AES is executing a large-scale rate base expansion, with PPE net up 22.5% year-over-year to $40.7B in 2026Q2, driving revenue growth of 19.9% and operating margin expansion to 18.4%. However, this growth is increasingly debt-funded, with total debt at $32.1B a...
Price trend, volume and key moving averages
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Revenue grew 19.9% year-over-year to $3.4B in 2026Q2, with operating margin expanding to 18.4% from 14.2% a year earlier, indicating improved cost recovery and rate base growth.
AES is actively expanding its renewables portfolio, with renewables EBITDA growing significantly year-over-year. The company is seeing strong demand for renewable energy solutions, particularly from data centers, leading to substantial Power Purchase Agreements (PPAs) signed. Their diversified generation portfolio, with over 53% renewable energy, is expected to capture a larger share of EBITDA by 2027.
AES has a robust capital expenditure plan to enhance its energy infrastructure and is transitioning from coal to gas generation. A significant portion of its EBITDA comes from regulated utility operations, which are projected to achieve a ~10% compound annual growth rate in their rate base, contributing to financial stability.
AES has a history of increasing its dividend for over a decade, making it an attractive option for income-focused investors.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 4, 2026 | $0.44-2.2% vs $0.45 | $3.4B+10.0% vs $3.1B |
Q2 2026 May 5, 2026 | $0.67+34.0% vs $0.50 | $3.2B+2.4% vs $3.1B |
Q2 2026 Mar 2, 2026 | $0.81+30.6% vs $0.62 | $3.1B+2.3% vs $3.0B |
Q4 2025 Nov 5, 2025 | $0.75+5.3% vs $0.71 | $3.4B-0.5% vs $3.4B |
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Highlights Historic core from TSD-009 returned 477 g/t silver by fire assay and 509 g/t silver by ICP-AES, compared with the original result of 466 g/t silver. TSD-002 returned 287 g/t silver by fire assay and 301 g/t silver by ICP-AES, compared with the original result of 161 g/t silver.
AES (AES) reported earnings 30 days ago. What's next for the stock?
Benchmark AES against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for The AES Corporation (AES)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $14.82 | $10.57B | 11.76 | -0.37% | 7.76% | 9.67% | 4.75% | |
| $102.75 | $21.68B | 25.62 | 9.17% | 2.31% | 25.38% | — | |
| $140.41 | $47.34B | 63.53 | -12.41% | 13.89% | 41.4% | — | |
| $27.29 | $16.34B | 17.38 | 27.06% | 20.73% | 41.89% | — | |
| $79.26 | $165.32B | 24.09 | 11% | 32.04% | 13.99% | — | |
| $62.43 | $54.91B | 18.10 | 14.16% | 13.93% | 7.71% | — |
The AES Corporation (AES) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
The AES Corporation (AES) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
Jul 27, 2026·SEC
Jun 26, 2026·SEC
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The AES Corporation (AES) stock FAQ — growth, dividends, profitability & financials explained
The AES Corporation (AES) reported $13.05B in revenue for fiscal year 2025. This represents a 1463% increase from $835.0M in 1996.
The AES Corporation (AES) saw revenue decline by 0.4% over the past year.
Yes, The AES Corporation (AES) is profitable, generating $1.91B in net income for fiscal year 2025 (7.8% net margin).
Yes, The AES Corporation (AES) pays a dividend with a yield of 4.75%. This makes it attractive for income-focused investors.
The AES Corporation (AES) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.
The AES Corporation (AES) had negative free cash flow of $1.72B in fiscal year 2025, likely due to heavy capital investments.
The AES Corporation (AES) has a dividend payout ratio of 53%. This suggests the dividend is well-covered and sustainable.
