The AES Corporation (AES) Earnings History
Annual and quarterly earnings data from 1994 to 2025
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AES EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
AES Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 18.1% | 16.1% | 7.8% |
| 2024 | 18.9% | 16.5% | 13.7% |
| 2023 | 19.8% | 17.8% | 1.9% |
| 2022 | 20.2% | 18.6% | -4.3% |
| 2021 | 24.3% | 22.9% | -3.7% |
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The AES Corporation (AES) Earnings Overview
As of May 6, 2026, The AES Corporation (AES) reported trailing twelve-month net income of $1.05B, reflecting -46.6% year-over-year growth. The company earned $1.26 per diluted share over the past four quarters, with a net profit margin of 7.8%.
Looking at the long-term picture, AES's 5-year EPS compound annual growth rate (CAGR) stands at +78.3%, indicating exceptional earnings growth. The company achieved its highest annual net income of $1.69B in fiscal 2024.
The AES Corporation maintains positive profitability with a gross margin of 18.1%, operating margin of 16.1%, and net margin of 7.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including NRG ($239M net income, 2.8% margin), VST ($944M net income, 5.6% margin), GEN ($603M net income, 16.3% margin), AES has outperformed on profitability metrics. Compare AES vs NRG →
AES Earnings vs Peers
Earnings metrics vs comparable public companies
AES Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $949M | -43.7% | $1.97B | $1.26 | 7.8% | 16.1% |
| 2024 | $1.69B | +596.7% | $2.03B | $2.36 | 13.7% | 16.5% |
| 2023 | $242M | +144.3% | $2.26B | $0.35 | 1.9% | 17.8% |
| 2022 | -$546M | -32.2% | $2.34B | $-0.82 | -4.3% | 18.6% |
| 2021 | -$413M | -1060.5% | $2.55B | $-0.61 | -3.7% | 22.9% |
| 2020 | $43M | -85.8% | $2.53B | $0.07 | 0.4% | 26.2% |
| 2019 | $302M | -69.9% | $2.17B | $0.45 | 3.0% | 21.3% |
| 2018 | $1.00B | +282.5% | $2.39B | $1.81 | 9.3% | 22.2% |
| 2017 | -$550M | -4900.0% | $2.24B | $-1.76 | -5.2% | 21.3% |
| 2016 | -$11M | -103.6% | $2.13B | $-1.72 | -0.1% | 21.0% |
Full AES Stock Analysis
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Start ComparisonAES — Frequently Asked Questions
Quick answers to the most common questions about buying AES stock.
Is AES growing earnings?
AES EPS fell to $1.26, with earnings declining -46.6%. This contrasts with the 5-year CAGR of +78.3%. TTM net income dropped to $1.1B.
What are AES's profit margins?
The AES Corporation net margin is +7.8%, with operating margin at +16.1%. Margins sit within typical range for the sector.
How consistent are AES's earnings?
AES earnings data spans 1994-2025. The declining earnings trend is -46.6% YoY. Historical data enables comparison across business cycles.