Last 48 quarters of trend data · Utilities · Independent Power Producers
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 5.82 | 4.90 | 6.11 | 5.18 | 7.79 | 3.70 | — | 44.36 | 4.07 | 7.06 | 10.98 | 7.47 | — | 11.88 | — | 28.67 | — | 9.58 | — | 40.20 | — |
| — | +32.6% | — | -88.3% | +91.4% | -47.7% | — | +493.7% | — | -40.5% | — | -73.9% | — | +24.0% | — | -28.7% | — | -19.5% | — | — | — | |
| P/S Ratio | 0.78 | 0.69 | 0.77 | 0.79 | 0.83 | 0.70 | 0.66 | 0.76 | 0.77 | 1.09 | 1.06 | 1.03 | 1.09 | 0.79 | 1.14 | 1.32 | 1.57 | 1.11 | 1.14 | 1.60 | 1.46 |
| — | -1.9% | +16.8% | +4.7% | +6.6% | -35.5% | -38.4% | -26.9% | -28.7% | +38.0% | -6.8% | -21.8% | -30.9% | -28.9% | +0.2% | -17.4% | +7.4% | -17.1% | -29.6% | -5.4% | -4.7% | |
| P/B Ratio | 0.89 | 0.77 | 0.82 | 1.08 | 0.86 | 0.89 | 0.97 | 1.15 | 1.19 | 1.87 | 1.78 | 2.03 | 2.15 | 2.06 | 2.91 | 3.84 | 4.27 | 2.94 | 2.89 | 3.88 | 3.55 |
| — | -14.0% | -16.2% | -6.1% | -27.9% | -52.3% | -45.3% | -43.6% | -44.7% | -9.1% | -38.9% | -47.1% | -49.5% | -30.0% | +0.8% | -1.0% | +20.3% | +4.5% | -10.8% | +23.2% | +6.5% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 8.99 | 7.90 | 9.59 | 9.69 | 10.53 | 10.47 | 11.99 | 13.46 | 13.72 | 10.78 | 12.25 | 11.78 | 13.26 | 8.00 | 13.74 | 12.46 | 13.79 | 8.26 | 10.98 | 12.50 | 10.84 |
| — | -24.5% | -20.1% | -28.0% | -23.3% | -2.9% | -2.1% | +14.3% | +3.5% | +34.8% | -10.8% | -5.5% | -3.8% | -3.1% | +25.2% | -0.3% | +27.1% | -7.4% | +14.8% | +24.6% | +41.4% | |
| EV / EBIT | 19.73 | 12.11 | 20.08 | 16.59 | 100.24 | 8.53 | 23.64 | 30.99 | 14.76 | 14.84 | 20.78 | 15.92 | — | 12.26 | 32.47 | 16.95 | — | 10.38 | 78.75 | 18.78 | — |
| — | +42.0% | -15.1% | -46.5% | +579.0% | -42.5% | +13.8% | +94.6% | — | +21.0% | -36.0% | -6.1% | — | +18.1% | -58.8% | -9.8% | — | -5.2% | -18.4% | -61.7% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.1% | 25.4% | 20.2% | 20.1% | 18.8% | 21.9% | 15.9% | 15.0% | 14.2% | 21.9% | 18.8% | 20.1% | 16.7% | 26.7% | 16.7% | 18.4% | 18.1% | 24.7% | 18.3% | 18.6% | 20.1% |
| — | +15.6% | +27.2% | +33.8% | +32.4% | +0.1% | -15.4% | -25.2% | -15.0% | -17.9% | +12.7% | +9.4% | -8.0% | +8.0% | -9.0% | -1.5% | -10.0% | -1.0% | -32.3% | -26.1% | -43.1% | |
| Operating Margin | 16.1% | 23.6% | 18.4% | 18.4% | 16.5% | 16.5% | 14.2% | 12.4% | 11.1% | 20.2% | 16.6% | 17.7% | 14.5% | 24.8% | 14.3% | 16.7% | 16.2% | 23.3% | 16.8% | 16.8% | 18.8% |
| — | +42.8% | +29.8% | +48.3% | +48.5% | -18.1% | -14.3% | -29.8% | -23.3% | -18.7% | +15.8% | +6.0% | -10.6% | +6.5% | -15.0% | -0.9% | -13.8% | -1.6% | -33.8% | -28.4% | -43.9% | |
| Net Margin | 7.8% | 14.3% | 13.6% | 15.3% | 10.4% | 18.9% | -3.7% | 1.6% | 18.9% | 15.5% | 9.6% | 14.0% | -3.4% | 6.7% | -1.3% | 4.7% | -29.5% | 11.6% | -5.8% | 4.0% | -22.8% |
| — | -24.5% | +469.5% | +874.1% | -45.1% | +22.3% | -138.4% | -88.8% | +655.6% | +130.1% | +845.9% | +200.4% | +88.5% | -42.0% | +77.9% | +15.7% | -29.3% | +2.8% | -754.2% | +171.8% | -283.7% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.7% | 4.1% | 4.2% | 4.6% | 2.9% | 7.0% | -1.4% | 0.6% | 7.3% | 6.9% | 4.2% | 7.0% | -1.8% | 4.6% | -0.8% | 3.4% | -18.1% | 8.2% | -3.7% | 2.5% | -12.2% |
| — | -40.5% | +407.7% | +667.4% | -60.7% | +0.3% | -132.2% | -91.5% | +506.2% | +50.4% | +601.0% | +109.2% | +90.1% | -43.5% | +77.4% | +35.9% | -48.1% | +32.8% | -962.6% | +187.0% | -269.2% | |
| ROA | 1.9% | 1.0% | 0.9% | 0.9% | 0.6% | 1.3% | -0.2% | 0.1% | 1.1% | 1.0% | 0.6% | 0.9% | -0.2% | 0.5% | -0.1% | 0.4% | -2.4% | 1.1% | -0.5% | 0.3% | -1.9% |
| — | -21.4% | +502.0% | +872.1% | -45.3% | +22.7% | -136.3% | -89.8% | +600.4% | +90.7% | +716.6% | +142.1% | +90.3% | -52.1% | +80.9% | +14.2% | -27.6% | +15.9% | -837.9% | +180.2% | -301.3% | |
| ROIC | 3.9% | 1.6% | 1.2% | 1.1% | 1.0% | 1.1% | 0.8% | 0.8% | 0.7% | 1.4% | 1.1% | 1.3% | 1.0% | 2.1% | 1.1% | 1.5% | 1.4% | 2.5% | 1.6% | 1.6% | 1.7% |
| — | +42.4% | +38.9% | +46.5% | +37.1% | -24.5% | -23.0% | -39.4% | -32.2% | -31.3% | -4.1% | -15.8% | -26.6% | -15.1% | -28.9% | -4.5% | -15.7% | +11.3% | -26.3% | -20.9% | -38.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.54 | 2.40 | 2.50 | 3.31 | 2.54 | 2.93 | 3.94 | 3.96 | 3.77 | 3.86 | 4.06 | 4.71 | 4.49 | 5.21 | 5.58 | 5.56 | 5.22 | 4.07 | 4.40 | 4.30 | 4.09 |
| — | -18.2% | -36.4% | -16.3% | -32.5% | -24.0% | -3.0% | -16.0% | -16.1% | -26.0% | -27.2% | -15.3% | -13.9% | +28.2% | +26.7% | +29.5% | +27.4% | +17.1% | +18.8% | +22.5% | -2.8% | |
| Debt / EBITDA | 8.85 | 25.07 | 30.19 | 30.45 | 33.18 | 33.57 | 39.88 | 43.68 | 43.44 | 30.36 | 35.60 | 34.54 | 37.18 | 24.05 | 37.33 | 30.54 | 31.33 | 19.97 | 27.34 | 27.00 | 23.88 |
| — | -25.3% | -24.3% | -30.3% | -23.6% | +10.6% | +12.0% | +26.5% | +16.9% | +26.3% | -4.6% | +13.1% | +18.7% | +20.4% | +36.6% | +13.1% | +31.2% | -2.5% | +29.6% | +21.4% | +35.1% | |
| Current Ratio | 0.77 | 0.86 | 0.75 | 0.73 | 0.77 | 0.72 | 0.82 | 0.84 | 0.80 | 0.85 | 0.97 | 0.78 | 0.68 | 0.83 | 0.94 | 1.13 | 1.18 | 1.29 | 1.16 | 1.07 | 1.13 |
| — | +19.6% | -9.3% | -13.5% | -3.9% | -15.0% | -15.4% | +8.3% | +16.6% | +2.5% | +3.0% | -31.0% | -42.0% | -35.8% | -18.3% | +5.7% | +4.0% | +5.8% | -9.3% | -14.1% | +12.1% | |
| Quick Ratio | 0.69 | 0.78 | 0.67 | 0.65 | 0.69 | 0.66 | 0.74 | 0.78 | 0.73 | 0.80 | 0.91 | 0.71 | 0.61 | 0.74 | 0.84 | 1.00 | 1.01 | 1.12 | 1.01 | 0.95 | 1.00 |
| — | +19.2% | -8.7% | -16.0% | -4.7% | -17.5% | -18.4% | +9.5% | +19.3% | +8.0% | +7.4% | -29.1% | -39.9% | -34.2% | -16.6% | +5.5% | +1.1% | +2.3% | -13.8% | -17.8% | +8.7% | |
| Interest Coverage | 1.05 | 2.40 | 1.38 | 1.69 | 0.26 | 3.24 | 1.11 | 0.93 | 1.73 | 1.88 | 1.32 | 1.78 | -0.66 | 2.26 | 1.01 | 1.80 | -1.93 | 3.31 | 0.41 | 2.12 | -5.98 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying AES stock.
The AES Corporation's current P/E is 5.8x. The average P/E over the last 4 quarters is 6.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The AES Corporation's current operating margin is 16.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The AES Corporation's business trajectory between earnings reports.