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AESAES

Independent Power Producers & Energy Traders · Arlington, Virginia · In the S&P 500
Solid businessCheaper than peers
$14.83−0.30%After hours: $14.84 (+0.07%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 3.2% over 1 year
AES over 1 yearDaily close, $, to 30 Oct 2026
$14$16Nov2026MarMayJulSep$14.83$14$16NovMarJul$14.83
Source: Nasdaq daily closes
Market value$10.58B
Price to earnings5.5x
Forward P/E7.2x
Dividend yield4.75%
Year to date+3.4%
One year+3.2%
Next earningsTue 3 Nov
SectorUtilities
52-week range (closes)
$13.44$17.28

Quality and valuation

How AES compares with other utilities stocks. A description, not a recommendation.

AES and 7 independent power producers & energy traders peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: cheaper than most

An average business among utilities companies, priced below most of them.

AES trades at 7.2 times the next 12 months of expected earnings, against a median of 18.6x for the 33 utilities stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +8.5% vs +8.3%
  • Keeps less of each sale (gross margin): 20.3% vs 75.8%
  • Turns more of its sales into cash: −13.2% vs −14.5%
  • Keeps more of its revenue as profit (net margin): 14.3% vs 13.8%
AES trades at 7.2x forward earnings, below the sector medianForward p/e, Independent Power Producers & Energy Traders peers
AES7.2xSRE16.6xD17.5xDUK18.8xAEP19.6xSO20.1xNEE20.8xCEG21.4xSector median 18.6xAES7.2xSRE16.6xD17.5xDUK18.8xAEP19.6xSO20.1xNEE20.8xCEG21.4xSector median 18.6x
Source: CNBC quotes; Mostly Markets
At 5.7x earnings, AES is cheaper than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
10x15xAverage 9.0x202520265.7x10x15xAverage 9.0x202520265.7x
Source: Nasdaq prices; SEC filings

Financials

From AES's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 19.9% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$1bn$2bn$3bnQ3 ’24Q1 ’25Q3 ’25$3.4bnQ2 ’26$0bn$2bnQ3 ’24Q1 ’25Q3 ’25$3.4bnQ2 ’26
Source: SEC filings
Growth sped up to +19.9% last quarterRevenue growth, year on year, %
0%10%Q3 ’24Q1 ’25Q3 ’2519.9%Q2 ’260%10%Q3 ’24Q1 ’25Q3 ’2519.9%Q2 ’26
Source: SEC filings
Free cash flow was −$1.7 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
−$750m−$500m−$250m$0mQ3 ’24Q1 ’25Q3 ’25−$597mQ2 ’26−$500m$0mQ3 ’24Q1 ’25Q3 ’25−$597mQ2 ’26
Source: SEC filings
Diluted EPS was $0.60 last quarterQuarterly diluted earnings per share, $
$0.0$0.5Q3 ’24Q1 ’25Q3 ’25$0.60Q2 ’26$0.0$0.5Q3 ’24Q1 ’25Q3 ’25$0.60Q2 ’26
Source: SEC filings
Last 12 monthsAESSector median
Revenue growth+8.5%+8.3%
Gross margin20.3%75.8%
Free cash flow margin−13.2%−14.5%
Price to earnings5.5x21.1x

Stories on AES

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NEENextEra Energy$83.71+1.91%+4.3%$176B
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CEGConstellation Energy$262.38−0.83%−25.7%$92.96B
AEPAmerican Electric Power$130.21+0.67%+12.9%$70.90B
DDominion Energy$66.62+2.30%+13.7%$58.59B
SRESempra$86.06+0.20%−2.5%$56.27B
ETREntergy$110.11+0.13%+19.1%$52.61B