AES vs SRE
AES Corp. and Sempra, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AES | SRE |
|---|---|---|
| Revenue | $12.2B | $13.7B |
| Net income | $910.0M | $1.8B |
| Gross margin | 18.1% | · |
| Net margin | 1.3% | 15.1% |
| Return on equity | 23.6% | 5.8% |
| Diluted EPS | $1.26 | $2.75 |
| Dividend / share | $0.70 | $2.58 |
| Payout ratio | 55.1% | 87.3% |
| Free cash flow | $-1.6B | $-6.0B |
| Equity | $4.1B | $31.6B |
| Net debt / equity | · | 1.05× |
| Current ratio | 0.77× | 1.59× |
| Revenue CAGR 5y | 4.8% | 3.8% |
| Profit CAGR 5y | 81.7% | · |
AES and SRE book revenue within 15% of each other, and SRE keeps more of each dollar of revenue as profit (15.1% against 1.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AES | SRE |
|---|---|---|
| FY2025 | $12.2B | $13.7B |
| FY2024 | $12.3B | $13.2B |
| FY2023 | $12.7B | $16.7B |
| FY2022 | $12.6B | $14.4B |
| FY2021 | $11.1B | $12.9B |
| FY2020 | $9.7B | $11.4B |
| FY2019 | $10.2B | $10.8B |
| FY2018 | $10.7B | $10.1B |
| FY2017 | $10.5B | $9.6B |
| FY2016 | $10.3B | $10.2B |
Bottom line
| Fiscal year | AES | SRE |
|---|---|---|
| FY2025 | $910.0M | $1.8B |
| FY2024 | $1.7B | $2.9B |
| FY2023 | $249.0M | $3.1B |
| FY2022 | $-546.0M | $2.1B |
| FY2021 | $-409.0M | $1.3B |
| FY2020 | $46.0M | $4.1B |
| FY2019 | $303.0M | $2.4B |
| FY2018 | $1.2B | $1.1B |
| FY2017 | $-1.2B | $351.0M |
| FY2016 | $-1.1B | $1.5B |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$1,469,000,000 | SRE |
| FY2024 | −$907,000,000 | SRE |
| FY2023 | −$4,052,000,000 | SRE |
| FY2022 | −$1,822,000,000 | SRE |
| FY2021 | −$1,716,000,000 | SRE |
| FY2020 | −$1,710,000,000 | SRE |
| FY2019 | −$640,000,000 | SRE |
| FY2018 | +$634,000,000 | AES |
| FY2017 | +$890,000,000 | AES |
| FY2016 | +$98,000,000 | AES |
| FY2015 | +$1,029,000,000 | AES |
| FY2014 | +$5,089,000,000 | AES |
| FY2013 | +$5,334,000,000 | AES |
| FY2012 | +$7,517,000,000 | AES |
| FY2011 | +$6,062,000,000 | AES |
| FY2010 | +$6,440,000,000 | AES |
| FY2009 | +$5,004,000,000 | AES |
The higher-revenue side has changed between AES and SRE over this period. The gap has narrowed since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −13.8 pp | SRE |
| FY2024 | −20.0 pp | SRE |
| FY2023 | −23.1 pp | SRE |
| FY2022 | −19.8 pp | SRE |
| FY2021 | −19.9 pp | SRE |
| FY2020 | −34.5 pp | SRE |
| FY2019 | −17.1 pp | SRE |
| FY2018 | +3.4 pp | AES |
| FY2017 | −11.0 pp | SRE |
| FY2016 | −22.5 pp | SRE |
| FY2015 | −7.4 pp | SRE |
| FY2014 | −4.3 pp | SRE |
| FY2013 | −6.8 pp | SRE |
| FY2012 | −11.6 pp | SRE |
| FY2011 | −4.3 pp | SRE |
| FY2010 | −1.0 pp | SRE |
| FY2009 | −0.5 pp | SRE |
The higher net margin has changed hands between AES and SRE over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SRE's net margin has been more volatile than AES's over the 17 comparable fiscal years — 7.5 percentage points of standard deviation against 6.8.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AES and SRE over these 17 fiscal years — AES led in 1 and SRE in 16.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AES's return on equity has been more volatile than SRE's over the 15 comparable fiscal years — 25.5 percentage points of standard deviation against 3.2.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between AES and SRE over these 15 fiscal years — AES led in 5 and SRE in 10.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.