MARKETS / NYSE / AES
NYSE · COGENERATION SERVICES & SMALL POWER PRODUCERS · LARGE CAP

AES Corp. AES

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY13 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$12.2B
▼ 0.4% vs FY2024
Dividend streak
13 yrs
Raised every year since 2013
EPS · FY25
$1.26
Dividend / sh · FY25
$0.70
Payout · FY25
55%
ROE · FY25
23.6%
Net margin · FY25
7.4%
Dividend coverage
1.8×
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Result
USD 12.2B
Revenue, FY2025 · full 19-year series below
Revenue Net income
510152012.20.92007201020132016201920222025
510152012.20.92016201920222025

7 cents of every revenue dollar became profit this year.

Per share
USD 1.26
Diluted EPS, FY2025
EPS Dividend
0.81.62.40.701.262007201020132016201920222025
0.81.62.40.701.262016201920222025

Earnings covered the dividend 1.8 times — the rest stayed in the company.

Profitability
23.6%
Return on equity, FY2025
ROE
20406023.6%2007201020132016201920222025
20406023.6%2016201920222025
Operating margin
Net margin7.4%
Return on assets1.8%

Each USD of equity produced 24 cents of profit this year.

Returned to shareholders
USD 501.0M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 501.0M
Net buybacks
Share of profit55.1%
Consecutive raises13 years

USD 501.0M in dividends — 55% of the year's profit went back to shareholders.

Growth
+4.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−1.0%
+4.8%
+0.8%
−1.5%
Net income
+81.7%
+11.5%
+36.0%
EPS, diluted
+78.3%
+11.1%
+38.0%
Dividend / share
+3.2%
+3.9%
+5.6%
Returned to shareholders
+5.9%
+5.6%
−4.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.71B
Shares outstanding, FY2025
0.660.712007201020132016201920222025
0.660.712016201920222025
Change, 5 years+7.0%
Change, 10 years+6.8%

The share count grew 7% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 51.8B
total assets, end of FY2025
Total assetsUSD 51.8B
EquityUSD 4.1B
CashUSD 1.4B
Current ratio0.77×

Equity funds 8% of total assets.

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
12.2
12.3
12.7
12.6
11.1
9.7
10.2
10.7
10.5
10.3
11.3
16.1
15.9
17.2
16.1
15.4
13.1
·
·
Operating income $B
·
·
·
0.1
0.6
−0.2
−0.3
−0.5
−0.5
−0.4
0.5
0.6
·
·
·
·
·
·
·
EBITDA $B
·
·
·
−1.0
1.6
0.8
0.7
0.5
0.5
0.6
1.5
1.7
·
·
·
·
·
·
·
Income tax $B
−0.2
0.1
0.3
0.3
−0.1
0.2
0.4
0.7
1.0
0.0
0.4
0.4
0.3
0.7
0.7
0.6
0.6
0.8
0.7
Net income $B
0.9
1.7
0.2
−0.5
−0.4
0.0
0.3
1.2
−1.2
−1.1
0.3
0.8
0.1
−0.9
0.1
0.0
0.7
1.2
−0.1
EPS, diluted $
1.26
2.36
0.35
−0.82
−0.61
0.07
0.45
1.81
−1.76
−1.72
0.44
1.06
0.15
−1.21
0.07
0.01
0.98
1.82
−0.14
Dividend / sh $
0.70
0.69
0.67
0.64
0.61
0.58
0.55
0.53
0.49
0.45
0.41
0.25
0.17
0.08
0.00
0.00
·
·
·
Payout %
55
29
178
−77
−98
828
119
29
−27
−26
90
19
104
−3
0
0
·
·
·
ROE %
23.6
54.8
10.1
−20.9
−15.1
1.6
9.8
42.4
−44.2
−38.0
8.2
17.9
2.6
−17.3
0.9
0.2
15.8
33.6
·
Shares out B
0.71
0.71
0.67
0.67
0.67
0.67
0.66
0.66
0.66
0.66
0.67
0.70
0.72
0.74
0.77
0.79
0.67
0.66
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
64 of 64
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed