The AES Corporation
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||
| 29.1 | 42.4 | 28.0 | 64.5 | 32.8 | 32.4 | – | 26.4 | 42.5 | 19.0 | 56.6 | 25.6 | 4.6 | 11.0 | – | – | – | 40.8 | 12.1 | 21.6 | – | – | 9.6 | 44.0 | 365.1 | – | – | 56.8 | 5.5 | 10.7 | |
| 4.4 | 5.6 | 3.6 | 4.5 | 4.2 | 1.4 | 0.2 | 0.6 | 0.9 | 1.0 | 1.2 | 1.1 | 0.4 | 0.6 | 0.6 | 0.5 | 0.4 | 0.7 | 0.6 | 0.5 | 0.8 | 0.7 | 0.9 | 1.3 | 1.6 | 1.5 | 1.5 | 1.1 | 0.7 | 0.8 | |
| 5.0 | 5.3 | 4.9 | 5.6 | 5.4 | 1.6 | – | 8.6 | 5.4 | 6.4 | 4.9 | 4.6 | 1.5 | 1.9 | 1.4 | 0.9 | 1.8 | 2.5 | 2.3 | 2.1 | 2.7 | 2.9 | 3.0 | 4.4 | 6.0 | 5.8 | 7.9 | 5.5 | 2.5 | 1.5 | |
| 4.4 | 5.8 | 4.0 | 4.7 | 7.2 | 4.9 | 2.9 | 2.5 | 2.8 | 2.6 | 2.3 | 2.2 | 1.4 | 1.9 | 1.6 | 1.7 | 1.5 | 1.9 | 1.7 | 1.8 | 2.6 | 2.5 | 2.6 | 3.2 | 3.6 | 3.0 | 3.3 | 3.1 | 3.0 | 3.1 | |
| 4.1 | 17.1 | 10.2 | 12.7 | 17.3 | 11.9 | 10.6 | 6.6 | 7.3 | 6.8 | 6.4 | 7.0 | 4.1 | 5.6 | 7.3 | 6.1 | 8.7 | 8.2 | 7.1 | 7.3 | 11.1 | 8.6 | 6.9 | 10.6 | 13.6 | 41.5 | 21.3 | 15.5 | 10.0 | 12.9 | |
| – | – | 793.0 | – | – | – | – | 13.3 | 13.1 | 10.3 | 15.5 | – | – | – | 7.8 | 20.4 | 12.1 | 14.9 | – | – | 14.2 | 22.8 | 43.4 | 217.6 | 18.4 | – | – | – | – | – | |
| -8.9% | -4.1% | 0.1% | -4.3% | -6.5% | -16.8% | -42.7% | 7.5% | 7.7% | 9.7% | 6.4% | -0.5% | -11.9% | -3.4% | 12.8% | 4.9% | 8.2% | 6.7% | -2.3% | -2.6% | 7.0% | 4.4% | 2.3% | 0.5% | 5.4% | -1.3% | -9.5% | -34.1% | -50.4% | -15.9% | |
| Margins | ||||||||||||||||||||||||||||||
| 47.7% | 38.6% | 42.0% | 39.4% | 29.0% | -11.5% | 100.0% | 29.7% | 29.7% | 28.0% | 100.0% | 25.1% | 23.1% | 24.0% | 23.5% | 24.3% | 20.5% | 20.4% | 17.9% | 19.8% | 22.9% | 23.3% | 24.0% | 23.2% | 27.9% | 24.3% | 20.2% | 19.8% | 18.9% | 18.1% | |
| 100.0% | 25.6% | 31.4% | 28.4% | 26.0% | 27.8% | 16.2% | 27.8% | 27.8% | 25.9% | 25.2% | 22.3% | 20.8% | 21.5% | 21.1% | 22.1% | 18.8% | 19.0% | 16.8% | 18.5% | 21.0% | 21.3% | 22.2% | 21.3% | 26.2% | 22.9% | 18.6% | 17.8% | 16.5% | 16.1% | |
| 15.0% | 13.1% | 13.0% | 7.0% | 12.8% | 4.3% | -48.2% | 2.2% | 2.2% | 5.4% | 2.1% | 4.2% | 7.6% | 5.8% | -0.3% | -0.2% | -5.1% | 1.7% | 4.8% | 2.2% | -0.1% | -5.2% | 9.3% | 3.0% | 0.4% | -3.7% | -4.3% | 1.9% | 13.7% | 7.8% | |
| -38.8% | -22.5% | 0.5% | -19.6% | -27.2% | -23.5% | -8.2% | 4.4% | 7.2% | 10.0% | 7.7% | -0.5% | -4.2% | -2.2% | 7.2% | 2.6% | 3.7% | 4.6% | -1.3% | -1.2% | 5.3% | 3.0% | 2.1% | 0.6% | 8.9% | -1.9% | -14.6% | -37.0% | -37.8% | -13.3% | |
| Returns | ||||||||||||||||||||||||||||||
| 17.3% | 12.5% | 17.3% | 8.6% | 16.5% | 4.9% | – | 32.4% | 12.7% | 33.5% | 8.6% | 17.9% | 33.5% | 17.3% | -0.8% | -0.3% | -20.3% | 6.1% | 19.3% | 9.7% | -0.4% | -22.3% | 31.3% | 10.1% | 1.6% | -14.8% | -22.4% | 9.7% | 46.3% | 13.8% | |
| 3.5% | 2.1% | 2.9% | 1.1% | 2.6% | 0.7% | -10.5% | 0.7% | 0.7% | 1.9% | 0.8% | 1.6% | 3.5% | 2.0% | -0.1% | -0.1% | -2.2% | 0.7% | 2.1% | 0.8% | 0.0% | -1.7% | 3.1% | 0.9% | 0.1% | -1.3% | -1.4% | 0.5% | 3.6% | 1.8% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||
| 13 | 294 | 922 | 547 | 18,517 | 22,181 | 20,207 | 17,901 | 17,228 | 15,784 | 13,907 | 15,987 | 17,082 | 18,066 | 17,135 | 20,840 | 19,054 | 19,407 | 19,319 | 19,188 | 18,907 | 19,016 | 18,129 | 19,144 | 18,792 | 17,756 | 22,124 | 25,452 | 27,494 | 27,860 | |
| 0.0 | 0.6 | 1.0 | 0.5 | 7.2 | 8.5 | 9.9 | 5.0 | 4.8 | 4.1 | 3.1 | 3.7 | 3.1 | 3.8 | 4.7 | 4.2 | 6.1 | 5.3 | 4.7 | 5.4 | 7.9 | 6.3 | 4.5 | 6.2 | 7.4 | 21.7 | 11.4 | 10.0 | 7.5 | 9.5 | |
| 19.9% | 16.6% | 16.6% | 12.6% | 15.5% | 15.1% | -1.0% | 2.2% | 5.5% | 5.6% | 9.7% | 9.2% | 10.5% | 11.8% | 16.0% | 21.6% | 10.9% | 10.7% | 11.0% | 8.5% | 7.7% | 7.4% | 9.9% | 8.9% | 7.6% | 8.5% | 6.4% | 5.6% | 7.7% | 13.3% | |
| 0.3 | 0.4 | 0.8 | 0.5 | 4.0 | 4.2 | – | 30.4 | 11.3 | 10.7 | 5.3 | 5.7 | 4.9 | 4.3 | 3.0 | 2.3 | 4.6 | 4.9 | 4.9 | 6.5 | 7.2 | 8.1 | 6.0 | 6.7 | 7.5 | 6.7 | 9.6 | 10.8 | 8.0 | 4.3 | |
| Per Share | ||||||||||||||||||||||||||||||
| 0.40 | 0.55 | 0.85 | 0.58 | 1.69 | 0.51 | -7.50 | 0.36 | 0.32 | 0.83 | 0.39 | 0.83 | 1.78 | 1.21 | -0.07 | -0.04 | -1.23 | 0.36 | 1.14 | 0.44 | -0.02 | -0.83 | 1.51 | 0.45 | 0.06 | -0.62 | -0.82 | 0.34 | 2.36 | 1.33 | |
| 2.67 | 4.19 | 6.52 | 8.28 | 13.19 | 11.69 | 15.55 | 16.00 | 14.49 | 15.41 | 18.30 | 20.04 | 23.32 | 20.79 | 21.54 | 22.15 | 24.02 | 21.23 | 23.63 | 20.48 | 15.41 | 15.92 | 16.15 | 15.28 | 14.46 | 16.73 | 18.89 | 17.80 | 17.22 | 17.18 | |
| 2.31 | 4.40 | 4.87 | 6.71 | 10.23 | 10.28 | -0.72 | 1.10 | 2.54 | 2.48 | 4.52 | 4.67 | 5.33 | 6.98 | 8.42 | 12.52 | 6.05 | 5.79 | 5.90 | 4.57 | 4.23 | 3.73 | 4.82 | 4.49 | 3.94 | 4.20 | 3.65 | 3.49 | 5.11 | 9.67 | |
| -1.04 | -0.95 | 0.03 | -1.62 | -3.59 | -2.75 | -1.28 | 0.71 | 1.05 | 1.54 | 1.42 | -0.10 | -0.98 | -0.46 | 1.56 | 0.58 | 0.88 | 0.97 | -0.31 | -0.25 | 0.82 | 0.47 | 0.33 | 0.09 | 1.28 | -0.32 | -2.75 | -6.59 | -6.51 | -2.28 | |
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.