The AES Corporation, together with its subsidiaries, operates as a power generation and utility company. It operates through four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market, as well as investments in technologies to support leading-edge greener energy solutions. It uses various fuels and technologies to generate electricity, such as solar, hydro, wind, coal, and gas, as well as renewables comprising energy storage and landfill gas. The company owns and/or operates a generation portfolio of approximately 34,740 megawatts and distributes power to 2.7 million customers. The company operates in the United States, Chile, Dominican Republic, El Salvador, Mexico, Bulgaria, Panama, Colombia, Argentina, Vietnam, Jordan, Puerto Rico, and internationally. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was incorporated in 1981 and is based in Arlington, Virginia.
The AES Corporation (AES) reported trailing twelve months (TTM) revenue of $12.23B as of December 2025, which represents a 0.4% decrease year-over-year. The company's operating margin has expanded to 16.8% from 11.1% a year ago. In terms of profitability, AES generated $897.00M in net income. Valuation-wise, the stock trades at a P/E ratio of 11.5x and a Price-to-Sales (P/S) ratio of 0.8x. The company reported negative free cash flow of $-47.00M over the last twelve months, indicating cash consumption over the period. Data based on the most recent quarterly reports.
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