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NEW YORK STOCK EXCHANGE, INC. · Utilities · CIK 0000874761
$14.97
0.00% · live
Updated
$10.66B market value
From AES CORP's FY2025 10-K, filed Mar 2, 2026 · read the filing
AES handles waste and environmental services. It took in $12.23B last year, which makes it a large company. Of every dollar it sells, about 7 cents is left as profit.
The financial picture is mixed, with profitability needing attention and growth and debt weaker.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Changed its auditor, in a filing on 2026-07-27.
Form 8-K, item 4.01 · Read the filing
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score 0.07
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Several areas of financial weakness.
From AES CORP's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Profit
$1.68B → $910.0M
Free cash flow
-$4.64B → -$1.62B
Earnings per share
$2.36 → $1.28
Profit margin
13.7% → 7.4%
Measured against FY2024, from the 10-K filed Mar 2, 2026
Deteriorated: -45.8%
$1.68B to $910.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
AES was unchanged on the latest quote. The average Utilities company tracked here moved +1.77%, and the S&P 500 −1.04%. That is 1.8 points below its sector and 1.0 points above the market.
No filing from AES and no news item about it appeared in the last 3 days.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 17 analysts covering this company, as of . Their views, not this site's.
Of 17 analysts publishing on this company, 12 say hold, 4 say sell and 1 say strong sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 7 cents of every dollar of sales as profit, earning $910.0M last year. Note that after $5.93B of spending on property and equipment, it consumed $1.62B more cash than it generated.
No. Sales shrank 0.4% last year.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 55 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 12% of the cash its operations generated. It has paid in each of the last 12 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it earned $910.0M and generated $4.31B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Mar 2, 2026Filing for FY2025 | FY202410-K · Mar 11, 2025Filing for FY2024 | FY202310-K · Mar 11, 2025Filing for FY2023 | FY202210-K · Mar 11, 2025Filing for FY2022 | FY202110-K · Mar 1, 2023Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $12.23B | $12.28B | $12.67B | $12.62B | $11.14B | −0.4% |
| Cost of revenue | $10.02B | $9.96B | $10.16B | $10.07B | $8.43B | +0.6% |
| Gross profit | $2.21B | $2.31B | $2.50B | $2.55B | $2.71B | −4.5% |
| Gross marginGross profit ÷ revenueWhat is this? | 18.1% | 18.8% | 19.8% | 20.2% | 24.3% | −0.8 pts |
| Selling, general and administrative | $241.0M | $288.0M | $255.0M | $207.0M | $166.0M | −16.3% |
| Interest expense | $1.41B | $1.49B | $1.32B | $1.12B | $911.0M | −5.3% |
| Income before tax | $75.0M | $894.0M | $104.0M | $96.0M | $644.0M | −91.6% |
| Net income | $910.0M | $1.68B | $249.0M | -$546.0M | -$409.0M | −45.8% |
| Net marginNet income ÷ revenueWhat is this? | 7.4% | 13.7% | 2.0% | -4.3% | -3.7% | −6.2 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $1.28 | $2.36 | $0.3718 | $-0.8165 | $-0.6134 | −45.9% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| AESAES CORP · this page | 3.3/10 | 4/8 | -0.4% | 7.4% | 11.72x |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Reported another event
Read the filingReported another event
Read the filingWrite down why you are following AES CORP, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 1,579 subsidiaries named in its 10-K, incorporated across 46 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from AES's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Mar 2, 2026), reported under the US GAAP taxonomy. View the source filing. Total liabilities were not tagged directly and were calculated as assets minus equity.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 3.3 | 4/8 | 10-K, filed Mar 2, 2026 |
| FY2024 | 3.3 | 5/8 | 10-K, filed Mar 11, 2025 |
| FY2023 | 4.7 | 5/8 | 10-K, filed Feb 26, 2024 |
| FY2022 | 3.3 | 4/8 | 10-K, filed Mar 1, 2023 |
| FY2021 | 4.7 | 5/8 | 10-K, filed Feb 28, 2022 |
| FY2020 | 3.3 | 5/8 | 10-K, filed Feb 25, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
4 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
0.07
In the distress zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: $3.02B narrower
-$4.64B to -$1.62BCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: -45.9%
$2.36 to $1.28Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: −6.2 pts
13.7% to 7.4%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Changed: -19.8%
$7.39B to $5.93BSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Deteriorated: -9.3%
$1.52B to $1.38BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 4, 2026 — read it.
Improved: +52.8%
$453.0M to $692.0MCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: turned positive
-$95.0M to $426.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +15.8 pts
-3.3% to 12.4%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: turned positive
-$0.13 to $0.60Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +19.9%
$2.85B to $3.42BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +4.4 pts
15.9% to 20.2%Significant
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +33.3%
$1.35B to $1.80BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 4, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +7.6%
$3.18B to $3.42BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +8.1%
$640.0M to $692.0MNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: -12.5%
$487.0M to $426.0MNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −2.9 pts
15.3% to 12.4%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -12.5%
$0.68 to $0.60Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +12.5%
$1.60B to $1.80BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
5 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 3.3% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
It is tight. For every $1 it owes, it owns $1.09 in assets. A bankruptcy-risk model also places it in its distress range.
The trailing P/E is 7.3x — investors pay $7.3 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
| 11.74x |
| VSTVistra Corp. | 6.0/10 | 6/8 | 19.1% | 5.4% | 50.43x | 7.15x |
|---|
| Median of peers | 6.0/10 | — | 19.1% | 5.4% | 50.43x | 7.15x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Had a director or senior officer leave or join
Reported another event
Read the filingSigned a material agreement
Read the filingQuarterly report for Q2 FY2026
Revenue +19.9% · Profit margin +15.8 pts · Gross profit +52.8% — against Q2 FY2025
Read the filingChanged its auditor
Read the filingHeld a shareholder vote · Made a Regulation FD disclosure · Reported another event
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingReported another event
Read the filingQuarterly report for Q1 FY2026
Revenue +8.7% · Profit margin +13.7 pts · Gross profit +45.1% — against Q1 FY2025
Read the filingHeld a shareholder vote
Read the filingHad a director or senior officer leave or join
Read the filingProxy statement for a shareholder meeting
Read the filingSigned a material agreement
Read the filingAnnual report for FY2025
Profit margin −6.2 pts · Profit -45.8% · Free cash flow $3.02B narrower — against FY2024
Read the filingSigned a material agreement · Had a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingRecorded a material impairment
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2025
Profit margin +3.8 pts · Profit +26.8% · Earnings per share +26.6% — against Q3 FY2024
Read the filingThe first 40 of 1,579. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-03-02. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
Coverage from the last 30 days
AES Corp Says European Commission Unconditionally Approves Aes Merger On October 15, 2026; NYPSC Issues Ruling Requiring No Further Review For AES Merger On October 19, 2026
Benzinga ·
What to Expect From AES Corporation's Next Quarterly Earnings Report
Yahoo ·
3 US Solar Stocks Investors May Want To Watch After EnergyRe’s $815 Million Deal
Yahoo ·
AES Announces Quarterly Dividend
Yahoo ·
Wall Street's Most Accurate Analysts Spotlight On 3 Utilities Stocks Delivering High-Dividend Yields
Benzinga ·
U.S. Lawmakers Including Sen. Warren Ask Energy Regulators To Reject $33.4B AES Acquisition By BlackRock Subsidiary-led Consortium
Benzinga ·
Primary sources and further research