The AES Corporation
AESUtilitiesNASDAQUtilities - Diversified
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Daily timeframeHeadquartered within the utilities sector, The AES Corporation focuses on Utilities - Diversified services and products. The AES Corporation, together with its subsidiaries, operates as a power generation and utility company. With a market capitalization of $10.53B, it sits in large-cap territory. It operates through four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies.
Market Cap
$10.53B
Beta
0.94
P/E (TTM)
7.69
P/E (Fwd)
6.21
EPS (TTM)
$1.92
EPS (Fwd)
$2.38
ROE
5.3%
ROA
2.7%
Cash
$1.65B
Total Debt
$31.80B
Free CF
-$2.96B
52W Change
10.5%
Annual Financials
Cash vs Debt
On the balance sheet, AES has $1.65B in cash with $31.80B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$2.96B, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 5.3% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.7% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $12.62B (2022) to $12.23B (2025).
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence The AES Corporation's trajectory.