--- title: "AES Corporation: Metrics Guide" description: "AES Corporation revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/aes-corporation/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # AES Corporation: Financial & Operating Metrics Guide ## Direct Answer AES Corporation reported revenue of $12.2 billion for the fiscal year ended December 31, 2025, net income of $910 million, according to its SEC filings. Revenue fell 0.4% from the prior year. ## What Are AES Corporation's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $12.2 billion | $12.3 billion | $12.7 billion | $12.6 billion | | Operating income | Not reported | Not reported | Not reported | Not reported | | Operating margin | n/a | n/a | n/a | n/a | | Net income | $910 million | $1.7 billion | $249 million | -$546 million | | Net margin | 7.4% | 13.7% | 2.0% | -4.3% | | Operating cash flow | $4.3 billion | $2.8 billion | $3.0 billion | $2.7 billion | | Capital expenditures | $5.9 billion | $7.4 billion | $7.7 billion | $4.6 billion | | Free cash flow | -$1.6 billion | -$4.6 billion | -$4.7 billion | -$1.8 billion | Free cash flow (operating cash flow minus capital expenditures) was -$1.6 billion against net income of $910 million; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement. ![Bar chart of AES Corporation revenue, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $12.2 billion and net income $910 million.](https://www.getswoopr.com/images/charts/aes-corporation-metrics-revenue-profit.webp) *AES Corporation revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of AES Corporation net margin for fiscal 2022 to 2025. In fiscal 2025, net margin was 7.4%.](https://www.getswoopr.com/images/charts/aes-corporation-metrics-margins.webp) *AES Corporation operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of AES Corporation operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $4.3 billion, capital expenditures was $5.9 billion, free cash flow was negative $1.6 billion.](https://www.getswoopr.com/images/charts/aes-corporation-metrics-cash-flow.webp) *AES Corporation operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does AES Corporation's Balance Sheet Show? | Cash and cash equivalents | $1.4 billion | | --- | --- | | Long-term debt | Not reported | | Total assets | $51.8 billion | | Total liabilities | Not reported | | Shareholders' equity | $4.1 billion | | Current ratio | 0.8x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value AES Corporation reported in its own SEC filings, read from the SEC's XBRL data (accession 0000874761-26-000063 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was AES Corporation's revenue in fiscal 2025? AES Corporation reported revenue of $12.2 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is AES Corporation's operating margin? AES Corporation did not report operating income under the standard tag for fiscal 2025, so Swoopr does not compute an operating margin; the income statement in its 10-K shows how it presents profit. ### How much free cash flow did AES Corporation generate? Operating cash flow of $4.3 billion less capital expenditures of $5.9 billion gives free cash flow of -$1.6 billion for fiscal 2025. ## References - [SEC EDGAR: AES CORP Form 10-K filed March 2, 2026](https://www.sec.gov/Archives/edgar/data/874761/000087476126000063/aes-20251231.htm) - [SEC EDGAR: AES CORP annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=874761&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [AES Corporation company dossier](https://www.getswoopr.com/stocks/companies/aes-corporation/) - [AES Corporation financial metrics](https://www.getswoopr.com/stocks/companies/aes-corporation/metrics/) - [AES Corporation financial risk indicators](https://www.getswoopr.com/stocks/companies/aes-corporation/risks/) - [AES Corporation peer comparison](https://www.getswoopr.com/stocks/companies/aes-corporation/competitors/) - [AES Corporation business model and revenue mix](https://www.getswoopr.com/stocks/companies/aes-corporation/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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