EBITDA for AES (AES)
According to AES's latest reported financial statements, the company's current EBITDA (TTM) is $3.37B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
AES
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$3.37B
YoY change
-20.0%
5Y CAGR
+3.0%
Peak year (2008)
$5.60B
Cumulative EBITDA
$92.15B
EBITDA history chart for AES (AES) from 1990 to 2025
EBITDA history table for AES (AES) from 1990 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $2.94B | -20.0% | ||
| 2024 | $3.67B | +45.0% | ||
| 2023 | $2.53B | +30.4% | ||
| 2022 | $1.94B | +137.5% | ||
| 2021 | $818.00M | -67.7% | ||
| 2020 | $2.53B | -17.5% | ||
| 2019 | $3.07B | -23.8% | ||
| 2018 | $4.03B | +32.9% | ||
| 2017 | $3.03B | +26.8% | ||
| 2016 | $2.39B | -32.3% | ||
| 2015 | $3.53B | -14.9% | ||
| 2014 | $4.15B | +12.6% | ||
| 2013 | $3.69B | +17.8% | ||
| 2012 | $3.13B | -36.2% | ||
| 2011 | $4.91B | +35.0% | ||
| 2010 | $3.63B | -24.0% | ||
| 2009 | $4.78B | -14.6% | ||
| 2008 | $5.60B | +28.8% | ||
| 2007 | $4.34B | +17.3% | ||
| 2006 | $3.70B | -3.8% | ||
| 2005 | $3.85B | +8.2% | ||
| 2004 | $3.56B | 0.0% | ||
| 2003 | $3.56B | +74.8% | ||
| 2002 | $2.03B | -22.0% | ||
| 2001 | $2.61B | +1.0% | ||
| 2000 | $2.58B | +114.6% | ||
| 1999 | $1.20B | +26.6% | ||
| 1998 | $950.00M | +100.0% | ||
| 1997 | $475.00M | -47.2% | ||
| 1996 | $900.00M | +192.2% | ||
| 1995 | $308.00M | +12.0% | ||
| 1994 | $275.00M | -47.0% | ||
| 1993 | $518.70M | +29.4% | ||
| 1992 | $401.00M | +20.2% | ||
| 1991 | $333.50M | +75.3% | ||
| 1990 | $190.20M | — |
EBITDA values are taken from AES's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, AES (AES) EBITDA totalled $2.94B – declined 20.0% year-over-year.
Over 2020–2025 (5 years), AES EBITDA expanded at a +3.0% compound annual rate, with the latest reading among the more recent periods of the dataset.
AES EBITDA peaked at $5.60B in 2008; the latest annual figure is $2.94B in 2025 (47.5% below peak).
2008 marks the peak EBITDA at $5.60B, with the historical low of $190.20M recorded in 1990.
Among 8 Utilities peers, AES (AES) ranks 9th; the peer median for EBITDA is $8.40B.
AES EBITDA by Year
AES EBITDA 2025: $2.94B
AES EBITDA in 2025 was $2.94B, declined 20.0% below 2024.
AES EBITDA 2024: $3.67B
AES EBITDA in 2024 was $3.67B, surged 45.0% from 2023.
AES EBITDA 2023: $2.53B
AES EBITDA in 2023 was $2.53B, surged 30.4% from 2022.
AES EBITDA 2022: $1.94B
AES EBITDA in 2022 was $1.94B, surged 137.5% from 2021.
AES EBITDA 2021: $818.00M
AES EBITDA in 2021 was $818.00M.
See more financial history for AES (AES).
Sector peers — EBITDA
Companies in the same sector as AES, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $16.16B | Utilities |
| Duke Energy Corporation (DUK) | $15.67B | Utilities |
| The Southern Company (SO) | $14.33B | Utilities |
| American Electric Power Company, Inc. (AEP) | $8.79B | Utilities |
| Dominion Energy, Inc. (D) | $8.02B | Utilities |
| Sempra (SRE) | $6.87B | Utilities |
| Constellation Energy Corporation (CEG) | $5.01B | Utilities |
| GE Vernova Inc. (GEV) | $3.68B | Utilities |
Frequently asked questions
What is AES's EBITDA?
- Latest reported EBITDA for AES (AES) is $3.37B (period ending December 31, 2025).
How has AES EBITDA changed year-over-year?
- AES (AES) EBITDA changed -20.0% year-over-year on the latest annual filing.
What is the long-term growth rate of AES EBITDA?
- AES (AES) EBITDA compound annual growth rate is +3.0% over the most recent 5 years available.
When did AES EBITDA hit its highest annual value?
- AES EBITDA reached its highest annual value of $5.60B in 2008.
What was AES EBITDA in 2024?
- AES (AES) EBITDA in 2024 was $3.67B.
What was AES EBITDA in 2025?
- AES (AES) EBITDA in 2025 was $2.94B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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