How does AES (AES) make money?

AES (AES) primarily makes money through Utilities, which accounts for 50.9% of total revenue. For TTM through Q4 2025, AES generated $12.23B in total revenue with a net profit margin of 7.3%.

What is AES (AES) gross profit margin?

AES (AES) reported a gross profit margin of 18.1% for TTM through Q4 2025, equivalent to $2.21B in gross profit. This means AES retains 18.1% of each revenue unit after direct costs of production.

What is AES (AES) operating profit margin?

AES (AES) reported an operating profit margin of 15% for TTM through Q4 2025, equivalent to $1.83B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is AES (AES) net profit margin?

AES (AES) reported a net profit margin of 7.3% for TTM through Q4 2025, equivalent to $897.00M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does AES (AES) spend on capital expenditures?

AES (AES) spent $5.93B on capital expenditures in TTM through Q4 2025 (48.5% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is AES (AES) free cash flow?

AES (AES) generated −$1.62B in free cash flow for TTM through Q4 2025 (-13.3% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is AES (AES) effective tax rate?

AES (AES) had an effective tax rate of 57.4% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

How AES (AES) Makes Money: A Visual Guide

AES (AES) generated $12.23B in revenue, earning $897.00M in net profit (7.3% margin). Its largest revenue source is Utilities (50.9% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

AES (AES) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported March 2, 2026).

Frequently asked questions

How does AES (AES) make money?: AES (AES) primarily makes money through Utilities, which accounts for 50.9% of total revenue. For TTM through Q4 2025, AES generated $12.23B in total revenue with a net profit margin of 7.3%.
What is AES (AES) gross profit margin?: AES (AES) reported a gross profit margin of 18.1% for TTM through Q4 2025, equivalent to $2.21B in gross profit. This means AES retains 18.1% of each revenue unit after direct costs of production.
What is AES (AES) operating profit margin?: AES (AES) reported an operating profit margin of 15% for TTM through Q4 2025, equivalent to $1.83B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is AES (AES) net profit margin?: AES (AES) reported a net profit margin of 7.3% for TTM through Q4 2025, equivalent to $897.00M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does AES (AES) spend on capital expenditures?: AES (AES) spent $5.93B on capital expenditures in TTM through Q4 2025 (48.5% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is AES (AES) free cash flow?: AES (AES) generated −$1.62B in free cash flow for TTM through Q4 2025 (-13.3% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is AES (AES) effective tax rate?: AES (AES) had an effective tax rate of 57.4% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.