AES CORP · Cogeneration Services & Small Power Producers

AES

Low riskNext report: Due any day

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The short version

A profitable company with growing sales.

Going well

Sales up 20% in the latest quarter vs a year ago
Raised its dividend (4.7% yield)
Profitable

Money moves

No insider buying or selling in the last 30 days
Institutions added 1.3% to their holdings in the quarter ending June 2026 (343 bought, 355 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$15.03+0.3% that day

Company value: $10.7B; Share price times all shares
Price vs profit (P/E): 5.7x; You pay about $6 for each $1 of yearly profit
Price vs sales: 0.82x; Company value is 0.82 times a year of sales
Dividend yield: 4.7%; Yearly dividend as a share of today's price
Cash vs value: 17%; Cash as a share of company value

From AES's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$3.4B+20% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $13.1B, up 8.5% from the 12 months before. Over 5 years, sales grew about 4.8% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of AES. Starting points are the company's recent numbers.

Sales growth+8% a yearRecently: +8.5% a yearProfit margin14%Last 12 months: 14.3%P/E at the end8xToday: 5.7x. Many steady companies trade at 12x to 25xShare count change+2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$19.2B

Profit in 5 years$2.7B

Price these guesses point to$27.27+81% vs $15.03 todayAbout +13% a year, before dividends

What today's price needs: with a 14% margin and a 8x P/E, sales could shrink about 4.1% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/6Weak

PassReturn on equity 15%+Earns a lot on the money owners have in the business.23.6%
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.7.4%
MissProfitable every yearSteady profits, not one good year.6 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$1.6B
MissShare count not growingNot diluting owners. Falling means buybacks.+6.9% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.18.1%

Revenue: $12.2B; -0.4% vs prior year
5-year growth: +4.8%/yr; revenue, per year
Current ratio: 0.77x; short-term assets / bills due
Free cash flow: -$1.6B; -13.3% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: debt under half of equity. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Nov 4, 2025

Revenue: $3.4B; +19.9% YoY
EPS: $0.60; vs -$0.15
Gross margin: 20.2%; +4.3 pts
Free cash flow: -$597.0M
Share count: +0.4%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.6
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+1.3%

Institutions added 1.3% to their holdings. 343 bought, 355 sold. 2 quarters of net buying in a row.

Shares held by institutions639.8M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+2.1%

Cash runwayAt last year's cash burn

Cash flow positive

Shares outstandingLatest reported

713M

Why low risk

Auditor change

Earnings reports

Last 12

Next reportDue any dayEstimated from the same quarter last year

Results filedNov 4, 2025
Results filedAug 1, 2025
Results filedMay 1, 2025
Results filedFeb 28, 2025
Results filedOct 31, 2024

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Auditor changeJul 27 · View filing ↗Watch

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Other company newsOct 19 · Form 8-K ↗Other company newsSep 17 · Form 8-K ↗Leadership changeSep 16 · Form 8-K ↗Other company newsAug 27 · Form 8-K ↗11-K/AAug 19 · Form 11-K/A ↗Major agreementAug 5 · Form 8-K ↗Quarterly reportAug 4 · Form 10-Q ↗Auditor changeJul 27 · Form 8-K ↗Shareholder vote resultsJun 26 · Form 8-K ↗11-KJun 25 · Form 11-K ↗11-KJun 25 · Form 11-K ↗Major agreementJun 16 · Form 8-K ↗FWPJun 12 · Form FWP ↗Offering prospectusJun 12 · Form 424B2 ↗Other company newsJun 12 · Form 8-K ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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