The AES Corporation Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	8,763	8,796	7,882	11,103	16,565	13,955
Market Cap Growth	23.32%	11.60%	-29.01%	-32.97%	18.70%	3.62%
Enterprise Value	40,979	39,916	36,212	35,187	36,959	32,314
PE Ratio	11.43	11.38	5.45	55.00	-35.07	-39.84
Forward PE	6.18	5.99	6.15	9.21	16.18	15.00
PEG Ratio	-	1.50	1.50	1.18	2.11	1.79
PS Ratio	0.84	0.83	0.75	1.02	1.52	1.45
PB Ratio	0.86	2.51	2.51	5.18	7.89	5.79
P/TBV Ratio	2.16	2.52	2.52	5.51	7.88	5.78
P/FCF Ratio	-	-6.29	-1.97	-2.75	-10.48	-75.72
P/OCF Ratio	2.39	2.37	3.33	4.25	7.08	8.52
EV/Sales Ratio	3.87	3.79	3.42	3.23	3.40	3.37
EV/EBITDA Ratio	13.57	13.52	12.78	12.03	12.57	10.42
EV/EBIT Ratio	24.14	23.53	20.75	18.17	18.33	14.74
EV/FCF Ratio	-29.65	-28.56	-9.06	-8.71	-23.37	-175.32
Debt / Equity Ratio	2.56	2.56	3.46	7.05	6.43	3.21
Debt / EBITDA Ratio	8.90	8.90	9.10	8.20	7.08	5.19
Debt / FCF Ratio	-18.80	-18.80	-6.45	-5.94	-13.16	-87.38
Net Debt / Equity Ratio	6.96	6.96	7.66	10.31	8.83	6.24
Net Debt / EBITDA Ratio	8.25	8.25	8.48	7.56	6.31	4.85
Net Debt / FCF Ratio	-17.42	-17.42	-6.01	-5.47	-11.72	-81.55
Asset Turnover	0.25	0.25	0.27	0.30	0.35	0.33
Inventory Turnover	16.63	16.63	15.27	11.50	8.14	8.97
Quick Ratio	0.46	0.46	0.43	0.37	0.68	0.31
Current Ratio	0.77	0.77	0.80	0.68	1.18	1.13
Return on Equity (ROE)	1.75%	1.95%	12.85%	-4.90%	-10.54%	-25.66%
Return on Assets (ROA)	21.23%	13.56%	4.10%	-8.17%	16.86%	8.48%
Return on Invested Capital (ROIC)	23.35%	14.91%	4.56%	-9.26%	18.90%	9.33%
Return on Capital Employed (ROCE)	4.80%	4.80%	5.48%	6.72%	7.79%	8.86%
Earnings Yield	8.75%	8.79%	18.34%	1.82%	-2.85%	-2.51%
FCF Yield	-15.77%	-15.89%	-50.70%	-36.38%	-9.55%	-1.32%
Dividend Yield	4.94%	4.91%	5.32%	3.45%	2.20%	2.48%
Payout Ratio	56.91%	55.67%	28.77%	178.31%	-77.29%	-98.04%
Total Shareholder Return	-	4.91%	5.32%	3.45%	2.20%	2.48%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.