The AES Corporation AESC NYSE

NYSE • Utilities • Diversified Utilities • US • USD

SharesGrow Score

48/100

1/6 Pass

SharesGrow Intrinsic Value

N/A

Negative cash flow

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

The AES Corporation (AESC) generated $4.31B in operating cash flow for fiscal year 2025. After capital expenditures of $5.93B, free cash flow was $-1.62B.

Free cash flow margin was -13.3% of revenue. Cash conversion ratio was 26.58x, indicating earnings are backed by cash.

Criteria supported by this page:

HEALTH (0/100, Fail) — weak cash flow raises concerns about debt servicing
MOAT (34/100, Fail) — limited free cash flow weakens the competitive position
INCOME (45/100) — Cash conversion ratio was 26.58x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 46/100 with 1/7 criteria passed.

SharesGrow 7-Criteria Score

48/100

SG Score

View full scorecard →

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VALUE

N/A

No coverage

✓

FUTURE

75/100

Analyst consensus

→ Forecast

PAST

75/100

→ Income

✗

HEALTH

0/100

Debt-to-Equity & liquidity

Proven by this page

✗

MOAT

34/100

Proven by this page

GROWTH

58/100

→ Income

INCOME

45/100

→ Income

The AES Corporation Cash Flow History

Metric	TTM	FY2025	FY2024	FY2023	FY2022
Operating Cash Flow	$4.85B	$4.31B	$2.75B	$3.03B	$2.72B
Capital Expenditure	$-7.18B	$-5.93B	$-7.39B	$-7.72B	$-4.55B
Free Cash Flow	$-2.33B	$-1.62B	$-4.64B	$-4.69B	$-1.84B