Aes (AES) FCF Margin (2017 - 2026)
Aes (AES) recorded FCF Margin of -17.86% in Q2 2026, down 4.90 percentage points from -12.96% a year earlier but up 1.30 percentage points from the prior quarter.
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Analysis
Aes (AES) FCF Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Aes' FCF Margin came in at -13.46% as of Jun 30, 2026, up 7.92 percentage points year-over-year; for FY2025, it was -13.27%, up 24.52 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -22.12 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at -37.79% in FY2024 (-0.77 pp), -37.02% in FY2023 (-22.47 pp), -14.55% in FY2022 (-12.63 pp) and -1.92% in FY2021 (-10.77 pp).
- Quarterly FCF Margin has ranged from -60.32% in Q1 2024 to 7.91% in Q3 2021 over the past five years.
- On a year-over-year basis, FCF Margin rose in six of the last eight quarters, with an average year-over-year change of +16.40 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 35.85 percentage points in Q1 2025, against a drop of 32.12 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -19.15% (Q1 2026), -1.52% (Q4 2025) and -14.62% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | - |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | -26.81% |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | -59.25% |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | -13.08% |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | -14.77% |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | 93.14% |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | -45.44% |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | -19.04% |
| 10 | Aes | 10.60 Bn | 8.61 Bn | 692.00 Mn | -17.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -17.86% |
| Mar 31, 2026 | -19.15% |
| Dec 31, 2025 | -1.52% |
| Sep 30, 2025 | -14.62% |
| Jun 30, 2025 | -12.96% |
| Mar 31, 2025 | -24.47% |
| Dec 31, 2024 | -21.57% |
| Sep 30, 2024 | -25.75% |
| Jun 30, 2024 | -43.95% |
| Mar 31, 2024 | -60.32% |
| Dec 31, 2023 | -57.41% |
| Sep 30, 2023 | -22.63% |
| Jun 30, 2023 | -42.39% |
| Mar 31, 2023 | -28.59% |
| Dec 31, 2022 | -25.29% |
| Sep 30, 2022 | -7.39% |
| Jun 30, 2022 | -15.76% |
| Mar 31, 2022 | -10.83% |
| Dec 31, 2021 | -2.13% |
| Sep 30, 2021 | 7.91% |
API Access
Aes FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=AES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "AES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=AES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();