Aes (AES) Gross Margin (2017 - 2026)
Aes' Gross Margin was 20.22% in Q2 2026, up 4.36 percentage points from 15.87% a year earlier and up 0.10 percentage points from the prior quarter.
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Analysis
Aes (AES) Gross Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Aes' Gross Margin was 20.29% through Jun 30, 2026, up 3.37 percentage points year-over-year; for FY2025, it was 18.07%, down 0.77 percentage points from FY2024.
- Gross Margin has now declined for five consecutive years, with a five-year change of -9.80 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 18.85% in FY2024 (-0.92 pp), 19.77% in FY2023 (-0.43 pp), 20.19% in FY2022 (-4.14 pp) and 24.33% in FY2021 (-3.54 pp).
- Quarterly Gross Margin has moved between 14.18% (Q4 2024) and 26.73% (Q3 2023) over five years.
- Compared with a year earlier, Gross Margin has increased for three straight quarters, with an average year-over-year change of -0.15 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q1 2026 (a gain of 5.05 percentage points); the worst was Q4 2021 (a drop of 15.21 percentage points).
- Per Business Quant data, AES's Gross Margin in the three quarters before Q2 2026 was 20.13% (Q1 2026), 18.77% (Q4 2025) and 21.93% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | 39.24% |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | - |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | - |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | 73.06% |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | - |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | 75.47% |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | 99.07% |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | - |
| 10 | Aes | 10.60 Bn | 8.61 Bn | 692.00 Mn | 20.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.22% |
| Mar 31, 2026 | 20.13% |
| Dec 31, 2025 | 18.77% |
| Sep 30, 2025 | 21.93% |
| Jun 30, 2025 | 15.87% |
| Mar 31, 2025 | 15.07% |
| Dec 31, 2024 | 14.18% |
| Sep 30, 2024 | 21.95% |
| Jun 30, 2024 | 18.80% |
| Mar 31, 2024 | 20.06% |
| Dec 31, 2023 | 16.64% |
| Sep 30, 2023 | 26.73% |
| Jun 30, 2023 | 16.45% |
| Mar 31, 2023 | 18.34% |
| Dec 31, 2022 | 18.40% |
| Sep 30, 2022 | 24.59% |
| Jun 30, 2022 | 18.29% |
| Mar 31, 2022 | 18.58% |
| Dec 31, 2021 | 20.18% |
| Sep 30, 2021 | 25.03% |
API Access
Aes Gross 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=gross-margin&ticker=AES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=AES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();