Aes (AES) Gross Margin (2009 - 2026)
Aes' Gross Margin was 25.36% in Q3 2026, up 3.43 percentage points from 21.93% a year earlier and up 5.14 percentage points from the prior quarter.
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Analysis
Aes (AES) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Aes' Gross Margin was 21.33% through Sep 30, 2026, up 4.39 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).
- The Q3 2026 figure marks the highest quarterly Gross Margin since Q3 2023.
- Compared with a year earlier, Gross Margin has increased for four straight quarters, with an average year-over-year change of +0.88 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 Q3 2026 was 20.22% (Q2 2026), 20.13% (Q1 2026) and 18.77% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 66.77% |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | 38.33% |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | - |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 82.63% |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 69.93% |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | - |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 69.45% |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | - |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | - |
| 10 | Aes | 10.65 Bn | 8.64 Bn | 982.00 Mn | 25.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.36% |
| 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% |
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();