Aes (AES) Invested Capital (2009 - 2026)
Aes (AES) recorded Invested Capital of $44.05 billion in Q3 2026, up 12.2% from $39.26 billion a year earlier and up 5.2% from the prior quarter.
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Analysis
Aes (AES) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Aes reported Invested Capital of $36.13 billion, up 4.4% from FY2024.
- Annual Invested Capital has increased for four straight years, with a five-year compound annual growth rate of 11.3% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $34.61 billion in FY2024 (+6.4%), $32.53 billion in FY2023 (+34.9%), $24.11 billion in FY2022 (+23.4%) and $19.54 billion in FY2021 (-7.6%).
- The Q3 2026 figure is the highest quarterly Invested Capital in data going back to Q2 2009.
- On a year-over-year basis, Invested Capital has increased for 18 consecutive quarters, with growth averaging 9.0% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 44.4% in Q1 2024, against a decline of 7.6% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $41.89 billion (Q2 2026), $40.36 billion (Q1 2026) and $36.13 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 13.67 Bn |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | - |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | 183.08 Bn |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 134.79 Bn |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 150.33 Bn |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | 113.40 Bn |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 88.46 Bn |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | 54.70 Bn |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | 48.97 Bn |
| 10 | Aes | 10.65 Bn | 8.64 Bn | 982.00 Mn | 37.69 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 37.69 Bn |
| Jun 30, 2026 | 36.09 Bn |
| Mar 31, 2026 | 35.10 Bn |
| Dec 31, 2025 | 32.93 Bn |
| Sep 30, 2025 | 34.45 Bn |
| Jun 30, 2025 | 33.15 Bn |
| Mar 31, 2025 | 33.50 Bn |
| Dec 31, 2024 | 32.81 Bn |
| Sep 30, 2024 | 34.80 Bn |
| Jun 30, 2024 | 32.54 Bn |
| Mar 31, 2024 | 36.47 Bn |
| Dec 31, 2023 | 32.90 Bn |
| Sep 30, 2023 | 30.84 Bn |
| Jun 30, 2023 | 25.83 Bn |
| Mar 31, 2023 | 24.71 Bn |
| Dec 31, 2022 | 26.29 Bn |
| Sep 30, 2022 | 23.00 Bn |
| Jun 30, 2022 | 22.05 Bn |
| Mar 31, 2022 | 20.98 Bn |
| Dec 31, 2021 | 22.08 Bn |
API Access
Aes Invested Capital 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=invested-capital&ticker=AES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=AES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();