Aes (AES) Invested Capital (2009 - 2026)
Aes (AES) recorded Invested Capital of $13.23 billion in Q2 2026, up 16.1% from $11.4 billion a year earlier and up 5.4% 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 (+25.8%), $25.87 billion in FY2022 (+32.4%) and $19.54 billion in FY2021 (-7.6%).
- Quarterly Invested Capital has ranged from $9.02 billion in Q3 2023 to $36.13 billion in Q4 2025 over the past five years.
- On a year-over-year basis, Invested Capital has increased for three consecutive quarters, with growth averaging 26.8% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 295.7% in Q3 2024, against a decline of 65.1% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $12.56 billion (Q1 2026), $36.13 billion (Q4 2025) and $12.79 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 292.57 Bn | 292.57 Bn | 890.00 Mn | - |
| 2 | National Grid | 78.85 Bn | 60.37 Bn | - | 46.75 Bn |
| 3 | Dominion Energy | 53.27 Bn | 55.95 Bn | - | 86.84 Bn |
| 4 | Xcel Energy | 44.01 Bn | 38.91 Bn | - | 63.51 Bn |
| 5 | Wec Energy | 32.84 Bn | 33.08 Bn | 1.51 Bn | 36.70 Bn |
| 6 | Ameren | 27.51 Bn | 27.59 Bn | - | 35.62 Bn |
| 7 | Fortis | 26.81 Bn | 27.29 Bn | 1.60 Bn | 45.87 Bn |
| 8 | Atmos Energy | 26.44 Bn | 25.21 Bn | 870.85 Mn | 25.07 Bn |
| 9 | American Water Works Company | 25.73 Bn | 25.14 Bn | - | 25.71 Bn |
| 10 | Aes | 10.63 Bn | 8.65 Bn | 692.00 Mn | 13.23 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.23 Bn |
| Mar 31, 2026 | 12.56 Bn |
| Dec 31, 2025 | 36.13 Bn |
| Sep 30, 2025 | 12.79 Bn |
| Jun 30, 2025 | 11.40 Bn |
| Mar 31, 2025 | 11.89 Bn |
| Dec 31, 2024 | 34.61 Bn |
| Sep 30, 2024 | 35.67 Bn |
| Jun 30, 2024 | 32.68 Bn |
| Mar 31, 2024 | 10.31 Bn |
| Dec 31, 2023 | 32.53 Bn |
| Sep 30, 2023 | 9.02 Bn |
| Jun 30, 2023 | 25.83 Bn |
| Mar 31, 2023 | 24.71 Bn |
| Dec 31, 2022 | 25.87 Bn |
| Sep 30, 2022 | 23.00 Bn |
| Jun 30, 2022 | 22.05 Bn |
| Mar 31, 2022 | 20.98 Bn |
| Dec 31, 2021 | 19.54 Bn |
| Sep 30, 2021 | 22.38 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();