Aes (AES) Return on Invested Capital [ROIC] (2009 - 2026)
Aes (AES) reported Return on Invested Capital [ROIC] of 6.15% for Q3 2026, up 1.52 percentage points from 4.63% a year earlier and up 0.27 percentage points from the prior quarter.
Aes (AES) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Aes posted Return on Invested Capital [ROIC] of 5.57%, down 0.07 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of -0.96 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 5.64% in FY2024 (+5.64 pp), 0.00% in FY2023 (-10.73 pp), 10.73% in FY2022 (-0.22 pp) and 10.95% in FY2021 (+4.42 pp).
- The Q3 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since Q3 2023.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last three quarters, with an average year-over-year change of +2.48 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q1 2022 (a gain of 7.75 percentage points); the low point was Q4 2023 (a drop of 9.94 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 5.88% (Q2 2026), 5.73% (Q1 2026) and 5.23% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 8.06% |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | - |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | 4.66% |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 5.00% |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 5.52% |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | - |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 5.76% |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | 5.06% |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | 7.17% |
| 10 | Aes | 10.65 Bn | 8.64 Bn | 982.00 Mn | 7.16% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.16% |
| Jun 30, 2026 | 6.79% |
| Mar 31, 2026 | 6.44% |
| Dec 31, 2025 | 5.85% |
| Sep 30, 2025 | 5.29% |
| Jun 30, 2025 | 2.29% |
| Mar 31, 2025 | 4.71% |
| Dec 31, 2024 | 5.60% |
| Sep 30, 2024 | 0.56% |
| Jun 30, 2024 | 2.57% |
| Mar 31, 2024 | 0.00% |
| Dec 31, 2023 | 0.00% |
| Sep 30, 2023 | 8.20% |
| Jun 30, 2023 | 9.15% |
| Mar 31, 2023 | 9.42% |
| Dec 31, 2022 | 9.50% |
| Sep 30, 2022 | 10.19% |
| Jun 30, 2022 | 9.90% |
| Mar 31, 2022 | 10.05% |
| Dec 31, 2021 | 10.02% |
Aes Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=AES&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=AES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();