The AES Corporation (AES) — Capital Reinvestment Ratio
The AES Corporation (AES) has a Capital Reinvestment Ratio of 1.47x as of March 2026, meaning it reinvests 1% of its operating cash flow ($1.20 Billion) in capital expenditures ($1.77 Billion). See AES equity financing ratio to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
The AES Corporation Capital Reinvestment Ratio (1994–2025)
This chart tracks The AES Corporation's Capital Reinvestment Ratio across 32 annual periods. Check AES capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for The AES Corporation (1994–2025)
Year-by-year Capital Reinvestment Ratio for The AES Corporation from 1994 to 2025. For live market cap and broader valuation context, see The AES Corporation market cap and net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.38x | $4.31 Billion | $5.93 Billion | ▼ -48.7% |
| 2024 | 2.69x | $2.75 Billion | $7.39 Billion | ▲ +5.5% |
| 2023 | 2.55x | $3.03 Billion | $7.72 Billion | ▲ +51.9% |
| 2022 | 1.68x | $2.71 Billion | $4.55 Billion | ▲ +50.7% |
| 2021 | 1.11x | $1.90 Billion | $2.12 Billion | ▲ +61.3% |
| 2020 | 0.69x | $2.75 Billion | $1.90 Billion | ▼ -29.3% |
| 2019 | 0.98x | $2.47 Billion | $2.40 Billion | ▲ +7.7% |
| 2018 | 0.91x | $2.34 Billion | $2.12 Billion | ▲ +3.5% |
| 2017 | 0.87x | $2.49 Billion | $2.18 Billion | ▲ +7.6% |
| 2016 | 0.81x | $2.88 Billion | $2.35 Billion | ▼ -24.8% |
| 2015 | 1.08x | $2.13 Billion | $2.31 Billion | ▼ -3.9% |
| 2014 | 1.13x | $1.79 Billion | $2.02 Billion | ▲ +53.7% |
| 2013 | 0.73x | $2.71 Billion | $1.99 Billion | ▼ -5.0% |
| 2012 | 0.77x | $2.90 Billion | $2.24 Billion | ▼ -8.5% |
| 2011 | 0.84x | $2.88 Billion | $2.43 Billion | ▲ +28.0% |
| 2010 | 0.66x | $3.51 Billion | $2.31 Billion | ▼ -42.2% |
| 2009 | 1.14x | $2.21 Billion | $2.52 Billion | ▼ -13.2% |
| 2008 | 1.31x | $2.17 Billion | $2.84 Billion | ▲ +27.5% |
| 2007 | 1.03x | $2.36 Billion | $2.42 Billion | ▲ +69.9% |
| 2006 | 0.61x | $2.41 Billion | $1.46 Billion | ▲ +14.7% |
| 2005 | 0.53x | $2.17 Billion | $1.14 Billion | ▼ -7.0% |
| 2004 | 0.57x | $1.57 Billion | $892.00 Million | ▼ -24.1% |
| 2003 | 0.75x | $1.64 Billion | $1.23 Billion | ▼ -46.7% |
| 2002 | 1.40x | $1.51 Billion | $2.12 Billion | ▼ -25.2% |
| 2001 | 1.88x | $1.69 Billion | $3.17 Billion | ▼ -59.9% |
| 2000 | 4.68x | $459.00 Million | $2.15 Billion | ▲ +10.6% |
| 1999 | 4.23x | $197.00 Million | $834.00 Million | ▲ +332.4% |
| 1998 | 0.98x | $528.00 Million | $517.00 Million | ▼ -63.0% |
| 1997 | 2.65x | $193.00 Million | $511.00 Million | ▼ -4.8% |
| 1996 | 2.78x | $182.00 Million | $506.00 Million | ▲ +246.6% |
| 1995 | 0.80x | $197.00 Million | $158.00 Million | ▲ +1251.9% |
| 1994 | 0.06x | $163.50 Million | $9.70 Million | — |