The AES Corporation (AES) — Capital Reinvestment Ratio
Latest as of March 2026:
1.47x
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 The AES Corporation free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
1.47x
Capex / Operating Cash Flow
Operating Cash Flow
$1.20 Billion
USD
Capital Expenditures
$1.77 Billion
USD
Data as of
Mar 2026
Most recent filing
The AES Corporation Capital Reinvestment Ratio (1994–2025)
This chart tracks The AES Corporation's Capital Reinvestment Ratio across 32 annual periods.
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 AES market cap.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow