The AES Corporation (AES) - Net Assets

Latest as of December 2025: $11.93 Billion USD

Based on the latest financial reports, The AES Corporation (AES) has net assets worth $11.93 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($51.77 Billion) and total liabilities ($39.84 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check The AES Corporation asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets $11.93 Billion
% of Total Assets 23.04%
Annual Growth Rate 10.22%
5-Year Change 161.2%
10-Year Change 109.46%
Growth Volatility 47.43

The AES Corporation - Net Assets Trend (1994–2025)

This chart illustrates how The AES Corporation's net assets have evolved over time, based on quarterly financial data. Also explore AES total assets for the complete picture of this company's asset base.

Annual Net Assets for The AES Corporation (1994–2025)

The table below shows the annual net assets of The AES Corporation from 1994 to 2025. For live valuation and market cap data, see The AES Corporation market capitalisation.

Year Net Assets Change
2025-12-31 $11.93 Billion +54.84%
2024-12-31 $7.70 Billion +28.72%
2023-12-31 $5.99 Billion +32.88%
2022-12-31 $4.50 Billion -1.38%
2021-12-31 $4.57 Billion -3.24%
2020-12-31 $4.72 Billion -9.73%
2019-12-31 $5.23 Billion -6.69%
2018-12-31 $5.60 Billion +15.67%
2017-12-31 $4.84 Billion -14.93%
2016-12-31 $5.70 Billion -13.07%
2015-12-31 $6.55 Billion -10.57%
2014-12-31 $7.33 Billion -4.26%
2013-12-31 $7.65 Billion +1.82%
2012-12-31 $7.51 Billion -23.38%
2011-12-31 $9.81 Billion -5.82%
2010-12-31 $10.41 Billion +17.26%
2009-12-31 $8.88 Billion +26.37%
2008-12-31 $7.03 Billion +122.09%
2007-12-31 $3.16 Billion +10.32%
2006-12-31 $2.87 Billion -22.99%
2005-12-31 $3.72 Billion +21.30%
2004-12-31 $3.07 Billion +81.55%
2003-12-31 $1.69 Billion +428.35%
2002-12-31 $-515.00 Million -107.36%
2001-12-31 $6.99 Billion +40.45%
2000-12-31 $4.98 Billion +31.55%
1999-12-31 $3.79 Billion +23.05%
1998-12-31 $3.08 Billion +20.34%
1997-12-31 $2.56 Billion +173.66%
1996-12-31 $934.00 Million +36.15%
1995-12-31 $686.00 Million +17.29%
1994-12-31 $584.90 Million --

Equity Component Analysis

This analysis shows how different components contribute to The AES Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 290.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings $641.00 Million 9.31%
Common Stock $9.00 Million 0.13%
Other Comprehensive Income $-698.00 Million -10.14%
Other Components $6.93 Billion 100.70%
Total Equity $6.89 Billion 100.00%

The AES Corporation Competitors by Market Cap

The table below lists competitors of The AES Corporation ranked by their market capitalization.

Company Market Cap
MOL Nyrt.
BUD:MOL
 $10.13 Billion
PIRAEUS F.HL.ADR NEW 2021
F:BKP0
 $10.13 Billion
Maplebear Inc.
NASDAQ:CART
 $10.15 Billion
LG Corp
KO:003550
 $10.15 Billion
TTM Technologies Inc
NASDAQ:TTMI
 $10.12 Billion
JD LOGISTICS DL-000025
F:822
 $10.12 Billion
Shenzhen Kinwong Electronic Co Ltd
SHG:603228
 $10.11 Billion
Harel Insurance Investments & Financial Services Ltd
TA:HARL
 $10.09 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in The AES Corporation's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 3,644,000,000 to 6,887,000,000, a change of 3,243,000,000 (89.0%).
  • Net income of 949,000,000 contributed positively to equity growth.
  • Dividend payments of 501,000,000 reduced retained earnings.
  • New share issuances of 992,000,000 increased equity.
  • Other comprehensive income increased equity by 68,000,000.
  • Other factors increased equity by 1,735,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income $949.00 Million +13.78%
Dividends Paid $501.00 Million -7.27%
Share Issuances $992.00 Million +14.4%
Other Comprehensive Income $68.00 Million +0.99%
Other Changes $1.74 Billion +25.19%
Total Change $- 89.00%

Book Value vs Market Value Analysis

This analysis compares The AES Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.48x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 10.41x to 1.48x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 $1.37 $14.28 x
1995-12-31 $1.82 $14.28 x
1996-12-31 $2.31 $14.28 x
1997-12-31 $4.40 $14.28 x
1998-12-31 $4.87 $14.28 x
1999-12-31 $6.71 $14.28 x
2000-12-31 $10.23 $14.28 x
2001-12-31 $10.28 $14.28 x
2002-12-31 $-0.72 $14.28 x
2003-12-31 $1.10 $14.28 x
2004-12-31 $2.54 $14.28 x
2005-12-31 $2.48 $14.28 x
2006-12-31 $4.52 $14.28 x
2007-12-31 $4.67 $14.28 x
2008-12-31 $5.33 $14.28 x
2009-12-31 $6.98 $14.28 x
2010-12-31 $8.42 $14.28 x
2011-12-31 $7.69 $14.28 x
2012-12-31 $6.05 $14.28 x
2013-12-31 $5.79 $14.28 x
2014-12-31 $5.90 $14.28 x
2015-12-31 $4.57 $14.28 x
2016-12-31 $4.23 $14.28 x
2017-12-31 $3.73 $14.28 x
2018-12-31 $4.82 $14.28 x
2019-12-31 $4.49 $14.28 x
2020-12-31 $3.94 $14.28 x
2021-12-31 $4.20 $14.28 x
2022-12-31 $3.65 $14.28 x
2023-12-31 $3.49 $14.28 x
2024-12-31 $5.11 $14.28 x
2025-12-31 $9.67 $14.28 x

Capital Efficiency Dashboard

This dashboard shows how efficiently The AES Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 13.78%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.76%
  • • Asset Turnover: 0.24x
  • • Equity Multiplier: 7.52x
  • Recent ROE (13.78%) is above the historical average (10.75%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 24.94% 18.76% 0.28x 4.78x $59.90 Million
1995 19.49% 15.76% 0.29x 4.23x $52.10 Million
1996 17.34% 14.97% 0.23x 5.02x $52.90 Million
1997 12.49% 13.11% 0.16x 6.02x $36.90 Million
1998 17.34% 12.97% 0.22x 6.01x $131.60 Million
1999 8.65% 7.01% 0.16x 7.92x $-35.70 Million
2000 16.52% 12.81% 0.20x 6.45x $313.90 Million
2001 4.93% 4.33% 0.17x 6.63x $-280.90 Million
2002 0.00% -48.22% 0.22x 0.00x $-3.52 Billion
2003 32.40% 2.23% 0.31x 46.36x $144.50 Million
2004 12.71% 2.23% 0.32x 18.07x $44.50 Million
2005 33.54% 5.40% 0.35x 17.85x $388.10 Million
2006 8.60% 2.12% 0.39x 10.26x $-42.60 Million
2007 17.89% 4.17% 0.39x 10.89x $249.60 Million
2008 33.47% 7.64% 0.46x 9.49x $861.10 Million
2009 17.28% 5.80% 0.35x 8.46x $340.50 Million
2010 -0.85% -0.33% 0.41x 6.26x $-702.30 Million
2011 -0.46% -0.16% 0.38x 7.53x $-630.40 Million
2012 -20.31% -5.12% 0.43x 9.16x $-1.38 Billion
2013 6.14% 1.67% 0.39x 9.33x $-167.00 Million
2014 19.31% 4.82% 0.44x 9.12x $397.80 Million
2015 9.72% 2.17% 0.38x 11.70x $-8.90 Million
2016 -0.39% -0.11% 0.28x 12.93x $-290.40 Million
2017 -22.31% -5.24% 0.32x 13.43x $-796.50 Million
2018 31.30% 9.35% 0.33x 10.14x $683.20 Million
2019 10.08% 2.96% 0.30x 11.23x $2.40 Million
2020 1.63% 0.45% 0.28x 13.14x $-220.40 Million
2021 -14.76% -3.71% 0.34x 11.78x $-692.80 Million
2022 -22.40% -4.33% 0.33x 15.74x $-789.70 Million
2023 9.73% 1.91% 0.28x 18.01x $-6.80 Million
2024 46.27% 13.73% 0.26x 13.01x $1.32 Billion
2025 13.78% 7.76% 0.24x 7.52x $260.30 Million

Industry Comparison

This section compares The AES Corporation's net assets metrics with peer companies in the Utilities - Diversified industry.

Industry Context

  • Industry: Utilities - Diversified
  • Average net assets among peers: $16,990,047,167
  • Average return on equity (ROE) among peers: 8.78%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
The AES Corporation (AES) $11.93 Billion 24.94% 3.34x $10.13 Billion
Allete Inc (ALE) $630.50 Million 6.20% 1.27x $3.94 Billion
Avista Corporation (AVA) $859.22 Million 10.67% 13.62x $3.23 Billion
Brookfield Infrastructure Partners LP (BIP) $34.02 Billion 1.08% 1.96x $16.63 Billion
Companhia Energetica de Minas Gerais CEMIG Pref ADR (CIG) $28.57 Billion 16.81% 1.35x $4.97 Billion
Sempra Energy (SRE) $37.79 Billion 7.57% 1.54x $57.10 Billion
UNITIL Corporation (UTL) $79.20 Million 10.35% 3.76x $877.29 Million

About The AES Corporation

NYSE:AES USA Utilities - Diversified
Market Cap
$10.18 Billion
Market Cap Rank
#2215 Global
#800 in USA
Share Price
$14.28
Change (1 day)
-1.18%
52-Week Range
$9.63 - $17.28
All Time High
$27.22
Categories
Companies in USA Utilities - Diversified
About

The AES Corporation, together with its subsidiaries, operates as a power generation and utility company. It operates through four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to … Read more