Valuation, from the filing
| Public float | $7.49B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $10.51 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 8.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 0.6× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.8× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
8.2× earnings today, against a median of 9.0× across 5 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $7.49B | 8.2× | |
| 2024-06-30 | $12.49B | 7.4× | |
| 2023-06-30 | $13.88B | 55.7× | |
| 2020-06-30 | $9.42B | 204.8× | |
| 2018-06-30 | $10.87B | 9.0× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
AES CORP (AES) reported revenue of $13.05B and net income of $1.87B for the fiscal year ended 2026-06-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from AES CORP’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2026-06-30 |
|---|---|
| Revenue | $13.05B |
| Cost of revenue | $10.40B |
| Gross profit | $2.65B |
| Operating income | Unavailable |
| Net income | $1.87B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $749.00M |
| Income tax expense | -$378.00M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | Unavailable |
| General & administrative | $232.00M |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-06-30 |
|---|---|
| Cash & equivalents | $1.80B |
| Total assets | $54.24B |
| Current assets | $6.40B |
| Total liabilities | Unavailable |
| Current liabilities | $8.58B |
| Total equity incl. NCI | $9.77B |
| Temporary (mezzanine) equity | $3.05B |
| Inventory | $618.00M |
| Accounts receivable | $1.93B |
| Goodwill | $342.00M |
| Long-term debt | Unavailable |
| Accounts payable | $2.17B |
Cash flow
| Metric | 2026-06-30 |
|---|---|
| Operating cash flow | $5.03B |
| Capital expenditures | $6.75B |
| Investing cash flow | -$6.59B |
| Financing cash flow | $1.75B |
| Net change in cash | $182.00M |
| Stock-based compensation | Unavailable |
| Common dividends paid | $502.00M |
| Common share repurchases | Unavailable |
| Depreciation & amortization | $831.00M |
Derived
| Metric | 2026-06-30 |
|---|---|
| Free cash flow | -$1.72B |
| Gross margin | 20.3% |
| Operating margin | Unavailable |
| FCF margin | -13.2% |
| SBC / revenue | Unavailable |
| Current ratio | 0.75x |
| Revenue YoY growth | 8.5% |
| Net margin | 14.3% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 51.7% |
| Long-term debt / equity | Unavailable |
| Effective tax rate | -50.5% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open AES in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.