Company / Capital Expenditures
AES Corporation Capital Expenditures History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Capital Expenditures
$5.9B
FY2025
5-year range
$2.1B / $7.4B
FY2021-FY2025
Trend
-19.8%
vs FY2024
Sector context
#11 of 60
Utilities
What the data says
AES Corporation's capital expenditures of $5.9B is higher than 82% of companies in the Utilities sector (FY2025). Capital Expenditures has fluctuated over the past 10 years, ranging from $2.1B in FY2023 to $7.4B in FY2024.
Based on SEC 10-K filings.
$5.9B in FY2025 with a 5-year CAGR of +22.8%. Top quartile in the Utilities sector.
Improved from $2.1B to $5.9B over the past 2 years.
Utilities sector context is included.
Capital Expenditures over time
Growth rates
- 3-Year CAGR
- +9.2%
- 5-Year CAGR
- +22.8%
- 10-Year CAGR
- -
Sector benchmark
+88.5% above sector average
Key checks
Key Insights
- 5-year CAGR of +22.8%, indicating consistent growth.
- In FY2025, capital expenditures decreased 19.8% year-over-year.
- Ranks #11 out of 60 companies in the Utilities sector.
- Peak capital expenditures was recorded in FY2024.
Company context
Key Data Points
- Altman Z-Score 0.25 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Capital ExpendituresValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $5.9B | -19.8% |
| FY2024 | $7.4B | +249.3% |
| FY2023 | $2.1B | -53.5% |
| FY2022 | $4.6B | +115.1% |
| FY2021 | $2.1B | -0.2% |
| FY2020 | $2.1B | -2.6% |
| FY2019 | $2.2B | -7.2% |
| FY2018 | $2.3B | +7.7% |
| FY2017 | $2.2B | -7.2% |
| FY2016 | $2.3B | +1.6% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026