Company / Gross Margin
AES Corporation Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
18.1%
FY2025
5-year range
18.1% / 24.3%
FY2021-FY2025
Trend
-4.1%
vs FY2024
Sector context
#1 of 2
Utilities
What the data says
Gross Margin has fluctuated over the past 10 years, ranging from 18.1% in FY2025 to 24.3% in FY2023.
Based on SEC 10-K filings.
18.1% in FY2025 with a 5-year CAGR of -5.9%.
Declined from 24.3% to 18.1% over the past 2 years.
Utilities sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- -2.1pp
- 5-Year Change
- -5.9pp
- 10-Year Change
- -
Sector benchmark
Key checks
Key Insights
- In FY2025, gross margin decreased 4.1% year-over-year.
- Currently 4.9pp above the Utilities sector average.
- Peak gross margin was recorded in FY2023.
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 | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 18.1% | -4.1% |
| FY2024 | 18.9% | -22.5% |
| FY2023 | 24.3% | +20.5% |
| FY2022 | 20.2% | -17.0% |
| FY2021 | 24.3% | +1.5% |
| FY2020 | 24.0% | +2.4% |
| FY2019 | 23.4% | +1.0% |
| FY2018 | 23.2% | -1.0% |
| FY2017 | 23.4% | +1.0% |
| FY2016 | 23.2% | -2.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026