Company / Working Capital
AES Corporation Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$2.0B
FY2025
5-year range
-$2.1B / $1.2B
FY2021-FY2025
Trend
-14.4%
vs FY2024
Sector context
#60 of 73
Utilities
What the data says
AES Corporation's working capital of -$2.0B is lower than 82% of companies in the Utilities sector (FY2025). Working Capital has fluctuated over the past 10 years, ranging from -$2.1B in FY2023 to $1.2B in FY2022.
Based on SEC 10-K filings.
-$2.0B in FY2025.
Improved from -$2.1B to -$2.0B over the past 2 years.
Utilities sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 18% in UtilitiesTop 82% of 73This company -$2.0B Sector average -$608.9M
▼
-226.8% below sector average
Key checks
Key Insights
- In FY2025, working capital decreased 14.4% year-over-year.
- Ranks #60 out of 73 companies in the Utilities sector.
- Peak working capital was recorded in FY2022.
- Lowest working capital in the period was 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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$2.0B | -14.4% |
| FY2024 | -$1.7B | +16.7% |
| FY2023 | -$2.1B | -281.3% |
| FY2022 | $1.2B | +84.6% |
| FY2021 | $624.0M | +1100.0% |
| FY2020 | $52.0M | -61.5% |
| FY2019 | $135.0M | -78.1% |
| FY2018 | $616.0M | +66.5% |
| FY2017 | $370.0M | -67.5% |
| FY2016 | $1.1B | +1456.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026