SuperworthAES profit margin AES
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 14.3%
- Operating margin, 12 months
- 13.7%
- Net margin on a year earlier
- +6.7 pts
- Peer median
- 13.0%
Over the twelve months to Jun 30, 2026, AES kept 14.3% of its revenue as net profit, with an operating margin of 13.7% and a gross margin of 20.3%.
Five years earlier its net margin was −1.3%.
The median for 10 utility stocks of a similar size is 13.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 7.4% | 9.8% | 18.1% |
| FY2024 | 13.7% | 12.0% | 18.8% |
| FY2023 | 2.0% | 8.5% | 19.8% |
| FY2022 | −4.3% | 5.8% | 20.2% |
| FY2021 | −3.7% | 8.2% | 24.3% |
| FY2020 | 0.5% | 16.6% | 27.9% |
| FY2019 | 3.0% | 17.0% | 23.1% |
| FY2018 | 11.2% | 20.4% | 24.0% |
| FY2017 | −11.0% | n/a | 23.4% |
| FY2016 | −8.3% | n/a | 17.5% |
| FY2015 | 2.1% | 14.3% | 19.6% |
| FY2014 | 4.5% | 15.8% | 18.0% |
| FY2013 | 0.7% | 16.4% | 20.4% |
| FY2012 | −5.3% | 9.0% | 20.9% |
| FY2011 | 0.3% | n/a | 24.0% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 14.3% | +6.7 pts | 13.7% | |
| Q1 FY26 | 10.8% | +0.2 pts | 11.7% | |
| Q4 FY25 | 7.4% | −6.2 pts | 9.8% | |
| Q3 FY25 | 8.7% | −0.4 pts | 9.6% | |
| Q2 FY25 | 7.7% | +0.9 pts | 9.6% | |
| Q1 FY25 | 10.7% | +6.4 pts | 10.6% | |
| Q4 FY24 | 13.7% | +11.7 pts | 12.0% | |
| Q3 FY24 | 9.1% | +13.5 pts | 8.4% | |
| Q2 FY24 | 6.8% | +9.7 pts | 9.3% | |
| Q1 FY24 | 4.2% | +8.2 pts | 8.2% | |
| Q4 FY23 | 2.0% | +6.3 pts | 8.5% | |
| Q3 FY23 | −4.4% | −2.2 pts | 7.1% |
Against its peers
Companies in Utilities nearest AES' size, closest first, today.
| Company | Profit margin |
|---|---|
| AESAES | 14.3% |
| OGEOGE Energy | 14.4% |
| WTRGEssential Utilities | 21.6% |
| PNWPinnacle West Capital | 11.5% |
| UGIUGI | 9.2% |
| IDAIdacorp | 18.8% |
| NFGNational Fuel Gas | n/m |
| LNTAlliant Energy | 18.4% |
| BKHBlack Hills | 13.0% |
| TXNMTXNM Energy | 8.8% |
| NRGNRG Energy | 2.6% |
| Peer median | 13.0% |
Where AES ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on AES
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.