AES CORP（AES）の決算・業績分析
AES CORPの2025年有価証券報告書をAI分析。売上高$12.2B(-0.4%)。Utilities。
目次
AES CORPの2025年度 業績サマリー
AES CORP（証券コード: AES）の2025年度決算・業績分析。売上高は$12.2B（前年比-0.4%）。純利益は$910M（前年比-45.8%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
AES CORPの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- AES Corp reported a 13.2% YoY revenue increase to $12.6B (XBRL), but net income fell 33.5% to -$546M (XBRL).
- Operating income turned negative at -$169M (XBRL), with operating margin collapsing to -1.3% (XBRL).
- Free cash flow was -$1.8B (XBRL) due to $4.6B in CapEx (XBRL), despite $2.7B in operating cash flow (XBRL).
- The company maintained a negative net margin of -4.3% (XBRL) and a current ratio of 0.79x (XBRL), signaling liquidity stress.
AES CORPの売上高変化の要因
- •Total revenue grew 13.2% YoY to $12.6B (XBRL), driven by renewables and energy storage projects, a 670 MW gas plant, and new PPAs (10-K). Segment revenues were: Renewables SBU ($2,510M), Utilities SBU ($3,608M), Energy Infrastructure SBU ($6,238M), New Energy Technologies SBU ($1M), and Corporate and Other ($162M) (10-K). Energy Infrastructure and New Energy Technologies segments partially offset growth (10-K).
AES CORPの営業利益変化の要因
- •Gross profit was $2.5B (20.2% margin) (XBRL), but operating income fell to -$169M (-1.3% margin) (XBRL). Cost of sales increased due to operational challenges in Colombia and lower Energy Infrastructure margins (10-K). Net income declined 33.5% YoY to -$546M (XBRL), driven by higher interest expenses despite lower impairments and foreign currency gains (10-K).
AES CORPの事業リスクと対応
Operational risks from power generation/distribution outages, equipment failure, fuel supply disruptions, and natural disasters (10-K).
Infrastructure limitations affecting production and costs (10-K).
High capital expenditures for aging facilities and maintenance (10-K).
Hazards from operations causing injury, environmental damage, or legal liability (10-K).
Litigation and regulatory proceedings with uncertain outcomes (10-K).
AES CORPの今後の見通し・業績予想
AES CORPの事業内容
AES Corp generates revenue through long-term power purchase agreements (PPAs) for renewable energy and utility services, targeting large corporations transitioning to clean energy (10-K). Key segments include renewable energy generation (solar, wind), utility services (AES Indiana and AES Ohio), and corporate energy solutions for data centers and mining companies (10-K). Competitive advantages include a 11.9 GW project backlog, strategic partnerships, and expertise in renewable energy transitions (10-K). No significant customer concentration is reported (10-K).
AES CORPのAI業績分析レポート（2024年度）
AES Corp FY2024 Annual Report Analysis
Highlights
Business Overview
AES Corp generates revenue through long-term PPAs for renewable energy and utility services, targeting data centers and mining companies (10-K). Key segments include renewables (solar, wind), utilities (AES Indiana, AES Ohio), and corporate energy solutions (10-K). Competitive advantages include a 11.9 GW project backlog and strategic partnerships (10-K). No significant customer concentration is reported (10-K).
Revenue Analysis
Total revenue grew 13.2% YoY to $12.6B (XBRL), driven by renewables, energy storage, and new PPAs (10-K). Segment revenues: Renewables SBU ($2,510M), Utilities SBU ($3,608M), Energy Infrastructure SBU ($6,238M), New Energy Technologies SBU ($1M), and Corporate and Other ($162M) (10-K). Energy Infrastructure and New Energy Technologies segments partially offset growth (10-K).
Profitability Analysis
Gross profit was $2.5B (20.2% margin) (XBRL), but operating income fell to -$169M (-1.3% margin) (XBRL). Cost of sales increased due to operational challenges in Colombia and lower Energy Infrastructure margins (10-K). Net income declined 33.5% YoY to -$546M (XBRL), driven by higher interest expenses despite lower impairments and foreign currency gains (10-K).
Balance Sheet Analysis
Equity ratio was 6.5% (XBRL), with total assets at $38.4B (XBRL) and equity at $2.5B (XBRL). Cash was $1.4B (XBRL), but current ratio was 0.79x (XBRL). ROE was -21.9% (XBRL) and ROA was -1.4% (XBRL).
Cash Flow Analysis
Operating cash flow was $2.7B (XBRL), but free cash flow was -$1.8B (XBRL) due to $4.6B in CapEx (XBRL). Investing cash flow was -$5.8B (XBRL), primarily from CapEx. Dividends paid totaled $422M (XBRL). Financing cash flow was $3.8B (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) was -13 days (XBRL), with receivables days at 41, inventory days at 26, and payables days at 80 (XBRL).
Risks
Outlook
Management expects continued renewable energy expansion but faces operational challenges in Colombia and strategic divestitures (10-K). No explicit forward-looking guidance was provided (10-K).
Utilitiesの企業一覧
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