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03Detailed Report
0H6G.L
The AES Corporation
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 26, 2026
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Executive Summary
In Q4 2024, The AES Corporation (0H6G.L) experienced a strong rebound in net income, skyrocketing to $560 million, up 695.74% year-over-year (YoY), although overall revenue saw a slight decline of 0.20% YoY to $2.962 billion, a decrease of 9.94% quarter-over-quarter (QoQ). This significant rise in net income reflects effective cost management and operational efficiencies implemented throughout the year. Additionally, EBITDA margins remained robust, indicating the company’s strong cash flow generation capabilities despite revenue contraction. Management emphasized a strategic focus on renewable energy development and customer engagement, positioning AES as a frontrunner in the evolving utilities landscape.
Key Performance Indicators
Revenue
Decreasing
2.96B
QoQ: -9.94% | YoY: -0.20%
Gross Profit
Decreasing
420.00M
14.18% margin
QoQ: -41.75% | YoY: -14.98%
Operating Income
Decreasing
330.00M
QoQ: -50.30% | YoY: -23.26%
Net Income
Increasing
560.00M
QoQ: 29.63% | YoY: 695.74%
EPS
Increasing
0.79
QoQ: 9.72% | YoY: 626.67%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue for Q4 2024 stood at $2.962 billion, a minor decline of 0.20% YoY and a significant drop of 9.94% QoQ. Gross profit fell 14.98% YoY to $420 million with a gross profit margin of 14.14%. Operating income decreased by 23.26% YoY, resulting in an operating income of $330 million, while net income surged dramatically due to lower tax expenses, showcasing a 29.63% increase QoQ. The EBITDA margin remained strong at approximately 32.38%, signifying solid operational efficiency. The cash flow from operations totaled $1.088 billion, reflecting strong cash generation capabilities despite significant capital expenditures of $1.727 billion. Comparatively, AES outperformed its primary competitors by maintaining a healthier net income ratio than many in the sector.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
2.96B
-0.20%
-9.94%
Gross Profit
420.00M
-14.98%
-41.75%
Operating Income
330.00M
-23.26%
-50.30%
Net Income
560.00M
695.74%
29.63%
EPS
0.79
626.67%
9.72%
Key Financial Ratios
Gross Profit Margin
Weak
14.20%
Gross profit margin is below industry norms, profitability concerns
Operating Profit Margin
Fair
11.10%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Good
18.90%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Weak
1.18%
Return on assets suggests inefficient capital allocation
Return on Equity
Good
12.20%
Return on equity shows solid performance and effective asset utilization
Current Ratio
Concern
0.80
Current ratio below safe levels, potential liquidity risk
Debt to Equity
High Risk
6.42
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Value
4.08x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Fair Value
1.99x
Price-to-book ratio reasonable for profitable companies
Management Insights Available for Members
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