Recent AES shows a gross margin of 21.3%, an operating margin of 14.9%, an EBITDA margin of 35%, and a net margin of 13.2%. Operating margin headed the improvement across the available margins, gaining by 4.6 percentage points.
AES margin history
Over the last 3 years, AES's margins averaged 19.12% gross, 10.75% operating, 31.51% EBITDA, and 9.05% net. All four current margins are above their three-year averages.
AES margin expansion
Year over year, gross, operating, EBITDA, and net margins all increased, with operating margin showing the largest gain at 4.6 percentage points.
AES Gross margin
AES's gross margin averaged 19.12% over the last 3 years. The current gross margin of 21.3% is 2.2 percentage points above its three-year average. Over the last 3 years, AES's gross margin peaked at 21.3% in Sep 2026 and reached a low of 16.9% in Jun 2025.
AES Operating margin
Across the last 3 years, AES's operating margin stood at 10.75%. The current operating margin stands at 14.9%, 4.2 percentage points above its three-year average. Operating margin was highest at 14.9% in Sep 2026 and lowest at 8.2% in Mar 2024.
AES EBITDA margin
AES recorded an average EBITDA margin of 31.51% across the last 3 years. The current EBITDA margin of 35% is 3.5 percentage points above its three-year average. AES's EBITDA margin ranged from a low of 23.5% in Dec 2023 to a high of 36.5% in Dec 2024.
AES Net margin
The average net margin for AES was 9.05% during the last 3 years. At present, the current net margin for AES is 13.2%, 4.2 percentage points above its three-year average. The net margin for AES moved between 2% in Dec 2023 and 14.3% in Jun 2026.
AES margin group comparison
AES's gross margin of 21.3% is lower than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 42.7%, AES's gross margin is 50% lower.
AES margin peer comparison
Frequently asked questions
What is AES's gross margin?
As of Sep 30, 2026, AES has a gross margin of 21.3%.
What is AES's operating margin?
For the period ending Sep 30, 2026, AES recorded an operating margin of 14.9%.
What is AES's EBITDA margin?
The current EBITDA margin for AES is 35% as of Sep 30, 2026.
What is AES's net margin?
The current net margin for AES is 13.2% as of Sep 30, 2026.
What are the average margins of AES?
Looking back over 3 years, AES recorded average margins of 19.1% gross, 10.8% operating, 31.5% EBITDA, and 9.1% net.
What are the highest historical margins of AES?
In the last 5 years, the highest margins reported by AES were 24.3% gross in Dec 2021, 14.9% operating in Sep 2026, 36.5% EBITDA in Dec 2024, and 14.3% net in Jun 2026.
What are the lowest historical margins of AES?
Within the 5-year period, AES recorded its lowest margins at 16.9% gross in Jun 2025, 5.8% operating in Dec 2022, 12.8% EBITDA in Dec 2021, and -4.4% net in Sep 2023.