Recent AES shows a gross margin of 20.3%, an operating margin of 14.2%, an EBITDA margin of 34.9%, and a net margin of 14.3%. Net margin headed the improvement across the available margins, gaining by 6.6 percentage points.
AES margin history
Over the last 3 years, AES's margins averaged 18.92% gross, 10.37% operating, 31.19% EBITDA, and 8.67% 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 net margin showing the largest gain at 6.6 percentage points.
AES Gross margin
AES's gross margin averaged 18.92% over the last 3 years. The current gross margin of 20.3% is 1.4 percentage points above its three-year average. Over the last 3 years, AES's gross margin peaked at 20.8% in Jun 2024 and reached a low of 16.9% in Jun 2025.
AES Operating margin
Across the last 3 years, AES's operating margin stood at 10.37%. The current operating margin stands at 14.2%, 3.8 percentage points above its three-year average. Operating margin was highest at 14.2% in Jun 2026 and lowest at 8.2% in Mar 2024.
AES EBITDA margin
AES recorded an average EBITDA margin of 31.19% across the last 3 years. The current EBITDA margin of 34.9% is 3.7 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 8.67% during the last 3 years. At present, the current net margin for AES is 14.3%, 5.6 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 20.3% is lower than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 42.8%, AES's gross margin is 53% lower.
AES margin peer comparison
Frequently asked questions
What is AES's gross margin?
As of Jun 30, 2026, AES has a gross margin of 20.3%.
What is AES's operating margin?
For the period ending Jun 30, 2026, AES recorded an operating margin of 14.2%.
What is AES's EBITDA margin?
The current EBITDA margin for AES is 34.9% as of Jun 30, 2026.
What is AES's net margin?
The current net margin for AES is 14.3% as of Jun 30, 2026.
What are the average margins of AES?
Looking back over 3 years, AES recorded average margins of 18.9% gross, 10.4% operating, 31.2% EBITDA, and 8.7% 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, 14.2% operating in Jun 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.