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DC Infra·AES

The AES Corporation

NYSE · US

Independent power company and energy transition developer with generation, renewables, storage, and utility assets.

AI relevance

Power generation, renewables, and storage exposure tied to large-load clean energy procurement and grid capacity needs.

DC Infra IPP

Price

$14.62

Change

+0.01 (+0.07%)

Market cap

$10.4B

52w range

$10–$18

Exchange

NYSE

Country

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Price chart

AES market performance

Daily close for The AES Corporation

Latest close: $14.62
Range move: +$4.10 (+39.0%)
Range high: $17.28
Range low: $10.15
Latest volume: 10.3M
Source: FMP EOD

Downloads

Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

63 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetHold

Analyst expectations

Consensus target

$18.33

+25.4%

Target range

$16.00 - $23.00

Rating mix

Hold

21 ratings

Next FY revenue

$12.82B

2026-12-31

Next FY EPS

$2.32

$2.07 - $2.45

Rating consensus21 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$12.82B	$12.09B - $13.65B	$2.32	$2.07 - $2.45	$5.55B	$3.81B	$1.61B	$242.6M	2 rev / 2 EPS
2027-12-31	$13.51B	$12.23B - $14.57B	$2.45	$2.18 - $2.61	$5.85B	$4.01B	$1.72B	$255.5M	5 rev / 6 EPS
2028-12-31	$13.92B	$13.88B - $13.95B	$2.58	$2.33 - $2.84	$6.03B	$4.13B	$1.80B	$263.3M	5 rev / 3 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$3.09B	$3.09B - $3.09B	$0.54	$0.54 - $0.54	$1.34B	$916.5M	$386.1M	$58.4M	1 rev / 1 EPS
2026-09-30	$3.43B	$3.43B - $3.43B	$0.69	$0.69 - $0.69	$1.48B	$1.02B	$493.4M	$64.9M	1 rev / 1 EPS
2026-12-31	$3.15B	$3.15B - $3.15B	$0.68	$0.68 - $0.68	$1.36B	$933.8M	$486.2M	$59.5M	1 rev / 1 EPS
2027-03-31	$3.18B	$3.18B - $3.18B	$0.28	$0.28 - $0.28	$1.38B	$943.9M	$201.8M	$60.1M	1 rev / 1 EPS
2027-06-30	$3.18B	$3.18B - $3.18B	$0.53	$0.53 - $0.53	$1.38B	$943.8M	$381.2M	$60.1M	1 rev / 1 EPS
2027-09-30	$3.18B	$3.18B - $3.18B	$0.78	$0.78 - $0.78	$1.38B	$943.8M	$560.5M	$60.1M	1 rev / 1 EPS
2027-12-31	$3.18B	$3.18B - $3.18B	$0.85	$0.85 - $0.85	$1.38B	$943.8M	$604.8M	$60.1M	1 rev / 1 EPS
2028-03-31	$3.18B	$3.18B - $3.18B	$0.29	$0.29 - $0.29	$1.38B	$943.8M	$206.5M	$60.1M	1 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	0	$0.00
Last year	8	$18.00
All time	26	$23.25

Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2026-04-09	Susquehanna	Downgrade	Positive	Neutral
2026-03-26	Argus Research	Downgrade	Buy	Hold
2026-03-06	Morgan Stanley	Downgrade	Overweight	Equal Weight
2026-03-03	Mizuho	Downgrade	Outperform	Neutral
2026-02-27	Seaport Global	Upgrade	Sell	Neutral
2026-02-20	Morgan Stanley	Maintain	Overweight	Overweight
2026-02-04	Jefferies	Maintain	Hold	Hold
2026-02-04	Barclays	Downgrade	Overweight	Equal Weight

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-06-01	0	1	10	0	0
2026-05-01	0	1	10	0	0
2026-04-01	0	2	10	0	0
2026-03-01	2	4	9	0	1
2026-02-01	3	5	7	1	1
2026-01-01	3	5	4	1	1
2025-12-01	3	5	5	1	1
2025-11-01	3	4	5	2	1

FinancialsFY 2025

Financials

Revenue

$12.23B

Gross margin

18.1%

Operating income

$1.97B

Free cash flow

-$1.62B

Cash + ST investments

$2.25B

Net debt

$28.25B

ROE

13.8%

ROIC

4.2%

EV / sales

3.1x

EV / EBITDA

13.1x

R&D / revenue

0.0%

Current ratio

0.8x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$12.23B	$2.21B	18.1%	$0	$1.97B	$2.94B	$949.0M	$1.26
FY 2024	$12.28B	$2.32B	18.9%	$0	$2.03B	$3.67B	$1.69B	$2.38
FY 2023	$12.68B	$2.52B	19.8%	$0	$2.26B	$2.53B	$242.0M	$0.37
FY 2022	$12.62B	$2.55B	20.2%	$0	$2.34B	$1.94B	-$546.0M	$-0.82
FY 2021	$11.14B	$2.71B	24.3%	$0	$2.55B	$818.0M	-$413.0M	$-0.61
FY 2020	$9.66B	$2.69B	27.9%	$0	$2.53B	$2.53B	$43.0M	$0.07
FY 2019	$10.19B	$2.36B	23.2%	$0	$2.17B	$3.07B	$302.0M	$0.46
FY 2018	$10.74B	$2.58B	24.0%	$0	$2.39B	$4.03B	$1.00B	$1.82
FY 2017	$10.51B	$2.45B	23.3%	$0	$2.24B	$3.03B	-$550.0M	$-1.76
FY 2016	$10.17B	$2.33B	22.9%	$0	$2.13B	$2.39B	-$11.0M	$-1.72
FY 2015	$14.11B	$2.80B	19.8%	$0	$2.60B	$3.53B	$306.0M	$0.45
FY 2014	$17.11B	$3.07B	17.9%	$0	$2.88B	$4.15B	$825.0M	$1.07

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$4.31B	$5.93B	-$1.62B
FY 2024	$2.75B	$7.39B	-$4.64B
FY 2023	$3.03B	$7.72B	-$4.69B
FY 2022	$2.71B	$4.55B	-$1.84B
FY 2021	$1.90B	$2.12B	-$214.0M
FY 2020	$2.75B	$1.90B	$855.0M
FY 2019	$2.47B	$2.40B	$61.0M
FY 2018	$2.34B	$2.12B	$222.0M
FY 2017	$2.49B	$2.18B	$312.0M
FY 2016	$2.88B	$2.35B	$539.0M
FY 2015	$2.13B	$2.31B	-$174.0M
FY 2014	$1.79B	$2.02B	-$225.0M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$2.25B	$1.75B	$612.0M	$38.19B	$51.77B	$30.33B	$28.25B	$39.84B	$6.89B
FY 2024	$1.60B	$1.65B	$593.0M	$33.17B	$47.41B	$29.02B	$27.49B	$39.70B	$3.64B
FY 2023	$1.82B	$1.42B	$712.0M	$29.96B	$44.80B	$26.88B	$25.45B	$38.81B	$2.49B
FY 2022	$2.10B	$1.80B	$1.05B	$23.04B	$38.36B	$23.50B	$22.12B	$33.86B	$2.44B
FY 2021	$1.18B	$1.42B	$604.0M	$19.91B	$32.96B	$18.70B	$17.76B	$28.40B	$2.80B
FY 2020	$1.42B	$1.30B	$461.0M	$22.83B	$34.60B	$19.88B	$18.79B	$29.88B	$2.63B
FY 2019	$1.43B	$1.48B	$487.0M	$22.57B	$33.65B	$20.17B	$19.14B	$28.42B	$3.00B
FY 2018	$1.48B	$1.59B	$577.0M	$21.40B	$32.52B	$19.30B	$18.13B	$26.92B	$3.21B
FY 2017	$1.37B	$1.46B	$562.0M	$20.30B	$33.11B	$19.96B	$19.02B	$28.27B	$2.46B
FY 2016	$2.10B	$1.56B	$630.0M	$22.85B	$36.12B	$19.45B	$19.16B	$30.42B	$2.79B
FY 2015	$1.75B	$2.47B	$675.0M	$22.82B	$36.85B	$20.08B	$19.55B	$30.30B	$3.15B
FY 2014	$2.25B	$2.71B	$702.0M	$25.15B	$38.97B	$20.86B	$19.32B	$31.64B	$4.27B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	18.1%	16.1%	7.8%	0.8x	0.7x	13.8%	4.2%	3.1x	13.1x	-15.9%	0.0%	2d
FY 2024	18.9%	16.5%	13.7%	0.8x	0.7x	46.3%	4.5%	3.0x	10.0x	-51.1%	0.0%	-24d
FY 2023	19.8%	17.8%	1.9%	0.7x	0.6x	9.7%	-15.1%	3.0x	15.1x	-36.4%	0.0%	-47d
FY 2022	20.2%	18.6%	-4.3%	1.2x	1.0x	-22.4%	7.0%	3.3x	21.2x	-9.6%	0.0%	4d
FY 2021	24.3%	22.9%	-3.7%	1.1x	1.0x	-14.8%	7.6%	3.1x	41.6x	-1.3%	0.0%	23d
FY 2020	27.9%	26.2%	0.4%	1.0x	0.9x	1.6%	3.4%	3.5x	13.5x	5.5%	0.0%	13d
FY 2019	23.2%	21.3%	3.0%	1.0x	0.9x	10.1%	4.1%	3.2x	10.6x	0.5%	0.0%	15d
FY 2018	24.0%	22.2%	9.3%	1.1x	1.0x	31.3%	5.3%	2.6x	6.9x	2.3%	0.0%	21d
FY 2017	23.3%	21.3%	-5.2%	1.1x	1.0x	-22.3%	-1.3%	2.5x	8.6x	4.4%	0.0%	14d
FY 2016	22.9%	21.0%	-0.1%	1.2x	1.1x	-0.4%	5.7%	2.5x	10.8x	7.1%	0.0%	28d
FY 2015	19.8%	18.5%	2.2%	1.0x	0.9x	9.7%	5.5%	1.8x	7.2x	-2.7%	0.0%	26d
FY 2014	17.9%	16.8%	4.8%	1.1x	1.0x	19.3%	6.5%	1.7x	7.0x	-2.3%	0.0%	14d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	-0.4%	-4.5%	0.0%	-2.9%	-43.7%	-47.1%	+65.0%	+19.8%	+40.2%	+3.2%	+9.2%	+4.5%
FY 2024	-3.1%	-7.9%	0.0%	-10.3%	+596.7%	+543.2%	+1.1%	+4.3%	-12.0%	-16.7%	+5.8%	+8.0%
FY 2023	+0.5%	-1.3%	0.0%	-3.5%	+144.3%	+145.1%	-155.4%	-69.7%	-13.5%	-32.5%	+16.8%	+14.4%
FY 2022	+13.2%	-6.1%	0.0%	-8.1%	-32.2%	-34.4%	-757.9%	-115.1%	+79.1%	+74.7%	+16.4%	+25.7%
FY 2021	+15.3%	+0.7%	0.0%	+0.7%	-1060.5%	-971.4%	-125.0%	-11.4%	-17.5%	+31.0%	-4.7%	-5.9%
FY 2020	-5.2%	+14.1%	0.0%	+16.8%	-85.8%	-84.8%	+1301.6%	+21.0%	-0.3%	-5.3%	+2.8%	-1.4%
FY 2019	-5.1%	-8.5%	0.0%	-9.4%	-69.9%	-74.7%	-72.5%	-13.4%	-3.4%	-15.6%	+3.5%	+4.6%
FY 2018	+2.3%	+5.3%	0.0%	+6.9%	+282.5%	+203.4%	-28.8%	+2.6%	+7.7%	+2.7%	-1.8%	-3.4%
FY 2017	+3.3%	+5.4%	0.0%	+4.9%	-4900.0%	-2.3%	-42.1%	+7.2%	-34.7%	-10.8%	-8.3%	+2.6%
FY 2016	-27.9%	-17.0%	0.0%	-18.2%	-103.6%	-482.2%	+409.8%	-1.6%	+20.4%	-6.7%	-2.0%	-3.1%
FY 2015	-17.5%	-8.6%	0.0%	-9.5%	-62.9%	-57.9%	+22.7%	-14.5%	-22.3%	-3.8%	-5.4%	-3.7%
FY 2014	+7.7%	-5.5%	0.0%	-4.8%	+210.2%	+613.3%	-130.9%	-1.4%	-2.7%	+2.6%	-3.6%	-0.9%

SegmentsFY 2025

Revenue Mix

Period	Total	Electricity, Generation	Brazil - Generation	Electric Distribution	US - Generation	Energy Infrastructure	Utilities	Andes - Generation	MCAC - Generation	Renewables	UNITED STATES	ANDES	MCAC	EURASIA	Corporate Other And Other Eliminations	New Energy Technologies
FY 2025	$4.04B	--	--	--	--	--	$4.04B	--	--	--	--	--	--	--	--	--
FY 2024	$12.36B	--	--	--	--	$6.24B	$3.61B	--	--	$2.51B	--	--	--	--	--	$1.0M
FY 2023	$12.75B	--	--	--	--	$6.84B	$3.50B	--	--	$2.34B	--	--	--	--	--	$76.0M
FY 2022	$12.62B	$9.08B	--	$3.54B	--	--	--	--	--	--	--	--	--	--	--	--
FY 2021	$11.14B	$8.27B	--	$2.87B	--	--	--	--	--	--	--	--	--	--	--	--
FY 2020	$9.66B	$7.00B	--	$2.66B	--	--	--	--	--	--	--	--	--	--	--	--
FY 2019	$10.19B	$7.16B	--	$3.03B	--	--	--	--	--	--	--	--	--	--	--	--
FY 2018	$10.74B	$7.80B	--	$2.94B	--	--	--	--	--	--	--	--	--	--	--	--
FY 2017	$10.01B	--	--	--	--	--	--	--	--	--	$3.23B	$2.71B	$2.45B	$1.59B	$35.0M	--
FY 2016	$11.94B	--	$3.75B	--	$3.43B	--	--	$2.51B	$2.17B	--	--	--	--	--	$77.0M	--
FY 2015	$26.22B	--	$9.33B	--	$7.19B	--	--	$4.97B	$4.70B	--	--	--	--	--	$34.0M	--
FY 2014	$9.84B	--	$6.01B	--	$3.83B	--	--	--	--	--	--	--	--	--	--	--

Transcripts

Events

Next earnings

2026-07-30EPS est $0.54

Recent filings

8-K2026-06-16
8-K2026-06-12
424B22026-06-12

Latest news

AES Boosts Growth Through Renewable Energy and LNG Investments
Zacks Investment Research · 2026-06-19
Utility group AES fields complaints against its $33.4 billion proposed sale
Reuters · 2026-06-12

Analyst expectations

Consensus target

$18.33

+25.4%

Target range

$16.00 - $23.00

Rating mix

Hold

21 ratings

Next FY revenue

$12.82B

2026-12-31

Next FY EPS

$2.32

$2.07 - $2.45

Rating consensus21 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$12.82B	$12.09B - $13.65B	$2.32	$2.07 - $2.45	$5.55B	$3.81B	$1.61B	$242.6M	2 rev / 2 EPS
2027-12-31	$13.51B	$12.23B - $14.57B	$2.45	$2.18 - $2.61	$5.85B	$4.01B	$1.72B	$255.5M	5 rev / 6 EPS
2028-12-31	$13.92B	$13.88B - $13.95B	$2.58	$2.33 - $2.84	$6.03B	$4.13B	$1.80B	$263.3M	5 rev / 3 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$3.09B	$3.09B - $3.09B	$0.54	$0.54 - $0.54	$1.34B	$916.5M	$386.1M	$58.4M	1 rev / 1 EPS
2026-09-30	$3.43B	$3.43B - $3.43B	$0.69	$0.69 - $0.69	$1.48B	$1.02B	$493.4M	$64.9M	1 rev / 1 EPS
2026-12-31	$3.15B	$3.15B - $3.15B	$0.68	$0.68 - $0.68	$1.36B	$933.8M	$486.2M	$59.5M	1 rev / 1 EPS
2027-03-31	$3.18B	$3.18B - $3.18B	$0.28	$0.28 - $0.28	$1.38B	$943.9M	$201.8M	$60.1M	1 rev / 1 EPS
2027-06-30	$3.18B	$3.18B - $3.18B	$0.53	$0.53 - $0.53	$1.38B	$943.8M	$381.2M	$60.1M	1 rev / 1 EPS
2027-09-30	$3.18B	$3.18B - $3.18B	$0.78	$0.78 - $0.78	$1.38B	$943.8M	$560.5M	$60.1M	1 rev / 1 EPS
2027-12-31	$3.18B	$3.18B - $3.18B	$0.85	$0.85 - $0.85	$1.38B	$943.8M	$604.8M	$60.1M	1 rev / 1 EPS
2028-03-31	$3.18B	$3.18B - $3.18B	$0.29	$0.29 - $0.29	$1.38B	$943.8M	$206.5M	$60.1M	1 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	0	$0.00
Last year	8	$18.00
All time	26	$23.25

Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2026-04-09	Susquehanna	Downgrade	Positive	Neutral
2026-03-26	Argus Research	Downgrade	Buy	Hold
2026-03-06	Morgan Stanley	Downgrade	Overweight	Equal Weight
2026-03-03	Mizuho	Downgrade	Outperform	Neutral
2026-02-27	Seaport Global	Upgrade	Sell	Neutral
2026-02-20	Morgan Stanley	Maintain	Overweight	Overweight
2026-02-04	Jefferies	Maintain	Hold	Hold
2026-02-04	Barclays	Downgrade	Overweight	Equal Weight

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-06-01	0	1	10	0	0
2026-05-01	0	1	10	0	0
2026-04-01	0	2	10	0	0
2026-03-01	2	4	9	0	1
2026-02-01	3	5	7	1	1
2026-01-01	3	5	4	1	1
2025-12-01	3	5	5	1	1
2025-11-01	3	4	5	2	1

Financials

Revenue

$12.23B

Gross margin

18.1%

Operating income

$1.97B

Free cash flow

-$1.62B

Cash + ST investments

$2.25B

Net debt

$28.25B

ROE

13.8%

ROIC

4.2%

EV / sales

3.1x

EV / EBITDA

13.1x

R&D / revenue

0.0%

Current ratio

0.8x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$12.23B	$2.21B	18.1%	$0	$1.97B	$2.94B	$949.0M	$1.26
FY 2024	$12.28B	$2.32B	18.9%	$0	$2.03B	$3.67B	$1.69B	$2.38
FY 2023	$12.68B	$2.52B	19.8%	$0	$2.26B	$2.53B	$242.0M	$0.37
FY 2022	$12.62B	$2.55B	20.2%	$0	$2.34B	$1.94B	-$546.0M	$-0.82
FY 2021	$11.14B	$2.71B	24.3%	$0	$2.55B	$818.0M	-$413.0M	$-0.61
FY 2020	$9.66B	$2.69B	27.9%	$0	$2.53B	$2.53B	$43.0M	$0.07
FY 2019	$10.19B	$2.36B	23.2%	$0	$2.17B	$3.07B	$302.0M	$0.46
FY 2018	$10.74B	$2.58B	24.0%	$0	$2.39B	$4.03B	$1.00B	$1.82
FY 2017	$10.51B	$2.45B	23.3%	$0	$2.24B	$3.03B	-$550.0M	$-1.76
FY 2016	$10.17B	$2.33B	22.9%	$0	$2.13B	$2.39B	-$11.0M	$-1.72
FY 2015	$14.11B	$2.80B	19.8%	$0	$2.60B	$3.53B	$306.0M	$0.45
FY 2014	$17.11B	$3.07B	17.9%	$0	$2.88B	$4.15B	$825.0M	$1.07

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$4.31B	$5.93B	-$1.62B
FY 2024	$2.75B	$7.39B	-$4.64B
FY 2023	$3.03B	$7.72B	-$4.69B
FY 2022	$2.71B	$4.55B	-$1.84B
FY 2021	$1.90B	$2.12B	-$214.0M
FY 2020	$2.75B	$1.90B	$855.0M
FY 2019	$2.47B	$2.40B	$61.0M
FY 2018	$2.34B	$2.12B	$222.0M
FY 2017	$2.49B	$2.18B	$312.0M
FY 2016	$2.88B	$2.35B	$539.0M
FY 2015	$2.13B	$2.31B	-$174.0M
FY 2014	$1.79B	$2.02B	-$225.0M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$2.25B	$1.75B	$612.0M	$38.19B	$51.77B	$30.33B	$28.25B	$39.84B	$6.89B
FY 2024	$1.60B	$1.65B	$593.0M	$33.17B	$47.41B	$29.02B	$27.49B	$39.70B	$3.64B
FY 2023	$1.82B	$1.42B	$712.0M	$29.96B	$44.80B	$26.88B	$25.45B	$38.81B	$2.49B
FY 2022	$2.10B	$1.80B	$1.05B	$23.04B	$38.36B	$23.50B	$22.12B	$33.86B	$2.44B
FY 2021	$1.18B	$1.42B	$604.0M	$19.91B	$32.96B	$18.70B	$17.76B	$28.40B	$2.80B
FY 2020	$1.42B	$1.30B	$461.0M	$22.83B	$34.60B	$19.88B	$18.79B	$29.88B	$2.63B
FY 2019	$1.43B	$1.48B	$487.0M	$22.57B	$33.65B	$20.17B	$19.14B	$28.42B	$3.00B
FY 2018	$1.48B	$1.59B	$577.0M	$21.40B	$32.52B	$19.30B	$18.13B	$26.92B	$3.21B
FY 2017	$1.37B	$1.46B	$562.0M	$20.30B	$33.11B	$19.96B	$19.02B	$28.27B	$2.46B
FY 2016	$2.10B	$1.56B	$630.0M	$22.85B	$36.12B	$19.45B	$19.16B	$30.42B	$2.79B
FY 2015	$1.75B	$2.47B	$675.0M	$22.82B	$36.85B	$20.08B	$19.55B	$30.30B	$3.15B
FY 2014	$2.25B	$2.71B	$702.0M	$25.15B	$38.97B	$20.86B	$19.32B	$31.64B	$4.27B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	18.1%	16.1%	7.8%	0.8x	0.7x	13.8%	4.2%	3.1x	13.1x	-15.9%	0.0%	2d
FY 2024	18.9%	16.5%	13.7%	0.8x	0.7x	46.3%	4.5%	3.0x	10.0x	-51.1%	0.0%	-24d
FY 2023	19.8%	17.8%	1.9%	0.7x	0.6x	9.7%	-15.1%	3.0x	15.1x	-36.4%	0.0%	-47d
FY 2022	20.2%	18.6%	-4.3%	1.2x	1.0x	-22.4%	7.0%	3.3x	21.2x	-9.6%	0.0%	4d
FY 2021	24.3%	22.9%	-3.7%	1.1x	1.0x	-14.8%	7.6%	3.1x	41.6x	-1.3%	0.0%	23d
FY 2020	27.9%	26.2%	0.4%	1.0x	0.9x	1.6%	3.4%	3.5x	13.5x	5.5%	0.0%	13d
FY 2019	23.2%	21.3%	3.0%	1.0x	0.9x	10.1%	4.1%	3.2x	10.6x	0.5%	0.0%	15d
FY 2018	24.0%	22.2%	9.3%	1.1x	1.0x	31.3%	5.3%	2.6x	6.9x	2.3%	0.0%	21d
FY 2017	23.3%	21.3%	-5.2%	1.1x	1.0x	-22.3%	-1.3%	2.5x	8.6x	4.4%	0.0%	14d
FY 2016	22.9%	21.0%	-0.1%	1.2x	1.1x	-0.4%	5.7%	2.5x	10.8x	7.1%	0.0%	28d
FY 2015	19.8%	18.5%	2.2%	1.0x	0.9x	9.7%	5.5%	1.8x	7.2x	-2.7%	0.0%	26d
FY 2014	17.9%	16.8%	4.8%	1.1x	1.0x	19.3%	6.5%	1.7x	7.0x	-2.3%	0.0%	14d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	-0.4%	-4.5%	0.0%	-2.9%	-43.7%	-47.1%	+65.0%	+19.8%	+40.2%	+3.2%	+9.2%	+4.5%
FY 2024	-3.1%	-7.9%	0.0%	-10.3%	+596.7%	+543.2%	+1.1%	+4.3%	-12.0%	-16.7%	+5.8%	+8.0%
FY 2023	+0.5%	-1.3%	0.0%	-3.5%	+144.3%	+145.1%	-155.4%	-69.7%	-13.5%	-32.5%	+16.8%	+14.4%
FY 2022	+13.2%	-6.1%	0.0%	-8.1%	-32.2%	-34.4%	-757.9%	-115.1%	+79.1%	+74.7%	+16.4%	+25.7%
FY 2021	+15.3%	+0.7%	0.0%	+0.7%	-1060.5%	-971.4%	-125.0%	-11.4%	-17.5%	+31.0%	-4.7%	-5.9%
FY 2020	-5.2%	+14.1%	0.0%	+16.8%	-85.8%	-84.8%	+1301.6%	+21.0%	-0.3%	-5.3%	+2.8%	-1.4%
FY 2019	-5.1%	-8.5%	0.0%	-9.4%	-69.9%	-74.7%	-72.5%	-13.4%	-3.4%	-15.6%	+3.5%	+4.6%
FY 2018	+2.3%	+5.3%	0.0%	+6.9%	+282.5%	+203.4%	-28.8%	+2.6%	+7.7%	+2.7%	-1.8%	-3.4%
FY 2017	+3.3%	+5.4%	0.0%	+4.9%	-4900.0%	-2.3%	-42.1%	+7.2%	-34.7%	-10.8%	-8.3%	+2.6%
FY 2016	-27.9%	-17.0%	0.0%	-18.2%	-103.6%	-482.2%	+409.8%	-1.6%	+20.4%	-6.7%	-2.0%	-3.1%
FY 2015	-17.5%	-8.6%	0.0%	-9.5%	-62.9%	-57.9%	+22.7%	-14.5%	-22.3%	-3.8%	-5.4%	-3.7%
FY 2014	+7.7%	-5.5%	0.0%	-4.8%	+210.2%	+613.3%	-130.9%	-1.4%	-2.7%	+2.6%	-3.6%	-0.9%

Revenue Mix

Period	Total	UNITED STATES	BRAZIL	CHILE	DOMINICAN REPUBLIC	EL SALVADOR	COLOMBIA	BULGARIA	PANAMA	MEXICO	ARGENTINA	PUERTO RICO	UNITED KINGDOM	Philippines	VIET NAM	JORDAN	Vietnam	Kazakhstan	SRI LANKA	Cameroon	Ukraine	Hungary	Spain
FY 2024	$12.70B	$4.69B	$616.0M	$1.53B	$1.45B	$1.04B	$686.0M	$478.0M	$666.0M	$462.0M	$318.0M	$426.0M	--	--	$312.0M	$28.0M	--	--	--	--	--	--	--
FY 2023	$12.93B	$4.44B	$697.0M	$1.93B	$1.40B	$935.0M	$706.0M	$528.0M	$644.0M	$536.0M	$407.0M	$269.0M	--	--	$344.0M	$97.0M	--	--	--	--	--	--	--
FY 2022	$12.91B	$4.09B	$560.0M	$2.06B	$1.59B	$902.0M	$417.0M	$790.0M	$678.0M	$595.0M	$501.0M	$293.0M	--	--	$323.0M	$102.0M	--	--	--	--	--	--	--
FY 2021	$11.45B	$3.53B	$471.0M	$2.30B	$1.09B	$792.0M	$383.0M	$700.0M	$595.0M	$471.0M	$390.0M	$311.0M	$0	--	$320.0M	$98.0M	--	--	--	--	--	--	--
FY 2020	$9.96B	$3.24B	$401.0M	$2.09B	$896.0M	$666.0M	$358.0M	$444.0M	$519.0M	$349.0M	$308.0M	$298.0M	$0	$0	$285.0M	$96.0M	--	--	--	--	--	--	--
FY 2019	$10.48B	$3.23B	$525.0M	$1.84B	$877.0M	$824.0M	$472.0M	$459.0M	$601.0M	$402.0M	$373.0M	$294.0M	$147.0M	$0	--	$95.0M	$343.0M	$0	--	--	--	--	--
FY 2018	$10.99B	$3.46B	$527.0M	$2.09B	$884.0M	$768.0M	$428.0M	$426.0M	$438.0M	$399.0M	$487.0M	$257.0M	$390.0M	$93.0M	--	$95.0M	$245.0M	$0	--	--	--	--	--
FY 2017	$10.53B	$3.24B	$541.0M	$1.94B	$826.0M	$686.0M	$332.0M	$367.0M	$338.0M	$352.0M	$435.0M	$247.0M	$328.0M	$449.0M	--	$95.0M	$278.0M	$67.0M	--	--	--	--	--
FY 2016	$13.58B	$3.49B	$3.75B	$1.71B	$614.0M	$601.0M	$437.0M	$334.0M	$312.0M	$342.0M	$359.0M	$301.0M	$337.0M	$401.0M	--	$136.0M	$340.0M	$103.0M	$10.0M	--	--	--	--
FY 2015	$14.96B	$3.60B	$4.67B	$1.52B	$632.0M	$736.0M	$557.0M	$382.0M	$297.0M	$383.0M	$399.0M	$302.0M	$396.0M	$406.0M	--	$248.0M	$233.0M	$155.0M	$45.0M	$0	$0	--	--
FY 2014	$17.08B	$3.83B	$6.01B	$1.62B	$802.0M	$832.0M	$552.0M	$410.0M	$263.0M	$434.0M	$463.0M	$348.0M	$533.0M	$451.0M	--	$262.0M	$0	$161.0M	$107.0M	$0	$0	$0	$0
FY 2013	$15.82B	$3.63B	$5.01B	$1.57B	$832.0M	$860.0M	$523.0M	$422.0M	$250.0M	$440.0M	$545.0M	$328.0M	$558.0M	$497.0M	--	$142.0M	$0	$156.0M	$53.0M	$0	$0	$0	$0

Period	Total	UNITED STATES	BRAZIL	CHILE	DOMINICAN REPUBLIC	EL SALVADOR	COLOMBIA	BULGARIA	PANAMA	MEXICO	ARGENTINA	PUERTO RICO	UNITED KINGDOM	Philippines	VIET NAM	JORDAN	Vietnam	Kazakhstan	SRI LANKA	Cameroon	Ukraine	Hungary	Spain
FY 2024	$12.70B	$4.69B	$616.0M	$1.53B	$1.45B	$1.04B	$686.0M	$478.0M	$666.0M	$462.0M	$318.0M	$426.0M	--	--	$312.0M	$28.0M	--	--	--	--	--	--	--
FY 2023	$12.93B	$4.44B	$697.0M	$1.93B	$1.40B	$935.0M	$706.0M	$528.0M	$644.0M	$536.0M	$407.0M	$269.0M	--	--	$344.0M	$97.0M	--	--	--	--	--	--	--
FY 2022	$12.91B	$4.09B	$560.0M	$2.06B	$1.59B	$902.0M	$417.0M	$790.0M	$678.0M	$595.0M	$501.0M	$293.0M	--	--	$323.0M	$102.0M	--	--	--	--	--	--	--
FY 2021	$11.45B	$3.53B	$471.0M	$2.30B	$1.09B	$792.0M	$383.0M	$700.0M	$595.0M	$471.0M	$390.0M	$311.0M	$0	--	$320.0M	$98.0M	--	--	--	--	--	--	--
FY 2020	$9.96B	$3.24B	$401.0M	$2.09B	$896.0M	$666.0M	$358.0M	$444.0M	$519.0M	$349.0M	$308.0M	$298.0M	$0	$0	$285.0M	$96.0M	--	--	--	--	--	--	--
FY 2019	$10.48B	$3.23B	$525.0M	$1.84B	$877.0M	$824.0M	$472.0M	$459.0M	$601.0M	$402.0M	$373.0M	$294.0M	$147.0M	$0	--	$95.0M	$343.0M	$0	--	--	--	--	--
FY 2018	$10.99B	$3.46B	$527.0M	$2.09B	$884.0M	$768.0M	$428.0M	$426.0M	$438.0M	$399.0M	$487.0M	$257.0M	$390.0M	$93.0M	--	$95.0M	$245.0M	$0	--	--	--	--	--
FY 2017	$10.53B	$3.24B	$541.0M	$1.94B	$826.0M	$686.0M	$332.0M	$367.0M	$338.0M	$352.0M	$435.0M	$247.0M	$328.0M	$449.0M	--	$95.0M	$278.0M	$67.0M	--	--	--	--	--
FY 2016	$13.58B	$3.49B	$3.75B	$1.71B	$614.0M	$601.0M	$437.0M	$334.0M	$312.0M	$342.0M	$359.0M	$301.0M	$337.0M	$401.0M	--	$136.0M	$340.0M	$103.0M	$10.0M	--	--	--	--
FY 2015	$14.96B	$3.60B	$4.67B	$1.52B	$632.0M	$736.0M	$557.0M	$382.0M	$297.0M	$383.0M	$399.0M	$302.0M	$396.0M	$406.0M	--	$248.0M	$233.0M	$155.0M	$45.0M	$0	$0	--	--
FY 2014	$17.08B	$3.83B	$6.01B	$1.62B	$802.0M	$832.0M	$552.0M	$410.0M	$263.0M	$434.0M	$463.0M	$348.0M	$533.0M	$451.0M	--	$262.0M	$0	$161.0M	$107.0M	$0	$0	$0	$0
FY 2013	$15.82B	$3.63B	$5.01B	$1.57B	$832.0M	$860.0M	$523.0M	$422.0M	$250.0M	$440.0M	$545.0M	$328.0M	$558.0M	$497.0M	--	$142.0M	$0	$156.0M	$53.0M	$0	$0	$0	$0