The AES Corporation (AES) vs Black Hills Corporation (BKH)
A side-by-side comparison of The AES Corporation and Black Hills Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 4, 2026. Differences are shown without an overall score or investment verdict.
AES
The AES Corporation
$14.68UtilitiesDelayed quote: Aug 4, 2026, 10:40 AM EDT
BKH
Black Hills Corporation
$71.32UtilitiesDelayed quote: Aug 4, 2026, 10:40 AM EDT
Total return — AES vs BKH
growth of $100 · dividends reinvested · last 30yAES +197.1%BKH +1426.5%BKH compounded faster
Log scale — wide-divergence pair
AES BKH
AES vs BKH: by the numbers
- •AES is the larger company ($10.47B vs $5.43B market cap).
- •AES trades at the lower trailing earnings multiple (7.82 vs 18.55 P/E), one valuation lens rather than an overall verdict.
- •BKH converts more revenue to profit (12.61% vs 10.72% net margin).
- •BKH grew revenue faster over the past five years (4.97% vs 4.63% CAGR).
- •AES pays the higher dividend yield (4.78% vs 3.87%).
Metrics side by side
Valuation
| Metric | AES | BKH |
|---|---|---|
| P/E ratio | 7.82 | 18.55 |
| Forward P/E | 6.38 | 16.43 |
| P/S ratio | 0.84 | 2.36 |
| P/B ratio | 2.38 | 1.36 |
| PEG ratio | 0.10 | 8.50 |
| EV / EBITDA | 11.06 | 12.20 |
Profitability
| Metric | AES | BKH |
|---|---|---|
| Gross margin | 19.31% | 35.66% |
| Operating margin | 16.47% | 23.30% |
| Net margin | 10.72% | 12.61% |
| ROE | 30.27% | 7.31% |
| ROIC | 4.24% | 4.63% |
Dividends
| Metric | AES | BKH |
|---|---|---|
| Dividend yield | 4.78% | 3.87% |
| Payout ratio | 55.86% | 69.12% |
Growth (annualized)
| Metric | AES | BKH |
|---|---|---|
| Revenue CAGR (5Y) | 4.63% | 4.97% |
| EPS CAGR (5Y) | 78.27% | 1.80% |
| FCF CAGR (5Y) | N/A | 20.20% |
| Total return CAGR (5Y) | -5.53% | 4.50% |
Frequently asked
- Which has the lower trailing P/E, AES or BKH?
- AES has the lower trailing P/E: AES trades at 7.82 and BKH at 18.55. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, AES or BKH?
- Over the past five years, BKH grew revenue faster — AES at a 4.63% CAGR versus BKH at 4.97%.
- Does AES or BKH pay a bigger dividend?
- AES yields 4.78% and BKH yields 3.87% based on trailing dividends and the latest price.
- Is AES or BKH more profitable?
- BKH runs the higher net margin — AES at 10.72% versus BKH at 12.61%.
- How have AES and BKH total returns compared?
- Over the past 10 years, AES delivered 5.65% and BKH delivered 4.89% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
AES P/E ratioBlack Hills P/E ratioAES dividend yieldBlack Hills dividend yieldAES ROEBlack Hills ROEAES operating marginBlack Hills operating marginAES revenue growthBlack Hills revenue growthAES free cash flowBlack Hills free cash flow
AES & Black Hills appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 4, 2026.