The AES Corporation (AES) Return on Invested Capital (ROIC): 4.24%
Is The AES Corporation’s return on invested capital (ROIC) high or low?
The AES Corporation's return on invested capital (ROIC) of 4.24% is 122% above its 5-year average of 1.91%, near the high end of its 5-year range (-15.13%–7.55%).
As of Saturday, June 20, 2026. 2.53% below its 12-month average of 4.35%.
AES Return on Invested Capital (ROIC) Chart
AES Average Return on Invested Capital (ROIC) Chart
AES Current vs Average Return on Invested Capital (ROIC) Chart
AES Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
4.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
0.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
1.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.83%
CURRENT VS TTM AVG
-2.53%
CURRENT VS 3Y AVG
+3100.00%
CURRENT VS 5Y AVG
+122.18%
CURRENT VS 10Y AVG
+52.17%
CURRENT VS 15Y AVG
-22.80%
CURRENT VS 20Y AVG
-27.29%
AES Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The AES Corporation (AES) | $10.43B | 4.24% | 4.35% | 0.13% | 1.91% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.69B | 1.03% | 0.55% | 1.20% | 0.71% |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 1.08% | 1.24% | 3.55% | 3.27% |
| Black Hills Corporation (BKH)vs › | $5.54B | 4.63% | 4.69% | 4.70% | 4.72% |
| Alliant Energy Corporation (LNT)vs › | $18.85B | 4.12% | 4.10% | 4.40% | 4.42% |
| Talen Energy Corporation (TLN)vs › | $19.81B | -0.72% | 1.46% | 1.71% | -0.86% |
| NiSource Inc. (NI)vs › | $22.66B | 4.51% | 4.33% | 4.19% | 3.63% |
| CMS Energy Corporation (CMS)vs › | $22.67B | 3.67% | 3.70% | 3.60% | 3.68% |
| American Water Works Company, Inc. (AWK)vs › | $24.42B | 4.21% | 4.23% | 4.13% | 4.06% |
| Eversource Energy (ES)vs › | $26.17B | 4.68% | 3.93% | 3.96% | 3.80% |
Capital Efficiency
ROIC
4.2%
ROE
30.3%
The AES Corporation Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
The AES Corporation Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for The AES Corporation (AES)?
- The return on invested capital (ROIC) for AES stock is 4.24%.
- Is The AES Corporation's return on invested capital (ROIC) high or low?
- The AES Corporation's return on invested capital (ROIC) of 4.24% is 122% above its 5-year average of 1.91%, near the high end of its 5-year range (-15.13%–7.55%).
- What is the TTM average return on invested capital (ROIC) for The AES Corporation (AES)?
- The TTM average return on invested capital (ROIC) for AES stock is 4.35%.
- What is the 3Y average return on invested capital (ROIC) for The AES Corporation (AES)?
- The 3Y average return on invested capital (ROIC) for AES stock is 0.13%.
- What is the 5Y average return on invested capital (ROIC) for The AES Corporation (AES)?
- The 5Y average return on invested capital (ROIC) for AES stock is 1.91%.
- What is the 10Y average return on invested capital (ROIC) for The AES Corporation (AES)?
- The 10Y average return on invested capital (ROIC) for AES stock is 2.79%.
- What is the 15Y average return on invested capital (ROIC) for The AES Corporation (AES)?
- The 15Y average return on invested capital (ROIC) for AES stock is 5.49%.
- What is the 20Y average return on invested capital (ROIC) for The AES Corporation (AES)?
- The 20Y average return on invested capital (ROIC) for AES stock is 5.83%.
The AES Corporation Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 4.24% |
| 2024-12-31 | 4.46% |
| 2023-12-31 | -15.13% |
| 2022-12-31 | 6.96% |
| 2021-12-31 | 7.55% |
| 2020-12-31 | 3.37% |
| 2019-12-31 | 4.10% |
| 2018-12-31 | 5.26% |
| 2017-12-31 | -1.34% |
| 2016-12-31 | 5.72% |
| 2015-12-31 | 5.46% |
| 2014-12-31 | 6.48% |
| 2013-12-31 | 5.89% |
| 2012-12-31 | -9.17% |
| 2011-12-31 | 6.81% |
| 2010-12-31 | 5.10% |
| 2009-12-31 | 6.49% |
| 2008-12-31 | 7.86% |
| 2007-12-31 | 5.79% |
| 2006-12-31 | 7.32% |
| 2005-12-31 | 6.10% |
| 2004-12-31 | 5.46% |
| 2003-12-31 | 7.50% |
| 2002-12-31 | 3.92% |
| 2001-12-31 | 2.90% |
| 2000-12-31 | 3.87% |
| 1999-12-31 | 3.26% |
| 1998-12-31 | 5.01% |
| 1997-12-31 | 3.35% |
| 1996-12-31 | 16.41% |
Related Metrics
About The AES Corporation
The AES Corporation operates as an international enterprise primarily focused on electricity generation and distribution. Its activities involve both the ownership and management of power plants, producing and supplying electricity to a diverse clientele that includes other utility companies, large industrial consumers, and various intermediate purchasers. Beyond generation, AES also functions as a utility provider, managing infrastructure to either produce or acquire, then transmit, distribute, and ultimately sell power directly to end-users across residential, commercial, industrial, and governmental sectors. The company is also an active participant in the wholesale electricity market. For power production, AES utilizes a broad spectrum of energy sources and advanced technologies. This includes conventional fuels like coal and natural gas, as well as a significant commitment to renewables such as hydroelectric, wind, solar, and biomass. Its renewable portfolio further incorporates energy storage solutions and landfill gas. With an operational generation capacity of approximately 31,459 megawatts, the company maintains a substantial global presence, conducting business in the United States, Puerto Rico, various nations across Central and South America (including El Salvador, Chile, Colombia, Argentina, Brazil, Mexico), the Caribbean, Europe, and Asia. Founded in 1981, the company was initially named Applied Energy Services, Inc., before officially rebranding to The AES Corporation in April 2000. Its corporate headquarters are located in Arlington, Virginia.
- Sector
- Utilities
- Industry
- Independent Power Producers
- CEO
- Andres Ricardo Gluski Weilert