AES vs NRG
AES (AES) and NRG Energy (NRG) compared side by side. NRG Energy (NRG) is larger, with a market cap of $19.4B versus $10.7B for AES, about 1.8 times the size. On trailing earnings, AES is cheaper at 5.6x versus 24.2x for NRG.
Head to head
| Metric | AES | NRG |
|---|---|---|
| Market cap | $10.7B | $19.4B |
| P/E (TTM) | 5.6x | 24.2x |
| Forward P/E | 6.3x | 8.5x |
| Revenue (TTM) | $13.1B | $33.1B |
| Revenue growth | 19.9% | 11.0% |
| Gross margin | 20.3% | 18.8% |
| Operating margin | 18.7% | 12.8% |
| Free cash flow | -$1.7B | $316.0M |
| Dividend yield | 4.67% | 2.06% |
| 1-year return | +10.9% | -43.0% |
| 5-year return (annual) | -5.9% | +20.6% |
| Max drawdown | -99% | -79% |
| FI Handbook grade | C | B- |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
$20.0K
$40.0K
20222023202420252026
AES vs NRG FAQ
Which is bigger, AES or NRG?
NRG Energy (NRG) is larger, with a market cap of $19.4B versus $10.7B for AES, about 1.8 times the size.
Is AES or NRG cheaper?
On trailing earnings, AES is cheaper at 5.6x versus 24.2x for NRG. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, AES or NRG?
AES returned +10.9% over the past year including dividends, versus -43.0% for NRG, through October 23, 2026.
Which pays a higher dividend, AES or NRG?
AES yields 4.67% versus 2.06% for NRG.
Full pages: AES · NRG Energy