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Side-by-side financial comparison of AES Corporation (AES) and BARRICK MINING CORP (B). Click either name above to swap in a different company.

BARRICK MINING CORP is the larger business by last-quarter revenue ($3.7B vs $3.1B, roughly 1.2× AES Corporation). BARRICK MINING CORP runs the higher net margin — 34.1% vs 10.3%, a 23.8% gap on every dollar of revenue. On growth, BARRICK MINING CORP posted the faster year-over-year revenue change (16.4% vs 4.7%).

The AES Corporation is an American utility and power generation company. It owns and operates power plants, which it uses to generate and sell electricity to end users and intermediaries like utilities and industrial facilities. AES, headquartered in Arlington, Virginia, is one of the world's leading power companies, generating and distributing electric power in 15 countries and employing 10,500 people worldwide. AES Corporation is a global Fortune 500 power company.

Barrick Mining Corporation is a mining company that produces gold and copper. It has mining operations and projects in Argentina, Canada, Chile, Democratic Republic of the Congo, Dominican Republic, Ecuador, Egypt, Jamaica, Mali, Pakistan, Papua New Guinea, Peru, Saudi Arabia, Senegal, Tanzania, the United States and Zambia. In 2024, it produced 3.91 million ounces of gold at all-in sustaining costs of $1,484/ounce and 195,000 tonnes of copper at all-in sustaining costs of $3.45/pound. As of ...

AES vs B — Head-to-Head

Bigger by revenue
B
B
1.2× larger
B
$3.7B
$3.1B
AES
Growing faster (revenue YoY)
B
B
+11.7% gap
B
16.4%
4.7%
AES
Higher net margin
B
B
23.8% more per $
B
34.1%
10.3%
AES

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
AES
AES
B
B
Revenue
$3.1B
$3.7B
Net Profit
$320.0M
$1.3B
Gross Margin
18.8%
49.0%
Operating Margin
-8.7%
38.5%
Net Margin
10.3%
34.1%
Revenue YoY
4.7%
16.4%
Net Profit YoY
-42.9%
98.1%
EPS (diluted)
$0.45
$0.47

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AES
AES
B
B
Q4 25
$3.1B
Q3 25
$3.4B
Q2 25
$2.9B
$3.7B
Q1 25
$2.9B
Q4 24
$3.0B
Q3 24
$3.3B
Q2 24
$2.9B
$3.2B
Q1 24
$3.1B
Net Profit
AES
AES
B
B
Q4 25
$320.0M
Q3 25
$639.0M
Q2 25
$-95.0M
$1.3B
Q1 25
$46.0M
Q4 24
$560.0M
Q3 24
$502.0M
Q2 24
$185.0M
$634.0M
Q1 24
$432.0M
Gross Margin
AES
AES
B
B
Q4 25
18.8%
Q3 25
21.9%
Q2 25
15.9%
49.0%
Q1 25
15.1%
Q4 24
14.2%
Q3 24
22.0%
Q2 24
18.8%
37.4%
Q1 24
20.1%
Operating Margin
AES
AES
B
B
Q4 25
-8.7%
Q3 25
9.8%
Q2 25
1.4%
38.5%
Q1 25
-0.8%
Q4 24
12.3%
Q3 24
10.0%
Q2 24
-2.6%
34.5%
Q1 24
9.0%
Net Margin
AES
AES
B
B
Q4 25
10.3%
Q3 25
19.1%
Q2 25
-3.3%
34.1%
Q1 25
1.6%
Q4 24
18.9%
Q3 24
15.3%
Q2 24
6.3%
20.1%
Q1 24
14.0%
EPS (diluted)
AES
AES
B
B
Q4 25
$0.45
Q3 25
$0.89
Q2 25
$-0.15
$0.47
Q1 25
$0.07
Q4 24
$0.78
Q3 24
$0.71
Q2 24
$0.27
$0.21
Q1 24
$0.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AES
AES
B
B
Cash + ST InvestmentsLiquidity on hand
$1.6B
$4.8B
Total DebtLower is stronger
Stockholders' EquityBook value
$4.1B
$33.4B
Total Assets
$51.8B
$47.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AES
AES
B
B
Q4 25
$1.6B
Q3 25
$1.8B
Q2 25
$1.4B
$4.8B
Q1 25
$1.8B
Q4 24
$1.6B
Q3 24
$2.0B
Q2 24
$1.8B
$4.0B
Q1 24
$2.4B
Stockholders' Equity
AES
AES
B
B
Q4 25
$4.1B
Q3 25
$3.9B
Q2 25
$3.4B
$33.4B
Q1 25
$3.5B
Q4 24
$3.6B
Q3 24
$3.3B
Q2 24
$3.1B
$32.5B
Q1 24
$2.9B
Total Assets
AES
AES
B
B
Q4 25
$51.8B
Q3 25
$50.8B
Q2 25
$48.5B
$47.3B
Q1 25
$48.6B
Q4 24
$47.4B
Q3 24
$50.1B
Q2 24
$47.7B
$46.2B
Q1 24
$47.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AES
AES
B
B
Operating Cash FlowLast quarter
$1.5B
$1.3B
Free Cash FlowOCF − Capex
$-47.0M
FCF MarginFCF / Revenue
-1.5%
Capex IntensityCapex / Revenue
49.5%
Cash ConversionOCF / Net Profit
4.65×
1.06×
TTM Free Cash FlowTrailing 4 quarters
$-1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AES
AES
B
B
Q4 25
$1.5B
Q3 25
$1.3B
Q2 25
$976.0M
$1.3B
Q1 25
$545.0M
Q4 24
$1.1B
Q3 24
$985.0M
Q2 24
$392.0M
$1.2B
Q1 24
$287.0M
Free Cash Flow
AES
AES
B
B
Q4 25
$-47.0M
Q3 25
$-511.0M
Q2 25
$-356.0M
Q1 25
$-709.0M
Q4 24
$-639.0M
Q3 24
$-847.0M
Q2 24
$-1.3B
Q1 24
$-1.9B
FCF Margin
AES
AES
B
B
Q4 25
-1.5%
Q3 25
-15.2%
Q2 25
-12.5%
Q1 25
-24.2%
Q4 24
-21.6%
Q3 24
-25.8%
Q2 24
-43.9%
Q1 24
-60.3%
Capex Intensity
AES
AES
B
B
Q4 25
49.5%
Q3 25
54.0%
Q2 25
46.7%
Q1 25
42.9%
Q4 24
58.3%
Q3 24
55.7%
Q2 24
57.3%
Q1 24
69.6%
Cash Conversion
AES
AES
B
B
Q4 25
4.65×
Q3 25
2.03×
Q2 25
1.06×
Q1 25
11.85×
Q4 24
1.94×
Q3 24
1.96×
Q2 24
2.12×
1.83×
Q1 24
0.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AES
AES

Electric Distribution$1.0B33%
Regulated Revenue$1.0B33%
Renewables$786.0M25%
AES Andes$225.0M7%
Corporate Other And Other$38.0M1%
Other Expense$10.0M0%

B
B

Segment breakdown not available.

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