AES vs. EVRG: AES vs. Evergy Stock Comparison

November 11, 2026

How do AES (AES) and Evergy (EVRG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

AES (AES) and Evergy (EVRG) both fall under the Utilities industry group, but AES is classified in Independent Power and Renewable Electricity Producers while EVRG is classified in Electric Utilities.

Company profile comparison for AES (AES) and Evergy (EVRG)
Profile Item	AES	EVRG
Name	The AES Corporation	Evergy Inc.
Country/Region	United States	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Independent Power and Renewable Electricity Producers	Electric Utilities
GICS Sub-Industry	Independent Power Producers & Energy Traders	Electric Utilities
Market Capitalization	10.61 billion USD	20.53 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	June 26, 1991	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AES

EVRG

GSPC

AES (AES) vs. Evergy (EVRG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for AES (AES) and Evergy (EVRG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for AES (AES) and Evergy (EVRG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for AES (AES) and Evergy (EVRG)
Metric	AES	EVRG
Total Return (1Y)	10.79%	20.55%
Total Return (3Y, Annualized)	3.44%	26.35%
Total Return (5Y, Annualized)	-5.12%	10.88%

Risk Profile

Drawdown History

AES

EVRG

GSPC

AES (AES) vs. Evergy (EVRG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for AES (AES) and Evergy (EVRG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for AES (AES) and Evergy (EVRG)
Metric	AES	EVRG
Volatility (1Y, Annualized)	25.19%	16.50%
Beta (5Y)	0.93	0.48
Max Drawdown (5Y)	-63.43%	-29.83%
Avg. Volume (3M)	8.50M	2.25M

Risk-Adjusted Performance

Risk-Return Positioning

AES and EVRG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for AES (AES) and Evergy (EVRG)
Metric	AES	EVRG
Sharpe Ratio (1Y)	0.26	0.99
Sortino Ratio (1Y)	0.33	1.44

Profitability

ROE (TTM)

Both AES (AES) at 8.68% and Evergy (EVRG) at 10.06% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

AES

Utilities industry group

8.68%

Max: 17.99%
Q3: 12.01%
Median: 9.44%
AES: 8.68%
Q1: 7.56%
Min: 2.17%

EVRG

Utilities industry group

10.06%

Max: 17.99%
Q3: 12.01%
EVRG: 10.06%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

AES (AES) vs. Evergy (EVRG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both AES (AES) at 13.16% and Evergy (EVRG) at 16.67% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

AES

Utilities industry group

13.16%

Max: 28.78%
Q3: 17.30%
AES: 13.16%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

EVRG

Utilities industry group

16.67%

Max: 28.78%
Q3: 17.30%
EVRG: 16.67%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

AES (AES) vs. Evergy (EVRG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Evergy (EVRG) at 38.46% operates in the top operating margin quartile, ahead of AES (AES) at 23.89%, which runs around its industry’s norm.

AES

Utilities industry group

23.89%

Max: 53.83%
Q3: 31.12%
AES: 23.89%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

EVRG

Utilities industry group

38.46%

Max: 53.83%
EVRG: 38.46%
Q3: 31.12%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

AES (AES) vs. Evergy (EVRG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for AES (AES) and Evergy (EVRG)
Metric	AES	EVRG
ROE (TTM)	8.68%	10.06%
ROA (TTM)	3.13%	3.12%
Net Margin (TTM)	13.16%	16.67%
Operating Margin (TTM)	23.89%	38.46%
Gross Margin (TTM)	21.34%	52.95%

Growth

Revenue Growth

Both AES (AES) at -0.37% and Evergy (EVRG) at 1.95% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

AES (AES) vs. Evergy (EVRG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Evergy (EVRG) at -3.43% is around its peer norm for EPS growth, while AES (AES) at -46.61% drops into the bottom quartile, signaling weaker earnings momentum.

AES (AES) vs. Evergy (EVRG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for AES (AES) and Evergy (EVRG)
Metric	AES	EVRG
Revenue Growth (YoY)	-0.37%	1.95%
Revenue Growth (3Y CAGR)	-1.03%	0.58%
EPS Growth (YoY)	-46.61%	-3.43%
EPS Growth (3Y CAGR)	--	3.83%

Financial Strength

Current Ratio (MRQ)

AES (AES) at 0.86 keeps current ratio within its industry’s typical mid-range, while Evergy (EVRG) at 0.49 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for EVRG.

AES

Utilities industry group

0.86

Max: 1.90
Q3: 1.17
Median: 0.88
AES: 0.86
Q1: 0.66
Min: 0.29

EVRG

Utilities industry group

0.49

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
EVRG: 0.49
Min: 0.29

AES (AES) vs. Evergy (EVRG): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Evergy (EVRG) at 1.47 carries an industry-typical debt-to-equity mix, while AES (AES) at 2.43 uses more debt funding than most peers.

AES

Utilities industry group

2.43

Max: 2.63
AES: 2.43
Q3: 1.77
Median: 1.35
Q1: 0.84
Min: 0.00

EVRG

Utilities industry group

1.47

Max: 2.63
Q3: 1.77
EVRG: 1.47
Median: 1.35
Q1: 0.84
Min: 0.00

AES (AES) vs. Evergy (EVRG): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for AES (AES) and Evergy (EVRG)
Metric	AES	EVRG
Current Ratio (MRQ)	0.86	0.49
Debt / Equity (MRQ)	2.43	1.47
Net Debt / EBITDA	7.28	5.39

Dividends

Dividend Yield (TTM)

AES (AES) at 4.73% delivers top-quartile income for its industry, while Evergy (EVRG) at 3.18% pays a more typical yield — both are credible income propositions, AES the richer one.

AES

Utilities industry group

4.73%

Max: 6.66%
AES: 4.73%
Q3: 3.58%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

EVRG

Utilities industry group

3.18%

Max: 6.66%
Q3: 3.58%
EVRG: 3.18%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

AES (AES) vs. Evergy (EVRG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Evergy (EVRG) at 61.92% keeps its payout within the industry’s typical band; AES (AES) at 28.27% pays out less than peers usually do, retaining more of its earnings — a policy difference more than a quality gap.

AES

Utilities industry group

28.27%

Max: 113.04%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
AES: 28.27%
Min: 0.00%

EVRG

Utilities industry group

61.92%

Max: 113.04%
Q3: 68.72%
EVRG: 61.92%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

AES (AES) vs. Evergy (EVRG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for AES (AES) and Evergy (EVRG)
Metric	AES	EVRG
Dividend Yield (TTM)	4.73%	3.18%
Dividend Payout Ratio (TTM)	28.27%	61.92%

Valuation

P/E Ratio (TTM)

AES (AES) at 5.97 sits in the cheaper P/E ratio quartile, while Evergy (EVRG) at 19.50 is closer to its industry’s usual earnings multiple — a discount for AES, though growth and earnings durability still matter.

AES

Utilities industry group

5.97

Max: 31.22
Q3: 23.30
Median: 19.64
Q1: 15.17
AES: 5.97
Min: 3.34

EVRG

Utilities industry group

19.50

Max: 31.22
Q3: 23.30
Median: 19.64
EVRG: 19.50
Q1: 15.17
Min: 3.34

AES (AES) vs. Evergy (EVRG): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

AES (AES) at 0.78 sits in the cheaper P/S ratio quartile while Evergy (EVRG) at 3.22 prices around its industry’s middle — AES costs less per dollar of sales, though read it alongside growth and margins.

AES

Utilities industry group

0.78

Max: 6.35
Q3: 3.63
Median: 2.63
Q1: 1.52
AES: 0.78
Min: 0.00

EVRG

Utilities industry group

3.22

Max: 6.35
Q3: 3.63
EVRG: 3.22
Median: 2.63
Q1: 1.52
Min: 0.00

AES (AES) vs. Evergy (EVRG): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both AES (AES) at 1.86 and Evergy (EVRG) at 1.86 are valued close to their industries’ norm against book — neither stands out from peers.

AES

Utilities industry group

1.86

Max: 3.12
Q3: 2.21
AES: 1.86
Median: 1.83
Q1: 1.46
Min: 0.34

EVRG

Utilities industry group

1.86

Max: 3.12
Q3: 2.21
EVRG: 1.86
Median: 1.83
Q1: 1.46
Min: 0.34

AES (AES) vs. Evergy (EVRG): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for AES (AES) and Evergy (EVRG)
Metric	AES	EVRG
P/E Ratio (TTM)	5.97	19.50
P/S Ratio (TTM)	0.78	3.22
P/B Ratio (MRQ)	1.86	1.86
Free Cash Flow Yield (TTM)	-30.54%	-7.14%