Renewable Utilities
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AQN vs GEV
Revenue, margins, valuation, and 5-year total return — side by side.
Renewable Utilities
AQN vs GEV — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Renewable Utilities | Renewable Utilities |
| Market Cap | $4.86B | $300.69B |
| Revenue (TTM) | $2.39B | $39.38B |
| Net Income (TTM) | $-27M | $9.38B |
| Gross Margin | 65.0% | 19.9% |
| Operating Margin | 20.9% | 3.9% |
| Forward P/E | 17.5x | 40.3x |
| Total Debt | $6.70B | $0.00 |
| Cash & Equiv. | $35M | $8.85B |
AQN vs GEV — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Mar 24 | May 26 | Return |
|---|---|---|---|
| Algonquin Power & U… (AQN) | 100 | 100.2 | +0.2% |
| GE Vernova Inc. (GEV) | 100 | 818.3 | +718.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AQN vs GEV
Each card shows where this stock fits in a portfolio — not just who wins on paper.
AQN is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.35, yield 5.9%
- Lower volatility, beta 0.35, current ratio 0.76x
- Beta 0.35, yield 5.9%, current ratio 0.76x
GEV carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 8.9%, EPS growth 217.0%, 3Y rev CAGR 8.7%
- 7.5% 10Y total return vs AQN's 31.8%
- 8.9% revenue growth vs AQN's -3.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.9% revenue growth vs AQN's -3.5% | |
| Value | Lower P/E (17.5x vs 40.3x) | |
| Quality / Margins | 23.8% margin vs AQN's -1.1% | |
| Stability / Safety | Beta 0.35 vs GEV's 1.76 | |
| Dividends | 5.9% yield, vs GEV's 0.1% | |
| Momentum (1Y) | +179.3% vs AQN's +20.0% | |
| Efficiency (ROA) | 15.2% ROA vs AQN's -0.2%, ROIC 27.9% vs 2.5% |
AQN vs GEV — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
AQN vs GEV — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — AQN and GEV each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
GEV is the larger business by revenue, generating $39.4B annually — 16.5x AQN's $2.4B. GEV is the more profitable business, keeping 23.8% of every revenue dollar as net income compared to AQN's -1.1%. On growth, GEV holds the edge at +16.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.4B | $39.4B |
| EBITDAEarnings before interest/tax | $815M | $2.2B |
| Net IncomeAfter-tax profit | -$27M | $9.4B |
| Free Cash FlowCash after capex | $2.6B | $3.6B |
| Gross MarginGross profit ÷ Revenue | +65.0% | +19.9% |
| Operating MarginEBIT ÷ Revenue | +20.9% | +3.9% |
| Net MarginNet income ÷ Revenue | -1.1% | +23.8% |
| FCF MarginFCF ÷ Revenue | +109.1% | +9.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +1.7% | +16.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +102.7% | +18.2% |
Valuation Metrics
AQN leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, AQN's 12.5x EV/EBITDA is more attractive than GEV's 130.2x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $4.9B | $300.7B |
| Enterprise ValueMkt cap + debt − cash | $11.5B | $291.8B |
| Trailing P/EPrice ÷ TTM EPS | -3.50x | 63.25x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.53x | 40.26x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 12.49x | 130.23x |
| Price / SalesMarket cap ÷ Revenue | 2.10x | 7.90x |
| Price / BookPrice ÷ Book value/share | 0.75x | 25.12x |
| Price / FCFMarket cap ÷ FCF | — | 81.03x |
Profitability & Efficiency
GEV leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
GEV delivers a 79.7% return on equity — every $100 of shareholder capital generates $80 in annual profit, vs $-0 for AQN.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -0.5% | +79.7% |
| ROA (TTM)Return on assets | -0.2% | +15.2% |
| ROICReturn on invested capital | +2.5% | +27.9% |
| ROCEReturn on capital employed | +2.8% | +6.6% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 1.08x | — |
| Net DebtTotal debt minus cash | $6.7B | -$8.8B |
| Cash & Equiv.Liquid assets | $35M | $8.8B |
| Total DebtShort + long-term debt | $6.7B | $0 |
| Interest CoverageEBIT ÷ Interest expense | 1.29x | — |
Total Returns (Dividends Reinvested)
GEV leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in GEV five years ago would be worth $85,407 today (with dividends reinvested), compared to $5,649 for AQN. Over the past 12 months, GEV leads with a +179.3% total return vs AQN's +20.0%. The 3-year compound annual growth rate (CAGR) favors GEV at 104.4% vs AQN's -5.8% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +4.5% | +64.8% |
| 1-Year ReturnPast 12 months | +20.0% | +179.3% |
| 3-Year ReturnCumulative with dividends | -16.3% | +754.1% |
| 5-Year ReturnCumulative with dividends | -43.5% | +754.1% |
| 10-Year ReturnCumulative with dividends | +31.8% | +754.1% |
| CAGR (3Y)Annualised 3-year return | -5.8% | +104.4% |
Risk & Volatility
Evenly matched — AQN and GEV each lead in 1 of 2 comparable metrics.
Risk & Volatility
AQN is the less volatile stock with a 0.35 beta — it tends to amplify market swings less than GEV's 1.76 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. GEV currently trades 94.7% from its 52-week high vs AQN's 89.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.35x | 1.76x |
| 52-Week HighHighest price in past year | $7.11 | $1181.95 |
| 52-Week LowLowest price in past year | $5.32 | $387.03 |
| % of 52W HighCurrent price vs 52-week peak | +89.0% | +94.7% |
| RSI (14)Momentum oscillator 0–100 | 51.7 | 63.8 |
| Avg Volume (50D)Average daily shares traded | 4.1M | 2.4M |
Analyst Outlook
Evenly matched — AQN and GEV each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates AQN as "Hold" and GEV as "Buy". Consensus price targets imply 7.3% upside for AQN (target: $7) vs 0.1% for GEV (target: $1120). AQN is the only dividend payer here at 5.86% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $6.79 | $1119.95 |
| # AnalystsCovering analysts | 13 | 28 |
| Dividend YieldAnnual dividend ÷ price | +5.9% | +0.1% |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $0.37 | $1.00 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.1% |
GEV leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). AQN leads in 1 (Valuation Metrics). 3 tied.
AQN vs GEV: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is AQN or GEV a better buy right now?
For growth investors, GE Vernova Inc.
(GEV) is the stronger pick with 8. 9% revenue growth year-over-year, versus -3. 5% for Algonquin Power & Utilities Corp. (AQN). GE Vernova Inc. (GEV) offers the better valuation at 63. 3x trailing P/E (40. 3x forward), making it the more compelling value choice. Analysts rate GE Vernova Inc. (GEV) a "Buy" — based on 28 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — AQN or GEV?
On forward P/E, Algonquin Power & Utilities Corp.
is actually cheaper at 17. 5x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — AQN or GEV?
Over the past 5 years, GE Vernova Inc.
(GEV) delivered a total return of +754. 1%, compared to -43. 5% for Algonquin Power & Utilities Corp. (AQN). Over 10 years, the gap is even starker: GEV returned +754. 1% versus AQN's +31. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — AQN or GEV?
By beta (market sensitivity over 5 years), Algonquin Power & Utilities Corp.
(AQN) is the lower-risk stock at 0. 35β versus GE Vernova Inc. 's 1. 76β — meaning GEV is approximately 401% more volatile than AQN relative to the S&P 500.
05Which is growing faster — AQN or GEV?
By revenue growth (latest reported year), GE Vernova Inc.
(GEV) is pulling ahead at 8. 9% versus -3. 5% for Algonquin Power & Utilities Corp. (AQN). On earnings-per-share growth, the picture is similar: GE Vernova Inc. grew EPS 217. 0% year-over-year, compared to -61. 3% for Algonquin Power & Utilities Corp.. Over a 3-year CAGR, GEV leads at 8. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — AQN or GEV?
GE Vernova Inc.
(GEV) is the more profitable company, earning 12. 8% net margin versus -59. 5% for Algonquin Power & Utilities Corp. — meaning it keeps 12. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AQN leads at 19. 2% versus 3. 6% for GEV. At the gross margin level — before operating expenses — AQN leads at 74. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is AQN or GEV more undervalued right now?
On forward earnings alone, Algonquin Power & Utilities Corp.
(AQN) trades at 17. 5x forward P/E versus 40. 3x for GE Vernova Inc. — 22. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for AQN: 7. 3% to $6. 79.
08Which pays a better dividend — AQN or GEV?
In this comparison, AQN (5.
9% yield) pays a dividend. GEV does not pay a meaningful dividend and should not be held primarily for income.
09Is AQN or GEV better for a retirement portfolio?
For long-horizon retirement investors, Algonquin Power & Utilities Corp.
(AQN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 35), 5. 9% yield). GE Vernova Inc. (GEV) carries a higher beta of 1. 76 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (AQN: +31. 8%, GEV: +754. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between AQN and GEV?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: AQN is a small-cap income-oriented stock; GEV is a large-cap quality compounder stock. AQN pays a dividend while GEV does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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