Regulated Electric
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AQNB vs PNW
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Electric
AQNB vs PNW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Regulated Electric | Regulated Electric |
| Market Cap | $19.17B | $12.06B |
| Revenue (TTM) | $2.38B | $5.46B |
| Net Income (TTM) | $-1.37B | $654M |
| Gross Margin | 37.2% | 40.7% |
| Operating Margin | 19.4% | 27.5% |
| Forward P/E | 174.1x | 21.1x |
| Total Debt | $6.73B | $17.85B |
| Cash & Equiv. | $35M | $7M |
AQNB vs PNW — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Algonquin Power & U… (AQNB) | 100 | 96.7 | -3.3% |
| Pinnacle West Capit… (PNW) | 100 | 127.8 | +27.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AQNB vs PNW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
AQNB is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 0.12, current ratio 0.76x
- Beta 0.12, yield 1.5%, current ratio 0.76x
- Lower D/E ratio (108.9% vs 251.8%)
PNW carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta -0.03, yield 3.5%
- Rev growth 4.2%, EPS growth -3.6%, 3Y rev CAGR 7.3%
- 78.9% 10Y total return vs AQNB's 48.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 4.2% revenue growth vs AQNB's -14.0% | |
| Value | Lower P/E (21.1x vs 174.1x) | |
| Quality / Margins | 12.0% margin vs AQNB's -57.7% | |
| Stability / Safety | Lower D/E ratio (108.9% vs 251.8%) | |
| Dividends | 3.5% yield, 1-year raise streak, vs AQNB's 1.5% | |
| Momentum (1Y) | +12.1% vs PNW's +10.0% | |
| Efficiency (ROA) | 2.2% ROA vs AQNB's -10.0%, ROIC 3.9% vs 2.4% |
AQNB vs PNW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
AQNB vs PNW — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
PNW leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PNW is the larger business by revenue, generating $5.5B annually — 2.3x AQNB's $2.4B. PNW is the more profitable business, keeping 12.0% of every revenue dollar as net income compared to AQNB's -57.7%. On growth, AQNB holds the edge at +24.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.4B | $5.5B |
| EBITDAEarnings before interest/tax | $792M | $2.5B |
| Net IncomeAfter-tax profit | -$1.4B | $654M |
| Free Cash FlowCash after capex | $2.6B | -$992M |
| Gross MarginGross profit ÷ Revenue | +37.2% | +40.7% |
| Operating MarginEBIT ÷ Revenue | +19.4% | +27.5% |
| Net MarginNet income ÷ Revenue | -57.7% | +12.0% |
| FCF MarginFCF ÷ Revenue | +109.0% | -18.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +24.4% | +11.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -93.1% | +7.8% |
Valuation Metrics
PNW leads this category, winning 4 of 4 comparable metrics.
Valuation Metrics
At 19.7x trailing earnings, PNW trades at a 89% valuation discount to AQNB's 174.1x P/E. On an enterprise value basis, PNW's 14.3x EV/EBITDA is more attractive than AQNB's 30.7x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $19.2B | $12.1B |
| Enterprise ValueMkt cap + debt − cash | $25.9B | $29.9B |
| Trailing P/EPrice ÷ TTM EPS | 174.07x | 19.71x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 21.11x |
| PEG RatioP/E ÷ EPS growth rate | — | 28.97x |
| EV / EBITDAEnterprise value multiple | 30.72x | 14.32x |
| Price / SalesMarket cap ÷ Revenue | 8.26x | 2.26x |
| Price / BookPrice ÷ Book value/share | 3.10x | 1.71x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
PNW leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
PNW delivers a 9.3% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $-27 for AQNB. AQNB carries lower financial leverage with a 1.09x debt-to-equity ratio, signaling a more conservative balance sheet compared to PNW's 2.52x. On the Piotroski fundamental quality scale (0–9), AQNB scores 5/9 vs PNW's 3/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -26.7% | +9.3% |
| ROA (TTM)Return on assets | -10.0% | +2.2% |
| ROICReturn on invested capital | +2.4% | +3.9% |
| ROCEReturn on capital employed | +2.8% | +4.3% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 3 |
| Debt / EquityFinancial leverage | 1.09x | 2.52x |
| Net DebtTotal debt minus cash | $6.7B | $17.8B |
| Cash & Equiv.Liquid assets | $35M | $7M |
| Total DebtShort + long-term debt | $6.7B | $17.8B |
| Interest CoverageEBIT ÷ Interest expense | 1.23x | 2.75x |
Total Returns (Dividends Reinvested)
PNW leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PNW five years ago would be worth $13,591 today (with dividends reinvested), compared to $12,520 for AQNB. Over the past 12 months, AQNB leads with a +12.1% total return vs PNW's +10.0%. The 3-year compound annual growth rate (CAGR) favors PNW at 11.4% vs AQNB's 11.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +4.0% | +15.0% |
| 1-Year ReturnPast 12 months | +12.1% | +10.0% |
| 3-Year ReturnCumulative with dividends | +36.9% | +38.1% |
| 5-Year ReturnCumulative with dividends | +25.2% | +35.9% |
| 10-Year ReturnCumulative with dividends | +48.4% | +78.9% |
| CAGR (3Y)Annualised 3-year return | +11.0% | +11.4% |
Risk & Volatility
Evenly matched — AQNB and PNW each lead in 1 of 2 comparable metrics.
Risk & Volatility
PNW is the less volatile stock with a -0.03 beta — it tends to amplify market swings less than AQNB's 0.12 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. AQNB currently trades 99.3% from its 52-week high vs PNW's 94.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.12x | -0.03x |
| 52-Week HighHighest price in past year | $26.29 | $104.92 |
| 52-Week LowLowest price in past year | $25.08 | $85.32 |
| % of 52W HighCurrent price vs 52-week peak | +99.3% | +94.9% |
| RSI (14)Momentum oscillator 0–100 | 56.8 | 43.1 |
| Avg Volume (50D)Average daily shares traded | 40K | 1.1M |
Analyst Outlook
PNW leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
For income investors, PNW offers the higher dividend yield at 3.48% vs AQNB's 1.54%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold |
| Price TargetConsensus 12-month target | — | $103.11 |
| # AnalystsCovering analysts | — | 24 |
| Dividend YieldAnnual dividend ÷ price | +1.5% | +3.5% |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $0.40 | $3.47 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | 0.0% |
PNW leads in 5 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 1 category is tied.
AQNB vs PNW: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is AQNB or PNW a better buy right now?
For growth investors, Pinnacle West Capital Corporation (PNW) is the stronger pick with 4.
2% revenue growth year-over-year, versus -14. 0% for Algonquin Power & Utilities Cor (AQNB). Pinnacle West Capital Corporation (PNW) offers the better valuation at 19. 7x trailing P/E (21. 1x forward), making it the more compelling value choice. Analysts rate Pinnacle West Capital Corporation (PNW) a "Hold" — based on 24 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 — AQNB or PNW?
On trailing P/E, Pinnacle West Capital Corporation (PNW) is the cheapest at 19.
7x versus Algonquin Power & Utilities Cor at 174. 1x.
03Which is the better long-term investment — AQNB or PNW?
Over the past 5 years, Pinnacle West Capital Corporation (PNW) delivered a total return of +35.
9%, compared to +25. 2% for Algonquin Power & Utilities Cor (AQNB). Over 10 years, the gap is even starker: PNW returned +78. 9% versus AQNB's +48. 4%. 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 — AQNB or PNW?
By beta (market sensitivity over 5 years), Pinnacle West Capital Corporation (PNW) is the lower-risk stock at -0.
03β versus Algonquin Power & Utilities Cor's 0. 12β — meaning AQNB is approximately -554% more volatile than PNW relative to the S&P 500. On balance sheet safety, Algonquin Power & Utilities Cor (AQNB) carries a lower debt/equity ratio of 109% versus 3% for Pinnacle West Capital Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — AQNB or PNW?
By revenue growth (latest reported year), Pinnacle West Capital Corporation (PNW) is pulling ahead at 4.
2% versus -14. 0% for Algonquin Power & Utilities Cor (AQNB). On earnings-per-share growth, the picture is similar: Algonquin Power & Utilities Cor grew EPS 400. 0% year-over-year, compared to -3. 6% for Pinnacle West Capital Corporation. Over a 3-year CAGR, PNW leads at 7. 3% 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 — AQNB or PNW?
Pinnacle West Capital Corporation (PNW) is the more profitable company, earning 11.
5% net margin versus -59. 5% for Algonquin Power & Utilities Cor — meaning it keeps 11. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PNW leads at 20. 9% versus 19. 2% for AQNB. At the gross margin level — before operating expenses — AQNB leads at 36. 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.
07Which pays a better dividend — AQNB or PNW?
All stocks in this comparison pay dividends.
Pinnacle West Capital Corporation (PNW) offers the highest yield at 3. 5%, versus 1. 5% for Algonquin Power & Utilities Cor (AQNB).
08Is AQNB or PNW better for a retirement portfolio?
For long-horizon retirement investors, Pinnacle West Capital Corporation (PNW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
03), 3. 5% yield). Both have compounded well over 10 years (PNW: +78. 9%, AQNB: +48. 4%), 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.
09What are the main differences between AQNB and PNW?
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: AQNB is a mid-cap quality compounder stock; PNW is a mid-cap income-oriented stock. 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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