Algonquin Power & Utilities Corp. (AQN) Earnings History
Earnings Pressure29 years of earnings data (1997–2025) · 5-year EPS trend is negative
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Algonquin Power & Utilities Corp. (AQN) Earnings Overview
As of June 22, 2026, Algonquin Power & Utilities Corp. (AQN) reported trailing twelve-month net income of $169M, reflecting +112.7% year-over-year growth. The company earned $0.22 per diluted share over the past four quarters, with a net profit margin of 7.4%.
Looking at the long-term picture, AQN's 5-year EPS compound annual growth rate (CAGR) stands at -30.0%, signaling declining earnings. The company achieved its highest annual net income of $782M in fiscal 2020.
Algonquin Power & Utilities Corp. maintains positive profitability with a gross margin of 73.7%, operating margin of 21.5%, and net margin of 7.4%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including BEP ($212M net income, -0.3% margin), CLNE (-$99M net income, -52.1% margin), AVA ($206M net income, 9.8% margin), AQN has outperformed on profitability metrics. Compare AQN vs BEP →
AQN Earnings vs Peers
Earnings metrics vs comparable public companies
AQN Historical Earnings Data (1997–2025)
29 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $181M | +113.1% | $523M | $0.23 | 7.4% | 21.5% |
| 2024 | -$1.38B | -4914.5% | $446M | $-1.81 | -59.5% | 19.2% |
| 2023 | $29M | +113.5% | $467M | $0.03 | 1.2% | 19.4% |
| 2022 | -$212M | -180.0% | $402M | $-0.49 | -7.7% | 14.5% |
| 2021 | $265M | -66.2% | $413M | $0.41 | 11.6% | 18.2% |
| 2020 | $782M | +47.4% | $384M | $1.37 | 46.7% | 22.9% |
| 2019 | $531M | +187.0% | $367M | $1.06 | 32.6% | 22.6% |
| 2018 | $185M | +20.5% | $377M | $0.40 | 11.2% | 22.9% |
| 2017 | $154M | +57.6% | $380M | $0.37 | 9.8% | 24.1% |
| 2016 | $97M | +15.1% | $175M | $0.33 | 11.9% | 21.4% |
| 2015 | $85M | +29.8% | $133M | $0.30 | 11.4% | 18.0% |
| 2014 | $65M | +242.1% | $120M | $0.27 | 8.0% | 14.7% |
| 2013 | $19M | +30.5% | $98M | $0.07 | 3.0% | 15.4% |
| 2012 | $15M | -36.2% | $46M | $0.09 | 3.9% | 12.4% |
| 2011 | $23M | +16.6% | $37M | $0.20 | 8.5% | 13.7% |
| 2010 | $20M | -67.1% | $24M | $0.19 | 10.7% | 13.2% |
| 2009 | $60M | +481.3% | $28M | $0.37 | 33.4% | 15.8% |
| 2008 | -$16M | -165.4% | $29M | $-0.20 | -8.9% | 16.4% |
| 2007 | $24M | -0.3% | $43M | $0.31 | 12.7% | 23.0% |
| 2006 | $24M | +27.8% | $36M | $0.33 | 13.9% | 20.8% |
| 2005 | $19M | -1.1% | $28M | $0.27 | 12.2% | 18.4% |
| 2004 | $19M | -44.7% | $23M | $0.27 | 14.2% | 17.5% |
| 2003 | $34M | +234.6% | $41M | $0.51 | 28.9% | 34.5% |
| 2002 | $10M | +137.9% | $17M | $0.18 | 17.0% | 28.2% |
| 2001 | $4M | -51.6% | $12M | $0.11 | 15.3% | 41.5% |
| 2000 | $9M | +79.1% | $16M | $0.36 | 28.7% | 51.5% |
| 1999 | $5M | +139.7% | $6M | $0.26 | 37.2% | 45.1% |
| 1998 | $2M | +222.3% | $2M | $0.19 | 38.9% | 45.7% |
| 1997 | -$2M | - | -$2M | $-0.21 | -1804.6% | -1749.7% |
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AQN — Frequently Asked Questions
Quick answers to the most common questions about buying AQN stock.
What is AQN earnings per share (EPS)?
AQN trailing twelve-month (TTM) diluted EPS is $0.22, reflecting +112.7% year-over-year growth. The 5-year EPS CAGR is -30.0%. Complete EPS history from 1997 to 2025 is available in the table on this page.
What is Algonquin Power & Utilities Corp.'s net income?
Algonquin Power & Utilities Corp. (AQN) trailing twelve-month net income is $169M as of 2025. Earnings grew +112.7% year-over-year.
Is AQN profitable?
Yes, AQN is profitable with a TTM net income of $169M and a net profit margin of +7.4%.
What is AQN's earnings growth rate?
AQN compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: -30.0%, 10-Year: -2.6%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1997 to 2025.
What are AQN's profit margins?
Algonquin Power & Utilities Corp. net profit margin is +7.4%, operating margin is +21.5%, and gross margin is +73.7%. Margins are within a typical range for the sector. Return on Equity is +3.2%.
Is AQN growing earnings?
Yes, AQN earnings are accelerating — EPS growth of +112.7% exceeds the 5-year CAGR of -30.0%. TTM net income reached $169M. Earnings momentum is strengthening.
What was AQN's best earnings year?
Algonquin Power & Utilities Corp.'s highest annual net income on record is $782M, achieved in fiscal year 2020. Earnings history on this page spans 1997 to 2025 and includes all annual and quarterly figures.
What were AQN's earnings last quarter?
AQN's most recent reported quarter was Q1 2026. Net income was $85M with diluted EPS of $0.11. For a full breakdown of all quarters, see the quarterly earnings table on this page.