28 years of historical data (1997–2024) · Utilities · Renewable Utilities
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Algonquin Power & Utilities Corp. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.4B | $3.3B | $4.4B | $4.1B | $9.1B | $9.3B | $7.1B | $4.7B | $4.3B | $2.3B | $2.0B |
| Enterprise Value | $12.0B | $9.9B | $11.8B | $11.6B | $15.2B | $13.7B | $10.9B | $8.0B | $7.3B | $5.4B | $3.0B |
| P/E Ratio → | -3.86 | — | 210.67 | — | 35.24 | 12.01 | 13.35 | 25.13 | 30.16 | 25.70 | 26.27 |
| P/S Ratio | 2.31 | 1.40 | 1.82 | 1.48 | 4.00 | 5.54 | 4.35 | 2.84 | 2.74 | 2.85 | 2.73 |
| P/B Ratio | 0.83 | 0.53 | 0.63 | 0.57 | 1.18 | 1.55 | 1.49 | 1.16 | 1.28 | 1.24 | 1.21 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 11.13 | 6.76 | 6.95 | 6.62 | 57.72 | 18.39 | 11.57 | 8.83 | 11.83 | 10.87 | 10.71 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Algonquin Power & Utilities Corp.'s enterprise value stands at 13.0x EBITDA, 13% below its 5-year average of 15.0x. The Utilities sector median is 9.4x, placing the stock at a 39% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.28 | 4.93 | 4.18 | 6.67 | 8.19 | 6.73 | 4.84 | 4.67 | 6.65 | 4.05 |
| EV / EBITDA | 13.03 | 10.75 | 12.67 | 13.47 | 18.59 | 19.66 | 16.81 | 12.76 | 11.46 | 17.26 | 12.40 |
| EV / EBIT | 26.96 | 17.51 | 44.52 | — | 41.02 | 14.09 | 14.86 | 28.02 | 21.45 | 27.90 | 21.24 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Algonquin Power & Utilities Corp. earns an operating margin of 19.2%, roughly in line with the Utilities sector average. Operating margins have expanded from 14.5% to 19.2% over the past 3 years, signaling improving operational efficiency. A negative ROE of -21.0% indicates the company is currently destroying shareholder equity. ROIC of 2.5% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.4% | 74.4% | 69.1% | 68.7% | 68.6% | 76.1% | 72.7% | 70.6% | 74.2% | 73.1% | 63.3% |
| Operating Margin | 19.2% | 19.2% | 19.4% | 14.5% | 18.2% | 22.9% | 22.6% | 22.9% | 24.1% | 21.4% | 18.0% |
| Net Profit Margin | -59.5% | -59.5% | 1.2% | -7.7% | 11.6% | 46.7% | 32.6% | 11.2% | 9.8% | 11.9% | 11.4% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -21.0% | -21.0% | 0.4% | -2.9% | 3.9% | 14.6% | 12.1% | 5.0% | 5.9% | 5.5% | 5.2% |
| ROA | -7.8% | -7.8% | 0.2% | -1.2% | 1.8% | 6.5% | 5.2% | 2.1% | 2.1% | 2.0% | 2.4% |
| ROIC | 2.5% | 2.5% | 2.4% | 2.1% | 2.6% | 3.0% | 3.5% | 4.1% | 5.0% | 3.4% | 3.7% |
| ROCE | 2.8% | 2.8% | 2.9% | 2.6% | 3.0% | 3.4% | 3.9% | 4.5% | 5.6% | 3.9% | 4.1% |
Solvency and debt-coverage ratios — lower is generally safer
Algonquin Power & Utilities Corp. carries a Debt/EBITDA ratio of 7.3x, which is highly leveraged (72% above the sector average of 4.2x). Net debt stands at $6.7B ($6.7B total debt minus $35M cash). Interest coverage of just 1.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.08 | 1.08 | 1.08 | 1.05 | 0.81 | 0.76 | 0.83 | 0.83 | 0.92 | 1.70 | 0.64 |
| Debt / EBITDA | 7.26 | 7.26 | 8.03 | 8.76 | 7.61 | 6.50 | 6.04 | 5.34 | 4.80 | 10.12 | 4.42 |
| Net Debt / Equity | — | 1.08 | 1.08 | 1.04 | 0.79 | 0.74 | 0.82 | 0.81 | 0.90 | 1.65 | 0.59 |
| Net Debt / EBITDA | 7.22 | 7.22 | 8.00 | 8.69 | 7.46 | 6.36 | 5.94 | 5.27 | 4.73 | 9.86 | 4.05 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.29 | 1.29 | 1.42 | 1.37 | 1.81 | 2.11 | 2.02 | 2.48 | 2.44 | 1.78 | 2.80 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.76x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.76 | 0.76 | 0.63 | 0.71 | 0.69 | 0.73 | 0.59 | 0.99 | 0.88 | 0.90 | 1.08 |
| Quick Ratio | 0.61 | 0.61 | 0.50 | 0.57 | 0.56 | 0.59 | 0.48 | 0.79 | 0.72 | 0.86 | 1.01 |
| Cash Ratio | 0.02 | 0.02 | 0.01 | 0.04 | 0.09 | 0.11 | 0.07 | 0.09 | 0.08 | 0.20 | 0.32 |
| Asset Turnover | — | 0.14 | 0.13 | 0.16 | 0.14 | 0.13 | 0.15 | 0.18 | 0.19 | 0.13 | 0.21 |
| Inventory Turnover | 2.66 | 2.66 | 3.34 | 3.85 | 4.02 | 2.98 | 4.87 | 5.06 | 4.55 | 13.66 | 13.22 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Algonquin Power & Utilities Corp. returns 5.6% to shareholders annually — split between a 5.6% dividend yield and 0.1% buyback yield.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.6% | 8.8% | 7.4% | 8.9% | 3.4% | 2.9% | 2.8% | 3.6% | 3.2% | 3.8% | 2.8% |
| Payout Ratio | — | — | 1124.6% | — | 116.0% | 34.1% | 37.9% | 89.9% | 88.5% | 90.2% | 67.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.5% | — | 2.8% | 8.3% | 7.5% | 4.0% | 3.3% | 3.9% | 3.8% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.1% | 0.1% | 0.1% | 0.1% | 0.0% | 0.1% | 0.1% | 0.0% | 0.1% | 0.2% | 0.0% |
| Total Shareholder Yield | 5.6% | 8.9% | 7.4% | 9.0% | 3.4% | 2.9% | 2.9% | 3.6% | 3.2% | 3.9% | 2.8% |
| Shares Outstanding | — | $732M | $691M | $629M | $629M | $564M | $500M | $466M | $386M | $274M | $257M |
Compare AQN with 5 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| AQNYou | $5B | -3.9 | 13.0 | — | 74.4% | 19.2% | -21.0% | 2.5% | 7.3 |
| AXIA | $24B | 74.2 | 52.8 | 178.3 | 44.2% | 34.5% | 1.6% | 1.2% | 23.6 |
| BEP | $10B | -471.5 | 12.7 | — | 16.8% | 13.4% | -0.1% | 1.0% | 10.4 |
| BEPC | $6B | 26.2 | 8.8 | — | 57.3% | 24.3% | 1.6% | 2.6% | 6.2 |
| CWEN | $2B | 27.0 | 10.3 | 4.3 | 15.2% | 12.3% | 2.9% | 0.9% | 9.6 |
| ELLO | $332M | -40.0 | 30.4 | — | 11.8% | 22.4% | -5.1% | 1.2% | 20.8 |
| Utilities Median | — | 21.0 | 9.4 | 8.1 | 46.6% | 21.0% | 9.4% | 5.0% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 28 years · Updated daily
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Start ComparisonAlgonquin Power & Utilities Corp.'s current P/E ratio is -3.9x. The historical average is 34.3x.
Algonquin Power & Utilities Corp.'s current EV/EBITDA is 13.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.9x.
Algonquin Power & Utilities Corp.'s return on equity (ROE) is -21.0%. The historical average is 3.8%.
Based on historical data, Algonquin Power & Utilities Corp. is trading at a P/E of -3.9x. Compare with industry peers and growth rates for a complete picture.
Algonquin Power & Utilities Corp.'s current dividend yield is 5.58%.
Algonquin Power & Utilities Corp. has 74.4% gross margin and 19.2% operating margin. Operating margin between 10-20% is typical for established companies.
Algonquin Power & Utilities Corp.'s Debt/EBITDA ratio is 7.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.