Last 46 quarters of trend data · Utilities · Renewable Utilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Algonquin Power & Utilities Corp.'s quarterly P/E stands at 47.8x, up 812.6% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 12.8% YoY to 15.6x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -3.86 | 47.75 | 10.71 | — | — | 5.23 | — | 5.85 | — | — | 5.38 | — | — |
| — | +812.6% | — | — | — | — | — | — | — | — | -89.2% | — | — | |
| P/S Ratio | 2.31 | 2.10 | 1.43 | 1.50 | 1.83 | 2.00 | 1.69 | 1.65 | 1.81 | 2.26 | 1.86 | 1.50 | 2.79 |
| — | +4.7% | -15.2% | -9.0% | +1.3% | -11.5% | -9.4% | +10.3% | -35.2% | -38.1% | -48.1% | -63.6% | -35.3% | |
| P/B Ratio | 0.83 | 0.86 | 0.77 | 0.57 | 0.66 | 0.54 | 0.68 | 0.63 | 0.59 | 0.79 | 0.79 | 0.62 | 1.05 |
| — | +61.1% | +13.7% | -10.4% | +10.9% | -32.5% | -14.0% | +2.7% | -43.3% | -35.6% | -43.3% | -51.4% | -20.8% | |
| P/FCF | — | 17.26 | 0.55 | 1.05 | — | 35.17 | — | — | — | 87.71 | — | 48.51 | — |
| — | -50.9% | — | — | — | -59.9% | — | — | — | — | — | — | — | |
| EV / EBITDA | 13.03 | 15.57 | 9.31 | 20.44 | 13.09 | 13.80 | 12.23 | 13.60 | 13.42 | 16.10 | 12.86 | 22.26 | 15.42 |
| — | +12.8% | -23.9% | +50.3% | -2.5% | -14.3% | -4.9% | -38.9% | -13.0% | -13.9% | -24.9% | +37.2% | -17.9% | |
| EV / EBIT | 26.96 | 28.92 | 14.58 | 24.96 | 20.85 | 10.30 | 142.75 | 11.10 | — | — | 9.50 | — | — |
| — | +180.9% | -89.8% | +124.8% | — | — | +1403.3% | — | — | — | -72.8% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Algonquin Power & Utilities Corp.'s operating margin was 12.3% in Q2 2025, down 13.6 pp QoQ and down 4.3 pp YoY. The trailing four-quarter average of 18.9% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.4% | 76.4% | 70.4% | 35.1% | 78.9% | 77.6% | 68.7% | 73.4% | 75.6% | 77.4% | 64.7% | 65.0% | 72.0% |
| — | -1.6% | +2.5% | -52.2% | +4.3% | +0.4% | +6.1% | +12.9% | +5.1% | +6.4% | -2.4% | -5.3% | -5.8% | |
| Operating Margin | 19.2% | 12.3% | 25.8% | 18.1% | 19.4% | 16.6% | 22.2% | 14.4% | 22.2% | 14.9% | 18.3% | 2.5% | 20.3% |
| — | -26.0% | +16.3% | +25.3% | -12.6% | +11.2% | +21.4% | +472.7% | +9.3% | -13.6% | -2.2% | -88.8% | -5.6% | |
| Net Margin | -59.5% | 4.6% | 14.0% | -31.9% | -227.8% | 38.9% | -13.8% | 27.9% | -30.9% | -40.3% | 34.7% | -10.1% | -29.4% |
| — | -88.3% | +201.4% | -214.1% | -637.0% | +196.6% | -139.7% | +377.4% | -5.2% | -648.2% | +179.7% | -134.1% | -456.1% |
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -21.0% | 0.5% | 1.7% | -3.0% | -18.6% | 2.8% | -1.3% | 2.7% | -2.5% | -3.5% | 3.7% | -1.0% | -2.7% |
| — | -83.5% | +228.4% | -210.1% | -645.8% | +181.4% | -135.8% | +358.0% | +8.1% | -680.0% | +212.6% | -143.5% | -572.2% | |
| ROA | -7.8% | 0.2% | 0.6% | -1.1% | -7.1% | 1.1% | -0.5% | 1.0% | -1.0% | -1.4% | 1.5% | -0.4% | -1.1% |
| — | -83.7% | +230.1% | -204.7% | -633.7% | +176.5% | -132.0% | +343.0% | +12.0% | -648.1% | +187.9% | -140.2% | -555.0% | |
| ROIC | 2.5% | 0.4% | 1.1% | 0.6% | 0.6% | 0.4% | 0.7% | 0.5% | 0.6% | 0.5% | 0.7% | 0.1% | 0.7% |
| — | +4.1% | +53.5% | +22.0% | -9.4% | -11.7% | +0.5% | +412.0% | -9.9% | -15.0% | -0.7% | -87.0% | +8.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Algonquin Power & Utilities Corp.'s Debt/EBITDA ratio is 36.8x, up from 23.1x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 12.6% YoY to 1.09x, strengthening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.08 | 1.23 | 1.23 | 1.08 | 1.18 | 1.08 | 1.41 | 1.08 | 1.22 | 1.13 | 1.06 | 1.05 | 1.09 |
| — | +14.6% | -13.0% | +0.3% | -3.6% | -4.6% | +32.5% | +2.9% | +11.8% | +11.4% | +12.4% | +30.2% | +9.4% | |
| Debt / EBITDA | 7.26 | 36.84 | 23.06 | 53.81 | 33.72 | 37.27 | 33.28 | 34.33 | 36.37 | 38.10 | 29.72 | 56.30 | 31.69 |
| — | -1.2% | -30.7% | +56.7% | -7.3% | -2.2% | +12.0% | -39.0% | +14.7% | +12.2% | +6.3% | +122.0% | -3.0% | |
| Current Ratio | 0.76 | 1.09 | 1.16 | 0.76 | 0.92 | 0.97 | 0.98 | 0.63 | 0.66 | 0.71 | 0.75 | 0.71 | 0.72 |
| — | +12.6% | +18.6% | +19.8% | +38.7% | +36.1% | +29.7% | -11.3% | -7.2% | -7.8% | -21.6% | +3.7% | +15.7% | |
| Quick Ratio | 0.61 | 0.86 | 0.94 | 0.61 | 0.73 | 0.78 | 0.79 | 0.50 | 0.50 | 0.56 | 0.61 | 0.57 | 0.56 |
| — | +10.3% | +19.3% | +21.5% | +44.7% | +39.9% | +29.3% | -11.6% | -9.2% | -8.8% | -23.1% | +1.6% | +10.0% | |
| Interest Coverage | 1.29 | 0.75 | 2.30 | 1.11 | 1.21 | 0.74 | 1.61 | 1.24 | 1.55 | 1.03 | 1.74 | 0.23 | 1.80 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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Start ComparisonAlgonquin Power & Utilities Corp.'s current P/E is -3.9x. The average P/E over the last 2 quarters is 29.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Algonquin Power & Utilities Corp.'s current operating margin is 19.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Algonquin Power & Utilities Corp.'s business trajectory between earnings reports.