Last 48 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 14.0x, up 30.3% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 10.5% YoY to 10.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 25.48 | 13.95 | 63.80 | 29.00 | 47.75 | 10.71 | — | — | 5.23 | — | 5.85 | — | — |
| — | +30.3% | — | — | +812.6% | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.85 | 1.53 | 1.89 | 1.78 | 2.10 | 1.43 | 1.50 | 1.83 | 2.00 | 1.69 | 1.65 | 1.81 | 2.26 |
| — | +7.2% | +25.8% | -2.7% | +4.7% | -15.2% | -9.0% | +1.3% | -11.5% | -9.4% | +10.3% | -35.2% | -38.1% | |
| P/B Ratio | 0.90 | 0.94 | 0.95 | 0.82 | 0.86 | 0.77 | 0.57 | 0.66 | 0.54 | 0.68 | 0.63 | 0.59 | 0.79 |
| — | +22.0% | +66.4% | +24.0% | +61.1% | +13.7% | -10.4% | +10.9% | -32.5% | -14.0% | +2.7% | -43.3% | -35.6% | |
| P/FCF | 2.51 | — | — | — | 15.40 | 0.55 | 1.12 | — | 33.40 | — | — | — | 88.82 |
| — | — | — | — | -53.9% | — | — | — | -62.4% | — | — | — | — | |
| EV / EBITDA | 11.92 | 10.28 | 12.96 | 10.76 | 15.57 | 9.31 | 20.44 | 13.09 | 13.80 | 12.23 | 13.60 | 13.42 | 16.10 |
| — | +10.5% | -36.6% | -17.8% | +12.8% | -23.9% | +50.3% | -2.5% | -14.3% | -4.9% | -38.9% | -13.0% | -13.9% | |
| EV / EBIT | 21.04 | 16.72 | 22.29 | 16.71 | 28.92 | 14.58 | 24.96 | 20.85 | 10.30 | 142.75 | 11.10 | — | — |
| — | +14.7% | -10.7% | -19.9% | +180.9% | -89.8% | +124.8% | — | — | +1403.3% | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Algonquin Power & Utilities Corp.'s operating margin was 22.0% in Q1 2026, up 3.9 pp QoQ and down 3.8 pp YoY. The trailing four-quarter average of 19.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 68.7% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.7% | 22.0% | 70.8% | 78.3% | 76.4% | 70.4% | 35.1% | 78.9% | 77.6% | 68.7% | 73.4% | 75.6% | 77.4% |
| — | -68.7% | +101.8% | -0.7% | -1.6% | +2.5% | -52.2% | +4.3% | +0.4% | +6.1% | +12.9% | +5.1% | +6.4% | |
| Operating Margin | 21.5% | 22.0% | 18.1% | 25.7% | 12.3% | 25.8% | 18.1% | 19.4% | 16.6% | 22.2% | 14.4% | 22.2% | 14.9% |
| — | -14.7% | -0.1% | +32.6% | -26.0% | +16.3% | +25.3% | -12.6% | +11.2% | +21.4% | +472.7% | +9.3% | -13.6% | |
| Net Margin | 7.4% | 11.0% | 3.3% | 6.7% | 4.6% | 14.0% | -31.9% | -227.8% | 38.9% | -13.8% | 27.9% | -30.9% | -40.3% |
| — | -21.4% | +110.4% | +102.9% | -88.3% | +201.4% | -214.1% | -637.0% | +196.6% | -139.7% | +377.4% | -5.2% | -648.2% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.2% | 1.7% | 0.4% | 0.8% | 0.5% | 1.7% | -3.0% | -18.6% | 2.8% | -1.3% | 2.7% | -2.5% | -3.5% |
| — | -1.5% | +114.0% | +104.1% | -83.5% | +228.4% | -210.1% | -645.8% | +181.4% | -135.8% | +358.0% | +8.1% | -680.0% | |
| ROA | 1.2% | 0.6% | 0.2% | 0.3% | 0.2% | 0.6% | -1.1% | -7.1% | 1.1% | -0.5% | 1.0% | -1.0% | -1.4% |
| — | -4.7% | +114.0% | +104.0% | -83.7% | +230.1% | -204.7% | -633.7% | +176.5% | -132.0% | +343.0% | +12.0% | -648.1% | |
| ROIC | 3.2% | 1.1% | 0.7% | 1.0% | 0.4% | 1.1% | 0.6% | 0.6% | 0.4% | 0.7% | 0.5% | 0.6% | 0.5% |
| — | -0.7% | +24.8% | +74.8% | +4.1% | +53.5% | +22.0% | -9.4% | -11.7% | +0.5% | +412.0% | -9.9% | -15.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Algonquin Power & Utilities Corp.'s Debt/EBITDA ratio is 24.2x, down from 30.0x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 9.8% YoY to 1.05x, tightening the short-term liquidity position. Debt/Equity has risen for 6 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.30 | 1.33 | 1.30 | 1.27 | 1.23 | 1.23 | 1.08 | 1.18 | 1.08 | 1.41 | 1.08 | 1.22 | 1.13 |
| — | +8.0% | +19.6% | +7.9% | +14.6% | -13.0% | +0.3% | -3.6% | -4.6% | +32.5% | +2.9% | +11.8% | +11.4% | |
| Debt / EBITDA | 7.07 | 24.21 | 30.04 | 26.33 | 36.84 | 23.06 | 53.81 | 33.72 | 37.27 | 33.28 | 34.33 | 36.37 | 38.10 |
| — | +5.0% | -44.2% | -21.9% | -1.2% | -30.7% | +56.7% | -7.3% | -2.2% | +12.0% | -39.0% | +14.7% | +12.2% | |
| Current Ratio | 1.00 | 1.05 | 1.00 | 1.23 | 1.09 | 1.16 | 0.76 | 0.92 | 0.97 | 0.98 | 0.63 | 0.66 | 0.71 |
| — | -9.8% | +32.5% | +33.2% | +12.6% | +18.6% | +19.8% | +38.7% | +36.1% | +29.7% | -11.3% | -7.2% | -7.8% | |
| Quick Ratio | 0.82 | 0.87 | 0.82 | 0.98 | 0.86 | 0.94 | 0.61 | 0.73 | 0.78 | 0.79 | 0.50 | 0.50 | 0.56 |
| — | -7.7% | +34.0% | +34.8% | +10.3% | +19.3% | +21.5% | +44.7% | +39.9% | +29.3% | -11.6% | -9.2% | -8.8% | |
| Interest Coverage | 1.67 | 2.38 | 1.21 | 2.20 | 1.07 | 2.25 | 1.06 | 1.51 | 2.57 | 0.26 | 3.44 | -1.63 | -2.53 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying AQN stock.
Algonquin Power & Utilities Corp.'s current P/E is 25.5x. The average P/E over the last 4 quarters is 38.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Algonquin Power & Utilities Corp.'s current operating margin is 21.5%. Margins have been expanding 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.