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AQNBAlgonquin Power & Utilities Cor
$25.51$19.7B
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AQNB logoAlgonquin Power & Utilities Cor(AQNB)Earnings, Financials & Key Ratios

AQNB•NYSE•Utilities
170.1× P/E·Price updated Jun 19, 2026
SectorUtilitiesIndustryElectric UtilitiesSub-IndustryElectric utilities with large renewables arm
AboutAlgonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission. The Renewable Energy Group segment focuses on operating a diversified portfolio of renewable and thermal electric generation assets. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada.Show more
  • Revenue$2.32B-14.0%
  • EBITDA$842M+2.5%
  • Net Income-$1.38B-6894.6%
  • Free Cash Flow-$391M+1.9%
  • EBITDA Margin36.29%+19.2%
  • Net Margin-59.52%-8003.2%
  • ROE-21.04%-7397.3%
  • Interest Coverage1.20-2.9%
  • Debt/Equity1.09-11.6%

AQNB Key Insights

Algonquin Power & Utilities Cor (AQNB) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Trading near 52-week high

✗Weaknesses

  • ✗High leverage: 8.0x Debt/EBITDA
  • ✗Weak interest coverage of 1.2x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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AQNB Price & Volume

Algonquin Power & Utilities Cor (AQNB) stock price & volume — 10-year historical chart

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AQNB Growth Metrics

Algonquin Power & Utilities Cor (AQNB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.05%
5 Years7.16%
3 Years1.82%
TTM-3.68%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-1168.44%

EPS CAGR

10 Years-1.81%
5 Years-32.37%
3 Years-27.89%
TTM-52.12%

Return on Capital

10 Years3.63%
5 Years2.92%
3 Years2.73%
Last Year2.77%

AQNB Peer Comparison

Algonquin Power & Utilities Cor (AQNB) competitors in Electric utilities with large renewables arm — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
AES logoAESThe AES CorporationDirect Competitor10.43B14.6211.60-0.37%10.72%13.55%2.54
NI logoNINiSource Inc.Direct Competitor22.66B47.2624.2421.76%14.1%8.4%1.39
PNW logoPNWPinnacle West Capital CorporationDirect Competitor12.4B102.3320.264.2%11.99%9.27%2.52
AVA logoAVAAvista CorporationDirect Competitor3.29B39.7616.711.34%10.75%7.65%1.25
OTTR logoOTTROtter Tail CorporationDirect Competitor3.67B87.5013.36-1.99%21.34%15.21%0.59
UTL logoUTLUnitil CorporationDirect Competitor916.81M50.9617.168.33%9.6%9.41%1.54
NEE logoNEENextEra Energy, Inc.Product Competitor180.9B86.7526.3711%29.3%12.66%1.44
BEP logoBEPBrookfield Renewable Partners L.P.Product Competitor10.78B35.24-522.8510.95%3.3%0.63%1.02

Compare AQNB vs Peers

Algonquin Power & Utilities Cor (AQNB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AES

Most directly comparable listed peer for AQNB.

Scale Benchmark

vs GE

Larger-name benchmark to compare AQNB against a more recognizable public peer.

Peer Set

Compare Top 5

vs AES, NI, PNW, AVA

AQNB Income Statement

Algonquin Power & Utilities Cor (AQNB) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Revenue
822.92M1.58B1.55B1.64B1.74B2.2B2.59B2.7B2.32B2.38B
Revenue Growth %
10.66%92.48%-2.13%5.88%5.73%26.63%18.05%4%-14.03%-3.68%
Cost of Revenue
607.89M1.15B1.16B1.23B1.3B1.8B2.09B2.15B1.47B1.49B
Gross Profit
215.02M▲ 0%
438.23M▲ 103.8%
394.91M▼ 9.9%
413.92M▲ 4.8%
438.45M▲ 5.9%
394.61M▼ 10.0%
507.01M▲ 28.5%
836.51M▲ 65.0%
845.26M▲ 1.0%
885.89M▲ 0%
Gross Margin %
26.13%27.67%25.47%25.22%25.26%17.96%19.54%31%36.44%37.25%
Gross Profit Growth %
31.14%103.81%-9.88%4.81%5.93%-10%28.48%64.99%1.05%-
Operating Expenses
34.56M51.45M50.02M58.12M66.46M66.14M77.05M369.22M399.17M425.22M
Other Operating Expenses
----------
EBITDA
319.83M647.32M592.36M646.71M698.15M816.07M857.57M821.37M841.78M792.2M
EBITDA Margin %
38.87%40.87%38.21%39.4%40.23%37.13%33.06%30.44%36.29%33.31%
EBITDA Growth %
31.87%102.4%-8.49%9.17%7.95%16.89%5.09%-4.22%2.48%-6.09%
Depreciation & Amortization
139.37M260.54M247.47M290.91M314.12M402.96M455.52M354.08M395.69M331.54M
D&A / Revenue %
16.94%16.45%15.96%17.72%18.1%18.34%17.56%13.12%17.06%13.94%
Operating Income (EBIT)
180.46M▲ 0%
386.78M▲ 114.3%
344.89M▼ 10.8%
355.79M▲ 3.2%
384.03M▲ 7.9%
413.1M▲ 7.6%
402.05M▼ 2.7%
467.29M▲ 16.2%
446.09M▼ 4.5%
460.67M▲ 0%
Operating Margin %
21.93%24.42%22.25%21.68%22.13%18.8%15.5%17.32%19.23%19.37%
Operating Income Growth %
33.99%114.33%-10.83%3.16%7.93%7.57%-2.68%16.23%-4.54%-
Interest Expense
101.43M167.49M148.11M193.16M205.06M214.17M277.91M375.09M363.58M4M
Interest Coverage
1.95x2.08x1.87x3.99x1.66x1.66x1.80x1.23x1.20x-
Interest / Revenue %
12.33%10.57%9.55%11.77%11.82%9.75%10.71%13.9%15.67%0.17%
Non-Operating Income
-1000K-1000K-1000K1000K1000K0-1000K0-1000K-4M
Pretax Income
96.57M▲ 0%
180.41M▲ 86.8%
128.63M▼ 28.7%
614.97M▲ 378.1%
792.41M▲ 28.9%
142.23M▼ 82.1%
-369.67M▼ 359.9%
-62.12M▲ 83.2%
177.18M▲ 385.2%
169.72M▲ 0%
Pretax Margin %
11.74%11.39%8.3%37.47%45.66%6.47%-14.25%-2.3%7.64%7.14%
Income Tax
27.69M75.98M50.65M71.75M64.58M43.42M-59.08M37.05M186.8M186.69M
Effective Tax Rate %
28.67%42.11%39.38%11.67%8.15%30.53%15.98%-59.66%105.43%109.99%
Net Income
97.63M▲ 0%
154.11M▲ 57.9%
175.55M▲ 13.9%
543.23M▲ 209.4%
823.8M▲ 51.6%
262.53M▼ 68.1%
-203.59M▼ 177.5%
20.32M▲ 110.0%
-1.38B▼ 6894.6%
-1.37B▲ 0%
Net Margin %
11.86%9.73%11.32%33.1%47.47%11.95%-7.85%0.75%-59.52%-57.66%
Net Income Growth %
15.44%57.86%13.91%209.44%51.65%-68.13%-177.55%109.98%-6894.55%-1168.44%
EPS (Diluted)
0.36▲ 0%
0.40▲ 11.1%
0.38▼ 5.0%
1.06▲ 178.9%
1.44▲ 35.8%
0.40▼ 72.2%
-0.30▼ 175.0%
0.03▲ 110.0%
0.15▲ 400.0%
-1.78▲ 0%
EPS Growth %
9.09%11.11%-5%178.95%35.85%-72.22%-175%110%400%-52.12%
EPS (Basic)
0.360.400.381.071.460.41-0.300.030.16-
Diluted Shares Outstanding
274.08M385.99M466.05M504.74M564.37M628.95M677.86M690.76M734.05M772.41M

AQNB Balance Sheet

Algonquin Power & Utilities Cor (AQNB) balance sheet — assets, liabilities & shareholders' equity

MetricDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Assets
6.15B8.41B9.4B10.92B13.22B16.77B17.62B18.37B16.96B13.69B
Asset Growth %
71.18%36.67%11.79%16.2%21.09%26.85%5.04%4.28%-7.69%-60.6%
PP&E (Net)
3.65B6.31B6.39B7.24B8.24B11.03B11.94B12.45B9.45B9.59B
PP&E / Total Assets %
59.28%75.09%68.03%66.3%62.32%65.74%67.76%67.78%55.71%70.03%
Total Current Assets
366.77M498.99M491.61M513.19M695.2M937.47M1.09B1.07B1.14B1.01B
Cash & Equivalents
82.34M43.54M46.82M62.48M101.61M124.99M57.6M25.05M34.84M54.3M
Receivables
1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory
27.73M89.6M95.6M91.1M134.65M177.52M224.82M227.13M223.6M214.1M
Other Current Assets
55.93M104.81M103.46M100.46M134.1M232.08M283.75M261.56M385.31M206.5M
Long-Term Investments
1.65B137.56M1B1.49B2.09B2.36B1.88B1.82B67.76M1.65B
Goodwill
228.66M954.73M954.28M1.03B1.21B1.2B1.32B1.32B1.31B1.32B
Intangible Assets
48.4M51.1M54.99M47.62M114.91M105.12M96.68M93.94M69.14M69.5M
Other Assets
194.14M391.01M429.64M568.38M849.13M1.11B1.21B1.53B4.93B1.49B
Total Liabilities
4.28B5.04B5.36B6.18B7.23B9.08B10.47B11.43B10.78B8.57B
Total Debt
3.2B3.1B3.34B3.94B4.55B6.23B7.53B8.55B6.73B6.34B
Net Debt
3.12B3.05B3.29B3.88B4.45B6.1B7.47B8.49B6.69B6.29B
Long-Term Debt
3.19B3.09B3.32B3.71B4.4B5.85B7.09B7.91B6.22B6.03B
Short-Term Borrowings
7.51M12.38M13.05M225.01M139.87M355.91M423.08M636.07M493.29M309M
Capital Lease Obligations
000014.29M007.74M10.69M17.73M
Total Current Liabilities
407.55M564.75M498.98M872.07M955.4M1.36B1.53B1.69B1.5B926.8M
Accounts Payable
67.55M120.06M89.74M150.34M192.16M185.04M186M210.41M164.15M89.9M
Accrued Expenses
00000000503.25M1.75B
Deferred Revenue
29.06M50.51M62.61M73.94M92.72M114.39M125.6M20.39M00
Other Current Liabilities
303.43M381.81M333.58M422.77M530.64M707.52M799.09M838.7M336.72M155.2M
Deferred Taxes
1000K1000K1000K1000K1000K1000K1000K1000K00
Other Liabilities
462.25M991.78M1.09B1.1B1.3B1.32B1.26B1.25B3.05B1.61B
Total Equity
1.88B▲ 0%
3.37B▲ 79.4%
4.04B▲ 20.0%
4.74B▲ 17.3%
5.99B▲ 26.4%
7.69B▲ 28.4%
7.15B▼ 7.0%
6.94B▼ 2.9%
6.18B▼ 11.0%
5.13B▲ 0%
Equity Growth %
12.42%79.45%19.99%17.33%26.4%28.41%-7%-2.93%-10.97%-70.83%
Shareholders Equity
1.43B2.72B3.18B3.88B5.2B5.85B5.22B5.04B4.71B4.68B
Minority Interest
441.29M644.99M860.88M863.32M785.79M1.84B1.94B1.9B1.47B444.2M
Common Stock
1.47B2.96B3.56B4.02B4.94B6.02B6.18B6.23B7.39B7.4B
Additional Paid-in Capital
0000000000
Retained Earnings
-414.62M-493.11M-595.26M-367.11M45.75M-288.03M-997.49M-1.28B-2.93B-2.92B
Accumulated OCI
190.1M45.35M-19.39M-9.76M-22.51M-71.58M-159.99M-102.29M62.18M12.7M
Return on Assets (ROA)
2%2.12%1.97%5.35%6.82%1.75%-1.18%0.11%-7.81%-8.83%
Return on Equity (ROE)
5.51%5.88%4.74%12.38%15.36%3.84%-2.74%0.29%-21.04%-24.04%
Debt / Equity
1.71x0.92x0.83x0.83x0.76x0.81x1.05x1.23x1.09x1.24x
Debt / Assets
52%36.85%35.54%36.09%34.43%37.11%42.74%46.54%39.67%46.31%
Net Debt / EBITDA
9.74x4.72x5.56x6.00x6.38x7.48x8.71x10.34x7.95x7.94x
Book Value per Share
6.848.728.679.3910.6112.2310.5510.058.426.64

AQNB Cash Flow Statement

Algonquin Power & Utilities Cor (AQNB) cash flow — operating, investing & free cash flow history

MetricDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations
214.69M365.37M503.31M625.47M505.22M157.47M619.1M628.03M481.72M438.57M
Operating CF Growth %
13.28%70.19%37.75%24.27%-19.23%-68.83%293.16%1.44%-23.3%-162.94%
Operating CF / Revenue %
26.09%23.07%32.47%38.11%29.11%7.17%23.86%23.28%20.77%18.44%
Net Income
97.63M154.11M175.55M172.1M504.19M264.86M-74.5M29.2M-1.38B-1.37B
Depreciation & Amortization
139.37M260.54M247.47M290.91M314.12M402.96M455.52M467M395.69M331.54M
Deferred Taxes
21.38M68.07M39.88M54.93M0-50.22M-66.61M000
Other Non-Cash Items
203.32M495.21M568.21M34.78M-256.16M48.89M506.6M227.43M1.54B1.56B
Working Capital Changes
2.76M-59.08M-7.71M61.7M-81.57M-517.43M-212.84M-106.89M-91.37M-99.36M
Capital Expenditures
-2.16B-597.9M-1.06B-1.25B-850.1M-1.38B-1.79B-1.03B-872.42M2.15B
CapEx / Revenue %
262.37%37.75%68.64%76.08%48.98%62.62%68.94%38.03%37.61%90.53%
CapEx / D&A
15.49x2.29x4.30x4.29x2.71x3.42x3.93x2.20x2.20x6.49x
CapEx Coverage (OCF/CapEx)
0.10x0.61x0.47x0.50x0.59x0.11x0.35x0.61x0.55x0.20x
Cash from Investing
-2.16B-603.97M-1.06B-1.25B-1.23B-1.8B-1.79B-1.1B132.74M2.14B
Acquisitions
-322.66M-1.55B319.83M-209.46M-416.16M1.12B-341.59M110.02M00
Purchase of Investments
-1.76B-65.8M-953.82M-685.4M-293.94M-616.84M-212.51M-248.21M00
Sale of Investments
01.61B1.1M1.02M0218.06K2.8M11.96M00
Other Investing
222.71M12.97M17.03M256.96M330.3M-925.78M-165.76M56.78M1.01B3B
Cash from Financing
1.94B197.24M567.34M644.28M766.86M1.67B1.11B442.81M-556.41M-2.64B
Dividends Paid
-95.85M-144.14M-165.52M-209.64M-276.01M-313.34M-371.97M-336.89M-295.55M-245.4M
Dividend Payout Ratio %
98.18%93.53%94.28%38.59%33.5%119.35%-1658.09%--
Debt Issuance (Net)
00001000K-1000K1000K1000K-1000K-2M
Stock Issued
14.9M454.44M454.02M370.79M0976.95M41.82M5.32M00
Share Repurchases
-3.89M-3.31M-2.09M-5.28M-5.27M-3.37M-4.67M-2.43M-3.48M-1.23M
Other Financing
2.03B357.18M732.86M853.92M736.93M2.05B190.46M45.98M1.05B154.02M
Net Change in Cash
-7.62M▲ 0%
-38.8M▼ 409.0%
3.28M▲ 108.5%
15.67M▲ 377.4%
42.75M▲ 172.9%
31.37M▼ 26.6%
-60.2M▼ 291.9%
-25.05M▲ 58.4%
54.95M▲ 319.4%
-64.9M▲ 0%
Exchange Rate Effect
-1.66M598K-606K1.03M573K-1.7M-1.13M-267K-3.09M-176K
Cash at Beginning
89.96M82.34M43.54M46.82M62.48M101.61M124.99M101.19M76.14M90.5M
Cash at End
82.34M43.54M46.82M62.48M101.61M124.99M57.6M76.14M131.09M82.6M
Free Cash Flow
-1.94B▲ 0%
-232.53M▲ 88.0%
-560.74M▼ 141.1%
-623.34M▼ 11.2%
-318.2M▲ 49.0%
-1.22B▼ 283.4%
-1.17B▲ 4.2%
-398.14M▲ 66.0%
-390.7M▲ 1.9%
2.59B▲ 0%
FCF Growth %
-5509.88%88.04%-141.15%-11.16%48.95%-283.43%4.16%65.95%1.87%862.62%
FCF Margin %
-236.28%-14.68%-36.17%-37.98%-18.33%-55.52%-45.07%-14.76%-16.84%108.97%
FCF / Net Income %
-1991.62%-150.88%-319.41%-114.75%-38.63%-464.73%574.35%-1959.53%28.3%-188.99%

AQNB Key Ratios

Algonquin Power & Utilities Cor (AQNB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
Return on Equity (ROE)
5.51%5.88%4.74%12.38%15.36%3.84%-2.74%0.29%-21.04%-24.04%
EBITDA Margin
38.87%40.87%38.21%39.4%40.23%37.13%33.06%30.44%36.29%33.31%
Net Debt / EBITDA
9.74x4.72x5.56x6.00x6.38x7.48x8.71x10.34x7.95x7.94x
Interest Coverage
1.95x2.08x1.87x3.99x1.66x1.66x1.80x1.23x1.20x-
CapEx / Revenue
262.37%37.75%68.64%76.08%48.98%62.62%68.94%38.03%37.61%90.53%
Dividend Payout Ratio
98.18%93.53%94.28%38.59%33.5%119.35%-1658.09%--17.9%
Debt / Equity
1.71x0.92x0.83x0.83x0.76x0.81x1.05x1.23x1.09x1.24x
EPS Growth
9.09%11.11%-5%178.95%35.85%-72.22%-175%110%400%-52.12%
Related:AQNB Dividend History·AQNB Revenue History·AQNB Price History·AQNB P/E History·AQNB Financial Ratios·AQNB Institutional Holders

AQNB Frequently Asked Questions

Algonquin Power & Utilities Cor (AQNB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Algonquin Power & Utilities Cor (AQNB) reported $2.38B in revenue for fiscal year 2024. This represents a 274% increase from $635.7M in 2013.

Algonquin Power & Utilities Cor (AQNB) saw revenue decline by 14.0% over the past year.

Algonquin Power & Utilities Cor (AQNB) reported a net loss of $1.37B for fiscal year 2024.

Dividend & Returns

Yes, Algonquin Power & Utilities Cor (AQNB) pays a dividend with a yield of 1.58%. This makes it attractive for income-focused investors.

Algonquin Power & Utilities Cor (AQNB) has a return on equity (ROE) of -21.0%. Negative ROE indicates the company is unprofitable.

Algonquin Power & Utilities Cor (AQNB) generated $2.59B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Algonquin Power & Utilities Cor (AQNB) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in AQNB back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

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