12 years of historical data (2013–2024) · Utilities · Regulated Electric
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 Cor trades at 171.6x earnings, 35% below its 5-year average of 265.0x, sitting at the 100th percentile of its historical range. Compared to the Utilities sector median P/E of 21.0x, the stock trades at a premium of 718%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | — | $18.5B | $16.7B | $14.5B | $17.1B | $15.9B | $14.2B | — | — | — | — |
| Enterprise Value | — | $25.2B | $25.2B | $21.9B | $23.2B | $20.3B | $18.1B | — | — | — | — |
| P/E Ratio → | 171.60 | 168.13 | 804.33 | — | 68.00 | 19.54 | 26.60 | — | — | — | — |
| P/S Ratio | — | 7.98 | 6.18 | 5.57 | 7.78 | 9.15 | 8.67 | — | — | — | — |
| P/B Ratio | 3.06 | 2.99 | 2.40 | 2.02 | 2.22 | 2.65 | 3.00 | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | 38.43 | 26.54 | 24.31 | 109.61 | 29.86 | 22.76 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.87 | 9.33 | 8.45 | 10.56 | 11.72 | 11.03 | — | — | — | — |
| EV / EBITDA | — | 29.94 | 30.64 | 25.57 | 28.44 | 29.12 | 28.01 | — | — | — | — |
| EV / EBIT | — | 57.88 | 54.40 | 43.81 | 65.35 | 59.60 | 23.51 | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Algonquin Power & Utilities Cor earns an operating margin of 19.2%, roughly in line with the Utilities sector average. Operating margins have expanded from 15.5% 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 2.4% 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 | 36.4% | 36.4% | 31.0% | 19.5% | 18.0% | 25.3% | 25.2% | 25.5% | 27.7% | 26.1% | 22.0% |
| Operating Margin | 19.2% | 19.2% | 17.3% | 15.5% | 18.8% | 22.1% | 21.7% | 22.2% | 24.4% | 21.9% | 18.1% |
| Net Profit Margin | -59.5% | -59.5% | 0.8% | -7.8% | 11.9% | 47.5% | 33.1% | 11.3% | 9.7% | 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% | 0.3% | -2.7% | 3.8% | 15.4% | 12.4% | 4.7% | 5.9% | 5.5% | 5.2% |
| ROA | -7.8% | -7.8% | 0.1% | -1.2% | 1.8% | 6.8% | 5.3% | 2.0% | 2.1% | 2.0% | 2.4% |
| ROIC | 2.4% | 2.4% | 2.3% | 2.1% | 2.6% | 3.0% | 3.3% | 3.8% | 5.1% | 3.5% | 3.8% |
| ROCE | 2.8% | 2.8% | 2.9% | 2.6% | 3.0% | 3.4% | 3.8% | 4.1% | 5.7% | 4.0% | 4.1% |
Solvency and debt-coverage ratios — lower is generally safer
Algonquin Power & Utilities Cor carries a Debt/EBITDA ratio of 8.0x, which is highly leveraged (89% above the sector average of 4.2x). Net debt stands at $6.7B ($6.7B total debt minus $35M cash). Interest coverage of just 1.2x 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 | 1.09 | 1.09 | 1.23 | 1.05 | 0.81 | 0.76 | 0.83 | 0.83 | 0.92 | 1.71 | 0.65 |
| Debt / EBITDA | 7.99 | 7.99 | 10.41 | 8.78 | 7.63 | 6.52 | 6.09 | 5.64 | 4.79 | 10.00 | 4.47 |
| Net Debt / Equity | — | 1.08 | 1.22 | 1.04 | 0.79 | 0.74 | 0.82 | 0.82 | 0.91 | 1.66 | 0.60 |
| Net Debt / EBITDA | 7.95 | 7.95 | 10.34 | 8.71 | 7.48 | 6.38 | 6.00 | 5.56 | 4.72 | 9.74 | 4.10 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.23 | 1.23 | 1.25 | 1.45 | 1.93 | 1.87 | 1.84 | 2.33 | 2.31 | 1.78 | 2.72 |
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 | 0.83 | 1.01 |
| Cash Ratio | 0.02 | 0.02 | 0.03 | 0.04 | 0.09 | 0.11 | 0.07 | 0.09 | 0.11 | 0.34 | 0.36 |
| Asset Turnover | — | 0.14 | 0.15 | 0.15 | 0.13 | 0.13 | 0.15 | 0.16 | 0.19 | 0.13 | 0.21 |
| Inventory Turnover | 6.59 | 6.59 | 9.46 | 9.28 | 10.16 | 9.63 | 13.47 | 12.08 | 12.79 | 21.92 | 28.25 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Algonquin Power & Utilities Cor pays a dividend yield of 1.6%. The earnings yield of 0.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 1.6% | 1.6% | 2.0% | 2.6% | 1.8% | 1.7% | 1.5% | — | — | — | — |
| Payout Ratio | — | — | 1658.1% | — | 119.4% | 33.5% | 38.6% | 94.3% | 93.5% | 98.2% | 76.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.6% | 0.6% | 0.1% | — | 1.5% | 5.1% | 3.8% | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | — | 1.6% | 2.0% | 2.6% | 1.9% | 1.8% | 1.5% | — | — | — | — |
| Shares Outstanding | — | $734M | $691M | $678M | $629M | $564M | $505M | $466M | $386M | $274M | $257M |
Compare AQNB with 1 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| AQNBYou | — | 171.6 | — | — | 36.4% | 19.2% | -21.0% | 2.4% | 8.0 |
| NEE | $195B | 28.5 | 18.8 | — | 62.8% | 30.1% | 10.7% | 4.1% | 6.2 |
| 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 · 12 years · Updated daily
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Start ComparisonAlgonquin Power & Utilities Cor's current P/E ratio is 171.6x. The historical average is 70.6x. This places it at the 100th percentile of its historical range.
Algonquin Power & Utilities Cor's return on equity (ROE) is -21.0%. The historical average is 2.9%.
Based on historical data, Algonquin Power & Utilities Cor is trading at a P/E of 171.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Algonquin Power & Utilities Cor's current dividend yield is 1.56%.
Algonquin Power & Utilities Cor has 36.4% gross margin and 19.2% operating margin. Operating margin between 10-20% is typical for established companies.
Algonquin Power & Utilities Cor's Debt/EBITDA ratio is 8.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.