Algonquin Power & Utilities Cor (AQNB) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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AQNB Revenue Growth
AQNB Revenue Analysis (2013–2024)
As of May 8, 2026, Algonquin Power & Utilities Cor (AQNB) generated trailing twelve-month (TTM) revenue of $2.38 billion, reflecting exceptional growth of +24.4% year-over-year. The most recent quarter (Q2 2025) recorded $527.8 million in revenue, down 23.8% sequentially.
Looking at the longer-term picture, AQNB's 5-year compound annual growth rate (CAGR) stands at +7.2%, indicating steady revenue expansion. The company achieved its highest annual revenue of $2.70 billion in 2023.
When compared to Utilities sector peers including AES (+3.0% YoY), NI (+15.0% YoY), and PNW (+4.8% YoY), AQNB has outperformed the peer group in terms of revenue growth. Compare AQNB vs AES →
AQNB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AQNBCurrent | $2.4B | +24.4% | +7.2% | 19.2% | |
 AES | $12.2B | +3.0% | +4.8% | 16.1% | |
 NI | $6.6B | +15.0% | +7.2% | 27.6% | |
 PNW | $5.3B | +4.8% | +8.3% | 20.9% | |
 AVA | $2.0B | -1.5% | +8.2% | 18.0% | |
 OTTR | $1.3B | -0.5% | +7.9% | 26.5% |
AQNB Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $2.32B | -14.0% | $845.3M | 36.4% | $446.1M | 19.2% |
| 2023 | $2.70B | +4.0% | $836.5M | 31.0% | $467.3M | 17.3% |
| 2022 | $2.59B | +18.0% | $507.0M | 19.5% | $402.0M | 15.5% |
| 2021 | $2.20B | +26.6% | $394.6M | 18.0% | $413.1M | 18.8% |
| 2020 | $1.74B | +5.7% | $438.5M | 25.3% | $384.0M | 22.1% |
| 2019 | $1.64B | +5.9% | $413.9M | 25.2% | $355.8M | 21.7% |
| 2018 | $1.55B | -2.1% | $394.9M | 25.5% | $344.9M | 22.2% |
| 2017 | $1.58B | +92.5% | $438.2M | 27.7% | $386.8M | 24.4% |
| 2016 | $822.9M | +10.7% | $215.0M | 26.1% | $180.5M | 21.9% |
| 2015 | $743.7M | -8.5% | $164.0M | 22.0% | $134.7M | 18.1% |
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Start ComparisonAQNB — Frequently Asked Questions
Quick answers to the most common questions about buying AQNB stock.
Is AQNB's revenue growth accelerating or slowing?
AQNB revenue is accelerating at +24.4% year-over-year, exceeding the 5-year CAGR of +7.2%. TTM revenue reached $2.4B. Growth momentum has increased versus prior periods.
What is AQNB's long-term revenue growth rate?
Algonquin Power & Utilities Cor's 5-year revenue CAGR of +7.2% reflects the sustained expansion pattern. Current YoY growth of +24.4% is above this long-term average.
How is AQNB's revenue distributed by segment?
AQNB reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.