ALGONQUIN POWER & UTILITIES CORP.
AQNAnalytical Summary
ALGONQUIN POWER & UTILITIES CORP. shows mixed fundamentals. Consider comparing against peers in the Utilities sector before making investment decisions.
16-Year Financial Trajectory
AnnualBullish Indicators
- Operating Margin (%)Operating Margin (%) is in the top quartile
Bearish Risks
- Debt to EquityDebt to Equity is concerning (bottom quartile)
Health Breakdown
Dividend History
Dividend / share · sourced from SEC filingsNo quarterly dividend data reported to the SEC.
Statement lens
Choose the reporting cadence, isolate a period range, or search directly for a metric.
| Metric | FY 2025 Dec 31, 2025 40-F ↗ | FY 2024 Dec 31, 2024 40-F ↗ | FY 2023 Dec 31, 2023 40-F ↗ | FY 2022 Dec 31, 2022 40-F ↗ | FY 2021 Dec 31, 2021 40-F ↗ | FY 2020 Dec 31, 2020 40-F ↗ | FY 2019 Dec 31, 2019 40-F ↗ | FY 2018 Dec 31, 2018 40-F ↗ | FY 2017 Dec 31, 2017 40-F ↗ | FY 2016 Dec 31, 2016 40-F ↗ | FY 2015 Dec 31, 2015 40-F ↗ | FY 2014 Dec 31, 2014 40-F ↗ | FY 2013 Dec 31, 2013 40-F ↗ | FY 2012 Dec 31, 2012 40-F ↗ | FY 2011 Dec 31, 2011 40-F ↗ | FY 2010 Dec 31, 2010 40-F ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue Growth YoY (%) |
4.9%
Caution
↑
Caution
Improving
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+64%)
|
-14.0%
Weak
↓
Weak
Declining
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Below avg (-568%)
|
-2.4%
Weak
↓
Weak
Declining
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Below avg (-181%)
|
21.6%
Excellent
↑
Excellent
Improving
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+620%)
|
35.6%
Excellent
↑
Excellent
Improving
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+1087%)
|
3.2%
Caution
↓
Caution
Declining
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+7%)
|
-1.4%
Weak
Weak
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Below avg (-148%)
|
8.3%
Fair
Fair
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+177%)
|
— | — | — | — | — | — | — | — |
| EPS Growth YoY (%) | N/M | N/M | N/M | N/M |
-70.3%
Weak
↓
Weak
Declining
Year-over-year change in earnings per share
Optimal:
> 10%
|
31.4%
Excellent
Excellent
Year-over-year change in earnings per share
Optimal:
> 10%
|
176.3%
Excellent
Excellent
Year-over-year change in earnings per share
Optimal:
> 10%
|
— | — | — | — | — | — | — | — | — |
| Net Income Growth YoY (%) | N/M | N/M | N/M | N/M |
-66.2%
Weak
↓
Weak
Declining
Year-over-year change in net income |
47.4%
Excellent
↓
Excellent
Declining
Year-over-year change in net income |
187.0%
Excellent
Excellent
Year-over-year change in net income |
23.8%
Good
Good
Year-over-year change in net income |
— | — | — | — | — | — | — | — |
| FCF Growth YoY (%) N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Revenue CAGR 3Y (%) |
-4.2%
Weak
↓
Weak
Declining
Compound annual revenue growth over 3 years |
0.7%
Weak
↓
Weak
Declining
Compound annual revenue growth over 3 years |
17.2%
Excellent
↑
Excellent
Improving
Compound annual revenue growth over 3 years |
19.4%
Excellent
↑
Excellent
Improving
Compound annual revenue growth over 3 years |
11.3%
Good
Good
Compound annual revenue growth over 3 years |
3.3%
Caution
Caution
Compound annual revenue growth over 3 years |
— | — | — | — | — | — | — | — | — | — |
| Revenue CAGR 5Y (%) |
7.7%
Fair
↓
Fair
Declining
Compound annual revenue growth over 5 years |
7.4%
Fair
↓
Fair
Declining
Compound annual revenue growth over 5 years |
10.4%
Good
Good
Compound annual revenue growth over 5 years |
12.7%
Excellent
Excellent
Compound annual revenue growth over 5 years |
— | — | — | — | — | — | — | — | — | — | — | — |
| EPS CAGR 3Y (%) | — | — |
-72.1%
Weak
Weak
Compound annual EPS growth over 3 years |
— |
2.6%
Caution
Caution
Compound annual EPS growth over 3 years |
— | — | — | — | — | — | — | — | — | — | — |
| Metric | FY 2025 Dec 31, 2025 40-F ↗ | FY 2024 Dec 31, 2024 40-F ↗ | FY 2023 Dec 31, 2023 40-F ↗ | FY 2022 Dec 31, 2022 40-F ↗ | FY 2021 Dec 31, 2021 40-F ↗ | FY 2020 Dec 31, 2020 40-F ↗ | FY 2019 Dec 31, 2019 40-F ↗ | FY 2018 Dec 31, 2018 40-F ↗ | FY 2017 Dec 31, 2017 40-F ↗ | FY 2016 Dec 31, 2016 40-F ↗ | FY 2015 Dec 31, 2015 40-F ↗ | FY 2014 Dec 31, 2014 40-F ↗ | FY 2013 Dec 31, 2013 40-F ↗ | FY 2012 Dec 31, 2012 40-F ↗ | FY 2011 Dec 31, 2011 40-F ↗ | FY 2010 Dec 31, 2010 40-F ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin (%) (%) |
20.7%
Good
↑
Good
Improving
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
At sector avg
|
19.2%
Good
↑
Good
Improving
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
At sector avg
|
17.3%
Fair
↓
Fair
Declining
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-14%)
|
14.5%
Fair
↓
Fair
Declining
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-27%)
|
18.2%
Good
↓
Good
Declining
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-9%)
|
22.9%
Good
→
Good
Stable
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Above avg (+15%)
|
22.5%
Good
↓
Good
Declining
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Above avg (+12%)
|
23.0%
Good
Good
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Above avg (+15%)
|
24.8%
Good
Good
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Above avg (+24%)
|
— | — | — | — | — | — | — |
| Effective Tax Rate (%) (%) |
30.8%
Weak
↓
Weak
Declining
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
105.4%
Weak
↑
Weak
Improving
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
72.2%
Weak
↑
Weak
Improving
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
16.6%
Good
↑
Good
Improving
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
-30.5%
Excellent
↓
Excellent
Declining
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
8.2%
Excellent
↓
Excellent
Declining
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
12.6%
Excellent
↓
Excellent
Declining
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
40.3%
Weak
Weak
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
41.9%
Weak
Weak
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
— | — | — | — | — | — | — |
| Profit Margin (%) (%) |
7.4%
Caution
↑
Caution
Improving
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-38%)
|
-59.5%
Weak
↓
Weak
Declining
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-596%)
|
1.1%
Weak
↓
Weak
Declining
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-91%)
|
-7.7%
Weak
↓
Weak
Declining
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-164%)
|
11.6%
Fair
↓
Fair
Declining
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
At sector avg
|
46.7%
Excellent
↑
Excellent
Improving
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Above avg (+289%)
|
32.7%
Excellent
↑
Excellent
Improving
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Above avg (+172%)
|
11.2%
Fair
Fair
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-6%)
|
9.8%
Caution
Caution
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-18%)
|
— | — | — | — | — | — | — |
| FCF Margin (%) (%) N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF / Net Income (x) N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Metric | FY 2025 Dec 31, 2025 40-F ↗ | FY 2024 Dec 31, 2024 40-F ↗ | FY 2023 Dec 31, 2023 40-F ↗ | FY 2022 Dec 31, 2022 40-F ↗ | FY 2021 Dec 31, 2021 40-F ↗ | FY 2020 Dec 31, 2020 40-F ↗ | FY 2019 Dec 31, 2019 40-F ↗ | FY 2018 Dec 31, 2018 40-F ↗ | FY 2017 Dec 31, 2017 40-F ↗ | FY 2016 Dec 31, 2016 40-F ↗ | FY 2015 Dec 31, 2015 40-F ↗ | FY 2014 Dec 31, 2014 40-F ↗ | FY 2013 Dec 31, 2013 40-F ↗ | FY 2012 Dec 31, 2012 40-F ↗ | FY 2011 Dec 31, 2011 40-F ↗ | FY 2010 Dec 31, 2010 40-F ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Invested Capital (%) |
3.1%
Weak
↑
Weak
Improving
Return earned on debt + equity capital invested
Optimal:
> 10%
|
-0.2%
Weak
↓
Weak
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
1.0%
Weak
↓
Weak
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
2.6%
Weak
↓
Weak
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
4.5%
Caution
↑
Caution
Improving
Return earned on debt + equity capital invested
Optimal:
> 10%
|
3.6%
Weak
→
Weak
Stable
Return earned on debt + equity capital invested
Optimal:
> 10%
|
4.1%
Caution
↑
Caution
Improving
Return earned on debt + equity capital invested
Optimal:
> 10%
|
3.5%
Weak
Weak
Return earned on debt + equity capital invested
Optimal:
> 10%
|
3.8%
Weak
Weak
Return earned on debt + equity capital invested
Optimal:
> 10%
|
— | — | — | — | — | — | — |
| Return on Capital (%) (%) |
3.6%
Weak
↑
Weak
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
2.6%
Weak
↑
Weak
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
2.5%
Weak
→
Weak
Stable
Operating profit relative to total assets
Optimal:
> 10%
|
2.3%
Weak
↓
Weak
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
2.5%
Weak
↓
Weak
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
2.9%
Weak
↓
Weak
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
3.3%
Weak
↓
Weak
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
4.0%
Caution
Caution
Operating profit relative to total assets
Optimal:
> 10%
|
4.5%
Caution
Caution
Operating profit relative to total assets
Optimal:
> 10%
|
— | — | — | — | — | — | — |
| Return on Common Equity (%) (%) |
3.9%
Weak
↑
Weak
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-61%)
|
-29.3%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-393%)
|
0.6%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-94%)
|
-4.1%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-141%)
|
4.5%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-55%)
|
15.0%
Good
↑
Good
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Above avg (+50%)
|
13.7%
Fair
↑
Fair
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Above avg (+37%)
|
5.8%
Caution
Caution
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-42%)
|
5.5%
Caution
Caution
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-45%)
|
— | — | — | — | — | — | — |
| Metric | FY 2025 Dec 31, 2025 40-F ↗ | FY 2024 Dec 31, 2024 40-F ↗ | FY 2023 Dec 31, 2023 40-F ↗ | FY 2022 Dec 31, 2022 40-F ↗ | FY 2021 Dec 31, 2021 40-F ↗ | FY 2020 Dec 31, 2020 40-F ↗ | FY 2019 Dec 31, 2019 40-F ↗ | FY 2018 Dec 31, 2018 40-F ↗ | FY 2017 Dec 31, 2017 40-F ↗ | FY 2016 Dec 31, 2016 40-F ↗ | FY 2015 Dec 31, 2015 40-F ↗ | FY 2014 Dec 31, 2014 40-F ↗ | FY 2013 Dec 31, 2013 40-F ↗ | FY 2012 Dec 31, 2012 40-F ↗ | FY 2011 Dec 31, 2011 40-F ↗ | FY 2010 Dec 31, 2010 40-F ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt to Equity (x) |
1.67x
Weak
→
Weak
Stable
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+28%)
|
1.45x
Caution
→
Caution
Stable
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+11%)
|
1.84x
Weak
↑
Weak
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+42%)
|
1.57x
Weak
↑
Weak
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+21%)
|
1.06x
Caution
→
Caution
Stable
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-18%)
|
0.91x
Fair
↓
Fair
Declining
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-30%)
|
1.11x
Caution
→
Caution
Stable
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-14%)
|
1.05x
Caution
Caution
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-19%)
|
1.13x
Caution
Caution
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-13%)
|
— | — | — | — | — | — | — |
| Interest Coverage (x) |
1.79x
Caution
↑
Caution
Improving
Operating income divided by interest expense
Optimal:
> 5x
|
1.23x
Weak
↓
Weak
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
1.32x
Weak
↓
Weak
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
1.44x
Weak
↓
Weak
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
1.97x
Caution
↓
Caution
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
2.11x
Caution
↓
Caution
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
2.01x
Caution
↓
Caution
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
2.49x
Caution
Caution
Operating income divided by interest expense
Optimal:
> 5x
|
2.42x
Caution
Caution
Operating income divided by interest expense
Optimal:
> 5x
|
— | — | — | — | — | — | — |
| Net Debt (USD) | $7.71B | $6.78B | $9.23B | $8.16B | $6.09B | $4.63B | $4.25B | $3.29B | $3.02B | — | — | — | — | — | — | — |
| Debt / EBITDA (x) |
8.56x
Weak
↓
Weak
Declining
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
8.10x
Weak
↓
Weak
Declining
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
9.95x
Weak
↑
Weak
Improving
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
9.58x
Weak
↑
Weak
Improving
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
7.61x
Weak
↑
Weak
Improving
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
6.78x
Weak
↑
Weak
Improving
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
6.63x
Weak
↑
Weak
Improving
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
5.22x
Weak
Weak
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
4.88x
Weak
Weak
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
— | — | — | — | — | — | — |
| Metric | FY 2025 Dec 31, 2025 40-F ↗ | FY 2024 Dec 31, 2024 40-F ↗ | FY 2023 Dec 31, 2023 40-F ↗ | FY 2022 Dec 31, 2022 40-F ↗ | FY 2021 Dec 31, 2021 40-F ↗ | FY 2020 Dec 31, 2020 40-F ↗ | FY 2019 Dec 31, 2019 40-F ↗ | FY 2018 Dec 31, 2018 40-F ↗ | FY 2017 Dec 31, 2017 40-F ↗ | FY 2016 Dec 31, 2016 40-F ↗ | FY 2015 Dec 31, 2015 40-F ↗ | FY 2014 Dec 31, 2014 40-F ↗ | FY 2013 Dec 31, 2013 40-F ↗ | FY 2012 Dec 31, 2012 40-F ↗ | FY 2011 Dec 31, 2011 40-F ↗ | FY 2010 Dec 31, 2010 40-F ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Working Capital (USD) | $5.20M | $-362.40M | $-618.84M | $-439.98M | $-425.97M | $-260.20M | $-358.88M | $-7.38M | $-65.66M | — | — | — | — | — | — | — |
| LT Debt (USD) | $6.53B | $6.70B | $8.52B | $7.51B | $6.21B | $4.54B | $3.93B | $3.34B | $3.07B | — | — | — | — | — | — | — |
| Total Equity (USD) | $4.64B | $4.71B | $5.04B | $5.22B | $5.86B | $5.20B | $3.88B | $3.18B | $2.72B | — | — | — | — | — | — | — |
| Metric | FY 2025 Dec 31, 2025 40-F ↗ | FY 2024 Dec 31, 2024 40-F ↗ | FY 2023 Dec 31, 2023 40-F ↗ | FY 2022 Dec 31, 2022 40-F ↗ | FY 2021 Dec 31, 2021 40-F ↗ | FY 2020 Dec 31, 2020 40-F ↗ | FY 2019 Dec 31, 2019 40-F ↗ | FY 2018 Dec 31, 2018 40-F ↗ | FY 2017 Dec 31, 2017 40-F ↗ | FY 2016 Dec 31, 2016 40-F ↗ | FY 2015 Dec 31, 2015 40-F ↗ | FY 2014 Dec 31, 2014 40-F ↗ | FY 2013 Dec 31, 2013 40-F ↗ | FY 2012 Dec 31, 2012 40-F ↗ | FY 2011 Dec 31, 2011 40-F ↗ | FY 2010 Dec 31, 2010 40-F ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue/Turnover (USD) | $2.43B | $2.32B | $2.70B | $2.77B | $2.27B | $1.68B | $1.62B | $1.65B | $1.52B | — | — | — | — | — | — | — |
| Depreciation Expense (USD) | $400.30M | $395.70M | $467.00M | $455.52M | $402.96M | $314.12M | $284.30M | $260.77M | $251.31M | — | — | — | — | — | — | — |
| Net Income, GAAP (USD) | $180.80M | $-1.38B | $28.67M | $-211.99M | $264.86M | $782.46M | $530.88M | $184.99M | $149.47M | — | — | — | — | — | — | — |
| Operating Cash Flow (USD) | $593.60M | $481.70M | $628.03M | $619.10M | $157.47M | $505.22M | $611.26M | $530.35M | $326.57M | — | — | — | — | — | — | — |
Secondary lens
Benchmark Lens
Compare AQN against peers after checking the statement evidence.
Open lens
Benchmark Lens
Compare AQN against peers after checking the statement evidence.
Signals
Key bullish and bearish indicators for AQN
Operating Margin (%) is in the top quartile
Debt to Equity is concerning (bottom quartile)
Percentile Rankings
How AQN compares to all companies
Peer Comparison
AQN vs similar peers
Compare AQN with peers
Stack AQN against similar companies across every metric on this page.
north_east Open comparisonbar_chart Data from SEC EDGAR XBRL filings
Synced 1 week ago 16 years · 16 quarters