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Algonquin Power & Utilities Corp. AQN

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5.65 USD +0.13 (+2.36%)

Nov 9, 2026, 12:51 PM EST

5.52 Day range 5.69
4.91 52-week range 7.11
YTD
-8.13%
1 year
-9.46%

Financial health

Altman Z-Score

0.28 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

5 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

Rating

C+2 / 5 overall

  • DCF 1
  • Return on Equity 1
  • Return on Assets 2
  • Debt / Equity 3
  • P/E 1
  • P/B 4

Valuation

P/E 26.7×
FY 2016: 25.7×FY 2017: 29.4×FY 2018: 25.1×FY 2019: 13.3×FY 2020: 11.9×FY 2021: 35.2×FY 2022: -13.3×FY 2023: 211×FY 2024: -2.5×FY 2025: 26.7×
FY 2016 5y median 26.7× FY 2025
P/S 1.9×
FY 2016: 2.8×FY 2017: 2.7×FY 2018: 2.8×FY 2019: 4.3×FY 2020: 5.5×FY 2021: 4.0×FY 2022: 1.5×FY 2023: 1.8×FY 2024: 1.4×FY 2025: 1.9×
FY 2016 5y median 1.8× FY 2025
P/B 1.0×
FY 2016: 1.6×FY 2017: 1.6×FY 2018: 1.5×FY 2019: 1.8×FY 2020: 1.8×FY 2021: 1.5×FY 2022: 0.8×FY 2023: 0.9×FY 2024: 0.7×FY 2025: 1.0×
FY 2016 5y median 0.9× FY 2025
P/FCF -26.0×
FY 2016: -26.2×FY 2017: -18.9×FY 2018: 76.4×FY 2019: 231×FY 2020: -31.2×FY 2021: -7.6×FY 2022: -9.1×FY 2023: -10.7×FY 2024: -8.8×FY 2025: -26.0×
FY 2016 5y median -9.1× FY 2025
EV/EBITDA 12.1×
FY 2016: 16.2×FY 2017: 12.1×FY 2018: 15.2×FY 2019: 10.7×FY 2020: 10.6×FY 2021: 19.5×FY 2022: 30.4×FY 2023: 18.9×FY 2024: 10.5×FY 2025: 12.1×
FY 2016 5y median 18.9× FY 2025
EV/Sales 4.6×
FY 2016: 6.6×FY 2017: 4.6×FY 2018: 4.8×FY 2019: 6.7×FY 2020: 8.1×FY 2021: 6.6×FY 2022: 4.2×FY 2023: 4.9×FY 2024: 4.3×FY 2025: 4.6×
FY 2016 5y median 4.6× FY 2025
FCF Yield -3.8%
FY 2016: -3.8%FY 2017: -5.3%FY 2018: 1.3%FY 2019: 0.4%FY 2020: -3.2%FY 2021: -13.1%FY 2022: -11.0%FY 2023: -9.3%FY 2024: -11.4%FY 2025: -3.8%
FY 2016 5y median -11.0% FY 2025

Profitability

Gross Margin 73.7%
FY 2016: 73.1%FY 2017: 74.2%FY 2018: 70.6%FY 2019: 72.7%FY 2020: 76.1%FY 2021: 68.6%FY 2022: 68.7%FY 2023: 69.1%FY 2024: 74.4%FY 2025: 73.7%
FY 2016 5y median 69.1% FY 2025
Operating Margin 21.5%
FY 2016: 21.4%FY 2017: 24.1%FY 2018: 22.9%FY 2019: 22.6%FY 2020: 22.9%FY 2021: 18.2%FY 2022: 14.5%FY 2023: 19.4%FY 2024: 19.2%FY 2025: 21.5%
FY 2016 5y median 19.2% FY 2025
Net Margin 7.4%
FY 2016: 11.9%FY 2017: 9.8%FY 2018: 11.2%FY 2019: 32.6%FY 2020: 46.7%FY 2021: 11.6%FY 2022: -7.7%FY 2023: 1.2%FY 2024: -59.5%FY 2025: 7.4%
FY 2016 5y median 1.2% FY 2025
ROE 3.9%
FY 2016: 6.8%FY 2017: 5.7%FY 2018: 5.8%FY 2019: 13.7%FY 2020: 15.0%FY 2021: 4.5%FY 2022: -4.1%FY 2023: 0.6%FY 2024: -29.3%FY 2025: 3.9%
FY 2016 5y median 0.6% FY 2025
ROIC 2.7%
FY 2016: 2.2%FY 2017: 2.8%FY 2018: 2.5%FY 2019: 3.1%FY 2020: 2.8%FY 2021: 2.6%FY 2022: 2.0%FY 2023: 1.1%FY 2024: -0.2%FY 2025: 2.7%
FY 2016 5y median 2.0% FY 2025
ROA 1.3%
FY 2016: 1.6%FY 2017: 1.8%FY 2018: 2.0%FY 2019: 4.9%FY 2020: 5.9%FY 2021: 1.6%FY 2022: -1.2%FY 2023: 0.2%FY 2024: -8.1%FY 2025: 1.3%
FY 2016 5y median 0.2% FY 2025

Growth (YoY)

Revenue 4.9%
FY 2016: 10.1%FY 2017: 92.9%FY 2018: 4.7%FY 2019: -1.3%FY 2020: 3.1%FY 2021: 35.6%FY 2022: 21.6%FY 2023: -13.1%FY 2024: -3.5%FY 2025: 4.9%
FY 2016 FY 2025
Operating Income 17.3%
FY 2016: 31.4%FY 2017: 117.3%FY 2018: -0.6%FY 2019: -2.8%FY 2020: 4.7%FY 2021: 7.6%FY 2022: -2.7%FY 2023: 16.2%FY 2024: -4.5%FY 2025: 17.3%
FY 2016 FY 2025
EPS (diluted) 112.7%
FY 2016: 10.0%FY 2017: 12.1%FY 2018: 8.1%FY 2019: 165.0%FY 2020: 29.2%FY 2021: -70.1%FY 2022: -219.5%FY 2023: 106.1%FY 2024: -6133.3%FY 2025: 112.7%
FY 2016 FY 2025
Free Cash Flow 51.2%
FY 2016: -306.7%FY 2017: -156.4%FY 2018: 127.0%FY 2019: -49.6%FY 2020: -1065.4%FY 2021: -298.2%FY 2022: 61.7%FY 2023: 10.2%FY 2024: 8.3%FY 2025: 51.2%
FY 2016 FY 2025

Financial Health

Current Ratio 1.0×
FY 2016: 0.9×FY 2017: 0.9×FY 2018: 1.0×FY 2019: 0.6×FY 2020: 0.7×FY 2021: 0.7×FY 2022: 0.7×FY 2023: 0.6×FY 2024: 0.8×FY 2025: 1.0×
FY 2016 5y median 0.7× FY 2025
Quick Ratio 0.8×
FY 2016: 0.9×FY 2017: 0.7×FY 2018: 0.8×FY 2019: 0.5×FY 2020: 0.6×FY 2021: 0.6×FY 2022: 0.6×FY 2023: 0.5×FY 2024: 0.6×FY 2025: 0.8×
FY 2016 5y median 0.6× FY 2025
Debt / Equity 1.4×
FY 2016: 2.2×FY 2017: 1.1×FY 2018: 1.1×FY 2019: 1.0×FY 2020: 0.9×FY 2021: 1.1×FY 2022: 1.4×FY 2023: 1.5×FY 2024: 1.4×FY 2025: 1.4×
FY 2016 5y median 1.4× FY 2025
Net Debt / EBITDA 7.0×
FY 2016: 9.3×FY 2017: 5.0×FY 2018: 6.3×FY 2019: 3.8×FY 2020: 3.4×FY 2021: 7.9×FY 2022: 19.6×FY 2023: 11.9×FY 2024: 7.1×FY 2025: 7.0×
FY 2016 5y median 7.9× FY 2025
Interest Coverage 1.7×
FY 2016: 1.8×FY 2017: 2.4×FY 2018: 2.5×FY 2019: 2.0×FY 2020: 2.1×FY 2021: 1.8×FY 2022: 1.4×FY 2023: 1.4×FY 2024: 1.3×FY 2025: 1.7×
FY 2016 5y median 1.4× FY 2025

Dividends

Dividend Yield 4.6%
FY 2016: 4.2%FY 2017: 3.4%FY 2018: 3.6%FY 2019: 3.0%FY 2020: 3.0%FY 2021: 3.5%FY 2022: 9.1%FY 2023: 7.7%FY 2024: 8.6%FY 2025: 4.6%
FY 2016 5y median 7.7% FY 2025
Payout Ratio 119.2%
FY 2016: 98.4%FY 2017: 93.9%FY 2018: 89.5%FY 2019: 39.5%FY 2020: 35.3%FY 2021: 118.3%FY 2022: -175.5%FY 2023: 1174.9%FY 2024: -20.4%FY 2025: 119.2%
FY 2016 5y median 118.3% FY 2025

Annual · latest fiscal year ends 2025-12-31