AQN
Algonquin Power & Utilities Corp
NYSE: AQN · UTILITIES · UTILITIES - DIVERSIFIED
$6.16
-1.60% today
Updated 2026-04-29
Market cap
$4.74B
P/E ratio
22.81
P/S ratio
1.95x
EPS (TTM)
$0.27
Dividend yield
4.15%
52W range
$5 – $7
Volume
4.5M
Algonquin Power & Utilities Corp (AQN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $172.80M | $188.00M | $175.67M | $178.84M | $182.85M | $270.95M | $371.81M | $634.21M | $812.81M | $740.69M | $815.43M | $1.57B | $1.65B | $1.63B | $1.68B | $2.27B | $2.77B | $2.40B | $2.32B | $2.45B |
| Revenue growth (YoY) | — | +8.8% | -6.6% | +1.8% | +2.2% | +48.2% | +37.2% | +70.6% | +28.2% | -8.9% | +10.1% | +92.9% | +4.7% | -1.3% | +3.1% | +35.6% | +21.6% | -13.1% | -3.5% | +5.6% |
| Cost of revenue | $96.38M | $100.29M | $99.00M | $98.11M | $97.84M | $156.27M | $120.88M | $247.29M | $362.56M | $271.58M | $219.71M | $405.88M | $484.14M | $443.30M | $401.01M | $713.91M | $866.35M | $743.50M | $594.33M | $1.86B |
| Gross profit | $76.42M | $87.71M | $76.68M | $80.73M | $85.02M | $114.67M | $250.93M | $386.92M | $450.25M | $469.11M | $595.72M | $1.17B | $1.16B | $1.18B | $1.28B | $1.56B | $1.90B | $1.66B | $1.73B | $587.41M |
| Gross margin | 44.2% | 46.7% | 43.6% | 45.1% | 46.5% | 42.3% | 67.5% | 61.0% | 55.4% | 63.3% | 73.1% | 74.2% | 70.6% | 72.7% | 76.1% | 68.6% | 68.7% | 69.1% | 74.4% | 24.0% |
| R&D | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $6.88M | $8.55M | $8.47M | $9.94M | $14.88M | $17.17M | $19.71M | $22.09M | $29.88M | $29.31M | $34.48M | $51.27M | $56.62M | $56.80M | $75.76M | $66.73M | $80.23M | $90.36M | — | — |
| Operating income | $35.89M | $43.30M | $28.88M | $28.18M | $24.10M | $37.08M | $45.95M | $97.58M | $119.79M | $133.01M | $174.76M | $379.69M | $377.36M | $366.85M | $384.03M | $413.10M | $402.05M | $467.29M | $446.09M | $505.29M |
| Operating margin | 20.8% | 23.0% | 16.4% | 15.8% | 13.2% | 13.7% | 12.4% | 15.4% | 14.7% | 18.0% | 21.4% | 24.1% | 22.9% | 22.6% | 22.9% | 18.2% | 14.5% | 19.4% | 19.2% | 20.6% |
| EBITDA | $70.77M | $111.09M | $40.01M | $89.64M | $71.19M | $80.86M | $94.16M | $197.81M | $214.91M | $249.12M | $334.07M | $602.67M | $520.46M | $1.02B | $1.29B | $772.86M | $379.60M | $732.98M | $1.04B | $912.60M |
| EBITDA margin | 41.0% | 59.1% | 22.8% | 50.1% | 38.9% | 29.8% | 25.3% | 31.2% | 26.4% | 33.6% | 41.0% | 38.3% | 31.6% | 62.8% | 76.8% | 34.0% | 13.7% | 30.5% | 45.0% | 37.3% |
| EBIT | $36.71M | $67.06M | $3.05M | $44.55M | $21.72M | $33.83M | $37.15M | $104.77M | $115.50M | $139.85M | $194.70M | $342.13M | $272.99M | $736.55M | $974.35M | $369.90M | $-75.92M | $265.99M | $566.51M | $505.29M |
| Interest expense | $22.29M | $26.83M | $21.60M | $20.08M | $25.61M | $29.81M | $35.81M | $50.10M | $53.77M | $47.56M | $97.90M | $155.82M | $152.12M | $181.49M | $181.93M | $227.67M | $293.75M | $328.10M | $346.12M | $287.45M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $23.98M | $23.90M | $-15.64M | $59.65M | $19.64M | $22.90M | $14.61M | $19.06M | $65.21M | $84.66M | $97.41M | $153.55M | $184.99M | $530.88M | $782.46M | $264.86M | $-211.99M | $28.67M | $-1.38B | $184.78M |
| Net income growth (YoY) | — | -0.3% | -165.4% | +481.3% | -67.1% | +16.6% | -36.2% | +30.5% | +242.1% | +29.8% | +15.1% | +57.6% | +20.5% | +187.0% | +47.4% | -66.2% | -180.0% | +113.5% | -4914.5% | +113.4% |
| Profit margin | 13.9% | 12.7% | -8.9% | 33.4% | 10.7% | 8.5% | 3.9% | 3.0% | 8.0% | 11.4% | 11.9% | 9.8% | 11.2% | 32.6% | 46.7% | 11.6% | -7.7% | 1.2% | -59.5% | 7.5% |