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AQN (Algonquin Power & Utilities Corp.) Stock Financials & Earnings | Market Cap Arena
AQN
Algonquin Power & Utilities Corp.
Mkt Cap
$5B
Utilities
·
Renewable Utilities
·
🇨🇦 Canada
·
NYSE
Revenue (TTM)
$2.4B
Net Income (TTM)
-$27M
EPS (TTM)
-$0.03
Free Cash Flow (TTM)
-$344M
Gross Margin
65.0%
Op. Margin
20.9%
Net Margin
-1.1%
FCF Margin
-14.4%
P/S Ratio (TTM)
2.0x
P/E Ratio (TTM)
—
YoY Rev Growth
-0.6%
Employees
—
Earnings Reports
▶
Q3 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q4 22
$738M
$480M
$19M
Q1 23
$779M
$504M
$142M
Q2 23
$628M
$486M
$94M
Q3 23
$565M
$427M
$125M
Q4 23
$667M
$489M
$96M
Q1 24
$646M
$444M
$144M
Q2 24
$515M
$400M
$86M
Q3 24
$573M
$452M
$111M
Q4 24
$585M
$205M
$106M
Q1 25
$692M
$487M
$179M
Q2 25
$528M
$403M
$65M
Q3 25
$583M
$456M
$150M
marketcaparena.com
Revenue Breakdown
AQN
Algonquin Power & Utilities Corp.
Revenue Breakdown
Q3 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q4 22
1.7x
—
Q1 23
1.7x
—
Q2 23
1.7x
—
Q3 23
1.8x
—
Q4 23
1.8x
167.4x
Q1 24
1.9x
—
Q2 24
2.0x
38.9x
Q3 24
2.0x
—
Q4 24
2.1x
—
Q1 25
2.0x
—
Q2 25
2.0x
—
Q3 25
2.0x
—
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q4 22
$212M
$15M
Q1 23
$34M
-$136M
Q2 23
$265M
$16M
Q3 23
$131M
-$145M
Q4 23
$205M
-$134M
Q1 24
$130M
-$81M
Q2 24
$235M
$31M
Q3 24
$67M
-$116M
Q4 24
$49M
-$216M
Q1 25
$74M
-$148M
Q2 25
$260M
$72M
Q3 25
$99M
-$52M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q4 22
$197M
Q1 23
$170M
Q2 23
$249M
Q3 23
$276M
Q4 23
$340M
Q1 24
$212M
Q2 24
$204M
Q3 24
$183M
Q4 24
$265M
Q1 25
$222M
Q2 25
$188M
Q3 25
$151M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q4 22
+24.1%
+56.2%
Q1 23
+6.2%
+6.7%
Q2 23
+1.4%
+4.3%
Q3 23
-15.0%
-17.0%
Q4 23
-9.7%
-20.8%
Q1 24
-17.0%
-21.0%
Q2 24
-17.9%
-19.5%
Q3 24
+1.5%
+5.2%
Q4 24
-12.3%
-16.0%
Q1 25
+7.1%
+2.2%
Q2 25
+2.4%
+7.7%
Q3 25
+1.7%
-6.3%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q4 22
$0
0.0%
Q1 23
$0
0.0%
Q2 23
$0
0.0%
Q3 23
$0
0.0%
Q4 23
$0
0.0%
Q1 24
$0
0.0%
Q2 24
$0
0.0%
Q3 24
$0
0.0%
Q4 24
$0
0.0%
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
$4M
0.6%
marketcaparena.com
OpEx Breakdown
G&A
SG&A
Quarter
G&A
SG&A
Q4 22
$19M
—
Q1 23
$5M
—
Q2 23
$5M
—
Q3 23
$33M
—
Q4 23
$19M
—
Q1 24
$3M
—
Q2 24
$4M
—
Q4 24
—
$4M
marketcaparena.com
Revenue Segments
Non-Regulated Energy
Other Revenue
Regulated Electricity
Regulated Gas
Regulated Water
Quarter
Non-Regulated Energy
Other Revenue
Regulated Electricity
Regulated Gas
Regulated Water
Q2 23
$72M
$24M
$327M
$110M
$96M
marketcaparena.com
Revenue by Geography
Canada
International, Excluding Canada
United States
Quarter
Canada
International, Excluding Canada
United States
Q2 23
$38M
$86M
$504M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q4 22
$58M
$0
$58M
Q1 23
$61M
$0
$61M
Q2 23
$100M
$0
$100M
Q3 23
$95M
$0
$95M
Q4 23
$25M
$0
$25M
Q1 24
$86M
$0
$86M
Q2 24
$132M
$0
$132M
Q3 24
$64M
$0
$64M
Q4 24
$35M
$0
$35M
Q1 25
$72M
$0
$72M
Q2 25
$54M
$0
$54M
Q3 25
$62M
$0
$62M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q4 22
679M
+0.0%
Q1 23
690M
+1.7%
Q2 23
688M
-0.3%
Q3 23
689M
+0.2%
Q4 23
697M
+1.2%
Q1 24
690M
-1.1%
Q2 24
704M
+2.1%
Q3 24
770M
+9.3%
Q4 24
790M
+2.7%
Q1 25
771M
-2.5%
Q2 25
772M
+0.2%
Q3 25
772M
+0.0%
marketcaparena.com