ALGONQUIN POWER & UTILITIES CORP. AQN
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.22
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.43B | $2.32B | $2.40B | $2.77B | $2.27B | $1.68B | $1.63B | $1.65B | $1.52B | $823.0M |
| Cost of revenue | — | — | — | — | — | $520.5M | $472.0M | $472.5M | $450.2M | — |
| Gross profit | — | — | — | — | — | $1.16B | $1.15B | $1.18B | $1.07B | — |
| SG&A | — | — | $90.4M | $80.2M | $66.7M | $63.1M | $56.8M | $52.7M | $49.6M | $35.1M |
| Total operating expenses | $1.93B | $1.87B | $1.94B | $2.43B | $1.89B | $1.29B | $1.26B | $1.27B | $1.14B | $647.1M |
| Operating income | $504.7M | $446.1M | $467.3M | $402.0M | $413.1M | $384.0M | $366.8M | $378.4M | $377.2M | $175.9M |
| Interest expense | $282.5M | $363.6M | $308.4M | $278.6M | $209.6M | $181.9M | $181.5M | $152.1M | $155.8M | $99.6M |
| Pre-tax income | $211.0M | $177.2M | -$62.1M | -$369.7M | $142.2M | $792.4M | $555.1M | $132.5M | $175.1M | $96.3M |
| Income tax | $65.0M | $186.8M | $37.1M | $61.5M | $43.4M | $64.6M | $70.1M | $53.4M | $73.4M | $27.7M |
| Net income | $180.8M | -$1.38B | $28.7M | -$212.0M | $264.9M | $782.5M | $530.9M | $185.0M | $149.5M | $97.9M |
| EPS, basic | 0.22 | -1.90 | 0.03 | -0.33 | 0.41 | 1.38 | 1.05 | 0.38 | — | — |
| EPS, diluted | 0.22 | -1.90 | 0.03 | -0.33 | 0.41 | 1.37 | 1.04 | 0.38 | 0.37 | 0.33 |
| Shares, diluted (wtd. avg.) | $772.4M | $734.0M | $690.8M | $677.9M | $628.9M | $564.4M | $504.7M | $466.0M | $386.0M | $274.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $32.7M | $34.8M | $76.1M | $101.2M | $161.4M | $130.0M | $87.3M | $65.8M | $59.4M | $1.59B |
| Receivables | — | — | — | — | — | $325.6M | $259.1M | $245.7M | $244.6M | $141.3M |
| Total current assets | $1.20B | $1.14B | $1.07B | $1.09B | $938.7M | $695.2M | $513.2M | $491.6M | $498.4M | $366.3M |
| Property, plant and equipment | $9.75B | $9.45B | $9.13B | $11.94B | $11.04B | $8.24B | $7.24B | $6.39B | $6.30B | $3.64B |
| Goodwill | $1.32B | $1.31B | $1.32B | $1.32B | $1.20B | $1.21B | $1.03B | $954.3M | $954.3M | $228.4M |
| Other intangibles | $69.7M | $69.1M | $72.5M | $96.7M | $105.1M | $114.9M | $47.6M | $55.0M | $51.1M | $48.4M |
| Total assets | $14.14B | $16.96B | $18.37B | $17.63B | $16.80B | $13.22B | $10.92B | $9.40B | $8.40B | $6.14B |
| Accounts payable | $145.4M | $164.2M | $180.4M | $186.1M | $185.3M | $192.2M | $150.3M | $89.7M | $119.9M | $67.4M |
| Short-term debt | $364.0M | $491.7M | $621.9M | $423.3M | $356.4M | $139.9M | $225.0M | $13.0M | $12.4M | $7.5M |
| Total current liabilities | $1.20B | $1.50B | $1.69B | $1.53B | $1.36B | $955.4M | $872.1M | $499.0M | $564.0M | $407.1M |
| Long-term debt | $6.17B | $6.21B | $6.88B | $7.09B | $5.85B | $4.40B | $3.71B | $3.32B | $3.07B | $2.91B |
| Total liabilities | — | — | — | — | $9.08B | $7.23B | $6.18B | — | — | — |
| Retained earnings | -$2.96B | -$2.93B | -$1.28B | -$997.9M | -$288.4M | $45.8M | -$367.1M | -$595.3M | -$524.3M | -$478.3M |
| Total equity | $4.64B | $4.71B | $6.62B | $6.84B | $7.38B | $5.66B | $4.41B | $3.70B | $3.32B | $1.85B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $593.6M | $481.7M | $628.0M | $619.1M | $157.5M | $505.2M | $611.3M | $530.4M | $326.6M | $229.5M |
| Depreciation and amortisation | $400.3M | $395.7M | $354.1M | $455.5M | $403.0M | $314.1M | $284.3M | $260.8M | $251.3M | $141.0M |
| Stock-based compensation | $13.0M | $18.4M | $10.4M | $10.9M | $8.4M | $24.6M | $11.0M | $7.5M | $8.3M | $4.5M |
| Capital expenditure | $771.9M | $872.4M | $1.03B | $1.09B | $1.35B | $786.0M | $581.3M | $466.4M | $565.1M | $311.9M |
| Investing cash flow | $1.16B | $132.8M | -$1.10B | -$1.79B | -$1.80B | -$1.23B | -$1.32B | -$1.46B | -$2.07B | -$2.16B |
| Financing cash flow | -$1.81B | -$556.4M | $442.8M | $1.11B | $1.67B | $766.9M | $733.4M | $931.9M | $213.0M | $1.92B |
| Dividends paid | $201.3M | $285.1M | $322.5M | $378.6M | $307.1M | $253.8M | $196.4M | $166.4M | $127.5M | $88.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001174169-26-000015.
Others in SIC 4911
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|---|---|---|---|---|
| NEE | NEXTERA ENERGY INC | $173.98B | 25.3x | 9.8% |
| CEG | Constellation Energy Corp | $105.92B | 40.4x | 19.5% |
| AEP | AMERICAN ELECTRIC POWER CO INC | $67.74B | 18.7x | 8.7% |
| D | DOMINION ENERGY, INC | $57.90B | 19.1x | 16.5% |
| VST | Vistra Corp. | $50.11B | 68.5x | 19.1% |
| DTE | DTE ENERGY CO | $28.31B | 19.4x | — |
| FE | FIRSTENERGY CORP | $27.05B | 26.6x | 12.0% |
| ES | EVERSOURCE ENERGY | $26.76B | 15.6x | 14.3% |