Stocktoria

ALGONQUIN POWER & UTILITIES CORP. AQN

NYSE · stock · Electric Services · website · IPO 1997-12-23 · LEI

ALGONQUIN POWER & UTILITIES CORP. statistics & valuation

Market cap$6.5B
P / E36.1×
P / S2.7×
P / B1.3×
Dividend yield3.08%
Net margin7.4%
Return on equity3.6%
Net debt$6.5B
Net debt / EBITDA7.2×
Enterprise value USD$13.0B
EV / EBITDA14.4×
Earnings yield EBIT/EV3.9%
Return on capital3.9%
Graham number -1.4%$5.69

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($5.69); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.90% 9.80% 11.20% 32.60% 46.70% 11.60% -7.70% 1.20% -59.50% 7.40% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
21.40% 24.80% 23.00% 22.60% 22.90% 18.20% 14.50% 19.40% 19.20% 20.70% 2016201720182019202020212022202320242025
Return on equity (%)
6.80% 4.50% 5.00% 12.00% 13.80% 3.60% -3.10% 0.40% -22.40% 3.60% 2016201720182019202020212022202320242025
Shares outstanding
274.1M 431.8M 488.9M 524.2M 597.1M 672.0M 683.6M 690.8M 767.3M 772.4M 2016201720182019202020212022202320242025
Net debt ($)
$3.79B $3.02B $3.29B $3.87B $4.44B $6.09B $7.45B $7.48B $6.66B $6.50B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.60% 1.80% 2.00% 4.90% 5.90% 1.60% -1.20% 0.20% -8.10% 1.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-10.80% -15.70% 3.90% 2016201720182019202020212022202320242025
Debt / equity (×)
2.03× 0.92× 0.90× 0.89× 0.80× 0.84× 1.10× 1.13× 1.08× 1.29× 2016201720182019202020212022202320242025
EPS ($)
$0.44 $0.47 $0.38 $1.04 $1.37 $0.41 -$0.33 $0.03 -$1.90 $0.22 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ALGONQUIN POWER & UTILITIES CORP. trades at about 26.2× earnings — near its 10-year norm (10-year range 12.1×–197.7×, median 26.1×).

12.1× 197.7×

Shaded band = 10-year range (12.1×–197.7×); dot = today's 26.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin20.7%19.2%19.4%14.5%18.2%22.9%22.6%23.0%24.8%21.4%
Net margin7.4%-59.5%1.2%-7.7%11.6%46.7%32.6%11.2%9.8%11.9%
FCF margin———————3.9%-15.7%-10.8%
Return on assets1.3%-8.1%0.2%-1.2%1.6%5.9%4.9%2.0%1.8%1.6%
Return on equity3.6%-22.4%0.4%-3.1%3.6%13.8%12.0%5.0%4.5%6.8%
Debt / equity1.29×1.08×1.13×1.10×0.84×0.80×0.89×0.90×0.92×2.03×
Current ratio1.000.760.630.710.690.730.590.990.880.90

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.