ES
MARKETS / NYSE / AQN
NYSE · ELECTRIC SERVICES

Algonquin Power & Utilities Corp. AQN

16 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$2.4B
▲ 4.9% vs FY2024
EPS · FY25
$0.22
Dividend / sh · FY25
$0.26
Payout · FY25
111%
ROE · FY25
3.9%
Net margin · FY25
7.4%
Dividend coverage
0.8×
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Result
USD 2.4B
Revenue, FY2025 · full 16-year series below
Revenue Net income
0.81.62.43.22.40.2201020132016201920222025
0.81.62.43.22.40.22016201920222025

7 cents of every revenue dollar became profit this year.

Per share
USD 0.22
Diluted EPS, FY2025
EPS Dividend
0.511.50.260.22201020132016201920222025
0.511.50.260.222016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
3.9%
Return on equity, FY2025
ROE
51015203.9%201020132016201920222025
51015203.9%2016201920222025
Operating margin20.7%
Net margin7.4%
Return on assets1.2%

Each USD of equity produced 4 cents of profit this year.

Returned to shareholders
USD 201.3M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 201.3M
Net buybacks—
Share of profit111.3%
Consecutive raises—

USD 201.3M in dividends — 111% of the year's profit, so the payout drew on cash built up earlier.

Growth
+7.7% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−4.2%
+7.7%
+9.0%
+18.9%
Net income
−25.4%
+4.4%
+16.6%
EPS, diluted
−30.6%
Dividend / share
−28.6%
−15.6%
Returned to shareholders
−19.0%
−4.5%
+9.8%
+17.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.77B
Shares outstanding, FY2025
0.100.77201020132016201920222025
0.270.772016201920222025
Change, 5 years+28.7%
Change, 10 years—

The share count grew 29% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 14.1B
total assets, end of FY2025
Total assetsUSD 14.1B
EquityUSD 4.6B
CashUSD 32.7M
Gross debtUSD 6.5B
Net debtUSD 6.5B
Current ratio1.00×

Net debt stands at 140% of equity.

History
16 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
Revenue $B
2.4
2.3
2.4
2.8
2.3
1.7
1.6
1.6
1.5
1.1
1.0
0.9
0.7
0.3
0.3
0.2
Operating income $B
0.5
0.4
0.5
0.4
0.4
0.4
0.4
0.4
0.4
0.2
0.2
0.1
0.1
0.0
0.0
0.0
EBITDA $B
0.9
0.8
0.8
0.9
0.8
0.7
0.7
0.6
0.6
0.4
0.3
0.3
0.2
0.1
0.1
0.1
Income tax $B
0.1
0.2
−0.0
−0.1
−0.0
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
−0.0
−0.0
−0.0
Net income $B
0.2
−1.4
0.0
−0.2
0.3
0.8
0.5
0.2
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
EPS, diluted $
0.22
−1.90
0.03
−0.33
0.41
1.37
1.04
0.38
0.37
0.44
0.42
0.31
0.07
0.09
0.20
0.19
Dividend / sh $
0.26
0.35
0.43
0.71
0.67
0.61
0.55
0.50
0.47
0.55
0.49
0.37
0.33
0.29
0.24
·
Payout %
111
−21
1125
−179
116
32
37
90
85
90
67
76
258
254
122
105
ROE %
3.9
−28.3
0.6
−3.8
4.8
17.2
15.1
6.3
6.4
6.8
6.8
6.1
2.2
2.0
5.5
5.3
Shares out B
0.77
0.77
0.69
0.68
0.67
0.60
0.52
0.49
0.43
0.27
0.26
0.24
0.21
0.19
0.14
0.10

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
43 of 47
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 1 failures and 3 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed