Algonquin Power & Utilities Corp.
NYSE:AQN · New York Stock Exchange
+$0.05 today
Vol 3.36M · Avg 4.59M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:AQN · Revenue to Net Income
Key Ratios
Analysis
$2.5B of revenue converted into $170.2M of net income for the selected period. Gross margin is 73.2% and net margin is 6.4%, showing how much revenue survives after costs and taxes. EPS is $0.21, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4B +4.9% | $2.3B -3.5% | $2.4B -13.1% | $2.8B +21.6% | $2.3B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $639.8M +7.7% | $594.3M -20.1% | $743.5M -14.2% | $866.4M +21.4% | $713.9M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $1.8B +4.0% | $1.7B +3.9% | $1.7B -12.5% | $1.9B +21.7% | $1.6B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 73.7% -0.7pp | 74.4% +5.3pp | 69.1% +0.4pp | 68.7% +0.1pp | 68.6% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $0 | $0 -100.0% | $90.4M +12.6% | $80.2M +20.2% | $66.7M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.3B -0.7% | $1.3B +7.2% | $1.2B -20.3% | $1.5B +30.5% | $1.1B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $400.3M -16.0% | $476.7M +2.1% | $467.0M +2.5% | $455.5M +13.0% | $403.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $927.0M -11.1% | $1.0B +42.3% | $733.0M +93.1% | $379.6M -50.9% | $772.9M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 38.1% -6.9pp | 45.0% +14.5pp | 30.5% +16.8pp | 13.7% -20.3pp | 34.0% | 5.6% | 46.3% | 42.0% |
| Operating Income | $523.1M +17.3% | $446.1M -4.5% | $467.3M +16.2% | $402.0M -2.7% | $413.1M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 21.5% +2.3pp | 19.2% -0.2pp | 19.4% +4.9pp | 14.5% -3.6pp | 18.2% | 16.6% | 24.1% | 22.0% |
| Interest Income | $44.8M +808.8% | $4.9M -82.9% | $28.7M +27.9% | $22.5M -42.3% | $39.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $315.7M -8.8% | $346.1M +5.5% | $328.1M +11.7% | $293.7M +29.0% | $227.7M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$312.1M -16.1% | -$268.9M +49.2% | -$529.4M +31.4% | -$771.7M -184.9% | -$270.9M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $211.0M +19.1% | $177.2M +385.2% | -$62.1M +83.2% | -$369.7M -359.9% | $142.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 8.7% +1.0pp | 7.6% +10.2pp | -2.6% +10.8pp | -13.4% -19.6pp | 6.3% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $65.0M -65.2% | $186.8M +604.1% | -$37.1M +39.8% | -$61.5M -41.7% | -$43.4M | $1.3B | -$1.6B | $745.2M |
| Net Income | $180.8M +113.1% | -$1.4B -4914.5% | $28.7M +113.5% | -$212.0M -180.0% | $264.9M | $4.9B | $4.8B | $4.7B |
| Net Margin | 7.4% +66.9pp | -59.5% -60.7pp | 1.2% +8.9pp | -7.7% -19.3pp | 11.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $0 +112.7% | -$2 -6133.3% | $0 +106.1% | -$0 -219.5% | $0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $0 +112.7% | -$2 -6133.3% | $0 +106.1% | -$0 -219.5% | $0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $768.1M +5.0% | $731.7M +6.2% | $688.7M +9.5% | $628.9M +1.1% | $622.3M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $772.4M +5.6% | $731.7M +5.9% | $690.8M +9.8% | $628.9M +0.0% | $628.9M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
PG&E Corporation
NYSE:PCG
$37.33B
Enlight Renewable Energy Ltd
NASDAQ:ENLT
$13.37B
Black Hills Corporation
NYSE:BKH
$5.60B
New Jersey Resources Corporation
NYSE:NJR
$5.56B
Spire Inc.
NYSE:SR
$4.68B
Northwestern Energy Group Inc
NASDAQ:NWE
$4.37B
ALLETE, Inc.
ALE
$3.94B
DTE Energy Company JR SUB DB 2017 E
NYSE:DTW
$3.75B
ReNew Energy Global Plc
NASDAQ:RNW
$2.34B
Excelerate Energy, Inc.
NYSE:EE
$1.09B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does AQN generate?
Algonquin Power & Utilities Corp. (AQN) reported $2.43B of revenue in fiscal 2025.
Is AQN profitable?
Algonquin Power & Utilities Corp. (AQN) reported $180.80M of net income, with a net margin of 7.4%.
Explore More
Continue the stock analysis
Jump to another research area for this company.