Algonquin Power & Utilities Corp.
TSX:AQN-PA.TO · Toronto Stock Exchange
+$0.01 today
Vol 0.00M · Avg 0.00M
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
TSX:AQN-PA.TO · Revenue to Net Income
Key Ratios
Analysis
$2.5B of revenue converted into $169.1M of net income for the selected period. Gross margin is 38.3% 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 +5.6% | $2.3B -3.5% | $2.4B -13.1% | $2.8B +21.6% | $2.3B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.9B +26.3% | $1.5B -5.9% | $1.6B -8.8% | $1.7B +21.3% | $1.4B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $587.4M -30.5% | $845.3M +1.0% | $836.5M -20.1% | $1.0B +22.0% | $858.1M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 24.0% -12.5pp | 36.4% +1.6pp | 34.8% -3.1pp | 37.9% +0.1pp | 37.7% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $82.1M +482.5% | $14.1M -29.1% | $19.9M -78.2% | $91.2M -8.2% | $99.4M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $82.1M -79.4% | $399.2M +8.1% | $369.2M -42.8% | $645.1M +45.0% | $445.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $407.3M +2.9% | $395.7M +11.8% | $354.1M -22.3% | $455.5M +13.0% | $403.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $909.4M +9.4% | $831.2M +1.8% | $816.6M -14.6% | $956.0M +26.0% | $758.7M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 37.1% +1.3pp | 35.8% +1.9pp | 34.0% -0.6pp | 34.6% +1.2pp | 33.4% | 5.6% | 46.3% | 42.0% |
| Operating Income | $505.3M +13.3% | $446.1M -4.5% | $467.3M +16.2% | $402.0M -2.7% | $413.1M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 20.6% +1.4pp | 19.2% -0.2pp | 19.4% +4.9pp | 14.5% -3.6pp | 18.2% | 16.6% | 24.1% | 22.0% |
| Interest Income | $11.8M +139.4% | $4.9M -28.4% | $6.9M -70.6% | $23.4M +14.5% | $20.4M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $287.4M -17.0% | $346.1M +10.4% | $313.4M +16.0% | $270.3M +31.2% | $206.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$290.6M -8.1% | -$268.9M +49.2% | -$529.4M +31.4% | -$771.7M -184.9% | -$270.9M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $214.7M +21.2% | $177.2M +385.2% | -$62.1M +83.2% | -$369.7M -359.9% | $142.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 8.8% +1.1pp | 7.6% +10.2pp | -2.6% +10.8pp | -13.4% -19.6pp | 6.3% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $66.1M -64.6% | $186.8M +604.1% | -$37.1M +39.8% | -$61.5M -41.7% | -$43.4M | $1.3B | -$1.6B | $745.2M |
| Net Income | $184.8M +113.4% | -$1.4B -4914.5% | $28.7M +113.5% | -$212.0M -180.0% | $264.9M | $4.9B | $4.8B | $4.7B |
| Net Margin | 7.5% +67.1pp | -59.5% -60.7pp | 1.2% +8.9pp | -7.7% -19.3pp | 11.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $0 +112.1% | -$2 -9190.9% | $0 +104.3% | -$0 -219.5% | $0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $0 +112.1% | -$2 -4678.3% | $0 +108.5% | -$0 -219.5% | $0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $768.1M +5.0% | $731.7M +6.0% | $690.3M +9.7% | $628.9M -2.6% | $646.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $772.4M +5.2% | $734.0M +6.3% | $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
Brookfield Renewable Partners L.P.
TSX:BEP-PM.TO
$17.55B
Brookfield Renewable Partners L.P.
TSX:BEP-UN.TO
$10.04B
Brookfield Renewable Corporation
TSX:BEPC.TO
$7.58B
Algonquin Power & Utilities Corp.
TSX:AQN.TO
$6.43B
Northland Power Inc.
TSX:NPI.TO
$5.98B
Boralex Inc.
TSX:BLX.TO
$3.79B
Polaris Renewable Energy Inc.
TSX:PIF.TO
$308.72M
Green Impact Partners Inc.
GIP.V
$48.28M
Greenbriar Capital Corp.
GRB.V
$27.14M
ReVolve Renewable Power Corp.
REVV.V
$12.41M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does AQN-PA.TO generate?
Algonquin Power & Utilities Corp. (AQN-PA.TO) reported $2.45B of revenue in fiscal 2025.
Is AQN-PA.TO profitable?
Algonquin Power & Utilities Corp. (AQN-PA.TO) reported $184.78M of net income, with a net margin of 7.5%.
Explore More
Continue the stock analysis
Jump to another research area for this company.