Fundies.
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ALGONQUIN POWER & UTILITIES CORP.

EDGAR
AGQPF Foreign issuer report (6-K) · filed 2026-10-30

Annual consolidated revenue for 2025: about USD 2.434B, using the latest reported figures. The previous period, 2024, was about USD 2.32B.

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Watchlist

Latest quarter

Revenue

544 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

15.37%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 83600000 USD Source
  • Revenue: 543900000 USD Source

Operating cash flow

279 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 279200000 USD Source
Cash and cash equivalents
55 million USD Source
Exact value

55000000.0 USD

Long-term debt including current maturities
6.64 billion USD Source
Exact value

6635700000 USD

Shares outstanding
770 million shares Source
Exact value

769747684 shares

Reported share-count change

0.23% · 1.8 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 767952268 shares · 2025-06-30· Source
  • 769747684 shares · 2026-06-30· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-30.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 10 of 11 periods available· newest 2025-12-31
  • Operating income: 10 of 11 periods available· newest 2025-12-31
  • Net income: 10 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 10 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 3 of 11 periods available· newest 2018-12-31
  • Total assets: 10 of 11 periods available· newest 2025-12-31
  • Total liabilities: 3 of 11 periods available· newest 2021-12-31
  • Current assets: 10 of 11 periods available· newest 2025-12-31
  • Current liabilities: 10 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 8 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +4.9%

    Prior period

    USD 2.32 billion

    –

    Current period

    USD 2.43 billion

    –

    Exact inputs and evidence

    2433600000 − 2319500000 = 114100000 USD

    2319500000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2433600000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +USD 1.56 billion

    Prior period

    −USD 1.38 billion

    –

    Current period

    USD 180.8 million

    –

    Exact inputs and evidence

    180800000 − -1380500000 = 1561300000 USD

    -1380500000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    180800000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +23.2%

    Prior period

    USD 481.7 million

    –

    Current period

    USD 593.6 million

    –

    Exact inputs and evidence

    593600000 − 481700000 = 111900000 USD

    481700000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    593600000 USD · 2025-01-01 – 2025-12-31

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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 2.43 billion 100% of revenue
  • Operating costs Derived USD 1.93 billion 79% of revenue
  • Operating income USD 504.7 million 21% of revenue
  • Tax, interest and other Derived USD 323.9 million 13% of revenue
  • Net income USD 180.8 million 7.4% of revenue

Cash

  • Operating cash flow USD 593.6 million 24% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 12%9.5%79%
  • 2017 9.8%15%75%
  • 2018 11%12%77%
  • 2019 Net income was higher than operating income, so the split is not drawn.
  • 2020 Net income was higher than operating income, so the split is not drawn.
  • 2021 12%82%
  • 2022 Net loss: net income was −7.7% of revenue.
  • 2023 18%81%
  • 2024 Net loss: net income was −60% of revenue.
  • 2025 13%79%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-31823004000 647081000 Derived 175923000 78053000 Derived 97870000 -82381000 Derived
Source
2017 2017-01-01 – 2017-12-311521938000 1144733000 Derived 377205000 227730000 Derived 149475000 -238536000 Derived
Source
2018 2018-01-01 – 2018-12-311648463000 1270028000 Derived 378435000 193447000 Derived 184988000 63983000 Derived
Source
2019 2019-01-01 – 2019-12-311626392000 1259545000 Derived 366847000 -164037000 Derived 530884000 Unavailable
Source
2020 2020-01-01 – 2020-12-311676991000 1292965000 Derived 384026000 -398437000 Derived 782463000 Unavailable
Source
2021 2021-01-01 – 2021-12-312285479000 1866225000 Derived 419254000 154395000 Derived 264859000 Unavailable
Source
2022 2022-01-01 – 2022-12-312765013000 2362968000 Derived 402045000 614034000 Derived -211989000 Unavailable
Source
2023 2023-01-01 – 2023-12-312403924000 1936637000 Derived 467287000 438613000 Derived 28674000 Unavailable
Source
2024 2024-01-01 – 2024-12-312319500000 1873400000 Derived 446100000 1826600000 Derived -1380500000 Unavailable
Source
2025 2025-01-01 – 2025-12-312433600000 1928900000 Derived 504700000 323900000 Derived 180800000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 2.4B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.0B2.2B1.5B746.6M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue823004000
2017Revenue1521938000
2018Revenue1648463000
2019Revenue1626392000
2020Revenue1676991000
2021Revenue2285479000
2022Revenue2765013000
2023Revenue2403924000
2024Revenue2319500000
2025Revenue2433600000

Revenue growth

Change in revenue from the same financial period one year earlier.

4.9% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.93%64%36%8%-21%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over yearNo prior comparable period
2017Year over year84.9%
2018Year over year8.3%
2019Year over year-1.3%
2020Year over year3.1%
2021Year over year36.3%
2022Year over year21%
2023Year over year-13.1%
2024Year over year-3.5%
2025Year over year4.9%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 20.7% 2025
Net margin 7.4% 2025
Free cash flow margin 3.9% 2018
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.55%24%-6%-37%-68%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin21.4%
2017Operating margin24.8%
2018Operating margin23%
2019Operating margin22.6%
2020Operating margin22.9%
2021Operating margin18.3%
2022Operating margin14.5%
2023Operating margin19.4%
2024Operating margin19.2%
2025Operating margin20.7%
2016Net margin11.9%
2017Net margin9.8%
2018Net margin11.2%
2019Net margin32.6%
2020Net margin46.7%
2021Net margin11.6%
2022Net margin-7.7%
2023Net margin1.2%
2024Net margin-59.5%
2025Net margin7.4%
2016Free cash flow margin-10%
2017Free cash flow margin-15.7%
2018Free cash flow margin3.9%
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 593.6M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.678.3M508.7M339.1M169.6M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow229474000
2017Operating cash flow326567000
2018Operating cash flow530352000
2019Operating cash flow611260000
2020Operating cash flow505217000
2021Operating cash flow157466000
2022Operating cash flow619096000
2023Operating cash flow628034000
2024Operating cash flow481700000
2025Operating cash flow593600000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 64M 2018
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.88.2M454.0K-87.3M-175.0M-262.7M201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow-82381000
2017Free cash flow-238536000
2018Free cash flow63983000
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

54.1% 2021
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.61%46%31%15%0%2016-12-3120212025-12-31
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Liabilities / assetsNot reported
2017-12-31Liabilities / assetsNot reported
2018-12-31Liabilities / assetsNot reported
2019Liabilities / assets56.6%
2020Liabilities / assets54.7%
2021Liabilities / assets54.1%
2022-12-31Liabilities / assetsNot reported
2023-12-31Liabilities / assetsNot reported
2024-12-31Liabilities / assetsNot reported
2025-12-31Liabilities / assetsNot reported

Current assets to current liabilities

Current assets divided by current liabilities.

1× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.08×0.81×0.54×0.27×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities0.9×
2017Current assets / current liabilities0.88×
2018Current assets / current liabilities0.99×
2019Current assets / current liabilities0.59×
2020Current assets / current liabilities0.73×
2021Current assets / current liabilities0.69×
2022Current assets / current liabilities0.71×
2023Current assets / current liabilities0.63×
2024Current assets / current liabilities0.76×
2025Current assets / current liabilities1×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 97.87 million
Exact value

Exact value: 97870000 USD

2016-01-01 – 2016-12-31: 97870000 USD Inspect Net Income Open source
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USD 229.47 million
Exact value

Exact value: 229474000 USD

2016-01-01 – 2016-12-31: 229474000 USD Inspect Operating Cash Flow Open source
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USD 311.86 million
Exact value

Exact value: 311855000 USD

2016-01-01 – 2016-12-31: 311855000 USD Inspect Capital Expenditure Open source
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−USD 82.38 million
Calculation and evidence

229474000 − 311855000 USD

Exact free cash flow: -82381000 USD

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2017 2017-01-01 – 2017-12-31
USD 149.48 million
Exact value

Exact value: 149475000 USD

2017-01-01 – 2017-12-31: 149475000 USD Inspect Net Income Open source
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USD 326.57 million
Exact value

Exact value: 326567000 USD

2017-01-01 – 2017-12-31: 326567000 USD Inspect Operating Cash Flow Open source
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USD 565.1 million
Exact value

Exact value: 565103000 USD

2017-01-01 – 2017-12-31: 565103000 USD Inspect Capital Expenditure Open source
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−USD 238.54 million
Calculation and evidence

326567000 − 565103000 USD

Exact free cash flow: -238536000 USD

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2018 2018-01-01 – 2018-12-31
USD 184.99 million
Exact value

Exact value: 184988000 USD

2018-01-01 – 2018-12-31: 184988000 USD Inspect Net Income Open source
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USD 530.35 million
Exact value

Exact value: 530352000 USD

2018-01-01 – 2018-12-31: 530352000 USD Inspect Operating Cash Flow Open source
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USD 466.37 million
Exact value

Exact value: 466369000 USD

2018-01-01 – 2018-12-31: 466369000 USD Inspect Capital Expenditure Open source
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USD 63.98 million
Calculation and evidence

530352000 − 466369000 USD

Exact free cash flow: 63983000 USD

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2019 2019-01-01 – 2019-12-31
USD 530.88 million
Exact value

Exact value: 530884000 USD

2019-01-01 – 2019-12-31: 530884000 USD Inspect Net Income Open source
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USD 611.26 million
Exact value

Exact value: 611260000 USD

2019-01-01 – 2019-12-31: 611260000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
USD 782.46 million
Exact value

Exact value: 782463000 USD

2020-01-01 – 2020-12-31: 782463000 USD Inspect Net Income Open source
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USD 505.22 million
Exact value

Exact value: 505217000 USD

2020-01-01 – 2020-12-31: 505217000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
USD 264.86 million
Exact value

Exact value: 264859000 USD

2021-01-01 – 2021-12-31: 264859000 USD Inspect Net Income Open source
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USD 157.47 million
Exact value

Exact value: 157466000 USD

2021-01-01 – 2021-12-31: 157466000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
−USD 211.99 million
Exact value

Exact value: -211989000 USD

2022-01-01 – 2022-12-31: -211989000 USD Inspect Net Income Open source
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USD 619.1 million
Exact value

Exact value: 619096000 USD

2022-01-01 – 2022-12-31: 619096000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
USD 28.67 million
Exact value

Exact value: 28674000 USD

2023-01-01 – 2023-12-31: 28674000 USD Inspect Net Income Open source
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USD 628.03 million
Exact value

Exact value: 628034000 USD

2023-01-01 – 2023-12-31: 628034000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
−USD 1.38 billion
Exact value

Exact value: -1380500000 USD

2024-01-01 – 2024-12-31: -1380500000 USD Inspect Net Income Open source
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USD 481.7 million
Exact value

Exact value: 481700000 USD

2024-01-01 – 2024-12-31: 481700000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 180.8 million
Exact value

Exact value: 180800000 USD

2025-01-01 – 2025-12-31: 180800000 USD Inspect Net Income Open source
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USD 593.6 million
Exact value

Exact value: 593600000 USD

2025-01-01 – 2025-12-31: 593600000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

448 filings · 2,793 latest values · 2,791 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001174169, 1174169, AGQPF, AQN, AQNB, AQUNF, edgar:1174169

Also known as ALGONQUIN POWER & UTILITIES CORP., ALGONQUIN POWER INCOME FUND, ALGONQUIN POWER & UTILITIES CORP., Algonquin Power & Utilities Corp.