| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 49 | 29.5x | 17.3x | Around median | |
Growth | 52 | 7.2% | 7.1% | Around median | |
Quality | 45 | 4.0% | 4.5% | Around median | |
Safety | 32 | 7.0x | 2.6x | Bottom tier | |
Capital Return | 75 | 5.08% | 0.06% | Top tier | |
Momentum | 32 | -14.9% | -1.6% | Bottom tier | |
Sentiment | 86 | 6 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Algonquin Power & Utilities Corp., listed under the ticker AQN on the NYSE, operates electricity, gas, and water utilities and generates revenue by providing these services at rates subject to regulatory decisions. Its business improvement therefore depends on its ability to recover operating and investment costs and earn an approved return on capital, alongside growth in customer consumption. In management's presentation dated 2026-08-07, more than 80% of the company's operations were in the United States and less than 5% in Canada, a distribution that underpins its plan to move its legal domicile to the United States.
In quarter 2 of fiscal year 2026, ended 2026-06-30, revenue according to EL7 data was approximately 543.9 million dollars, net income was 3.6 million dollars, and diluted earnings per share were 0.0013 dollars. The operating margin calculated by EL7 was 15.4%, while operating cash flow according to EL7 data was 279.2 million dollars. Operating developments spanned electricity, where Empire Electric Missouri rate decisions stood out; water, where regulatory outcomes varied by state; and gas, where EnergyNorth filed a new rate application. The company's outcome is therefore not determined by a single regulatory decision.
Over the last 12 months through 2026-06-30, revenue totaled 2.5 billion dollars and net income was 149.7 million dollars, compared with operating cash flow according to EL7 data of 598.7 million dollars. However, free cash flow calculated by EL7 (operating cash flow minus capital expenditure) for the last 12 months was -58.4 million dollars for the same period, making investment funding and cost recovery through rates central to the analysis of AQN. A reliable comparison of revenue growth in quarter 2 of fiscal year 2026 with the same quarter of the previous fiscal year is unavailable because the two sources define the revenue line item differently.
Q2 FY2026
Last 12 months to 2026-06-30
When: 2026-11-06
Free cash flow for the last 12 months reaches zero dollars
Total debt developments around the 6.6 billion dollar level
The indicative value based on analyst targets has a median of 6.25 dollars, within a range of 6.00 dollars to 6.50 dollars, but confidence is low because it relies on only two analysts. It reflects growth expectations, and this method tends toward optimism. The value based on the industry multiple is 3.14 dollars, within a range of 1.04 dollars to 5.25 dollars, based on earnings for the last 12 months through 2026-06-30 and a median multiple of 17.2 across 9 companies, meaning it prices Algonquin's earnings based on its peers' valuations. The two central values are at different levels, and their ranges do not overlap, showing that analyst expectations assign the company a higher value than the comparison with industry earnings does. Barclays lowering its target to 6 dollars on 2026-10-01 is consistent with a neutral consensus, but it does not eliminate the gap between the two methods.
Figures in the text are as of 2026-10-19; the live price is shown at the top of the page.
Algonquin provides electricity, gas, and water services through utilities subject to regulation of rates and cost recovery. Revenue according to EL7 data was approximately 543.9 million dollars in quarter 2 of fiscal year 2026, ended 2026-06-30. Empire Electric Missouri's annual revenue adjustment of 97 million dollars took effect on 2026-08-03 after customer service and billing standards were met. Profitability therefore depends on the timing of rate implementation and the amount of costs regulators allow to be recovered.
Operating cash flow according to EL7 data was approximately 598.7 million dollars over the last 12 months through 2026-06-30, compared with net income of 149.7 million dollars for the same period. This represents earnings-to-cash conversion of 400% during that period. However, free cash flow calculated by EL7 (operating cash flow minus capital expenditure) for the last 12 months was -58.4 million dollars, meaning operating cash did not fully cover capital expenditure.
Automated analysis for informational purposes only — not investment advice.
Management said on 2026-08-07 that more than 80% of Algonquin's operations are in the United States and less than 5% in Canada, and therefore believes that moving to Delaware would better align the legal structure with the assets. It aims to present the plan to shareholders in the first half of 2027, with an expected headquarters in Chicago and a continued significant presence in Oakville. Expected benefits include reducing taxes on cross-border fund transfers and broadening access to capital. However, management has not disclosed the range of one-time tax costs of the move, and the transaction remains subject to approvals.
On the 2026-08-07 call, management did not announce a specific customer, contract, or load size for a data center in Missouri and declined to specify potential hosting capacity before aligning resource plans with demand. It said the large-load tariff provides a tool to enable discussions with potential customers. The 250-megawatt ARIS project received its certificate of approval on 2026-06-17 to meet customer demand and Southwest Power Pool requirements. This approval alone does not establish the existence of an announced data center contract.
The analyst consensus is neutral, and the average target is 6.25 dollars, within a range of 6.00 dollars to 6.50 dollars, with coverage by only two analysts making the targets indicative. Barclays lowered its target from 7 dollars to 6 dollars on 2026-10-01. The earnings announcement is expected on 2026-11-06. The announcement provides an opportunity to assess how rate increases translate into profitability and cash flows after the Empire Electric Missouri adjustment took effect on 2026-08-03.