Algonquin Power & Utilities Corp
Algonquin Power & Utilities Corp. operates in the power and utility industries. It owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations. As of December 31, 2025, it operated a portfolio of regulated utility systems in the United States, Canada, Bermuda, and Chile, serving approximately 1,272,… Read more
Algonquin Power & Utilities Corp (AQN) - Net Assets
Latest net assets as of September 2025: $5.07 Billion USD
Based on the latest financial reports, Algonquin Power & Utilities Corp (AQN) has net assets worth $5.07 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.79 Billion) and total liabilities ($8.71 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.07 Billion |
| % of Total Assets | 36.8% |
| Annual Growth Rate | 19.54% |
| 5-Year Change | 3.2% |
| 10-Year Change | 270.11% |
| Growth Volatility | 38.81 |
Algonquin Power & Utilities Corp - Net Assets Trend (1997–2024)
This chart illustrates how Algonquin Power & Utilities Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Algonquin Power & Utilities Corp (1997–2024)
The table below shows the annual net assets of Algonquin Power & Utilities Corp from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $6.18 Billion | -10.97% |
| 2023-12-31 | $6.94 Billion | -2.98% |
| 2022-12-31 | $7.16 Billion | -7.09% |
| 2021-12-31 | $7.70 Billion | +28.59% |
| 2020-12-31 | $5.99 Billion | +26.40% |
| 2019-12-31 | $4.74 Billion | +17.33% |
| 2018-12-31 | $4.04 Billion | +20.42% |
| 2017-12-31 | $3.35 Billion | +79.20% |
| 2016-12-31 | $1.87 Billion | +12.05% |
| 2015-12-31 | $1.67 Billion | +4.88% |
| 2014-12-31 | $1.59 Billion | +15.66% |
| 2013-12-31 | $1.38 Billion | -2.32% |
| 2012-12-31 | $1.41 Billion | +160.36% |
| 2011-12-31 | $541.33 Million | +55.16% |
| 2010-12-31 | $348.87 Million | -10.21% |
| 2009-12-31 | $388.54 Million | +33.42% |
| 2008-12-31 | $291.22 Million | -25.33% |
| 2007-12-31 | $389.99 Million | -4.61% |
| 2006-12-31 | $408.82 Million | +4.81% |
| 2005-12-31 | $390.04 Million | -5.33% |
| 2004-12-31 | $411.99 Million | -0.13% |
| 2003-12-31 | $412.51 Million | +17.77% |
| 2002-12-31 | $350.27 Million | +35.47% |
| 2001-12-31 | $258.55 Million | +76.58% |
| 2000-12-31 | $146.42 Million | +3.34% |
| 1999-12-31 | $141.69 Million | +75.91% |
| 1998-12-31 | $80.55 Million | +61.48% |
| 1997-12-31 | $49.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Algonquin Power & Utilities Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 292815653739.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.39 Billion | 157.00% |
| Other Comprehensive Income | $81.40 Million | 1.73% |
| Other Components | $165.08 Million | 3.51% |
| Total Equity | $4.71 Billion | 100.00% |
Algonquin Power & Utilities Corp Competitors by Market Cap
The table below lists competitors of Algonquin Power & Utilities Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SCOR SE
PINK:SZCRF
|
$4.09 Billion |
|
Thor Industries Inc
NYSE:THO
|
$4.09 Billion |
|
The Macerich Company
F:M6G
|
$4.09 Billion |
|
Zhejiang Yinlun Machinery Co Ltd
SHE:002126
|
$4.09 Billion |
|
Merit Medical Systems Inc
NASDAQ:MMSI
|
$4.08 Billion |
|
Liberty Oilfield Services Inc
NYSE:LBRT
|
$4.08 Billion |
|
National Aluminium Company Limited
NSE:NATIONALUM
|
$4.08 Billion |
|
Hindustan Petroleum Corporation Limited
NSE:HINDPETRO
|
$4.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Algonquin Power & Utilities Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,039,565,000 to 4,707,929,000, a change of -331,636,000 (-6.6%).
- Net loss of 1,380,517,000 reduced equity.
- Dividend payments of 281,361,456 reduced retained earnings.
- Share repurchases of 3,482,000 reduced equity.
- New share issuances of 1,153,954,000 increased equity.
- Other comprehensive income increased equity by 183,684,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.38 Billion | -29.32% |
| Dividends Paid | $281.36 Million | -5.98% |
| Share Repurchases | $3.48 Million | -0.07% |
| Share Issuances | $1.15 Billion | +24.51% |
| Other Comprehensive Income | $183.68 Million | +3.9% |
| Other Changes | $-3.91 Million | -0.08% |
| Total Change | $- | -6.58% |
Book Value vs Market Value Analysis
This analysis compares Algonquin Power & Utilities Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $6.16 | $6.55 | x |
| 1998-12-31 | $7.31 | $6.55 | x |
| 1999-12-31 | $7.27 | $6.55 | x |
| 2000-12-31 | $5.42 | $6.55 | x |
| 2001-12-31 | $6.14 | $6.55 | x |
| 2002-12-31 | $5.92 | $6.55 | x |
| 2003-12-31 | $5.91 | $6.55 | x |
| 2004-12-31 | $5.96 | $6.55 | x |
| 2005-12-31 | $5.60 | $6.55 | x |
| 2006-12-31 | $5.32 | $6.55 | x |
| 2007-12-31 | $4.83 | $6.55 | x |
| 2008-12-31 | $3.63 | $6.55 | x |
| 2009-12-31 | $4.77 | $6.55 | x |
| 2010-12-31 | $3.70 | $6.55 | x |
| 2011-12-31 | $4.31 | $6.55 | x |
| 2012-12-31 | $5.80 | $6.55 | x |
| 2013-12-31 | $4.36 | $6.55 | x |
| 2014-12-31 | $6.05 | $6.55 | x |
| 2015-12-31 | $5.44 | $6.55 | x |
| 2016-12-31 | $5.22 | $6.55 | x |
| 2017-12-31 | $7.02 | $6.55 | x |
| 2018-12-31 | $6.82 | $6.55 | x |
| 2019-12-31 | $7.75 | $6.55 | x |
| 2020-12-31 | $9.22 | $6.55 | x |
| 2021-12-31 | $9.32 | $6.55 | x |
| 2022-12-31 | $8.30 | $6.55 | x |
| 2023-12-31 | $7.30 | $6.55 | x |
| 2024-12-31 | $6.43 | $6.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Algonquin Power & Utilities Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -29.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -59.52%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 3.60x
- Recent ROE (-29.32%) is below the historical average (3.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -3.40% | -1804.63% | 0.00x | 1.09x | $-6.69 Million |
| 1998 | 2.58% | 38.95% | 0.06x | 1.09x | $-5.98 Million |
| 1999 | 3.51% | 37.23% | 0.06x | 1.59x | $-9.19 Million |
| 2000 | 6.09% | 28.74% | 0.14x | 1.50x | $-5.73 Million |
| 2001 | 1.67% | 15.26% | 0.09x | 1.24x | $-21.54 Million |
| 2002 | 3.00% | 17.04% | 0.13x | 1.34x | $-23.90 Million |
| 2003 | 8.56% | 28.86% | 0.19x | 1.58x | $-5.77 Million |
| 2004 | 4.60% | 14.20% | 0.19x | 1.66x | $-22.23 Million |
| 2005 | 4.81% | 12.15% | 0.22x | 1.82x | $-20.24 Million |
| 2006 | 6.29% | 13.88% | 0.19x | 2.36x | $-14.17 Million |
| 2007 | 6.49% | 12.71% | 0.20x | 2.62x | $-12.90 Million |
| 2008 | -5.57% | -8.90% | 0.22x | 2.86x | $-43.73 Million |
| 2009 | 15.37% | 33.35% | 0.20x | 2.27x | $20.84 Million |
| 2010 | 5.63% | 10.74% | 0.19x | 2.81x | $-15.25 Million |
| 2011 | 4.55% | 8.45% | 0.22x | 2.49x | $-27.46 Million |
| 2012 | 1.58% | 3.93% | 0.13x | 3.03x | $-77.59 Million |
| 2013 | 2.12% | 3.01% | 0.19x | 3.64x | $-70.66 Million |
| 2014 | 4.98% | 8.02% | 0.23x | 2.71x | $-65.69 Million |
| 2015 | 6.07% | 11.43% | 0.21x | 2.58x | $-54.79 Million |
| 2016 | 6.81% | 11.95% | 0.13x | 4.29x | $-45.71 Million |
| 2017 | 5.66% | 9.76% | 0.19x | 3.09x | $-117.54 Million |
| 2018 | 5.82% | 11.23% | 0.18x | 2.95x | $-132.77 Million |
| 2019 | 13.70% | 32.64% | 0.15x | 2.82x | $143.38 Million |
| 2020 | 15.04% | 46.66% | 0.13x | 2.54x | $262.11 Million |
| 2021 | 4.52% | 11.65% | 0.14x | 2.87x | $-321.04 Million |
| 2022 | -4.06% | -7.67% | 0.16x | 3.38x | $-733.95 Million |
| 2023 | 0.57% | 1.19% | 0.13x | 3.65x | $-475.28 Million |
| 2024 | -29.32% | -59.52% | 0.14x | 3.60x | $-1.85 Billion |
Industry Comparison
This section compares Algonquin Power & Utilities Corp's net assets metrics with peer companies in the Utilities - Diversified industry.
Industry Context
- Industry: Utilities - Diversified
- Average net assets among peers: $4,715,022,000
- Average return on equity (ROE) among peers: 7.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Algonquin Power & Utilities Corp (AQN) | $5.07 Billion | -3.40% | 1.72x | $4.08 Billion |
| ACEA S.p.A (ACEJF) | $1.90 Billion | 14.24% | 3.29x | $780.10 Million |
| Atco Ltd (ACLLF) | $2.57 Billion | 6.35% | 1.49x | $2.59 Billion |
| A2A S.p.A (AEMMF) | $3.52 Billion | 9.76% | 1.93x | $4.51 Billion |
| The AES Corporation (AES) | $10.41 Billion | -0.53% | 2.89x | $10.06 Billion |
| Allete Inc (ALE) | $673.20 Million | 11.48% | 1.28x | $3.93 Billion |
| Avista Corporation (AVA) | $1.53 Billion | 8.06% | 2.21x | $3.23 Billion |
| Brookfield Infrastructure Partners LP (BIP) | $14.67 Billion | 1.31% | 1.49x | $16.66 Billion |
| Commerce Energy Group Inc (CMNR) | $93.62 Million | 5.79% | 0.34x | $0.94 |
| Canadian Utilities Limited (CUTLF) | $7.07 Billion | 8.94% | 2.11x | $4.62 Billion |