TSX:AQN Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 17, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	6,911	6,484	4,895	5,761	5,947	12,276
Market Cap Growth	30.73%	32.46%	-15.04%	-3.13%	-51.55%	-1.86%
Enterprise Value	16,671	16,241	17,232	19,915	19,089	23,331
PE Ratio	24.28	27.77	-	214.71	-	37.91
PS Ratio	2.07	1.94	1.47	1.82	1.59	4.26
PB Ratio	1.00	0.94	0.55	0.63	0.61	1.26
P/OCF Ratio	8.49	7.97	7.06	6.95	7.10	61.60
EV/Sales Ratio	5.00	4.87	5.16	6.27	5.10	8.11
EV/EBITDA Ratio	13.22	12.88	14.41	18.47	14.75	24.30
EV/EBIT Ratio	23.41	22.81	27.50	32.60	28.18	51.82
Debt / Equity Ratio	1.30	1.30	1.09	1.08	1.05	0.81
Debt / EBITDA Ratio	7.13	7.13	8.09	9.19	7.88	8.23
Net Debt / Equity Ratio	1.29	1.29	1.08	1.08	1.05	0.80
Net Debt / EBITDA Ratio	7.10	7.10	8.05	9.16	7.82	8.07
Net Debt / FCF Ratio	-36.61	-36.61	-17.13	-18.80	-15.91	-5.15
Quick Ratio	0.44	0.44	0.31	0.25	0.38	0.39
Current Ratio	1.00	1.00	0.76	0.63	0.71	0.69
Asset Turnover	0.16	0.16	0.13	0.13	0.16	0.15
Return on Equity (ROE)	2.60%	2.60%	-0.15%	-0.36%	-4.15%	2.71%
Return on Assets (ROA)	2.09%	2.09%	1.54%	1.61%	1.82%	1.48%
Return on Capital Employed (ROCE)	4.00%	4.00%	2.80%	2.80%	3.10%	2.30%
Earnings Yield	3.38%	3.82%	-40.58%	0.66%	-4.82%	2.73%
FCF Yield	-3.54%	-3.77%	-11.48%	-9.13%	-10.69%	-12.24%
Dividend Yield	3.96%	4.22%	8.20%	7.65%	12.97%	5.86%
Payout Ratio	119.10%	117.15%	-	1153.74%	-	119.35%
Buyback Yield / Dilution	-5.23%	-5.23%	-6.27%	-1.90%	-7.78%	-11.44%
Total Shareholder Return	-1.26%	-1.00%	1.93%	5.75%	5.19%	-5.58%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.