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Side-by-side financial comparison of ALGONQUIN POWER & UTILITIES CORP. (AQN) and AdvanSix Inc. (ASIX). Click either name above to swap in a different company.
ALGONQUIN POWER & UTILITIES CORP. is the larger business by last-quarter revenue ($527.8M vs $359.9M, roughly 1.5× AdvanSix Inc.). ALGONQUIN POWER & UTILITIES CORP. runs the higher net margin — 4.6% vs -0.8%, a 5.3% gap on every dollar of revenue. On growth, AdvanSix Inc. posted the faster year-over-year revenue change (9.4% vs -11.8%). ALGONQUIN POWER & UTILITIES CORP. produced more free cash flow last quarter ($64.1M vs $36.1M).
Algonquin Power & Utilities Corp. is a Canadian regulated utility company with assets across North America, Bermuda, and Chile. Algonquin provides water, wastewater, natural gas, and electricity services through its operating subsidiaries: Liberty Utilities, its regulated utility business; Bermuda Electric Light Company, and Suralis in Chile.
AdvanSix Inc. is an American chemical company that produces nylon 6 and related chemicals such as caprolactam and ammonium sulfate fertilizers. It operated as Honeywell's Resins and Chemicals division until 2016, when it was spun off as a separate company. The unit accounted for 3 percent of Honeywell's sales at the time. For 2019, revenue is estimated at $1.4 billion. The company traces its lineage to the H. W. Jayne Company, established 1884 in Frankford, Pennsylvania.
AQN vs ASIX — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $527.8M | $359.9M |
| Net Profit | $24.1M | $-2.8M |
| Gross Margin | 36.8% | 7.6% |
| Operating Margin | 12.3% | -0.7% |
| Net Margin | 4.6% | -0.8% |
| Revenue YoY | -11.8% | 9.4% |
| Net Profit YoY | -88.0% | -892.9% |
| EPS (diluted) | $0.02 | $-0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $359.9M | ||
| Q3 25 | — | $374.5M | ||
| Q2 25 | $527.8M | $410.0M | ||
| Q1 25 | — | $377.8M | ||
| Q4 24 | — | $329.1M | ||
| Q3 24 | — | $398.2M | ||
| Q2 24 | $598.6M | $453.5M | ||
| Q1 24 | — | $336.8M |
| Q4 25 | — | $-2.8M | ||
| Q3 25 | — | $-2.6M | ||
| Q2 25 | $24.1M | $31.4M | ||
| Q1 25 | — | $23.3M | ||
| Q4 24 | — | $352.0K | ||
| Q3 24 | — | $22.3M | ||
| Q2 24 | $200.8M | $38.9M | ||
| Q1 24 | — | $-17.4M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | 36.8% | 14.3% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | 29.6% | 17.9% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | -0.7% | ||
| Q3 25 | — | -0.9% | ||
| Q2 25 | 12.3% | 7.7% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | 13.7% | 11.5% | ||
| Q1 24 | — | -7.0% |
| Q4 25 | — | -0.8% | ||
| Q3 25 | — | -0.7% | ||
| Q2 25 | 4.6% | 7.7% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | 33.5% | 8.6% | ||
| Q1 24 | — | -5.2% |
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.10 | ||
| Q2 25 | $0.02 | $1.15 | ||
| Q1 25 | — | $0.86 | ||
| Q4 24 | — | $0.02 | ||
| Q3 24 | — | $0.82 | ||
| Q2 24 | $0.03 | $1.43 | ||
| Q1 24 | — | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $55.1M | $19.8M |
| Total DebtLower is stronger | $6.3B | — |
| Stockholders' EquityBook value | $4.7B | $815.2M |
| Total Assets | $3.6B | $1.7B |
| Debt / EquityLower = less leverage | 1.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $19.8M | ||
| Q3 25 | — | $23.7M | ||
| Q2 25 | $55.1M | $18.4M | ||
| Q1 25 | — | $8.3M | ||
| Q4 24 | — | $19.6M | ||
| Q3 24 | — | $17.3M | ||
| Q2 24 | $237.9M | $12.1M | ||
| Q1 24 | — | $20.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $6.3B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $8.3B | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $815.2M | ||
| Q3 25 | — | $818.2M | ||
| Q2 25 | $4.7B | $823.7M | ||
| Q1 25 | — | $794.4M | ||
| Q4 24 | — | $774.6M | ||
| Q3 24 | — | $766.4M | ||
| Q2 24 | $6.2B | $746.6M | ||
| Q1 24 | — | $713.2M |
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $3.6B | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | $3.1B | $1.5B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.34× | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $249.9M | $63.7M |
| Free Cash FlowOCF − Capex | $64.1M | $36.1M |
| FCF MarginFCF / Revenue | 12.1% | 10.0% |
| Capex IntensityCapex / Revenue | 35.2% | 7.7% |
| Cash ConversionOCF / Net Profit | 10.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-41.0K | $6.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $63.7M | ||
| Q3 25 | — | $26.6M | ||
| Q2 25 | $249.9M | $21.1M | ||
| Q1 25 | — | $11.4M | ||
| Q4 24 | — | $64.2M | ||
| Q3 24 | — | $57.3M | ||
| Q2 24 | $236.2M | $50.2M | ||
| Q1 24 | — | $-36.2M |
| Q4 25 | — | $36.1M | ||
| Q3 25 | — | $66.0K | ||
| Q2 25 | $64.1M | $-7.2M | ||
| Q1 25 | — | $-22.6M | ||
| Q4 24 | — | $29.8M | ||
| Q3 24 | — | $26.8M | ||
| Q2 24 | $31.9M | $16.7M | ||
| Q1 24 | — | $-71.6M |
| Q4 25 | — | 10.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | 12.1% | -1.7% | ||
| Q1 25 | — | -6.0% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | 5.3% | 3.7% | ||
| Q1 24 | — | -21.3% |
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 7.1% | ||
| Q2 25 | 35.2% | 6.9% | ||
| Q1 25 | — | 9.0% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | 34.1% | 7.4% | ||
| Q1 24 | — | 10.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.37× | 0.67× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 182.29× | ||
| Q3 24 | — | 2.57× | ||
| Q2 24 | 1.18× | 1.29× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AQN
Segment breakdown not available.
ASIX
| Plant Nutrients | $140.0M | 39% |
| Chemical Intermediates | $92.8M | 26% |
| Caprolactam | $64.4M | 18% |
| Nylon Resins | $62.8M | 17% |
