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Side-by-side financial comparison of ALGONQUIN POWER & UTILITIES CORP. (AQN) and Ascendis Pharma A/S (ASND). 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 $267.3M, roughly 2.0× Ascendis Pharma A/S). On growth, Ascendis Pharma A/S posted the faster year-over-year revenue change (42.3% vs -11.8%).

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.

Growth hormone therapy refers to the use of growth hormone (GH) as a prescription medication—it is one form of hormone therapy. Growth hormone is a peptide hormone secreted by the pituitary gland that stimulates growth and cell reproduction. In the past, growth hormone was extracted from human pituitary glands. Growth hormone is now produced by recombinant DNA technology and is prescribed for a variety of reasons. GH therapy has been a focus of social and ethical controversies for 50 years.

AQN vs ASND — Head-to-Head

Bigger by revenue
AQN
AQN
2.0× larger
AQN
$527.8M
$267.3M
ASND
Growing faster (revenue YoY)
ASND
ASND
+54.1% gap
ASND
42.3%
-11.8%
AQN

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AQN
AQN
ASND
ASND
Revenue
$527.8M
$267.3M
Net Profit
$24.1M
Gross Margin
36.8%
90.5%
Operating Margin
12.3%
Net Margin
4.6%
Revenue YoY
-11.8%
42.3%
Net Profit YoY
-88.0%
EPS (diluted)
$0.02

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.

Revenue
AQN
AQN
ASND
ASND
Q4 25
$267.3M
Q3 25
$230.7M
Q2 25
$527.8M
$170.7M
Q1 25
$109.0M
Q4 24
$187.8M
Q3 24
$62.5M
Q2 24
$598.6M
$38.9M
Q1 24
$103.6M
Net Profit
AQN
AQN
ASND
ASND
Q4 25
Q3 25
$-65.9M
Q2 25
$24.1M
$-42.0M
Q1 25
$-102.2M
Q4 24
Q3 24
$-107.1M
Q2 24
$200.8M
$-118.1M
Q1 24
$-141.5M
Gross Margin
AQN
AQN
ASND
ASND
Q4 25
90.5%
Q3 25
89.5%
Q2 25
36.8%
80.1%
Q1 25
82.6%
Q4 24
91.9%
Q3 24
80.6%
Q2 24
29.6%
68.2%
Q1 24
92.1%
Operating Margin
AQN
AQN
ASND
ASND
Q4 25
Q3 25
5.1%
Q2 25
12.3%
-33.5%
Q1 25
-103.2%
Q4 24
Q3 24
-167.3%
Q2 24
13.7%
-370.2%
Q1 24
-51.2%
Net Margin
AQN
AQN
ASND
ASND
Q4 25
Q3 25
-28.5%
Q2 25
4.6%
-24.6%
Q1 25
-93.7%
Q4 24
Q3 24
-171.5%
Q2 24
33.5%
-303.9%
Q1 24
-136.6%
EPS (diluted)
AQN
AQN
ASND
ASND
Q4 25
Q3 25
Q2 25
$0.02
Q1 25
Q4 24
Q3 24
Q2 24
$0.03
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AQN
AQN
ASND
ASND
Cash + ST InvestmentsLiquidity on hand
$55.1M
$665.3M
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$4.7B
$-175.8M
Total Assets
$3.6B
$1.4B
Debt / EquityLower = less leverage
1.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AQN
AQN
ASND
ASND
Q4 25
$665.3M
Q3 25
$582.2M
Q2 25
$55.1M
$533.6M
Q1 25
$559.4M
Q4 24
$604.3M
Q3 24
$675.6M
Q2 24
$237.9M
$279.4M
Q1 24
$345.9M
Total Debt
AQN
AQN
ASND
ASND
Q4 25
Q3 25
Q2 25
$6.3B
Q1 25
Q4 24
Q3 24
Q2 24
$8.3B
Q1 24
Stockholders' Equity
AQN
AQN
ASND
ASND
Q4 25
$-175.8M
Q3 25
$-188.0M
Q2 25
$4.7B
$-202.6M
Q1 25
$-205.0M
Q4 24
$-114.2M
Q3 24
$-105.1M
Q2 24
$6.2B
$-346.8M
Q1 24
$-257.2M
Total Assets
AQN
AQN
ASND
ASND
Q4 25
$1.4B
Q3 25
$1.2B
Q2 25
$3.6B
$1.2B
Q1 25
$1.1B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$3.1B
$819.0M
Q1 24
$866.7M
Debt / Equity
AQN
AQN
ASND
ASND
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
AQN
AQN
ASND
ASND
Operating Cash FlowLast quarter
$249.9M
$58.2M
Free Cash FlowOCF − Capex
$64.1M
FCF MarginFCF / Revenue
12.1%
Capex IntensityCapex / Revenue
35.2%
Cash ConversionOCF / Net Profit
10.37×
TTM Free Cash FlowTrailing 4 quarters
$-41.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AQN
AQN
ASND
ASND
Q4 25
$58.2M
Q3 25
Q2 25
$249.9M
Q1 25
$-15.5M
Q4 24
$-330.7M
Q3 24
Q2 24
$236.2M
Q1 24
$-109.7M
Free Cash Flow
AQN
AQN
ASND
ASND
Q4 25
Q3 25
Q2 25
$64.1M
Q1 25
Q4 24
Q3 24
Q2 24
$31.9M
Q1 24
FCF Margin
AQN
AQN
ASND
ASND
Q4 25
Q3 25
Q2 25
12.1%
Q1 25
Q4 24
Q3 24
Q2 24
5.3%
Q1 24
Capex Intensity
AQN
AQN
ASND
ASND
Q4 25
Q3 25
Q2 25
35.2%
Q1 25
Q4 24
Q3 24
Q2 24
34.1%
Q1 24
Cash Conversion
AQN
AQN
ASND
ASND
Q4 25
Q3 25
Q2 25
10.37×
Q1 25
Q4 24
Q3 24
Q2 24
1.18×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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