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Side-by-side financial comparison of ALGONQUIN POWER & UTILITIES CORP. (AQN) and Ellomay Capital Ltd. (ELLO). 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 $20.1M, roughly 26.2× Ellomay Capital Ltd.).

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.

Ellomay Capital Ltd is a renewable energy enterprise focused on the development, ownership, and operation of clean power assets. Its portfolio includes solar photovoltaic projects, onshore wind farms, and pumped storage hydroelectric facilities, with core operations across Israel and key European markets, delivering low-carbon energy to both commercial and residential end consumers.

AQN vs ELLO — Head-to-Head

Bigger by revenue
AQN
AQN
26.2× larger
AQN
$527.8M
$20.1M
ELLO

Income Statement — Q2 2025 vs Q2 2025

Metric
AQN
AQN
ELLO
ELLO
Revenue
$527.8M
$20.1M
Net Profit
$24.1M
Gross Margin
36.8%
12.1%
Operating Margin
12.3%
-11.8%
Net Margin
4.6%
Revenue YoY
-11.8%
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
ELLO
ELLO
Q2 25
$527.8M
$20.1M
Q1 25
$945.0K
Q2 24
$598.6M
$19.5M
Q1 24
$71.0K
Q2 23
$627.9M
$25.5M
Q1 23
$732.0K
Q2 22
$619.4M
$29.2M
Q1 22
$852.0K
Net Profit
AQN
AQN
ELLO
ELLO
Q2 25
$24.1M
Q1 25
Q2 24
$200.8M
Q1 24
Q2 23
$-253.2M
Q1 23
Q2 22
$-33.4M
Q1 22
Gross Margin
AQN
AQN
ELLO
ELLO
Q2 25
36.8%
12.1%
Q1 25
Q2 24
29.6%
8.7%
Q1 24
Q2 23
24.3%
21.1%
Q1 23
Q2 22
22.6%
27.7%
Q1 22
Operating Margin
AQN
AQN
ELLO
ELLO
Q2 25
12.3%
-11.8%
Q1 25
-140.2%
Q2 24
13.7%
-9.3%
Q1 24
-2991.5%
Q2 23
14.9%
7.1%
Q1 23
-64.9%
Q2 22
17.3%
9.0%
Q1 22
-21.2%
Net Margin
AQN
AQN
ELLO
ELLO
Q2 25
4.6%
Q1 25
Q2 24
33.5%
Q1 24
Q2 23
-40.3%
Q1 23
Q2 22
-5.4%
Q1 22
EPS (diluted)
AQN
AQN
ELLO
ELLO
Q2 25
$0.02
Q1 25
Q2 24
$0.03
Q1 24
Q2 23
$-0.16
Q1 23
Q2 22
$0.02
Q1 22

Balance Sheet & Financial Strength

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

Metric
AQN
AQN
ELLO
ELLO
Cash + ST InvestmentsLiquidity on hand
$55.1M
$54.5M
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$4.7B
$171.5M
Total Assets
$3.6B
$855.5M
Debt / EquityLower = less leverage
1.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AQN
AQN
ELLO
ELLO
Q2 25
$55.1M
$54.5M
Q1 25
Q2 24
$237.9M
$59.9M
Q1 24
Q2 23
$403.6M
$80.2M
Q1 23
Q2 22
$227.6M
$62.3M
Q1 22
Total Debt
AQN
AQN
ELLO
ELLO
Q2 25
$6.3B
Q1 25
Q2 24
$8.3B
Q1 24
Q2 23
$8.1B
Q1 23
Q2 22
$7.5B
Q1 22
Stockholders' Equity
AQN
AQN
ELLO
ELLO
Q2 25
$4.7B
$171.5M
Q1 25
Q2 24
$6.2B
$136.3M
Q1 24
Q2 23
$5.2B
$129.1M
Q1 23
Q2 22
$5.6B
$85.9M
Q1 22
Total Assets
AQN
AQN
ELLO
ELLO
Q2 25
$3.6B
$855.5M
Q1 25
Q2 24
$3.1B
$678.9M
Q1 24
Q2 23
$3.3B
$656.6M
Q1 23
Q2 22
$3.3B
$596.7M
Q1 22
Debt / Equity
AQN
AQN
ELLO
ELLO
Q2 25
1.35×
Q1 25
Q2 24
1.34×
Q1 24
Q2 23
1.56×
Q1 23
Q2 22
1.33×
Q1 22

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
ELLO
ELLO
Operating Cash FlowLast quarter
$249.9M
$5.1K
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
ELLO
ELLO
Q2 25
$249.9M
$5.1K
Q1 25
Q2 24
$236.2M
$468.0K
Q1 24
Q2 23
$261.4M
$5.3M
Q1 23
Q2 22
$135.3M
$8.0M
Q1 22
Free Cash Flow
AQN
AQN
ELLO
ELLO
Q2 25
$64.1M
Q1 25
Q2 24
$31.9M
Q1 24
Q2 23
$16.2M
Q1 23
Q2 22
$-112.2M
Q1 22
FCF Margin
AQN
AQN
ELLO
ELLO
Q2 25
12.1%
Q1 25
Q2 24
5.3%
Q1 24
Q2 23
2.6%
Q1 23
Q2 22
-18.1%
Q1 22
Capex Intensity
AQN
AQN
ELLO
ELLO
Q2 25
35.2%
Q1 25
Q2 24
34.1%
Q1 24
Q2 23
39.1%
Q1 23
Q2 22
40.0%
Q1 22
Cash Conversion
AQN
AQN
ELLO
ELLO
Q2 25
10.37×
Q1 25
Q2 24
1.18×
Q1 24
Q2 23
Q1 23
Q2 22
Q1 22

Financial Flow Comparison

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

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