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Side-by-side financial comparison of ALGONQUIN POWER & UTILITIES CORP. (AQN) and MATTHEWS INTERNATIONAL CORP (MATW). 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 $284.8M, roughly 1.9× MATTHEWS INTERNATIONAL CORP). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs 4.6%, a 10.8% gap on every dollar of revenue. On growth, ALGONQUIN POWER & UTILITIES CORP. posted the faster year-over-year revenue change (-11.8% vs -29.1%). ALGONQUIN POWER & UTILITIES CORP. produced more free cash flow last quarter ($64.1M vs $-57.2M).
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.
Matthews Aurora Funeral Solutions is one of the largest manufacturers of caskets and funerary urns in the United States, selling over 38% of the country's caskets as of 2005. The Aurora, Indiana–based company is a subsidiary of Pittsburgh-based Matthews International. The company makes both wooden and metal caskets and urns for holding cremated remains. It also provides supplies and consulting services for funeral homes.
AQN vs MATW — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $527.8M | $284.8M |
| Net Profit | $24.1M | $43.6M |
| Gross Margin | 36.8% | 35.0% |
| Operating Margin | 12.3% | 34.2% |
| Net Margin | 4.6% | 15.3% |
| Revenue YoY | -11.8% | -29.1% |
| Net Profit YoY | -88.0% | 1356.6% |
| EPS (diluted) | $0.02 | $1.39 |
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 | — | $284.8M | ||
| Q2 25 | $527.8M | — | ||
| Q2 24 | $598.6M | — | ||
| Q2 23 | $627.9M | — | ||
| Q2 22 | $619.4M | — |
| Q4 25 | — | $43.6M | ||
| Q2 25 | $24.1M | — | ||
| Q2 24 | $200.8M | — | ||
| Q2 23 | $-253.2M | — | ||
| Q2 22 | $-33.4M | — |
| Q4 25 | — | 35.0% | ||
| Q2 25 | 36.8% | — | ||
| Q2 24 | 29.6% | — | ||
| Q2 23 | 24.3% | — | ||
| Q2 22 | 22.6% | — |
| Q4 25 | — | 34.2% | ||
| Q2 25 | 12.3% | — | ||
| Q2 24 | 13.7% | — | ||
| Q2 23 | 14.9% | — | ||
| Q2 22 | 17.3% | — |
| Q4 25 | — | 15.3% | ||
| Q2 25 | 4.6% | — | ||
| Q2 24 | 33.5% | — | ||
| Q2 23 | -40.3% | — | ||
| Q2 22 | -5.4% | — |
| Q4 25 | — | $1.39 | ||
| Q2 25 | $0.02 | — | ||
| Q2 24 | $0.03 | — | ||
| Q2 23 | $-0.16 | — | ||
| Q2 22 | $0.02 | — |
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 | $31.4M |
| Total DebtLower is stronger | $6.3B | $529.8M |
| Stockholders' EquityBook value | $4.7B | $543.2M |
| Total Assets | $3.6B | $1.6B |
| Debt / EquityLower = less leverage | 1.35× | 0.98× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.4M | ||
| Q2 25 | $55.1M | — | ||
| Q2 24 | $237.9M | — | ||
| Q2 23 | $403.6M | — | ||
| Q2 22 | $227.6M | — |
| Q4 25 | — | $529.8M | ||
| Q2 25 | $6.3B | — | ||
| Q2 24 | $8.3B | — | ||
| Q2 23 | $8.1B | — | ||
| Q2 22 | $7.5B | — |
| Q4 25 | — | $543.2M | ||
| Q2 25 | $4.7B | — | ||
| Q2 24 | $6.2B | — | ||
| Q2 23 | $5.2B | — | ||
| Q2 22 | $5.6B | — |
| Q4 25 | — | $1.6B | ||
| Q2 25 | $3.6B | — | ||
| Q2 24 | $3.1B | — | ||
| Q2 23 | $3.3B | — | ||
| Q2 22 | $3.3B | — |
| Q4 25 | — | 0.98× | ||
| Q2 25 | 1.35× | — | ||
| Q2 24 | 1.34× | — | ||
| Q2 23 | 1.56× | — | ||
| Q2 22 | 1.33× | — |
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 | $-52.0M |
| Free Cash FlowOCF − Capex | $64.1M | $-57.2M |
| FCF MarginFCF / Revenue | 12.1% | -20.1% |
| Capex IntensityCapex / Revenue | 35.2% | 1.8% |
| Cash ConversionOCF / Net Profit | 10.37× | -1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-41.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-52.0M | ||
| Q2 25 | $249.9M | — | ||
| Q2 24 | $236.2M | — | ||
| Q2 23 | $261.4M | — | ||
| Q2 22 | $135.3M | — |
| Q4 25 | — | $-57.2M | ||
| Q2 25 | $64.1M | — | ||
| Q2 24 | $31.9M | — | ||
| Q2 23 | $16.2M | — | ||
| Q2 22 | $-112.2M | — |
| Q4 25 | — | -20.1% | ||
| Q2 25 | 12.1% | — | ||
| Q2 24 | 5.3% | — | ||
| Q2 23 | 2.6% | — | ||
| Q2 22 | -18.1% | — |
| Q4 25 | — | 1.8% | ||
| Q2 25 | 35.2% | — | ||
| Q2 24 | 34.1% | — | ||
| Q2 23 | 39.1% | — | ||
| Q2 22 | 40.0% | — |
| Q4 25 | — | -1.19× | ||
| Q2 25 | 10.37× | — | ||
| Q2 24 | 1.18× | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
