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Side-by-side financial comparison of ALGONQUIN POWER & UTILITIES CORP. (AQN) and OUTFRONT Media Inc. (OUT). 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 $513.3M, roughly 1.0× OUTFRONT Media Inc.). OUTFRONT Media Inc. runs the higher net margin — 18.9% vs 4.6%, a 14.3% gap on every dollar of revenue. On growth, OUTFRONT Media Inc. posted the faster year-over-year revenue change (4.1% vs -11.8%). OUTFRONT Media Inc. produced more free cash flow last quarter ($93.3M vs $64.1M).

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.

Outfront Media, Inc. is an American advertising company. It operates in the United States. The Americas division is led by chief executive officer Nick Brien. Outfront Media has both billboards and transit displays.

AQN vs OUT — Head-to-Head

Bigger by revenue
AQN
AQN
1.0× larger
AQN
$527.8M
$513.3M
OUT
Growing faster (revenue YoY)
OUT
OUT
+15.9% gap
OUT
4.1%
-11.8%
AQN
Higher net margin
OUT
OUT
14.3% more per $
OUT
18.9%
4.6%
AQN
More free cash flow
OUT
OUT
$29.2M more FCF
OUT
$93.3M
$64.1M
AQN

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AQN
AQN
OUT
OUT
Revenue
$527.8M
$513.3M
Net Profit
$24.1M
$96.8M
Gross Margin
36.8%
Operating Margin
12.3%
26.0%
Net Margin
4.6%
18.9%
Revenue YoY
-11.8%
4.1%
Net Profit YoY
-88.0%
30.8%
EPS (diluted)
$0.02
$0.57

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
OUT
OUT
Q4 25
$513.3M
Q3 25
$467.5M
Q2 25
$527.8M
$460.2M
Q1 25
$390.7M
Q4 24
$493.2M
Q3 24
$451.9M
Q2 24
$598.6M
$477.3M
Q1 24
$408.5M
Net Profit
AQN
AQN
OUT
OUT
Q4 25
$96.8M
Q3 25
$51.3M
Q2 25
$24.1M
$19.5M
Q1 25
$-20.6M
Q4 24
$74.0M
Q3 24
$34.6M
Q2 24
$200.8M
$176.8M
Q1 24
$-27.2M
Gross Margin
AQN
AQN
OUT
OUT
Q4 25
Q3 25
Q2 25
36.8%
Q1 25
Q4 24
Q3 24
Q2 24
29.6%
Q1 24
Operating Margin
AQN
AQN
OUT
OUT
Q4 25
26.0%
Q3 25
19.2%
Q2 25
12.3%
12.2%
Q1 25
3.6%
Q4 24
22.5%
Q3 24
15.8%
Q2 24
13.7%
48.0%
Q1 24
3.4%
Net Margin
AQN
AQN
OUT
OUT
Q4 25
18.9%
Q3 25
11.0%
Q2 25
4.6%
4.2%
Q1 25
-5.3%
Q4 24
15.0%
Q3 24
7.7%
Q2 24
33.5%
37.0%
Q1 24
-6.7%
EPS (diluted)
AQN
AQN
OUT
OUT
Q4 25
$0.57
Q3 25
$0.29
Q2 25
$0.02
$0.10
Q1 25
$-0.14
Q4 24
$0.49
Q3 24
$0.19
Q2 24
$0.03
$1.01
Q1 24
$-0.18

Balance Sheet & Financial Strength

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

Metric
AQN
AQN
OUT
OUT
Cash + ST InvestmentsLiquidity on hand
$55.1M
$99.9M
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$4.7B
$710.4M
Total Assets
$3.6B
$5.3B
Debt / EquityLower = less leverage
1.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AQN
AQN
OUT
OUT
Q4 25
$99.9M
Q3 25
$63.0M
Q2 25
$55.1M
$28.5M
Q1 25
$30.5M
Q4 24
$46.9M
Q3 24
$28.0M
Q2 24
$237.9M
$49.6M
Q1 24
$42.4M
Total Debt
AQN
AQN
OUT
OUT
Q4 25
Q3 25
Q2 25
$6.3B
Q1 25
Q4 24
Q3 24
Q2 24
$8.3B
Q1 24
Stockholders' Equity
AQN
AQN
OUT
OUT
Q4 25
$710.4M
Q3 25
$542.6M
Q2 25
$4.7B
$539.1M
Q1 25
$566.9M
Q4 24
$649.0M
Q3 24
$618.2M
Q2 24
$6.2B
$664.9M
Q1 24
$524.2M
Total Assets
AQN
AQN
OUT
OUT
Q4 25
$5.3B
Q3 25
$5.2B
Q2 25
$3.6B
$5.1B
Q1 25
$5.1B
Q4 24
$5.2B
Q3 24
$5.2B
Q2 24
$3.1B
$5.3B
Q1 24
$5.5B
Debt / Equity
AQN
AQN
OUT
OUT
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
OUT
OUT
Operating Cash FlowLast quarter
$249.9M
$118.1M
Free Cash FlowOCF − Capex
$64.1M
$93.3M
FCF MarginFCF / Revenue
12.1%
18.2%
Capex IntensityCapex / Revenue
35.2%
4.8%
Cash ConversionOCF / Net Profit
10.37×
1.22×
TTM Free Cash FlowTrailing 4 quarters
$-41.0K
$218.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AQN
AQN
OUT
OUT
Q4 25
$118.1M
Q3 25
$88.8M
Q2 25
$249.9M
$67.1M
Q1 25
$33.6M
Q4 24
$124.5M
Q3 24
$73.1M
Q2 24
$236.2M
$71.0M
Q1 24
$30.6M
Free Cash Flow
AQN
AQN
OUT
OUT
Q4 25
$93.3M
Q3 25
$67.7M
Q2 25
$64.1M
$41.4M
Q1 25
$16.4M
Q4 24
$106.3M
Q3 24
$55.5M
Q2 24
$31.9M
$47.1M
Q1 24
$12.2M
FCF Margin
AQN
AQN
OUT
OUT
Q4 25
18.2%
Q3 25
14.5%
Q2 25
12.1%
9.0%
Q1 25
4.2%
Q4 24
21.6%
Q3 24
12.3%
Q2 24
5.3%
9.9%
Q1 24
3.0%
Capex Intensity
AQN
AQN
OUT
OUT
Q4 25
4.8%
Q3 25
4.5%
Q2 25
35.2%
5.6%
Q1 25
4.4%
Q4 24
3.7%
Q3 24
3.9%
Q2 24
34.1%
5.0%
Q1 24
4.5%
Cash Conversion
AQN
AQN
OUT
OUT
Q4 25
1.22×
Q3 25
1.73×
Q2 25
10.37×
3.44×
Q1 25
Q4 24
1.68×
Q3 24
2.11×
Q2 24
1.18×
0.40×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AQN
AQN

Segment breakdown not available.

OUT
OUT

Static Displays$236.3M46%
Other$134.8M26%
Digital Displays$125.3M24%
Other Revenues$1.9M0%

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