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Side-by-side financial comparison of ALGONQUIN POWER & UTILITIES CORP. (AQN) and Service Properties Trust (SVC). 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 $296.5M, roughly 1.8× Service Properties Trust). ALGONQUIN POWER & UTILITIES CORP. runs the higher net margin — 4.6% vs -0.3%, a 4.8% gap on every dollar of revenue. On growth, ALGONQUIN POWER & UTILITIES CORP. posted the faster year-over-year revenue change (-11.8% vs -17.0%). ALGONQUIN POWER & UTILITIES CORP. produced more free cash flow last quarter ($64.1M vs $-95.2M).

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.

Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...

AQN vs SVC — Head-to-Head

Bigger by revenue
AQN
AQN
1.8× larger
AQN
$527.8M
$296.5M
SVC
Growing faster (revenue YoY)
AQN
AQN
+5.1% gap
AQN
-11.8%
-17.0%
SVC
Higher net margin
AQN
AQN
4.8% more per $
AQN
4.6%
-0.3%
SVC
More free cash flow
AQN
AQN
$159.3M more FCF
AQN
$64.1M
$-95.2M
SVC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AQN
AQN
SVC
SVC
Revenue
$527.8M
$296.5M
Net Profit
$24.1M
$-782.0K
Gross Margin
36.8%
Operating Margin
12.3%
-3.9%
Net Margin
4.6%
-0.3%
Revenue YoY
-11.8%
-17.0%
Net Profit YoY
-88.0%
99.0%
EPS (diluted)
$0.02
$-0.01

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
SVC
SVC
Q4 25
$296.5M
Q3 25
$377.6M
Q2 25
$527.8M
$404.4M
Q1 25
$335.0M
Q4 24
$357.0M
Q3 24
$390.9M
Q2 24
$598.6M
$412.5M
Q1 24
$336.2M
Net Profit
AQN
AQN
SVC
SVC
Q4 25
$-782.0K
Q3 25
$-46.9M
Q2 25
$24.1M
$-38.2M
Q1 25
$-116.4M
Q4 24
$-76.4M
Q3 24
$-46.9M
Q2 24
$200.8M
$-73.8M
Q1 24
$-78.4M
Gross Margin
AQN
AQN
SVC
SVC
Q4 25
Q3 25
Q2 25
36.8%
Q1 25
Q4 24
Q3 24
Q2 24
29.6%
Q1 24
Operating Margin
AQN
AQN
SVC
SVC
Q4 25
-3.9%
Q3 25
-12.8%
Q2 25
12.3%
-9.2%
Q1 25
-33.3%
Q4 24
-19.4%
Q3 24
-12.8%
Q2 24
13.7%
-17.1%
Q1 24
-21.4%
Net Margin
AQN
AQN
SVC
SVC
Q4 25
-0.3%
Q3 25
-12.4%
Q2 25
4.6%
-9.4%
Q1 25
-34.8%
Q4 24
-21.4%
Q3 24
-12.0%
Q2 24
33.5%
-17.9%
Q1 24
-23.3%
EPS (diluted)
AQN
AQN
SVC
SVC
Q4 25
$-0.01
Q3 25
$-0.28
Q2 25
$0.02
$-0.23
Q1 25
$-0.70
Q4 24
$-0.46
Q3 24
$-0.28
Q2 24
$0.03
$-0.45
Q1 24
$-0.48

Balance Sheet & Financial Strength

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

Metric
AQN
AQN
SVC
SVC
Cash + ST InvestmentsLiquidity on hand
$55.1M
$346.8M
Total DebtLower is stronger
$6.3B
$5.5B
Stockholders' EquityBook value
$4.7B
$646.1M
Total Assets
$3.6B
$6.5B
Debt / EquityLower = less leverage
1.35×
8.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AQN
AQN
SVC
SVC
Q4 25
$346.8M
Q3 25
$417.4M
Q2 25
$55.1M
$63.2M
Q1 25
$80.1M
Q4 24
$143.5M
Q3 24
$48.6M
Q2 24
$237.9M
$14.6M
Q1 24
$71.3M
Total Debt
AQN
AQN
SVC
SVC
Q4 25
$5.5B
Q3 25
Q2 25
$6.3B
Q1 25
Q4 24
$5.8B
Q3 24
Q2 24
$8.3B
Q1 24
Stockholders' Equity
AQN
AQN
SVC
SVC
Q4 25
$646.1M
Q3 25
$647.9M
Q2 25
$4.7B
$695.9M
Q1 25
$734.6M
Q4 24
$851.9M
Q3 24
$929.0M
Q2 24
$6.2B
$1.0B
Q1 24
$1.1B
Total Assets
AQN
AQN
SVC
SVC
Q4 25
$6.5B
Q3 25
$7.0B
Q2 25
$3.6B
$6.9B
Q1 25
$7.0B
Q4 24
$7.1B
Q3 24
$7.1B
Q2 24
$3.1B
$7.1B
Q1 24
$7.2B
Debt / Equity
AQN
AQN
SVC
SVC
Q4 25
8.52×
Q3 25
Q2 25
1.35×
Q1 25
Q4 24
6.85×
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
SVC
SVC
Operating Cash FlowLast quarter
$249.9M
$-18.5M
Free Cash FlowOCF − Capex
$64.1M
$-95.2M
FCF MarginFCF / Revenue
12.1%
-32.1%
Capex IntensityCapex / Revenue
35.2%
25.9%
Cash ConversionOCF / Net Profit
10.37×
TTM Free Cash FlowTrailing 4 quarters
$-41.0K
$-107.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AQN
AQN
SVC
SVC
Q4 25
$-18.5M
Q3 25
$98.1M
Q2 25
$249.9M
$-7.0K
Q1 25
$38.2M
Q4 24
$-9.7M
Q3 24
$106.2M
Q2 24
$236.2M
$43.8M
Q1 24
$-926.0K
Free Cash Flow
AQN
AQN
SVC
SVC
Q4 25
$-95.2M
Q3 25
$57.9M
Q2 25
$64.1M
$-46.6M
Q1 25
$-23.2M
Q4 24
$-88.9M
Q3 24
$24.1M
Q2 24
$31.9M
$-22.3M
Q1 24
$-77.2M
FCF Margin
AQN
AQN
SVC
SVC
Q4 25
-32.1%
Q3 25
15.3%
Q2 25
12.1%
-11.5%
Q1 25
-6.9%
Q4 24
-24.9%
Q3 24
6.2%
Q2 24
5.3%
-5.4%
Q1 24
-23.0%
Capex Intensity
AQN
AQN
SVC
SVC
Q4 25
25.9%
Q3 25
10.6%
Q2 25
35.2%
11.5%
Q1 25
18.3%
Q4 24
22.2%
Q3 24
21.0%
Q2 24
34.1%
16.0%
Q1 24
22.7%
Cash Conversion
AQN
AQN
SVC
SVC
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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