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Side-by-side financial comparison of ALGONQUIN POWER & UTILITIES CORP. (AQN) and Bio-Techne (TECH). 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 $311.4M, roughly 1.7× Bio-Techne). Bio-Techne runs the higher net margin — 16.4% vs 4.6%, a 11.8% gap on every dollar of revenue. On growth, Bio-Techne posted the faster year-over-year revenue change (-1.5% 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.
Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets.
AQN vs TECH — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $527.8M | $311.4M |
| Net Profit | $24.1M | $51.0M |
| Gross Margin | 36.8% | 66.9% |
| Operating Margin | 12.3% | 24.2% |
| Net Margin | 4.6% | 16.4% |
| Revenue YoY | -11.8% | -1.5% |
| Net Profit YoY | -88.0% | 126.0% |
| EPS (diluted) | $0.02 | $0.32 |
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.
| Q1 26 | — | $311.4M | ||
| Q4 25 | — | $295.9M | ||
| Q2 25 | $527.8M | $317.0M | ||
| Q1 25 | — | $316.2M | ||
| Q4 24 | — | $297.0M | ||
| Q3 24 | — | $289.5M | ||
| Q2 24 | $598.6M | $306.1M | ||
| Q1 24 | — | $303.4M |
| Q1 26 | — | $51.0M | ||
| Q4 25 | — | $38.0M | ||
| Q2 25 | $24.1M | $-17.7M | ||
| Q1 25 | — | $22.6M | ||
| Q4 24 | — | $34.9M | ||
| Q3 24 | — | $33.6M | ||
| Q2 24 | $200.8M | $40.6M | ||
| Q1 24 | — | $49.1M |
| Q1 26 | — | 66.9% | ||
| Q4 25 | — | 64.6% | ||
| Q2 25 | 36.8% | 62.7% | ||
| Q1 25 | — | 67.9% | ||
| Q4 24 | — | 65.3% | ||
| Q3 24 | — | 63.2% | ||
| Q2 24 | 29.6% | 66.4% | ||
| Q1 24 | — | 67.4% |
| Q1 26 | — | 24.2% | ||
| Q4 25 | — | 18.4% | ||
| Q2 25 | 12.3% | -7.5% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | — | 16.0% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | 13.7% | 15.0% | ||
| Q1 24 | — | 22.1% |
| Q1 26 | — | 16.4% | ||
| Q4 25 | — | 12.8% | ||
| Q2 25 | 4.6% | -5.6% | ||
| Q1 25 | — | 7.1% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | 33.5% | 13.3% | ||
| Q1 24 | — | 16.2% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | — | $0.24 | ||
| Q2 25 | $0.02 | $-0.11 | ||
| Q1 25 | — | $0.14 | ||
| Q4 24 | — | $0.22 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | $0.03 | $0.26 | ||
| Q1 24 | — | $0.31 |
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 | $209.8M |
| Total DebtLower is stronger | $6.3B | — |
| Stockholders' EquityBook value | $4.7B | $2.1B |
| Total Assets | $3.6B | $2.6B |
| Debt / EquityLower = less leverage | 1.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $209.8M | ||
| Q4 25 | — | $172.9M | ||
| Q2 25 | $55.1M | $162.2M | ||
| Q1 25 | — | $140.7M | ||
| Q4 24 | — | $177.5M | ||
| Q3 24 | — | $187.5M | ||
| Q2 24 | $237.9M | $152.9M | ||
| Q1 24 | — | $145.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $260.0M | ||
| Q2 25 | $6.3B | $346.0M | ||
| Q1 25 | — | $330.0M | ||
| Q4 24 | — | $300.0M | ||
| Q3 24 | — | $300.0M | ||
| Q2 24 | $8.3B | $319.0M | ||
| Q1 24 | — | $389.0M |
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.0B | ||
| Q2 25 | $4.7B | $1.9B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | $6.2B | $2.1B | ||
| Q1 24 | — | $2.0B |
| Q1 26 | — | $2.6B | ||
| Q4 25 | — | $2.5B | ||
| Q2 25 | $3.6B | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | $3.1B | $2.7B | ||
| Q1 24 | — | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.13× | ||
| Q2 25 | 1.35× | 0.18× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | 1.34× | 0.15× | ||
| Q1 24 | — | 0.19× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q2 25 | $249.9M | $98.2M | ||
| Q1 25 | — | $41.1M | ||
| Q4 24 | — | $84.3M | ||
| Q3 24 | — | $63.9M | ||
| Q2 24 | $236.2M | $75.5M | ||
| Q1 24 | — | $81.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q2 25 | $64.1M | $93.3M | ||
| Q1 25 | — | $31.0M | ||
| Q4 24 | — | $77.5M | ||
| Q3 24 | — | $54.7M | ||
| Q2 24 | $31.9M | $57.5M | ||
| Q1 24 | — | $64.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q2 25 | 12.1% | 29.4% | ||
| Q1 25 | — | 9.8% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 18.9% | ||
| Q2 24 | 5.3% | 18.8% | ||
| Q1 24 | — | 21.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q2 25 | 35.2% | 1.5% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | 34.1% | 5.9% | ||
| Q1 24 | — | 5.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q2 25 | 10.37× | — | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 2.42× | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | 1.18× | 1.86× | ||
| Q1 24 | — | 1.65× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AQN
Segment breakdown not available.
TECH
| Protein Sciences segment revenue | $226.2M | 73% |
| Diagnostics and Spatial Biology segment revenue | $85.6M | 27% |
| Other revenue (1) | $5.4M | 2% |
