TSX:AQN Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '25 Dec 4, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Market Capitalization	6,238	4,895	5,761	5,947	12,276	12,508	Upgrade
Market Cap Growth	22.08%	-15.04%	-3.13%	-51.55%	-1.86%	29.89%	Upgrade
Enterprise Value	15,996	17,232	19,915	19,089	23,331	18,851	Upgrade
PE Ratio	52.53	-	214.71	-	37.91	12.68	Upgrade
PS Ratio	1.88	1.47	1.82	1.59	4.26	5.85	Upgrade
PB Ratio	0.88	0.55	0.63	0.61	1.26	1.64	Upgrade
P/OCF Ratio	9.62	7.06	6.95	7.10	61.60	19.43	Upgrade
EV/Sales Ratio	4.81	5.16	6.27	5.10	8.11	8.82	Upgrade
EV/EBITDA Ratio	13.93	14.41	18.47	14.75	24.30	22.58	Upgrade
EV/EBIT Ratio	22.56	27.50	32.60	28.18	51.82	43.37	Upgrade
EV/FCF Ratio	-31.96	-	-	-	-	-	Upgrade
Debt / Equity Ratio	1.27	1.09	1.08	1.05	0.81	0.77	Upgrade
Debt / EBITDA Ratio	7.82	8.10	9.19	7.88	8.23	7.02	Upgrade
Quick Ratio	0.65	0.31	0.25	0.38	0.39	0.45	Upgrade
Current Ratio	1.23	0.76	0.63	0.71	0.69	0.73	Upgrade
Asset Turnover	0.15	0.13	0.13	0.16	0.15	0.14	Upgrade
Return on Equity (ROE)	0.15%	-0.15%	-0.36%	-4.15%	2.71%	13.57%	Upgrade
Return on Assets (ROA)	2.02%	1.54%	1.61%	1.82%	1.48%	1.77%	Upgrade
Return on Capital (ROIC)	2.51%	1.99%	1.98%	2.18%	1.81%	2.21%	Upgrade
Return on Capital Employed (ROCE)	4.00%	2.80%	2.80%	3.10%	2.30%	2.80%	Upgrade
Earnings Yield	-0.83%	-40.58%	0.66%	-4.82%	2.73%	7.97%	Upgrade
FCF Yield	-8.02%	-11.48%	-9.13%	-10.69%	-12.24%	-2.86%	Upgrade
Dividend Yield	4.44%	8.11%	7.57%	12.83%	5.80%	4.84%	Upgrade
Payout Ratio	-	-	1153.74%	-	119.35%	33.51%	Upgrade
Buyback Yield / Dilution	-7.83%	-6.27%	-1.90%	-7.78%	-11.44%	-11.82%	Upgrade
Total Shareholder Return	-3.39%	1.85%	5.67%	5.05%	-5.65%	-6.98%	Upgrade

Source: S&P Capital IQ. Utility template. Financial Sources.