AQN vs EXC vs AEP Stock Comparison

Algonquin Power & Utilities, Exelon and American Electric Power Prices as of Oct 28, 2026 Peers: Industry group
EXC Exelon Corp
$44.77 +11.0% 1M -6.1% 1Y
Market cap
$46.20B
P/E
16.5x
Revenue (TTM)
$25.33B
Div. yield
3.71%
Regulated Electric Utilities Utilities
4 wins

Head to Head

12 decided of 12

American Electric Power leads on 7 of the 12 questions below (American Electric Power 7, Exelon 4, Algonquin Power & Utilities 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAQNEXCAEPLeader
Larger companyMarket capitalisation $4.10B $46.20B $69.79B AEP
Cheaper on earningsLower P/E, profitable companies only 29.5x 16.5x 25.3x EXC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.7x 14.9x 21.3x EXC
Faster revenue growthRevenue growth, trailing twelve months +5.7% +6.6% +10.3% AEP
More profitableNet margin, trailing twelve months 11.5% 11.0% 12.1% AEP
Better return on capitalReturn on invested capital 3.4% 5.4% 5.5% AEP
Less leveragedLower net debt / EBITDA 7.0x 5.6x 6.0x EXC
Higher dividend yieldTrailing dividend yield 5.24% 3.71% 2.96% AQN
Better 1-year returnPrice return, last 12 months -7.1% -6.1% +11.4% AEP
Better 5-year returnAnnualised price return, 5 years -18.0%/yr +3.4%/yr +8.6%/yr AEP
Less volatileAnnualised volatility, 1 year 25.7% 20.1% 19.4% AEP
Higher overall scoreMean of the five percentile scores vs peers 56/100 63/100 40/100 EXC

Percentile Scorecard

AQNEXCAEP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAQNEXCAEP
Valuation 74 #18 of 67 79 #15 of 67 24 #51 of 67
Growth 67 #22 of 65 83 #12 of 65 64 #24 of 65
Profitability 67 #21 of 62 43 #36 of 62 57 #27 of 62
Financial Health 38 #39 of 62 44 #35 of 62 28 #45 of 62
Shareholder Returns 33 #45 of 67 65 #24 of 67 29 #48 of 67
Overall 56 63 40
  • AQN ranked among 67 companies in Regulated Utilities
  • EXC ranked among 67 companies in Regulated Utilities
  • AEP ranked among 67 companies in Regulated Utilities

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAQNEXCAEPSPY
1 month +6.8%+11.0%+8.5% +0.9%
3 months -10.6%-4.8%-0.9% +5.9%
6 months -13.3%-4.8%-4.6% +8.5%
Year to date -13.2%+2.7%+11.2% +13.3%
1 year -7.1%-6.1%+11.4% +12.4%
3 years +6.2%+16.5%+71.1% +88.1%
3 years, per year +2.0%+5.2%+19.6% +23.5%
5 years -63.0%+18.0%+51.3% +68.2%
5 years, per year -18.0%+3.4%+8.6% +11.0%
10 years -39.4%+88.9%+102.2% +263.4%
10 years, per year -4.9%+6.6%+7.3% +13.8%

Risk

MeasureAQNEXCAEPSPY
Volatility, 1Y 25.7%20.1%19.4% 12.7%
Downside volatility, 1Y 28.3%20.2%19.3% 12.7%
Beta vs S&P 500, 1Y 0.23-0.27-0.07 1.00
Return / volatility, 1Y -0.28-0.310.59 0.98
Max drawdown, 5Y -73.3%-33.1%-32.2% -25.4%
From 52-week high -23.5%-11.0%-7.6% -0.9%
52-week high $6.98$50.29$138.69 $779.14
52-week low $4.99$40.20$113.70 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAQNEXCAEP
P/E now vs peer median 29.5xmedian 20.8x 16.5xmedian 20.8x 25.3xmedian 20.8x
P/S now vs peer median 3.4xmedian 2.9x 1.8xmedian 2.9x 3.1xmedian 2.9x
EV/EBITDA now vs peer median 11.4xmedian 13.1x 10.7xmedian 13.1x 13.9xmedian 13.1x
P/FCF now vs peer median 25.7xmedian 35.3x -24.1xmedian 35.3x -12.1xmedian 35.3x
P/B now vs peer median 0.8xmedian 1.7x 1.6xmedian 1.7x 2.1xmedian 1.7x
PEG now vs peer median 0.84median 2.18 1.97median 2.18 2.73median 2.18

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAQNEXCAEP
Revenue $1.21B $25.33B $22.79B
Gross profit -$435.80M – $15.43B
Operating income $525.40M $5.27B $5.24B
Net income $167.50M $2.78B $3.07B
Free cash flow $159.40M -$1.92B -$5.75B
EPS (diluted) $0.18 $2.71 $5.02
Cash & equivalents $55.00M $1.81B $375.00M
Total debt $6.64B $201.12B $52.84B
Shares (diluted) 772.41M 1.03B 550.63M
Enterprise value $4.26B $41.52B $68.17B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAQNEXCAEP
P/E 29.5x 16.5x 25.3x
P/FCF 25.7x -24.1x -12.1x
P/Operating cash flow 4.0x 6.4x 9.1x
P/S 3.4x 1.8x 3.1x
P/B 0.8x 1.6x 2.1x
P/Tangible book 0.8x 1.6x 2.1x
EV/EBITDA 11.4x 10.7x 13.9x
EV/EBIT 20.3x 18.3x 23.3x
EV/Revenue 8.9x 3.8x 5.4x
EV/FCF 67.0x -50.5x -21.2x
EV/Operating cash flow 10.4x 13.4x 15.9x
PEG (3Y EPS CAGR) 0.84 1.97 2.73

Growth

14 metrics
MetricAQNEXCAEP
Revenue growth (1Y) 5.7% 6.6% 10.3%
Revenue CAGR (3Y) -5.3% 8.4% 5.4%
Gross profit growth (1Y) 5.7% – 8.1%
Gross profit CAGR (3Y) 6.1% – 7.8%
Operating income growth (1Y) 14.0% 10.8% 2.2%
Operating income CAGR (3Y) -5.8% 14.3% 19.5%
Net income growth (1Y) 112.7% 4.9% -17.4%
Net income CAGR (3Y) 52.3% 9.5% 15.7%
EPS growth (1Y) 153.3% 3.3% 5.2%
EPS CAGR (3Y) 35.1% 8.4% 9.2%
Operating cash flow growth (1Y) 6.7% 23.8% 17.1%
Operating cash flow CAGR (3Y) 11.6% 28.6% 22.6%
Free cash flow growth (1Y) -45.1% -8.6% -63.5%
Free cash flow CAGR (3Y) 28.6% 21.3% -19.1%

Profitability

14 metrics
MetricAQNEXCAEP
Gross margin -36.1% – 67.7%
EBITDA margin 77.8% 35.6% 38.4%
Operating margin 43.6% 20.8% 23.0%
Pretax margin 16.2% 13.3% 15.4%
Net margin 11.5% 11.0% 12.1%
FCF margin 13.2% -7.6% -25.2%
Operating cash flow margin 85.2% 28.5% 33.8%
Return on equity 1.5% 9.4% 9.6%
Return on assets – 2.3% 2.7%
Return on invested capital 3.4% 5.4% 5.5%
Return on capital employed – 4.8% 5.0%
Asset turnover – 0.2x 0.2x
Cash conversion (OCF / net income) 6.1x 2.6x 2.5x
Stock comp / revenue 1.0% – –

Financial Health

11 metrics
MetricAQNEXCAEP
Debt / assets 47.7% 43.4% 43.5%
Debt / equity 1.3x 1.8x 1.6x
Net debt / EBITDA 7.0x 5.6x 6.0x
Debt / FCF 41.6x -27.3x -9.2x
Liabilities / assets 64.3% 75.4% 72.6%
Equity / assets 35.7% 24.6% 27.4%
Interest coverage 1.9x – 2.4x
Current ratio 0.9x 1.1x 0.5x
Quick ratio 0.4x 0.7x 0.3x
Cash ratio 0.1x 0.2x 0.0x
Altman Z-score 0.18 0.76 0.92

Shareholder Returns

7 metrics
MetricAQNEXCAEP
Dividend yield 5.2% 3.7% 3.0%
Net buyback yield -0.2% – –
Shareholder yield 5.0% 3.7% 3.0%
Payout ratio (earnings) 180.2% 59.9% –
Payout ratio (FCF) 189.3% -87.1% –
Dividend growth (1Y) -30.8% 6.2% –
Dividend CAGR (3Y) -17.9% 6.3% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAQNEXCAEP
Forward P/E 15.7xFY2026 14.9xFY2026 21.3xFY2026
EPS, next fiscal year $0.34FY2026 $3.01FY2026 $6.01FY2026
EPS growth, next FY 0.0%FY2026 +8.7%FY2026 +0.7%FY2026
EPS growth, the year after +17.6% +7.0% +19.0%
Revenue, next fiscal year $2.45BFY2026 $26.87BFY2026 $23.09BFY2026
Revenue growth, next FY +0.9%FY2026 +10.7%FY2026 +5.5%FY2026
Revenue growth, the year after +14.7% -8.8% +3.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAQNEXCAEP
Held by institutions 68.7% 92.0% 92.1%
Institutions holding 241 1,282 1,985
Change in shares held, QoQ +2.1% +5.8% +13.2%
Institutions buying 129 699 1,065
Institutions selling 67 372 584
Buyers to sellers 1.93 1.88 1.82

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AQNEXCAEP
AQN 1.00 0.25 0.37
EXC 0.25 1.00 0.76
AEP 0.37 0.76 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AQN, EXC and AEP?

American Electric Power (AEP) is the largest by market capitalisation: Algonquin Power & Utilities (AQN) $4.10B, Exelon (EXC) $46.20B, American Electric Power (AEP) $69.79B.

Which stock is cheaper, AQN, EXC and AEP?

Exelon (EXC) trades on the lowest price-to-earnings ratio (Algonquin Power & Utilities (AQN) 29.5x, Exelon (EXC) 16.5x, American Electric Power (AEP) 25.3x). On next year's consensus earnings, Exelon (EXC) is cheapest (Algonquin Power & Utilities (AQN) 15.7x, Exelon (EXC) 14.9x, American Electric Power (AEP) 21.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

American Electric Power (AEP) grew revenue fastest over the trailing twelve months: Algonquin Power & Utilities (AQN) +5.7%, Exelon (EXC) +6.6%, American Electric Power (AEP) +10.3%.

Which company is more profitable?

American Electric Power (AEP) has the highest net margin (Algonquin Power & Utilities (AQN) 11.5%, Exelon (EXC) 11.0%, American Electric Power (AEP) 12.1%). On return on invested capital, American Electric Power (AEP) leads (Algonquin Power & Utilities (AQN) 3.4%, Exelon (EXC) 5.4%, American Electric Power (AEP) 5.5%).

Which stock has performed better?

Over the past year American Electric Power (AEP) returned the most: Algonquin Power & Utilities (AQN) -7.1%, Exelon (EXC) -6.1%, American Electric Power (AEP) +11.4%. Over five years, American Electric Power (AEP) compounded fastest (Algonquin Power & Utilities (AQN) -18.0%/yr, Exelon (EXC) +3.4%/yr, American Electric Power (AEP) +8.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Algonquin Power & Utilities (AQN) has the highest dividend yield: Algonquin Power & Utilities (AQN) 5.24%, Exelon (EXC) 3.71%, American Electric Power (AEP) 2.96%.

Which stock is riskier?

By one-year price volatility, American Electric Power (AEP) has been the steadiest (Algonquin Power & Utilities (AQN) 25.7%, Exelon (EXC) 20.1%, American Electric Power (AEP) 19.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AQN, EXC and AEP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, American Electric Power (AEP) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.