AQN vs WEC Stock Comparison

Algonquin Power & Utilities and Wec Energy Prices as of Oct 26, 2026 Peers: Industry group
WEC Wec Energy Group, Inc.
$111.14 +9.6% 1M -4.0% 1Y
Market cap
$36.21B
P/E
21.4x
Revenue (TTM)
$10.14B
Div. yield
3.37%
Regulated Electric Utilities Utilities
9 wins

Head to Head

12 decided of 12

Wec Energy leads on 9 of the 12 questions below (Wec Energy 9, Algonquin Power & Utilities 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAQNWECLeader
Larger companyMarket capitalisation $4.12B $36.21B WEC
Cheaper on earningsLower P/E, profitable companies only 29.6x 21.4x WEC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.8x 20.7x AQN
Faster revenue growthRevenue growth, trailing twelve months +5.7% +8.9% WEC
More profitableNet margin, trailing twelve months 11.5% 16.7% WEC
Better return on capitalReturn on invested capital 3.4% 5.9% WEC
Less leveragedLower net debt / EBITDA 7.0x 5.9x WEC
Higher dividend yieldTrailing dividend yield 5.22% 3.37% AQN
Better 1-year returnPrice return, last 12 months -6.9% -4.0% WEC
Better 5-year returnAnnualised price return, 5 years -18.0%/yr +4.3%/yr WEC
Less volatileAnnualised volatility, 1 year 25.7% 16.5% WEC
Higher overall scoreMean of the five percentile scores vs peers 56/100 45/100 AQN

Percentile Scorecard

AQNWEC

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

AxisAQNWEC
Valuation 72 #11 of 37 25 #28 of 37
Growth 68 #12 of 35 35 #23 of 35
Profitability 59 #15 of 35 68 #12 of 35
Financial Health 46 #20 of 36 40 #22 of 36
Shareholder Returns 33 #25 of 37 58 #16 of 37
Overall 56 45
  • AQN ranked among 37 companies in Regulated Utilities
  • WEC ranked among 37 companies in Regulated Utilities

Price Performance

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

Returns

PeriodAQNWECSPY
1 month +7.4%+9.6% -0.8%
3 months -11.0%-2.4% +3.5%
6 months -14.9%-3.5% +7.0%
Year to date -12.8%+5.4% +12.2%
1 year -6.9%-4.0% +13.0%
3 years +6.6%+36.0% +86.3%
3 years, per year +2.1%+10.8% +23.1%
5 years -62.8%+23.5% +68.6%
5 years, per year -18.0%+4.3% +11.0%
10 years -39.0%+88.9% +258.0%
10 years, per year -4.8%+6.6% +13.6%

Risk

MeasureAQNWECSPY
Volatility, 1Y 25.7%16.5% 12.7%
Downside volatility, 1Y 28.4%15.9% 12.7%
Beta vs S&P 500, 1Y 0.23-0.14 1.00
Return / volatility, 1Y -0.27-0.25 1.02
Max drawdown, 5Y -73.3%-29.4% -25.4%
From 52-week high -23.2%-6.5% -1.8%
52-week high $6.98$118.85 $779.14
52-week low $4.99$100.79 $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.

MultipleAQNWEC
P/E now vs peer median 29.6xmedian 21.0x 21.4xmedian 21.0x
P/S now vs peer median 3.4xmedian 3.0x 3.6xmedian 3.0x
EV/EBITDA now vs peer median 11.4xmedian 12.8x 15.3xmedian 12.8x
P/FCF now vs peer median 25.8xmedian 31.2x -37.3xmedian 31.2x
P/B now vs peer median 0.8xmedian 1.9x 2.6xmedian 1.9x
PEG now vs peer median 0.84median 2.27 3.39median 2.27

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 monthsAQNWEC
Revenue $1.21B $10.14B
Gross profit -$435.80M $6.66B
Operating income $525.40M $2.32B
Net income $167.50M $1.69B
Free cash flow $159.40M -$970.20M
EPS (diluted) $0.18 $5.14
Cash & equivalents $55.00M $50.00M
Total debt $6.64B $22.56B
Shares (diluted) 772.41M 328.90M
Enterprise value $4.28B $36.45B

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
MetricAQNWEC
P/E 29.6x 21.4x
P/FCF 25.8x -37.3x
P/Operating cash flow 4.0x 10.1x
P/S 3.4x 3.6x
P/B 0.8x 2.6x
P/Tangible book 0.8x 2.6x
EV/EBITDA 11.4x 15.3x
EV/EBIT 20.4x 25.4x
EV/Revenue 8.9x 5.8x
EV/FCF 67.1x -60.5x
EV/Operating cash flow 10.4x 16.4x
PEG (3Y EPS CAGR) 0.84 3.39

Growth

14 metrics
MetricAQNWEC
Revenue growth (1Y) 5.7% 8.9%
Revenue CAGR (3Y) -5.3% 3.0%
Gross profit growth (1Y) 5.7% 5.5%
Gross profit CAGR (3Y) 6.1% 7.3%
Operating income growth (1Y) 14.0% -0.1%
Operating income CAGR (3Y) -5.8% 7.2%
Net income growth (1Y) 112.7% 2.0%
Net income CAGR (3Y) 52.3% 7.8%
EPS growth (1Y) 153.3% -0.4%
EPS CAGR (3Y) 35.1% 6.3%
Operating cash flow growth (1Y) 6.7% 7.4%
Operating cash flow CAGR (3Y) 11.6% 20.3%
Free cash flow growth (1Y) -45.1% -284.1%
Free cash flow CAGR (3Y) 28.6% -9.0%

Profitability

14 metrics
MetricAQNWEC
Gross margin -36.1% 65.7%
EBITDA margin 77.8% 37.8%
Operating margin 43.6% 22.8%
Pretax margin 16.2% 17.9%
Net margin 11.5% 16.7%
FCF margin 13.2% -9.6%
Operating cash flow margin 85.2% 35.3%
Return on equity 1.5% 11.8%
Return on assets – 3.2%
Return on invested capital 3.4% 5.9%
Return on capital employed – 4.9%
Asset turnover – 0.2x
Cash conversion (OCF / net income) 6.1x 2.1x
Stock comp / revenue 1.0% –

Financial Health

11 metrics
MetricAQNWEC
Debt / assets 47.7% 42.8%
Debt / equity 1.3x 1.6x
Net debt / EBITDA 7.0x 5.9x
Debt / FCF 41.6x -23.3x
Liabilities / assets 64.3% 73.2%
Equity / assets 35.7% 26.8%
Interest coverage 1.9x 2.5x
Current ratio 0.9x 0.5x
Quick ratio 0.4x 0.3x
Cash ratio 0.1x 0.0x
Altman Z-score 0.18 1.08

Shareholder Returns

7 metrics
MetricAQNWEC
Dividend yield 5.2% 3.4%
Net buyback yield -0.2% -1.1%
Shareholder yield 5.0% 2.3%
Payout ratio (earnings) 180.2% 70.8%
Payout ratio (FCF) 189.3% -123.6%
Dividend growth (1Y) -30.8% 9.3%
Dividend CAGR (3Y) -17.9% 8.0%

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.

ConsensusAQNWEC
Forward P/E 15.8xFY2026 20.7xFY2026
EPS, next fiscal year $0.34FY2026 $5.36FY2026
EPS growth, next FY 0.0%FY2026 +1.7%FY2026
EPS growth, the year after +17.6% +17.7%
Revenue, next fiscal year $2.45BFY2026 $9.88BFY2026
Revenue growth, next FY +0.9%FY2026 +0.8%FY2026
Revenue growth, the year after +14.7% +3.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAQNWEC
Held by institutions 68.7% 85.3%
Institutions holding 241 1,394
Change in shares held, QoQ +2.1% +1.1%
Institutions buying 129 704
Institutions selling 67 401
Buyers to sellers 1.93 1.76

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.

AQNWEC
AQN 1.00 0.37
WEC 0.37 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AQN and WEC?

Wec Energy (WEC) is the largest by market capitalisation: Algonquin Power & Utilities (AQN) $4.12B, Wec Energy (WEC) $36.21B.

Which stock is cheaper, AQN and WEC?

Wec Energy (WEC) trades on the lowest price-to-earnings ratio (Algonquin Power & Utilities (AQN) 29.6x, Wec Energy (WEC) 21.4x). On next year's consensus earnings, Algonquin Power & Utilities (AQN) is cheapest (Algonquin Power & Utilities (AQN) 15.8x, Wec Energy (WEC) 20.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Wec Energy (WEC) grew revenue fastest over the trailing twelve months: Algonquin Power & Utilities (AQN) +5.7%, Wec Energy (WEC) +8.9%.

Which company is more profitable?

Wec Energy (WEC) has the highest net margin (Algonquin Power & Utilities (AQN) 11.5%, Wec Energy (WEC) 16.7%). On return on invested capital, Wec Energy (WEC) leads (Algonquin Power & Utilities (AQN) 3.4%, Wec Energy (WEC) 5.9%).

Which stock has performed better?

Over the past year Wec Energy (WEC) returned the most: Algonquin Power & Utilities (AQN) -6.9%, Wec Energy (WEC) -4.0%. Over five years, Wec Energy (WEC) compounded fastest (Algonquin Power & Utilities (AQN) -18.0%/yr, Wec Energy (WEC) +4.3%/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) 5.22%, Wec Energy (WEC) 3.37%.

Which stock is riskier?

By one-year price volatility, Wec Energy (WEC) has been the steadiest (Algonquin Power & Utilities (AQN) 25.7%, Wec Energy (WEC) 16.5%). Volatility measures how widely the price swings, not the risk of the business.

Do AQN and WEC move together?

Their daily returns over the past year have a correlation of 0.37, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, AQN and WEC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Wec Energy (WEC) leads on 9. 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.