Alliant Energy (LNT)
Utilities · $16.8B market cap · SEC CIK 0000352541
fundamentals score out of 100
Next reports on Nov 4, 2026, after the close, with analysts expecting $1.24 in earnings per share.
The case for LNT
- Pays a 3.6% dividend while you wait.
- Moves less than the market (beta 0.53).
The case against
- Long-term debt of $11.0B would take 9 years of operating cash flow to repay.
- Near the bottom of its 52-week range, 18% below the high. Falling prices usually have a reason; find it first.
- Current liabilities exceed current assets (ratio 0.47).
- Growth is weak (33/100): revenue +7.5%, EPS -2.5%, +5.1% a year over five years.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Utilities companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 64 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 33 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 72 |
| Momentumhow the price has behaved lately | 28 |
| Stabilityhow violently it moves, what it owes and what it pays you | 46 |
- Each factor except momentum is half fixed thresholds, half rank among the 31 Utilities companies.
Key numbers
| Price / earnings | 20.6× |
|---|---|
| Price / book | 2.62× |
| Price / sales | 3.9× |
| Revenue growth (YoY) | +7.5% |
| EPS growth (YoY) | -2.5% |
| Gross margin | 39% |
| Operating margin | 23% |
| Net margin | 19% |
| Return on equity | 11% |
| Debt / equity | 1.61× |
| Current ratio | 0.47 |
| Dividend yield | 3.64% |
| Beta | 0.53 |
| 52-week range | $63.50 – $78.81 |
| Position in that range | 7% of the way up |
| 3-month return | -11.0% |
| 1-year return | +1.2% |
Five years of financials, as filed
Pulled from Alliant Energy's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.0B | $4.0B | $4.2B | $3.7B |
| Operating income | $1.0B | $886M | $943M | $928M | $795M |
| Net income | $810M | $690M | $703M | $686M | $674M |
| Operating cash flow | $1.2B | $1.2B | $867M | $486M | $582M |
| Capital expenditure | — | — | — | $1.5B | $1.2B |
| Total assets | $25.0B | $22.7B | $21.2B | $20.2B | $18.6B |
| Shareholder equity | $7.3B | $7.0B | $6.8B | $6.3B | $6.0B |
| Cash | $556M | $81.0M | $62.0M | $20.0M | $39.0M |
| Long-term debt | $11.0B | $8.7B | $8.2B | $7.7B | $6.7B |
| Free cash flow | — | — | — | -$998M | -$587M |
| Operating margin | 23.5% | 22.3% | 23.4% | 22.1% | 21.7% |
| Net margin | 18.6% | 17.3% | 17.5% | 16.3% | 18.4% |
| Diluted shares | 258M | 257M | 253M | 251M | 251M |
Share count is essentially flat over 4 years.
What Alliant Energy says it does
A. GENERAL Alliant Energy maintains its principal executive offices in Madison, Wisconsin. Alliant Energy operates as a regulated investor-owned public utility holding company, and its purpose-driven strategy is to serve its customers and build stronger communities. Alliant Energy’s primary focus is to provide regulated electric and natural gas service to approximately 1,010,000 electric and approximately 435,000 natural gas customers in the Midwest through its two public utility subsidiaries, IPL and WPL. The primary first tier wholly-owned subsidiaries of Alliant Energy are as follows: 1) IPL - is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Iowa. IPL provides utility services to incorporated communities as directed by the IUC and utilizes non-exclusive franchises, which cover the use of public…
Risk factors LNT lists in its 10-K
- Talent Development and Workforce Readiness
- Public Utility Holding Company Act of 2005 -
- Electric Generating Unit Upgrades and Electric Distribution Projects -
- Department of Homeland Security Transportation Security Administration
- Electric Demand Planning Reserve Margin -