— Know what they know.
/
Not Investment Advice

LNT

NASDAQ · USD
Alliant Energy Corporation
Utilities · Regulated Electric
CEO Lisa Barton Employees 1,700 R&D / revenue 0.0%
Last price
$68.32+1.82%last session
Market cap
$17.7B
P/E (TTM)
21.6x
From 52w high
−13.3%
From 52w low
+9.2%
1-year return
+1.8%
RSI 14 · vs SMA200
64.0 · −2.7%
IS score
36.5/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

LNT   SPY   XLU (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116LNT 102XLU 92

Score DNA

Each bar is a 0-100 score within the scored universe
51
Profitability
43
Growth
52
Value
73
Momentum
15
Risk (safety)
64
Quality
26
Balance sheet
88
Earnings quality

Flags

Strengths
None of the computed strength flags fires.
Warnings
▲ Altman distress zone▲ Negative free cash flow▲ Share count rising
Observations
Moat model: None, Cost AdvantagePiotroski 5 / 9Altman Z 1.2Beta 0.532 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
1 open-market sales, $7
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+27
98 new holders, 66 closed
887 filers hold 98.9% · 366 added, 252 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+274
802 funds adding shares
528 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
49.3%
20-day avg 47.3%, 50-day avg 46.2%
Latest 2.0 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$4.4B
Revenue growth YoY+9.6%
Gross margin40.1%
Operating income$1.0B
Operating margin23.5%
Net income$810.0M
Net margin18.6%
EPS (diluted)$3.14
Cash flow
Operating cash flow$1.2B
Capital expenditure$2.5B
Free cash flow−$1.3B
FCF conversion (FCF / OCF)-112.4%
Stock-based compensation$0
FCF less SBC−$1.3B
Buybacks$0
Dividends$521.0M
Balance sheet & returns
Cash & short-term investments$556.0M
Total debt$12.1B
Net debt$11.6B
Shareholders' equity$7.3B
Goodwill & intangibles$0
Debt / equity1.61
ROE (TTM)11.0%
ROIC (TTM)4.0%
Operating margin by fiscal year
21.7%FY202122.1%FY202223.4%FY202322.3%FY202423.5%FY2025
Revenue $3.7B (FY2021) to $4.4B (FY2025), a 4.4% CAGR.

Valuation

P/E (TTM)21.6x
EV / EBITDA14.4x
Price / sales4.00x
Price / FCFn/m
FCF yield-1.47%
Buyback yield0.00%
SBC / revenue0.0%
Price / book2.35x
Forward P/E FY202619.9x
Forward P/E FY202718.6x
Forward P/E FY202816.9x
Forward multiples divide today's price by Street EPS estimates. Street mean target $74.67 across 6 analysts last quarter is theirs, not ours.

LNT vs industry median

139 companies in Regulated Electric
Gross margin 42.0% 39.0% Operating margin 22.1% 19.1% Net margin 18.4% 13.0% ROIC 4.0% 5.7%
LNT (TTM)Industry median Asset turnover 0.17 vs industry 0.24 · financial leverage 3.36

Earnings delivery

Next report 2026-10-29 · consensus EPS $1.27
67%
beat rate, 8 of 12 quarters
+3.1%
median EPS surprise
4
longest beat streak
+12+10-13+0-11+5+3+21+6-5+2+3
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-08-03 to 2026-04-30. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
LNT Alliant Energy Corporation $17.7B21.6x11.0%18.4%+9.6% +1.8%
EVRG Evergy, Inc. $19.2B20.7x9.2%14.3%+4.1% +8.5%
EIX Edison International $21.5B5.7x22.4%12.3%+10.7% −1.4%
CMS CMS Energy Corporation $21.5B20.3x11.3%6.6%+9.9% −7.4%
DTY DTE Energy Company $22.7B3.5x12.2%8.8%+25.4% —
PNW Pinnacle West Capital Corpor $12.5B19.4x9.3%12.3%+5.7% +12.4%
ES Eversource Energy $25.2B17.3x9.1%1.8%+7.8% —
PPL PPL Corporation $26.5B27.6x8.6%10.9%+6.7% —
12-month window: SPY +15.9%, sector ETF XLU −8.1%. Past returns describe history only.

Recent 8-K filings

2026-08-21Other Events; Exhibits
2026-07-31Earnings Release; Exhibits
2026-05-21Shareholder Vote
2026-05-01Earnings Release; Exhibits
2026-03-04Entry into Material Definitive Agreement; Creation of Direct Financial Obligation; Financial Statements and Exhibits
2026-02-20Results of Operations and Financial Condition; Financial Statements and Exhibits

Context

Shares outstanding259,284,699
Free float99.7%
Institutional ownership98.9%
Beta0.53
Dividend yield3.09%
Last dividend$0.54 on 2026-07-31
50 / 200-day average$67.03 / $70.33
Large-cap Utilities median P/E20.7x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where LNT sits among 45 scored companies in Regulated Electric (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureLNTIndustry medianIndustry percentileSector median
P/E (TTM) 21.7x 19.6x
75th		 20.7x
PEG (P/E ÷ 3-yr EPS CAGR) 3.45 1.94
68th		 2.20
Price / sales 4.0x 2.4x
95th		 2.4x
Price / book 2.4x 1.8x
86th		 1.9x
Price / tangible book 2.6x 2.0x
82nd		 2.1x
Price / free cash flow —
Price / operating cash flow 15.3x 9.1x
93rd		 9.2x
Enterprise value $29.8B $51.2B
32nd		 $25.7B
EV / sales 6.7x 3.9x
98th		 4.5x
EV / EBITDA 14.4x 11.6x
93rd		 11.9x
EV / EBIT 24.8x 19.5x
98th		 19.6x
EV / free cash flow —
Earnings yield 4.6% 5.1%
25th		 4.8%
FCF yield -1.5% -1.8%
52nd		 -4.2%
Operating cash flow yield 6.5% 10.7%
9th		 10.3%
Graham number (per share) $45.09 $56.02
25th		 $48.77

Profitability (TTM)

MeasureLNTIndustry medianIndustry percentileSector median
Gross margin 42.0% 43.4%
41st		 43.4%
EBITDA margin 46.7% 40.2%
77th		 38.7%
Operating margin 22.1% 22.2%
48th		 20.9%
EBIT margin 27.1% 23.8%
80th		 23.2%
Net margin 18.4% 13.5%
89th		 12.4%
NOPAT margin 28.0% 19.3%
98th		 18.1%
FCF margin -5.9% -5.6%
48th		 -7.6%
Operating cash flow margin 26.1% 29.1%
36th		 28.3%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 0.0% 3.8%
0th		 4.2%
Stock comp / revenue 0.0% 0.0%
0th		 0.0%
Effective tax rate -26.5% 13.7%
0th		 18.4%

Returns on capital

MeasureLNTIndustry medianIndustry percentileSector median
ROE (on average equity) 11.1% 10.5%
59th		 9.5%
ROA 3.3% 2.7%
80th		 2.6%
ROIC 6.3% 5.5%
77th		 5.5%
ROCE 5.3% 5.3%
48th		 5.1%
Return on tangible assets 4.9% 4.9%
48th		 4.7%
Cash ROIC (OCF / invested capital) 5.9% 8.6%
7th		 8.0%
Gross profitability (GP / assets) 7.4% 9.1%
25th		 8.6%
ROIC, 3-yr average 5.9% 4.4%
89th		 4.2%
ROIC, 5-yr average 5.1% 4.3%
79th		 4.2%
ROE, 5-yr average 10.7% 10.7%
49th		 9.1%
Incremental ROIC 15.6% 21.9%
32nd		 20.6%

Growth

MeasureLNTIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 6.8% 8.0%
36th		 7.2%
Revenue growth (QoQ) -18.0% -16.9%
41st		 -16.9%
Revenue CAGR, 3 yr 1.9% 2.8%
30th		 3.0%
Revenue CAGR, 5 yr 5.1% 5.6%
36th		 6.3%
Gross profit CAGR, 3 yr 3.2% 8.0%
32nd		 7.9%
Operating income CAGR, 3 yr 2.6% 10.5%
23rd		 9.4%
Net income growth (TTM YoY) -1.8% 8.5%
24th		 8.6%
Net income CAGR, 3 yr 7.5% 9.5%
41st		 8.8%
EPS growth (TTM YoY) -3.2% 2.3%
29th		 4.2%
EPS CAGR, 3 yr 6.3% 6.6%
45th		 6.6%
EPS CAGR, 5 yr 4.3% 4.1%
55th		 4.0%
FCF growth (TTM YoY) —
FCF CAGR, 3 yr —
Operating cash flow CAGR, 3 yr 32.6% 17.7%
91st		 12.7%
Book value CAGR, 3 yr 4.1% 4.8%
36th		 4.7%
Dividend CAGR, 3 yr 0.6% 0.3%
58th		 0.3%
Sustainable growth rate 3.9% 3.8%
52nd		 3.7%

Margin history & stability

MeasureLNTIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 42.3% 44.0%
45th		 42.6%
Operating margin, 3-yr average 22.7% 21.9%
68th		 20.0%
Net margin, 3-yr average 18.1% 13.0%
93rd		 12.5%
FCF margin, 3-yr average -19.4% -4.3%
9th		 -7.9%
Revenue stability (0-1) 0.79 0.75
61st		 0.75
Earnings stability (0-1) 0.54 0.43
57th		 0.51
Margin stability (0-1) 0.97 0.83
100th		 0.84

Liquidity (latest quarter)

MeasureLNTIndustry medianIndustry percentileSector median
Cash & short-term investments $25.0M $241.0M
16th		 $215.5M
Net cash (− = net debt) −$12.1B −$24.6B
73rd		 −$12.1B
Working capital −$1.4B −$794.4M
36th		 −$284.5M
Current ratio 0.47 0.80
5th		 0.82
Quick ratio 0.35 0.66
5th		 0.69
Cash ratio (cash + ST investments / current liabilities) 0.01 0.07
14th		 0.08
Defensive interval (days) 184 days 286 days
24th		 314 days

Leverage & solvency (latest quarter)

MeasureLNTIndustry medianIndustry percentileSector median
Total debt $12.1B $25.1B
27th		 $12.5B
Debt / equity 1.61 1.68
34th		 1.61
Net debt / equity 1.61 1.67
36th		 1.60
Debt / assets 47.9% 44.6%
89th		 43.4%
Debt / capital 61.7% 62.7%
34th		 61.8%
Debt / EBITDA 5.86 5.59
59th		 5.59
Net debt / EBITDA 5.84 5.54
64th		 5.53
Interest coverage (EBIT / interest) 2.2x 2.4x
25th		 2.4x
Cash interest coverage 2.1x 3.1x
14th		 3.0x
Debt payback (years of OCF) 10.5 yrs 7.5 yrs
95th		 7.5 yrs
Liabilities / assets 70.3% 73.0%
25th		 70.8%
IS credit model rating B- — —
Implied credit spread (bps) 900 750
75th		 750

Efficiency

MeasureLNTIndustry medianIndustry percentileSector median
Asset turnover 0.18 0.21
23rd		 0.20
Fixed asset turnover 0.21 0.27
7th		 0.27
Inventory turnover 8.9 6.7
59th		 8.7
Receivables turnover 9.9 8.7
68th		 8.4
Days sales outstanding 37 days 41 days
33rd		 43 days
Days inventory outstanding 41 days 54 days
42nd		 42 days
Days payables outstanding 80 days 77 days
56th		 75 days
Cash conversion cycle (days) −2 days 15 days
28th		 14 days
Capex / revenue 32.0% 33.3%
43rd		 35.1%
Capex / depreciation 1.63 2.35
38th		 2.40
Operating expense ratio 26.1% 30.3%
41st		 30.7%

Cash flow & earnings quality

MeasureLNTIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.42 2.19
11th		 2.20
FCF / net income −0.32 −0.32
50th		 −0.74
FCF / operating cash flow -22.5% -20.3%
49th		 -33.3%
Capex / operating cash flow 122.5% 120.3%
51st		 133.3%
Accruals ratio -1.4% -3.3%
86th		 -3.2%
Sloan accruals ratio -4.6% -3.7%
30th		 -3.7%
Earnings quality score (0-1) 1.00 1.00
16th		 1.00

Dividends & buybacks

MeasureLNTIndustry medianIndustry percentileSector median
Dividend yield 3.1% 3.3%
30th		 3.3%
Dividend per share (TTM) $2.11 $2.56
32nd		 $1.87
Payout ratio (dividends / net income) 65.4% 65.4%
50th		 63.9%
Dividends / FCF —
Dividend growth (YoY) 3.9% 3.9%
48th		 3.9%
Buyback yield 0.0% 0.0%
0th		 0.0%
Shareholder yield (dividends + buybacks) 3.0% 3.3%
39th		 3.3%
Share count change (YoY) 1.4% 2.2%
39th		 2.5%
Buybacks, last 5 years $0 $0
0th		 $0

Scores & forensic checks

MeasureLNTIndustry medianIndustry percentileSector median
IS score 37 42
25th		 40
IS profitability 51 50
52nd		 44
IS growth 43 49
20th		 50
IS value 52 58
9th		 56
IS momentum 73 77
27th		 78
IS risk (safety) 15 15
0th		 15
IS quality 64 66
39th		 64
IS balance sheet 26 25
55th		 28
IS earnings quality 88 79
100th		 79
IS cash flow 35 35
18th		 35
Piotroski F-score (0-9) 5 6
14th		 6
Altman Z-score 1.2 0.8
82nd		 0.9
Beneish M-score −2.92 −2.60
7th		 −2.64
Ohlson O-score −6.78 −7.06
80th		 −7.04
IS credit score 22 27
9th		 29

Per share

MeasureLNTIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $3.13 $3.90
30th		 $3.13
Book value per share $28.86 $34.68
23rd		 $32.52
Tangible book per share $29.13 $34.58
25th		 $32.45
Revenue per share $16.98 $27.50
14th		 $24.86
FCF per share −$1.00 −$1.01
52nd		 −$1.64
Operating cash flow per share $4.44 $8.38
16th		 $7.00
Cash per share $0.10 $0.80
11th		 $0.83

Size (TTM)

MeasureLNTIndustry medianIndustry percentileSector median
Market cap $17.7B $21.5B
39th		 $8.5B
Revenue $4.4B $12.5B
23rd		 $5.4B
EBITDA $2.1B $4.3B
23rd		 $2.7B
Net income $817.0M $1.3B
25th		 $559.7M
Free cash flow −$260.0M −$189.0M
45th		 −$190.6M
Total assets $25.3B $56.2B
23rd		 $34.0B
Shareholders' equity $7.5B $12.5B
25th		 $5.1B
Employees 2,948 9,950
20th		 5,870

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-09Allen Patrick E
Director
 Award / grant 569——47,271
2026-10-09Asthana Manu
Director
 Award / grant 1,158——2,164
2026-10-09Cortina Ignacio A
Director
 Award / grant 823——11,848
2026-10-09Cox Stephanie
Director
 Award / grant 607——18,651
2026-10-09Falotico Nancy Joy
Director
 Award / grant 864——21,543
2026-10-09Garcia Michael Dennis
Director
 Award / grant 926——27,924
2026-10-09Newport Roger K
Director
 Award / grant 878——33,544
2026-10-09Raymond Christie
Director
 Award / grant 1,158——10,880
2026-08-10Durian Robert J
EVP and CFO
 Open-market sale 0$68.60$7158,146
2026-07-10Garcia Michael Dennis
Director
 Award / grant 838——26,794
2026-07-10Newport Roger K
Director
 Award / grant 736——32,420
2026-07-10Raymond Christie
Director
 Award / grant 998——9,648

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
AprJulAugOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1612,950—
Open-market saleDisposed10$7
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
None on file.
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 1 trades (0 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2025-08-13Lisa McClainHouseSale$1,001 - $15,0002025-09-15
2025-08-12Lisa C. McClainHouseSale (Full)$1,001 - $15,0002025-09-15
2025-08-04Lisa McClainHousePurchase$1,001 - $15,0002025-09-15
2015-12-17David PerdueSenateSale (Partial)$15,001 - $50,0002016-08-11
2015-12-01David PerdueSenateSale (Partial)$50,001 - $100,0002016-08-11
2015-08-17David PerdueSenateSale (Partial)$100,001 - $250,0002016-08-12
2015-08-17David PerdueSenateSale (Partial)$100,001 - $250,0002016-08-11
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.24,986,672$1.9B9.64%
STATE STREET CORP17,571,998$1.3B6.78%
VANGUARD CAPITAL MANAGEMENT LLC16,861,714$1.3B6.50%
VANGUARD PORTFOLIO MANAGEMENT LLC14,386,177$1.1B5.55%
PRICE T ROWE ASSOCIATES INC /MD/11,515,298$878.5M4.44%
Jupiter Topco LLC10,977,426$837.5M4.23%
GEODE CAPITAL MANAGEMENT, LLC7,407,445$563.0M2.86%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/6,936,512$533.8M2.68%
VICTORY CAPITAL MANAGEMENT INC6,442,409$491.5M2.48%
BANK OF AMERICA CORP /DE/5,582,621$425.9M2.15%
Nuveen, LLC5,407,363$412.5M2.09%
FMR LLC5,043,741$384.8M1.95%
Invesco Ltd.4,912,484$374.8M1.89%
FRANKLIN RESOURCES INC3,880,958$296.1M1.50%
DEUTSCHE BANK AG\3,383,604$258.1M1.30%

Institutional ownership by quarter

2023-092026-0698.9%
% of shares held by 13F filers
2023-092026-06887
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-3088798.9%9836625266
2026-03-3186092.5%10731026867
2025-12-3184089.4%11431224359
2025-09-3079486.2%9028324062
2025-06-3077782.5%10130322295
2025-03-3177780.8%12128523250
2024-12-3171982.6%11026121456
2024-09-3068079.8%9125421363
2024-06-3065979.2%7824422245
2024-03-3163278.8%6723623284
2023-12-3165678.9%9822523447
2023-09-3061777.5%5222822559

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-29SCHEDULE 13GVanguard Capital Management7.5%19,403,442
2026-04-28SCHEDULE 13GVanguard Portfolio Management5.7%14,626,154
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.02%$520.1M
VTI0.02%$520.1M
VTSAX0.02%$520.1M
VSMPX0.02%$520.1M
VFINX0.02%$431.1M
VOO0.02%$431.1M

Share structure

Shares outstanding259,284,699
Float258,439,431
Free float99.7%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$3.7B$4.2B$4.0B$4.0B$4.4B
Cost of revenue$2.1B$2.5B$2.3B$2.2B$2.6B
Gross profit$1.6B$1.7B$1.7B$1.8B$1.7B
R&D$0$0$0$0$0
SG&A$0$27.0M$26.0M$0$0
Operating income$795.0M$928.0M$943.0M$886.0M$1.0B
EBITDA$1.5B$1.7B$1.8B$1.8B$2.0B
Pretax income$600.0M$708.0M$707.0M$576.0M$661.0M
Income tax−$74.0M$22.0M$4.0M−$114.0M−$149.0M
Net income$674.0M$686.0M$703.0M$690.0M$810.0M
EPS, diluted$2.63$2.73$2.78$2.69$3.14
Diluted shares250.7M251.2M253.3M256.8M257.8M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$39.0M$20.0M$62.0M$81.0M$556.0M
Receivables$226.0M$331.0M$259.0M$264.0M$476.0M
Inventory$246.0M$325.0M$343.0M$295.0M$288.0M
Total current assets$1.1B$1.2B$1.3B$1.2B$1.7B
PP&E, net$15.0B$16.2B$17.2B$18.7B$20.3B
Goodwill & intangibles$0$0$0$0$0
Total assets$18.6B$20.2B$21.2B$22.7B$25.8B
Accounts payable$436.0M$756.0M$611.0M$532.0M$498.0M
Total current liabilities$2.1B$2.4B$2.3B$2.7B$2.1B
Long-term debt$6.7B$7.7B$8.2B$8.7B$11.0B
Total liabilities$12.6B$13.9B$14.5B$15.7B$18.5B
Shareholders' equity$6.0B$6.3B$6.8B$7.0B$7.3B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$674.0M$686.0M$703.0M$690.0M$810.0M
Depreciation & amortization$657.0M$671.0M$676.0M$792.0M$846.0M
Stock-based compensation$0$0$0$0$0
Change in working capital−$881.0M−$870.0M−$571.0M−$475.0M$1.2B
Operating cash flow$582.0M$486.0M$867.0M$1.2B$1.2B
Capital expenditure−$1.2B−$1.5B−$1.9B−$2.2B−$2.5B
Free cash flow−$587.0M−$998.0M−$987.0M−$1.1B−$1.3B
Investing cash flow−$728.0M−$904.0M−$1.4B−$1.5B−$1.9B
Net debt issued / repaid$718.0M$832.0M$780.0M$887.0M$1.7B
Buybacks−$200.0M$0$0$0$0
Dividends paid−$403.0M−$428.0M−$456.0M−$492.0M−$521.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin42.4%40.7%43.1%44.7%40.1%
Operating margin21.7%22.1%23.4%22.3%23.5%
Net margin18.4%16.3%17.5%17.3%18.6%
FCF margin-16.0%-23.7%-24.5%-27.2%-30.1%
ROE11.5%11.2%10.8%10.0%11.3%
ROIC6.5%6.0%5.8%6.1%6.6%
ROA3.7%3.5%3.4%3.1%3.3%
Debt / equity1.321.391.401.491.68
Interest coverage3.1x3.1x2.7x2.3x2.3x
Current ratio0.520.530.550.440.80
Revenue growth+7.4%+14.6%−4.2%−1.1%+9.6%
EPS growth+7.7%+1.5%+0.8%−2.3%+16.7%
P/E at year end20.0x18.3x17.4x21.3x20.8x
EV / EBITDA at year end13.9x12.3x12.0x13.9x14.2x
FCF yield at year end-4.35%-7.97%-8.05%-7.35%-7.81%
Dividend payout59.8%62.5%64.9%71.3%64.3%

Revenue by segment

FY2021FY2023FY2024FY2025
Electric$3.1B$3.3B$3.4B$3.7B
Gas$456.0M$540.0M$465.0M$525.0M
Other Segments$83.0M$90.0M——
Other Utility$49.0M$52.0M$54.0M$51.0M

Street estimates by fiscal year

Next report 2026-10-29 · consensus EPS $1.27 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$4.4B$4.3B – $4.5B$3.43$3.40 – $3.45719.9x
2027$4.6B$4.4B – $4.9B$3.68$3.60 – $3.75818.6x
2028$4.9B$4.6B – $5.1B$4.03$3.98 – $4.12516.9x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-04-30$0.79$0.82+3.4%$1.1B$1.2B+10.1%
2026-02-19$0.59$0.60+2.4%$706.2M$1.1B+50.7%
2025-11-06$1.18$1.12−5.1%$1.3B$1.2B−6.1%
2025-08-07$0.64$0.68+5.9%$887.2M$961.0M+8.3%
2025-05-08$0.69$0.83+21.0%$985.5M$1.1B+14.5%
2025-02-20$0.68$0.70+2.8%$870.1M$976.0M+12.2%
2024-10-31$1.10$1.15+4.5%$1.1B$1.1B−1.1%
2024-08-01$0.64$0.57−10.7%$897.0M$894.0M−0.3%
2024-05-02$0.62$0.620.0%$1.0B$1.0B+1.7%
2024-02-15$0.55$0.48−12.7%$1.1B$961.0M−14.4%
2023-11-02$0.93$1.02+9.7%$1.1B$1.1B+2.2%
2023-08-03$0.57$0.64+12.3%$1.1B$912.0M−13.5%
2023-05-04$0.73$0.65−11.0%$1.0B$1.1B+2.6%
2023-02-23$0.47$0.43−8.5%$738.3M$1.1B+43.3%
2022-11-07$1.01$0.93−7.9%$1.1B$1.1B+0.4%
2022-08-04$0.58$0.63+8.6%$856.7M$943.0M+10.1%
2022-04-28$0.72$0.77+6.9%$951.8M$1.1B+12.2%
2022-02-17$0.36$0.35−2.8%$577.4M$927.0M+60.6%
2021-11-04$0.96$1.02+6.3%$895.4M$1.0B+14.4%
2021-08-05$0.56$0.57+1.8%$779.6M$817.0M+4.8%
2021-05-06$0.68$0.680.0%$946.4M$901.0M−4.8%
2021-02-18$0.23$0.24+4.3%$1.1B$817.0M−26.8%
2020-11-02$0.88$0.94+6.8%$861.3M$920.0M+6.8%
2020-08-06$0.46$0.54+17.4%$650.0M$763.1M+17.4%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.106-150.206-220.206-290.207-060.207-130.207-200.307-270.208-030.308-100.208-170.108-240.208-31
Week ofNotionalSharesTrades
2026-08-31$216.3M3,182,42468,729
2026-08-24$115.9M1,695,82646,749
2026-08-17$161.1M2,307,18158,915
2026-08-10$281.8M4,055,14870,266
2026-08-03$219.7M3,129,93665,756
2026-07-27$280.3M3,882,78475,252

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1549.3%
DateShort shareShort volumeTotal volume
2026-10-1549.3%443,058898,812
2026-10-1447.9%331,969693,313
2026-10-1349.6%328,607662,590
2026-10-1241.1%384,423936,333
2026-10-0950.7%436,614860,799
2026-10-0848.9%330,873677,277
2026-10-0746.1%297,879645,942
2026-10-0648.9%397,064811,399
2026-10-0548.3%409,369848,110
2026-10-0243.1%614,8861,428,045
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.8Jan-0.1Feb+3.2Mar+1.3Apr+0.9May-0.6Jun+2.8Jul+0.0Aug-1.3Sep+2.6Oct+2.2Nov+0.4Dec
MonthAvg returnUp yearsYears
Jan+0.8%55%20
Feb−0.1%50%20
Mar+3.2%76%21
Apr+1.3%70%20
May+0.9%60%20
Jun−0.6%45%20
Jul+2.8%75%20
Aug+0.0%60%20
Sep−1.3%45%20
Oct+2.6%75%20
Nov+2.2%65%20
Dec+0.4%35%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1464.0
MFI74.6
ADX24.8
Stochastic %K / %D91.2 / 93.4
Williams %R-2.0
CCI165
TSI / signal3.3 / -16.5
Chaikin money flow0.06
ATR$1.12
Bollinger width9.2%
Volume vs 20-day avg0.86x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$65.09 (+5.0%)
SMA 50$67.01 (+2.0%)
SMA 200$70.24 (−2.7%)
EMA 21$66.10 (+3.4%)
EMA 50$67.24 (+1.6%)
EMA 200$68.95 (−0.9%)
Bollinger upper$68.08 (+0.4%)
Bollinger lower$62.10 (+10.0%)
Parabolic SAR$65.46 (+4.4%)
Open the live chart, 110+ indicators

About Alliant Energy Corporation

Alliant Energy Corporation functions as a utility holding company, specializing in the provision of regulated electricity and natural gas services. Its operational structure is divided into three principal segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. Through its primary subsidiary, Interstate Power and Light Company (IPL), the corporation generates and distributes electricity, and manages the distribution and transportation of natural gas to retail customers throughout Iowa. IPL also markets electricity to wholesale buyers across Minnesota, Illinois, and Iowa, and generates and supplies steam in Cedar Rapids, Iowa. Similarly, its other subsidiary, Wisconsin Power and Light Company (WPL), is responsible for electricity generation and distribution, alongside natural gas distribution and transport, for retail clients within Wisconsin. WPL additionally sells wholesale electricity in Wisconsin. As of December 31, 2021, IPL catered to approximately 500,000 retail electric customers and 225,000 natural gas customers, while WPL provided services to about 485,000 retail electric accounts and 200,000 natural gas accounts. The company's diverse retail customer base includes businesses in farming, agriculture, industrial manufacturing, chemical production, packaging, and food processing. In addition to its core utility functions, Alliant Energy owns and operates a short-line rail freight service, a multi-modal freight terminal (encompassing barge, rail, and truck operations) on the Mississippi River, and a rail-served warehouse, all located in Iowa. It further provides freight brokerage services. The company also maintains interests in a 347-megawatt (MW) natural gas-fueled electric generating unit situated near Sheboygan Falls, Wisconsin, and a 225 MW wind farm located in Oklahoma. Alliant Energy Corporation was established in 1981 and maintains its headquarters in Madison, Wisconsin.

https://www.alliantenergy.com

Key executives

NameTitlePayBorn
Lisa BartonPresident, Chief Executive Officer & Director$3.5M1966
Rajagopalan SundararajanExecutive VP & Chief Strategy Officer$1.7M1975
Robert J. DurianExecutive Vice President & Chief Financial Officer$1.7M1971
Antonio SmythExecutive Vice President of Power Generation and Gas Strategy$1.7M1977
Amy E. BestSenior Vice President & Chief Human Resources Officer——
Dylan SyseChief Accounting Officer & Controller—1986
Mayuri N. FarlingerPresident of Iowa Energy & Vice President of Energy Delivery—1983
Melissa A. KehoeVice President of Strategic Financial Planning & Investor Relations—1985

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Lisa Barton: President and Chief Executive Officer2025$1.1M$5.5M$1.8M$9.0M
Antonio Smyth: Executive Vice President2025$471,366$3.0M$660,400$4.7M
Robert Durian: Executive Vice President and Chief Financial Officer2025$702,693$1.7M$770,951$3.4M
Raja Sundararajan: Executive Vice President and Chief Strategy Officer2025$652,500$1.5M$673,600$3.2M
David de Leon: Senior Vice President2025$481,847$651,289$467,326$1.7M

Employees

4k20184k20193k20203k20212k20223k20233k20242k2025

Dividends

Ex-dateAmountPaid
2026-07-31$0.5352026-08-17
2026-04-30$0.5352026-05-15
2026-01-30$0.5352026-02-17
2025-10-31$0.50752025-11-17
2025-07-31$0.50752025-08-15
2025-04-30$0.50752025-05-15
2025-01-31$0.50752025-02-18
2024-10-31$0.482024-11-15

Moat model

None · Cost Advantage · 2026-06-30
Cost advantage55
Intangibles37
Switching costs43
Network effect19
Efficient scale39
Our component scores (0-100) and overall 39.7; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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