Alliant Energy (LNT) | Financial Analysis & Statements
Alliant Energy Corporation Large-cap Utilities
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
1.1B
Gross Profit
442.0M
41.54%
Operating Income
197.0M
18.52%
Net Income
142.0M
13.35%
EPS (Diluted)
$0.55
Balance Sheet Metrics
Total Assets
25.0B
Total Liabilities
17.7B
Shareholders Equity
7.3B
Debt to Equity
2.41
Cash Flow Metrics
Operating Cash Flow
249.0M
Free Cash Flow
269.0M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Alliant Energy Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 4.4B | 4.0B | 4.0B | 4.2B | 3.7B |
| Cost of Goods Sold | 2.4B | 2.2B | 2.3B | 2.5B | 2.1B |
| Gross Profit | 2.0B | 1.8B | 1.7B | 1.7B | 1.6B |
| Gross Margin % | 45.7% | 44.7% | 43.1% | 40.6% | 42.4% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1.0B | 886.0M | 943.0M | 928.0M | 795.0M |
| Operating Margin % | 23.5% | 22.3% | 23.4% | 22.1% | 21.7% |
| Non-Operating Items | |||||
| Interest Income | - | 21.0M | - | - | - |
| Interest Expense | 486.0M | 449.0M | 420.0M | 341.0M | 284.0M |
| Other Non-Operating Income | 122.0M | 118.0M | -16.0M | 1.0M | 39.0M |
| Pre-tax Income | 661.0M | 576.0M | 707.0M | 708.0M | 600.0M |
| Income Tax | -149.0M | -114.0M | 4.0M | 22.0M | -74.0M |
| Effective Tax Rate % | -22.5% | -19.8% | 0.6% | 3.1% | -12.3% |
| Net Income | 810.0M | 690.0M | 703.0M | 686.0M | 674.0M |
| Net Margin % | 18.6% | 17.3% | 17.5% | 16.3% | 18.4% |
| Key Metrics | |||||
| EBITDA | 1.9B | 1.7B | 1.9B | 1.8B | 1.6B |
| EPS (Basic) | $3.15 | $2.69 | $2.78 | $2.73 | $2.63 |
| EPS (Diluted) | $3.14 | $2.69 | $2.78 | $2.73 | $2.63 |
| Basic Shares Outstanding | 257000000 | 256500000 | 253000000 | 250900000 | 250200000 |
| Diluted Shares Outstanding | 257000000 | 256500000 | 253000000 | 250900000 | 250200000 |
Income Statement Trend
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Alliant Energy Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 556.0M | 81.0M | 62.0M | 20.0M | 39.0M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 129.0M | 105.0M | 113.0M | 107.0M | 82.0M |
| Inventory | 288.0M | 295.0M | 343.0M | 325.0M | 246.0M |
| Other Current Assets | 377.0M | 381.0M | 392.0M | 389.0M | 344.0M |
| Total Current Assets | 1.7B | 1.2B | 1.3B | 1.2B | 1.1B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 1.2B | 1.1B | 1.0B | 967.0M | 810.0M |
| Goodwill | - | - | - | - | - |
| Intangible Assets | - | - | - | - | - |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 137.0M | 126.0M | 177.0M | 454.0M | 288.0M |
| Total Non-Current Assets | 23.3B | 21.5B | 20.0B | 18.9B | 17.5B |
| Total Assets | 25.0B | 22.7B | 21.2B | 20.2B | 18.6B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 498.0M | 532.0M | 611.0M | 756.0M | 436.0M |
| Short-term Debt | 1.2B | 1.7B | 1.3B | 1.0B | 1.1B |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 339.0M | 454.0M | 409.0M | 557.0M | 470.0M |
| Total Current Liabilities | 2.1B | 2.7B | 2.3B | 2.4B | 2.1B |
| Non-Current Liabilities | |||||
| Long-term Debt | 11.0B | 8.7B | 8.2B | 7.7B | 6.7B |
| Deferred Tax Liabilities | 2.3B | 2.2B | 2.0B | 1.9B | 1.9B |
| Other Non-Current Liabilities | 984.0M | 947.0M | 617.0M | 518.0M | 388.0M |
| Total Non-Current Liabilities | 15.5B | 13.0B | 12.2B | 11.5B | 10.5B |
| Total Liabilities | 17.7B | 15.7B | 14.5B | 13.9B | 12.6B |
| Equity | |||||
| Common Stock | 3.0M | 3.0M | 3.0M | 3.0M | 3.0M |
| Retained Earnings | 4.2B | 4.0B | 3.8B | 3.5B | 3.2B |
| Treasury Stock | - | - | - | - | 12.0M |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 7.3B | 7.0B | 6.8B | 6.3B | 6.0B |
| Key Metrics | |||||
| Total Debt | 12.1B | 10.4B | 9.5B | 8.7B | 7.9B |
| Working Capital | -426.0M | -1.5B | -1.0B | -1.1B | -985.0M |
Balance Sheet Composition
Alliant Energy Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 810.0M | 690.0M | 703.0M | 686.0M | 674.0M |
| Depreciation & Amortization | 846.0M | 772.0M | 676.0M | 671.0M | 657.0M |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | -356.0M | -216.0M | -487.0M | -867.0M | -688.0M |
| Operating Cash Flow | 1.2B | 1.2B | 867.0M | 486.0M | 582.0M |
| Investing Activities | |||||
| Capital Expenditures | - | -1.2B | - | - | - |
| Acquisitions | -2.5B | -2.1B | -1.7B | -1.5B | -1.2B |
| Investment Purchases | - | - | - | - | - |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | -1.9B | -2.8B | -1.4B | -933.0M | -728.0M |
| Financing Activities | |||||
| Share Repurchases | - | - | 0 | 0 | -200.0M |
| Dividends Paid | -521.0M | -492.0M | -456.0M | -428.0M | -403.0M |
| Debt Issuance | 2.5B | 1.6B | 1.5B | 1.3B | 600.0M |
| Debt Repayment | -300.0M | -809.0M | -508.0M | -633.0M | -8.0M |
| Financing Cash Flow | 1.2B | 398.0M | 573.0M | 431.0M | 130.0M |
| Free Cash Flow | 1.2B | 1.2B | 867.0M | 486.0M | 582.0M |
| Net Change in Cash | 475.0M | -1.2B | 39.0M | -16.0M | -16.0M |
Cash Flow Trend
Alliant Energy Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
22.71
Forward P/E
19.37
Price to Book
2.50
Price to Sales
4.22
PEG Ratio
-4.39
Profitability Ratios
Profit Margin
18.57%
Operating Margin
16.73%
Return on Equity
11.30%
Return on Assets
2.64%
Financial Health
Current Ratio
0.80
Debt to Equity
168.08
Beta
0.60
Per Share Data
EPS (TTM)
$3.14
Book Value per Share
$28.52
Revenue per Share
$16.97
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| LNT | 18.8B | 22.71 | 2.50 | 11.30% | 18.57% | 168.08 |
| NextEra Energy | 200.7B | 27.45 | 3.46 | 8.37% | 24.93% | 146.24 |
| Southern Company | 105.4B | 23.96 | 2.92 | 11.04% | 14.69% | 190.59 |
| Duke Energy | 99.0B | 20.17 | 1.95 | 9.72% | 15.63% | 171.84 |
| American Electric | 73.2B | 20.28 | 2.35 | 12.49% | 16.36% | 154.24 |
| Dominion Energy | 55.0B | 17.61 | 1.91 | 9.74% | 18.16% | 150.09 |
Financial data is updated regularly. All figures are in the company's reporting currency.






