Alliant Energy Corp Financials
This page shows Alliant Energy Corp (LNT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
This business shows stable operating margins but relies on debt-funded asset expansion because reinvestment outpaces operating cash.
By FY2025, operating cash flow was still about$1.17B while long-term debt reached$11.0B , even though cash generation was little changed from the prior year. That pairing, alongside a larger asset base and positive net income, suggests external financing is being used mainly to keep funding expansion rather than to patch an operating shortfall, because the income statement and cash flow statement are broadly moving in the same direction.
The notable feature is margin stability: net margin held near
Short-term liquidity improved noticeably, with the current ratio rising from 0.4x to 0.8x. Even with a larger cash buffer at
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Alliant Energy Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Alliant Energy Corp has an operating margin of 23.5%, meaning the company retains $24 of operating profit per $100 of revenue. This strong profitability earns a score of 74/100, reflecting efficient cost management and pricing power. This is up from 22.3% the prior year.
Alliant Energy Corp's revenue grew 9.6% year-over-year to $4.4B, a solid pace of expansion. This earns a growth score of 40/100.
Alliant Energy Corp carries a low D/E ratio of 1.49, meaning only $1.49 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.
Alliant Energy Corp's current ratio of 0.80 is below the typical benchmark, resulting in a score of 11/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Alliant Energy Corp's ROE of 11.0% shows moderate profitability relative to equity, earning a score of 35/100. This is up from 9.8% the prior year.
Alliant Energy Corp scores 1.18, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($19.1B) relative to total liabilities ($17.7B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Alliant Energy Corp passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Alliant Energy Corp generates $1.44 in operating cash flow ($1.2B OCF vs $810.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Alliant Energy Corp earns $2.0 in operating income for every $1 of interest expense ($1.0B vs $512.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Alliant Energy Corp generated $4.4B in revenue in fiscal year 2025. This represents an increase of 9.6% from the prior year.
Alliant Energy Corp's EBITDA was $1.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.8% from the prior year.
Alliant Energy Corp reported $810.0M in net income in fiscal year 2025. This represents an increase of 17.4% from the prior year.
Alliant Energy Corp earned $3.14 per diluted share (EPS) in fiscal year 2025. This represents an increase of 16.7% from the prior year.
Cash & Balance Sheet
Alliant Energy Corp held $556.0M in cash against $11.0B in long-term debt as of fiscal year 2025.
Alliant Energy Corp paid $2.03 per share in dividends in fiscal year 2025. This represents an increase of 5.7% from the prior year.
Alliant Energy Corp had 257M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.
Margins & Returns
Alliant Energy Corp's gross margin was 85.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.
Alliant Energy Corp's operating margin was 23.5% in fiscal year 2025, reflecting core business profitability. This is up 1.2 percentage points from the prior year.
Alliant Energy Corp's net profit margin was 18.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.2 percentage points from the prior year.
Alliant Energy Corp's ROE was 11.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the prior year.
Capital Allocation
LNT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B+11.4% | $1.1B-12.1% | $1.2B+25.9% | $961.0M-14.8% | $1.1B+15.7% | $975.0M-9.8% | $1.1B+20.9% | $894.0M |
| Cost of Revenue | $159.0M+6.0% | $150.0M-9.6% | $166.0M+9.9% | $151.0M-4.4% | $158.0M+6.0% | $149.0M-9.7% | $165.0M+12.2% | $147.0M |
| Gross Profit | $1.0B+12.3% | $913.0M-12.5% | $1.0B+28.9% | $810.0M-16.5% | $970.0M+17.4% | $826.0M-9.8% | $916.0M+22.6% | $747.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $249.0M+27.0% | $196.0M-43.8% | $349.0M+56.5% | $223.0M-13.2% | $257.0M+16.3% | $221.0M-29.4% | $313.0M+140.8% | $130.0M |
| Interest Expense | $142.0M+0.7% | $141.0M+10.2% | $128.0M+3.2% | $124.0M+4.2% | $119.0M-0.8% | $120.0M+5.3% | $114.0M+5.6% | $108.0M |
| Income Tax | -$61.0M-48.8% | -$41.0M-127.8% | -$18.0M+58.1% | -$43.0M+8.5% | -$47.0M-422.2% | -$9.0M+85.5% | -$62.0M-87.9% | -$33.0M |
| Net Income | $224.0M+57.7% | $142.0M-49.5% | $281.0M+61.5% | $174.0M-18.3% | $213.0M+42.0% | $150.0M-49.2% | $295.0M+239.1% | $87.0M |
| EPS (Diluted) | $0.87 | N/A | $1.09+60.3% | $0.68-18.1% | $0.83 | N/A | $1.15+238.2% | $0.34 |
LNT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $24.8B-0.7% | $25.0B+1.5% | $24.6B+3.7% | $23.8B+3.9% | $22.9B+0.6% | $22.7B-0.5% | $22.8B+4.5% | $21.8B |
| Current Assets | $1.2B-27.9% | $1.7B-8.0% | $1.8B+25.1% | $1.5B+52.1% | $969.0M-18.2% | $1.2B-39.8% | $2.0B+62.1% | $1.2B |
| Cash & Equivalents | $115.0M-79.3% | $556.0M+10.5% | $503.0M+52.9% | $329.0M+1216.0% | $25.0M-69.1% | $81.0M-90.2% | $827.0M+798.9% | $92.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $497.0M+4.4% | $476.0M-1.9% | $485.0M-6.4% | $518.0M+43.5% | $361.0M-15.5% | $427.0M-7.8% | $463.0M+13.2% | $409.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $17.4B-1.5% | $17.7B+1.9% | $17.3B+4.3% | $16.6B+5.4% | $15.8B+0.3% | $15.7B-1.0% | $15.9B+5.4% | $15.0B |
| Current Liabilities | $1.8B-16.3% | $2.1B-5.0% | $2.2B-13.4% | $2.6B-10.7% | $2.9B+6.4% | $2.7B+18.7% | $2.3B+23.4% | $1.9B |
| Long-Term Debt | $11.0B+0.5% | $11.0B+2.8% | $10.7B+10.5% | $9.6B+12.4% | $8.6B-1.1% | $8.7B-6.1% | $9.2B+3.9% | $8.9B |
| Total Equity | $7.4B+1.2% | $7.3B+0.4% | $7.3B+2.3% | $7.1B+0.7% | $7.1B+1.3% | $7.0B+0.5% | $7.0B+2.6% | $6.8B |
| Retained Earnings | $4.3B+2.1% | $4.2B+0.3% | $4.2B+3.7% | $4.1B+1.1% | $4.0B+2.1% | $4.0B+0.7% | $3.9B+4.6% | $3.8B |
LNT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $368.0M+36.8% | $269.0M-34.1% | $408.0M+67.9% | $243.0M-2.4% | $249.0M-2.0% | $254.0M-27.6% | $351.0M+37.6% | $255.0M |
| Capital Expenditures | $342.0M | N/A | $511.0M+21.1% | $422.0M-23.8% | $554.0M | N/A | $410.0M+4.6% | $392.0M |
| Free Cash Flow | $26.0M | N/A | -$103.0M+42.5% | -$179.0M+41.3% | -$305.0M | N/A | -$59.0M+56.9% | -$137.0M |
| Investing Cash Flow | -$393.0M-35.1% | -$291.0M+59.1% | -$711.0M-45.1% | -$490.0M-21.3% | -$404.0M+33.4% | -$607.0M-49.1% | -$407.0M-126.1% | -$180.0M |
| Financing Cash Flow | -$416.0M-654.7% | $75.0M-84.3% | $477.0M-13.4% | $551.0M+456.6% | $99.0M+125.0% | -$396.0M-149.9% | $793.0M+4764.7% | -$17.0M |
| Dividends Paid | $137.0M+5.4% | $130.0M0.0% | $130.0M-0.8% | $131.0M+0.8% | $130.0M+5.7% | $123.0M0.0% | $123.0M0.0% | $123.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LNT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 86.6%+0.7pp | 85.9%-0.4pp | 86.3%+2.0pp | 84.3%-1.7pp | 86.0%+1.3pp | 84.7%-0.0pp | 84.7%+1.2pp | 83.6% |
| Operating Margin | 21.0%+2.6pp | 18.4%-10.4pp | 28.8%+5.6pp | 23.2%+0.4pp | 22.8%+0.1pp | 22.7%-6.3pp | 28.9%+14.4pp | 14.5% |
| Net Margin | 18.9%+5.6pp | 13.4%-9.9pp | 23.2%+5.1pp | 18.1%-0.8pp | 18.9%+3.5pp | 15.4%-11.9pp | 27.3%+17.6pp | 9.7% |
| Return on Equity | 3.0%+1.1pp | 1.9%-1.9pp | 3.9%+1.4pp | 2.4%-0.6pp | 3.0%+0.9pp | 2.1%-2.1pp | 4.2%+2.9pp | 1.3% |
| Return on Assets | 0.9%+0.3pp | 0.6%-0.6pp | 1.1%+0.4pp | 0.7%-0.2pp | 0.9%+0.3pp | 0.7%-0.6pp | 1.3%+0.9pp | 0.4% |
| Current Ratio | 0.69-0.1 | 0.80-0.0 | 0.83+0.3 | 0.57+0.2 | 0.34-0.1 | 0.44-0.4 | 0.86+0.2 | 0.65 |
| Debt-to-Equity | 1.48-0.0 | 1.49+0.0 | 1.46+0.1 | 1.35+0.1 | 1.21-0.0 | 1.24-0.1 | 1.33+0.0 | 1.31 |
| FCF Margin | 2.2% | N/A | -8.5%+10.1pp | -18.6%+8.4pp | -27.0% | N/A | -5.5%+9.9pp | -15.3% |
Note: The current ratio is below 1.0 (0.80), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Alliant Energy Corp's annual revenue?
Alliant Energy Corp (LNT) reported $4.4B in total revenue for fiscal year 2025. This represents a 9.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Alliant Energy Corp's revenue growing?
Alliant Energy Corp (LNT) revenue grew by 9.6% year-over-year, from $4.0B to $4.4B in fiscal year 2025.
Is Alliant Energy Corp profitable?
Yes, Alliant Energy Corp (LNT) reported a net income of $810.0M in fiscal year 2025, with a net profit margin of 18.6%.
What is Alliant Energy Corp's EBITDA?
Alliant Energy Corp (LNT) had EBITDA of $1.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Alliant Energy Corp have?
As of fiscal year 2025, Alliant Energy Corp (LNT) had $556.0M in cash and equivalents against $11.0B in long-term debt.
What is Alliant Energy Corp's gross margin?
Alliant Energy Corp (LNT) had a gross margin of 85.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Alliant Energy Corp's operating margin?
Alliant Energy Corp (LNT) had an operating margin of 23.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Alliant Energy Corp's net profit margin?
Alliant Energy Corp (LNT) had a net profit margin of 18.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Alliant Energy Corp pay dividends?
Yes, Alliant Energy Corp (LNT) paid $2.03 per share in dividends during fiscal year 2025.
What is Alliant Energy Corp's return on equity (ROE)?
Alliant Energy Corp (LNT) has a return on equity of 11.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Alliant Energy Corp's operating cash flow?
Alliant Energy Corp (LNT) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Alliant Energy Corp's total assets?
Alliant Energy Corp (LNT) had $25.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Alliant Energy Corp's current ratio?
Alliant Energy Corp (LNT) had a current ratio of 0.80 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Alliant Energy Corp's debt-to-equity ratio?
Alliant Energy Corp (LNT) had a debt-to-equity ratio of 1.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Alliant Energy Corp's return on assets (ROA)?
Alliant Energy Corp (LNT) had a return on assets of 3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Alliant Energy Corp's Altman Z-Score?
Alliant Energy Corp (LNT) has an Altman Z-Score of 1.18, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Alliant Energy Corp's Piotroski F-Score?
Alliant Energy Corp (LNT) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Alliant Energy Corp's earnings high quality?
Alliant Energy Corp (LNT) has an earnings quality ratio of 1.44x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Alliant Energy Corp cover its interest payments?
Alliant Energy Corp (LNT) has an interest coverage ratio of 2.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Alliant Energy Corp?
Alliant Energy Corp (LNT) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.