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Alliant Energy (LNT) Financials

Alliant Energy logo
$72.30 -0.29 (-0.40%)
Closing price 05/13/2026 04:00 PM Eastern
Extended Trading
$72.44 +0.14 (+0.19%)
As of 05/13/2026 07:52 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Alliant Energy

Annual Income Statements for Alliant Energy

This table shows Alliant Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 378 361 447 512 557 614 659 686 703 690 810
Consolidated Net Income / (Loss)		 388 372 457 522 567 624 674 686 703 690 810
Net Income / (Loss) Continuing Operations		 391 384 466 522 567 624 674 686 703 690 810
Total Pre-Tax Income 		461 443 533 570 636 567 600 708 707 576 661
Total Operating Income		 577 554 671 694 778 740 795 928 943 886 1,025
Total Gross Profit		 1,931 1,744 1,872 1,951 2,168 2,133 2,232 2,413 2,409 2,516 2,732
Total Revenue		 3,254 3,320 3,382 3,534 3,648 3,416 3,669 4,205 4,027 3,981 4,362
Operating Revenue		 3,196 3,320 3,382 3,534 3,648 3,416 3,669 4,205 4,027 3,981 4,362
Total Cost of Revenue		 1,323 1,576 1,510 1,583 1,480 1,283 1,437 1,792 1,618 1,465 1,630
Operating Cost of Revenue		 1,323 1,576 1,510 1,583 1,480 1,283 1,437 1,792 1,618 1,465 1,630
Total Operating Expenses		 1,135 1,190 1,201 1,257 1,390 1,393 1,437 1,485 1,466 1,630 1,707
Selling, General & Admin Expense		 630 589 633 646 712 670 676 704 675 676 740
Depreciation Expense		 401 412 462 507 567 615 657 671 676 772 846
Other Operating Expenses / (Income)		 104 102 106 104 111 108 104 110 115 122 121
Impairment Charge		 - 86 - - - - - 0.00 0.00 60 0.00
Total Other Income / (Expense), net		 -116 -111 -138 -124 -142 -173 -195 -220 -236 -310 -364
Interest Expense		 187 196 216 247 273 275 277 325 394 449 512
Interest & Investment Income		 34 40 45 55 53 61 62 51 61 61 60
Other Income / (Expense), net		 38 46 32 68 78 41 20 54 97 78 88
Income Tax Expense		 70 59 67 48 69 -57 -74 22 4.00 -114 -149
Basic Earnings per Share		 $1.68 $1.64 $1.99 $2.19 $2.34 $2.47 $2.63 $2.73 $2.78 $2.69 $3.15
Weighted Average Basic Shares Outstanding		 225.40M 227.10M 229.70M 233.60M 238.50M 248.40M 250.20M 250.90M 253M 256.50M 257M
Diluted Earnings per Share		 $1.68 $1.64 $1.99 $2.19 $2.33 $2.47 $2.63 $2.73 $2.78 $2.69 $3.14
Weighted Average Diluted Shares Outstanding		 225.40M 227.10M 229.70M 233.60M 239M 248.70M 250.70M 251.20M 253.30M 256.80M 257.80M
Weighted Average Basic & Diluted Shares Outstanding		 225.40M 227.10M 229.70M 233.60M 271.64M 276.49M 277.09M 277.74M 282.71M 283.30M 283.75M
Cash Dividends to Common per Share		 $1.10 $1.18 $1.26 $1.34 $1.42 $1.52 $1.61 $1.71 $1.81 $1.92 $2.03

Quarterly Income Statements for Alliant Energy

This table shows Alliant Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 259 121 158 87 295 150 213 174 281 142 224
Consolidated Net Income / (Loss)		 259 121 158 87 295 150 213 174 281 142 224
Net Income / (Loss) Continuing Operations		 259 121 158 87 295 150 213 174 281 142 224
Total Pre-Tax Income 		264 122 148 54 233 141 166 131 263 101 163
Total Operating Income		 322 182 222 130 313 221 257 223 349 196 249
Total Gross Profit		 680 561 602 584 711 619 658 630 793 651 684
Total Revenue		 1,077 961 1,031 894 1,081 975 1,128 961 1,210 1,063 1,184
Operating Revenue		 1,077 961 1,031 894 1,081 975 1,128 961 1,210 1,063 1,184
Total Cost of Revenue		 397 400 429 310 370 356 470 331 417 412 500
Operating Cost of Revenue		 397 400 429 310 370 356 470 331 417 412 500
Total Operating Expenses		 358 379 380 454 398 398 401 407 444 455 435
Selling, General & Admin Expense		 160 178 160 177 174 165 160 168 204 208 180
Depreciation Expense		 170 173 189 188 195 200 211 208 211 216 223
Other Operating Expenses / (Income)		 28 28 31 29 29 33 30 31 29 31 32
Total Other Income / (Expense), net		 -58 -60 -74 -76 -80 -80 -91 -92 -86 -95 -86
Interest Expense		 99 105 107 108 114 120 119 124 128 141 142
Interest & Investment Income		 14 16 15 15 14 17 13 10 18 19 22
Other Income / (Expense), net		 27 29 18 17 20 23 15 22 24 27 34
Income Tax Expense		 5.00 1.00 -10 -33 -62 -9.00 -47 -43 -18 -41 -61
Basic Earnings per Share		 $1.02 $0.47 $0.62 $0.34 $1.15 $0.58 $0.83 $0.68 $1.09 $0.55 $0.87
Weighted Average Basic Shares Outstanding		 253.50M 253M 256.20M 256.40M 256.60M 256.50M 256.80M 256.90M 257M 257M 257.40M
Diluted Earnings per Share		 $1.02 $0.47 $0.62 $0.34 $1.15 $0.58 $0.83 $0.68 $1.09 $0.54 $0.87
Weighted Average Diluted Shares Outstanding		 253.80M 253.30M 256.50M 256.70M 256.90M 256.80M 257.20M 257.30M 257.80M 257.80M 258.80M
Weighted Average Basic & Diluted Shares Outstanding		 281.79M 282.71M 282.99M 283.11M 283.21M 283.30M 283.48M 283.58M 283.66M 283.75M 284.88M

Annual Cash Flow Statements for Alliant Energy

This table details how cash moves in and out of Alliant Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -51 1.90 424 -8.00 -8.00 38 -16 -16 388 468 475
Net Cash From Operating Activities		 871 393 1,036 528 660 501 582 486 867 1,167 1,169
Net Cash From Continuing Operating Activities		 1,220 393 1,036 528 660 501 582 486 891 1,237 1,169
Net Income / (Loss) Continuing Operations		 388 382 881 522 567 624 674 686 703 690 810
Consolidated Net Income / (Loss)		 388 382 881 522 567 624 674 686 703 690 810
Depreciation Expense		 793 412 920 507 567 615 657 671 676 772 846
Non-Cash Adjustments To Reconcile Net Income		 13 118 - -8.00 10 -68 -61 -4.00 -39 38 -131
Changes in Operating Assets and Liabilities, net		 26 -519 813 645 -484 -670 -688 -867 -449 -263 -356
Net Cash From Investing Activities		 -919 -720 -1,857 -1,067 -1,287 -951 -728 -933 -1,401 -1,547 -1,896
Net Cash From Continuing Investing Activities		 -919 411 -1,857 -1,067 -1,287 -951 -728 -933 -1,401 -1,547 -1,896
Purchase of Property, Plant & Equipment		 -960 - - - -1,640 -1,366 -1,169 -1,484 -1,854 -2,249 -2,483
Other Investing Activities, net		 -25 477 924 643 353 415 441 551 333 579 587
Net Cash From Financing Activities		 -3.10 329 1,245 531 619 488 130 431 573 398 1,202
Net Cash From Continuing Financing Activities		 162 329 1,245 531 619 488 130 431 898 778 1,202
Repayment of Debt		 -158 -231 0.00 -880 -384 -632 105 -504 -672 -746 -770
Payment of Dividends		 -247 -267 - -312 -337 -377 -403 -428 -456 -492 -521
Issuance of Debt		 251 800 1,105 1,526 950 1,250 600 1,338 1,455 1,613 2,470
Issuance of Common Equity		 151 27 150 197 390 247 28 25 246 23 23
Other Financing Activities, net		 165 0.00 - - 0.00 0.00 0.00 0.00 325 380 0.00
Cash Interest Paid		 185 192 416 247 268 274 272 311 378 434 500
Cash Income Taxes Paid		 -12 9.80 11 5.00 -21 -5.00 3.00 6.00 -88 -197 -266

Quarterly Cash Flow Statements for Alliant Energy

This table details how cash moves in and out of Alliant Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 657 -29 -28 -319 1,114 -749 -56 304 174 53 -441
Net Cash From Operating Activities		 -9.00 37 307 793 -187 254 249 243 408 269 368
Net Cash From Continuing Operating Activities		 -4.00 37 307 789 -183 374 249 243 408 269 368
Net Income / (Loss) Continuing Operations		 -62 121 158 324 58 150 213 174 281 142 224
Consolidated Net Income / (Loss)		 -62 121 158 324 58 150 213 174 281 142 224
Depreciation Expense		 -158 173 189 558 -176 201 211 209 211 215 223
Non-Cash Adjustments To Reconcile Net Income		 13 -1.00 -18 117 -151 93 -50 -51 -22 -8.00 -72
Changes in Operating Assets and Liabilities, net		 203 -256 -22 -210 86 -70 -125 -89 -62 -80 -7.00
Net Cash From Investing Activities		 -53 -449 -353 -636 49 -607 -404 -490 -711 -291 -393
Net Cash From Continuing Investing Activities		 67 -329 -353 -882 172 -607 -404 -490 -711 -291 -393
Purchase of Property, Plant & Equipment		 285 -561 -510 -1,320 396 -815 -582 -483 -583 -835 -414
Other Investing Activities, net		 -218 112 157 438 -224 208 178 -7.00 122 294 21
Net Cash From Financing Activities		 265 58 18 -70 846 -396 99 551 477 75 -416
Net Cash From Continuing Financing Activities		 479 383 18 -230 1,006 -396 99 551 477 75 -416
Repayment of Debt		 238 -2.00 -456 -590 578 -278 229 -480 -405 -114 -679
Payment of Dividends		 117 -115 -123 -321 75 -123 -130 -131 -130 -130 -137
Issuance of Debt		 -1.00 130 597 669 347 - 0.00 1,162 1,012 296 400
Other Financing Activities, net		 - 325 0.00 - - - 0.00 - - - 0.00
Cash Interest Paid		 -42 98 97 271 -42 108 139 100 134 127 126
Cash Income Taxes Paid		 -8.00 -94 2.00 -173 13 -39 0.00 -91 -17 -158 -90

Annual Balance Sheets for Alliant Energy

This table presents Alliant Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 10,159 10,617 11,672 15,426 16,701 17,710 15,648 20,163 21,237 22,714 24,991
Total Current Assets		 0.00 0.00 41 785 876 887 0.00 1,250 1,272 1,184 1,697
Cash & Equivalents		 - - - 21 16 54 - 20 62 81 556
Accounts Receivable		 - - - 350 402 412 - 516 475 427 476
Inventories, net		 - - - 212 227 217 - 325 343 295 288
Other Current Assets		 - - - 160 231 204 - 389 392 381 377
Plant, Property, & Equipment, net		 9,519 10,279 11,235 12,462 13,527 14,336 14,987 16,247 17,157 18,701 20,344
Total Noncurrent Assets		 640 338 396 2,179 2,298 2,487 661 2,666 2,808 2,829 2,950
Long-Term Investments		 640 338 396 431 468 485 517 559 602 639 694
Other Noncurrent Operating Assets		 - - - 1,747 1,830 2,002 144 2,107 2,206 2,190 2,256
Total Liabilities & Shareholders' Equity		 4,701 4,588 5,957 15,426 16,701 17,710 9,450 20,163 21,237 22,714 24,991
Total Liabilities		 779 528 1,577 10,640 11,296 11,822 3,463 14,012 14,641 15,645 17,533
Total Current Liabilities		 473 249 1,271 1,644 2,054 1,297 1,148 2,363 2,304 2,715 2,123
Short-Term Debt		 473 249 1,271 698 994 397 1,148 1,050 1,284 1,729 1,162
Accounts Payable		 0.00 0.00 0.00 543 422 377 0.00 756 662 579 498
Current Deferred & Payable Income Tax Liabilities		 - - - - 70 67 - 52 50 0.00 0.00
Other Current Liabilities		 - - - 403 568 456 - 557 409 342 339
Total Noncurrent Liabilities		 306 279 306 8,996 9,242 10,525 2,315 11,524 12,156 12,995 15,534
Long-Term Debt		 - - - 5,246 5,533 6,769 - 7,668 8,225 8,677 10,954
Asset Retirement Reserve & Litigation Obligation		 - - - 1,351 1,212 1,057 - 1,118 1,023 959 1,113
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - 1,603 1,714 1,814 1,927 1,943 2,042 2,188 2,310
Noncurrent Employee Benefit Liabilities		 - - - 509 484 511 - 277 249 224 173
Other Noncurrent Operating Liabilities		 306 279 306 287 299 374 388 518 617 947 984
Commitments & Contingencies		 - - - 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 3,922 4,060 4,380 4,786 5,405 5,888 5,987 6,276 6,777 7,004 7,334
Total Preferred & Common Equity		 3,722 3,860 4,180 4,586 5,205 5,688 5,987 6,276 6,777 7,004 7,334
Total Common Equity		 3,722 3,860 4,180 4,586 5,205 5,688 5,987 6,276 6,777 7,004 7,334
Common Stock		 1,662 1,693 1,846 2,048 2,448 2,706 2,749 2,780 3,033 3,063 3,104
Retained Earnings		 2,069 2,177 2,346 2,546 2,766 2,994 3,250 3,509 3,756 3,954 4,243
Accumulated Other Comprehensive Income / (Loss)		 -0.40 -0.40 -0.50 1.70 1.00 -1.00 - 0.00 1.00 1.00 1.00
Other Equity Adjustments		 -8.50 -10 -11 -9.80 -10 -11 -12 -13 -13 -14 -14

Quarterly Balance Sheets for Alliant Energy

This table presents Alliant Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 20,383 20,904 21,237 21,248 21,836 22,829 22,714 22,851 23,750 24,627 24,813
Total Current Assets		 1,138 1,372 1,272 1,108 1,214 1,968 1,184 969 1,474 1,844 1,224
Cash & Equivalents		 13 206 62 32 92 827 81 25 329 503 115
Accounts Receivable		 428 486 475 426 409 463 427 361 518 485 497
Inventories, net		 305 327 343 320 323 320 295 265 278 281 274
Other Current Assets		 392 353 392 330 390 358 381 318 349 325 338
Plant, Property, & Equipment, net		 16,306 16,633 17,157 17,354 17,706 17,936 18,701 19,022 19,376 19,813 20,589
Total Noncurrent Assets		 2,939 2,899 2,808 2,786 2,916 2,925 2,829 2,860 2,900 2,970 3,000
Long-Term Investments		 584 594 602 611 623 633 639 650 666 689 724
Other Noncurrent Operating Assets		 2,355 2,305 2,206 2,175 2,293 2,292 2,190 2,210 2,234 2,281 2,276
Total Liabilities & Shareholders' Equity		 20,383 20,904 21,237 21,248 21,836 22,829 22,714 22,851 23,750 24,627 24,813
Total Liabilities		 14,057 14,346 14,641 14,583 15,186 16,008 15,926 15,954 16,802 17,536 17,250
Total Current Liabilities		 1,893 1,935 2,304 1,984 1,854 2,288 2,715 2,888 2,579 2,234 1,778
Short-Term Debt		 850 910 1,284 1,143 856 1,434 1,729 2,049 1,665 1,266 833
Accounts Payable		 625 663 662 438 581 473 579 444 545 602 459
Current Deferred & Payable Income Tax Liabilities		 51 68 50 61 56 61 77 78 54 74 0.00
Other Current Liabilities		 458 421 409 403 417 381 454 434 417 418 345
Total Noncurrent Liabilities		 12,038 12,243 12,156 12,447 13,191 13,573 12,995 12,870 14,026 15,086 15,613
Long-Term Debt		 8,186 8,429 8,225 8,524 8,900 9,245 8,677 8,580 9,642 10,655 11,007
Asset Retirement Reserve & Litigation Obligation		 1,087 1,095 1,023 1,036 1,026 991 959 974 1,017 1,076 1,086
Noncurrent Deferred & Payable Income Tax Liabilities		 1,969 1,913 2,042 2,038 2,086 2,164 2,188 2,147 2,198 2,187 2,359
Noncurrent Employee Benefit Liabilities		 262 262 249 245 240 234 224 210 202 197 163
Other Noncurrent Operating Liabilities		 534 544 617 604 939 939 947 959 967 971 998
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 6,452 6,726 6,777 6,817 6,791 6,968 7,004 7,093 7,145 7,307 7,422
Total Preferred & Common Equity		 6,452 6,726 6,777 6,817 6,791 6,968 7,004 7,093 7,145 7,307 7,422
Total Common Equity		 6,452 6,726 6,777 6,817 6,791 6,968 7,004 7,093 7,145 7,307 7,422
Common Stock		 2,857 2,985 3,033 3,036 3,045 3,055 3,063 3,069 3,078 3,090 3,104
Retained Earnings		 3,606 3,750 3,756 3,791 3,755 3,927 3,954 4,037 4,080 4,231 4,330
Accumulated Other Comprehensive Income / (Loss)		 3.00 4.00 1.00 2.00 3.00 -1.00 1.00 0.00 0.00 0.00 2.00
Other Equity Adjustments		 -14 -13 -13 -12 -12 -13 -14 -13 -13 -14 -14

Annual Metrics And Ratios for Alliant Energy

This table displays calculated financial ratios and metrics derived from Alliant Energy's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6,027.31% 2.04% 1.87% 4.49% 3.23% -6.36% 7.41% 14.61% -4.23% -1.14% 9.57%
EBITDA Growth		 4.48% -28.12% 60.47% -21.83% 12.14% -1.90% 5.44% 12.30% 3.81% 1.17% 12.85%
EBIT Growth		 5.93% -2.38% 17.27% 8.30% 12.34% -8.76% 4.35% 20.49% 5.91% -7.31% 15.46%
NOPAT Growth		 0.02% -1.86% 22.36% 8.24% 9.13% 17.42% 9.66% 0.68% 4.28% 13.19% 18.34%
Net Income Growth		 -1.25% -4.35% 23.10% 14.15% 8.62% 10.05% 8.01% 1.78% 2.48% -1.85% 17.39%
EPS Growth		 -1.25% -2.38% 21.34% 10.05% 6.39% 6.01% 6.48% 3.80% 1.83% -3.24% 16.73%
Operating Cash Flow Growth		 -2.29% -54.91% 163.65% -49.02% 25.00% -24.09% 16.17% -16.49% 35.60% 77.09% 0.17%
Free Cash Flow Firm Growth		 66.49% -569.32% -24.56% 447.21% -135.93% 47.03% 334.37% -216.52% 67.05% 106.31% -116.71%
Invested Capital Growth		 6.16% 8.54% 9.70% -6.31% 11.39% 9.32% 2.41% 12.40% 8.09% 6.72% 9.10%
Revenue Q/Q Growth		 475.36% 2.56% -20.16% 0.48% 0.21% -1.83% 3.09% 3.24% -2.38% 0.35% 2.06%
EBITDA Q/Q Growth		 7.39% -43.07% 5.53% 28.12% 3.96% -17.61% 31.19% 2.67% 2.08% 3.64% 39.63%
EBIT Q/Q Growth		 15.46% -38.47% -35.61% 1,953.91% 5.13% -28.83% 74.52% 3.81% 3.17% 3.54% -1.85%
NOPAT Q/Q Growth		 -3.66% -48.07% -34.95% 2,593.20% 3.62% -25.79% 91.23% 2.47% 1.77% 5.59% 2.51%
Net Income Q/Q Growth		 -6.25% 5.21% 7.30% 0.27% 4.75% -39.66% 139.01% 139.02% -34.67% 4.39% -0.98%
EPS Q/Q Growth		 -6.25% -56.84% 10.56% 0.92% 4.02% -7.84% 4.37% 2.63% 1.46% 4.26% -1.26%
Operating Cash Flow Q/Q Growth		 5.86% -52.67% 444.77% -48.56% 10.96% -32.93% 52.36% -17.63% 5.78% 0.78% 159.20%
Free Cash Flow Firm Q/Q Growth		 99.46% -190.97% -241.10% 117.01% -20.17% 10.93% 78.33% -31.78% 16.32% -11.10% 13.50%
Invested Capital Q/Q Growth		 1.99% 3.95% 3.14% 2.80% 3.47% 0.56% 1.88% 3.03% 2.61% 2.81% 3.28%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 59.34% 52.52% 55.34% 55.21% 59.43% 62.44% 60.83% 57.38% 59.82% 63.20% 62.63%
EBITDA Margin		 43.26% 30.47% 48.00% 35.91% 39.01% 40.87% 40.12% 39.31% 42.61% 43.61% 44.91%
Operating Margin		 17.73% 16.69% 19.85% 19.64% 21.33% 21.66% 21.67% 22.07% 23.42% 22.26% 23.50%
EBIT Margin		 18.89% 18.07% 20.80% 21.56% 23.46% 22.86% 22.21% 23.35% 25.83% 24.22% 25.52%
Profit (Net Income) Margin		 11.94% 11.19% 13.52% 14.77% 15.54% 18.27% 18.37% 16.31% 17.46% 17.33% 18.57%
Tax Burden Percent		 84.20% 83.78% 85.83% 91.58% 89.15% 110.05% 112.33% 96.89% 99.43% 119.79% 122.54%
Interest Burden Percent		 75.06% 73.90% 75.72% 74.80% 74.30% 72.60% 73.62% 72.10% 67.98% 59.75% 59.39%
Effective Tax Rate		 15.26% 13.40% 12.52% 8.42% 10.85% -10.05% -12.33% 3.11% 0.57% -19.79% -22.54%
Return on Invested Capital (ROIC)		 5.47% 5.00% 5.60% 5.98% 6.39% 6.80% 7.05% 6.61% 6.26% 6.59% 7.17%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.56% 3.07% 3.53% 4.10% 4.19% 3.79% 3.80% 3.76% 3.48% 2.56% 2.86%
Return on Net Nonoperating Assets (RNNOA)		 5.09% 4.31% 5.24% 5.41% 4.74% 4.25% 4.30% 4.58% 4.52% 3.42% 4.13%
Return on Equity (ROE)		 10.56% 9.31% 10.84% 11.39% 11.13% 11.05% 11.35% 11.19% 10.77% 10.01% 11.30%
Cash Return on Invested Capital (CROIC)		 -0.51% -3.20% -3.65% 12.50% -4.39% -2.11% 4.67% -5.07% -1.52% 0.09% -1.53%
Operating Return on Assets (OROA)		 6.25% 5.78% 6.31% 5.62% 5.33% 4.54% 4.89% 5.48% 5.02% 4.39% 4.67%
Return on Assets (ROA)		 3.95% 3.58% 4.10% 3.85% 3.53% 3.63% 4.04% 3.83% 3.40% 3.14% 3.40%
Return on Common Equity (ROCE)		 10.27% 8.84% 10.32% 10.89% 10.69% 10.66% 11.16% 11.19% 10.77% 10.01% 11.30%
Return on Equity Simple (ROE_SIMPLE)		 10.44% 9.63% 10.94% 11.38% 10.89% 10.97% 11.26% 10.93% 10.37% 9.85% 0.00%
Net Operating Profit after Tax (NOPAT)		 489 480 587 636 694 814 893 899 938 1,061 1,256
NOPAT Margin		 15.03% 14.45% 17.36% 17.98% 19.01% 23.84% 24.34% 21.38% 23.28% 26.66% 28.80%
Net Nonoperating Expense Percent (NNEP)		 1.91% 1.93% 2.07% 1.88% 2.20% 3.01% 3.26% 2.85% 2.77% 4.04% 4.31%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 6.00% 5.76% 6.10% 6.46%
Cost of Revenue to Revenue		 40.66% 47.48% 44.66% 44.79% 40.57% 37.56% 39.17% 42.62% 40.18% 36.80% 37.37%
SG&A Expenses to Revenue		 19.35% 17.75% 18.72% 18.28% 19.52% 19.61% 18.42% 16.74% 16.76% 16.98% 16.96%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 34.87% 35.83% 35.50% 35.57% 38.10% 40.78% 39.17% 35.32% 36.40% 40.94% 39.13%
Earnings before Interest and Taxes (EBIT)		 615 600 704 762 856 781 815 982 1,040 964 1,113
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,407 1,012 1,623 1,269 1,423 1,396 1,472 1,653 1,716 1,736 1,959
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.78 1.96 2.13 2.02 2.42 2.22 2.59 2.26 2.04 2.37 2.49
Price to Tangible Book Value (P/TBV)		 1.78 1.96 2.13 2.02 2.42 2.22 2.59 2.26 2.04 2.37 2.49
Price to Revenue (P/Rev)		 2.04 2.27 2.63 2.62 3.45 3.69 4.23 3.37 3.43 4.17 4.19
Price to Earnings (P/E)		 17.54 20.90 19.89 18.10 22.58 20.53 23.55 20.64 19.66 24.07 22.58
Dividend Yield		 4.64% 3.95% 3.65% 3.80% 3.01% 3.33% 2.87% 3.35% 3.69% 3.27% 3.15%
Earnings Yield		 5.70% 4.78% 5.03% 5.52% 4.43% 4.87% 4.25% 4.84% 5.09% 4.16% 4.43%
Enterprise Value to Invested Capital (EV/IC)		 0.72 0.77 0.91 1.46 1.64 1.55 1.26 1.55 1.46 1.58 1.60
Enterprise Value to Revenue (EV/Rev)		 2.05 2.31 2.95 4.23 5.16 5.69 4.40 5.30 5.63 6.60 6.68
Enterprise Value to EBITDA (EV/EBITDA)		 4.74 7.57 6.14 11.79 13.22 13.92 10.97 13.49 13.21 15.14 14.88
Enterprise Value to EBIT (EV/EBIT)		 10.85 12.77 14.16 19.63 21.98 24.88 19.82 22.71 21.80 27.27 26.20
Enterprise Value to NOPAT (EV/NOPAT)		 13.63 15.97 16.97 23.54 27.13 23.86 18.09 24.80 24.17 24.77 23.21
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.65 19.51 9.62 28.33 28.51 38.79 27.75 45.89 34.40 22.53 24.94
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 11.27 0.00 0.00 27.28 0.00 0.00 1,831.63 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.12 0.06 0.29 1.24 1.21 1.22 0.19 1.39 1.40 1.49 1.65
Long-Term Debt to Equity		 0.00 0.00 0.00 1.10 1.02 1.15 0.00 1.22 1.21 1.24 1.49
Financial Leverage		 1.43 1.41 1.48 1.32 1.13 1.12 1.13 1.22 1.30 1.34 1.44
Leverage Ratio		 2.67 2.60 2.64 2.96 3.15 3.05 2.81 2.92 3.17 3.19 3.33
Compound Leverage Factor		 2.01 1.92 2.00 2.21 2.34 2.21 2.07 2.11 2.16 1.91 1.98
Debt to Total Capital		 10.77% 5.77% 22.49% 55.40% 54.70% 54.90% 16.09% 58.14% 58.39% 59.77% 62.29%
Short-Term Debt to Total Capital		 10.77% 5.77% 22.49% 6.50% 8.33% 3.04% 16.09% 7.00% 7.88% 9.93% 5.97%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 48.90% 46.37% 51.85% 0.00% 51.14% 50.50% 49.84% 56.32%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 4.55% 4.64% 3.54% 1.86% 1.68% 1.53% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 84.68% 89.59% 73.97% 42.74% 43.62% 43.57% 83.91% 41.86% 41.61% 40.23% 37.71%
Debt to EBITDA		 0.34 0.25 0.78 4.68 4.59 5.13 0.78 5.27 5.54 5.99 6.18
Net Debt to EBITDA		 -0.12 -0.09 0.54 4.33 4.25 4.75 0.43 4.92 5.15 5.58 5.55
Long-Term Debt to EBITDA		 0.00 0.00 0.00 4.13 3.89 4.85 0.00 4.64 4.79 5.00 5.59
Debt to NOPAT		 0.97 0.52 2.16 9.35 9.41 8.80 1.29 9.70 10.14 9.80 9.65
Net Debt to NOPAT		 -0.34 -0.19 1.49 8.64 8.71 8.14 0.71 9.05 9.43 9.13 8.65
Long-Term Debt to NOPAT		 0.00 0.00 0.00 8.25 7.98 8.31 0.00 8.53 8.77 8.18 8.72
Altman Z-Score		 5.86 9.34 4.03 1.08 1.20 1.19 3.30 1.15 1.11 1.10 1.16
Noncontrolling Interest Sharing Ratio		 2.72% 5.01% 4.74% 4.36% 3.93% 3.54% 1.68% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 0.00 0.03 0.48 0.43 0.68 0.00 0.53 0.55 0.44 0.80
Quick Ratio		 0.00 0.00 0.00 0.23 0.20 0.36 0.00 0.23 0.23 0.19 0.49
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -46 -307 -382 1,327 -477 -253 592 -690 -227 14 -268
Operating Cash Flow to CapEx		 106.19% 0.00% 0.00% 0.00% 40.24% 36.68% 49.79% 32.75% 38.00% 51.89% 47.08%
Free Cash Flow to Firm to Interest Expense		 -0.25 -1.56 -1.77 5.37 -1.75 -0.92 2.14 -2.12 -0.58 0.03 -0.52
Operating Cash Flow to Interest Expense		 4.66 2.00 4.80 2.14 2.42 1.82 2.10 1.50 1.67 2.60 2.28
Operating Cash Flow Less CapEx to Interest Expense		 0.27 2.00 17.70 8.75 -3.59 -3.15 -2.12 -3.07 -2.73 -2.41 -2.57
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.33 0.32 0.30 0.26 0.23 0.20 0.22 0.23 0.19 0.18 0.18
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 9.70 8.39 0.00 0.00 8.13 8.83 9.66
Inventory Turnover		 0.00 0.00 0.00 0.00 6.75 5.78 0.00 0.00 4.84 4.59 5.59
Fixed Asset Turnover		 0.35 0.34 0.31 0.30 0.28 0.25 0.25 0.27 0.24 0.22 0.22
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 3.07 3.21 0.00 0.00 2.28 2.36 2.91
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 37.64 43.49 0.00 0.00 44.91 41.35 37.78
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 54.11 63.16 0.00 0.00 75.35 79.48 65.27
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 119.03 113.65 0.00 0.00 159.94 154.60 125.62
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 -27.28 -7.01 0.00 0.00 -39.68 -33.77 -22.57
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 9,213 10,000 10,969 10,278 11,448 12,515 12,816 14,405 15,570 16,617 18,279
Invested Capital Turnover		 0.36 0.35 0.32 0.33 0.34 0.29 0.29 0.31 0.27 0.25 0.25
Increase / (Decrease) in Invested Capital		 535 787 970 -692 1,171 1,067 301 1,589 1,165 1,047 1,524
Enterprise Value (EV)		 6,666 7,663 9,966 14,961 18,818 19,433 16,152 22,301 22,667 26,292 29,158
Market Capitalization		 6,632 7,552 8,891 9,269 12,575 12,606 15,521 14,162 13,822 16,606 18,292
Book Value per Share		 $26.59 $15.19 $16.21 $17.47 $19.50 $20.58 $21.62 $22.61 $24.05 $24.73 $25.85
Tangible Book Value per Share		 $26.59 $15.19 $16.21 $17.47 $19.50 $20.58 $21.62 $22.61 $24.05 $24.73 $25.85
Total Capital		 4,395 4,308 5,651 10,730 11,932 13,054 7,135 14,994 16,286 17,410 19,450
Total Debt		 473 249 1,271 5,944 6,527 7,166 1,148 8,718 9,509 10,406 12,116
Total Long-Term Debt		 0.00 0.00 0.00 5,246 5,533 6,769 0.00 7,668 8,225 8,677 10,954
Net Debt		 -166 -89 875 5,492 6,043 6,627 631 8,139 8,845 9,686 10,866
Capital Expenditures (CapEx)		 820 0.00 -2,780 -1,634 1,640 1,366 1,169 1,484 1,734 2,249 2,483
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 41 -182 -200 -67 0.00 -83 190 117 180
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 41 -161 -184 -13 0.00 -63 252 198 736
Net Working Capital (NWC)		 -473 -249 -1,230 -859 -1,178 -410 -1,148 -1,113 -1,032 -1,531 -426
Net Nonoperating Expense (NNE)		 101 108 130 114 127 190 219 213 235 371 446
Net Nonoperating Obligations (NNO)		 5,291 5,940 6,590 5,492 6,043 6,627 6,829 8,129 8,793 9,613 10,945
Total Depreciation and Amortization (D&A)		 793 412 920 507 567 615 657 671 676 772 846
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 1.22% -5.16% -5.48% -1.96% 0.00% -1.97% 4.72% 2.94% 4.13%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 1.22% -4.56% -5.04% -0.38% 0.00% -1.50% 6.26% 4.97% 16.87%
Net Working Capital to Revenue		 -14.54% -7.49% -36.36% -24.31% -32.29% -12.00% -31.29% -26.47% -25.63% -38.46% -9.77%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.68 $1.64 $1.99 $2.19 $2.34 $2.47 $2.63 $2.73 $2.78 $2.69 $3.15
Adjusted Weighted Average Basic Shares Outstanding		 280.15M 254.29M 257.96M 262.68M 238.50M 248.40M 250.20M 250.90M 253M 256.50M 257M
Adjusted Diluted Earnings per Share		 $1.68 $1.64 $1.99 $2.19 $2.33 $2.47 $2.63 $2.73 $2.78 $2.69 $3.14
Adjusted Weighted Average Diluted Shares Outstanding		 280.15M 254.29M 257.96M 262.68M 239M 248.70M 250.70M 251.20M 253.30M 256.80M 257.80M
Adjusted Basic & Diluted Earnings per Share		 $1.68 $1.64 $1.99 $2.19 $2.34 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 225.40M 227.10M 229.70M 233.60M 271.64M 276.49M 277.09M 277.74M 282.71M 283.30M 283.75M
Normalized Net Operating Profit after Tax (NOPAT)		 489 555 587 636 694 518 557 899 938 662 718
Normalized NOPAT Margin		 15.03% 16.71% 17.36% 17.98% 19.01% 15.16% 15.17% 21.38% 23.28% 16.63% 16.45%
Pre Tax Income Margin		 14.18% 13.36% 15.75% 16.13% 17.43% 16.60% 16.35% 16.84% 17.56% 14.47% 15.15%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.28 3.06 3.26 3.09 3.14 2.84 2.94 3.02 2.64 2.15 2.17
NOPAT to Interest Expense		 2.61 2.45 2.72 2.57 2.54 2.96 3.22 2.77 2.38 2.36 2.45
EBIT Less CapEx to Interest Expense		 -1.10 3.06 16.16 9.70 -2.87 -2.13 -1.28 -1.54 -1.76 -2.86 -2.68
NOPAT Less CapEx to Interest Expense		 -1.77 2.45 15.62 9.19 -3.47 -2.01 -1.00 -1.80 -2.02 -2.65 -2.40
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 63.67% 71.74% 0.00% 59.77% 59.44% 60.42% 59.79% 62.39% 64.86% 71.30% 64.32%
Augmented Payout Ratio		 63.67% 71.74% 0.00% 59.77% 59.44% 60.42% 59.79% 62.39% 64.86% 71.30% 64.32%

Quarterly Metrics And Ratios for Alliant Energy

This table displays calculated financial ratios and metrics derived from Alliant Energy's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 284,884,426.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 284,884,426.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.79
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -5.11% -9.25% -4.27% -1.97% 0.37% 1.46% 9.41% 7.49% 11.93% 9.03% 4.96%
EBITDA Growth		 -60.86% 10.03% 6.19% -4.34% -17.80% 15.89% 12.59% -57.81% 67.34% 471.19% 4.76%
EBIT Growth		 9.40% 17.88% 0.84% -39.26% -4.58% 15.64% 13.33% 66.67% 12.01% -8.61% 4.04%
NOPAT Growth		 8.54% 9.32% 5.45% -3.48% 25.45% 30.25% 39.14% 41.42% -5.91% 17.21% 3.77%
Net Income Growth		 0.00% -75.51% -3.07% -45.63% 13.90% 23.97% 34.81% 100.00% -4.75% -5.33% 5.16%
EPS Growth		 13.33% 9.30% -4.62% -46.88% 12.75% 23.40% 33.87% 100.00% -5.22% -6.90% 4.82%
Operating Cash Flow Growth		 -104.86% 3,600.00% 63.30% 79.01% -1,977.78% 586.49% -18.89% -69.36% -20.93% 159.91% 47.79%
Free Cash Flow Firm Growth		 20.98% 30.86% -270.35% 16.10% 32.42% 17.53% 44.74% -66.91% -96.07% -31.43% -52.55%
Invested Capital Growth		 8.53% 8.09% 12.22% 6.59% 6.52% 6.72% 7.28% 9.98% 9.50% 9.10% 9.40%
Revenue Q/Q Growth		 18.09% -10.77% 7.28% -13.29% 20.92% -9.81% 15.69% -14.81% 25.91% -12.15% 11.38%
EBITDA Q/Q Growth		 -74.08% 101.05% 11.72% 64.34% -77.73% 183.44% 8.54% -6.00% 28.63% -25.00% 15.53%
EBIT Q/Q Growth		 44.21% -39.54% 13.74% -38.75% 126.53% -26.73% 11.48% -9.93% 52.24% -40.21% 26.91%
NOPAT Q/Q Growth		 45.58% -42.86% 31.30% -11.63% 89.21% -40.67% 40.26% -10.18% 25.89% -26.10% 24.18%
Net Income Q/Q Growth		 61.88% -53.28% -58.42% -44.94% 239.08% -49.15% 42.00% -18.31% 61.49% -49.47% 57.75%
EPS Q/Q Growth		 59.38% -53.92% 31.91% -45.16% 238.24% -49.57% 43.10% -18.07% 60.29% -50.46% 61.11%
Operating Cash Flow Q/Q Growth		 -102.03% 511.11% 25.31% 158.31% -123.58% 235.83% -1.97% -2.41% 67.90% -34.07% 36.80%
Free Cash Flow Firm Q/Q Growth		 4.25% -12.24% -43.51% 48.28% 22.88% -36.98% -1.15% -56.20% 9.41% -7.43% -0.35%
Invested Capital Q/Q Growth		 2.20% 2.61% 1.26% 0.04% 2.14% 2.81% 2.12% 2.56% 1.69% 3.28% 1.56%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 63.14% 58.38% 58.39% 65.32% 65.77% 63.49% 58.33% 65.56% 65.54% 61.24% 57.77%
EBITDA Margin		 17.73% 39.96% 41.61% 78.86% 14.52% 45.64% 42.82% 47.24% 48.26% 41.20% 42.74%
Operating Margin		 29.90% 18.94% 21.53% 14.54% 28.95% 22.67% 22.78% 23.21% 28.84% 18.44% 21.03%
EBIT Margin		 32.40% 21.96% 23.28% 16.44% 30.80% 25.03% 24.11% 25.49% 30.83% 20.98% 23.90%
Profit (Net Income) Margin		 24.05% 12.59% 15.32% 9.73% 27.29% 15.38% 18.88% 18.11% 23.22% 13.36% 18.92%
Tax Burden Percent		 98.11% 99.18% 106.76% 161.11% 126.61% 106.38% 128.31% 132.82% 106.84% 140.59% 137.42%
Interest Burden Percent		 75.64% 57.82% 61.67% 36.73% 69.97% 57.79% 61.03% 53.47% 70.51% 45.29% 57.60%
Effective Tax Rate		 1.89% 0.82% -6.76% -61.11% -26.61% -6.38% -28.31% -32.82% -6.84% -40.59% -37.42%
Return on Invested Capital (ROIC)		 8.30% 5.05% 6.12% 6.05% 9.28% 5.96% 7.27% 7.69% 7.78% 6.46% 7.19%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.60% 4.34% 5.18% 4.65% 8.13% 5.04% 6.04% 6.42% 6.84% 5.16% 6.06%
Return on Net Nonoperating Assets (RNNOA)		 9.45% 5.63% 6.61% 6.12% 10.48% 6.73% 8.19% 8.89% 9.39% 7.45% 8.78%
Return on Equity (ROE)		 17.75% 10.68% 12.72% 12.17% 19.76% 12.70% 15.46% 16.58% 17.17% 13.91% 15.96%
Cash Return on Invested Capital (CROIC)		 -1.86% -1.52% -5.18% -0.44% 0.10% 0.09% 0.03% -1.94% -1.83% -1.53% -1.84%
Operating Return on Assets (OROA)		 6.50% 4.27% 4.83% 3.09% 5.59% 4.53% 4.46% 4.64% 5.55% 3.84% 4.43%
Return on Assets (ROA)		 4.83% 2.45% 3.18% 1.83% 4.95% 2.79% 3.49% 3.29% 4.18% 2.44% 3.51%
Return on Common Equity (ROCE)		 17.75% 10.68% 12.72% 12.17% 19.76% 12.70% 15.46% 16.58% 17.17% 13.91% 15.96%
Return on Equity Simple (ROE_SIMPLE)		 16.00% 0.00% 10.24% 9.20% 9.49% 0.00% 10.50% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 316 181 237 209 396 235 330 296 373 276 342
NOPAT Margin		 29.33% 18.78% 22.99% 23.43% 36.66% 24.11% 29.23% 30.82% 30.82% 25.92% 28.90%
Net Nonoperating Expense Percent (NNEP)		 0.70% 0.70% 0.94% 1.41% 1.15% 0.92% 1.24% 1.27% 0.94% 1.29% 1.12%
Return On Investment Capital (ROIC_SIMPLE)		 - 1.11% - - - 1.35% 1.86% 1.61% 1.94% 1.42% 1.78%
Cost of Revenue to Revenue		 36.86% 41.62% 41.61% 34.68% 34.23% 36.51% 41.67% 34.44% 34.46% 38.76% 42.23%
SG&A Expenses to Revenue		 14.86% 18.52% 15.52% 19.80% 16.10% 16.92% 14.18% 17.48% 16.86% 19.57% 15.20%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 33.24% 39.44% 36.86% 50.78% 36.82% 40.82% 35.55% 42.35% 36.69% 42.80% 36.74%
Earnings before Interest and Taxes (EBIT)		 349 211 240 147 333 244 272 245 373 223 283
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 191 384 429 705 157 445 483 454 584 438 506
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.92 2.04 2.05 2.10 2.45 2.37 2.55 2.38 2.60 2.49 2.72
Price to Tangible Book Value (P/TBV)		 1.92 2.04 2.05 2.10 2.45 2.37 2.55 2.38 2.60 2.49 2.72
Price to Revenue (P/Rev)		 3.13 3.43 3.50 3.60 4.30 4.17 4.43 4.10 4.44 4.19 4.57
Price to Earnings (P/E)		 18.74 19.66 19.98 22.85 25.78 24.07 24.27 20.44 23.19 22.58 24.62
Dividend Yield		 3.86% 3.69% 3.71% 3.70% 3.14% 3.27% 3.05% 3.29% 2.99% 3.15% 2.89%
Earnings Yield		 5.34% 5.09% 5.01% 4.38% 3.88% 4.16% 4.12% 4.89% 4.31% 4.43% 4.06%
Enterprise Value to Invested Capital (EV/IC)		 1.41 1.46 1.45 1.47 1.62 1.58 1.65 1.57 1.66 1.60 1.68
Enterprise Value to Revenue (EV/Rev)		 5.20 5.63 5.77 5.88 6.62 6.60 6.87 6.59 6.89 6.68 7.06
Enterprise Value to EBITDA (EV/EBITDA)		 12.77 13.21 13.19 13.65 15.68 15.14 15.66 23.39 20.99 14.88 15.75
Enterprise Value to EBIT (EV/EBIT)		 21.30 21.80 22.04 24.63 28.21 27.27 28.15 24.97 25.97 26.20 27.77
Enterprise Value to NOPAT (EV/NOPAT)		 23.30 24.17 24.22 25.63 26.13 24.77 24.27 21.73 24.04 23.21 24.60
Enterprise Value to Operating Cash Flow (EV/OCF)		 34.46 34.40 23.29 17.46 22.68 22.53 25.28 48.87 65.30 24.94 24.23
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 1,626.39 1,831.63 6,794.08 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.39 1.40 1.42 1.44 1.53 1.49 1.50 1.58 1.63 1.65 1.60
Long-Term Debt to Equity		 1.25 1.21 1.25 1.31 1.33 1.24 1.21 1.35 1.46 1.49 1.48
Financial Leverage		 1.24 1.30 1.28 1.32 1.29 1.34 1.36 1.38 1.37 1.44 1.45
Leverage Ratio		 3.16 3.17 2.92 3.19 3.19 3.19 3.17 3.27 3.32 3.33 3.28
Compound Leverage Factor		 2.39 1.83 1.80 1.17 2.23 1.84 1.93 1.75 2.34 1.51 1.89
Debt to Total Capital		 58.13% 58.39% 58.64% 58.96% 60.51% 59.77% 59.98% 61.28% 62.00% 62.29% 61.47%
Short-Term Debt to Total Capital		 5.66% 7.88% 6.93% 5.17% 8.13% 9.93% 11.56% 9.02% 6.58% 5.97% 4.32%
Long-Term Debt to Total Capital		 52.47% 50.50% 51.71% 53.79% 52.39% 49.84% 48.41% 52.25% 55.41% 56.32% 57.14%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 41.87% 41.61% 41.36% 41.04% 39.49% 40.23% 40.02% 38.72% 38.00% 37.71% 38.53%
Debt to EBITDA		 5.56 5.54 5.55 5.71 6.38 5.99 5.94 9.68 8.50 6.18 5.97
Net Debt to EBITDA		 5.08 5.15 5.18 5.29 5.50 5.58 5.56 8.83 7.47 5.55 5.55
Long-Term Debt to EBITDA		 5.01 4.79 4.90 5.21 5.52 5.00 4.79 8.26 7.59 5.59 5.55
Debt to NOPAT		 10.14 10.14 10.19 10.72 10.62 9.80 9.20 8.99 9.73 9.65 9.33
Net Debt to NOPAT		 9.27 9.43 9.51 9.94 9.17 9.13 8.62 8.20 8.55 8.65 8.67
Long-Term Debt to NOPAT		 9.15 8.77 8.99 9.78 9.20 8.18 7.43 7.67 8.70 8.72 8.67
Altman Z-Score		 1.01 0.98 1.00 0.97 1.08 1.00 1.04 1.00 1.09 1.05 1.14
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.71 0.55 0.56 0.65 0.86 0.44 0.34 0.57 0.83 0.80 0.69
Quick Ratio		 0.36 0.23 0.23 0.27 0.56 0.19 0.13 0.33 0.55 0.49 0.34
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -877 -984 -1,486 -769 -593 -812 -821 -1,283 -1,162 -1,248 -1,253
Operating Cash Flow to CapEx		 0.00% 6.60% 60.20% 60.08% 0.00% 31.17% 42.78% 50.31% 69.98% 32.22% 88.89%
Free Cash Flow to Firm to Interest Expense		 -8.86 -9.38 -13.89 -7.12 -5.20 -6.77 -6.90 -10.35 -9.08 -8.85 -8.82
Operating Cash Flow to Interest Expense		 -0.09 0.35 2.87 7.34 -1.64 2.12 2.09 1.96 3.19 1.91 2.59
Operating Cash Flow Less CapEx to Interest Expense		 2.79 -4.99 -1.90 -4.88 1.83 -4.68 -2.80 -1.94 -1.37 -4.01 -0.32
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.20 0.19 0.21 0.19 0.18 0.18 0.18 0.18 0.18 0.18 0.19
Accounts Receivable Turnover		 8.29 8.13 0.00 9.47 8.36 8.83 10.36 8.94 9.02 9.66 10.30
Inventory Turnover		 5.45 4.84 0.00 4.89 4.66 4.59 5.15 5.08 5.24 5.59 6.16
Fixed Asset Turnover		 0.25 0.24 0.24 0.23 0.23 0.22 0.22 0.22 0.23 0.22 0.22
Accounts Payable Turnover		 2.36 2.28 0.00 2.55 2.66 2.36 3.42 2.71 2.93 2.91 3.68
Days Sales Outstanding (DSO)		 44.02 44.91 0.00 38.54 43.66 41.35 35.22 40.81 40.48 37.78 35.44
Days Inventory Outstanding (DIO)		 66.93 75.35 0.00 74.62 78.25 79.48 70.89 71.83 69.68 65.27 59.26
Days Payable Outstanding (DPO)		 154.92 159.94 0.00 143.29 137.39 154.60 106.88 134.57 124.64 125.62 99.28
Cash Conversion Cycle (CCC)		 -43.97 -39.68 0.00 -30.13 -15.48 -33.77 -0.77 -21.93 -14.48 -22.57 -4.58
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 15,174 15,570 15,818 15,825 16,163 16,617 16,969 17,404 17,698 18,279 18,564
Invested Capital Turnover		 0.28 0.27 0.27 0.26 0.25 0.25 0.25 0.25 0.25 0.25 0.25
Increase / (Decrease) in Invested Capital		 1,193 1,165 1,723 978 989 1,047 1,151 1,579 1,535 1,524 1,595
Enterprise Value (EV)		 21,470 22,667 22,968 23,322 26,262 26,292 28,034 27,320 29,452 29,158 31,211
Market Capitalization		 12,931 13,822 13,944 14,281 17,043 16,606 18,080 17,008 18,973 18,292 20,210
Book Value per Share		 $24.08 $24.05 $26.61 $24.00 $24.61 $24.73 $25.04 $25.20 $25.77 $25.85 $26.16
Tangible Book Value per Share		 $24.08 $24.05 $26.61 $24.00 $24.61 $24.73 $25.04 $25.20 $25.77 $25.85 $26.16
Total Capital		 16,065 16,286 16,484 16,547 17,647 17,410 17,722 18,452 19,228 19,450 19,262
Total Debt		 9,339 9,509 9,667 9,756 10,679 10,406 10,629 11,307 11,921 12,116 11,840
Total Long-Term Debt		 8,429 8,225 8,524 8,900 9,245 8,677 8,580 9,642 10,655 10,954 11,007
Net Debt		 8,539 8,845 9,024 9,041 9,219 9,686 9,954 10,312 10,479 10,866 11,001
Capital Expenditures (CapEx)		 -285 561 510 1,320 -396 815 582 483 583 835 414
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 141 190 235 124 287 117 105 231 123 180 164
Debt-free Net Working Capital (DFNWC)		 347 252 267 216 1,114 198 130 560 876 736 279
Net Working Capital (NWC)		 -563 -1,032 -876 -640 -320 -1,531 -1,919 -1,105 -390 -426 -554
Net Nonoperating Expense (NNE)		 57 60 79 122 101 85 117 122 92 134 118
Net Nonoperating Obligations (NNO)		 8,448 8,793 9,001 9,034 9,195 9,613 9,876 10,259 10,391 10,945 11,142
Total Depreciation and Amortization (D&A)		 -158 173 189 558 -176 201 211 209 211 215 223
Debt-free, Cash-free Net Working Capital to Revenue		 3.42% 4.72% 5.90% 3.13% 7.23% 2.94% 2.57% 5.57% 2.88% 4.13% 3.71%
Debt-free Net Working Capital to Revenue		 8.41% 6.26% 6.71% 5.45% 28.08% 4.97% 3.19% 13.51% 20.50% 16.87% 6.32%
Net Working Capital to Revenue		 -13.65% -25.63% -22.00% -16.15% -8.07% -38.46% -47.06% -26.66% -9.12% -9.77% -12.54%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.02 $0.47 $0.62 $0.34 $1.15 $0.58 $0.83 $0.68 $1.09 $0.55 $0.87
Adjusted Weighted Average Basic Shares Outstanding		 253.50M 253M 256.20M 256.40M 256.60M 256.50M 256.80M 256.90M 257M 257M 257.40M
Adjusted Diluted Earnings per Share		 $1.02 $0.47 $0.62 $0.34 $1.15 $0.58 $0.83 $0.68 $1.09 $0.54 $0.87
Adjusted Weighted Average Diluted Shares Outstanding		 253.80M 253.30M 256.50M 256.70M 256.90M 256.80M 257.20M 257.30M 257.80M 257.80M 258.80M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 281.79M 282.71M 282.99M 283.11M 283.21M 283.30M 283.48M 283.58M 283.66M 283.75M 284.88M
Normalized Net Operating Profit after Tax (NOPAT)		 316 181 155 133 219 155 180 156 244 137 174
Normalized NOPAT Margin		 29.33% 18.78% 15.07% 14.88% 20.27% 15.87% 15.95% 16.24% 20.19% 12.91% 14.72%
Pre Tax Income Margin		 24.51% 12.70% 14.36% 6.04% 21.55% 14.46% 14.72% 13.63% 21.74% 9.50% 13.77%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.53 2.01 2.24 1.36 2.92 2.03 2.29 1.98 2.91 1.58 1.99
NOPAT to Interest Expense		 3.19 1.72 2.22 1.94 3.48 1.96 2.77 2.39 2.91 1.95 2.41
EBIT Less CapEx to Interest Expense		 6.40 -3.33 -2.52 -10.86 6.39 -4.76 -2.61 -1.92 -1.64 -4.34 -0.92
NOPAT Less CapEx to Interest Expense		 6.07 -3.62 -2.55 -10.28 6.95 -4.83 -2.12 -1.51 -1.64 -3.97 -0.51
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 38.85% 64.86% 66.76% 70.72% 73.22% 71.30% 66.98% 37.14% 62.84% 64.32% 64.31%
Augmented Payout Ratio		 38.85% 64.86% 66.76% 70.72% 73.22% 71.30% 66.98% 37.14% 62.84% 64.32% 64.31%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, reader-friendly summary of Alliant Energy (LNT) based on the latest four years of quarterly statements (Q1–Q4 for 2022, 2023, 2024, and 2025). The focus is on trends in income, cash flow, and balance sheet positions that could inform a retail investor’s view of the stock’s fundamental direction.

  • Robust operating cash flow: Net cash from continuing operating activities has been solid across many quarters, including about $408 million in Q3 2025 and roughly $789 million in Q2 2024, indicating meaningful cash generation that can support capital investments and dividends.
  • Steady, shareholder-friendly dividends: Quarterly cash dividends per share are consistently around $0.50 (for example, $0.5075 in Q1 2025 and similar levels in other quarters), suggesting reliable income for investors.
  • Asset base expanding: Total assets rose from about $21.24 billion in 2024 Q4 to approximately $24.63 billion by 2025 Q3, reflecting ongoing capital investments and growth in infrastructure and facilities.
  • Solid equity and retained earnings: Total common equity sits around $7.3 billion in 2025 Q3, with total equity broadly in the same vicinity, signaling a strengthening balance sheet supported by retained earnings.
  • Significant capital expenditure: Property, plant & equipment purchases run at a high level each quarter (roughly $480–$835 million in recent quarters), indicating continued investment in infrastructure that supports long-term utility operations.
  • Earnings per share show seasonality: Diluted EPS has varied by quarter (for example, around $1.09 in some Q3 periods, and roughly $0.54–$0.68 in others), suggesting quarterly volatility tied to regulatory, pricing, or capex timing rather than a straight-up secular trend.
  • Active debt financing: The company has issued debt in multiple quarters (e.g., about $1.01 billion in Q3 2025 and around $1.21 billion in Q3 2024) to fund capex and liquidity needs, indicating flexibility but also leverage to support growth.
  • Near-term cash balance pressure from capex: Net change in cash and equivalents can be negative in some quarters (for example, about -$53 million in Q4 2025) as capex and working-capital needs outpace cash inflows in the short term.
  • Significant investing cash outflows: Net cash from investing activities is often negative due to PPE investments and other long-term assets (for example, Q3 2025 investing outflows around -$711 million and Q4 2025 around -$291 million), which can constrain immediate liquidity if not offset by operating cash flow or financing activity.
  • Leverage levels remain elevated: Long-term debt has been substantial and rose toward about $10.66 billion by 2025 Q3, highlighting ongoing leverage that could expose the company to higher interest costs if rates rise or if regulatory pricing dynamics tighten.
05/14/26 05:54 AM ETAI Generated. May Contain Errors.

Alliant Energy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Alliant Energy's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Alliant Energy's net income appears to be on an upward trend, with a most recent value of $810 million in 2025, rising from $388.40 million in 2015. The previous period was $690 million in 2024. View Alliant Energy's forecast to see where analysts expect Alliant Energy to go next.

Alliant Energy's total operating income in 2025 was $1.03 billion, based on the following breakdown:
  • Total Gross Profit: $2.73 billion
  • Total Operating Expenses: $1.71 billion

Over the last 10 years, Alliant Energy's total revenue changed from $3.25 billion in 2015 to $4.36 billion in 2025, a change of 34.1%.

Alliant Energy's total liabilities were at $17.53 billion at the end of 2025, a 12.1% increase from 2024, and a 2,150.1% increase since 2015.

In the past 10 years, Alliant Energy's cash and equivalents has ranged from $0.00 in 2015 to $556 million in 2025, and is currently $556 million as of their latest financial filing in 2025.

Over the last 10 years, Alliant Energy's book value per share changed from 26.59 in 2015 to 25.85 in 2025, a change of -2.8%.


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Financial statements for NASDAQ:LNT last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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