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Regulated electric and gas utility serving Iowa and Wisconsin.
Regulated electric and gas utility serving Iowa and Wisconsin.
Earns a return approved by regulators in Iowa and Wisconsin on the value of the generation and grid it has built, with fuel and purchased-power costs largely passed through, so rate-base growth drives earnings. It is retiring coal plants and building wind, solar and storage, and sold off its international and non-utility ventures from the 2000s to focus on the two utilities.
Moat: narrow (regulatory licence, scale). Regulated state monopoly territories under cost-of-service rate recovery.
Headquarters: Madison, Wisconsin, US · Founded: 1917 · Employees: 2,948
Size Alliant Energy (LNT) is a United States Utilities company (Electric Utilities) with a market value of $18.8B, the 512th largest of 3,117 United States companies the cockpit tracks. Shares closed at $72.67 on 6 Nov 2026.
Performance Over six months the shares gained 1.3%, against +1.2% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 5.4% over the last twelve months (peer median +2.6%); the operating margin is 22.6% (peer median 18.3%).
Valuation It trades at 20.8× forward earnings against a peer median of 17.8× (6th most expensive of 20).
Capital Return on invested capital runs 2.6 points below its cost of capital (6.6% WACC).
Credit Alliant Energy has 20 bonds outstanding ($7.10B), rated A- by the agencies and trading like A- at a weighted spread of 78 bp.
Short interest Short interest is 10.6% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.50B | $4.36B | $3.98B | $4.03B | $4.21B |
| Revenue growth | — | +10% | -1% | -4% | — |
| Gross profit | $1.15B | $1.15B | $1.10B | $1.06B | $1.04B |
| EBITDA | $1.90B | $1.87B | $1.77B | $1.62B | $1.60B |
| Net income | $934M | $810M | $690M | $703M | $686M |
| Free cash flow | -$1.46B | -$1.31B | -$1.08B | -$987M | -$998M |
| Capital expenditure | $2.64B | $2.48B | $2.25B | $1.85B | $1.48B |
| Total debt | $12.6B | $12.3B | $10.6B | $9.70B | $8.87B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Alliant Energy LNT | $18.8B | +1% | +5% | 23% | 20.8× | n/a |
| WEC Energy WEC | $38.1B | +5% | +8% | 25% | 21.6× | n/a |
| Xcel Energy XEL | $51.1B | +1% | +4% | 22% | 18.1× | n/a |
| Ameren AEE | $31.2B | +4% | +4% | 25% | 20.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LNT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.9% | +5.8% | 2nd highest of 21 |
| 6-month return | +1.3% | +1.2% | 11th highest of 21 |
| Distance from 52-week high | -7.8% | -10.7% | 8th highest of 21 |
| Revenue growth (TTM) | +5.4% | +2.6% | 9th highest of 21 |
| Operating margin | 22.6% | 18.3% | 9th highest of 21 |
| Forward P/E | 20.8× | 17.8× | 6th most expensive of 20 |
| ROIC minus cost of capital | -2.6 pp | -1.5 pp | 8th lowest of 21 |
| EV / EBITDA | 16.5× | 12.5× | 3rd most expensive of 14 |
| Net debt / EBITDA | 6.6× | 5.0× | 4th most indebted of 17 |
| Bond spread | 78 bp | 81 bp | 5th tightest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Alliant Energy LNT | United States | $18.8B | +1% | +5% | 23% | 20.8× | n/a | n/a |
| Adani Energy Solutions ADANIENSOL.NS | India | $18.9B | +5% | +33% | 25% | 37.4× | n/a | n/a |
| SDIC Power 600886.SS | China | $19.0B | +16% | -3% | 32% | 17.5× | -1.6% | +6.5% |
| NRG Energy NRG | United States | $18.6B | -36% | +13% | 5% | 9.0× | 15.4% | +27.9% |
| Power Assets 0006.HK | Hong Kong | $17.8B | +3% | -12% | 50% | 21.0× | 35.8% | -9.5% |
| Evergy EVRG | United States | $20.2B | +8% | +4% | 26% | 19.4× | n/a | n/a |
| Kansai Electric Power 9503.T | Japan | $17.3B | +2% | +2% | 6% | 8.2× | 11.0% | +5.6% |
| Uniper UN0.DE | Germany | $20.6B | 0% | -14% | -8% | 33.3× | 1.7% | +3.6% |
| Cki 1038.HK | Hong Kong | $21.6B | +9% | -9% | -3% | 7.1× | -0.9% | -9.3% |
| Huaneng Power International 600011.SS | China | $16.4B | +9% | -5% | 9% | 13.5× | -2.1% | +6.2% |
| CMS Energy CMS | United States | $21.7B | -5% | +8% | 20% | 17.1× | n/a | n/a |
| Terna TRN.MI | Italy | $22.0B | -2% | +11% | 42% | 17.8× | n/a | n/a |
| Emera EMA.TO | Canada | $15.7B | 0% | +11% | 19% | 20.2× | n/a | n/a |
| Edison International EIX | United States | $22.8B | -14% | +3% | 27% | 9.2× | n/a | n/a |
| Fortum FORTUM.HE | Finland | $23.3B | +15% | +14% | 17% | 23.4× | 9.2% | -36.7% |
| ENBW Energie Baden-Wuerttemberg EBK.DE | Germany | $24.2B | -3% | +9% | 5% | n/a | 5.2% | +11.8% |
| Hydro One H.TO | Canada | $24.7B | -2% | +9% | 24% | 24.5× | n/a | n/a |
| Kepco 015760.KS | South Korea | $14.4B | -30% | +2% | 13% | 4.5× | -1.9% | +10.7% |
| GD Power Development 600795.SS | China | $14.4B | +13% | -1% | 9% | 19.2× | -0.4% | +3.4% |
| Power Grid Corporation of India POWERGRID.NS | India | $25.6B | -17% | +3% | 55% | 14.4× | n/a | n/a |
| Clp 0002.HK | Hong Kong | $26.1B | +7% | -2% | 16% | 17.9× | 1.6% | +2.0% |
Alliant Energy has 20 bonds outstanding with $7.10B face value. The agencies rate it A-; its bonds trade like A-. Weighted yield 5.57%, a spread of 78 bp over government bonds.