LNT

MKT CAP:$19B

Alliant Energy Corporation

Market Cap

$19B

Utilities·Regulated Electric·🇺🇸 United States·NASDAQ

Utilities·Regulated Electric·🇺🇸·NASDAQ

Stock Price

$72.31+$6.72 (+10.25%)

Apr 24, 2026

Company Details

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The c...

CEO

Lisa Barton

IPO Date

Jan 5, 1988

Website

www.alliantenergy.com

Key Metrics TTM

Revenue

$4.4B

+9.6% YoY

Net Income

$810M

EPS (Diluted)

$3.15

Free Cash Flow

-$1.3B

Revenue / Share

$16.86

Gross Margin

40.1%

Operating Margin

23.5%

Net Margin

18.6%

FCF Margin

-30.1%

P/S

4.3x

P/E

23.1x

Earnings Reports

Q1 2026

Apr 30, 2026

PENDING

FY 2025

Feb 20, 2026

$4.4B+9.6%EPS $3.14

Q4 2025

Feb 20, 2026

$1.1B+9.0%EPS $0.55

Q3 2025

Nov 7, 2025

$1.2B+11.9%EPS $1.09

Q2 2025

Aug 8, 2025

$961M+7.5%EPS $0.68

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$927M	$321M	$132M
Q1 22	$1.1B	$441M	$248M
Q2 22	$943M	$405M	$212M
Q3 22	$1.1B	$506M	$309M
Q1 23	$1.1B	$419M	$222M
Q2 23	$912M	$412M	$217M
Q3 23	$1.1B	$520M	$322M
Q4 23	$961M	$384M	$183M
Q1 24	$1.0B	$442M	$222M
Q2 24	$894M	$347M	$130M
Q3 24	$1.1B	$537M	$313M
Q4 24	$976M	$454M	$221M
Q1 25	$1.1B	$498M	$257M
Q2 25	$961M	$254M	$223M
Q3 25	$1.2B	$550M	$349M
Q4 25	$1.1B	$447M	$196M

Valuation

Quarter	P/S	P/E
Q4 21	5.1x	27.7x
Q1 22	4.9x	27.0x
Q2 22	4.7x	26.5x
Q3 22	4.6x	27.8x
Q1 23	4.4x	25.2x
Q2 23	4.6x	26.4x
Q3 23	4.5x	23.1x
Q4 23	4.6x	26.6x
Q1 24	4.7x	26.8x
Q2 24	4.7x	29.9x
Q3 24	4.7x	28.3x
Q4 24	4.7x	27.1x
Q1 25	4.6x	25.1x
Q2 25	4.5x	22.5x
Q3 25	4.4x	22.9x
Q4 25	4.3x	23.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$105M	-$232M
Q1 22	$251M	-$79M
Q2 22	$49M	-$214M
Q3 22	$185M	-$164M
Q1 23	$188M	-$263M
Q2 23	$123M	-$246M
Q3 23	$311M	-$162M
Q4 23	$245M	-$316M
Q1 24	$307M	-$203M
Q2 24	$255M	-$195M
Q3 24	$351M	-$123M
Q4 24	$254M	-$561M
Q1 25	$249M	-$333M
Q2 25	$243M	-$240M
Q3 25	$408M	$1.5B
Q4 25	$269M	-$2.2B

Capital Expenditures

Quarter	CapEx
Q4 21	$337M
Q1 22	$330M
Q2 22	$263M
Q3 22	$349M
Q1 23	$451M
Q2 23	$369M
Q3 23	$473M
Q4 23	$561M
Q1 24	$510M
Q2 24	$450M
Q3 24	$474M
Q4 24	$815M
Q1 25	$582M
Q2 25	$483M
Q3 25	$1.1B
Q4 25	$2.5B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+13.5%	+12.8%
Q1 22	+18.5%	+16.6%
Q2 22	+15.4%	+14.0%
Q3 22	+10.8%	+12.4%
Q1 23	+16.2%	+7.5%
Q2 23	-14.6%	-15.2%
Q3 23	+14.2%	+3.3%
Q4 23	-15.3%	-5.8%
Q1 24	-4.3%	-5.4%
Q2 24	-2.0%	+9.9%
Q3 24	+0.4%	+1.7%
Q4 24	+1.6%	-3.0%
Q1 25	+9.4%	+7.7%
Q2 25	+7.5%	-3.4%
Q3 25	+11.9%	+12.1%
Q4 25	+9.0%	+15.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q4 21	$9M

Revenue Segments

Quarter	Utility Business	Electric	Gas	Other Segments	Other Utility
Q1 22	$1.0B	—	—	—	—
Q2 22	$919M	—	—	—	—
Q3 22	$1.1B	—	—	—	—
Q1 23	$1.1B	—	—	—	—
Q2 23	$889M	—	—	—	—
Q3 23	—	$995M	$47M	$22M	$13M
Q1 24	—	$791M	$205M	$22M	$13M
Q2 24	—	$789M	$69M	$26M	$10M
Q3 24	—	$999M	$49M	—	$12M
Q4 24	—	$793M	$142M	—	$19M
Q1 25	—	$853M	$240M	—	$13M
Q2 25	—	$851M	$76M	—	$11M
Q3 25	—	$1.1B	$51M	—	$12M
Q4 25	—	$869M	$158M	—	$15M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$67M	$0	$67M
Q2 22	$19M	$0	$19M
Q3 22	$344M	$0	$344M
Q4 22	$20M	$0	$20M
Q1 23	$157M	$0	$157M
Q2 23	$13M	$0	$13M
Q3 23	$206M	$0	$206M
Q4 23	$62M	$0	$62M
Q1 24	$32M	$0	$32M
Q2 24	$92M	$0	$92M
Q3 24	$827M	$0	$827M
Q4 24	$81M	$0	$81M
Q1 25	$25M	$0	$25M
Q2 25	$329M	$0	$329M
Q3 25	$503M	$250M	$753M
Q4 25	$556M	$0	$556M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	251M	+0.1%	+0.3%
Q1 22	251M	-0.1%	+0.2%
Q2 22	251M	+0.1%	+0.2%
Q3 22	251M	+0.1%	+0.2%
Q1 23	251M	+0.0%	+0.1%
Q2 23	252M	+0.2%	+0.4%
Q3 23	254M	+0.8%	+1.1%
Q4 23	256M	+0.9%	+1.9%
Q1 24	256M	+0.1%	+1.9%
Q2 24	257M	+0.2%	+1.9%
Q3 24	257M	+0.1%	+1.2%
Q4 24	257M	+0.1%	+0.5%
Q1 25	257M	0.0%	+0.4%
Q2 25	257M	+0.0%	+0.2%
Q3 25	258M	+0.2%	+0.4%
Q4 25	259M	+0.4%	+0.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$279.8K	3K
Q1 22	$322.4K	3K
Q2 22	$284.6K	3K
Q3 22	$342.6K	3K
Q1 23	$633.5K	2K
Q2 23	$536.5K	2K
Q3 23	$633.5K	2K
Q4 23	$292.9K	3K
Q1 24	$314.2K	3K
Q2 24	$272.5K	3K
Q3 24	$329.5K	3K
Q4 24	$325.6K	3K
Q1 25	$376.3K	3K
Q2 25	$320.5K	3K
Q3 25	$403.6K	3K
Q4 25	$625.9K	2K

Revenue / Employee