Alliant Energy Corp Financials

LNT

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 46/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Alliant Energy Corp has an operating margin of 22.3%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 23.4% the prior year.

Growth

Alliant Energy Corp's revenue declined 1.1% year-over-year, from $4.0B to $4.0B. This contraction results in a growth score of 25/100.

Leverage

Alliant Energy Corp carries a low D/E ratio of 1.24, meaning only $1.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 65/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Alliant Energy Corp's current ratio of 0.44 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Returns

Alliant Energy Corp's ROE of 9.8% shows moderate profitability relative to equity, earning a score of 39/100. This is down from 10.4% the prior year.

Altman Z-Score Distress

1.17

Alliant Energy Corp scores 1.17, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($18.3B) relative to total liabilities ($15.7B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

4/9

Alliant Energy Corp passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.69x

For every $1 of reported earnings, Alliant Energy Corp generates $1.69 in operating cash flow ($1.2B OCF vs $690.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

2.0x

Alliant Energy Corp earns $2.0 in operating income for every $1 of interest expense ($886.0M vs $449.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Alliant Energy Corp (LNT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

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Key Financial Metrics

Revenue

$4.0B

YoY-1.1%

5Y CAGR+1.8%

10Y CAGR+1.7%

Alliant Energy Corp generated $4.0B in revenue in fiscal year 2024. This represents a decrease of 1.1% from the prior year.

EBITDA

$1.7B

YoY+2.4%

5Y CAGR+4.3%

10Y CAGR+5.9%

Alliant Energy Corp's EBITDA was $1.7B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.4% from the prior year.

Free Cash Flow

N/A

Net Income

$690.0M

YoY-1.8%

5Y CAGR+4.0%

10Y CAGR+5.8%

Alliant Energy Corp reported $690.0M in net income in fiscal year 2024. This represents a decrease of 1.8% from the prior year.

EPS (Diluted)

$2.69

YoY-3.2%

5Y CAGR+2.9%

Alliant Energy Corp earned $2.69 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 3.2% from the prior year.

Cash & Debt

$81.0M

YoY+30.6%

5Y CAGR+38.3%

10Y CAGR+3.6%

Alliant Energy Corp held $81.0M in cash against $8.7B in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.92

YoY+6.1%

5Y CAGR+6.2%

10Y CAGR+6.5%

Alliant Energy Corp paid $1.92 per share in dividends in fiscal year 2024. This represents an increase of 6.1% from the prior year.

Shares Outstanding

257M

YoY+0.2%

5Y CAGR+0.9%

10Y CAGR+8.8%

Alliant Energy Corp had 257M shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.

Gross Margin

84.6%

YoY-0.9pp

5Y CAGR-2.2pp

Alliant Energy Corp's gross margin was 84.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the prior year.

Operating Margin

22.3%

YoY-1.2pp

5Y CAGR+0.9pp

10Y CAGR+6.0pp

Alliant Energy Corp's operating margin was 22.3% in fiscal year 2024, reflecting core business profitability. This is down 1.2 percentage points from the prior year.

Net Margin

17.3%

YoY-0.1pp

5Y CAGR+1.8pp

10Y CAGR+5.6pp

Alliant Energy Corp's net profit margin was 17.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.1 percentage points from the prior year.

Return on Equity

9.8%

YoY-0.5pp

5Y CAGR-1.0pp

10Y CAGR-1.6pp

Alliant Energy Corp's ROE was 9.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

LNT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$4.0B-1.1%	$4.0B-4.2%	$4.2B+14.6%	$3.7B+7.4%	$3.4B-6.4%	$3.6B
Cost of Revenue	$613.0M+5.1%	$583.0M+1.7%	$573.0M+6.7%	$537.0M+19.6%	$449.0M-6.7%	$481.0M
Gross Profit	$3.4B-2.2%	$3.4B-5.2%	$3.6B+16.0%	$3.1B+5.6%	$3.0B-6.3%	$3.2B
R&D Expenses	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
Operating Income	$886.0M-6.0%	$943.0M+1.6%	$928.0M+16.7%	$795.0M+7.4%	$740.0M-4.9%	$778.0M
Interest Expense	$449.0M+14.0%	$394.0M+21.2%	$325.0M+17.3%	$277.0M+0.7%	$275.0M+0.7%	$273.0M
Income Tax	-$114.0M-2950.0%	$4.0M-81.8%	$22.0M+129.7%	-$74.0M-29.8%	-$57.0M-182.6%	$69.0M
Net Income	$690.0M-1.8%	$703.0M+2.5%	$686.0M+1.8%	$674.0M+8.0%	$624.0M+10.1%	$567.0M
EPS (Diluted)	$2.69-3.2%	$2.78+1.8%	$2.73+3.8%	$2.63+6.5%	$2.47+6.0%	$2.33

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$1.2B+25.9%	$961.0M-14.8%	$1.1B+15.7%	$975.0M+9.1%	$894.0M-13.3%	$1.0B+7.3%	$961.0M-10.8%	$1.1B
Cost of Revenue	$166.0M+9.9%	$151.0M-4.4%	$158.0M+6.0%	$149.0M+1.4%	$147.0M-3.3%	$152.0M+4.8%	$145.0M-5.8%	$154.0M
Gross Profit	$1.0B+28.9%	$810.0M-16.5%	$970.0M+17.4%	$826.0M+10.6%	$747.0M-15.0%	$879.0M+7.7%	$816.0M-11.6%	$923.0M
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	$349.0M+56.5%	$223.0M-13.2%	$257.0M+16.3%	$221.0M+70.0%	$130.0M-41.4%	$222.0M+22.0%	$182.0M-43.5%	$322.0M
Interest Expense	$128.0M+3.2%	$124.0M+4.2%	$119.0M-0.8%	$120.0M+11.1%	$108.0M+0.9%	$107.0M+1.9%	$105.0M+6.1%	$99.0M
Income Tax	-$18.0M+58.1%	-$43.0M+8.5%	-$47.0M-422.2%	-$9.0M+72.7%	-$33.0M-230.0%	-$10.0M-1100.0%	$1.0M-80.0%	$5.0M
Net Income	$281.0M+61.5%	$174.0M-18.3%	$213.0M+42.0%	$150.0M+72.4%	$87.0M-44.9%	$158.0M+30.6%	$121.0M-53.3%	$259.0M
EPS (Diluted)	$1.09+60.3%	$0.68-18.1%	$0.83+43.1%	$0.58+70.6%	$0.34-45.2%	$0.62+31.9%	$0.47-53.9%	$1.02

LNT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$22.7B+7.0%	$21.2B+5.3%	$20.2B+8.7%	$18.6B+4.8%	$17.7B+6.0%	$16.7B
Current Assets	$1.2B-6.9%	$1.3B+1.8%	$1.3B+16.9%	$1.1B+20.5%	$887.0M+1.3%	$876.0M
Cash & Equivalents	$81.0M+30.6%	$62.0M+210.0%	$20.0M-48.7%	$39.0M-27.8%	$54.0M+237.5%	$16.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$427.0M-10.1%	$475.0M-7.9%	$516.0M+17.3%	$440.0M+6.8%	$412.0M+2.5%	$402.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$15.7B+8.6%	$14.5B+4.1%	$13.9B+10.5%	$12.6B+4.5%	$12.0B+4.6%	$11.5B
Current Liabilities	$2.7B+17.8%	$2.3B-2.5%	$2.4B+15.0%	$2.1B+58.4%	$1.3B-36.9%	$2.1B
Long-Term Debt	$8.7B+5.5%	$8.2B+7.3%	$7.7B+13.9%	$6.7B-0.5%	$6.8B+22.3%	$5.5B
Total Equity	$7.0B+3.3%	$6.8B+8.0%	$6.3B+4.8%	$6.0B+5.3%	$5.7B+9.3%	$5.2B
Retained Earnings	$4.0B+5.3%	$3.8B+7.0%	$3.5B+8.0%	$3.3B+8.6%	$3.0B+8.2%	$2.8B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$24.6B+3.7%	$23.8B+3.9%	$22.9B+0.6%	$22.7B+4.0%	$21.8B+2.8%	$21.2B+0.1%	$21.2B+1.6%	$20.9B
Current Assets	$1.8B+25.1%	$1.5B+52.1%	$969.0M-18.2%	$1.2B-2.5%	$1.2B+9.6%	$1.1B-12.9%	$1.3B-7.3%	$1.4B
Cash & Equivalents	$503.0M+52.9%	$329.0M+1216.0%	$25.0M-69.1%	$81.0M-12.0%	$92.0M+187.5%	$32.0M-48.4%	$62.0M-69.9%	$206.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$485.0M-6.4%	$518.0M+43.5%	$361.0M-15.5%	$427.0M+4.4%	$409.0M-4.0%	$426.0M-10.3%	$475.0M-2.3%	$486.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$17.3B+4.3%	$16.6B+5.4%	$15.8B+0.3%	$15.7B+4.4%	$15.0B+4.3%	$14.4B-0.2%	$14.5B+2.0%	$14.2B
Current Liabilities	$2.2B-13.4%	$2.6B-10.7%	$2.9B+6.4%	$2.7B+46.4%	$1.9B-6.6%	$2.0B-13.9%	$2.3B+19.1%	$1.9B
Long-Term Debt	$10.7B+10.5%	$9.6B+12.4%	$8.6B-1.1%	$8.7B-2.5%	$8.9B+4.4%	$8.5B+3.6%	$8.2B-2.4%	$8.4B
Total Equity	$7.3B+2.3%	$7.1B+0.7%	$7.1B+1.3%	$7.0B+3.1%	$6.8B-0.4%	$6.8B+0.6%	$6.8B+0.8%	$6.7B
Retained Earnings	$4.2B+3.7%	$4.1B+1.1%	$4.0B+2.1%	$4.0B+5.3%	$3.8B-0.9%	$3.8B+0.9%	$3.8B+0.2%	$3.8B

LNT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$1.2B+34.6%	$867.0M+78.4%	$486.0M-16.5%	$582.0M+16.2%	$501.0M-24.1%	$660.0M
Capital Expenditures	N/A	N/A	$1.5B+26.9%	$1.2B-14.4%	$1.4B-16.7%	$1.6B
Free Cash Flow	N/A	N/A	-$998.0M-70.0%	-$587.0M+32.1%	-$865.0M+11.7%	-$980.0M
Investing Cash Flow	-$1.5B-10.4%	-$1.4B-50.2%	-$933.0M-28.2%	-$728.0M+23.4%	-$951.0M+26.1%	-$1.3B
Financing Cash Flow	$398.0M-30.5%	$573.0M+32.9%	$431.0M+231.5%	$130.0M-73.4%	$488.0M-21.2%	$619.0M
Dividends Paid	$492.0M+7.9%	$456.0M+6.5%	$428.0M+6.2%	$403.0M+6.9%	$377.0M+11.9%	$337.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$408.0M+67.9%	$243.0M-2.4%	$249.0M-2.0%	$254.0M-0.4%	$255.0M-16.9%	$307.0M+25.3%	$245.0M-21.2%	$311.0M
Capital Expenditures	$511.0M+21.1%	$422.0M-23.8%	$554.0M+35.1%	$410.0M+4.6%	$392.0M-18.0%	$478.0M	N/A	$443.0M
Free Cash Flow	-$103.0M+42.5%	-$179.0M+41.3%	-$305.0M-416.9%	-$59.0M+56.9%	-$137.0M+19.9%	-$171.0M	N/A	-$132.0M
Investing Cash Flow	-$711.0M-45.1%	-$490.0M-21.3%	-$404.0M+33.4%	-$607.0M-237.2%	-$180.0M+49.0%	-$353.0M+21.4%	-$449.0M+4.5%	-$470.0M
Financing Cash Flow	$477.0M-13.4%	$551.0M+456.6%	$99.0M+125.0%	-$396.0M-2229.4%	-$17.0M-194.4%	$18.0M-69.0%	$58.0M-83.6%	$354.0M
Dividends Paid	$130.0M-0.8%	$131.0M+0.8%	$130.0M+5.7%	$123.0M0.0%	$123.0M0.0%	$123.0M+7.0%	$115.0M0.0%	$115.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LNT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	84.6%-0.9pp	85.5%-0.9pp	86.4%+1.0pp	85.4%-1.5pp	86.9%+0.1pp	86.8%
Operating Margin	22.3%-1.2pp	23.4%+1.3pp	22.1%+0.4pp	21.7%+0.0pp	21.7%+0.3pp	21.3%
Net Margin	17.3%-0.1pp	17.5%+1.2pp	16.3%-2.1pp	18.4%+0.1pp	18.3%+2.7pp	15.5%
Return on Equity	9.8%-0.5pp	10.4%-0.6pp	10.9%-0.3pp	11.3%+0.3pp	11.0%+0.1pp	10.9%
Return on Assets	3.0%-0.3pp	3.3%-0.1pp	3.4%-0.2pp	3.6%+0.1pp	3.5%+0.1pp	3.4%
Current Ratio	0.44-0.1	0.55+0.0	0.530.0	0.52-0.2	0.68+0.3	0.43
Debt-to-Equity	1.24+0.0	1.210.0	1.22+0.1	1.12-0.1	1.19+0.1	1.06
FCF Margin	N/A	N/A	-23.7%-7.7pp	-16.0%+9.3pp	-25.3%+1.5pp	-26.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	86.3%+2.0pp	84.3%-1.7pp	86.0%+1.3pp	84.7%+1.2pp	83.6%-1.7pp	85.3%+0.4pp	84.9%-0.8pp	85.7%
Operating Margin	28.8%+5.6pp	23.2%+0.4pp	22.8%+0.1pp	22.7%+8.1pp	14.5%-7.0pp	21.5%+2.6pp	18.9%-11.0pp	29.9%
Net Margin	23.2%+5.1pp	18.1%-0.8pp	18.9%+3.5pp	15.4%+5.6pp	9.7%-5.6pp	15.3%+2.7pp	12.6%-11.5pp	24.1%
Return on Equity	3.9%+1.4pp	2.4%-0.6pp	3.0%+0.9pp	2.1%+0.9pp	1.3%-1.0pp	2.3%+0.5pp	1.8%-2.1pp	3.9%
Return on Assets	1.1%+0.4pp	0.7%-0.2pp	0.9%+0.3pp	0.7%+0.3pp	0.4%-0.3pp	0.7%+0.2pp	0.6%-0.7pp	1.2%
Current Ratio	0.83+0.3	0.57+0.2	0.34-0.1	0.44-0.2	0.65+0.1	0.560.0	0.55-0.2	0.71
Debt-to-Equity	1.46+0.1	1.35+0.1	1.21-0.0	1.24-0.1	1.31+0.1	1.25+0.0	1.21-0.0	1.25
FCF Margin	-8.5%+10.1pp	-18.6%+8.4pp	-27.0%-21.6pp	-5.5%+9.9pp	-15.3%+1.3pp	-16.6%	N/A	-12.3%

Note: The current ratio is below 1.0 (0.44), 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 $4.0B in total revenue for fiscal year 2024. This represents a -1.1% 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 declined by 1.1% year-over-year, from $4.0B to $4.0B in fiscal year 2024.

Is Alliant Energy Corp profitable?

Yes, Alliant Energy Corp (LNT) reported a net income of $690.0M in fiscal year 2024, with a net profit margin of 17.3%.

What is Alliant Energy Corp's earnings per share (EPS)?

Alliant Energy Corp (LNT) reported diluted earnings per share of $2.69 for fiscal year 2024. This represents a -3.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Alliant Energy Corp's EBITDA?

Alliant Energy Corp (LNT) had EBITDA of $1.7B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Alliant Energy Corp have?

As of fiscal year 2024, Alliant Energy Corp (LNT) had $81.0M in cash and equivalents against $8.7B in long-term debt.

What is Alliant Energy Corp's gross margin?

Alliant Energy Corp (LNT) had a gross margin of 84.6% in fiscal year 2024, 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 22.3% in fiscal year 2024, 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 17.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Alliant Energy Corp pay dividends?

Yes, Alliant Energy Corp (LNT) paid $1.92 per share in dividends during fiscal year 2024.

What is Alliant Energy Corp's return on equity (ROE)?

Alliant Energy Corp (LNT) has a return on equity of 9.8% for fiscal year 2024, 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 2024, representing cash generated from core business activities.

What are Alliant Energy Corp's total assets?

Alliant Energy Corp (LNT) had $22.7B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Alliant Energy Corp have outstanding?

Alliant Energy Corp (LNT) had 257M shares outstanding as of fiscal year 2024.

What is Alliant Energy Corp's current ratio?

Alliant Energy Corp (LNT) had a current ratio of 0.44 as of fiscal year 2024, 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 1.24 as of fiscal year 2024, 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 3.0% for fiscal year 2024, 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 1.17, 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 4 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 7–9 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 1.69x, 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 struggle to 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 46 out of 100 on our Financial Profile, indicating moderate 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.