Alliant Energy Corporation (LNT) 10-Year Financial Performance & Capital Metrics

LNT • • Utilities

UtilitiesElectric UtilitiesMulti-Utility CompaniesDual Electric & Gas Utilities

AboutAlliant 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 company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa. Alliant Energy Corporation, through its other subsidiary, Wisconsin Power and Light Company (WPL), generates and distributes electricity, and distributes and transports natural gas to retail customers in Wisconsin; and sells electricity to wholesale customers in Wisconsin. As of December 31, 2021, IPL supplied electric and natural gas service to approximately 500,000 and 225,000 retail customers respectively; and WPL supplied electric and natural gas service to approximately 485,000 and 200,000 retail customers, respectively. It serves retail customers in the farming, agriculture, industrial manufacturing, chemical, and packaging and food industries. In addition, the company owns and operates a short-line rail freight service in Iowa; a barge, rail, and truck freight terminal on the Mississippi River; and a rail-served warehouse in Iowa, as well as offers freight brokerage services. Further, it holds interests in a 347 megawatt (MW) natural gas-fired electric generating unit near Sheboygan Falls, Wisconsin; and a 225 MW wind farm located in Oklahoma. The company was incorporated in 1981 and is headquartered in Madison, Wisconsin.Show more

Revenue $3.98B -1.1%
EBITDA $1.66B +2.4%
Net Income $690M -1.8%
Free Cash Flow -$1.08B -9.6%
EBITDA Margin 41.65% +3.6%
Net Margin 17.33% -0.7%
ROE 10.01% -7.0%
Interest Coverage 1.97 -17.6%
Debt/Equity 1.49 +5.9%
Net Debt/EBITDA 6.23 +6.7%
CapEx / Revenue 56.49% +22.7%
CapEx Coverage 0.52 +11.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓21 years of consecutive dividend growth
✓21 consecutive years of dividend growth
✓Healthy dividend yield of 2.9%

✗Weaknesses

✗High leverage: 6.3x Debt/EBITDA

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y1.74%

5Y1.76%

3Y2.76%

TTM7.76%

Profit (Net Income) CAGR

10Y5.78%

5Y4%

3Y0.79%

TTM23.75%

EPS CAGR

10Y4.51%

5Y2.92%

3Y0.75%

TTM23.26%

ROCE

10Y Avg5.09%

5Y Avg4.94%

3Y Avg5.03%

Latest4.55%

Peer Comparison

Dual Electric & Gas Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AQNBAlgonquin Power & Utilities Cor		25.58	170.53	-14.03%	-57.66%	-26.75%		1.09
ESEversource Energy	25.66B	68.40	30.13	-0.08%	10.22%	8.3%		1.92
PPLPPL Corporation	25.88B	34.98	29.15	1.8%	12.16%	7.58%		1.19
LNTAlliant Energy Corporation	17.01B	66.17	24.60	-1.14%	19.13%	11.19%		1.49
DDominion Energy, Inc.	50.4B	59.02	24.19	0.46%	14.77%	7.36%		1.38
PEGPublic Service Enterprise Group Incorporated	39.3B	78.73	22.24	-8.43%	17.77%	12.24%		1.42
WECWEC Energy Group, Inc.	34.47B	105.96	21.94	-3.3%	17.76%	12.1%	1.25%	1.59
XELXcel Energy Inc.	44.33B	74.94	21.78	-5.38%	11.01%	9.04%		1.55

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	3.25B	3.32B	3.38B	3.53B	3.65B	3.42B	3.67B	4.21B	4.03B	3.98B
Revenue Growth %	-0.03%	0.02%	0.02%	0.05%	0.03%	-0.06%	0.07%	0.15%	-0.04%	-0.01%
Cost of Revenue	2.16B	2.18B	2.14B	2.23B	2.19B	1.95B	2.11B	2.5B	2.29B	2.2B
Gross Profit+	1.09B	1.14B	1.24B	1.31B	1.46B	1.46B	1.56B	1.71B	1.73B	1.78B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.06%	0.04%	0.09%	0.05%	0.12%	0%	0.06%	0.1%	0.01%	0.03%
Operating Expenses+	513M	583.7M	567.4M	611M	678M	723M	761M	781M	791M	894M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	990.7M	960.9M	1.12B	1.21B	1.34B	1.35B	1.45B	1.6B	1.62B	1.66B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0%	-0.03%	0.16%	0.09%	0.11%	0.01%	0.07%	0.1%	0.01%	0.02%
Depreciation & Amortization+	413.7M	406.8M	461.8M	517.5M	567M	615M	657M	671M	676M	772M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	577M	554.1M	653.4M	694.4M	778M	740M	795M	928M	943M	886M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.06%	-0.04%	0.18%	0.06%	0.12%	-0.05%	0.07%	0.17%	0.02%	-0.06%
Interest Expense+	199.6M	216.4M	231.7M	272M	300M	291M	284M	325M	394M	449M
Interest Coverage	2.89x	2.56x	2.82x	2.55x	2.59x	2.54x	2.80x	2.86x	2.39x	1.97x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	461.3M	443.4M	532.8M	570M	636M	567M	600M	708M	707M	576M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	70.4M	59.4M	66.7M	48M	69M	-57M	-74M	22M	4M	-114M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	388.4M	381.7M	467.5M	522M	567M	624M	674M	686M	703M	690M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.01%	-0.02%	0.22%	0.12%	0.09%	0.1%	0.08%	0.02%	0.02%	-0.02%
EPS (Diluted)+	1.68	1.64	1.99	2.19	2.33	2.47	2.63	2.73	2.78	2.69
EPS Growth %	-0.03%	-0.02%	0.21%	0.1%	0.06%	0.06%	0.06%	0.04%	0.02%	-0.03%
EPS (Basic)	1.68	1.64	1.99	2.19	2.34	2.47	2.63	2.73	2.78	2.69
Diluted Shares Outstanding	225.4M	227.1M	229.7M	233.6M	239M	248.7M	250.7M	251.2M	253.3M	256.8M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	12.5B	13.37B	14.19B	15.43B	16.7B	17.71B	18.55B	20.16B	21.24B	22.71B
Asset Growth %	0.04%	0.07%	0.06%	0.09%	0.08%	0.06%	0.05%	0.09%	0.05%	0.07%
PP&E (Net)+	9.52B	10.28B	11.23B	12.46B	13.53B	14.34B	14.99B	16.25B	17.16B	18.7B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	826.8M	877.1M	905.1M	785.1M	876M	887M	1.07B	1.25B	1.27B	1.18B
Cash & Equivalents	5.8M	8.2M	27.9M	20.9M	16M	54M	39M	20M	62M	81M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	223.5M	222.3M	222.4M	211.8M	227M	217M	246M	325M	343M	295M
Other Current Assets	371.9M	364.4M	352.8M	279.2M	377.3M	392M	558M	574M	608M	544M
Long-Term Investments	346.3M	337.6M	396.1M	431.3M	468M	485M	517M	559M	602M	639M
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Other Assets	1.8B	1.88B	1.65B	1.75B	1.83B	2B	1.98B	2.11B	2.21B	2.19B
Total Liabilities	8.57B	9.31B	9.81B	10.64B	11.3B	11.82B	12.56B	13.89B	14.46B	15.71B
Total Debt+	4B	4.56B	5.28B	5.94B	6.53B	7.17B	7.88B	8.72B	9.51B	10.41B
Net Debt	3.99B	4.56B	5.25B	5.92B	6.51B	7.11B	7.84B	8.7B	9.45B	10.32B
Long-Term Debt	3.52B	4.32B	4.01B	5.25B	5.53B	6.77B	6.74B	7.67B	8.22B	8.68B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	14M	55M	12M	144M	193M	0
Total Current Liabilities+	1.36B	1.16B	2.15B	1.64B	2.05B	1.3B	2.05B	2.36B	2.3B	2.71B
Accounts Payable	402.4M	445.3M	477.3M	543.3M	422M	377M	436M	756M	611M	532M
Accrued Expenses	0	0	0	0	0	0	0	0	0	0
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	430.5M	468M	400.8M	403.1M	568M	456M	470M	557M	409M	454M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	1.31B	1.26B	2.17B	2.15B	2B	1.94B	1.85B	1.91B	1.89B	2.13B
Total Equity+	3.92B	4.06B	4.38B	4.79B	5.41B	5.89B	5.99B	6.28B	6.78B	7B
Equity Growth %	0.08%	0.04%	0.08%	0.09%	0.13%	0.09%	0.02%	0.05%	0.08%	0.03%
Shareholders Equity	3.72B	3.86B	4.18B	4.59B	5.21B	5.69B	5.99B	6.28B	6.78B	7B
Minority Interest	200M	200M	200M	200M	200M	200M	0	0	0	0
Common Stock	2.3M	2.3M	2.3M	2.4M	2M	2M	3M	3M	3M	3M
Additional Paid-in Capital	1.66B	1.69B	1.85B	2.05B	2.45B	2.7B	2.75B	2.78B	3.03B	3.06B
Retained Earnings	2.07B	2.18B	2.35B	2.55B	2.77B	2.99B	3.25B	3.51B	3.76B	3.95B
Accumulated OCI	-400K	-400K	-500K	1.7M	1M	-1M	0	0	1M	1M
Return on Assets (ROA)	0.03%	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%
Return on Equity (ROE)	0.1%	0.1%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.1%
Debt / Equity	1.02x	1.12x	1.21x	1.24x	1.21x	1.22x	1.32x	1.39x	1.40x	1.49x
Debt / Assets	0.32%	0.34%	0.37%	0.39%	0.39%	0.4%	0.42%	0.43%	0.45%	0.46%
Net Debt / EBITDA	4.03x	4.74x	4.71x	4.89x	4.84x	5.25x	5.40x	5.44x	5.84x	6.23x
Book Value per Share	17.41	17.89	19.08	20.49	22.62	23.68	23.89	24.98	26.75	27.27

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	871.2M	859.6M	983.4M	527.7M	660.4M	501M	582M	486M	867M	1.17B
Operating CF Growth %	-0.02%	-0.01%	0.14%	-0.46%	0.25%	-0.24%	0.16%	-0.16%	0.78%	0.35%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	390.9M	384M	466.1M	522.3M	567.4M	624M	674M	686M	703M	690M
Depreciation & Amortization	413.7M	406.8M	483.5M	517.5M	567.2M	615M	657M	671M	676M	792M
Deferred Taxes	94.6M	187M	221.3M	122.9M	109.4M	105M	115M	17M	98M	142M
Other Non-Cash Items	99.8M	31.3M	-32.2M	-54.3M	-45.6M	-2M	17M	-18M	-39M	18M
Working Capital Changes	-127.8M	-149.5M	-155.3M	-580.7M	-538M	-841M	-881M	-870M	-571M	-475M
Capital Expenditures+	-1.03B	-1.2B	-1.47B	-1.63B	-1.64B	-1.37B	-1.17B	-1.48B	-1.85B	-2.25B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-919.2M	-1.19B	-1.5B	-1.07B	-1.29B	-951M	-728M	-904M	-1.4B	-1.55B
Acquisitions	139.9M	0	0	0	0	0	0	29M	0	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	1000K	1000K
Other Investing	-24.8M	10.3M	-29.4M	567.1M	352.8M	415M	441M	551M	333M	579M
Cash from Financing+	-3.1M	329.3M	532.6M	530.7M	619.1M	488M	130M	402M	573M	398M
Dividends Paid	-247.3M	-266.5M	-288.3M	-312.2M	-337.7M	-377M	-403M	-428M	-456M	-492M
Dividend Payout Ratio %	0.64%	0.7%	0.62%	0.6%	0.6%	0.6%	0.6%	0.62%	0.65%	0.71%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	151.2M	26.6M	149.6M	196.6M	390.3M	247M	28M	25M	246M	23M
Share Repurchases	0	0	0	0	0	0	-200M	0	0	0
Other Financing	6.8M	-1.7M	-45.2M	-24M	-23.2M	-27M	-13M	-27M	3M	-20M
Net Change in Cash+	-51.1M	2.4M	19.7M	-7M	-4.6M	37.7M	-15M	-19M	42M	19M
Exchange Rate Effect	0	0	0	1000K	1000K	-300K	1000K	-1000K	1000K	1000K
Cash at Beginning	56.9M	5.8M	8.2M	27.9M	20.9M	16.3M	54M	39M	20M	62M
Cash at End	5.8M	8.2M	27.9M	20.9M	16.3M	54M	39M	20M	62M	81M
Free Cash Flow+	-163.1M	-337.2M	-483.5M	-1.11B	-979.7M	-865M	-587M	-998M	-987M	-1.08B
FCF Growth %	-13.56%	-1.07%	-0.43%	-1.29%	0.11%	0.12%	0.32%	-0.7%	0.01%	-0.1%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.27%	9.56%	11.07%	11.39%	11.13%	11.05%	11.35%	11.19%	10.77%	10.01%
EBITDA Margin	30.45%	28.94%	32.97%	34.29%	36.87%	39.67%	39.57%	38.03%	40.2%	41.65%
Net Debt / EBITDA	4.03x	4.74x	4.71x	4.89x	4.84x	5.25x	5.40x	5.44x	5.84x	6.23x
Interest Coverage	2.89x	2.56x	2.82x	2.55x	2.59x	2.54x	2.80x	2.86x	2.39x	1.97x
CapEx / Revenue	31.79%	36.05%	43.37%	46.23%	44.96%	39.99%	31.86%	35.29%	46.04%	56.49%
Dividend Payout Ratio	63.67%	69.82%	61.67%	59.81%	59.56%	60.42%	59.79%	62.39%	64.86%	71.3%
Debt / Equity	1.02x	1.12x	1.21x	1.24x	1.21x	1.22x	1.32x	1.39x	1.40x	1.49x
EPS Growth	-2.89%	-2.38%	21.34%	10.05%	6.39%	6.01%	6.48%	3.8%	1.83%	-3.24%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2023	2024
Electric	2.71B	2.77B	2.88B	2.89B	-	-	2.92B	3.08B	3.35B	3.37B
Electric Growth	-	2.10%	3.79%	0.67%	-	-	-	5.51%	8.57%	0.81%
Gas	517.5M	-	-	-	-	-	373M	456M	540M	465M
Gas Growth	-	-	-	-	-	-	-	22.25%	18.42%	-13.89%
Other Utility	66.1M	-	-	-	-	-	49M	49M	52M	54M
Other Utility Growth	-	-	-	-	-	-	-	0.00%	6.12%	3.85%
Others	-	-	-	-	-	-	74M	83M	90M	-
Others Growth	-	-	-	-	-	-	-	12.16%	8.43%	-
Utility Business	-	-	-	-	3.49B	3.57B	-	-	-	-
Utility Business Growth	-	-	-	-	-	2.01%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Alliant Energy Corporation (LNT) has a price-to-earnings (P/E) ratio of 24.6x. This is roughly in line with market averages.

Growth & Financials

Alliant Energy Corporation (LNT) reported $4.28B in revenue for fiscal year 2024. This represents a 17% increase from $3.67B in 2011.

Alliant Energy Corporation (LNT) saw revenue decline by 1.1% over the past year.

Yes, Alliant Energy Corporation (LNT) is profitable, generating $818.0M in net income for fiscal year 2024 (17.3% net margin).

Dividend & Returns

Yes, Alliant Energy Corporation (LNT) pays a dividend with a yield of 2.90%. This makes it attractive for income-focused investors.

Alliant Energy Corporation (LNT) has a return on equity (ROE) of 10.0%. This is reasonable for most industries.

Alliant Energy Corporation (LNT) generated $339.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Alliant Energy Corporation (LNT) has a dividend payout ratio of 71%. The dividend is reasonably covered.

US Stock Screener

...