Alliant Energy Corporation (LNT) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↓
16.38
+10% vs avg
5yr avg: 14.93
30Y Low5.1·High16.0
P/FCF
N/A
—
5yr avg: N/A
30Y Low7.6·High166.7
P/B Ratio
↓
2.57
+15% vs avg
5yr avg: 2.23
30Y Low0.6·High2.6
ROE
↓
11.3%
↓+3% vs avg
5yr avg: 10.9%
30Y Low-0%·High24%
Debt/EBITDA
↑
6.60
+11% vs avg
5yr avg: 5.93
30Y Low1.5·High6.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LNT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Alliant Energy Corporation trades at 23.2x earnings, 11% above its 5-year average of 20.9x, sitting at the 86th percentile of its historical range. Compared to the Utilities sector median P/E of 19.0x, the stock trades at a premium of 23%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $18.9B | $16.8B | $15.2B | $13.0B | $13.9B | $15.4B | $12.8B | $13.1B | $9.9B | $9.8B | $8.6B |
| Enterprise Value | $30.6B | $28.5B | $25.5B | $22.4B | $22.6B | $23.3B | $19.9B | $19.6B | $15.8B | $15.0B | $13.2B |
| P/E Ratio → | 23.25 | 20.70 | 21.99 | 18.45 | 20.22 | 23.37 | 20.86 | 23.48 | 19.29 | 21.41 | 23.10 |
| P/S Ratio | 4.32 | 3.84 | 3.81 | 3.23 | 3.30 | 4.20 | 3.75 | 3.58 | 2.79 | 2.89 | 2.59 |
| P/B Ratio | 2.57 | 2.29 | 2.17 | 1.92 | 2.21 | 2.57 | 2.18 | 2.42 | 2.06 | 2.23 | 2.12 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 16.13 | 14.34 | 13.01 | 14.99 | 28.54 | 26.48 | 25.58 | 19.80 | 18.70 | 9.95 | 10.01 |
P/E links to full P/E history page with 30-year chart
LNT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Alliant Energy Corporation's enterprise value stands at 16.4x EBITDA, 10% above its 5-year average of 14.9x. The Utilities sector median is 11.9x, placing the stock at a 37% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.55 | 6.41 | 5.57 | 5.37 | 6.34 | 5.83 | 5.37 | 4.47 | 4.45 | 3.96 |
| EV / EBITDA | 16.38 | 15.26 | 15.39 | 13.86 | 14.11 | 16.02 | 14.71 | 14.56 | 13.03 | 13.49 | 13.70 |
| EV / EBIT | 29.90 | 24.34 | 24.89 | 20.38 | 22.19 | 26.31 | 24.13 | 20.93 | 19.92 | 20.54 | 19.95 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
LNT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Alliant Energy Corporation earns an operating margin of 23.5%, above the Utilities sector average of 18.5%. ROE of 11.3% is modest. ROIC of 4.2% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.1% | 40.1% | 44.7% | 43.1% | 40.6% | 42.4% | 42.8% | 39.9% | 36.9% | 36.6% | 34.3% |
| Operating Margin | 23.5% | 23.5% | 22.3% | 23.4% | 22.1% | 21.7% | 21.7% | 21.3% | 19.6% | 19.3% | 16.7% |
| Net Profit Margin | 18.6% | 18.6% | 17.3% | 17.5% | 16.3% | 18.4% | 18.3% | 15.5% | 14.8% | 13.8% | 11.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.3% | 11.3% | 10.0% | 10.8% | 11.2% | 11.3% | 11.1% | 11.1% | 11.4% | 11.1% | 9.6% |
| ROA | 3.3% | 3.3% | 3.1% | 3.4% | 3.5% | 3.7% | 3.6% | 3.5% | 3.5% | 3.4% | 3.0% |
| ROIC | 4.2% | 4.2% | 4.0% | 4.5% | 4.8% | 4.4% | 4.5% | 5.2% | 5.1% | 5.4% | 5.0% |
| ROCE | 4.7% | 4.7% | 4.6% | 5.1% | 5.4% | 4.8% | 4.8% | 5.5% | 5.4% | 5.4% | 4.7% |
LNT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Alliant Energy Corporation carries a Debt/EBITDA ratio of 6.6x, which is highly leveraged (27% above the sector average of 5.2x). Net debt stands at $11.8B ($12.3B total debt minus $556M cash). Interest coverage of just 2.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.68 | 1.68 | 1.49 | 1.40 | 1.39 | 1.32 | 1.22 | 1.21 | 1.24 | 1.21 | 1.12 |
| Debt / EBITDA | 6.60 | 6.60 | 6.28 | 5.87 | 5.45 | 5.43 | 5.29 | 4.85 | 4.90 | 4.74 | 4.75 |
| Net Debt / Equity | — | 1.61 | 1.47 | 1.39 | 1.39 | 1.31 | 1.21 | 1.20 | 1.24 | 1.20 | 1.12 |
| Net Debt / EBITDA | 6.30 | 6.30 | 6.23 | 5.84 | 5.44 | 5.40 | 5.25 | 4.84 | 4.89 | 4.71 | 4.74 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 2.29 | 2.29 | 2.28 | 2.79 | 3.13 | 3.11 | 2.84 | 3.12 | 2.91 | 3.16 | 3.05 |
LNT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.80x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.55x to 0.80x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.80 | 0.80 | 0.44 | 0.55 | 0.53 | 0.52 | 0.68 | 0.43 | 0.48 | 0.42 | 0.75 |
| Quick Ratio | 0.66 | 0.66 | 0.33 | 0.40 | 0.39 | 0.40 | 0.52 | 0.32 | 0.35 | 0.32 | 0.56 |
| Cash Ratio | 0.26 | 0.26 | 0.03 | 0.03 | 0.01 | 0.02 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 |
| Asset Turnover | — | 0.17 | 0.18 | 0.19 | 0.21 | 0.20 | 0.19 | 0.22 | 0.23 | 0.24 | 0.25 |
| Inventory Turnover | 9.07 | 9.07 | 7.46 | 6.69 | 7.68 | 8.59 | 9.00 | 9.66 | 10.52 | 9.64 | 9.82 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
LNT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Alliant Energy Corporation returns 2.8% to shareholders annually primarily through dividends. A payout ratio of 64.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 4.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.8% | 3.1% | 3.2% | 3.5% | 3.1% | 2.6% | 2.9% | 2.6% | 3.2% | 2.9% | 3.1% |
| Payout Ratio | 64.3% | 64.3% | 71.3% | 64.9% | 62.4% | 59.8% | 60.4% | 59.6% | 59.8% | 61.7% | 69.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.3% | 4.8% | 4.5% | 5.4% | 4.9% | 4.3% | 4.8% | 4.3% | 5.2% | 4.7% | 4.3% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.8% | 3.1% | 3.2% | 3.5% | 3.1% | 3.9% | 2.9% | 2.6% | 3.2% | 2.9% | 3.1% |
| Shares Outstanding | — | $258M | $257M | $253M | $251M | $251M | $249M | $239M | $234M | $230M | $227M |
Peer Comparison
Compare LNT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LNTYou | $19B | 23.2 | 16.4 | — | 40.1% | 23.5% | 11.3% | 4.2% | 6.6 |
 WEC | $37B | 23.2 | 15.3 | — | 50.5% | 24.2% | 11.6% | 5.1% | 5.8 |
 EVRG | $19B | 22.5 | 12.7 | — | 32.3% | 25.2% | 8.4% | 4.5% | 5.7 |
 OGE | $10B | 20.4 | 11.3 | 118.0 | 44.2% | 24.5% | 9.8% | 5.8% | 4.2 |
 NWE | $4B | 23.8 | 13.2 | — | 82.3% | 20.2% | 6.3% | 4.0% | 5.7 |
 OTTR | $4B | 13.4 | 9.5 | 37.5 | 27.8% | 26.5% | 15.6% | 10.4% | 2.4 |
 DTE | $31B | 20.9 | 13.3 | — | 84.9% | 15.0% | 12.2% | 4.8% | 6.2 |
 CMS | $23B | 20.8 | 14.2 | — | 60.9% | 20.2% | 11.6% | 4.9% | 6.6 |
 AEP | $69B | 19.2 | 13.6 | — | 31.8% | 24.3% | 12.1% | 5.1% | 5.7 |
 XEL | $48B | 22.6 | 14.2 | — | 24.3% | 19.6% | 9.4% | 4.0% | 6.0 |
 POR | $6B | 18.2 | 10.0 | — | 33.6% | 16.4% | 7.7% | 4.5% | 4.9 |
| Utilities Median | — | 19.0 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into LNT consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
LNT — Frequently Asked Questions
Quick answers to the most common questions about buying LNT stock.
What is Alliant Energy Corporation's P/E ratio?
Alliant Energy Corporation's current P/E ratio is 23.2x. The historical average is 17.8x. This places it at the 86th percentile of its historical range.
What is Alliant Energy Corporation's EV/EBITDA?
Alliant Energy Corporation's current EV/EBITDA is 16.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.0x.
What is Alliant Energy Corporation's ROE?
Alliant Energy Corporation's return on equity (ROE) is 11.3%. The historical average is 10.4%.
Is LNT stock overvalued?
Based on historical data, Alliant Energy Corporation is trading at a P/E of 23.2x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Alliant Energy Corporation's dividend yield?
Alliant Energy Corporation's current dividend yield is 2.77% with a payout ratio of 64.3%.
What are Alliant Energy Corporation's profit margins?
Alliant Energy Corporation has 40.1% gross margin and 23.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Alliant Energy Corporation have?
Alliant Energy Corporation's Debt/EBITDA ratio is 6.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.