30 years of historical data (1995–2024) · Utilities · Regulated Electric
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Alliant Energy Corporation trades at 26.9x earnings, 28% above its 5-year average of 21.0x, sitting at the 97th percentile of its historical range. Compared to the Utilities sector median P/E of 21.0x, the stock trades at a premium of 28%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $18.6B | $15.2B | $13.0B | $13.9B | $15.4B | $12.8B | $13.1B | $9.9B | $9.8B | $8.6B | $7.0B |
| Enterprise Value | $28.9B | $25.5B | $22.4B | $22.6B | $23.3B | $19.9B | $19.6B | $15.8B | $15.0B | $13.2B | $11.0B |
| P/E Ratio → | 26.89 | 21.99 | 18.45 | 20.22 | 23.37 | 20.86 | 23.48 | 19.29 | 21.41 | 23.10 | 18.59 |
| P/S Ratio | 4.67 | 3.81 | 3.23 | 3.30 | 4.20 | 3.75 | 3.58 | 2.79 | 2.89 | 2.59 | 2.16 |
| P/B Ratio | 2.65 | 2.17 | 1.92 | 2.21 | 2.57 | 2.18 | 2.42 | 2.06 | 2.23 | 2.12 | 1.79 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 15.93 | 13.01 | 14.99 | 28.54 | 26.48 | 25.58 | 19.80 | 18.70 | 9.95 | 10.01 | 8.08 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Alliant Energy Corporation's enterprise value stands at 17.4x EBITDA, 18% above its 5-year average of 14.8x. The Utilities sector median is 9.4x, placing the stock at a 86% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.41 | 5.57 | 5.37 | 6.34 | 5.83 | 5.37 | 4.47 | 4.45 | 3.96 | 3.39 |
| EV / EBITDA | 17.44 | 15.39 | 13.86 | 14.11 | 16.02 | 14.71 | 14.56 | 13.03 | 13.49 | 13.70 | 11.13 |
| EV / EBIT | 32.64 | 24.89 | 20.38 | 22.19 | 26.31 | 24.13 | 20.93 | 19.92 | 20.54 | 19.95 | 16.69 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Alliant Energy Corporation earns an operating margin of 22.3%, roughly in line with the Utilities sector average. ROE of 10.0% is modest. ROIC of 4.0% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.7% | 44.7% | 43.1% | 40.6% | 42.4% | 42.8% | 39.9% | 36.9% | 36.6% | 34.3% | 33.5% |
| Operating Margin | 22.3% | 22.3% | 23.4% | 22.1% | 21.7% | 21.7% | 21.3% | 19.6% | 19.3% | 16.7% | 17.7% |
| Net Profit Margin | 17.3% | 17.3% | 17.5% | 16.3% | 18.4% | 18.3% | 15.5% | 14.8% | 13.8% | 11.5% | 11.9% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.0% | 10.0% | 10.8% | 11.2% | 11.3% | 11.1% | 11.1% | 11.4% | 11.1% | 9.6% | 10.3% |
| ROA | 3.1% | 3.1% | 3.4% | 3.5% | 3.7% | 3.6% | 3.5% | 3.5% | 3.4% | 3.0% | 3.2% |
| ROIC | 4.0% | 4.0% | 4.5% | 4.8% | 4.4% | 4.5% | 5.2% | 5.1% | 5.4% | 5.0% | 5.6% |
| ROCE | 4.6% | 4.6% | 5.1% | 5.4% | 4.8% | 4.8% | 5.5% | 5.4% | 5.4% | 4.7% | 5.2% |
Solvency and debt-coverage ratios — lower is generally safer
Alliant Energy Corporation carries a Debt/EBITDA ratio of 6.3x, which is highly leveraged (48% above the sector average of 4.2x). Net debt stands at $10.3B ($10.4B total debt minus $81M cash). Interest coverage of just 2.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.49 | 1.49 | 1.40 | 1.39 | 1.32 | 1.22 | 1.21 | 1.24 | 1.21 | 1.12 | 1.02 |
| Debt / EBITDA | 6.28 | 6.28 | 5.87 | 5.45 | 5.43 | 5.29 | 4.85 | 4.90 | 4.74 | 4.75 | 4.03 |
| Net Debt / Equity | — | 1.47 | 1.39 | 1.39 | 1.31 | 1.21 | 1.20 | 1.24 | 1.20 | 1.12 | 1.02 |
| Net Debt / EBITDA | 6.23 | 6.23 | 5.84 | 5.44 | 5.40 | 5.25 | 4.84 | 4.89 | 4.71 | 4.74 | 4.03 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.97 | 1.97 | 2.39 | 2.86 | 2.80 | 2.54 | 2.59 | 2.55 | 2.82 | 2.56 | 2.89 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.44x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.53x to 0.44x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.44 | 0.44 | 0.55 | 0.53 | 0.52 | 0.68 | 0.43 | 0.48 | 0.42 | 0.75 | 0.61 |
| Quick Ratio | 0.33 | 0.33 | 0.40 | 0.39 | 0.40 | 0.52 | 0.32 | 0.35 | 0.32 | 0.56 | 0.44 |
| Cash Ratio | 0.03 | 0.03 | 0.03 | 0.01 | 0.02 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Asset Turnover | — | 0.18 | 0.19 | 0.21 | 0.20 | 0.19 | 0.22 | 0.23 | 0.24 | 0.25 | 0.26 |
| Inventory Turnover | 7.46 | 7.46 | 6.69 | 7.68 | 8.59 | 9.00 | 9.66 | 10.52 | 9.64 | 9.82 | 9.68 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Alliant Energy Corporation returns 2.6% to shareholders annually primarily through dividends. The payout ratio of 71.3% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 3.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.6% | 3.2% | 3.5% | 3.1% | 2.6% | 2.9% | 2.6% | 3.2% | 2.9% | 3.1% | 3.5% |
| Payout Ratio | 71.3% | 71.3% | 64.9% | 62.4% | 59.8% | 60.4% | 59.6% | 59.8% | 61.7% | 69.8% | 63.7% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.7% | 4.5% | 5.4% | 4.9% | 4.3% | 4.8% | 4.3% | 5.2% | 4.7% | 4.3% | 5.4% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.6% | 3.2% | 3.5% | 3.1% | 3.9% | 2.9% | 2.6% | 3.2% | 2.9% | 3.1% | 3.5% |
| Shares Outstanding | — | $257M | $253M | $251M | $251M | $249M | $239M | $234M | $230M | $227M | $225M |
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 | 26.9 | 17.4 | — | 44.7% | 22.3% | 10.0% | 4.0% | 6.3 |
| DUK | $102B | 20.7 | 12.9 | 8.3 | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
| XEL | $49B | 24.2 | 15.1 | — | 45.7% | 17.8% | 10.4% | 3.8% | 5.7 |
| ETR | $48B | 27.4 | 14.2 | — | 29.9% | 23.6% | 10.9% | 5.0% | 5.5 |
| PEG | $43B | — | 15.8 | 18.6 | 69.0% | 24.5% | 12.8% | 5.6% | 5.7 |
| WEC | $38B | 24.2 | 10.9 | — | 50.5% | 24.2% | 5.8% | 4.6% | 1.0 |
| AEE | $31B | 21.2 | 13.8 | — | 29.6% | 23.0% | 11.3% | 4.7% | 5.4 |
| FTS | $29B | 23.1 | 13.4 | — | 45.6% | 28.7% | 7.0% | 4.4% | 6.2 |
| ES | $29B | 33.6 | 12.9 | — | 31.1% | 22.7% | 5.5% | 4.8% | 6.5 |
| ED | $26B | 20.0 | 5.1 | 5.9 | 81.0% | 17.3% | 8.8% | 6.0% | 0.1 |
| DTE | $21B | 21.0 | 5.3 | 7.6 | 84.9% | 15.0% | 12.2% | 7.2% | 0.6 |
| Utilities Median | — | 21.0 | 9.4 | 8.1 | 46.6% | 21.0% | 9.4% | 5.0% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how LNT stacks up against sector leader Duke Energy Corporation.
Start ComparisonAlliant Energy Corporation's current P/E ratio is 26.9x. The historical average is 17.6x. This places it at the 97th percentile of its historical range.
Alliant Energy Corporation's current EV/EBITDA is 17.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.7x.
Alliant Energy Corporation's return on equity (ROE) is 10.0%. The historical average is 10.4%.
Based on historical data, Alliant Energy Corporation is trading at a P/E of 26.9x. This is at the 97th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Alliant Energy Corporation's current dividend yield is 2.65% with a payout ratio of 71.3%.
Alliant Energy Corporation has 44.7% gross margin and 22.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Alliant Energy Corporation's Debt/EBITDA ratio is 6.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.