Alliant Energy Corporation (LNT) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↓
16.20
+9% 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
↓
2.52
+13% 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 22.8x earnings, 9% above its 5-year average of 20.9x, sitting at the 83rd percentile of its historical range. Compared to the Utilities sector median P/E of 19.5x, the stock trades at a premium of 17%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $18.5B | $16.8B | $15.2B | $13.0B | $13.9B | $15.4B | $12.8B | $13.1B | $9.9B | $9.8B | $8.6B |
| Enterprise Value | $30.3B | $28.5B | $25.5B | $22.4B | $22.6B | $23.3B | $19.9B | $19.6B | $15.8B | $15.0B | $13.2B |
| P/E Ratio → | 22.83 | 20.70 | 21.99 | 18.45 | 20.22 | 23.37 | 20.86 | 23.48 | 19.29 | 21.41 | 23.10 |
| P/S Ratio | 4.24 | 3.84 | 3.81 | 3.23 | 3.30 | 4.20 | 3.75 | 3.58 | 2.79 | 2.89 | 2.59 |
| P/B Ratio | 2.52 | 2.29 | 2.17 | 1.92 | 2.21 | 2.57 | 2.18 | 2.42 | 2.06 | 2.23 | 2.12 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 15.84 | 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 16.2x EBITDA, 9% above its 5-year average of 14.9x. The Utilities sector median is 12.0x, placing the stock at a 35% 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 | 16.20 | 15.26 | 15.39 | 13.86 | 14.11 | 16.02 | 14.71 | 14.56 | 13.03 | 13.49 | 13.70 |
| EV / EBIT | 29.57 | 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 19.8%. 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 (29% above the sector average of 5.1x). 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 4.4% (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 | 4.4% | 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 | 22.8 | 16.2 | — | 40.1% | 23.5% | 11.3% | 4.2% | 6.6 |
 WEC | $37B | 23.3 | 15.3 | — | 50.5% | 24.2% | 11.6% | 5.1% | 5.8 |
 EVRG | $19B | 22.6 | 12.7 | — | 32.3% | 25.2% | 8.4% | 4.5% | 5.7 |
 OGE | $10B | 20.4 | 11.3 | 118.1 | 44.2% | 24.5% | 9.8% | 5.8% | 4.2 |
 NWE | $4B | 24.6 | 13.4 | — | 82.3% | 20.2% | 6.3% | 4.0% | 5.7 |
 OTTR | $4B | 13.4 | 9.5 | 37.6 | 27.8% | 26.5% | 15.6% | 10.4% | 2.4 |
 DTE | $30B | 20.1 | 13.0 | — | 84.9% | 15.0% | 12.2% | 4.8% | 6.2 |
 CMS | $23B | 21.0 | 14.3 | — | 60.9% | 20.2% | 11.6% | 4.9% | 6.6 |
 AEP | $72B | 19.8 | 13.8 | — | 31.8% | 24.3% | 12.1% | 5.1% | 5.7 |
 XEL | $50B | 23.5 | 14.5 | — | 24.3% | 19.6% | 9.4% | 4.0% | 6.0 |
 POR | $6B | 17.6 | 9.8 | — | 33.6% | 16.4% | 7.7% | 4.5% | 4.9 |
| Utilities Median | — | 19.5 | 12.0 | 16.2 | 39.6% | 19.8% | 9.3% | 4.8% | 5.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Full LNT Stock Analysis
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Start ComparisonLNT — 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 22.8x. The historical average is 17.8x. This places it at the 83th percentile of its historical range.
What is Alliant Energy Corporation's EV/EBITDA?
Alliant Energy Corporation's current EV/EBITDA is 16.2x. 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 22.8x. This is at the 83th 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 2.82% 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.