15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 5.0% per year over the past 5 years.
Net income has grown in line with revenue (5.4% vs 5.0% per year).
Operating margin has expanded, at 23.5% in the latest year.
Financial health
Total debt ($12.0B) exceeds cash ($556M); net debt is $11.5B.
Total debt has grown faster than revenue (12.2% vs 5.0% per year).
Operating income covered interest expense 2.0× in the latest year, down from 2.7× 5 years ago.
Total debt is 6.4× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 64.3% of earnings.
The dividend has grown 6.7% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$4.4B
$810M
85.7%
23.5%
—
$12.0B
$556M
2024
$4.0B
$690M
84.6%
22.3%
—
$9.8B
$81M
2023
$4.0B
$703M
85.5%
23.4%
—
$9.0B
$62M
2022
$4.2B
$686M
86.4%
22.1%
-$998M
$8.1B
$20M
2021
$3.7B
$674M
85.4%
21.7%
-$587M
$7.4B
$39M
2020
$3.4B
$624M
86.9%
21.7%
-$865M
$6.8B
$54M
2019
$3.6B
$567M
86.8%
21.3%
-$980M
$6.2B
$16M
2018
$3.5B
$522M
86.0%
19.6%
-$1.1B
$5.5B
$21M
2017
$3.4B
$468M
85.8%
19.8%
-$945M
$4.9B
$28M
2016
$3.3B
$382M
0.0%
16.7%
-$804M
$4.3B
$8M
2015
—
$388M
—
—
-$163M
$3.9B
$6M
2014
—
$393M
—
—
-$11M
$3.8B
$57M
2013
—
$376M
—
—
-$67M
$3.3B
$10M
2012
—
$336M
—
—
-$317M
$3.1B
$21M
2011
—
$322M
—
—
$29M
$2.7B
$11M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.2B
$224M
86.6%
21.0%
$26M
$11.4B
$115M
Dec '25
$1.1B
$142M
85.8%
18.5%
—
$12.0B
$556M
Sep '25
$1.2B
$281M
86.3%
28.8%
-$103M
$11.9B
$503M
Jun '25
$961M
$174M
84.3%
23.2%
-$179M
$11.3B
$329M
Mar '25
$1.1B
$213M
86.0%
22.8%
-$305M
$10.6B
$25M
Dec '24
$976M
$150M
84.7%
22.6%
—
$9.8B
$81M
Sep '24
$1.1B
$295M
84.7%
29.0%
-$59M
$10.7B
$827M
Jun '24
$894M
$87M
83.6%
14.5%
-$137M
$9.8B
$92M
Mar '24
$1.0B
$158M
85.3%
21.5%
-$171M
$9.7B
$32M
Dec '23
$961M
$121M
84.9%
19.0%
—
$9.0B
$62M
Sep '23
$1.1B
$259M
85.7%
29.9%
-$132M
$9.3B
$206M
Jun '23
$912M
$160M
84.9%
23.8%
-$218M
$9.0B
$13M
Mar '23
$1.1B
$163M
86.4%
20.6%
-$229M
$9.0B
$157M
Dec '22
$1.1B
$107M
86.3%
15.0%
-$610M
$8.1B
$20M
Sep '22
$1.1B
$228M
86.2%
27.2%
-$138M
$8.6B
$344M
Jun '22
$943M
$159M
85.9%
22.5%
-$194M
$8.1B
$19M
Mar '22
$1.1B
$192M
87.1%
23.2%
-$56M
$8.0B
$67M
Dec '21
$927M
$95M
85.5%
14.2%
-$292M
$7.4B
$39M
Sep '21
$1.0B
$259M
85.5%
28.2%
-$76M
$7.4B
$20M
Jun '21
$817M
$146M
85.2%
21.5%
-$150M
$7.3B
$15M
Valuation over time
How the market has priced LNT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 20.1× (Mar '23) to 24.3× (Jun '26).
The price-to-sales ratio has risen from 3.3× (Mar '23) to 4.5× (Jun '26).
The dividend yield has fallen from 3.1% (Mar '23) to 2.6% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is LNT growing its revenue and profit?
Over the past 5 years, Alliant Energy's revenue has grown 5.0% per year, and net income grown 5.4% per year. These are computed facts, not advice.
How much debt does LNT have?
As of FY2025, Alliant Energy reported $12.0B of total debt against $556M of cash; operating income covered interest expense 2.0×.
What is LNT's profit margin?
In FY2025, gross margin was 85.7%, operating margin 23.5%, and net margin 18.6%.
What is LNT's P/E ratio?
As of Jun '26, Alliant Energy traded at a price-to-earnings ratio of about 24.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.