TORVANTA
Utilities · S&P 500 · data as of 2026-10-05

LNT stock analysis: Alliant Energy

Alliant Energy (LNT) is an S&P 500 company in Electric Utilities.

The model's view of LNT · subscribers

Where LNT ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with LNT · updated 2026-10-05 · from prices and SEC filings

LNT price performance

LNT against the S&P 500, one year
+0%+10%+20%S&P 500 +18%LNT -1%2025-09-292026-10-05
Year to date+1.2%S&P 500 +14.5% · behind by 13.3 pts
1 year-0.8%S&P 500 +17.0% · behind by 17.8 pts
3 years+49.3%S&P 500 +89.3% · behind by 40.0 pts
5 years+34.0%S&P 500 +91.3% · behind by 57.3 pts

Total returns with dividends reinvested.

LNT factor grades

Each grade compares LNT with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

CValueP/E 20.2x (industry 20.2x)FCF yield 7.8% (industry -3.1%)
B-GrowthRevenue growth +8% (industry +8%)EPS growth +10% (industry +8%)
BProfitabilityOperating margin 23.0% (industry 23.1%)ROIC 5.6% (industry 6.2%)
CMomentum12-month change -1%From 52-wk high -17%

LNT in plain numbers

LNT key statistics

SectorUtilities
IndustryElectric Utilities
IndexS&P 500
Market value$16.6B
Revenue growth (y/y)+8%
Free-cash-flow yield7.8%
Dividend yield3.3%
Next earnings (expected)2026-11-06
Valuation measures
Market value$16.6B
Enterprise value$27.5B
P/E (trailing)20.2x
Forward P/E (Torvanta estimate)19.5x
PEG (Torvanta estimate)5.59
Price / sales3.8x
Price / book2.2x
EV / revenue6.2x
EV / EBITDA14.7x
Financial highlights
Revenue, last 12 months$4.4B
Net income, last 12 months$821.0M
EPS, last 12 months (GAAP)$3.19
Gross margin85.8%
Operating margin23.0%
Net margin18.6%
Return on equity11.3%
Return on invested capital5.6%
Cash$115.0M
Total debt$11.0B
Debt / equity1.48x
Interest cover1.9x
Current ratio0.69x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

LNT earnings trends

Revenue vs earnings
$0$302.5M$605.0M$907.5M$1.2BJun 2024 Revenue: $894.0MSep 2024 Revenue: $1.1BDec 2024 Revenue: $1.0BMar 2025 Revenue: $1.1BJun 2025 Revenue: $1.0BSep 2025 Revenue: $1.2BDec 2025 Revenue: $1.1BMar 2026 Revenue: $1.2BJun 2024 Net income: $87.0MSep 2024 Net income: $295.0MDec 2024 Net income: $150.0MMar 2025 Net income: $213.0MJun 2025 Net income: $174.0MSep 2025 Net income: $281.0MDec 2025 Net income: $142.0MMar 2026 Net income: $224.0MJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Net margin: 9.7%Net margin: 27.3%Net margin: 15.4%Net margin: 18.9%Net margin: 18.1%Net margin: 23.2%Net margin: 13.3%Net margin: 18.9%0%14%27%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.3$0.6$0.9$1.2Jun 2024 EPS (GAAP, diluted): $0.3Sep 2024 EPS (GAAP, diluted): $1.2Dec 2024 EPS (GAAP, diluted): $0.6Mar 2025 EPS (GAAP, diluted): $0.8Jun 2025 EPS (GAAP, diluted): $0.7Sep 2025 EPS (GAAP, diluted): $1.1Dec 2025 EPS (GAAP, diluted): $0.6Mar 2026 EPS (GAAP, diluted): $0.9Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026■ EPS (GAAP, diluted) Change from a year earlier: Jun 2025 +100% · Sep 2025 -5% · Dec 2025 -7% · Mar 2026 +5%

From the company's 10-Q and 10-K filings with the SEC.

Alliant Energy financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$3.7B$4.2B$4.0B$4.0B$4.4B
Net income$674.0M$685.0M$703.0M$690.0M$810.0M
EPS (GAAP)$2.62$2.72$2.78$2.70$3.15
Free cash flow-$587.0M-$1.0Bn/an/an/a

LNT earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-05-01$0.87+5%+5%+0.4%
2026-02-20$0.55-7%+9%+3.0%
2025-11-07$1.09-5%+12%-1.3%
2025-08-08$0.68+100%+7%-1.8%
2025-05-09$0.83+34%+9%-5.8%
2025-02-21$0.59+26%+2%+5.8%

About Alliant Energy

HeadquartersMadison, WI
Industry (SEC code)Electric & Other Services Combined
Fiscal year endsDecember 31
Incorporated inWI
Listed onNasdaq
FormerlyALLIANT ENERGY CORP, INTERSTATE ENERGY CORP, WPL HOLDINGS INC

From the company's SEC registration record.

Companies similar to LNT

CompanyMarket valueP/ERevenue growthOperating margin12-month change
LNT Alliant Energy$16.6B20.2x+8%23.0%-1%
EVRG Evergy$18.2B21.0x+2%25.9%+7%compare
EIX Edison International$20.9B5.9x+13%30.8%+4%compare
ES Eversource$24.4B16.8x+8%21.5%-7%compare
PPL PPL Corp$24.8B20.1x+8%23.6%-7%
FE FirstEnergy$25.2B23.8x+11%14.7%-1%
WEC WEC Energy$33.0Bn/a+9%22.8%-8%

All Utilities stock ratings

Frequently asked questions

Is LNT stock a buy?

Torvanta does not tell individuals what to buy. Its grades for LNT are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is LNT's P/E ratio?

LNT trades at about 20.2 times its last 12 months of GAAP earnings reported to the SEC, and about 19.5 times Torvanta's own estimate of the next 12 months.

When does LNT report earnings next?

Based on its filing history, Torvanta expects Alliant Energy to report around 2026-11-06.

Does LNT pay a dividend?

Yes. Its dividend yield is about 3.3%, and it has raised its dividend 13 years in a row.

How has LNT performed against the S&P 500?

Over the past year LNT returned -0.8%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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