Alliant Energy Corporation (LNT) Key Metrics
LNT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $17.71B
- Enterprise value
- $28.60B
- P/E (TTM)
- 21.6 10-yr median 20.8
- Forward P/E
- 17.5
- PEG ratio
- 1.96
- Price / sales
- 4.0 10-yr median 3.4
- Price / book
- 2.2 10-yr median 2.2
- EV / EBITDA
- 14.0 10-yr median 13.2
- Dividend yield
- 3.13% $2.14 a year
- Beta
- 0.52
LNT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLNT valuation Price multiples at each fiscal year-end price.
LNT returns How much profit the business earns on the capital it uses.
LNT per-share figures Results divided by the shares outstanding at year-end.
LNT financial health Debt, liquidity and how easily interest is covered.
LNT efficiency & capital use Working capital cycle and where the cash goes.
LNT valuation history
LNT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LNT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LNT cash returned to shareholders
LNT price vs earnings per share
LNT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $16.76B | $15.19B | $12.99B | $13.87B | $15.41B | $12.82B | $13.08B | $9.87B | $9.79B | $8.60B |
| Enterprise value | $28.55B | $25.51B | $22.44B | $22.57B | $23.25B | $19.93B | $19.59B | $15.79B | $15.04B | $13.16B |
| P/E ratio | 20.7 | 22.0 | 18.5 | 20.2 | 22.9 | 20.5 | 23.1 | 18.9 | 20.9 | 22.5 |
| Price / sales | 3.8 | 3.8 | 3.2 | 3.3 | 4.2 | 3.8 | 3.6 | 2.8 | 2.9 | 2.6 |
| Price / book | 2.3 | 2.2 | 1.9 | 2.2 | 2.6 | 2.3 | 2.5 | 2.2 | 2.3 | 2.2 |
| Price / free cash flow | — | — | — | 28.5 | 26.5 | 25.6 | 19.8 | — | — | — |
| Price / operating cash flow | 14.3 | 13.0 | 15.0 | 28.5 | 26.5 | 25.6 | 19.8 | 18.7 | 10.0 | 10.0 |
| EV / sales | 6.5 | 6.4 | 5.6 | 5.4 | 6.3 | 5.8 | 5.4 | 4.5 | 4.4 | 4.0 |
| EV / EBITDA | 14.1 | 14.2 | 12.6 | 13.4 | 15.1 | 13.8 | 13.0 | 11.9 | 12.6 | 12.5 |
| EV / free cash flow | — | — | — | 46.4 | 40.0 | 39.8 | 29.7 | — | — | — |
| Earnings yield | 4.8% | 4.5% | 5.4% | 4.9% | 4.4% | 4.9% | 4.3% | 5.3% | 4.8% | 4.4% |
| Free cash flow yield | −7.8% | −7.1% | −7.6% | 3.5% | 3.8% | 3.9% | 5.0% | −11.2% | −4.9% | −3.9% |
| Dividend yield | 3.1% | 3.2% | 3.5% | 3.1% | 2.6% | 2.9% | 2.6% | 3.2% | 2.9% | 3.1% |
| Shareholder yield (dividends + buybacks) | 3.1% | 3.2% | 3.5% | 3.1% | 3.9% | 2.9% | 2.6% | 3.2% | 2.9% | 3.1% |
| Share price at fiscal year-end | $65.01 | $59.14 | $51.30 | $55.21 | $61.47 | $51.53 | $54.72 | $42.25 | $42.61 | $37.89 |
| Per share | ||||||||||
| Revenue per share | $16.92 | $15.50 | $15.90 | $16.74 | $14.64 | $13.74 | $15.26 | $15.13 | $14.72 | $14.62 |
| Earnings per share | $3.14 | $2.69 | $2.78 | $2.73 | $2.69 | $2.51 | $2.37 | $2.23 | $2.04 | $1.68 |
| Operating cash flow per share | $4.53 | $4.54 | $3.42 | $1.93 | $2.32 | $2.01 | $2.76 | $2.26 | $4.28 | $3.79 |
| Free cash flow per share | −$5.10 | −$4.21 | −$3.90 | $1.93 | $2.32 | $2.01 | $2.76 | −$4.74 | −$2.10 | −$1.48 |
| Cash per share | $2.16 | $0.32 | $0.24 | $0.08 | $0.16 | $0.22 | $0.07 | $0.09 | $0.12 | $0.04 |
| Book value per share | $28.45 | $27.27 | $26.75 | $24.98 | $23.89 | $22.87 | $21.78 | $19.63 | $18.21 | $17.01 |
| Tangible book value per share | $28.45 | $27.27 | $26.75 | $24.98 | $23.89 | $22.87 | $21.78 | $19.63 | $18.21 | $17.01 |
| Dividends per share | $2.02 | $1.92 | $1.80 | $1.70 | $1.61 | $1.52 | $1.41 | $1.34 | $1.26 | $1.17 |
| Capex per share | $9.63 | $8.76 | $7.32 | $5.54 | $0.00 | $5.20 | $6.44 | $6.99 | $6.39 | $5.27 |
| Debt per share | $47.89 | $40.52 | $37.54 | $34.71 | $31.44 | $28.81 | $27.31 | $25.45 | $22.99 | $20.10 |
| Shares outstanding | 257.8M | 256.8M | 253.3M | 251.2M | 250.7M | 248.7M | 239.0M | 233.6M | 229.7M | 227.1M |
| Change in shares outstanding | +0.4% | +1.4% | +0.8% | +0.2% | +0.8% | +4.1% | +2.3% | +1.7% | +1.1% | +0.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.3% | 10.0% | 10.8% | 11.2% | 11.5% | 11.5% | 11.6% | 11.9% | 11.6% | 10.1% |
| Return on invested capital (ROIC) | 5.6% | 5.3% | 6.0% | 6.2% | 6.0% | 6.0% | 6.2% | 6.4% | 6.4% | 5.9% |
| Return on assets (ROA) | 3.3% | 3.1% | 3.4% | 3.5% | 3.7% | 3.6% | 3.5% | 3.5% | 3.4% | 3.0% |
| Return on tangible assets | 3.1% | 3.0% | 3.3% | 3.4% | 3.6% | 3.5% | 3.4% | 3.4% | 3.3% | 2.9% |
| Free cash flow margin | −30.1% | −27.2% | −24.5% | 11.6% | 15.9% | 14.7% | 18.1% | −31.3% | −14.3% | −10.2% |
| Income quality (OCF / net income) | 1.44 | 1.69 | 1.23 | 0.71 | 0.86 | 0.80 | 1.16 | 1.01 | 2.10 | 2.25 |
| Financial health | ||||||||||
| Total debt | $12.35B | $10.41B | $9.51B | $8.72B | $7.88B | $7.17B | $6.53B | $5.94B | $5.28B | $4.56B |
| Cash & short-term investments | $556.0M | $81.0M | $62.0M | $20.0M | $39.0M | $54.0M | $16.0M | $20.9M | $27.9M | $8.2M |
| Net debt | $11.79B | $10.32B | $9.45B | $8.70B | $7.84B | $7.11B | $6.51B | $5.92B | $5.25B | $4.56B |
| Debt / equity | 1.68 | 1.49 | 1.40 | 1.39 | 1.32 | 1.26 | 1.25 | 1.30 | 1.26 | 1.18 |
| Debt / assets | 0.48 | 0.46 | 0.45 | 0.43 | 0.42 | 0.40 | 0.39 | 0.39 | 0.37 | 0.34 |
| Net debt / EBITDA | 5.84 | 5.75 | 5.32 | 5.15 | 5.09 | 4.94 | 4.33 | 4.47 | 4.40 | 4.33 |
| Current ratio | 0.80 | 0.44 | 0.55 | 0.53 | 0.52 | 0.68 | 0.43 | 0.48 | 0.42 | 0.75 |
| Quick ratio | 0.66 | 0.33 | 0.40 | 0.39 | 0.40 | 0.52 | 0.32 | 0.35 | 0.32 | 0.56 |
| Interest coverage | 2.0 | 2.0 | 2.4 | 2.9 | 2.8 | 2.5 | 2.6 | 2.6 | 2.8 | 2.6 |
| Working capital | −$426.0M | −$1.53B | −$1.03B | −$1.11B | −$985.0M | −$410.0M | −$1.18B | −$859.0M | −$1.24B | −$284.9M |
| Invested capital | $19.12B | $17.33B | $16.22B | $14.97B | $13.83B | $12.80B | $11.72B | $10.51B | $9.44B | $8.42B |
| Tangible asset value | $7.33B | $7.00B | $6.78B | $6.28B | $5.99B | $5.89B | $5.41B | $4.79B | $4.38B | $4.06B |
| Net current asset value | −$16.78B | −$14.53B | −$13.19B | −$12.64B | −$11.49B | −$10.94B | −$10.42B | −$9.86B | −$8.90B | −$8.43B |
| Graham number | $44.85 | $40.61 | $40.87 | $39.18 | $38.02 | $35.93 | $34.10 | $31.42 | $28.88 | $25.36 |
| Graham net-net per share | −$67.59 | −$59.52 | −$55.40 | −$53.57 | −$48.79 | −$46.21 | −$46.05 | −$44.26 | −$41.23 | −$39.55 |
| Capital allocation | ||||||||||
| Dividends paid | $521.0M | $492.0M | $456.0M | $428.0M | $403.0M | $377.0M | $337.7M | $312.2M | $288.3M | $266.5M |
| Share buybacks (net) | — | — | $0 | $0 | $200.0M | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 64.3% | 71.3% | 64.9% | 62.4% | 59.8% | 60.4% | 59.6% | 59.8% | 61.7% | 69.8% |
| Dividends + buybacks / free cash flow | — | — | — | 88.1% | 103.6% | 75.2% | 51.1% | — | — | — |
| Capex / revenue | 56.9% | 56.5% | 46.0% | 33.1% | 0.0% | 37.9% | 42.2% | 46.2% | 43.4% | 36.0% |
| Capex / operating cash flow | 212.4% | 192.7% | 213.8% | 286.4% | 0.0% | 258.1% | 232.9% | 309.6% | 149.2% | 139.2% |
| Capex / depreciation | 2.93 | 2.91 | 2.74 | 2.07 | 0.00 | 2.10 | 2.71 | 3.16 | 3.18 | 2.94 |
| Stock-based compensation / revenue | — | — | 0.3% | 0.3% | −15.4% | −17.9% | 0.7% | 0.5% | 0.4% | 0.5% |
| SG&A / revenue | — | — | — | 19.4% | 21.3% | 22.8% | 22.6% | 21.2% | 22.4% | 21.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 31.0 | 24.0 | 26.7 | 24.2 | 22.4 | 23.4 | 22.3 | 25.4 | 29.3 | 27.9 |
| Days of inventory on hand | 40.7 | 52.9 | 53.2 | 41.7 | 40.0 | 41.5 | 36.5 | 35.6 | 37.9 | 37.3 |
| Days payables outstanding | 71.9 | 94.8 | 108.8 | 87.2 | 70.2 | 74.7 | 80.4 | 83.6 | 78.5 | 70.9 |
| Cash conversion cycle (days) | -0.3 | -17.9 | -28.9 | -21.2 | -7.8 | -9.8 | -21.6 | -22.6 | -11.4 | -5.7 |
| Receivables turnover | 11.79 | 15.22 | 13.65 | 15.10 | 16.31 | 15.60 | 16.40 | 14.38 | 12.46 | 13.08 |
| Payables turnover | 5.07 | 3.85 | 3.35 | 4.19 | 5.20 | 4.89 | 4.54 | 4.37 | 4.65 | 5.15 |
| Inventory turnover | 8.96 | 6.90 | 6.87 | 8.74 | 9.13 | 8.80 | 9.99 | 10.27 | 9.64 | 9.79 |
| Asset turnover | 0.18 | 0.18 | 0.19 | 0.22 | 0.20 | 0.20 | 0.23 | 0.24 | 0.25 | 0.26 |
| Average receivables | $370.0M | $261.5M | $295.0M | $278.5M | $225.0M | $219.0M | $222.5M | $245.8M | $271.4M | $253.9M |
| Average payables | $515.0M | $571.5M | $683.5M | $596.0M | $406.5M | $399.5M | $482.6M | $510.3M | $461.3M | $423.9M |
| Average inventory | $291.5M | $319.0M | $334.0M | $285.5M | $231.5M | $222.0M | $219.4M | $217.1M | $222.3M | $222.9M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from LNT's annual financial statements (latest annual report filed February 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LNT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Alliant Energy traded at 20.7 times earnings, against a 10-year median of 20.8. Based on the latest twelve months, the trailing P/E is 21.6 and the forward P/E is 17.5. Alliant Energy earned a return on equity of 11.3% and a return on invested capital of 5.6% in fiscal 2025. It ended the year with $12.3 billion of debt and $556.0 million in cash and short-term investments, net debt of $11.8 billion. It returned $521.0 million to shareholders: $521.0 million in dividends and $0 in share buybacks. The share count rose 13.5% from 227.1M to 257.8M over 9 years.
See the LNT income statement, the LNT chart for price history, or the LNT stock overview for the latest quote and news.
LNT key metrics FAQ
What is Alliant Energy's P/E ratio?
Alliant Energy's trailing P/E ratio is 21.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.5. At the end of fiscal 2025 it was 20.7, compared with a 10-year median of 20.8.
What is Alliant Energy's EV/EBITDA?
Alliant Energy's enterprise value was 14.1 times EBITDA at the end of fiscal 2025 (enterprise value $28.5 billion, EBITDA $2.0 billion); the current EV/EBITDA is 14.0.
What is Alliant Energy's return on equity?
Alliant Energy's return on equity (ROE) was 11.3% in fiscal 2025: net income of $810.0 million on average shareholders' equity of $7.2 billion.
What is Alliant Energy's ROIC?
Alliant Energy's return on invested capital was 5.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Alliant Energy have?
Alliant Energy had total debt of $12.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.68 and $11.8 billion of net debt (5.84 times EBITDA).
What is Alliant Energy's dividend yield?
Alliant Energy's forward dividend yield is 3.13%. Alliant Energy paid $521.0 million in dividends in fiscal 2025 ($2.02 per share), a payout ratio of 64.3%.
What is Alliant Energy's free cash flow yield?
Alliant Energy generated -$1.3 billion of free cash flow in fiscal 2025, a free cash flow yield of −7.8% on its market value at year-end ($16.8 billion).
What is Alliant Energy's current ratio?
Alliant Energy's current ratio was 0.80 at the end of fiscal 2025: current assets were 0.80 times current liabilities.
Utilities - Regulated Electric key metrics
- EDNEmpresa Distribuidora y Comercializadora Norte Sociedad Anónima
- CEPUCentral Puerto
- CIGCompanhia Energética de Minas Gerais
- CIG.CEnergy of Minas Gerais Co DRC
- DUKDuke Energy
- SOSouthern Company
- SOMNSouthern
- NEENextEra Energy
- ELPCCompanhia Paranaense de Energia - COPEL
- PCGPG&E
- EXCExelon
- AEPAmerican Electric Power