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MARKETS / NASDAQ / LNT
NASDAQ · ELECTRIC & OTHER SERVICES COMBINED · LARGE CAP

Alliant Energy Corp. LNT

18 fiscal years on record · USD · FY2025 reported · SEC filings only
8 YEARS OF DIVIDEND GROWTH
$4.4B
▲ 9.6% YoY
$810.0M
▲ 17.4% YoY
In brief

What this company does

Alliant Energy provides regulated electric and natural gas service to approximately 1,010,000 electric and approximately 435,000 natural gas customers in the Midwest through its two public utility subsidiaries, IPL and WPL. Alliant Energy maintains its principal executive offices in Madison, Wisconsin. IPL is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Iowa. At December 31, 2025, IPL supplied electric and natural gas service to approximately 505,000 and 230,000 retail customers, respectively, in Iowa. WPL is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Wisconsin. At December 31, 2025, WPL supplied electric and natural gas service to approximately 505,000 and 205,000 retail customers, respectively.

Written from the business description in ALLIANT ENERGY CORP's annual report to the U.S. Securities and Exchange Commission, filed 20 February 2026. Every sentence was checked against that document before publication.

Growth
USD 4.4B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.4 · Net income 0.8
2B4B2008201120142017202020232025
Compound annual growth
+1.2%
+5.0%
+3.0%
+2.0%
+5.7%
+5.4%
+7.6%
+6.7%
+4.8%
+4.9%
+5.9%
+6.0%
+6.8%
+6.7%
+7.7%
+7.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.0% a year over five years — but profit grew faster: net income at +5.4%, earnings per share at +4.9%.

The share count rose from 0.25B to 0.26B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
19 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 23.5% · Net 18.6%
10%20%2008201120142017202020232025
ROE
FY2025 · ROE 11.3%
5%10%2008201120142017202020232025

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders
USD 521.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2022 · FCF -1.0
-0.4B-0.8B2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 521.0 · Net buybacks —
200M400M2008201120142017202020232025
Dividends paidUSD 521.0M
Net buybacks
Share of profit64.3%
Consecutive raises8 years (since the 2017 share-count change)

USD 521.0M in dividends — 64% of the year's profit went back to shareholders.

Total assetsUSD 25.0B
EquityUSD 7.3B
CashUSD 556.0M
Gross debtUSD 12.0B
Net debtUSD 11.5B
Current ratio0.80×

Net debt stands at 156% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B4.44.04.04.23.73.43.63.53.43.33.33.43.33.13.23.33.43.7
Operating income $B1.00.90.90.90.80.70.80.70.70.60.60.50.50.50.50.60.40.5
EBITDA $B1.91.71.61.61.51.41.31.21.1·········
Income tax $B−0.1−0.10.00.0−0.1−0.10.10.00.10.10.10.00.10.10.10.1−0.00.1
Net income $B0.80.70.70.70.70.60.60.50.50.40.40.40.40.30.30.30.10.3
Free cash flow $B···−1.0−0.6−0.9−1.0−1.1−0.9−0.8−0.2−0.0−0.1−0.30.00.1−0.5·
EPS, diluted $3.142.692.782.732.632.472.332.191.991.641.681.733.232.892.742.601.012.61
Dividend / sh $2.031.921.811.711.611.521.421.341.261.181.101.021.881.801.701.581.501.40
Payout %6471656260605960627064575559585712850
ROE %11.310.010.811.211.511.511.611.911.39.810.811.711.710.910.910.84.610.9
Shares out B0.260.260.260.250.250.250.250.240.230.230.230.220.220.110.110.110.110.11

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 16 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityElectric & Other Services Combined
Listed onNASDAQ
Incorporated inWisconsin
Fiscal year endsDecember 31
Data on record since2008

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