Evergy
EVRG · Electric Utilities
$84.43
0.6%Alliant Energy
LNT · Electric Utilities
$69.66
0.9%The short version
- Evergy is the larger business, with $6.0B of revenue in fiscal 2025 against $4.4B for Alliant Energy.
- Alliant Energy grew revenue faster (9.6%, against 2.0%).
- Evergy kept more of each dollar of sales as operating profit (25.7% operating margin, against 23.5% operating margin).
- Evergy turned more of its sales into free cash flow (−12.6% FCF margin, against −25.4% FCF margin).
- Investors pay more for each dollar of Evergy’s earnings: a P/E of 22.5x against 21.8x for Alliant Energy.
| Latest fiscal year | EVRG · FY25 | LNT · FY25 |
|---|---|---|
| Size | ||
| Market cap | $19.9B | $18.0B |
| Revenue | $6.0B | $4.4B |
| Free cash flow | −$752M | −$1.1B |
| Net income | $856M | $810M |
| Growth | ||
| Revenue growth | 2.0% | 9.6% |
| 5-year growth | 3.9% | 5.0% |
| Share count change | 1.3% | 0.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 25.7% | 23.5% |
| Net margin | 14.4% | 18.6% |
| FCF margin | −12.6% | −25.4% |
| Return on capital | 6.1% | 5.6% |
| Return on equity | 8.5% | 11.3% |
| Balance sheet | ||
| Net debt | $14.9B | $11.8B |
| Net debt / EBITDA | 5.5x | 6.3x |
| Dividends and buybacks | $613M | $521M |
| Valuation & quality | ||
| P/E | 22.5x | 21.8x |
| Piotroski F-score | 3 | 6 |
FY16
EVRG $2.6B
LNT $3.3B
FY17
EVRG $2.6B
LNT $3.4B
FY18
EVRG $4.3B
LNT $3.5B
FY19
EVRG $5.1B
LNT $3.6B
FY20
EVRG $4.9B
LNT $3.4B
FY21
EVRG $5.6B
LNT $3.7B
FY22
EVRG $5.9B
LNT $4.2B
FY23
EVRG $5.5B
LNT $4.0B
FY24
EVRG $5.8B
LNT $4.0B
FY25
EVRG $6.0B
LNT $4.4B
EVRG
LNT
FY16
EVRG 27.4%
LNT 16.7%
FY17
EVRG 26.4%
LNT 19.9%
FY18
EVRG 21.8%
LNT 19.6%
FY19
EVRG 23.0%
LNT 21.3%
FY20
EVRG 23.3%
LNT 21.7%
FY21
EVRG 24.3%
LNT 21.7%
FY22
EVRG 21.6%
LNT 22.1%
FY23
EVRG 23.3%
LNT 23.4%
FY24
EVRG 25.1%
LNT 22.3%
FY25
EVRG 25.7%
LNT 23.5%
EVRG
LNT
FY16
EVRG −$283M
LNT −$804M
FY17
EVRG $148M
LNT −$945M
FY18
EVRG $428M
LNT −$1.1B
FY19
EVRG $539M
LNT −$980M
FY20
EVRG $194M
LNT −$865M
FY21
EVRG −$621M
LNT −$587M
FY22
EVRG −$365M
LNT −$998M
FY23
EVRG −$354M
LNT −$864M
FY24
EVRG −$353M
LNT −$885M
FY25
EVRG −$752M
LNT −$1.1B
EVRG
LNT
FY16
EVRG —
LNT 5.8%
FY17
EVRG —
LNT 6.5%
FY18
EVRG 6.8%
LNT 6.3%
FY19
EVRG 6.0%
LNT 6.1%
FY20
EVRG 5.5%
LNT 5.9%
FY21
EVRG 6.4%
LNT 5.9%
FY22
EVRG 6.2%
LNT 6.2%
FY23
EVRG 5.9%
LNT 6.0%
FY24
EVRG 6.1%
LNT 5.2%
FY25
EVRG 6.1%
LNT 5.6%
EVRG
LNT
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.