Alliant Energy vs Portland General Electric
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KIRA’s take AI analyst
I put Alliant Energy and Portland General Electric side by side, using each one’s latest annual report. Here is what stands out:
- Alliant Energy is the larger business, with $4.4B of revenue in fiscal 2025 against $3.6B for Portland General Electric.
- Alliant Energy grew revenue faster (9.6%, against 4.0%).
- Alliant Energy kept more of each dollar of sales as operating profit (23.5% operating margin, against 15.5%).
- Portland General Electric turned more of its sales into free cash flow (−2.0% FCF margin, against −25.4%).
- Investors pay more for each dollar of Alliant Energy’s earnings: a P/E of 21.8x against 19.4x for Portland General Electric.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Alliant Energy
LNT
7/10
Revenue growthOperating marginNet marginReturn on capitalReturn on equityPiotroski F-scoreShare count change
Portland General Electric
POR
3/10
5-year growthFCF marginNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | LNT FY25 | POR FY25 |
|---|---|---|
| Size | ||
| Market cap | $18.0B | $5.1B |
| Revenue | $4.4B | $3.6B |
| Free cash flow | −$1.1B | −$71.0M |
| Net income | $810M | $306M |
| Growth | ||
| Revenue growth | 9.6% | 4.0% |
| 5-year growth | 5.0% | 10.8% |
| Share count change | 0.4% | 6.3% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 23.5% | 15.5% |
| Net margin | 18.6% | 8.6% |
| FCF margin | −25.4% | −2.0% |
| Return on capital | 5.6% | 5.4% |
| Return on equity | 11.3% | 7.7% |
| Balance sheet | ||
| Net debt | $11.8B | $4.9B |
| Net debt / EBITDA | 6.3x | 4.3x |
| Dividends and buybacks | $521M | $225M |
| Valuation & quality | ||
| P/E | 21.8x | 19.4x |
| Piotroski F-score | 6 | 5 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.

