Evergy vs Alliant Energy
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KIRA’s take AI analyst
I put Evergy and Alliant Energy side by side, using each one’s latest annual report. Here is what stands out:
- 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%).
- Evergy turned more of its sales into free cash flow (−12.6% FCF margin, against −25.4%).
- Investors pay more for each dollar of Evergy’s earnings: a P/E of 22.5x against 21.8x for Alliant Energy.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Evergy
EVRG
4/10
Operating marginFCF marginReturn on capitalNet debt / EBITDA
Alliant Energy
LNT
6/10
Revenue growth5-year growthNet marginReturn on equityPiotroski F-scoreShare count change
Side by side
Best in the row
| 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 |
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.