Alliant Energy vs OGE Energy
Alliant Energy is the larger business, with $4.36bn of revenue in fiscal 2025 against $3.26bn for OGE Energy (1.3 times as much). Alliant Energy grew faster (9.6% against 9.2%). Alliant Energy kept more of each dollar of sales as profit: a net margin of 18.6% against 14.4%. OGE Energy carries less debt relative to equity (113.7% against 165.3%).
| Latest fiscal year | Alliant EnergyLNT, 2025 | OGE EnergyOGE, 2025 |
|---|---|---|
| Revenue | $4.36bn | $3.26bn |
| Revenue growth | 9.6% | 9.2% |
| Net income | $810m | $471m |
| Operating margin | 23.5% | 24.5% |
| Net margin | 18.6% | 14.4% |
| Return on equity | 11.3% | 9.8% |
| Free cash flow | −$1.11bn | $82.7m |
| Cash | $556m | $200,000 |
| Total debt | $12.13bn | $5.66bn |
| Debt to equity | 165.3% | 113.7% |
| Dividend per share | $2.03 | $1.69 |
| Dividend yield | 2.8% | 3.4% |
| Share buybacks | — | — |
| Employees | — | 2,248 |
| Market value | $18.72bn | $10.26bn |
| Price vs our value range | — | — |
| Moat score | 55 (Moderate) | 55 (Moderate) |
| Insider trades, 12 months | 0 buys, 1 sales | 1 buys, 3 sales |