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Side-by-side financial comparison of CrossAmerica Partners LP (CAPL) and Alliant Energy (LNT). Click either name above to swap in a different company.

Alliant Energy is the larger business by last-quarter revenue ($1.1B vs $866.3M, roughly 1.2× CrossAmerica Partners LP). Alliant Energy runs the higher net margin — 13.4% vs 1.2%, a 12.2% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs -8.3%). Over the past eight quarters, Alliant Energy's revenue compounded faster (1.5% CAGR vs -4.1%).

TowerBrook Capital Partners, L.P. is an investment management firm headquartered in London and New York City. TowerBrook spun out of Soros Fund Management in 2005 and became known for acquiring majority stakes in companies such as Jimmy Choo. Managing $25+ billion in a number of private equity funds and structured opportunities funds, TowerBrook listed 110 investments on its website as of 2025.

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinoi...

CAPL vs LNT — Head-to-Head

Bigger by revenue
LNT
LNT
1.2× larger
LNT
$1.1B
$866.3M
CAPL
Growing faster (revenue YoY)
LNT
LNT
+17.3% gap
LNT
9.0%
-8.3%
CAPL
Higher net margin
LNT
LNT
12.2% more per $
LNT
13.4%
1.2%
CAPL
Faster 2-yr revenue CAGR
LNT
LNT
Annualised
LNT
1.5%
-4.1%
CAPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CAPL
CAPL
LNT
LNT
Revenue
$866.3M
$1.1B
Net Profit
$10.2M
$142.0M
Gross Margin
12.4%
85.9%
Operating Margin
3.0%
18.4%
Net Margin
1.2%
13.4%
Revenue YoY
-8.3%
9.0%
Net Profit YoY
-39.6%
-5.3%
EPS (diluted)
$0.24
$0.54

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CAPL
CAPL
LNT
LNT
Q4 25
$866.3M
$1.1B
Q3 25
$971.8M
$1.2B
Q2 25
$961.9M
$961.0M
Q1 25
$862.5M
$1.1B
Q4 24
$944.2M
$975.0M
Q3 24
$1.1B
$1.1B
Q2 24
$1.1B
$894.0M
Q1 24
$941.5M
$1.0B
Net Profit
CAPL
CAPL
LNT
LNT
Q4 25
$10.2M
$142.0M
Q3 25
$13.6M
$281.0M
Q2 25
$25.2M
$174.0M
Q1 25
$-7.1M
$213.0M
Q4 24
$16.9M
$150.0M
Q3 24
$10.7M
$295.0M
Q2 24
$12.4M
$87.0M
Q1 24
$-17.5M
$158.0M
Gross Margin
CAPL
CAPL
LNT
LNT
Q4 25
12.4%
85.9%
Q3 25
10.8%
86.3%
Q2 25
10.5%
84.3%
Q1 25
10.4%
86.0%
Q4 24
10.7%
84.7%
Q3 24
10.3%
84.7%
Q2 24
9.2%
83.6%
Q1 24
8.6%
85.3%
Operating Margin
CAPL
CAPL
LNT
LNT
Q4 25
3.0%
18.4%
Q3 25
2.9%
28.8%
Q2 25
4.3%
23.2%
Q1 25
0.2%
22.8%
Q4 24
3.0%
22.7%
Q3 24
2.5%
29.0%
Q2 24
2.5%
14.5%
Q1 24
-1.4%
21.5%
Net Margin
CAPL
CAPL
LNT
LNT
Q4 25
1.2%
13.4%
Q3 25
1.4%
23.2%
Q2 25
2.6%
18.1%
Q1 25
-0.8%
18.9%
Q4 24
1.8%
15.4%
Q3 24
1.0%
27.3%
Q2 24
1.1%
9.7%
Q1 24
-1.9%
15.3%
EPS (diluted)
CAPL
CAPL
LNT
LNT
Q4 25
$0.24
$0.54
Q3 25
$0.34
$1.09
Q2 25
$0.64
$0.68
Q1 25
$-0.20
$0.83
Q4 24
$0.42
$0.58
Q3 24
$0.27
$1.15
Q2 24
$0.31
$0.34
Q1 24
$-0.48
$0.62

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CAPL
CAPL
LNT
LNT
Cash + ST InvestmentsLiquidity on hand
$3.1M
$556.0M
Total DebtLower is stronger
$687.2M
Stockholders' EquityBook value
$7.3B
Total Assets
$964.7M
$25.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAPL
CAPL
LNT
LNT
Q4 25
$3.1M
$556.0M
Q3 25
$5.8M
$753.0M
Q2 25
$9.7M
$329.0M
Q1 25
$6.7M
$25.0M
Q4 24
$3.4M
$81.0M
Q3 24
$7.8M
$827.0M
Q2 24
$5.5M
$92.0M
Q1 24
$6.3M
$32.0M
Total Debt
CAPL
CAPL
LNT
LNT
Q4 25
$687.2M
Q3 25
$700.8M
Q2 25
$722.7M
Q1 25
$774.1M
Q4 24
$763.9M
Q3 24
$769.2M
Q2 24
$786.7M
Q1 24
$795.8M
Stockholders' Equity
CAPL
CAPL
LNT
LNT
Q4 25
$7.3B
Q3 25
$7.3B
Q2 25
$7.1B
Q1 25
$7.1B
Q4 24
$7.0B
Q3 24
$7.0B
Q2 24
$6.8B
Q1 24
$6.8B
Total Assets
CAPL
CAPL
LNT
LNT
Q4 25
$964.7M
$25.0B
Q3 25
$998.9M
$24.6B
Q2 25
$1.0B
$23.8B
Q1 25
$1.1B
$22.9B
Q4 24
$1.1B
$22.7B
Q3 24
$1.1B
$22.8B
Q2 24
$1.2B
$21.8B
Q1 24
$1.2B
$21.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CAPL
CAPL
LNT
LNT
Operating Cash FlowLast quarter
$29.4M
$269.0M
Free Cash FlowOCF − Capex
$22.4M
FCF MarginFCF / Revenue
2.6%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
2.89×
1.89×
TTM Free Cash FlowTrailing 4 quarters
$55.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAPL
CAPL
LNT
LNT
Q4 25
$29.4M
$269.0M
Q3 25
$24.4M
$408.0M
Q2 25
$22.6M
$243.0M
Q1 25
$15.0M
$249.0M
Q4 24
$11.1M
$254.0M
Q3 24
$41.9M
$351.0M
Q2 24
$28.9M
$255.0M
Q1 24
$5.8M
$307.0M
Free Cash Flow
CAPL
CAPL
LNT
LNT
Q4 25
$22.4M
Q3 25
$17.7M
$-103.0M
Q2 25
$10.8M
$-179.0M
Q1 25
$4.9M
$-305.0M
Q4 24
$3.9M
Q3 24
$34.2M
$-59.0M
Q2 24
$23.6M
$-137.0M
Q1 24
$-289.0K
$-171.0M
FCF Margin
CAPL
CAPL
LNT
LNT
Q4 25
2.6%
Q3 25
1.8%
-8.5%
Q2 25
1.1%
-18.6%
Q1 25
0.6%
-27.0%
Q4 24
0.4%
Q3 24
3.2%
-5.5%
Q2 24
2.1%
-15.3%
Q1 24
-0.0%
-16.6%
Capex Intensity
CAPL
CAPL
LNT
LNT
Q4 25
0.8%
Q3 25
0.7%
42.2%
Q2 25
1.2%
43.9%
Q1 25
1.2%
49.1%
Q4 24
0.8%
Q3 24
0.7%
37.9%
Q2 24
0.5%
43.8%
Q1 24
0.6%
46.4%
Cash Conversion
CAPL
CAPL
LNT
LNT
Q4 25
2.89×
1.89×
Q3 25
1.79×
1.45×
Q2 25
0.90×
1.40×
Q1 25
1.17×
Q4 24
0.66×
1.69×
Q3 24
3.92×
1.19×
Q2 24
2.33×
2.93×
Q1 24
1.94×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CAPL
CAPL

Retail Segment$505.3M58%
Wholesale$360.9M42%
Other$1.2M0%

LNT
LNT

Retail Residential$313.0M29%
Retail Industrial$251.0M24%
Retail Commercial$226.0M21%
Gas$158.0M15%
Other Customer$43.0M4%
Wholesale$36.0M3%
Other Utility$15.0M1%
Steam$9.0M1%

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