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Side-by-side financial comparison of DOCUSIGN, INC. (DOCU) 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 $818.4M, roughly 1.3× DOCUSIGN, INC.). Alliant Energy runs the higher net margin — 13.4% vs 10.2%, a 3.1% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs 8.4%).

Docusign, Inc. is an American software company headquartered in San Francisco, California that provides products for organizations to manage electronic agreements with electronic signatures on different devices. As of 2025, Docusign has about 1.7 million clients in 180 countries. Signatures processed by Docusign are compliant with the US ESIGN Act and the European Union's eIDAS regulation, including EU Advanced and EU Qualified Signatures.

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...

DOCU vs LNT — Head-to-Head

Bigger by revenue
LNT
LNT
1.3× larger
LNT
$1.1B
$818.4M
DOCU
Growing faster (revenue YoY)
LNT
LNT
+0.6% gap
LNT
9.0%
8.4%
DOCU
Higher net margin
LNT
LNT
3.1% more per $
LNT
13.4%
10.2%
DOCU

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
DOCU
DOCU
LNT
LNT
Revenue
$818.4M
$1.1B
Net Profit
$83.7M
$142.0M
Gross Margin
79.2%
85.9%
Operating Margin
10.4%
18.4%
Net Margin
10.2%
13.4%
Revenue YoY
8.4%
9.0%
Net Profit YoY
34.1%
-5.3%
EPS (diluted)
$0.40
$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
DOCU
DOCU
LNT
LNT
Q4 25
$818.4M
$1.1B
Q3 25
$800.6M
$1.2B
Q2 25
$763.7M
$961.0M
Q1 25
$1.1B
Q4 24
$975.0M
Q3 24
$1.1B
Q2 24
$894.0M
Q1 24
$1.0B
Net Profit
DOCU
DOCU
LNT
LNT
Q4 25
$83.7M
$142.0M
Q3 25
$63.0M
$281.0M
Q2 25
$72.1M
$174.0M
Q1 25
$213.0M
Q4 24
$150.0M
Q3 24
$295.0M
Q2 24
$87.0M
Q1 24
$158.0M
Gross Margin
DOCU
DOCU
LNT
LNT
Q4 25
79.2%
85.9%
Q3 25
79.3%
86.3%
Q2 25
79.4%
84.3%
Q1 25
86.0%
Q4 24
84.7%
Q3 24
84.7%
Q2 24
83.6%
Q1 24
85.3%
Operating Margin
DOCU
DOCU
LNT
LNT
Q4 25
10.4%
18.4%
Q3 25
8.1%
28.8%
Q2 25
7.9%
23.2%
Q1 25
22.8%
Q4 24
22.7%
Q3 24
29.0%
Q2 24
14.5%
Q1 24
21.5%
Net Margin
DOCU
DOCU
LNT
LNT
Q4 25
10.2%
13.4%
Q3 25
7.9%
23.2%
Q2 25
9.4%
18.1%
Q1 25
18.9%
Q4 24
15.4%
Q3 24
27.3%
Q2 24
9.7%
Q1 24
15.3%
EPS (diluted)
DOCU
DOCU
LNT
LNT
Q4 25
$0.40
$0.54
Q3 25
$0.30
$1.09
Q2 25
$0.34
$0.68
Q1 25
$0.83
Q4 24
$0.58
Q3 24
$1.15
Q2 24
$0.34
Q1 24
$0.62

Balance Sheet & Financial Strength

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

Metric
DOCU
DOCU
LNT
LNT
Cash + ST InvestmentsLiquidity on hand
$583.3M
$556.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.0B
$7.3B
Total Assets
$4.0B
$25.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCU
DOCU
LNT
LNT
Q4 25
$583.3M
$556.0M
Q3 25
$600.0M
$753.0M
Q2 25
$657.4M
$329.0M
Q1 25
$25.0M
Q4 24
$81.0M
Q3 24
$827.0M
Q2 24
$92.0M
Q1 24
$32.0M
Stockholders' Equity
DOCU
DOCU
LNT
LNT
Q4 25
$2.0B
$7.3B
Q3 25
$2.0B
$7.3B
Q2 25
$2.0B
$7.1B
Q1 25
$7.1B
Q4 24
$7.0B
Q3 24
$7.0B
Q2 24
$6.8B
Q1 24
$6.8B
Total Assets
DOCU
DOCU
LNT
LNT
Q4 25
$4.0B
$25.0B
Q3 25
$3.9B
$24.6B
Q2 25
$3.9B
$23.8B
Q1 25
$22.9B
Q4 24
$22.7B
Q3 24
$22.8B
Q2 24
$21.8B
Q1 24
$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
DOCU
DOCU
LNT
LNT
Operating Cash FlowLast quarter
$290.3M
$269.0M
Free Cash FlowOCF − Capex
$262.9M
FCF MarginFCF / Revenue
32.1%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
3.47×
1.89×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCU
DOCU
LNT
LNT
Q4 25
$290.3M
$269.0M
Q3 25
$246.1M
$408.0M
Q2 25
$251.4M
$243.0M
Q1 25
$249.0M
Q4 24
$254.0M
Q3 24
$351.0M
Q2 24
$255.0M
Q1 24
$307.0M
Free Cash Flow
DOCU
DOCU
LNT
LNT
Q4 25
$262.9M
Q3 25
$217.6M
$-103.0M
Q2 25
$227.8M
$-179.0M
Q1 25
$-305.0M
Q4 24
Q3 24
$-59.0M
Q2 24
$-137.0M
Q1 24
$-171.0M
FCF Margin
DOCU
DOCU
LNT
LNT
Q4 25
32.1%
Q3 25
27.2%
-8.5%
Q2 25
29.8%
-18.6%
Q1 25
-27.0%
Q4 24
Q3 24
-5.5%
Q2 24
-15.3%
Q1 24
-16.6%
Capex Intensity
DOCU
DOCU
LNT
LNT
Q4 25
3.3%
Q3 25
3.6%
42.2%
Q2 25
3.1%
43.9%
Q1 25
49.1%
Q4 24
Q3 24
37.9%
Q2 24
43.8%
Q1 24
46.4%
Cash Conversion
DOCU
DOCU
LNT
LNT
Q4 25
3.47×
1.89×
Q3 25
3.91×
1.45×
Q2 25
3.49×
1.40×
Q1 25
1.17×
Q4 24
1.69×
Q3 24
1.19×
Q2 24
2.93×
Q1 24
1.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOCU
DOCU

Subscription And Circulation$801.0M98%
Professional Services And Other$17.4M2%

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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