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Side-by-side financial comparison of Element Solutions Inc (ESI) 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 $840.0M, roughly 1.3× Element Solutions Inc). Alliant Energy runs the higher net margin — 13.4% vs 6.7%, a 6.7% gap on every dollar of revenue. On growth, Element Solutions Inc posted the faster year-over-year revenue change (41.0% vs 9.0%). Over the past eight quarters, Element Solutions Inc's revenue compounded faster (17.1% CAGR vs 1.5%).

Element Solutions Inc is an American specialty chemicals production corporation listed on the New York Stock Exchange.

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...

ESI vs LNT — Head-to-Head

Bigger by revenue
LNT
LNT
1.3× larger
LNT
$1.1B
$840.0M
ESI
Growing faster (revenue YoY)
ESI
ESI
+32.0% gap
ESI
41.0%
9.0%
LNT
Higher net margin
LNT
LNT
6.7% more per $
LNT
13.4%
6.7%
ESI
Faster 2-yr revenue CAGR
ESI
ESI
Annualised
ESI
17.1%
1.5%
LNT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ESI
ESI
LNT
LNT
Revenue
$840.0M
$1.1B
Net Profit
$56.0M
$142.0M
Gross Margin
38.4%
85.9%
Operating Margin
13.3%
18.4%
Net Margin
6.7%
13.4%
Revenue YoY
41.0%
9.0%
Net Profit YoY
-43.0%
-5.3%
EPS (diluted)
$0.23
$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
ESI
ESI
LNT
LNT
Q1 26
$840.0M
Q4 25
$676.2M
$1.1B
Q3 25
$656.1M
$1.2B
Q2 25
$625.2M
$961.0M
Q1 25
$593.7M
$1.1B
Q4 24
$624.2M
$975.0M
Q3 24
$645.0M
$1.1B
Q2 24
$612.7M
$894.0M
Net Profit
ESI
ESI
LNT
LNT
Q1 26
$56.0M
Q4 25
$6.2M
$142.0M
Q3 25
$39.3M
$281.0M
Q2 25
$47.4M
$174.0M
Q1 25
$98.0M
$213.0M
Q4 24
$54.7M
$150.0M
Q3 24
$40.3M
$295.0M
Q2 24
$93.2M
$87.0M
Gross Margin
ESI
ESI
LNT
LNT
Q1 26
38.4%
Q4 25
40.9%
85.9%
Q3 25
42.2%
86.3%
Q2 25
42.6%
84.3%
Q1 25
42.2%
86.0%
Q4 24
41.0%
84.7%
Q3 24
41.5%
84.7%
Q2 24
43.6%
83.6%
Operating Margin
ESI
ESI
LNT
LNT
Q1 26
13.3%
Q4 25
10.3%
18.4%
Q3 25
15.4%
28.8%
Q2 25
15.1%
23.2%
Q1 25
13.0%
22.8%
Q4 24
12.0%
22.7%
Q3 24
14.7%
29.0%
Q2 24
15.7%
14.5%
Net Margin
ESI
ESI
LNT
LNT
Q1 26
6.7%
Q4 25
0.9%
13.4%
Q3 25
6.0%
23.2%
Q2 25
7.6%
18.1%
Q1 25
16.5%
18.9%
Q4 24
8.8%
15.4%
Q3 24
6.2%
27.3%
Q2 24
15.2%
9.7%
EPS (diluted)
ESI
ESI
LNT
LNT
Q1 26
$0.23
Q4 25
$0.03
$0.54
Q3 25
$0.16
$1.09
Q2 25
$0.20
$0.68
Q1 25
$0.40
$0.83
Q4 24
$0.22
$0.58
Q3 24
$0.17
$1.15
Q2 24
$0.39
$0.34

Balance Sheet & Financial Strength

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

Metric
ESI
ESI
LNT
LNT
Cash + ST InvestmentsLiquidity on hand
$177.3M
$556.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$7.3B
Total Assets
$5.7B
$25.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESI
ESI
LNT
LNT
Q1 26
$177.3M
Q4 25
$626.5M
$556.0M
Q3 25
$594.3M
$753.0M
Q2 25
$529.9M
$329.0M
Q1 25
$499.2M
$25.0M
Q4 24
$359.4M
$81.0M
Q3 24
$376.0M
$827.0M
Q2 24
$309.3M
$92.0M
Total Debt
ESI
ESI
LNT
LNT
Q1 26
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.6B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$1.9B
Stockholders' Equity
ESI
ESI
LNT
LNT
Q1 26
$2.7B
Q4 25
$2.7B
$7.3B
Q3 25
$2.7B
$7.3B
Q2 25
$2.6B
$7.1B
Q1 25
$2.5B
$7.1B
Q4 24
$2.4B
$7.0B
Q3 24
$2.4B
$7.0B
Q2 24
$2.4B
$6.8B
Total Assets
ESI
ESI
LNT
LNT
Q1 26
$5.7B
Q4 25
$5.1B
$25.0B
Q3 25
$5.0B
$24.6B
Q2 25
$5.0B
$23.8B
Q1 25
$4.8B
$22.9B
Q4 24
$4.9B
$22.7B
Q3 24
$5.1B
$22.8B
Q2 24
$5.0B
$21.8B
Debt / Equity
ESI
ESI
LNT
LNT
Q1 26
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.62×
Q1 25
0.64×
Q4 24
0.76×
Q3 24
0.78×
Q2 24
0.81×

Cash Flow & Capital Efficiency

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

Metric
ESI
ESI
LNT
LNT
Operating Cash FlowLast quarter
$269.0M
Free Cash FlowOCF − Capex
$-74.2M
FCF MarginFCF / Revenue
-8.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESI
ESI
LNT
LNT
Q1 26
Q4 25
$269.0M
Q3 25
$100.1M
$408.0M
Q2 25
$243.0M
Q1 25
$26.0M
$249.0M
Q4 24
$254.0M
Q3 24
$98.5M
$351.0M
Q2 24
$255.0M
Free Cash Flow
ESI
ESI
LNT
LNT
Q1 26
$-74.2M
Q4 25
Q3 25
$83.6M
$-103.0M
Q2 25
$-179.0M
Q1 25
$15.0M
$-305.0M
Q4 24
Q3 24
$85.9M
$-59.0M
Q2 24
$-137.0M
FCF Margin
ESI
ESI
LNT
LNT
Q1 26
-8.8%
Q4 25
Q3 25
12.7%
-8.5%
Q2 25
-18.6%
Q1 25
2.5%
-27.0%
Q4 24
Q3 24
13.3%
-5.5%
Q2 24
-15.3%
Capex Intensity
ESI
ESI
LNT
LNT
Q1 26
3.0%
Q4 25
2.5%
Q3 25
2.5%
42.2%
Q2 25
2.8%
43.9%
Q1 25
1.9%
49.1%
Q4 24
3.6%
Q3 24
2.0%
37.9%
Q2 24
2.4%
43.8%
Cash Conversion
ESI
ESI
LNT
LNT
Q1 26
Q4 25
1.89×
Q3 25
2.55×
1.45×
Q2 25
1.40×
Q1 25
0.27×
1.17×
Q4 24
1.69×
Q3 24
2.44×
1.19×
Q2 24
2.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESI
ESI

Electronics ex-Metals$377.8M45%
Pass-through Metals$255.7M30%
Other$206.5M25%

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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