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Side-by-side financial comparison of eXp World Holdings, Inc. (EXPI) and Alliant Energy (LNT). Click either name above to swap in a different company.

eXp World Holdings, Inc. is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.1× Alliant Energy). Alliant Energy runs the higher net margin — 13.4% vs -1.1%, a 14.4% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs 8.5%). Over the past eight quarters, eXp World Holdings, Inc.'s revenue compounded faster (12.4% CAGR vs 1.5%).

eXp World Holdings, Inc. is a global cloud-based real estate services provider. It operates the eXp Realty brokerage network, leverages immersive virtual 3D campus environments to support agent collaboration and operations, serves residential and commercial real estate markets across over 20 countries, and offers complementary services including mortgage, title insurance and professional development resources for real estate practitioners.

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...

EXPI vs LNT — Head-to-Head

Bigger by revenue
EXPI
EXPI
1.1× larger
EXPI
$1.2B
$1.1B
LNT
Growing faster (revenue YoY)
LNT
LNT
+0.5% gap
LNT
9.0%
8.5%
EXPI
Higher net margin
LNT
LNT
14.4% more per $
LNT
13.4%
-1.1%
EXPI
Faster 2-yr revenue CAGR
EXPI
EXPI
Annualised
EXPI
12.4%
1.5%
LNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EXPI
EXPI
LNT
LNT
Revenue
$1.2B
$1.1B
Net Profit
$-12.9M
$142.0M
Gross Margin
85.9%
Operating Margin
-1.1%
18.4%
Net Margin
-1.1%
13.4%
Revenue YoY
8.5%
9.0%
Net Profit YoY
-35.7%
-5.3%
EPS (diluted)
$-0.08
$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
EXPI
EXPI
LNT
LNT
Q4 25
$1.2B
$1.1B
Q3 25
$1.3B
$1.2B
Q2 25
$1.3B
$961.0M
Q1 25
$954.9M
$1.1B
Q4 24
$1.1B
$975.0M
Q3 24
$1.2B
$1.1B
Q2 24
$1.3B
$894.0M
Q1 24
$943.1M
$1.0B
Net Profit
EXPI
EXPI
LNT
LNT
Q4 25
$-12.9M
$142.0M
Q3 25
$3.5M
$281.0M
Q2 25
$-2.3M
$174.0M
Q1 25
$-11.0M
$213.0M
Q4 24
$-9.5M
$150.0M
Q3 24
$-8.5M
$295.0M
Q2 24
$12.4M
$87.0M
Q1 24
$-15.6M
$158.0M
Gross Margin
EXPI
EXPI
LNT
LNT
Q4 25
85.9%
Q3 25
86.3%
Q2 25
84.3%
Q1 25
86.0%
Q4 24
84.7%
Q3 24
99.9%
84.7%
Q2 24
99.9%
83.6%
Q1 24
85.3%
Operating Margin
EXPI
EXPI
LNT
LNT
Q4 25
-1.1%
18.4%
Q3 25
0.3%
28.8%
Q2 25
-0.2%
23.2%
Q1 25
-1.1%
22.8%
Q4 24
-1.0%
22.7%
Q3 24
-0.7%
29.0%
Q2 24
1.4%
14.5%
Q1 24
-1.9%
21.5%
Net Margin
EXPI
EXPI
LNT
LNT
Q4 25
-1.1%
13.4%
Q3 25
0.3%
23.2%
Q2 25
-0.2%
18.1%
Q1 25
-1.2%
18.9%
Q4 24
-0.9%
15.4%
Q3 24
-0.7%
27.3%
Q2 24
1.0%
9.7%
Q1 24
-1.7%
15.3%
EPS (diluted)
EXPI
EXPI
LNT
LNT
Q4 25
$-0.08
$0.54
Q3 25
$0.02
$1.09
Q2 25
$-0.01
$0.68
Q1 25
$-0.07
$0.83
Q4 24
$-0.06
$0.58
Q3 24
$-0.06
$1.15
Q2 24
$0.08
$0.34
Q1 24
$-0.10
$0.62

Balance Sheet & Financial Strength

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

Metric
EXPI
EXPI
LNT
LNT
Cash + ST InvestmentsLiquidity on hand
$124.2M
$556.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$242.8M
$7.3B
Total Assets
$442.5M
$25.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPI
EXPI
LNT
LNT
Q4 25
$124.2M
$556.0M
Q3 25
$112.8M
$753.0M
Q2 25
$94.6M
$329.0M
Q1 25
$115.7M
$25.0M
Q4 24
$113.6M
$81.0M
Q3 24
$130.4M
$827.0M
Q2 24
$108.4M
$92.0M
Q1 24
$109.2M
$32.0M
Stockholders' Equity
EXPI
EXPI
LNT
LNT
Q4 25
$242.8M
$7.3B
Q3 25
$235.3M
$7.3B
Q2 25
$218.4M
$7.1B
Q1 25
$212.0M
$7.1B
Q4 24
$204.9M
$7.0B
Q3 24
$211.1M
$7.0B
Q2 24
$220.3M
$6.8B
Q1 24
$222.4M
$6.8B
Total Assets
EXPI
EXPI
LNT
LNT
Q4 25
$442.5M
$25.0B
Q3 25
$458.7M
$24.6B
Q2 25
$481.2M
$23.8B
Q1 25
$435.8M
$22.9B
Q4 24
$390.7M
$22.7B
Q3 24
$432.6M
$22.8B
Q2 24
$457.4M
$21.8B
Q1 24
$426.7M
$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
EXPI
EXPI
LNT
LNT
Operating Cash FlowLast quarter
$13.8M
$269.0M
Free Cash FlowOCF − Capex
$11.9M
FCF MarginFCF / Revenue
1.0%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$109.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPI
EXPI
LNT
LNT
Q4 25
$13.8M
$269.0M
Q3 25
$28.9M
$408.0M
Q2 25
$36.1M
$243.0M
Q1 25
$39.8M
$249.0M
Q4 24
$13.7M
$254.0M
Q3 24
$46.0M
$351.0M
Q2 24
$71.1M
$255.0M
Q1 24
$60.7M
$307.0M
Free Cash Flow
EXPI
EXPI
LNT
LNT
Q4 25
$11.9M
Q3 25
$26.6M
$-103.0M
Q2 25
$33.3M
$-179.0M
Q1 25
$37.3M
$-305.0M
Q4 24
$11.6M
Q3 24
$44.4M
$-59.0M
Q2 24
$69.7M
$-137.0M
Q1 24
$59.3M
$-171.0M
FCF Margin
EXPI
EXPI
LNT
LNT
Q4 25
1.0%
Q3 25
2.0%
-8.5%
Q2 25
2.5%
-18.6%
Q1 25
3.9%
-27.0%
Q4 24
1.1%
Q3 24
3.6%
-5.5%
Q2 24
5.4%
-15.3%
Q1 24
6.3%
-16.6%
Capex Intensity
EXPI
EXPI
LNT
LNT
Q4 25
0.2%
Q3 25
0.2%
42.2%
Q2 25
0.2%
43.9%
Q1 25
0.3%
49.1%
Q4 24
0.2%
Q3 24
0.1%
37.9%
Q2 24
0.1%
43.8%
Q1 24
0.1%
46.4%
Cash Conversion
EXPI
EXPI
LNT
LNT
Q4 25
1.89×
Q3 25
8.26×
1.45×
Q2 25
1.40×
Q1 25
1.17×
Q4 24
1.69×
Q3 24
1.19×
Q2 24
5.75×
2.93×
Q1 24
1.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXPI
EXPI

North American Realty$1.1B96%
International Realty$42.2M4%

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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