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Side-by-side financial comparison of ICU MEDICAL INC (ICUI) 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 $540.7M, roughly 2.0× ICU MEDICAL INC). Alliant Energy runs the higher net margin — 13.4% vs -2.9%, a 16.3% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs -14.1%). Over the past eight quarters, Alliant Energy's revenue compounded faster (1.5% CAGR vs -2.3%).

ICU Medical, Inc. is a medical technology company based in San Clemente, California. ICU Medical products are designed to prevent bloodstream infections and protect healthcare workers from exposure to infectious diseases or hazardous drugs. ICU Medical product line includes intravenous therapy (IV) products, pumps, needle-free vascular access devices, custom infusion sets, closed system hazardous drug handling devices and systems, sensor catheters, needle-free closed blood sampling systems, a...

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...

ICUI vs LNT — Head-to-Head

Bigger by revenue
LNT
LNT
2.0× larger
LNT
$1.1B
$540.7M
ICUI
Growing faster (revenue YoY)
LNT
LNT
+23.2% gap
LNT
9.0%
-14.1%
ICUI
Higher net margin
LNT
LNT
16.3% more per $
LNT
13.4%
-2.9%
ICUI
Faster 2-yr revenue CAGR
LNT
LNT
Annualised
LNT
1.5%
-2.3%
ICUI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ICUI
ICUI
LNT
LNT
Revenue
$540.7M
$1.1B
Net Profit
$-15.7M
$142.0M
Gross Margin
37.5%
85.9%
Operating Margin
1.0%
18.4%
Net Margin
-2.9%
13.4%
Revenue YoY
-14.1%
9.0%
Net Profit YoY
34.0%
-5.3%
EPS (diluted)
$-0.63
$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
ICUI
ICUI
LNT
LNT
Q4 25
$540.7M
$1.1B
Q3 25
$537.0M
$1.2B
Q2 25
$548.9M
$961.0M
Q1 25
$604.7M
$1.1B
Q4 24
$629.8M
$975.0M
Q3 24
$589.1M
$1.1B
Q2 24
$596.5M
$894.0M
Q1 24
$566.7M
$1.0B
Net Profit
ICUI
ICUI
LNT
LNT
Q4 25
$-15.7M
$142.0M
Q3 25
$-3.4M
$281.0M
Q2 25
$35.3M
$174.0M
Q1 25
$-15.5M
$213.0M
Q4 24
$-23.8M
$150.0M
Q3 24
$-33.0M
$295.0M
Q2 24
$-21.4M
$87.0M
Q1 24
$-39.5M
$158.0M
Gross Margin
ICUI
ICUI
LNT
LNT
Q4 25
37.5%
85.9%
Q3 25
37.4%
86.3%
Q2 25
37.9%
84.3%
Q1 25
34.7%
86.0%
Q4 24
36.1%
84.7%
Q3 24
34.8%
84.7%
Q2 24
34.8%
83.6%
Q1 24
32.7%
85.3%
Operating Margin
ICUI
ICUI
LNT
LNT
Q4 25
1.0%
18.4%
Q3 25
2.6%
28.8%
Q2 25
1.9%
23.2%
Q1 25
2.1%
22.8%
Q4 24
6.0%
22.7%
Q3 24
1.4%
29.0%
Q2 24
1.3%
14.5%
Q1 24
-1.9%
21.5%
Net Margin
ICUI
ICUI
LNT
LNT
Q4 25
-2.9%
13.4%
Q3 25
-0.6%
23.2%
Q2 25
6.4%
18.1%
Q1 25
-2.6%
18.9%
Q4 24
-3.8%
15.4%
Q3 24
-5.6%
27.3%
Q2 24
-3.6%
9.7%
Q1 24
-7.0%
15.3%
EPS (diluted)
ICUI
ICUI
LNT
LNT
Q4 25
$-0.63
$0.54
Q3 25
$-0.14
$1.09
Q2 25
$1.43
$0.68
Q1 25
$-0.63
$0.83
Q4 24
$-0.97
$0.58
Q3 24
$-1.35
$1.15
Q2 24
$-0.88
$0.34
Q1 24
$-1.63
$0.62

Balance Sheet & Financial Strength

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

Metric
ICUI
ICUI
LNT
LNT
Cash + ST InvestmentsLiquidity on hand
$556.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
$7.3B
Total Assets
$4.1B
$25.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICUI
ICUI
LNT
LNT
Q4 25
$556.0M
Q3 25
$753.0M
Q2 25
$329.0M
Q1 25
$25.0M
Q4 24
$308.6M
$81.0M
Q3 24
$312.5M
$827.0M
Q2 24
$302.6M
$92.0M
Q1 24
$251.4M
$32.0M
Stockholders' Equity
ICUI
ICUI
LNT
LNT
Q4 25
$2.1B
$7.3B
Q3 25
$2.1B
$7.3B
Q2 25
$2.1B
$7.1B
Q1 25
$2.0B
$7.1B
Q4 24
$2.0B
$7.0B
Q3 24
$2.0B
$7.0B
Q2 24
$2.0B
$6.8B
Q1 24
$2.1B
$6.8B
Total Assets
ICUI
ICUI
LNT
LNT
Q4 25
$4.1B
$25.0B
Q3 25
$4.1B
$24.6B
Q2 25
$4.1B
$23.8B
Q1 25
$4.2B
$22.9B
Q4 24
$4.2B
$22.7B
Q3 24
$4.3B
$22.8B
Q2 24
$4.3B
$21.8B
Q1 24
$4.3B
$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
ICUI
ICUI
LNT
LNT
Operating Cash FlowLast quarter
$60.6M
$269.0M
Free Cash FlowOCF − Capex
$36.0M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$91.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ICUI
ICUI
LNT
LNT
Q4 25
$60.6M
$269.0M
Q3 25
$56.7M
$408.0M
Q2 25
$11.2M
$243.0M
Q1 25
$51.3M
$249.0M
Q4 24
$40.2M
$254.0M
Q3 24
$36.1M
$351.0M
Q2 24
$82.0M
$255.0M
Q1 24
$45.8M
$307.0M
Free Cash Flow
ICUI
ICUI
LNT
LNT
Q4 25
$36.0M
Q3 25
$27.6M
$-103.0M
Q2 25
$-8.5M
$-179.0M
Q1 25
$36.7M
$-305.0M
Q4 24
$16.1M
Q3 24
$16.2M
$-59.0M
Q2 24
$62.5M
$-137.0M
Q1 24
$29.9M
$-171.0M
FCF Margin
ICUI
ICUI
LNT
LNT
Q4 25
6.6%
Q3 25
5.1%
-8.5%
Q2 25
-1.5%
-18.6%
Q1 25
6.1%
-27.0%
Q4 24
2.6%
Q3 24
2.7%
-5.5%
Q2 24
10.5%
-15.3%
Q1 24
5.3%
-16.6%
Capex Intensity
ICUI
ICUI
LNT
LNT
Q4 25
4.6%
Q3 25
5.4%
42.2%
Q2 25
3.6%
43.9%
Q1 25
2.4%
49.1%
Q4 24
3.8%
Q3 24
3.4%
37.9%
Q2 24
3.3%
43.8%
Q1 24
2.8%
46.4%
Cash Conversion
ICUI
ICUI
LNT
LNT
Q4 25
1.89×
Q3 25
1.45×
Q2 25
0.32×
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

ICUI
ICUI

Infusion Consumables$284.7M53%
Infusion Systems$176.3M33%
Vital Care$79.7M15%

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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