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Side-by-side financial comparison of ILLUMINA, INC. (ILMN) and Alliant Energy (LNT). Click either name above to swap in a different company.

ILLUMINA, INC. is the larger business by last-quarter revenue ($1.1B vs $1.1B, roughly 1.0× Alliant Energy). Alliant Energy runs the higher net margin — 13.4% vs 12.3%, a 1.1% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs 4.8%). Over the past eight quarters, Alliant Energy's revenue compounded faster (1.5% CAGR vs -1.3%).

Illumina, Inc. is an American biotechnology company, headquartered in San Diego, California. Incorporated on April 1, 1998, Illumina develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function. The company provides a line of products and services that serves the sequencing, genotyping and gene expression, and proteomics markets, and serves more than 155 countries.

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...

ILMN vs LNT — Head-to-Head

Bigger by revenue
ILMN
ILMN
1.0× larger
ILMN
$1.1B
$1.1B
LNT
Growing faster (revenue YoY)
LNT
LNT
+4.2% gap
LNT
9.0%
4.8%
ILMN
Higher net margin
LNT
LNT
1.1% more per $
LNT
13.4%
12.3%
ILMN
Faster 2-yr revenue CAGR
LNT
LNT
Annualised
LNT
1.5%
-1.3%
ILMN

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
ILMN
ILMN
LNT
LNT
Revenue
$1.1B
$1.1B
Net Profit
$134.0M
$142.0M
Gross Margin
66.1%
85.9%
Operating Margin
19.2%
18.4%
Net Margin
12.3%
13.4%
Revenue YoY
4.8%
9.0%
Net Profit YoY
-5.3%
EPS (diluted)
$0.87
$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
ILMN
ILMN
LNT
LNT
Q1 26
$1.1B
Q4 25
$1.2B
$1.1B
Q3 25
$1.2B
Q2 25
$961.0M
Q1 25
$1.1B
Q4 24
$1.1B
$975.0M
Q3 24
$1.1B
$1.1B
Q2 24
$1.1B
$894.0M
Net Profit
ILMN
ILMN
LNT
LNT
Q1 26
$134.0M
Q4 25
$334.0M
$142.0M
Q3 25
$281.0M
Q2 25
$174.0M
Q1 25
$213.0M
Q4 24
$186.0M
$150.0M
Q3 24
$705.0M
$295.0M
Q2 24
$-2.0B
$87.0M
Gross Margin
ILMN
ILMN
LNT
LNT
Q1 26
66.1%
Q4 25
65.5%
85.9%
Q3 25
86.3%
Q2 25
84.3%
Q1 25
86.0%
Q4 24
65.9%
84.7%
Q3 24
69.0%
84.7%
Q2 24
64.8%
83.6%
Operating Margin
ILMN
ILMN
LNT
LNT
Q1 26
19.2%
Q4 25
17.4%
18.4%
Q3 25
28.8%
Q2 25
23.2%
Q1 25
22.8%
Q4 24
15.8%
22.7%
Q3 24
68.6%
29.0%
Q2 24
-147.2%
14.5%
Net Margin
ILMN
ILMN
LNT
LNT
Q1 26
12.3%
Q4 25
28.8%
13.4%
Q3 25
23.2%
Q2 25
18.1%
Q1 25
18.9%
Q4 24
16.8%
15.4%
Q3 24
65.3%
27.3%
Q2 24
-178.8%
9.7%
EPS (diluted)
ILMN
ILMN
LNT
LNT
Q1 26
$0.87
Q4 25
$2.16
$0.54
Q3 25
$1.09
Q2 25
$0.68
Q1 25
$0.83
Q4 24
$1.16
$0.58
Q3 24
$4.42
$1.15
Q2 24
$-12.48
$0.34

Balance Sheet & Financial Strength

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

Metric
ILMN
ILMN
LNT
LNT
Cash + ST InvestmentsLiquidity on hand
$1.2B
$556.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$7.3B
Total Assets
$6.6B
$25.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ILMN
ILMN
LNT
LNT
Q1 26
$1.2B
Q4 25
$1.6B
$556.0M
Q3 25
$753.0M
Q2 25
$329.0M
Q1 25
$25.0M
Q4 24
$93.0M
$81.0M
Q3 24
$70.0M
$827.0M
Q2 24
$74.0M
$92.0M
Stockholders' Equity
ILMN
ILMN
LNT
LNT
Q1 26
$2.7B
Q4 25
$2.7B
$7.3B
Q3 25
$7.3B
Q2 25
$7.1B
Q1 25
$7.1B
Q4 24
$2.4B
$7.0B
Q3 24
$2.1B
$7.0B
Q2 24
$1.4B
$6.8B
Total Assets
ILMN
ILMN
LNT
LNT
Q1 26
$6.6B
Q4 25
$6.6B
$25.0B
Q3 25
$24.6B
Q2 25
$23.8B
Q1 25
$22.9B
Q4 24
$6.3B
$22.7B
Q3 24
$6.0B
$22.8B
Q2 24
$6.1B
$21.8B

Cash Flow & Capital Efficiency

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

Metric
ILMN
ILMN
LNT
LNT
Operating Cash FlowLast quarter
$289.0M
$269.0M
Free Cash FlowOCF − Capex
$251.0M
FCF MarginFCF / Revenue
23.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.16×
1.89×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ILMN
ILMN
LNT
LNT
Q1 26
$289.0M
Q4 25
$321.0M
$269.0M
Q3 25
$408.0M
Q2 25
$243.0M
Q1 25
$249.0M
Q4 24
$364.0M
$254.0M
Q3 24
$316.0M
$351.0M
Q2 24
$80.0M
$255.0M
Free Cash Flow
ILMN
ILMN
LNT
LNT
Q1 26
$251.0M
Q4 25
$267.0M
Q3 25
$-103.0M
Q2 25
$-179.0M
Q1 25
$-305.0M
Q4 24
$335.0M
Q3 24
$284.0M
$-59.0M
Q2 24
$49.0M
$-137.0M
FCF Margin
ILMN
ILMN
LNT
LNT
Q1 26
23.0%
Q4 25
23.0%
Q3 25
-8.5%
Q2 25
-18.6%
Q1 25
-27.0%
Q4 24
30.3%
Q3 24
26.3%
-5.5%
Q2 24
4.4%
-15.3%
Capex Intensity
ILMN
ILMN
LNT
LNT
Q1 26
Q4 25
Q3 25
42.2%
Q2 25
43.9%
Q1 25
49.1%
Q4 24
2.6%
Q3 24
3.0%
37.9%
Q2 24
2.8%
43.8%
Cash Conversion
ILMN
ILMN
LNT
LNT
Q1 26
2.16×
Q4 25
0.96×
1.89×
Q3 25
1.45×
Q2 25
1.40×
Q1 25
1.17×
Q4 24
1.96×
1.69×
Q3 24
0.45×
1.19×
Q2 24
2.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ILMN
ILMN

Product revenue$917.0M84%
Service and other revenue$174.0M16%

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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