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Side-by-side financial comparison of ITRON, INC. (ITRI) 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 $587.0M, roughly 1.8× ITRON, INC.). Alliant Energy runs the higher net margin — 13.4% vs 9.1%, a 4.2% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs -3.3%). Over the past eight quarters, Alliant Energy's revenue compounded faster (1.5% CAGR vs -1.8%).
Itron, Inc. is an American technology company that offers products and services for energy and water resource management. It is headquartered in Liberty Lake, Washington, United States. The company's products measure and analyze electricity, gas and water consumption. Its products include electricity, gas, water and thermal energy measurement devices and control technology, communications systems, software, as well as managed and consulting services.
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...
ITRI vs LNT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $587.0M | $1.1B |
| Net Profit | $53.6M | $142.0M |
| Gross Margin | 40.3% | 85.9% |
| Operating Margin | 11.5% | 18.4% |
| Net Margin | 9.1% | 13.4% |
| Revenue YoY | -3.3% | 9.0% |
| Net Profit YoY | -18.0% | -5.3% |
| EPS (diluted) | $1.18 | $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.
| Q1 26 | $587.0M | — | ||
| Q4 25 | $571.7M | $1.1B | ||
| Q3 25 | $581.6M | $1.2B | ||
| Q2 25 | $606.8M | $961.0M | ||
| Q1 25 | $607.2M | $1.1B | ||
| Q4 24 | $612.9M | $975.0M | ||
| Q3 24 | $615.5M | $1.1B | ||
| Q2 24 | $609.1M | $894.0M |
| Q1 26 | $53.6M | — | ||
| Q4 25 | $101.6M | $142.0M | ||
| Q3 25 | $65.6M | $281.0M | ||
| Q2 25 | $68.3M | $174.0M | ||
| Q1 25 | $65.5M | $213.0M | ||
| Q4 24 | $58.1M | $150.0M | ||
| Q3 24 | $78.0M | $295.0M | ||
| Q2 24 | $51.3M | $87.0M |
| Q1 26 | 40.3% | — | ||
| Q4 25 | 40.5% | 85.9% | ||
| Q3 25 | 37.7% | 86.3% | ||
| Q2 25 | 36.9% | 84.3% | ||
| Q1 25 | 35.8% | 86.0% | ||
| Q4 24 | 34.9% | 84.7% | ||
| Q3 24 | 34.1% | 84.7% | ||
| Q2 24 | 34.6% | 83.6% |
| Q1 26 | 11.5% | — | ||
| Q4 25 | 13.8% | 18.4% | ||
| Q3 25 | 14.1% | 28.8% | ||
| Q2 25 | 12.6% | 23.2% | ||
| Q1 25 | 12.6% | 22.8% | ||
| Q4 24 | 10.2% | 22.7% | ||
| Q3 24 | 12.0% | 29.0% | ||
| Q2 24 | 10.6% | 14.5% |
| Q1 26 | 9.1% | — | ||
| Q4 25 | 17.8% | 13.4% | ||
| Q3 25 | 11.3% | 23.2% | ||
| Q2 25 | 11.3% | 18.1% | ||
| Q1 25 | 10.8% | 18.9% | ||
| Q4 24 | 9.5% | 15.4% | ||
| Q3 24 | 12.7% | 27.3% | ||
| Q2 24 | 8.4% | 9.7% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $2.20 | $0.54 | ||
| Q3 25 | $1.41 | $1.09 | ||
| Q2 25 | $1.47 | $0.68 | ||
| Q1 25 | $1.42 | $0.83 | ||
| Q4 24 | $1.26 | $0.58 | ||
| Q3 24 | $1.70 | $1.15 | ||
| Q2 24 | $1.10 | $0.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $712.9M | $556.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.6B | $7.3B |
| Total Assets | $4.0B | $25.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $712.9M | — | ||
| Q4 25 | $1.0B | $556.0M | ||
| Q3 25 | $1.3B | $753.0M | ||
| Q2 25 | $1.2B | $329.0M | ||
| Q1 25 | $1.1B | $25.0M | ||
| Q4 24 | $1.1B | $81.0M | ||
| Q3 24 | $982.5M | $827.0M | ||
| Q2 24 | $920.6M | $92.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.7B | $7.3B | ||
| Q3 25 | $1.7B | $7.3B | ||
| Q2 25 | $1.6B | $7.1B | ||
| Q1 25 | $1.5B | $7.1B | ||
| Q4 24 | $1.4B | $7.0B | ||
| Q3 24 | $1.3B | $7.0B | ||
| Q2 24 | $1.2B | $6.8B |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.7B | $25.0B | ||
| Q3 25 | $3.7B | $24.6B | ||
| Q2 25 | $3.6B | $23.8B | ||
| Q1 25 | $3.5B | $22.9B | ||
| Q4 24 | $3.4B | $22.7B | ||
| Q3 24 | $3.4B | $22.8B | ||
| Q2 24 | $3.3B | $21.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 0.94× | — | ||
| Q2 24 | 1.02× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $85.5M | $269.0M |
| Free Cash FlowOCF − Capex | $79.0M | — |
| FCF MarginFCF / Revenue | 13.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.60× | 1.89× |
| TTM Free Cash FlowTrailing 4 quarters | $394.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $85.5M | — | ||
| Q4 25 | $119.3M | $269.0M | ||
| Q3 25 | $117.8M | $408.0M | ||
| Q2 25 | $96.7M | $243.0M | ||
| Q1 25 | $72.1M | $249.0M | ||
| Q4 24 | $79.8M | $254.0M | ||
| Q3 24 | $65.3M | $351.0M | ||
| Q2 24 | $51.7M | $255.0M |
| Q1 26 | $79.0M | — | ||
| Q4 25 | $111.5M | — | ||
| Q3 25 | $113.4M | $-103.0M | ||
| Q2 25 | $90.7M | $-179.0M | ||
| Q1 25 | $67.5M | $-305.0M | ||
| Q4 24 | $70.2M | — | ||
| Q3 24 | $58.7M | $-59.0M | ||
| Q2 24 | $44.6M | $-137.0M |
| Q1 26 | 13.5% | — | ||
| Q4 25 | 19.5% | — | ||
| Q3 25 | 19.5% | -8.5% | ||
| Q2 25 | 14.9% | -18.6% | ||
| Q1 25 | 11.1% | -27.0% | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 9.5% | -5.5% | ||
| Q2 24 | 7.3% | -15.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | — | ||
| Q3 25 | 0.8% | 42.2% | ||
| Q2 25 | 1.0% | 43.9% | ||
| Q1 25 | 0.8% | 49.1% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.1% | 37.9% | ||
| Q2 24 | 1.2% | 43.8% |
| Q1 26 | 1.60× | — | ||
| Q4 25 | 1.17× | 1.89× | ||
| Q3 25 | 1.80× | 1.45× | ||
| Q2 25 | 1.41× | 1.40× | ||
| Q1 25 | 1.10× | 1.17× | ||
| Q4 24 | 1.37× | 1.69× | ||
| Q3 24 | 0.84× | 1.19× | ||
| Q2 24 | 1.01× | 2.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ITRI
| Product revenues | $477.8M | 81% |
| Service revenues | $109.2M | 19% |
LNT
| Retail Residential | $313.0M | 29% |
| Retail Industrial | $251.0M | 24% |
| Retail Commercial | $226.0M | 21% |
| Gas | $158.0M | 15% |
| Other Customer | $43.0M | 4% |
| Wholesale | $36.0M | 3% |
| Other Utility | $15.0M | 1% |
| Steam | $9.0M | 1% |
