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

Alliant Energy is the larger business by last-quarter revenue ($1.1B vs $822.5M, roughly 1.3× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 13.4%, a 21.3% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 9.0%). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs 1.5%).

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...

MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.

LNT vs MSCI — Head-to-Head

Bigger by revenue
LNT
LNT
1.3× larger
LNT
$1.1B
$822.5M
MSCI
Growing faster (revenue YoY)
MSCI
MSCI
+1.6% gap
MSCI
10.6%
9.0%
LNT
Higher net margin
MSCI
MSCI
21.3% more per $
MSCI
34.6%
13.4%
LNT
Faster 2-yr revenue CAGR
MSCI
MSCI
Annualised
MSCI
10.0%
1.5%
LNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LNT
LNT
MSCI
MSCI
Revenue
$1.1B
$822.5M
Net Profit
$142.0M
$284.7M
Gross Margin
85.9%
Operating Margin
18.4%
56.4%
Net Margin
13.4%
34.6%
Revenue YoY
9.0%
10.6%
Net Profit YoY
-5.3%
-6.8%
EPS (diluted)
$0.54
$3.81

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
LNT
LNT
MSCI
MSCI
Q4 25
$1.1B
$822.5M
Q3 25
$1.2B
$793.4M
Q2 25
$961.0M
$772.7M
Q1 25
$1.1B
$745.8M
Q4 24
$975.0M
$743.5M
Q3 24
$1.1B
$724.7M
Q2 24
$894.0M
$707.9M
Q1 24
$1.0B
$680.0M
Net Profit
LNT
LNT
MSCI
MSCI
Q4 25
$142.0M
$284.7M
Q3 25
$281.0M
$325.4M
Q2 25
$174.0M
$303.6M
Q1 25
$213.0M
$288.6M
Q4 24
$150.0M
$305.5M
Q3 24
$295.0M
$280.9M
Q2 24
$87.0M
$266.8M
Q1 24
$158.0M
$256.0M
Gross Margin
LNT
LNT
MSCI
MSCI
Q4 25
85.9%
Q3 25
86.3%
Q2 25
84.3%
Q1 25
86.0%
Q4 24
84.7%
Q3 24
84.7%
Q2 24
83.6%
Q1 24
85.3%
Operating Margin
LNT
LNT
MSCI
MSCI
Q4 25
18.4%
56.4%
Q3 25
28.8%
56.4%
Q2 25
23.2%
55.0%
Q1 25
22.8%
50.6%
Q4 24
22.7%
54.5%
Q3 24
29.0%
55.4%
Q2 24
14.5%
54.0%
Q1 24
21.5%
49.9%
Net Margin
LNT
LNT
MSCI
MSCI
Q4 25
13.4%
34.6%
Q3 25
23.2%
41.0%
Q2 25
18.1%
39.3%
Q1 25
18.9%
38.7%
Q4 24
15.4%
41.1%
Q3 24
27.3%
38.8%
Q2 24
9.7%
37.7%
Q1 24
15.3%
37.6%
EPS (diluted)
LNT
LNT
MSCI
MSCI
Q4 25
$0.54
$3.81
Q3 25
$1.09
$4.25
Q2 25
$0.68
$3.92
Q1 25
$0.83
$3.71
Q4 24
$0.58
$3.89
Q3 24
$1.15
$3.57
Q2 24
$0.34
$3.37
Q1 24
$0.62
$3.22

Balance Sheet & Financial Strength

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

Metric
LNT
LNT
MSCI
MSCI
Cash + ST InvestmentsLiquidity on hand
$556.0M
$515.3M
Total DebtLower is stronger
$6.2B
Stockholders' EquityBook value
$7.3B
$-2.7B
Total Assets
$25.0B
$5.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LNT
LNT
MSCI
MSCI
Q4 25
$556.0M
$515.3M
Q3 25
$753.0M
$400.1M
Q2 25
$329.0M
$347.3M
Q1 25
$25.0M
$360.7M
Q4 24
$81.0M
$409.4M
Q3 24
$827.0M
$501.0M
Q2 24
$92.0M
$451.4M
Q1 24
$32.0M
$519.3M
Total Debt
LNT
LNT
MSCI
MSCI
Q4 25
$6.2B
Q3 25
$5.5B
Q2 25
$4.5B
Q1 25
$4.5B
Q4 24
$4.5B
Q3 24
$4.5B
Q2 24
$4.5B
Q1 24
$4.5B
Stockholders' Equity
LNT
LNT
MSCI
MSCI
Q4 25
$7.3B
$-2.7B
Q3 25
$7.3B
$-1.9B
Q2 25
$7.1B
$-886.2M
Q1 25
$7.1B
$-958.6M
Q4 24
$7.0B
$-940.0M
Q3 24
$7.0B
$-751.0M
Q2 24
$6.8B
$-734.5M
Q1 24
$6.8B
$-650.5M
Total Assets
LNT
LNT
MSCI
MSCI
Q4 25
$25.0B
$5.7B
Q3 25
$24.6B
$5.4B
Q2 25
$23.8B
$5.4B
Q1 25
$22.9B
$5.3B
Q4 24
$22.7B
$5.4B
Q3 24
$22.8B
$5.4B
Q2 24
$21.8B
$5.5B
Q1 24
$21.2B
$5.5B

Cash Flow & Capital Efficiency

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

Metric
LNT
LNT
MSCI
MSCI
Operating Cash FlowLast quarter
$269.0M
$501.1M
Free Cash FlowOCF − Capex
$488.7M
FCF MarginFCF / Revenue
59.4%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
1.89×
1.76×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LNT
LNT
MSCI
MSCI
Q4 25
$269.0M
$501.1M
Q3 25
$408.0M
$449.4M
Q2 25
$243.0M
$336.1M
Q1 25
$249.0M
$301.7M
Q4 24
$254.0M
$430.6M
Q3 24
$351.0M
$421.6M
Q2 24
$255.0M
$349.2M
Q1 24
$307.0M
$300.1M
Free Cash Flow
LNT
LNT
MSCI
MSCI
Q4 25
$488.7M
Q3 25
$-103.0M
$445.5M
Q2 25
$-179.0M
$324.7M
Q1 25
$-305.0M
$290.2M
Q4 24
$416.4M
Q3 24
$-59.0M
$415.0M
Q2 24
$-137.0M
$340.6M
Q1 24
$-171.0M
$295.9M
FCF Margin
LNT
LNT
MSCI
MSCI
Q4 25
59.4%
Q3 25
-8.5%
56.2%
Q2 25
-18.6%
42.0%
Q1 25
-27.0%
38.9%
Q4 24
56.0%
Q3 24
-5.5%
57.3%
Q2 24
-15.3%
48.1%
Q1 24
-16.6%
43.5%
Capex Intensity
LNT
LNT
MSCI
MSCI
Q4 25
1.5%
Q3 25
42.2%
0.5%
Q2 25
43.9%
1.5%
Q1 25
49.1%
1.5%
Q4 24
1.9%
Q3 24
37.9%
0.9%
Q2 24
43.8%
1.2%
Q1 24
46.4%
0.6%
Cash Conversion
LNT
LNT
MSCI
MSCI
Q4 25
1.89×
1.76×
Q3 25
1.45×
1.38×
Q2 25
1.40×
1.11×
Q1 25
1.17×
1.05×
Q4 24
1.69×
1.41×
Q3 24
1.19×
1.50×
Q2 24
2.93×
1.31×
Q1 24
1.94×
1.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

MSCI
MSCI

Recurring Subscriptions$246.4M30%
Asset Based Fees$211.7M26%
Analytics Segment$182.3M22%
Sustainability And Climate Segment$90.3M11%
Other$70.9M9%
Non Recurring$21.1M3%

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