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Side-by-side financial comparison of Alliant Energy (LNT) and MSC INDUSTRIAL DIRECT CO INC (MSM). Click either name above to swap in a different company.

Alliant Energy is the larger business by last-quarter revenue ($1.1B vs $965.7M, roughly 1.1× MSC INDUSTRIAL DIRECT CO INC). Alliant Energy runs the higher net margin — 13.4% vs 5.4%, a 8.0% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs 4.0%). Over the past eight quarters, Alliant Energy's revenue compounded faster (1.5% CAGR vs -3.4%).

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...

MSC Industrial Direct Co., Inc (MSC), through its subsidiaries, primarily MSC Industrial Supply Co., is one of the largest industrial equipment distributors in the United States, distributing more than 1.5 million metalworking and other industrial products.

LNT vs MSM — Head-to-Head

Bigger by revenue
LNT
LNT
1.1× larger
LNT
$1.1B
$965.7M
MSM
Growing faster (revenue YoY)
LNT
LNT
+5.0% gap
LNT
9.0%
4.0%
MSM
Higher net margin
LNT
LNT
8.0% more per $
LNT
13.4%
5.4%
MSM
Faster 2-yr revenue CAGR
LNT
LNT
Annualised
LNT
1.5%
-3.4%
MSM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LNT
LNT
MSM
MSM
Revenue
$1.1B
$965.7M
Net Profit
$142.0M
$51.8M
Gross Margin
85.9%
40.7%
Operating Margin
18.4%
7.9%
Net Margin
13.4%
5.4%
Revenue YoY
9.0%
4.0%
Net Profit YoY
-5.3%
11.1%
EPS (diluted)
$0.54
$0.93

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
MSM
MSM
Q4 25
$1.1B
$965.7M
Q3 25
$1.2B
$978.2M
Q2 25
$961.0M
$971.1M
Q1 25
$1.1B
Q4 24
$975.0M
$928.5M
Q3 24
$1.1B
Q2 24
$894.0M
$979.4M
Q1 24
$1.0B
$935.3M
Net Profit
LNT
LNT
MSM
MSM
Q4 25
$142.0M
$51.8M
Q3 25
$281.0M
$56.5M
Q2 25
$174.0M
$56.8M
Q1 25
$213.0M
Q4 24
$150.0M
$46.6M
Q3 24
$295.0M
Q2 24
$87.0M
$71.7M
Q1 24
$158.0M
$61.8M
Gross Margin
LNT
LNT
MSM
MSM
Q4 25
85.9%
40.7%
Q3 25
86.3%
40.4%
Q2 25
84.3%
41.0%
Q1 25
86.0%
Q4 24
84.7%
40.7%
Q3 24
84.7%
Q2 24
83.6%
40.9%
Q1 24
85.3%
41.5%
Operating Margin
LNT
LNT
MSM
MSM
Q4 25
18.4%
7.9%
Q3 25
28.8%
8.6%
Q2 25
23.2%
8.5%
Q1 25
22.8%
Q4 24
22.7%
7.8%
Q3 24
29.0%
Q2 24
14.5%
10.9%
Q1 24
21.5%
9.7%
Net Margin
LNT
LNT
MSM
MSM
Q4 25
13.4%
5.4%
Q3 25
23.2%
5.8%
Q2 25
18.1%
5.9%
Q1 25
18.9%
Q4 24
15.4%
5.0%
Q3 24
27.3%
Q2 24
9.7%
7.3%
Q1 24
15.3%
6.6%
EPS (diluted)
LNT
LNT
MSM
MSM
Q4 25
$0.54
$0.93
Q3 25
$1.09
$1.02
Q2 25
$0.68
$1.02
Q1 25
$0.83
Q4 24
$0.58
$0.83
Q3 24
$1.15
Q2 24
$0.34
$1.27
Q1 24
$0.62
$1.10

Balance Sheet & Financial Strength

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

Metric
LNT
LNT
MSM
MSM
Cash + ST InvestmentsLiquidity on hand
$556.0M
$40.3M
Total DebtLower is stronger
$214.1M
Stockholders' EquityBook value
$7.3B
$1.4B
Total Assets
$25.0B
$2.5B
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LNT
LNT
MSM
MSM
Q4 25
$556.0M
$40.3M
Q3 25
$753.0M
$56.2M
Q2 25
$329.0M
$71.7M
Q1 25
$25.0M
Q4 24
$81.0M
$57.3M
Q3 24
$827.0M
Q2 24
$92.0M
$25.9M
Q1 24
$32.0M
$22.2M
Total Debt
LNT
LNT
MSM
MSM
Q4 25
$214.1M
Q3 25
$168.8M
Q2 25
$285.0M
Q1 25
Q4 24
$289.9M
Q3 24
Q2 24
$299.8M
Q1 24
$294.5M
Stockholders' Equity
LNT
LNT
MSM
MSM
Q4 25
$7.3B
$1.4B
Q3 25
$7.3B
$1.4B
Q2 25
$7.1B
$1.4B
Q1 25
$7.1B
Q4 24
$7.0B
$1.4B
Q3 24
$7.0B
Q2 24
$6.8B
$1.4B
Q1 24
$6.8B
$1.4B
Total Assets
LNT
LNT
MSM
MSM
Q4 25
$25.0B
$2.5B
Q3 25
$24.6B
$2.5B
Q2 25
$23.8B
$2.5B
Q1 25
$22.9B
Q4 24
$22.7B
$2.5B
Q3 24
$22.8B
Q2 24
$21.8B
$2.5B
Q1 24
$21.2B
$2.5B
Debt / Equity
LNT
LNT
MSM
MSM
Q4 25
0.16×
Q3 25
0.12×
Q2 25
0.21×
Q1 25
Q4 24
0.21×
Q3 24
Q2 24
0.21×
Q1 24
0.21×

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
MSM
MSM
Operating Cash FlowLast quarter
$269.0M
$29.4M
Free Cash FlowOCF − Capex
$7.4M
FCF MarginFCF / Revenue
0.8%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
1.89×
0.57×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LNT
LNT
MSM
MSM
Q4 25
$269.0M
$29.4M
Q3 25
$408.0M
Q2 25
$243.0M
$151.6M
Q1 25
$249.0M
Q4 24
$254.0M
$101.9M
Q3 24
$351.0M
Q2 24
$255.0M
$143.5M
Q1 24
$307.0M
$78.7M
Free Cash Flow
LNT
LNT
MSM
MSM
Q4 25
$7.4M
Q3 25
$-103.0M
Q2 25
$-179.0M
$100.7M
Q1 25
$-305.0M
Q4 24
$81.7M
Q3 24
$-59.0M
Q2 24
$-137.0M
$114.0M
Q1 24
$-171.0M
$53.4M
FCF Margin
LNT
LNT
MSM
MSM
Q4 25
0.8%
Q3 25
-8.5%
Q2 25
-18.6%
10.4%
Q1 25
-27.0%
Q4 24
8.8%
Q3 24
-5.5%
Q2 24
-15.3%
11.6%
Q1 24
-16.6%
5.7%
Capex Intensity
LNT
LNT
MSM
MSM
Q4 25
2.3%
Q3 25
42.2%
Q2 25
43.9%
5.2%
Q1 25
49.1%
Q4 24
2.2%
Q3 24
37.9%
Q2 24
43.8%
3.0%
Q1 24
46.4%
2.7%
Cash Conversion
LNT
LNT
MSM
MSM
Q4 25
1.89×
0.57×
Q3 25
1.45×
Q2 25
1.40×
2.67×
Q1 25
1.17×
Q4 24
1.69×
2.18×
Q3 24
1.19×
Q2 24
2.93×
2.00×
Q1 24
1.94×
1.27×

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%

MSM
MSM

Segment breakdown not available.

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