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

Alliant Energy is the larger business by last-quarter revenue ($1.1B vs $755.6M, roughly 1.4× STERLING INFRASTRUCTURE, INC.). Alliant Energy runs the higher net margin — 13.4% vs 11.6%, a 1.8% gap on every dollar of revenue. On growth, STERLING INFRASTRUCTURE, INC. posted the faster year-over-year revenue change (51.5% vs 9.0%). Over the past eight quarters, STERLING INFRASTRUCTURE, INC.'s revenue compounded faster (31.0% 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...

Sterling & Wilson is an Indian multinational engineering, procurement, and construction (EPC) company headquartered in Mumbai, Maharashtra. It operates across multiple sectors including renewable energy, data centers, diesel power generation, and mechanical, electrical, and plumbing (MEP) services. The company has delivered projects in over 30 countries, with execution teams located across Asia, the Middle East, Africa, Europe, and Australia.

LNT vs STRL — Head-to-Head

Bigger by revenue
LNT
LNT
1.4× larger
LNT
$1.1B
$755.6M
STRL
Growing faster (revenue YoY)
STRL
STRL
+42.5% gap
STRL
51.5%
9.0%
LNT
Higher net margin
LNT
LNT
1.8% more per $
LNT
13.4%
11.6%
STRL
Faster 2-yr revenue CAGR
STRL
STRL
Annualised
STRL
31.0%
1.5%
LNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LNT
LNT
STRL
STRL
Revenue
$1.1B
$755.6M
Net Profit
$142.0M
$87.6M
Gross Margin
85.9%
21.7%
Operating Margin
18.4%
15.9%
Net Margin
13.4%
11.6%
Revenue YoY
9.0%
51.5%
Net Profit YoY
-5.3%
-22.6%
EPS (diluted)
$0.54
$2.82

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
STRL
STRL
Q4 25
$1.1B
$755.6M
Q3 25
$1.2B
$689.0M
Q2 25
$961.0M
$614.5M
Q1 25
$1.1B
$430.9M
Q4 24
$975.0M
$498.8M
Q3 24
$1.1B
$593.7M
Q2 24
$894.0M
$582.8M
Q1 24
$1.0B
$440.4M
Net Profit
LNT
LNT
STRL
STRL
Q4 25
$142.0M
$87.6M
Q3 25
$281.0M
$92.1M
Q2 25
$174.0M
$71.0M
Q1 25
$213.0M
$39.5M
Q4 24
$150.0M
$113.2M
Q3 24
$295.0M
$61.3M
Q2 24
$87.0M
$51.9M
Q1 24
$158.0M
$31.0M
Gross Margin
LNT
LNT
STRL
STRL
Q4 25
85.9%
21.7%
Q3 25
86.3%
24.7%
Q2 25
84.3%
23.3%
Q1 25
86.0%
22.0%
Q4 24
84.7%
21.4%
Q3 24
84.7%
21.9%
Q2 24
83.6%
19.3%
Q1 24
85.3%
17.5%
Operating Margin
LNT
LNT
STRL
STRL
Q4 25
18.4%
15.9%
Q3 25
28.8%
18.2%
Q2 25
23.2%
17.0%
Q1 25
22.8%
13.0%
Q4 24
22.7%
12.5%
Q3 24
29.0%
14.7%
Q2 24
14.5%
12.5%
Q1 24
21.5%
9.6%
Net Margin
LNT
LNT
STRL
STRL
Q4 25
13.4%
11.6%
Q3 25
23.2%
13.4%
Q2 25
18.1%
11.6%
Q1 25
18.9%
9.2%
Q4 24
15.4%
22.7%
Q3 24
27.3%
10.3%
Q2 24
9.7%
8.9%
Q1 24
15.3%
7.1%
EPS (diluted)
LNT
LNT
STRL
STRL
Q4 25
$0.54
$2.82
Q3 25
$1.09
$2.97
Q2 25
$0.68
$2.31
Q1 25
$0.83
$1.28
Q4 24
$0.58
$3.63
Q3 24
$1.15
$1.97
Q2 24
$0.34
$1.67
Q1 24
$0.62
$1.00

Balance Sheet & Financial Strength

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

Metric
LNT
LNT
STRL
STRL
Cash + ST InvestmentsLiquidity on hand
$556.0M
$390.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.3B
$1.1B
Total Assets
$25.0B
$2.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LNT
LNT
STRL
STRL
Q4 25
$556.0M
$390.7M
Q3 25
$753.0M
$306.4M
Q2 25
$329.0M
$699.4M
Q1 25
$25.0M
$638.6M
Q4 24
$81.0M
$664.2M
Q3 24
$827.0M
$648.1M
Q2 24
$92.0M
$540.0M
Q1 24
$32.0M
$480.4M
Stockholders' Equity
LNT
LNT
STRL
STRL
Q4 25
$7.3B
$1.1B
Q3 25
$7.3B
$1.1B
Q2 25
$7.1B
$881.7M
Q1 25
$7.1B
$805.4M
Q4 24
$7.0B
$808.1M
Q3 24
$7.0B
$716.5M
Q2 24
$6.8B
$670.7M
Q1 24
$6.8B
$644.6M
Total Assets
LNT
LNT
STRL
STRL
Q4 25
$25.0B
$2.6B
Q3 25
$24.6B
$2.6B
Q2 25
$23.8B
$2.2B
Q1 25
$22.9B
$2.0B
Q4 24
$22.7B
$2.0B
Q3 24
$22.8B
$2.0B
Q2 24
$21.8B
$2.0B
Q1 24
$21.2B
$1.8B

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
STRL
STRL
Operating Cash FlowLast quarter
$269.0M
$186.1M
Free Cash FlowOCF − Capex
$159.7M
FCF MarginFCF / Revenue
21.1%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
1.89×
2.12×
TTM Free Cash FlowTrailing 4 quarters
$362.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LNT
LNT
STRL
STRL
Q4 25
$269.0M
$186.1M
Q3 25
$408.0M
$83.6M
Q2 25
$243.0M
$85.4M
Q1 25
$249.0M
$84.9M
Q4 24
$254.0M
$174.3M
Q3 24
$351.0M
$152.3M
Q2 24
$255.0M
$121.0M
Q1 24
$307.0M
$49.6M
Free Cash Flow
LNT
LNT
STRL
STRL
Q4 25
$159.7M
Q3 25
$-103.0M
$64.0M
Q2 25
$-179.0M
$72.1M
Q1 25
$-305.0M
$67.0M
Q4 24
$158.6M
Q3 24
$-59.0M
$138.3M
Q2 24
$-137.0M
$92.1M
Q1 24
$-171.0M
$27.2M
FCF Margin
LNT
LNT
STRL
STRL
Q4 25
21.1%
Q3 25
-8.5%
9.3%
Q2 25
-18.6%
11.7%
Q1 25
-27.0%
15.5%
Q4 24
31.8%
Q3 24
-5.5%
23.3%
Q2 24
-15.3%
15.8%
Q1 24
-16.6%
6.2%
Capex Intensity
LNT
LNT
STRL
STRL
Q4 25
3.5%
Q3 25
42.2%
2.9%
Q2 25
43.9%
2.2%
Q1 25
49.1%
4.2%
Q4 24
3.1%
Q3 24
37.9%
2.4%
Q2 24
43.8%
5.0%
Q1 24
46.4%
5.1%
Cash Conversion
LNT
LNT
STRL
STRL
Q4 25
1.89×
2.12×
Q3 25
1.45×
0.91×
Q2 25
1.40×
1.20×
Q1 25
1.17×
2.15×
Q4 24
1.69×
1.54×
Q3 24
1.19×
2.48×
Q2 24
2.93×
2.33×
Q1 24
1.94×
1.60×

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%

STRL
STRL

Lump Sum$464.9M62%
Heavy Highway$99.6M13%
Residential Construction$70.4M9%
Road And Highway Builders LLC$52.4M7%
Other Revenue$36.6M5%
Aviation$16.6M2%
Commercial$11.4M2%
Related Party$600.0K0%

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