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

UGI CORP is the larger business by last-quarter revenue ($2.1B vs $1.1B, roughly 1.9× Alliant Energy). UGI CORP runs the higher net margin — 14.4% vs 13.4%, a 1.0% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs 3.9%). Over the past eight quarters, Alliant Energy's revenue compounded faster (1.5% CAGR vs -7.5%).

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...

UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.

LNT vs UGI — Head-to-Head

Bigger by revenue
UGI
UGI
1.9× larger
UGI
$2.1B
$1.1B
LNT
Growing faster (revenue YoY)
LNT
LNT
+5.2% gap
LNT
9.0%
3.9%
UGI
Higher net margin
UGI
UGI
1.0% more per $
UGI
14.4%
13.4%
LNT
Faster 2-yr revenue CAGR
LNT
LNT
Annualised
LNT
1.5%
-7.5%
UGI

Income Statement — Q4 2025 vs Q1 2026

Metric
LNT
LNT
UGI
UGI
Revenue
$1.1B
$2.1B
Net Profit
$142.0M
$297.0M
Gross Margin
85.9%
Operating Margin
18.4%
22.0%
Net Margin
13.4%
14.4%
Revenue YoY
9.0%
3.9%
Net Profit YoY
-5.3%
-20.8%
EPS (diluted)
$0.54
$1.34

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
UGI
UGI
Q4 25
$1.1B
$2.1B
Q3 25
$1.2B
$1.2B
Q2 25
$961.0M
$1.4B
Q1 25
$1.1B
$2.6B
Q4 24
$975.0M
$2.0B
Q3 24
$1.1B
$1.2B
Q2 24
$894.0M
$1.4B
Q1 24
$1.0B
$2.4B
Net Profit
LNT
LNT
UGI
UGI
Q4 25
$142.0M
$297.0M
Q3 25
$281.0M
$-13.0M
Q2 25
$174.0M
$-163.0M
Q1 25
$213.0M
$479.0M
Q4 24
$150.0M
$375.0M
Q3 24
$295.0M
$-273.0M
Q2 24
$87.0M
$-48.0M
Q1 24
$158.0M
$496.0M
Gross Margin
LNT
LNT
UGI
UGI
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
UGI
UGI
Q4 25
18.4%
22.0%
Q3 25
28.8%
1.1%
Q2 25
23.2%
-6.8%
Q1 25
22.8%
26.6%
Q4 24
22.7%
24.5%
Q3 24
29.0%
-20.4%
Q2 24
14.5%
5.0%
Q1 24
21.5%
29.7%
Net Margin
LNT
LNT
UGI
UGI
Q4 25
13.4%
14.4%
Q3 25
23.2%
-1.1%
Q2 25
18.1%
-12.0%
Q1 25
18.9%
18.2%
Q4 24
15.4%
18.9%
Q3 24
27.3%
-22.6%
Q2 24
9.7%
-3.6%
Q1 24
15.3%
20.6%
EPS (diluted)
LNT
LNT
UGI
UGI
Q4 25
$0.54
$1.34
Q3 25
$1.09
$-0.08
Q2 25
$0.68
$-0.76
Q1 25
$0.83
$2.19
Q4 24
$0.58
$1.74
Q3 24
$1.15
$-1.26
Q2 24
$0.34
$-0.23
Q1 24
$0.62
$2.30

Balance Sheet & Financial Strength

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

Metric
LNT
LNT
UGI
UGI
Cash + ST InvestmentsLiquidity on hand
$556.0M
$251.0M
Total DebtLower is stronger
$6.0B
Stockholders' EquityBook value
$7.3B
$5.0B
Total Assets
$25.0B
$15.8B
Debt / EquityLower = less leverage
1.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LNT
LNT
UGI
UGI
Q4 25
$556.0M
$251.0M
Q3 25
$753.0M
$335.0M
Q2 25
$329.0M
$350.0M
Q1 25
$25.0M
$426.0M
Q4 24
$81.0M
$240.0M
Q3 24
$827.0M
$213.0M
Q2 24
$92.0M
$183.0M
Q1 24
$32.0M
$263.0M
Total Debt
LNT
LNT
UGI
UGI
Q4 25
$6.0B
Q3 25
$6.5B
Q2 25
$5.7B
Q1 25
$6.6B
Q4 24
$6.6B
Q3 24
$6.4B
Q2 24
$6.3B
Q1 24
$6.7B
Stockholders' Equity
LNT
LNT
UGI
UGI
Q4 25
$7.3B
$5.0B
Q3 25
$7.3B
$4.8B
Q2 25
$7.1B
$4.9B
Q1 25
$7.1B
$5.0B
Q4 24
$7.0B
$4.6B
Q3 24
$7.0B
$4.3B
Q2 24
$6.8B
$4.7B
Q1 24
$6.8B
$4.8B
Total Assets
LNT
LNT
UGI
UGI
Q4 25
$25.0B
$15.8B
Q3 25
$24.6B
$15.5B
Q2 25
$23.8B
$15.4B
Q1 25
$22.9B
$15.7B
Q4 24
$22.7B
$15.4B
Q3 24
$22.8B
$15.1B
Q2 24
$21.8B
$15.1B
Q1 24
$21.2B
$15.6B
Debt / Equity
LNT
LNT
UGI
UGI
Q4 25
1.19×
Q3 25
1.37×
Q2 25
1.17×
Q1 25
1.32×
Q4 24
1.44×
Q3 24
1.48×
Q2 24
1.34×
Q1 24
1.40×

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
UGI
UGI
Operating Cash FlowLast quarter
$269.0M
$66.0M
Free Cash FlowOCF − Capex
$-155.0M
FCF MarginFCF / Revenue
-7.5%
Capex IntensityCapex / Revenue
10.7%
Cash ConversionOCF / Net Profit
1.89×
0.22×
TTM Free Cash FlowTrailing 4 quarters
$282.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LNT
LNT
UGI
UGI
Q4 25
$269.0M
$66.0M
Q3 25
$408.0M
$90.0M
Q2 25
$243.0M
$289.0M
Q1 25
$249.0M
$684.0M
Q4 24
$254.0M
$164.0M
Q3 24
$351.0M
$151.0M
Q2 24
$255.0M
$390.0M
Q1 24
$307.0M
$522.0M
Free Cash Flow
LNT
LNT
UGI
UGI
Q4 25
$-155.0M
Q3 25
$-103.0M
$-168.0M
Q2 25
$-179.0M
$67.0M
Q1 25
$-305.0M
$538.0M
Q4 24
$-47.0M
Q3 24
$-59.0M
$-115.0M
Q2 24
$-137.0M
$185.0M
Q1 24
$-171.0M
$353.0M
FCF Margin
LNT
LNT
UGI
UGI
Q4 25
-7.5%
Q3 25
-8.5%
-14.4%
Q2 25
-18.6%
4.9%
Q1 25
-27.0%
20.4%
Q4 24
-2.4%
Q3 24
-5.5%
-9.5%
Q2 24
-15.3%
13.7%
Q1 24
-16.6%
14.6%
Capex Intensity
LNT
LNT
UGI
UGI
Q4 25
10.7%
Q3 25
42.2%
22.1%
Q2 25
43.9%
16.3%
Q1 25
49.1%
5.5%
Q4 24
10.6%
Q3 24
37.9%
22.0%
Q2 24
43.8%
15.2%
Q1 24
46.4%
7.0%
Cash Conversion
LNT
LNT
UGI
UGI
Q4 25
1.89×
0.22×
Q3 25
1.45×
Q2 25
1.40×
Q1 25
1.17×
1.43×
Q4 24
1.69×
0.44×
Q3 24
1.19×
Q2 24
2.93×
Q1 24
1.94×
1.05×

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%

UGI
UGI

Segment breakdown not available.

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