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

VEON Ltd. is the larger business by last-quarter revenue ($1.1B vs $1.1B, roughly 1.0× Alliant Energy). VEON Ltd. runs the higher net margin — 55.9% vs 13.4%, a 42.6% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs 5.8%).

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...

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

LNT vs VEON — Head-to-Head

Bigger by revenue
VEON
VEON
1.0× larger
VEON
$1.1B
$1.1B
LNT
Growing faster (revenue YoY)
LNT
LNT
+3.2% gap
LNT
9.0%
5.8%
VEON
Higher net margin
VEON
VEON
42.6% more per $
VEON
55.9%
13.4%
LNT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
LNT
LNT
VEON
VEON
Revenue
$1.1B
$1.1B
Net Profit
$142.0M
$608.0M
Gross Margin
85.9%
Operating Margin
18.4%
75.4%
Net Margin
13.4%
55.9%
Revenue YoY
9.0%
5.8%
Net Profit YoY
-5.3%
583.1%
EPS (diluted)
$0.54
$0.34

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
VEON
VEON
Q4 25
$1.1B
Q3 25
$1.2B
Q2 25
$961.0M
$1.1B
Q1 25
$1.1B
Q4 24
$975.0M
Q3 24
$1.1B
Q2 24
$894.0M
$1.0B
Q1 24
$1.0B
Net Profit
LNT
LNT
VEON
VEON
Q4 25
$142.0M
Q3 25
$281.0M
Q2 25
$174.0M
$608.0M
Q1 25
$213.0M
Q4 24
$150.0M
Q3 24
$295.0M
Q2 24
$87.0M
$89.0M
Q1 24
$158.0M
Gross Margin
LNT
LNT
VEON
VEON
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
VEON
VEON
Q4 25
18.4%
Q3 25
28.8%
Q2 25
23.2%
75.4%
Q1 25
22.8%
Q4 24
22.7%
Q3 24
29.0%
Q2 24
14.5%
27.1%
Q1 24
21.5%
Net Margin
LNT
LNT
VEON
VEON
Q4 25
13.4%
Q3 25
23.2%
Q2 25
18.1%
55.9%
Q1 25
18.9%
Q4 24
15.4%
Q3 24
27.3%
Q2 24
9.7%
8.7%
Q1 24
15.3%
EPS (diluted)
LNT
LNT
VEON
VEON
Q4 25
$0.54
Q3 25
$1.09
Q2 25
$0.68
$0.34
Q1 25
$0.83
Q4 24
$0.58
Q3 24
$1.15
Q2 24
$0.34
$0.04
Q1 24
$0.62

Balance Sheet & Financial Strength

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

Metric
LNT
LNT
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$556.0M
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$7.3B
$1.5B
Total Assets
$25.0B
$8.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LNT
LNT
VEON
VEON
Q4 25
$556.0M
Q3 25
$753.0M
Q2 25
$329.0M
$1.3B
Q1 25
$25.0M
Q4 24
$81.0M
Q3 24
$827.0M
Q2 24
$92.0M
$862.0M
Q1 24
$32.0M
Stockholders' Equity
LNT
LNT
VEON
VEON
Q4 25
$7.3B
Q3 25
$7.3B
Q2 25
$7.1B
$1.5B
Q1 25
$7.1B
Q4 24
$7.0B
Q3 24
$7.0B
Q2 24
$6.8B
$1.1B
Q1 24
$6.8B
Total Assets
LNT
LNT
VEON
VEON
Q4 25
$25.0B
Q3 25
$24.6B
Q2 25
$23.8B
$8.5B
Q1 25
$22.9B
Q4 24
$22.7B
Q3 24
$22.8B
Q2 24
$21.8B
$7.3B
Q1 24
$21.2B

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
VEON
VEON
Operating Cash FlowLast quarter
$269.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LNT
LNT
VEON
VEON
Q4 25
$269.0M
Q3 25
$408.0M
Q2 25
$243.0M
Q1 25
$249.0M
Q4 24
$254.0M
Q3 24
$351.0M
Q2 24
$255.0M
Q1 24
$307.0M
Free Cash Flow
LNT
LNT
VEON
VEON
Q4 25
Q3 25
$-103.0M
Q2 25
$-179.0M
Q1 25
$-305.0M
Q4 24
Q3 24
$-59.0M
Q2 24
$-137.0M
Q1 24
$-171.0M
FCF Margin
LNT
LNT
VEON
VEON
Q4 25
Q3 25
-8.5%
Q2 25
-18.6%
Q1 25
-27.0%
Q4 24
Q3 24
-5.5%
Q2 24
-15.3%
Q1 24
-16.6%
Capex Intensity
LNT
LNT
VEON
VEON
Q4 25
Q3 25
42.2%
Q2 25
43.9%
Q1 25
49.1%
Q4 24
Q3 24
37.9%
Q2 24
43.8%
Q1 24
46.4%
Cash Conversion
LNT
LNT
VEON
VEON
Q4 25
1.89×
Q3 25
1.45×
Q2 25
1.40×
Q1 25
1.17×
Q4 24
1.69×
Q3 24
1.19×
Q2 24
2.93×
Q1 24
1.94×

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%

VEON
VEON

Segment breakdown not available.

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