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

Woodward, Inc. is the larger business by last-quarter revenue ($1.1B vs $1.1B, roughly 1.0× Alliant Energy). Alliant Energy runs the higher net margin — 13.4% vs 12.3%, a 1.1% gap on every dollar of revenue. On growth, Woodward, Inc. posted the faster year-over-year revenue change (23.4% vs 9.0%). Over the past eight quarters, Woodward, Inc.'s revenue compounded faster (13.4% 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...

Woodward, Inc. is an American designer, manufacturer, and service provider of control systems and control system components for aircraft, aircraft engines, industrial engines and turbines, power generation and mobile industrial equipment. The company also provides military devices and other equipment for defense.

LNT vs WWD — Head-to-Head

Bigger by revenue
WWD
WWD
1.0× larger
WWD
$1.1B
$1.1B
LNT
Growing faster (revenue YoY)
WWD
WWD
+14.4% gap
WWD
23.4%
9.0%
LNT
Higher net margin
LNT
LNT
1.1% more per $
LNT
13.4%
12.3%
WWD
Faster 2-yr revenue CAGR
WWD
WWD
Annualised
WWD
13.4%
1.5%
LNT

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
LNT
LNT
WWD
WWD
Revenue
$1.1B
$1.1B
Net Profit
$142.0M
$134.0M
Gross Margin
85.9%
29.0%
Operating Margin
18.4%
15.4%
Net Margin
13.4%
12.3%
Revenue YoY
9.0%
23.4%
Net Profit YoY
-5.3%
22.9%
EPS (diluted)
$0.54
$2.19

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
WWD
WWD
Q1 26
$1.1B
Q4 25
$1.1B
$996.5M
Q3 25
$1.2B
$995.3M
Q2 25
$961.0M
$915.4M
Q1 25
$1.1B
$883.6M
Q4 24
$975.0M
$772.7M
Q3 24
$1.1B
$854.5M
Q2 24
$894.0M
$847.7M
Net Profit
LNT
LNT
WWD
WWD
Q1 26
$134.0M
Q4 25
$142.0M
$133.7M
Q3 25
$281.0M
$137.6M
Q2 25
$174.0M
$108.4M
Q1 25
$213.0M
$108.9M
Q4 24
$150.0M
$87.1M
Q3 24
$295.0M
$83.3M
Q2 24
$87.0M
$102.1M
Gross Margin
LNT
LNT
WWD
WWD
Q1 26
29.0%
Q4 25
85.9%
29.3%
Q3 25
86.3%
27.9%
Q2 25
84.3%
27.2%
Q1 25
86.0%
27.2%
Q4 24
84.7%
24.5%
Q3 24
84.7%
24.3%
Q2 24
83.6%
27.1%
Operating Margin
LNT
LNT
WWD
WWD
Q1 26
15.4%
Q4 25
18.4%
17.0%
Q3 25
28.8%
16.1%
Q2 25
23.2%
13.9%
Q1 25
22.8%
15.0%
Q4 24
22.7%
13.2%
Q3 24
29.0%
11.9%
Q2 24
14.5%
14.4%
Net Margin
LNT
LNT
WWD
WWD
Q1 26
12.3%
Q4 25
13.4%
13.4%
Q3 25
23.2%
13.8%
Q2 25
18.1%
11.8%
Q1 25
18.9%
12.3%
Q4 24
15.4%
11.3%
Q3 24
27.3%
9.7%
Q2 24
9.7%
12.0%
EPS (diluted)
LNT
LNT
WWD
WWD
Q1 26
$2.19
Q4 25
$0.54
$2.17
Q3 25
$1.09
$2.23
Q2 25
$0.68
$1.76
Q1 25
$0.83
$1.78
Q4 24
$0.58
$1.42
Q3 24
$1.15
$1.36
Q2 24
$0.34
$1.63

Balance Sheet & Financial Strength

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

Metric
LNT
LNT
WWD
WWD
Cash + ST InvestmentsLiquidity on hand
$556.0M
$501.2M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$7.3B
$2.5B
Total Assets
$25.0B
$5.0B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LNT
LNT
WWD
WWD
Q1 26
$501.2M
Q4 25
$556.0M
$454.2M
Q3 25
$753.0M
$327.4M
Q2 25
$329.0M
$473.2M
Q1 25
$25.0M
$364.1M
Q4 24
$81.0M
$283.7M
Q3 24
$827.0M
$282.3M
Q2 24
$92.0M
$308.3M
Total Debt
LNT
LNT
WWD
WWD
Q1 26
$1.1B
Q4 25
Q3 25
$579.9M
Q2 25
Q1 25
Q4 24
Q3 24
$655.5M
Q2 24
Stockholders' Equity
LNT
LNT
WWD
WWD
Q1 26
$2.5B
Q4 25
$7.3B
$2.6B
Q3 25
$7.3B
$2.6B
Q2 25
$7.1B
$2.5B
Q1 25
$7.1B
$2.3B
Q4 24
$7.0B
$2.2B
Q3 24
$7.0B
$2.2B
Q2 24
$6.8B
$2.2B
Total Assets
LNT
LNT
WWD
WWD
Q1 26
$5.0B
Q4 25
$25.0B
$4.7B
Q3 25
$24.6B
$4.6B
Q2 25
$23.8B
$4.7B
Q1 25
$22.9B
$4.5B
Q4 24
$22.7B
$4.3B
Q3 24
$22.8B
$4.4B
Q2 24
$21.8B
$4.3B
Debt / Equity
LNT
LNT
WWD
WWD
Q1 26
0.43×
Q4 25
Q3 25
0.23×
Q2 25
Q1 25
Q4 24
Q3 24
0.30×
Q2 24

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
WWD
WWD
Operating Cash FlowLast quarter
$269.0M
$91.0M
Free Cash FlowOCF − Capex
$38.0M
FCF MarginFCF / Revenue
3.5%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
1.89×
0.68×
TTM Free Cash FlowTrailing 4 quarters
$388.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LNT
LNT
WWD
WWD
Q1 26
$91.0M
Q4 25
$269.0M
$114.4M
Q3 25
$408.0M
$233.3M
Q2 25
$243.0M
$125.6M
Q1 25
$249.0M
$77.8M
Q4 24
$254.0M
$34.5M
Q3 24
$351.0M
$141.8M
Q2 24
$255.0M
$153.2M
Free Cash Flow
LNT
LNT
WWD
WWD
Q1 26
$38.0M
Q4 25
$70.3M
Q3 25
$-103.0M
$180.9M
Q2 25
$-179.0M
$99.1M
Q1 25
$-305.0M
$59.4M
Q4 24
$942.0K
Q3 24
$-59.0M
$117.7M
Q2 24
$-137.0M
$137.3M
FCF Margin
LNT
LNT
WWD
WWD
Q1 26
3.5%
Q4 25
7.1%
Q3 25
-8.5%
18.2%
Q2 25
-18.6%
10.8%
Q1 25
-27.0%
6.7%
Q4 24
0.1%
Q3 24
-5.5%
13.8%
Q2 24
-15.3%
16.2%
Capex Intensity
LNT
LNT
WWD
WWD
Q1 26
4.9%
Q4 25
4.4%
Q3 25
42.2%
5.3%
Q2 25
43.9%
2.9%
Q1 25
49.1%
2.1%
Q4 24
4.3%
Q3 24
37.9%
2.8%
Q2 24
43.8%
1.9%
Cash Conversion
LNT
LNT
WWD
WWD
Q1 26
0.68×
Q4 25
1.89×
0.86×
Q3 25
1.45×
1.70×
Q2 25
1.40×
1.16×
Q1 25
1.17×
0.71×
Q4 24
1.69×
0.40×
Q3 24
1.19×
1.70×
Q2 24
2.93×
1.50×

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%

WWD
WWD

Segment breakdown not available.

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