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Evergy vs Alliant Energy: EVRG and LNT compared
Evergy is the larger company: $2.1B of revenue in its latest quarter (Q3 2026) against $1.3B for Alliant Energy (Q3 2026). Evergy is growing faster (+16% against +6% a year earlier). Evergy is more profitable, with an operating margin of 38.6% against 30.3%.
Where the money goes: EVRG and LNT
Evergy (EVRG) · Q3 2026
Evergy, Q3 2026: revenue $2.1B (+16% year over year), operating margin 38.6%, net earnings $613M, operating cash flow $988M. The chart follows the revenue to costs, profit and cash.
Alliant Energy (LNT) · Q3 2026
Alliant Energy, Q3 2026: revenue $1.3B (+6% year over year), operating margin 30.3%, net earnings $398M, operating cash flow $428M. The chart follows the revenue to costs, profit and cash.
| Evergy (EVRG) | Alliant Energy (LNT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.1B | $1.3B |
| Revenue growth, Y/Y | +16% | +6% |
| Operating margin | 38.6% | 30.3% |
| Net earnings | $613M | $398M |
| Net margin | 29.2% | 31.0% |
| Operating cash flow | $988M | $428M |
| Free cash flow | $85.3M | — |
| Market value | $20.5B | $18.8B |
| P/E | 23.1× | 22.9× |
| Analysts’ mean target | $91.50 | $76.65 |
Where the revenue comes from
Alliant Energy
- IPL: $664M (52%)
- WPL: $595M (46%)
- Non-Utility and Other: $26.0M (2%)
Questions
Which is bigger, Evergy or Alliant Energy?
Evergy is the larger company: $2.1B of revenue in its latest quarter (Q3 2026) against $1.3B for Alliant Energy (Q3 2026).
Is Evergy or Alliant Energy growing faster?
Evergy is growing faster (+16% against +6% a year earlier).
Which is more profitable, Evergy or Alliant Energy?
Evergy is more profitable, with an operating margin of 38.6% against 30.3%.
More: Evergy earnings · how Evergy makes money · Alliant Energy earnings · how Alliant Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.