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Alliant Energy vs NorthWestern Energy Group: LNT and NWE compared
Alliant Energy is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $424M for NorthWestern Energy Group (Q3 2026). NorthWestern Energy Group is growing faster (+10% against +6% a year earlier). Alliant Energy is more profitable, with an operating margin of 30.3% against 17.6%.
Where the money goes: LNT and NWE
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.
NorthWestern Energy Group (NWE) · Q3 2026
NorthWestern Energy Group, Q3 2026: revenue $424M (+10% year over year), operating margin 17.6%, net earnings $30.7M, operating cash flow $131M. The chart follows the revenue to costs, profit and cash.
| Alliant Energy (LNT) | NorthWestern Energy Group (NWE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.3B | $424M |
| Revenue growth, Y/Y | +6% | +10% |
| Operating margin | 30.3% | 17.6% |
| Net earnings | $398M | $30.7M |
| Net margin | 31.0% | 7.3% |
| Operating cash flow | $428M | $131M |
| Market value | $18.8B | $5.1B |
| P/E | 22.9× | 31.2× |
| Analysts’ mean target | $76.65 | $79.21 |
Where the revenue comes from
Alliant Energy
- IPL: $664M (52%)
- WPL: $595M (46%)
- Non-Utility and Other: $26.0M (2%)
Questions
Which is bigger, Alliant Energy or NorthWestern Energy Group?
Alliant Energy is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $424M for NorthWestern Energy Group (Q3 2026).
Is Alliant Energy or NorthWestern Energy Group growing faster?
NorthWestern Energy Group is growing faster (+10% against +6% a year earlier).
Which is more profitable, Alliant Energy or NorthWestern Energy Group?
Alliant Energy is more profitable, with an operating margin of 30.3% against 17.6%.
More: Alliant Energy earnings · how Alliant Energy makes money · NorthWestern Energy Group earnings · how NorthWestern Energy Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.