Eversource Energy (ES) vs Alliant Energy Corporation (LNT)

Eversource Energy and Alliant Energy Corporation are both Utilities Regulated Electric companies. Eversource Energy is the larger, with a market value of $24.0B against $16.4B — 1.5× the size. Eversource Energy trades at the lower P/E: 16.5× against 20.1×. Eversource Energy grew revenue faster over the last twelve months: 7.75% against 6.83%. Alliant Energy Corporation has the higher net margin (18.5% vs 10.4%) and the lower return on invested capital (3.12% vs 4.32%). Both pay a dividend; Eversource Energy yields more (5.00% vs 3.81%). Across the 22 metrics below, Eversource Energy leads on 16 and Alliant Energy Corporation on 6.

Valuation

Metric ES LNT Utilities Regulated Electric median
P/E 16.49 20.06 18.84
P/S 1.71 3.71 2.52
P/B 1.47 2.18 1.63
Price to free cash flow 80.52 n/m 36.22
EV/EBITDA 9.68 15.45 11.82
EV/Sales 3.66 6.44 4.58
Earnings yield 6.06% 4.98% 5.30%
Free cash flow yield 1.24% (7.80%) (5.06%)

Profitability

Metric ES LNT Utilities Regulated Electric median
Gross margin 67.80% 76.90% 66.28%
Operating margin 21.55% 22.11% 21.79%
Net margin 10.35% 18.45% 12.94%
Free cash flow margin 2.13% (28.95%) (11.51%)
Return on equity 9.06% 11.14% 9.75%
Return on assets 2.33% 3.33% 2.75%
Return on invested capital 4.32% 3.12% 3.87%

Growth

Metric ES LNT Utilities Regulated Electric median
Revenue growth (TTM) 7.75% 6.83% 7.43%
EPS growth (last fiscal year) 100.88% 16.73% —
Revenue growth, 5-year CAGR 8.75% 5.01% 6.75%
Net income growth, 5-year CAGR 7.03% 5.70% 6.44%

Health

Metric ES LNT Utilities Regulated Electric median
Debt to equity 1.78 1.61 1.53
Current ratio 0.80 0.47 0.81
Net debt to EBITDA 5.22 6.18 5.25

Dividend

Metric ES LNT Utilities Regulated Electric median
Dividend yield 5.00% 3.81% 4.33%
Payout ratio 0.78 0.67 0.66

Size

Metric ES LNT Utilities Regulated Electric median
Market cap 24.03b 16.42b 22.90b

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