Alliant Energy Corp (LNT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 703,000 | 686,000 | 674,000 | 624,000 | 567,000 |
| Revenue | US$ in thousands | 4,027,000 | 4,205,000 | 3,669,000 | 3,416,000 | 3,648,000 |
| Net profit margin | 17.46% | 16.31% | 18.37% | 18.27% | 15.54% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $703,000K ÷ $4,027,000K
= 17.46%
The net profit margin of Alliant Energy Corp. has shown some variability over the past five years. In 2023, the net profit margin increased to 17.46% from 16.31% in 2022, indicating improved profitability. Comparing to the prior years, the net profit margins were 17.96% in 2021, 17.97% in 2020, and 15.28% in 2019.
Despite some fluctuations, the net profit margin has generally remained at a healthy level, indicating the company's ability to generate profits from its operations after accounting for all expenses. This trend suggests Alliant Energy Corp. has been effectively managing its costs and achieving profitability in recent years. The slight increase in the net profit margin in 2023 may be seen as a positive sign of improved financial performance.
Peer comparison
Dec 31, 2023