EVRG vs. LNT: Evergy vs. Alliant Energy Stock Comparison

November 11, 2026

How do Evergy (EVRG) and Alliant Energy (LNT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Evergy (EVRG) and Alliant Energy (LNT) are both classified in the Electric Utilities sub-industry within the broader Electric Utilities industry, placing them in the closest GICS peer bucket.

Company profile comparison for Evergy (EVRG) and Alliant Energy (LNT)
Profile Item	EVRG	LNT
Name	Evergy Inc.	Alliant Energy Corporation
Country/Region	United States	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Electric Utilities	Electric Utilities
GICS Sub-Industry	Electric Utilities	Electric Utilities
Market Capitalization	20.53 billion USD	18.85 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	February 21, 1973	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

EVRG

LNT

GSPC

Evergy (EVRG) vs. Alliant Energy (LNT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Evergy (EVRG) and Alliant Energy (LNT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Evergy (EVRG) and Alliant Energy (LNT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Evergy (EVRG) and Alliant Energy (LNT)
Metric	EVRG	LNT
Total Return (1Y)	20.55%	12.31%
Total Return (3Y, Annualized)	26.35%	18.55%
Total Return (5Y, Annualized)	10.88%	9.28%

Risk Profile

Drawdown History

EVRG

LNT

GSPC

Evergy (EVRG) vs. Alliant Energy (LNT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Evergy (EVRG) and Alliant Energy (LNT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Evergy (EVRG) and Alliant Energy (LNT)
Metric	EVRG	LNT
Volatility (1Y, Annualized)	16.50%	17.65%
Beta (5Y)	0.48	0.50
Max Drawdown (5Y)	-29.83%	-25.59%
Avg. Volume (3M)	2.25M	2.73M

Risk-Adjusted Performance

Risk-Return Positioning

EVRG and LNT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Evergy (EVRG) and Alliant Energy (LNT)
Metric	EVRG	LNT
Sharpe Ratio (1Y)	0.99	0.46
Sortino Ratio (1Y)	1.44	0.66

Profitability

ROE (TTM)

Alliant Energy (LNT) at 12.36% sits in the top ROE quartile, while Evergy (EVRG) at 10.06% is closer to the peer norm — stronger capital efficiency for LNT.

EVRG

Utilities industry group

10.06%

Max: 17.99%
Q3: 12.01%
EVRG: 10.06%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

LNT

Utilities industry group

12.36%

Max: 17.99%
LNT: 12.36%
Q3: 12.01%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

Evergy (EVRG) vs. Alliant Energy (LNT): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Alliant Energy (LNT) at 20.74% retains a top-quartile share of revenue as profit, ahead of Evergy (EVRG) at 16.67%, which keeps about the industry-typical share.

EVRG

Utilities industry group

16.67%

Max: 28.78%
Q3: 17.30%
EVRG: 16.67%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

LNT

Utilities industry group

20.74%

Max: 28.78%
LNT: 20.74%
Q3: 17.30%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

Evergy (EVRG) vs. Alliant Energy (LNT): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Evergy (EVRG) at 38.46% operates in the top operating margin quartile, ahead of Alliant Energy (LNT) at 30.27%, which runs around its industry’s norm.

EVRG

Utilities industry group

38.46%

Max: 53.83%
EVRG: 38.46%
Q3: 31.12%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

LNT

Utilities industry group

30.27%

Max: 53.83%
Q3: 31.12%
LNT: 30.27%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

Evergy (EVRG) vs. Alliant Energy (LNT): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Evergy (EVRG) and Alliant Energy (LNT)
Metric	EVRG	LNT
ROE (TTM)	10.06%	12.36%
ROA (TTM)	3.12%	2.47%
Net Margin (TTM)	16.67%	20.74%
Operating Margin (TTM)	38.46%	30.27%
Gross Margin (TTM)	52.95%	45.05%

Growth

Revenue Growth

Alliant Energy (LNT) at 9.57% is around its peer norm for revenue growth, while Evergy (EVRG) at 1.95% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Evergy (EVRG) vs. Alliant Energy (LNT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Evergy (EVRG) at -3.43% and Alliant Energy (LNT) at 16.73% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Evergy (EVRG) vs. Alliant Energy (LNT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Evergy (EVRG) and Alliant Energy (LNT)
Metric	EVRG	LNT
Revenue Growth (YoY)	1.95%	9.57%
Revenue Growth (3Y CAGR)	0.58%	1.23%
EPS Growth (YoY)	-3.43%	16.73%
EPS Growth (3Y CAGR)	3.83%	4.77%

Financial Strength

Current Ratio (MRQ)

Both Evergy (EVRG) at 0.49 and Alliant Energy (LNT) at 0.51 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

EVRG

Utilities industry group

0.49

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
EVRG: 0.49
Min: 0.29

LNT

Utilities industry group

0.51

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
LNT: 0.51
Min: 0.29

Evergy (EVRG) vs. Alliant Energy (LNT): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both Evergy (EVRG) at 1.47 and Alliant Energy (LNT) at 1.61 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

EVRG

Utilities industry group

1.47

Max: 2.63
Q3: 1.77
EVRG: 1.47
Median: 1.35
Q1: 0.84
Min: 0.00

LNT

Utilities industry group

1.61

Max: 2.63
Q3: 1.77
LNT: 1.61
Median: 1.35
Q1: 0.84
Min: 0.00

Evergy (EVRG) vs. Alliant Energy (LNT): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Evergy (EVRG) and Alliant Energy (LNT)
Metric	EVRG	LNT
Current Ratio (MRQ)	0.49	0.51
Debt / Equity (MRQ)	1.47	1.61
Net Debt / EBITDA	5.39	6.67

Dividends

Dividend Yield (TTM)

Both Evergy (EVRG) at 3.18% and Alliant Energy (LNT) at 2.88% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

EVRG

Utilities industry group

3.18%

Max: 6.66%
Q3: 3.58%
EVRG: 3.18%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

LNT

Utilities industry group

2.88%

Max: 6.66%
Q3: 3.58%
LNT: 2.88%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

Evergy (EVRG) vs. Alliant Energy (LNT): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both Evergy (EVRG) at 61.92% and Alliant Energy (LNT) at 58.84% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EVRG

Utilities industry group

61.92%

Max: 113.04%
Q3: 68.72%
EVRG: 61.92%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

LNT

Utilities industry group

58.84%

Max: 113.04%
Q3: 68.72%
LNT: 58.84%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

Evergy (EVRG) vs. Alliant Energy (LNT): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Evergy (EVRG) and Alliant Energy (LNT)
Metric	EVRG	LNT
Dividend Yield (TTM)	3.18%	2.88%
Dividend Payout Ratio (TTM)	61.92%	58.84%

Valuation

P/E Ratio (TTM)

Both Evergy (EVRG) at 19.50 and Alliant Energy (LNT) at 20.24 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

EVRG

Utilities industry group

19.50

Max: 31.22
Q3: 23.30
Median: 19.64
EVRG: 19.50
Q1: 15.17
Min: 3.34

LNT

Utilities industry group

20.24

Max: 31.22
Q3: 23.30
LNT: 20.24
Median: 19.64
Q1: 15.17
Min: 3.34

Evergy (EVRG) vs. Alliant Energy (LNT): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

Evergy (EVRG) at 3.22 is priced about in line with its industry on P/S ratio, while Alliant Energy (LNT) at 4.18 sits in the pricier quartile — LNT costs more per dollar of sales.

EVRG

Utilities industry group

3.22

Max: 6.35
Q3: 3.63
EVRG: 3.22
Median: 2.63
Q1: 1.52
Min: 0.00

LNT

Utilities industry group

4.18

Max: 6.35
LNT: 4.18
Q3: 3.63
Median: 2.63
Q1: 1.52
Min: 0.00

Evergy (EVRG) vs. Alliant Energy (LNT): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Evergy (EVRG) at 1.86 is valued about in line with its industry on P/B ratio, while Alliant Energy (LNT) at 2.41 carries an above-peer premium to book — LNT is pricier on assets.

EVRG

Utilities industry group

1.86

Max: 3.12
Q3: 2.21
EVRG: 1.86
Median: 1.83
Q1: 1.46
Min: 0.34

LNT

Utilities industry group

2.41

Max: 3.12
LNT: 2.41
Q3: 2.21
Median: 1.83
Q1: 1.46
Min: 0.34

Evergy (EVRG) vs. Alliant Energy (LNT): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Evergy (EVRG) and Alliant Energy (LNT)
Metric	EVRG	LNT
P/E Ratio (TTM)	19.50	20.24
P/S Ratio (TTM)	3.22	4.18
P/B Ratio (MRQ)	1.86	2.41
Free Cash Flow Yield (TTM)	-7.14%	-8.11%