F
Alliant Energy Corporation — Earnings Quality Grade F
LNT · Utilities
Major red flags
Revenue
$4.4B
2025
Net Income
$810M
2025
Gross Margin
45.7%
Free Cash Flow
$1.2B
01
Screening Summary
10
Passed
3
Watch
1
Failed
—
M-Score
02
Financial Trends
Revenue & Net Income ($B)
Margins (%)
03
18-Point Screening
01
Revenue Quality
✓
A1DSO Change
DSO 11 days, change +1 days YoY
!
A2AR vs Revenue Growth
AR growth 22.9% exceeds revenue growth 9.6%
✓
A3Revenue vs CFFO
Revenue 9.6%, CFFO 0.2%. Cash follows revenue
02
Expense Quality
✓
B1Inventory vs COGS
Inventory -2.4% vs COGS 7.7%. Normal
—
B2CapEx vs Revenue
Insufficient data
—
B3SG&A Ratio
Insufficient data
✓
B4Gross Margin
Gross margin 45.7%, change +1.0pp. Stable
03
Cash Flow Quality
✓
C1CFFO vs Net Income
CFFO/NI = 1.44. Profits backed by cash
✓
C2Free Cash Flow
FCF $1.2B, FCF/NI = 1.44
✓
C3Accruals Ratio
Accruals ratio = -1.4%. Low accruals
✗
C4Cash vs Debt
Cash $0.6B covers only 5% of debt $12.1B
04
Balance Sheet Health
✓
D1Goodwill + Intangibles
No goodwill. Clean balance sheet
!
D2Leverage
Debt/EBITDA = 6.1x (>4x). Financial stress
✓
D3Soft Asset Growth
Other assets 8.7% vs revenue 9.6%. Normal
—
D4Asset Impairment
No write-off data
05
Acquisition Risk
!
E1Serial Acquirer FCF
FCF after acquisitions negative for 2/3 years
✓
E2Goodwill Surge
No goodwill
06
Manipulation Score
—
F1Beneish M-Score
Insufficient data
05
Altman Z-Score
1.19
Grey Zone0 Distress1.102.605.0+ Safe
-0.017
Liquidity
0.1698
Cumulative profit
0.0459
Operating efficiency
0.4154
Leverage
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10