ALE
Allete Inc
NYSE: ALE · UTILITIES · UTILITIES - DIVERSIFIED
$67.90
+0.00% today
Updated 2026-05-06
Market cap
$3.94B
P/E ratio
23.82
P/S ratio
2.63x
EPS (TTM)
$2.85
Dividend yield
4.26%
52W range
$62 – $68
Volume
4.4M
Allete Inc (ALE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $737.40M | $767.10M | $841.70M | $801.00M | $759.10M | $907.00M | $928.20M | $961.20M | $1.02B | $1.14B | $1.49B | $1.34B | $1.42B | $1.50B | $1.24B | $1.17B | $1.42B | $1.57B | $1.88B | $1.53B |
| Revenue growth (YoY) | — | +4.0% | +9.7% | -4.8% | -5.2% | +19.5% | +2.3% | +3.6% | +6.0% | +11.6% | +30.8% | -9.9% | +5.9% | +5.6% | -17.2% | -5.8% | +21.4% | +10.7% | +19.7% | -18.6% |
| Cost of revenue | $273.10M | $281.70M | $347.60M | $305.60M | $279.50M | $690.70M | $687.80M | $705.80M | $706.00M | $766.70M | $1.02B | $883.40M | $959.70M | $1.04B | $805.40M | $744.30M | $965.70M | $1.12B | $1.39B | $1.03B |
| Gross profit | $464.30M | $485.40M | $494.10M | $495.40M | $479.60M | $216.30M | $240.40M | $255.40M | $312.40M | $370.10M | $468.40M | $456.30M | $459.60M | $462.70M | $435.10M | $424.80M | $453.50M | $446.80M | $489.90M | $497.00M |
| Gross margin | 63.0% | 63.3% | 58.7% | 61.8% | 63.2% | 23.8% | 25.9% | 26.6% | 30.7% | 32.6% | 31.5% | 34.1% | 32.4% | 30.9% | 35.1% | 36.3% | 32.0% | 28.4% | 26.1% | 32.5% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — |
| SG&A | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $51.40M | $53.80M | $56.90M | $57.90M | $53.30M | $308.10M | $329.70M | $389.30M | — | — |
| Operating income | $123.00M | $140.70M | $133.70M | $117.30M | $106.00M | $135.80M | $151.70M | $155.20M | $154.10M | $188.80M | $251.80M | $213.20M | $229.10M | $199.20M | $179.80M | $150.90M | $151.30M | $134.20M | $180.90M | $160.10M |
| Operating margin | 16.7% | 18.3% | 15.9% | 14.6% | 14.0% | 15.0% | 16.3% | 16.1% | 15.1% | 16.6% | 16.9% | 15.9% | 16.1% | 13.3% | 14.5% | 12.9% | 10.7% | 8.5% | 9.6% | 10.5% |
| EBITDA | $92.90M | $204.90M | $210.30M | $208.20M | $190.00M | $238.80M | $263.20M | $280.80M | $300.30M | $352.70M | $401.70M | $441.70M | $431.40M | $432.10M | $445.80M | $405.50M | $411.70M | $417.50M | $539.40M | $486.30M |
| EBITDA margin | 12.6% | 26.7% | 25.0% | 26.0% | 25.0% | 26.3% | 28.4% | 29.2% | 29.5% | 31.0% | 27.0% | 33.0% | 30.4% | 28.8% | 35.9% | 34.7% | 29.0% | 26.6% | 28.7% | 31.8% |
| EBIT | $45.10M | $156.20M | $161.80M | $152.70M | $125.30M | $158.30M | $172.80M | $180.60M | $183.70M | $217.00M | $231.70M | $245.90M | $253.90M | $226.50M | $243.80M | $187.70M | $180.00M | $175.30M | $287.60M | $208.10M |
| Interest expense | $25.30M | $28.00M | $24.60M | $26.30M | $33.80M | $39.20M | $43.60M | $45.50M | $50.30M | $54.80M | $64.90M | $70.30M | $67.00M | $67.90M | $64.90M | $65.60M | $69.10M | $75.20M | $80.80M | $81.70M |
| Income tax | $-500000.00 | $46.30M | $47.70M | $43.40M | $30.80M | $44.30M | $35.60M | $38.00M | $28.70M | $36.70M | $25.30M | $19.80M | $14.70M | $-15.50M | $-6.60M | $-39.50M | $-26.90M | $-31.20M | $27.90M | $4.70M |
| Effective tax rate | -2.9% | 37.5% | 35.3% | 34.5% | 33.6% | 37.0% | 27.5% | 28.1% | 21.5% | 22.7% | 15.2% | 11.3% | 7.9% | -9.8% | -3.7% | -29.3% | -18.9% | -19.7% | 10.1% | 2.6% |
| Net income | $17.60M | $77.30M | $87.60M | $82.50M | $61.00M | $75.30M | $93.80M | $97.10M | $104.70M | $124.80M | $141.10M | $155.30M | $172.20M | $174.10M | $185.60M | $174.20M | $169.20M | $189.30M | $247.10M | $179.30M |
| Net income growth (YoY) | — | +339.2% | +13.3% | -5.8% | -26.1% | +23.4% | +24.6% | +3.5% | +7.8% | +19.2% | +13.1% | +10.1% | +10.9% | +1.1% | +6.6% | -6.1% | -2.9% | +11.9% | +30.5% | -27.4% |
| Profit margin | 2.4% | 10.1% | 10.4% | 10.3% | 8.0% | 8.3% | 10.1% | 10.1% | 10.3% | 11.0% | 9.5% | 11.6% | 12.1% | 11.6% | 15.0% | 14.9% | 11.9% | 12.1% | 13.1% | 11.7% |