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ALLETE, Inc.(ALE)Earnings, Financials & Key Ratios
ALE•NYSE•Utilities
$67.90
$3.94B mkt cap·21.9× P/E·Price updated May 1, 2026
SectorUtilitiesIndustryDiversified UtilitiesSub-IndustryUtility holding companies with non-utility businesses
AboutALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.Show more
- Revenue$1.53B-18.6%
- EBITDA$438M+1.3%
- Net Income$179M-27.4%
- Free Cash Flow$102M-67.5%
- EBITDA Margin28.65%+24.5%
- Net Margin11.72%-10.8%
- ROE5.28%-27.9%
- Interest Coverage1.96-12.5%
- Debt/Equity0.53+1.0%
- Net Debt/EBITDA4.01+0.6%
- CapEx / Revenue23.2%+60.8%
- CapEx Coverage1.29-40.3%
ALE Key Insights
ALLETE, Inc. (ALE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓13 years of consecutive dividend growth
- ✓13 consecutive years of dividend growth
- ✓Healthy dividend yield of 4.1%
- ✓Trading near 52-week high
- ✓Trading at only 1.2x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ALE Price & Volume
ALLETE, Inc. (ALE) stock price & volume — 10-year historical chart
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ALE Growth Metrics
ALLETE, Inc. (ALE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.01%
5 Years4.28%
3 Years2.53%
TTM-4.3%
Profit CAGR
10 Years3.69%
5 Years-0.69%
3 Years1.95%
TTM-8.05%
EPS CAGR
10 Years0.68%
5 Years-2.88%
3 Years-1.27%
TTM-8.55%
Return on Capital
10 Years3.25%
5 Years2.35%
3 Years2.29%
Last Year2.29%
ALE Recent Earnings
ALLETE, Inc. (ALE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 3/12 qtrs (25%)
Q4 2025Latest
Oct 31, 2025EPS
$0.46
Est $0.80
-42.5%
Revenue
$375M
Est $435M
-13.8%
Q3 2025
Aug 7, 2025EPS
$0.61
Est $0.82
-26.1%
Revenue
$360M
Est $425M
-15.3%
Q2 2025
May 8, 2025EPS
$1.01
Est $1.04
-2.9%
Revenue
$400M
Est $456M
-12.3%
Q1 2025
Feb 13, 2025EPS
$0.87
Est $1.12
-22.3%
Revenue
$365M
Est $414M
-11.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Oct 31, 2025 | $0.46vs $0.80-42.5% | $375Mvs $435M-13.8% |
| Q3 2025 | Aug 7, 2025 | $0.61vs $0.82-26.1% | $360Mvs $425M-15.3% |
| Q2 2025 | May 8, 2025 | $1.01vs $1.04-2.9% | $400Mvs $456M-12.3% |
| Q1 2025 | Feb 13, 2025 | $0.87vs $1.12-22.3% | $365Mvs $414M-11.8% |
Based on last 12 quarters of dataView full earnings history →
ALE Peer Comparison
ALLETE, Inc. (ALE) competitors in Utility holding companies with non-utility businesses — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NWE | 4.37B | 71.08 | 24.18 | 6.38% | 10.21% | 5.8% | 1.14 | |
 AVA | 3.35B | 40.58 | 17.05 | 1.34% | 9.83% | 7.25% | 1.25 | |
 OTTR | 3.73B | 88.89 | 13.57 | -1.99% | 21.34% | 15.21% | 0.59 | |
 IDA | 7.98B | 144.08 | 24.42 | -0.75% | 18.61% | 9.4% | 1.02 | |
 XEL | 50.28B | 80.55 | 23.55 | 9.14% | 14.14% | 9.34% | 1.47 | |
 WEC | 37.11B | 113.94 | 23.59 | 13.96% | 16.25% | 11.64% | 1.59 | |
 EVRG | 18.65B | 80.99 | 22.13 | 2.37% | 14.63% | 8.22% | 0.07 | |
 PNW | 12.14B | 100.17 | 19.84 | 4.2% | 11.99% | 9.27% | 2.52 |
Compare ALE vs Peers
ALLETE, Inc. (ALE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ALE Income Statement
ALLETE, Inc. (ALE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.34B | 1.42B | 1.5B | 1.24B | 1.17B | 1.42B | 1.57B | 1.88B | 1.53B | 1.5B |
| Revenue Growth % | -9.87% | 5.94% | 5.59% | -17.22% | -5.76% | 21.39% | 10.67% | 19.68% | -18.62% | -4.3% |
| Cost of Revenue | 883.4M | 959.7M | 1.04B | 805.4M | 744.3M | 965.7M | 1.12B | 1.39B | 1.03B | 1.08B |
| Gross Profit | 456.3M▲ 0% | 459.6M▲ 0.7% | 462.7M▲ 0.7% | 435.1M▼ 6.0% | 424.8M▼ 2.4% | 453.5M▲ 6.8% | 446.8M▼ 1.5% | 489.9M▲ 9.6% | 497M▲ 1.4% | 416.2M▲ 0% |
| Gross Margin % | 34.06% | 32.38% | 30.88% | 35.07% | 36.34% | 31.95% | 28.45% | 26.06% | 32.49% | 27.74% |
| Gross Profit Growth % | -2.58% | 0.72% | 0.67% | -5.96% | -2.37% | 6.76% | -1.48% | 9.65% | 1.45% | - |
| Operating Expenses | 239.3M | 233.7M | 261.5M | 255.3M | 273.9M | 302.2M | 312.6M | 309M | 336.9M | 277.5M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 409M | 406.6M | 404.8M | 381.8M | 368.7M | 383M | 376.4M | 432.7M | 438.3M | 430.4M |
| EBITDA Margin % | 30.53% | 28.65% | 27.01% | 30.78% | 31.54% | 26.99% | 23.96% | 23.02% | 28.65% | 28.69% |
| EBITDA Growth % | -3.03% | -0.59% | -0.44% | -5.68% | -3.43% | 3.88% | -1.72% | 14.96% | 1.29% | -0.02% |
| Depreciation & Amortization | 195.8M | 177.5M | 205.6M | 202M | 217.8M | 231.7M | 242.2M | 251.8M | 278.2M | 291.7M |
| D&A / Revenue % | 14.62% | 12.51% | 13.72% | 16.28% | 18.63% | 16.33% | 15.42% | 13.4% | 18.19% | 19.44% |
| Operating Income (EBIT) | 213.2M▲ 0% | 229.1M▲ 7.5% | 199.2M▼ 13.1% | 179.8M▼ 9.7% | 150.9M▼ 16.1% | 151.3M▲ 0.3% | 134.2M▼ 11.3% | 180.9M▲ 34.8% | 160.1M▼ 11.5% | 138.7M▲ 0% |
| Operating Margin % | 15.91% | 16.14% | 13.29% | 14.49% | 12.91% | 10.66% | 8.54% | 9.62% | 10.47% | 9.24% |
| Operating Income Growth % | -15.33% | 7.46% | -13.05% | -9.74% | -16.07% | 0.27% | -11.3% | 34.8% | -11.5% | - |
| Interest Expense | 70.3M | 67M | 67.9M | 64.9M | 65.6M | 69.1M | 75.2M | 80.8M | 81.7M | 4M |
| Interest Coverage | 3.03x | 3.42x | 2.93x | 2.77x | 2.30x | 2.19x | 1.78x | 2.24x | 1.96x | - |
| Interest / Revenue % | 5.25% | 4.72% | 4.53% | 5.23% | 5.61% | 4.87% | 4.79% | 4.3% | 5.34% | 0.27% |
| Non-Operating Income | -1000K | -1000K | -1000K | -900K | -1000K | -1000K | -1000K | 1000K | -1000K | -4M |
| Pretax Income | 175.6M▲ 0% | 186.9M▲ 6.4% | 158.6M▼ 15.1% | 178.9M▲ 12.8% | 122.1M▼ 31.7% | 110.9M▼ 9.2% | 100.1M▼ 9.7% | 206.8M▲ 106.6% | 126.4M▼ 38.9% | 91.8M▲ 0% |
| Pretax Margin % | 13.11% | 13.17% | 10.58% | 14.42% | 10.44% | 7.81% | 6.37% | 11% | 8.26% | 6.12% |
| Income Tax | 19.8M | 14.7M | -15.5M | -6.6M | -39.5M | -26.9M | -31.2M | 27.9M | 4.7M | 4.9M |
| Effective Tax Rate % | 11.28% | 7.87% | -9.77% | -3.69% | -32.35% | -24.26% | -31.17% | 13.49% | 3.72% | 5.34% |
| Net Income | 155.3M▲ 0% | 172.2M▲ 10.9% | 174.1M▲ 1.1% | 185.6M▲ 6.6% | 174.2M▼ 6.1% | 169.2M▼ 2.9% | 189.3M▲ 11.9% | 247.1M▲ 30.5% | 179.3M▼ 27.4% | 165.7M▲ 0% |
| Net Margin % | 11.59% | 12.13% | 11.62% | 14.96% | 14.9% | 11.92% | 12.05% | 13.15% | 11.72% | 11.04% |
| Net Income Growth % | 10.06% | 10.88% | 1.1% | 6.61% | -6.14% | -2.87% | 11.88% | 30.53% | -27.44% | -8.05% |
| EPS (Diluted) | 3.14▲ 0% | 3.38▲ 7.6% | 3.38▲ 0.0% | 3.59▲ 6.2% | 3.36▼ 6.5% | 3.22▼ 4.0% | 3.38▲ 4.9% | 4.30▲ 27.3% | 3.10▼ 27.9% | 2.85▲ 0% |
| EPS Growth % | 7.53% | 7.64% | 0.02% | 6.19% | -6.5% | -3.98% | 4.89% | 27.35% | -27.94% | -8.55% |
| EPS (Basic) | 3.15 | 3.39 | 3.39 | 3.60 | 3.36 | 3.23 | 3.39 | 4.31 | 3.11 | - |
| Diluted Shares Outstanding | 49.5M | 51M | 51.5M | 51.7M | 51.9M | 52.5M | 56M | 57.4M | 57.8M | 58.2M |
ALE Balance Sheet
ALLETE, Inc. (ALE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 5.58B | 5.77B | 5.86B | 6.16B | 6.81B | 7.17B | 7.61B | 7.37B | 7.39B | 7.15B |
| Asset Growth % | 0.62% | 3.48% | 1.53% | 5.2% | 10.52% | 5.21% | 6.2% | -3.21% | 0.36% | 14.27% |
| PP&E (Net) | 3.74B | 3.82B | 3.9B | 4.41B | 4.86B | 5.1B | 5.02B | 5.02B | 5.19B | 5.53B |
| PP&E / Total Assets % | 67.1% | 66.25% | 66.65% | 71.49% | 71.41% | 71.23% | 65.93% | 68.22% | 70.22% | 77.29% |
| Total Current Assets | 294.5M | 367.5M | 334.3M | 269.5M | 254.9M | 291.3M | 718M | 468.1M | 435.2M | 485M |
| Cash & Equivalents | 29.7M | 101.5M | 70.4M | 72.1M | 45.1M | 45.4M | 37.9M | 77M | 52.7M | 78.7M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 104.2M | 95.9M | 86.7M | 72.8M | 74.2M | 97.7M | 455.9M | 175.4M | 154.6M | 184.9M |
| Other Current Assets | 19.5M | 35M | 32.8M | 28.2M | 23.7M | 24.5M | 86.3M | 78.5M | 79.8M | 75.3M |
| Long-Term Investments | 211.3M | 191.4M | 259.9M | 267.9M | 372.2M | 371.9M | 372.8M | 371.6M | 377.4M | 1.52B |
| Goodwill | 131.2M | 148.3M | 148.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 82.2M | 77.6M | 74.8M | 1M | 0 | 800K | 155.6M | 155.4M | 155.3M | 155.2M |
| Other Assets | 435.1M | 472.8M | 443.1M | 538.8M | 594.3M | 654.4M | 582.5M | 637.2M | 595.8M | 594.8M |
| Total Liabilities | 3.68B | 3.7B | 3.7B | 3.83B | 4.01B | 4.23B | 4.26B | 3.96B | 4B | 3.81B |
| Total Debt | 1.56B | 1.5B | 1.49B | 1.64B | 1.82B | 1.99B | 1.93B | 1.8B | 1.81B | 2.24B |
| Net Debt | 1.53B | 1.4B | 1.42B | 1.57B | 1.77B | 1.95B | 1.9B | 1.73B | 1.76B | 2.16B |
| Long-Term Debt | 1.37B | 1.44B | 1.43B | 1.4B | 1.59B | 1.76B | 1.65B | 1.68B | 1.7B | 2.1B |
| Short-Term Borrowings | 187.7M | 64.1M | 57.5M | 219.8M | 209.6M | 219M | 275.8M | 114.4M | 98.3M | 138.1M |
| Capital Lease Obligations | 0 | 0 | 0 | 28.7M | 22.4M | 16.4M | 12.5M | 7.7M | 10.9M | 10.9M |
| Total Current Liabilities | 399.5M | 351.2M | 405.1M | 507.4M | 459.6M | 543.4M | 716.2M | 377.6M | 404.2M | 413.2M |
| Accounts Payable | 74M | 136.3M | 149.8M | 165.2M | 110M | 111M | 103M | 102.2M | 113.6M | 116.7M |
| Accrued Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 7.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 137.8M | 150.8M | 138.8M | 71.6M | 80.6M | 148.3M | 268.3M | 110M | 137.7M | 101.5M |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1.73B |
| Other Liabilities | 659.4M | 990.9M | 952M | 1B | 1.02B | 984.8M | 965.5M | 991.4M | 994.2M | 1.01B |
| Total Equity | 1.89B▲ 0% | 2.07B▲ 9.3% | 2.16B▲ 4.2% | 2.34B▲ 8.3% | 2.8B▲ 19.9% | 2.95B▲ 5.2% | 3.35B▲ 13.6% | 3.41B▲ 1.8% | 3.39B▼ 0.5% | 3.34B▲ 0% |
| Equity Growth % | 3.75% | 9.26% | 4.24% | 8.34% | 19.89% | 5.22% | 13.64% | 1.76% | -0.49% | -3.38% |
| Shareholders Equity | 1.89B | 2.07B | 2.16B | 2.23B | 2.29B | 2.41B | 2.69B | 2.81B | 2.85B | 2.85B |
| Minority Interest | 0 | 0 | 0 | 103.7M | 505.6M | 533.2M | 656.4M | 597.5M | 542.5M | 492M |
| Common Stock | 1.3B | 1.4B | 1.43B | 1.44B | 1.46B | 1.54B | 1.78B | 1.8B | 1.82B | 1.84B |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 625.9M | 689.4M | 754.6M | 818.8M | 864.8M | 900.2M | 934.8M | 1.03B | 1.04B | 1.03B |
| Accumulated OCI | -28.2M | -22.6M | -27.3M | -23.6M | -31.1M | -23.8M | -24.4M | -20.5M | -18.1M | -18.1M |
| Return on Assets (ROA) | 2.79% | 3.04% | 2.99% | 3.09% | 2.69% | 2.42% | 2.56% | 3.3% | 2.43% | 2.32% |
| Return on Equity (ROE) | 8.35% | 8.69% | 8.24% | 8.26% | 6.78% | 5.89% | 6.01% | 7.32% | 5.28% | 4.96% |
| Debt / Equity | 0.82x | 0.73x | 0.69x | 0.70x | 0.65x | 0.68x | 0.58x | 0.53x | 0.53x | 0.53x |
| Debt / Assets | 27.95% | 26.06% | 25.37% | 26.65% | 26.71% | 27.83% | 25.41% | 24.47% | 24.49% | 31.27% |
| Net Debt / EBITDA | 3.74x | 3.45x | 3.50x | 4.11x | 4.81x | 5.09x | 5.04x | 3.99x | 4.01x | 4.01x |
| Book Value per Share | 38.24 | 40.55 | 41.86 | 45.18 | 53.95 | 56.12 | 59.79 | 59.36 | 58.66 | 57.44 |
ALE Cash Flow Statement
ALLETE, Inc. (ALE) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 332M | 402.9M | 433.1M | 249.5M | 299.8M | 263.5M | 221.3M | 585.3M | 457.1M | 457.1M |
| Operating CF Growth % | -2.38% | 21.36% | 7.5% | -42.39% | 20.16% | -12.11% | -16.02% | 164.48% | -21.9% | 8.92% |
| Operating CF / Revenue % | 24.78% | 28.39% | 28.9% | 20.11% | 25.64% | 18.57% | 14.09% | 31.14% | 29.88% | 30.47% |
| Net Income | 155.8M | 172.2M | 174.1M | 185.5M | 161.6M | 137.8M | 131.3M | 247.1M | 121.7M | 165.7M |
| Depreciation & Amortization | 200.9M | 182.1M | 210.5M | 213.6M | 228.1M | 241.5M | 250.3M | 251.8M | 278.2M | 291.6M |
| Deferred Taxes | 19.4M | 14.4M | -5.1M | -17.1M | -39.7M | -26.9M | -38.5M | 17.6M | -15.8M | -11.5M |
| Other Non-Cash Items | -44M | 32.7M | -17.1M | -94.1M | -25.6M | -17.4M | 25.7M | -48.2M | 35.5M | -76.1M |
| Working Capital Changes | -5.2M | -5.1M | 63.9M | -44.7M | -30.7M | -77.4M | -152.4M | 109.7M | 30.9M | 4.9M |
| Capital Expenditures | -265.6M | -208.5M | -312.4M | -597.1M | -717.8M | -473.3M | -384M | -271.2M | -354.9M | -664.9M |
| CapEx / Revenue % | 19.83% | 14.69% | 20.85% | 48.13% | 61.4% | 33.35% | 24.45% | 14.43% | 23.2% | 44.32% |
| CapEx / D&A | 1.32x | 1.14x | 1.48x | 2.80x | 3.15x | 1.96x | 1.53x | 1.08x | 1.28x | 2.28x |
| CapEx Coverage (OCF/CapEx) | 1.25x | 1.93x | 1.39x | 0.42x | 0.42x | 0.56x | 0.58x | 2.16x | 1.29x | 0.69x |
| Cash from Investing | -276.2M | -229M | -349M | -345.3M | -812.8M | -485.2M | -384M | -283.6M | -340.7M | -677.1M |
| Acquisitions | -5.9M | -18.5M | -39.2M | 239M | -99.1M | -17.6M | -160.9M | -8.2M | 0 | 0 |
| Purchase of Investments | -14.8M | -16.4M | -13.3M | -12.2M | -8.7M | -3.6M | -2.4M | -9.4M | -2.4M | -3.2M |
| Sale of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 2.8M |
| Other Investing | -3.3M | 1.3M | 5.7M | 12.9M | 0 | 2.9M | -2.4M | 4.2M | 14.6M | -12.3M |
| Cash from Financing | -125.3M | -102.5M | -115.2M | 109.3M | 485.7M | 204.2M | 155.2M | -262.5M | -140.6M | 304.5M |
| Dividends Paid | -102.7M | -108.7M | -115M | -121.4M | -128.2M | -131.9M | -145.9M | -155.5M | -162.8M | -167.8M |
| Dividend Payout Ratio % | 66.13% | 63.12% | 66.05% | 65.41% | 73.59% | 77.96% | 77.07% | 62.93% | 90.8% | - |
| Debt Issuance (Net) | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 4M |
| Stock Issued | 30.9M | 86M | 20.3M | 1.9M | 18.1M | 69.9M | 248M | 14.9M | 12.9M | 12.6M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -1.9M | -21.3M | -600K | 99.1M | 412M | 86.1M | 144.7M | 7.8M | 700K | 6.5M |
| Net Change in Cash | -69.5M▲ 0% | 71.4M▲ 202.7% | -31.1M▼ 143.6% | 13.5M▲ 143.4% | -27.3M▼ 302.2% | -17.5M▲ 35.9% | -7.5M▲ 57.1% | 39.2M▲ 622.7% | -24.2M▼ 161.7% | -27.4M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 900K |
| Cash at Beginning | 97M | 27.5M | 110.1M | 79M | 92.5M | 65.2M | 47.7M | 40.2M | 79.4M | 55.4M |
| Cash at End | 27.5M | 98.9M | 79M | 92.5M | 65.2M | 47.7M | 40.2M | 79.4M | 55.2M | 81.2M |
| Free Cash Flow | 66.4M▲ 0% | 194.4M▲ 192.8% | 120.7M▼ 37.9% | -347.6M▼ 388.0% | -418M▼ 20.3% | -209.8M▲ 49.8% | -162.7M▲ 22.4% | 314.1M▲ 293.1% | 102.2M▼ 67.5% | -322.1M▲ 0% |
| FCF Growth % | 123.82% | 192.77% | -37.91% | -387.99% | -20.25% | 49.81% | 22.45% | 293.05% | -67.46% | -379.6% |
| FCF Margin % | 4.96% | 13.7% | 8.05% | -28.02% | -35.75% | -14.78% | -10.36% | 16.71% | 6.68% | -21.47% |
| FCF / Net Income % | 42.76% | 112.89% | 69.33% | -187.28% | -239.95% | -124% | -85.95% | 127.11% | 57% | -194.39% |
ALE Key Ratios
ALLETE, Inc. (ALE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 8.35% | 8.69% | 8.24% | 8.26% | 6.78% | 5.89% | 6.01% | 7.32% | 5.28% | 4.96% |
| EBITDA Margin | 30.53% | 28.65% | 27.01% | 30.78% | 31.54% | 26.99% | 23.96% | 23.02% | 28.65% | 28.69% |
| Net Debt / EBITDA | 3.74x | 3.45x | 3.50x | 4.11x | 4.81x | 5.09x | 5.04x | 3.99x | 4.01x | 4.01x |
| Interest Coverage | 3.03x | 3.42x | 2.93x | 2.77x | 2.30x | 2.19x | 1.78x | 2.24x | 1.96x | - |
| CapEx / Revenue | 19.83% | 14.69% | 20.85% | 48.13% | 61.4% | 33.35% | 24.45% | 14.43% | 23.2% | 44.32% |
| Dividend Payout Ratio | 66.13% | 63.12% | 66.05% | 65.41% | 73.59% | 77.96% | 77.07% | 62.93% | 90.8% | 101.27% |
| Debt / Equity | 0.82x | 0.73x | 0.69x | 0.70x | 0.65x | 0.68x | 0.58x | 0.53x | 0.53x | 0.53x |
| EPS Growth | 7.53% | 7.64% | 0.02% | 6.19% | -6.5% | -3.98% | 4.89% | 27.35% | -27.94% | -8.55% |
ALE SEC Filings & Documents
ALLETE, Inc. (ALE) SEC filings — annual & quarterly reports (10-K, 10-Q)
ALE Frequently Asked Questions
ALLETE, Inc. (ALE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
ALLETE, Inc. (ALE) reported $1.50B in revenue for fiscal year 2024. This represents a 123% increase from $673.0M in 1995.
ALLETE, Inc. (ALE) saw revenue decline by 18.6% over the past year.
Yes, ALLETE, Inc. (ALE) is profitable, generating $165.7M in net income for fiscal year 2024 (11.7% net margin).
Dividend & Returns
Yes, ALLETE, Inc. (ALE) pays a dividend with a yield of 4.15%. This makes it attractive for income-focused investors.
ALLETE, Inc. (ALE) has a return on equity (ROE) of 5.3%. This is below average, suggesting room for improvement.
ALLETE, Inc. (ALE) had negative free cash flow of $322.1M in fiscal year 2024, likely due to heavy capital investments.
Industry Metrics
ALLETE, Inc. (ALE) has a dividend payout ratio of 91%. The high payout ratio may limit dividend growth.
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