ALLETE, Inc. (ALE) Earnings History
Earnings Pressure31 years of earnings data (1994–2024) · 5-year EPS trend is negative
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ALLETE, Inc. (ALE) Earnings Overview
As of November 8, 2026, ALLETE, Inc. (ALE) reported trailing twelve-month net income of $179M. The company earned $3.10 per diluted share over the past four quarters.
Looking at the long-term picture, ALE's 5-year EPS compound annual growth rate (CAGR) stands at -2.9%, signaling declining earnings. The company achieved its highest annual net income of $247M in fiscal 2023.
ALLETE, Inc. maintains positive profitability with. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including NWE ($164M net income, 11.2% margin), AVA ($247M net income, 9.8% margin), OTTR ($176M net income, 21.2% margin), ALE has comparable earnings metrics. Compare ALE vs NWE →
ALE Earnings vs Peers
Earnings metrics vs comparable public companies
ALE Historical Earnings Data (1994–2024)
31 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $179M | -27.4% | $160M | $3.10 | 11.7% | 10.5% |
| 2023 | $247M | +30.5% | $181M | $4.30 | 13.1% | 9.6% |
| 2022 | $189M | +11.9% | $134M | $3.38 | 12.1% | 8.5% |
| 2021 | $169M | -2.9% | $151M | $3.22 | 11.9% | 10.7% |
| 2020 | $174M | -6.1% | $151M | $3.36 | 14.9% | 12.9% |
| 2019 | $186M | +6.6% | $180M | $3.59 | 15.0% | 14.5% |
| 2018 | $174M | +1.1% | $199M | $3.38 | 11.6% | 13.3% |
| 2017 | $172M | +10.9% | $229M | $3.38 | 12.1% | 16.1% |
| 2016 | $155M | +10.1% | $213M | $3.14 | 11.6% | 15.9% |
| 2015 | $141M | +13.1% | $252M | $2.92 | 9.5% | 16.9% |
| 2014 | $125M | +19.2% | $189M | $2.90 | 11.0% | 16.6% |
| 2013 | $105M | +7.8% | $154M | $2.63 | 10.3% | 15.1% |
| 2012 | $97M | +3.5% | $155M | $2.58 | 10.1% | 16.1% |
| 2011 | $94M | +24.6% | $152M | $2.65 | 10.1% | 16.3% |
| 2010 | $75M | +23.4% | $136M | $2.19 | 8.3% | 15.0% |
| 2009 | $61M | -26.1% | $106M | $1.89 | 8.0% | 14.0% |
| 2008 | $83M | -5.8% | $117M | $2.82 | 10.3% | 14.6% |
| 2007 | $88M | +13.3% | $134M | $3.08 | 10.4% | 15.9% |
| 2006 | $77M | +339.2% | $141M | $2.77 | 10.1% | 18.3% |
| 2005 | $18M | -55.0% | $123M | $0.64 | 2.4% | 16.7% |
| 2004 | $39M | -83.5% | $100M | $1.37 | 5.2% | 13.3% |
| 2003 | $236M | +72.3% | $302M | $1.05 | 14.6% | 18.6% |
| 2002 | $137M | -1.1% | $260M | $5.04 | 9.1% | 17.2% |
| 2001 | $139M | -6.7% | $283M | $5.44 | 9.1% | 18.5% |
| 2000 | $149M | +118.5% | $260M | $6.32 | 11.2% | 19.5% |
| 1999 | $68M | -23.2% | $226M | $2.91 | 6.0% | 19.9% |
| 1998 | $89M | +14.0% | $199M | $4.05 | 8.5% | 19.1% |
| 1997 | $78M | +12.1% | $180M | $3.72 | 8.1% | 18.8% |
| 1996 | $69M | +6.8% | $144M | $3.42 | 8.2% | 17.0% |
| 1995 | $65M | +5.7% | $107M | $3.24 | 9.6% | 15.9% |
| 1994 | $61M | - | $130M | $3.12 | 9.6% | 20.3% |
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ALE — Frequently Asked Questions
Quick answers to the most common questions about buying ALE stock.
What is ALE earnings per share (EPS)?
ALE trailing twelve-month (TTM) diluted EPS is $3.10, reflecting N/A year-over-year growth. The 5-year EPS CAGR is -2.9%. Complete EPS history from 1994 to 2024 is available in the table on this page.
What is ALLETE, Inc.'s net income?
ALLETE, Inc. (ALE) trailing twelve-month net income is $179M as of 2024. Earnings declined N/A year-over-year. ALLETE, Inc. has been profitable for 31 consecutive years.
Is ALE profitable?
Yes, ALE is profitable with a TTM net income of $179M and a net profit margin of N/A. ALLETE, Inc. has generated profits for 31 consecutive years.
What is ALE's earnings growth rate?
ALE compound annual EPS growth rates (CAGR): 1-Year: -27.9%, 3-Year: -1.3%, 5-Year: -2.9%, 10-Year: +0.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2024.
What are ALE's profit margins?
ALLETE, Inc. net profit margin is N/A, operating margin is N/A, and gross margin is N/A. Below-average margins reflect competitive or cost pressures. Return on Equity is N/A.
Is ALE growing earnings?
ALE TTM EPS: $3.10. Net income: $179M. YoY earnings change: N/A.
What was ALE's best earnings year?
ALLETE, Inc.'s highest annual net income on record is $247M, achieved in fiscal year 2023. Earnings history on this page spans 1994 to 2024 and includes all annual and quarterly figures.
What were ALE's earnings last quarter?
ALE's most recent reported quarter was Q3 2025. Net income was $27M with diluted EPS of $0.47. For a full breakdown of all quarters, see the quarterly earnings table on this page.