ALLETE, Inc. (ALE) Earnings History
Annual and quarterly earnings data from 1994 to 2024
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ALE EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
ALE Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 32.5% | 10.5% | 11.7% |
| 2023 | 26.1% | 9.6% | 13.1% |
| 2022 | 28.4% | 8.5% | 12.1% |
| 2021 | 32.0% | 10.7% | 11.9% |
| 2020 | 36.3% | 12.9% | 14.9% |
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ALLETE, Inc. (ALE) Earnings Overview
As of May 8, 2026, ALLETE, Inc. (ALE) reported trailing twelve-month net income of $166M, reflecting -27.9% year-over-year growth. The company earned $2.85 per diluted share over the past four quarters, with a net profit margin of 11.7%.
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 a gross margin of 32.5%, operating margin of 10.5%, and net margin of 11.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including NWE ($168M net income, 11.2% margin), AVA ($206M net income, 9.8% margin), OTTR ($280M net income, 21.2% margin), ALE has outperformed on profitability 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% |
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Start ComparisonALE — Frequently Asked Questions
Quick answers to the most common questions about buying ALE stock.
Is ALE growing earnings?
ALE EPS fell to $2.85, with earnings declining -27.9%. This contrasts with the 5-year CAGR of -2.9%. TTM net income dropped to $166M.
What are ALE's profit margins?
ALLETE, Inc. net margin is +11.7%, with operating margin at +10.5%. Margins sit within typical range for the sector.
How consistent are ALE's earnings?
ALE earnings data spans 1994-2024. The declining earnings trend is -27.9% YoY. Historical data enables comparison across business cycles.