Last 46 quarters of trend data · Utilities · Diversified Utilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
ALLETE, Inc.'s quarterly P/E stands at 35.3x, up 71.1% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 24.7% YoY to 14.5x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 21.89 | 35.32 | 29.18 | 16.98 | 18.57 | 20.65 | 27.30 | 16.97 | 17.10 | 8.84 | 16.15 | 15.84 | 17.84 |
| — | +71.1% | +6.9% | +0.1% | +8.6% | +133.7% | +69.0% | +7.1% | -4.2% | -58.4% | -26.3% | +17.7% | +26.1% | |
| P/S Ratio | 2.58 | 2.58 | 2.58 | 2.38 | 2.58 | 2.28 | 2.54 | 2.13 | 2.19 | 2.00 | 1.56 | 1.63 | 2.17 |
| — | +12.9% | +1.6% | +11.6% | +17.8% | +13.9% | +63.0% | +30.7% | +0.9% | +8.7% | -29.4% | -29.9% | -0.7% | |
| P/B Ratio | 1.16 | 1.16 | 1.11 | 1.12 | 1.11 | 1.10 | 1.06 | 1.01 | 1.03 | 0.89 | 0.99 | 1.10 | 1.10 |
| — | +5.5% | +4.2% | +11.4% | +7.2% | +22.6% | +7.4% | -8.1% | -6.2% | +4.7% | +0.6% | -3.3% | -6.8% | |
| P/FCF | 38.60 | — | — | — | — | 9.83 | 20.95 | — | — | 6.08 | 4.41 | 41.17 | 12.88 |
| — | — | — | — | — | +61.7% | +375.3% | — | — | -77.4% | — | — | — | |
| EV / EBITDA | 13.01 | 14.52 | 15.24 | 11.35 | 12.61 | 11.64 | 14.06 | 11.59 | 12.30 | 11.90 | 10.93 | 12.65 | 14.78 |
| — | +24.7% | +8.4% | -2.1% | +2.5% | -2.1% | +28.7% | -8.4% | -16.8% | -8.5% | -37.5% | +6.5% | +17.8% | |
| EV / EBIT | 35.62 | 37.18 | 48.65 | 22.19 | 27.80 | 24.18 | 32.55 | 21.20 | 22.46 | 10.78 | 20.69 | 23.95 | 30.82 |
| — | +53.8% | +49.5% | +4.7% | +23.8% | +124.4% | +57.3% | -11.5% | -27.1% | -65.8% | -50.7% | +6.7% | +32.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
ALLETE, Inc.'s operating margin was 7.9% in Q3 2025, up 2.9 pp QoQ and down 3.2 pp YoY. The trailing four-quarter average of 9.1% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 61.8% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.5% | 12.3% | 29.6% | 35.1% | 33.7% | 32.3% | 31.5% | 32.5% | 30.0% | 30.3% | 23.3% | 23.0% | 26.3% |
| — | -61.8% | -5.9% | +7.9% | +12.3% | +6.7% | +35.0% | +41.1% | +14.2% | +6.2% | -3.8% | -34.1% | -17.3% | |
| Operating Margin | 10.5% | 7.9% | 5.0% | 13.2% | 10.4% | 11.1% | 8.3% | 11.7% | 10.7% | 9.5% | 10.0% | 8.6% | 7.9% |
| — | -29.0% | -39.8% | +12.9% | -2.4% | +17.1% | -17.3% | +37.2% | +35.2% | +10.5% | +173.2% | -38.6% | -36.8% | |
| Net Margin | 11.7% | 7.2% | 8.9% | 14.0% | 13.9% | 11.1% | 9.3% | 12.6% | 12.8% | 22.7% | 9.7% | 10.3% | 12.1% |
| — | -34.6% | -4.9% | +11.5% | +8.5% | -51.3% | -3.6% | +22.0% | +5.3% | +161.3% | -4.2% | -40.4% | -21.7% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.3% | 0.8% | 0.9% | 1.7% | 1.5% | 1.3% | 1.0% | 1.5% | 1.5% | 2.5% | 1.5% | 1.7% | 1.5% |
| — | -39.1% | -2.6% | +11.2% | -1.5% | -47.8% | -36.7% | -14.3% | -1.9% | +152.9% | +32.4% | -20.3% | -27.7% | |
| ROA | 2.4% | 0.4% | 0.5% | 0.8% | 0.7% | 0.7% | 0.5% | 0.7% | 0.7% | 1.3% | 0.8% | 0.8% | 0.7% |
| — | -42.6% | -6.9% | +8.4% | -2.6% | -48.3% | -35.9% | -10.7% | +2.9% | +164.2% | +38.2% | -15.9% | -22.1% | |
| ROIC | 2.3% | 0.4% | 0.3% | 0.8% | 0.6% | 0.7% | 0.4% | 0.7% | 0.6% | 0.5% | 0.8% | 0.7% | 0.5% |
| — | -38.1% | -39.9% | +11.3% | -11.8% | +25.4% | -44.7% | -0.2% | +31.9% | +11.7% | +288.0% | -14.5% | -37.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
ALLETE, Inc.'s Debt/EBITDA ratio is 21.6x — elevated, raising questions about debt serviceability. The current ratio has weakened 18.8% YoY to 1.17x, tightening the short-term liquidity position. Debt/Equity has risen for 5 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.53 | 0.67 | 0.59 | 0.57 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.54 | 0.58 | 0.58 |
| — | +26.2% | +11.7% | +7.5% | +1.0% | -0.5% | -0.9% | -8.6% | -8.4% | -9.6% | -10.1% | -7.3% | -14.7% | |
| Debt / EBITDA | 4.13 | 21.57 | 21.48 | 15.49 | 16.55 | 15.49 | 18.88 | 16.05 | 16.89 | 18.25 | 15.51 | 17.57 | 20.46 |
| — | +39.3% | +13.7% | -3.5% | -2.0% | -15.1% | +21.8% | -8.6% | -17.4% | -14.9% | -42.1% | +3.1% | +11.1% | |
| Current Ratio | 1.08 | 1.17 | 1.34 | 1.26 | 1.08 | 1.45 | 1.45 | 1.66 | 1.24 | 1.22 | 1.17 | 1.23 | 1.00 |
| — | -18.8% | -7.7% | -24.4% | -13.1% | +18.8% | +23.8% | +35.4% | +23.7% | +19.0% | +26.0% | +42.1% | +87.0% | |
| Quick Ratio | 0.69 | 0.73 | 0.81 | 0.81 | 0.69 | 0.95 | 0.83 | 0.96 | 0.78 | 0.78 | 0.66 | 0.48 | 0.37 |
| — | -23.3% | -2.4% | -16.1% | -10.4% | +21.3% | +25.8% | +100.2% | +111.8% | +120.5% | +54.4% | -5.9% | +2.7% | |
| Interest Coverage | 2.55 | 1.58 | 1.26 | 2.97 | 2.37 | 2.75 | 2.05 | 3.01 | 2.93 | 5.34 | 2.91 | 3.03 | 2.28 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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Quick answers to the most common questions about buying ALE stock.
ALLETE, Inc.'s current P/E is 21.9x. The average P/E over the last 4 quarters is 25.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
ALLETE, Inc.'s current operating margin is 10.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking ALLETE, Inc.'s business trajectory between earnings reports.