What is ALLETE, Inc.'s earnings per share (EPS)?

ALLETE, Inc. (ALE) reported diluted earnings per share of $3.10 for fiscal year 2024. This represents a -27.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

ALLETE, Inc. (ALE) Financials

ALE

Trailing 12 months to September 30, 2025

Revenue $1.5B -4.3% YoY

Net Income $165.7M -8.0% YoY

EPS (Diluted) $2.85 -8.7% YoY

Free Cash Flow -$322.1M -379.6% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2025, ended Sep 30, 2025 Reported Oct 31, 2025 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2025, filed Oct 31, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ALE SEC filings page.

ALLETE, Inc. (ALE) reported $1.5B in revenue over the twelve months to Sep 30, 2025, down 4.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ALE FY2024 2026-10-03

ALLETE’s 2024 revenue fell, but gross profit held nearly steady, while heavier capital spending reduced cash left after investment.

The sharp 2024 sales contraction did not pass through to gross profit: revenue fell 18.6% while gross profit slipped only 0.4%. That divergence points to a major change in reported cost mix or revenue composition, rather than simply weaker operating volume.

Operating cash flow was $457M against net income of $179M in 2024, so accounting earnings were accompanied by cash generation. Yet free cash flow fell to $102M as capital expenditures reached $355M, showing reinvestment absorbed much of the operating cash rather than weak cash collection driving the gap.

Leverage was broadly unchanged: debt-to-equity was 0.6x in both FY2023 and FY2024, while the current ratio eased from 1.2x to 1.1x. Dividends rose to $163M while net income fell to $179M, leaving less earnings headroom even though the financing structure remained stable.

Financial Health Signals

Financial Health Score 51/100

Scored as: Utilities peer group

Scored against utilities for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of ALLETE, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

ALLETE, Inc. has an operating margin of 10.5%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is up from 9.6% the prior year.

Growth

ALLETE, Inc.'s revenue declined 18.6% year-over-year, from $1.9B to $1.5B. This contraction results in a growth score of 19/100.

Leverage

ALLETE, Inc. has a moderate D/E ratio of 0.60. This balance of debt and equity financing earns a leverage score of 57/100.

Liquidity

With a current ratio of 1.08, ALLETE, Inc. holds $1.08 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 76/100.

Cash Flow

ALLETE, Inc. converts 6.7% of revenue into free cash flow ($102.2M). This strong cash generation earns a score of 87/100.

Returns

ALLETE, Inc. generates a 6.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is down from 8.8% the prior year.

Altman Z-Score Distress

1.23

ALLETE, Inc. scores 1.23, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3.9B) relative to total liabilities ($3.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

4/9

ALLETE, Inc. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

2.55x

For every $1 of reported earnings, ALLETE, Inc. generates $2.55 in operating cash flow ($457.1M OCF vs $179.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.96x

ALLETE, Inc. earns $1.96 in operating income for every $1 of interest expense ($160.1M vs $81.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$375.0M

YoY-7.9%

QoQ+4.1%

5Y CAGR+5.0%

10Y CAGR-2.1%

ALLETE, Inc. generated $375.0M in revenue in Q3 2025. This represents a decrease of 7.9% from the same quarter a year earlier. Against the prior quarter it is up 4.1%.

EBITDA

$102.1M

YoY-12.1%

QoQ+12.0%

5Y CAGR+1.5%

10Y CAGR-2.3%

ALLETE, Inc.'s EBITDA was $102.1M in Q3 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.1% from the same quarter a year earlier. Against the prior quarter it is up 12.0%.

Net Income

$27.1M

YoY-39.8%

QoQ-15.0%

5Y CAGR-7.8%

10Y CAGR-7.7%

ALLETE, Inc. reported $27.1M in net income in Q3 2025. This represents a decrease of 39.8% from the same quarter a year earlier. Against the prior quarter it is down 15.0%.

EPS (Diluted)

$0.46

YoY-41.0%

QoQ-16.4%

5Y CAGR-10.0%

10Y CAGR-9.4%

ALLETE, Inc. earned $0.46 per diluted share (EPS) in Q3 2025. This represents a decrease of 41.0% from the same quarter a year earlier. Against the prior quarter it is down 16.4%.

Cash & Balance Sheet

Free Cash Flow

-$174.2M

YoY-284.3%

QoQ-152.8%

ALLETE, Inc. recorded an outflow of $174.2M in free cash flow in Q3 2025, representing a cash shortfall after capex. This represents a decrease of 284.3% from the same quarter a year earlier. Against the prior quarter it is down 152.8%.

Cash & Debt

$78.7M

YoY-22.8%

QoQ+42.1%

5Y CAGR-0.1%

10Y CAGR-2.7%

ALLETE, Inc. held $78.7M in cash against $2.1B in long-term debt as of Q3 2025.

Dividends Per Share

$0.73

YoY+3.5%

QoQ0.0%

5Y CAGR+3.4%

10Y CAGR+3.8%

ALLETE, Inc. paid $0.73 per share in dividends in Q3 2025. This represents an increase of 3.5% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

58M

YoY+0.5%

QoQ+0.1%

5Y CAGR+2.3%

10Y CAGR+1.7%

ALLETE, Inc. had 58M shares outstanding in Q3 2025. This represents an increase of 0.5% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Gross Margin

93.1%

YoY+4.6pp

QoQ-0.2pp

ALLETE, Inc.'s gross margin was 93.1% in Q3 2025, indicating the percentage of revenue retained after direct costs. This is up 4.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.

Operating Margin

7.9%

YoY-3.2pp

QoQ+2.9pp

5Y change-6.3pp

10Y change-10.5pp

ALLETE, Inc.'s operating margin was 7.9% in Q3 2025, reflecting core business profitability. This is down 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.

Net Margin

7.2%

YoY-3.8pp

QoQ-1.6pp

5Y change-6.6pp

10Y change-5.8pp

ALLETE, Inc.'s net profit margin was 7.2% in Q3 2025, showing the share of revenue converted to profit. This is down 3.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.6 percentage points.

Return on Equity

0.9%

YoY-0.6pp

QoQ-0.2pp

5Y change-0.8pp

10Y change-2.4pp

ALLETE, Inc.'s ROE was 0.9% in Q3 2025, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.

Capital Allocation

Capital Expenditures

$277.6M

YoY+188.3%

QoQ+156.3%

5Y CAGR+18.1%

10Y CAGR+15.2%

ALLETE, Inc. invested $277.6M in capex in Q3 2025, funding long-term assets and infrastructure. This represents an increase of 188.3% from the same quarter a year earlier. Against the prior quarter it is up 156.3%.

R&D Spending

Not reported for Q3 2025.

Share Buybacks

Not reported for Q3 2025.

ALE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ALE quarterly income statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Revenue	$1.5B	$1.5B-18.6%	$1.9B+19.7%	$1.6B+10.7%	$1.4B+21.4%	$1.2B-5.8%	$1.2B-17.2%	$1.5B+5.6%	$1.4B+5.9%	$1.3B-9.9%	$1.5B+30.8%	$1.1B+11.6%	$1.0B+6.0%	$961.2M	N/A	N/A
Cost of Revenue	N/A	$129.2M-72.7%	$473.5M+159.0%	$182.8M+165.7%	$68.8M+3.1%	$66.7M-17.2%	$80.6M-63.0%	$218.0M+47.8%	$147.5M+7.4%	$137.4M-53.3%	$294.4M+277.9%	$77.9M+9.4%	$71.2M	N/A	N/A	N/A
Gross Profit	N/A	$1.4B-0.4%	$1.4B+1.3%	$1.4B+2.8%	$1.4B+22.5%	$1.1B-5.0%	$1.2B-9.4%	$1.3B+0.7%	$1.3B+5.8%	$1.2B+0.9%	$1.2B+12.6%	$1.1B+11.8%	$947.2M	N/A	N/A	N/A
Operating Income	$138.7M	$160.1M-11.5%	$180.9M+34.8%	$134.2M-11.3%	$151.3M+9.5%	$138.2M-23.1%	$179.8M-10.6%	$201.2M-10.9%	$225.9M+4.1%	$217.0M+3.0%	$210.7M+11.6%	$188.8M+22.5%	$154.1M-0.7%	$155.2M+3.5%	$150.0M+10.5%	$135.8M
EBITDA	N/A	$431.6M-0.3%	$432.7M+15.0%	$376.4M-1.7%	$383.0M+7.6%	$356.0M-6.8%	$381.8M-6.1%	$406.8M+0.8%	$403.4M-2.3%	$412.8M+8.4%	$380.7M+17.3%	$324.5M+19.9%	$270.7M+6.0%	$255.4M+6.2%	$240.4M+11.1%	$216.3M
Interest Expense	N/A	$81.7M+1.1%	$80.8M+7.4%	$75.2M+8.8%	$69.1M+5.3%	$65.6M+1.1%	$64.9M-4.4%	$67.9M+0.1%	$67.8M-3.6%	$70.3M+8.3%	$64.9M+18.4%	$54.8M+8.9%	$50.3M+10.5%	$45.5M+4.4%	$43.6M+11.2%	$39.2M
Income Tax	N/A	$4.7M-83.2%	$27.9M+189.4%	-$31.2M-16.0%	-$26.9M+38.0%	-$43.4M-557.6%	-$6.6M+57.4%	-$15.5M-205.4%	$14.7M-25.8%	$19.8M-21.7%	$25.3M-31.1%	$36.7M+27.9%	$28.7M-24.5%	$38.0M+6.7%	$35.6M-19.6%	$44.3M
Net Income	$165.7M	$179.3M-27.4%	$247.1M+30.5%	$189.3M+11.9%	$169.2M+2.3%	$165.4M-10.9%	$185.6M+6.6%	$174.1M+1.1%	$172.2M+10.9%	$155.3M+10.1%	$141.1M+13.1%	$124.8M+19.2%	$104.7M+7.8%	$97.1M+3.5%	$93.8M+24.6%	$75.3M
EPS (Basic)	N/A	$3.11-27.8%	$4.31+27.5%	$3.38+4.6%	$3.23+1.6%	$3.18-11.4%	$3.59+5.9%	$3.390.0%	$3.39+7.6%	$3.15+7.9%	$2.92+0.3%	$2.91+10.2%	$2.64+1.9%	$2.59-2.6%	$2.66+20.9%	$2.20
EPS (Diluted)	$2.85	$3.10-27.9%	$4.30+27.2%	$3.38+4.6%	$3.23+1.6%	$3.18-11.4%	$3.59+6.2%	$3.380.0%	$3.38+7.6%	$3.14+7.5%	$2.92+0.7%	$2.90+10.3%	$2.63+1.9%	$2.58-2.6%	$2.65+21.0%	$2.19
Diluted Shares (Avg)	N/A	58M+0.7%	57M+2.5%	56M+6.7%	53M+1.2%	52M+0.4%	52M+0.4%	52M+1.0%	51M+3.0%	50M+2.3%	48M+12.3%	43M+8.3%	40M+5.9%	38M+6.2%	35M+3.2%	34M

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Revenue	$375.0M-7.9%	$360.3M+1.6%	$400.2M-0.8%	$364.8M-9.4%	$407.2M+7.5%	$354.5M-33.5%	$403.3M-28.6%	$402.7M-5.4%
Cost of Revenue	$26.0M-44.7%	$24.3M-23.6%	$24.9M+2.0%	N/A	$47.0M+42.4%	$31.8M-83.5%	$24.4M-88.4%	N/A
Gross Profit	$349.0M-3.1%	$336.0M+4.1%	$375.3M-1.0%	N/A	$360.2M+4.2%	$322.7M-5.1%	$378.9M+6.9%	N/A
Operating Income	$29.6M-34.7%	$18.0M-38.8%	$53.0M+12.1%	$38.1M-11.6%	$45.3M+25.8%	$29.4M-45.0%	$47.3M-2.1%	$43.1M+27.9%
EBITDA	$102.1M-12.1%	$91.2M-4.4%	$122.7M+9.3%	$107.8M+1.0%	$116.1M+17.2%	$95.4M-18.0%	$112.3M+1.5%	$106.7M+12.9%
Interest Expense	$25.6M+26.1%	$23.1M+14.9%	$21.4M+4.9%	N/A	$20.3M-1.0%	$20.1M-4.7%	$20.4M+5.7%	N/A
Income Tax	$1.6M-44.8%	-$600K-142.9%	$7.5M+87.5%	N/A	$2.9M-85.0%	$1.4M+450.0%	$4.0M+166.7%	N/A
Net Income	$27.1M-39.8%	$31.9M-3.3%	$56.1M+10.7%	$50.6M-1.7%	$45.0M-47.6%	$33.0M-35.9%	$50.7M-12.9%	$51.5M-0.4%
EPS (Basic)	$0.47-39.7%	$0.55-3.5%	$0.97+10.2%	$0.88-1.1%	$0.78-48.0%	$0.57-36.7%	$0.88-13.7%	$0.89-1.1%
EPS (Diluted)	$0.46-41.0%	$0.55-3.5%	$0.97+10.2%	$0.87-2.2%	$0.78-47.7%	$0.57-36.7%	$0.88-13.7%	$0.89-1.1%
Diluted Shares (Avg)	58M+0.5%	58M+0.5%	58M+0.5%	N/A	58M+0.7%	58M+0.7%	58M+0.7%	N/A

Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.

ALE Balance Sheet

ALE quarterly balance sheet

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Total Assets	$6.8B+1.5%	$6.7B-2.8%	$6.8B+6.6%	$6.4B+5.6%	$6.1B+11.0%	$5.5B+6.2%	$5.2B+1.7%	$5.1B+4.2%	$4.9B-0.4%	$4.9B+12.2%	$4.4B+25.4%	$3.5B+6.9%	$3.3B+13.1%	$2.9B+10.2%	$2.6B
Current Assets	$435.2M-7.0%	$468.1M-34.8%	$718.0M+146.5%	$291.3M+14.3%	$254.9M-5.4%	$269.5M-19.4%	$334.3M-9.0%	$367.5M+24.8%	$294.5M-20.6%	$371.0M-11.4%	$418.8M+36.4%	$307.0M+12.4%	$273.2M-1.4%	$277.0M+15.6%	$239.7M
Cash & Equivalents	$32.8M-54.4%	$71.9M+97.5%	$36.4M-19.3%	$45.1M+1.8%	$44.3M-36.1%	$69.3M+0.3%	$69.1M-30.1%	$98.9M+259.6%	$27.5M-71.6%	$97.0M-33.5%	$145.8M+49.8%	$97.3M+20.4%	$80.8M-20.1%	$101.1M+125.2%	$44.9M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$6.7M
Inventory	$154.6M-11.9%	$175.4M-61.5%	$455.9M+366.6%	$97.7M+31.7%	$74.2M+1.9%	$72.8M-16.0%	$86.7M-9.6%	$95.9M-8.0%	$104.2M-11.0%	$117.1M+45.5%	$80.5M+35.8%	$59.3M-15.0%	$69.8M+1.0%	$69.1M+15.2%	$60.0M
Accounts Receivable	$141.4M+9.6%	$129.0M-4.2%	$134.7M+9.1%	$123.5M+10.4%	$111.9M+16.1%	$96.4M-33.2%	$144.4M+6.9%	$135.1M+10.3%	$122.5M+1.1%	$121.2M+17.7%	$103.0M+7.0%	$96.3M+8.2%	$89.0M+11.7%	$79.7M-19.9%	$99.5M
Long-Term Investments	$0	$0	$0	$0	$0	$0-100.0%	$20.2M+5.8%	$19.1M+1.6%	$18.8M+1.6%	$18.5M-2.1%	$18.9M+6.8%	$17.7M-34.0%	$26.8M+8.5%	$24.7M-2.0%	$25.2M
Goodwill	$154.9M0.0%	$154.9M0.0%	$154.9M	N/A	N/A	$0-100.0%	$148.5M+0.1%	$148.3M+13.0%	$131.2M+0.5%	$130.6M+4403.4%	$2.9M0.0%	$2.9M	N/A	N/A	N/A
Total Liabilities	$3.4B+3.5%	$3.2B-7.1%	$3.5B+0.4%	$3.5B+6.1%	$3.3B+4.4%	$3.1B+4.6%	$3.0B-0.1%	$3.0B+0.9%	$3.0B-2.9%	$3.1B+11.7%	$2.7B+28.9%	$2.1B+4.0%	$2.1B+14.2%	$1.8B+10.6%	$1.6B
Current Liabilities	$404.2M+7.0%	$377.6M-47.3%	$716.2M+31.8%	$543.4M+18.2%	$459.6M-9.4%	$507.4M+25.3%	$405.1M+15.3%	$351.2M-12.1%	$399.5M+45.4%	$274.8M-33.9%	$416.0M+80.7%	$230.2M-18.8%	$283.4M+73.8%	$163.1M+2.6%	$158.9M
Non-Current Liabilities	$3.0B+3.1%	$2.9B+3.3%	$2.8B-5.4%	$2.9B+4.1%	$2.8B+7.0%	$2.6B+1.4%	$2.6B-2.1%	$2.7B+2.9%	$2.6B-7.6%	$2.8B+19.9%	$2.3B+22.6%	$1.9B+7.6%	$1.8B+8.3%	$1.6B+11.5%	$1.5B
Long-Term Debt	$1.7B+1.5%	$1.7B+1.9%	$1.6B-6.5%	$1.8B+10.7%	$1.6B+13.7%	$1.4B-1.9%	$1.4B-0.7%	$1.4B+5.0%	$1.4B-12.0%	$1.6B+22.3%	$1.3B+17.5%	$1.1B+16.0%	$933.6M+8.8%	$857.9M+11.2%	$771.6M
Total Equity	$2.8B+1.4%	$2.8B+4.4%	$2.7B+12.0%	$2.4B+4.8%	$2.3B+2.8%	$2.2B+3.5%	$2.2B+4.2%	$2.1B+9.3%	$1.9B+4.0%	$1.8B+13.1%	$1.6B+19.8%	$1.3B+11.8%	$1.2B+11.3%	$1.1B+10.6%	$976.0M
Retained Earnings	$1.0B+1.6%	$1.0B+9.8%	$934.8M+4.9%	$891.4M+3.1%	$864.8M+5.6%	$818.8M+8.5%	$754.6M+9.5%	$689.4M+10.1%	$625.9M+9.2%	$573.3M+8.1%	$530.1M+8.4%	$489.1M+6.4%	$459.6M+6.5%	$431.6M+7.9%	$399.9M

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Total Assets	$7.2B+6.2%	$6.9B+3.8%	$6.9B+4.0%	$6.8B+1.5%	$6.7B+1.4%	$6.7B+1.4%	$6.6B-1.5%	$6.7B-2.8%
Current Assets	$485.0M+0.3%	$452.9M+4.8%	$477.9M+10.3%	$435.2M-7.0%	$483.4M-3.9%	$432.2M-3.1%	$433.2M-24.0%	$468.1M-34.8%
Cash & Equivalents	$78.7M-22.8%	$55.4M+47.7%	$92.0M+187.5%	$32.8M-54.4%	$101.9M-18.8%	$37.5M-21.7%	$32.0M+7.0%	$71.9M+97.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$184.9M+11.0%	$178.2M-3.3%	$171.1M-6.3%	$154.6M-11.9%	$166.6M-7.6%	$184.3M-5.1%	$182.7M-47.3%	$175.4M-61.5%
Accounts Receivable	N/A	N/A	N/A	$141.4M+9.6%	$136.8M+14.4%	$133.0M+8.0%	$142.2M+18.2%	$129.0M-4.2%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$154.9M0.0%	$154.9M0.0%	$154.9M0.0%	$154.9M0.0%	$154.9M0.0%	$154.9M0.0%	$154.9M0.0%	$154.9M0.0%
Total Liabilities	$3.8B+13.9%	$3.5B+8.6%	$3.5B+8.8%	$3.4B+3.5%	$3.3B+3.0%	$3.3B+2.1%	$3.2B-4.5%	$3.2B-7.1%
Current Liabilities	$413.2M+23.6%	$337.9M+13.5%	$380.6M+45.9%	$404.2M+7.0%	$334.4M-19.1%	$297.6M-21.7%	$260.8M-43.8%	$377.6M-47.3%
Non-Current Liabilities	$3.4B+12.8%	$3.2B+8.1%	$3.1B+5.5%	$3.0B+3.1%	$3.0B+6.2%	$3.0B+5.3%	$2.9B+1.8%	$2.9B+3.3%
Long-Term Debt	$2.1B+20.4%	$1.9B+10.6%	$1.8B+3.4%	$1.7B+1.5%	$1.7B+3.4%	$1.7B+3.6%	$1.8B+1.0%	$1.7B+1.9%
Total Equity	$2.9B+0.7%	$2.9B+1.4%	$2.9B+1.5%	$2.8B+1.4%	$2.8B+1.6%	$2.8B+3.2%	$2.8B+4.0%	$2.8B+4.4%
Retained Earnings	$1.0B-0.2%	$1.0B+1.7%	$1.1B+1.9%	$1.0B+1.6%	$1.0B+1.9%	$1.0B+6.4%	$1.0B+8.6%	$1.0B+9.8%

ALE Cash Flow Statement

ALE quarterly cash flow statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Operating Cash Flow	$342.8M	$457.1M-21.9%	$585.3M+164.5%	$221.3M-16.0%	$263.5M-12.1%	$299.8M+21.4%	$246.9M-42.8%	$431.3M+7.0%	$402.9M+20.3%	$334.9M-1.5%	$340.1M+26.1%	$269.8M+12.7%	$239.4M-0.1%	$239.6M-0.9%	$241.7M+5.7%	$228.7M
Depreciation & Amortization	N/A	$271.5M+7.8%	$251.8M+4.0%	$242.2M+4.5%	$231.7M+6.4%	$217.8M+7.8%	$202.0M-1.8%	$205.6M+15.8%	$177.5M-9.3%	$195.8M+15.2%	$170.0M+25.3%	$135.7M+16.4%	$116.6M+16.4%	$100.2M+10.8%	$90.4M+12.3%	$80.5M
Stock-Based Compensation	N/A	$6.6M-9.6%	$7.3M+49.0%	$4.9M-16.9%	$5.9M-3.3%	$6.1M-3.2%	$6.3M-7.4%	$6.8M+3.0%	$6.6M+29.4%	$5.1M-56.0%	$11.6M+404.3%	$2.3M-4.2%	$2.4M+14.3%	$2.1M+31.3%	$1.6M-27.3%	$2.2M
Capital Expenditures	$664.9M	$354.9M+30.9%	$271.2M+23.0%	$220.5M-54.0%	$479.5M-33.8%	$724.7M+21.4%	$597.1M+91.1%	$312.4M+49.8%	$208.5M-21.5%	$265.6M-7.4%	$286.8M-49.9%	$572.8M+74.4%	$328.5M-19.0%	$405.8M+69.6%	$239.2M-3.9%	$248.9M
Free Cash Flow	-$322.1M	$102.2M-67.5%	$314.1M+39162.5%	$800K+100.4%	-$216.0M+49.2%	-$424.9M-21.3%	-$350.2M-394.5%	$118.9M-38.8%	$194.4M+180.5%	$69.3M+30.0%	$53.3M+117.6%	-$303.0M-240.1%	-$89.1M+46.4%	-$166.2M-6748.0%	$2.5M+112.4%	-$20.2M
Investing Cash Flow	-$677.1M	-$340.7M-20.1%	-$283.6M+26.1%	-$384.0M+20.9%	-$485.2M+40.3%	-$812.8M-137.2%	-$342.7M+1.3%	-$347.2M-51.6%	-$229.0M+15.8%	-$272.1M+56.0%	-$618.8M+1.1%	-$625.7M-85.9%	-$336.6M+19.9%	-$420.1M-74.4%	-$240.9M+4.0%	-$250.9M
Financing Cash Flow	$304.5M	-$140.6M+46.4%	-$262.5M-269.1%	$155.2M-24.0%	$204.2M-58.0%	$485.7M+344.4%	$109.3M+194.9%	-$115.2M-12.8%	-$102.1M+24.5%	-$135.2M-158.8%	$229.9M-43.2%	$404.4M+255.7%	$113.7M-29.0%	$160.2M+189.2%	$55.4M+33.8%	$41.4M
Dividends Paid	$167.8M	$162.8M+4.7%	$155.5M+6.6%	$145.9M+10.6%	$131.9M+2.9%	$128.2M+5.6%	$121.4M+5.6%	$115.0M+5.8%	$108.7M+5.8%	$102.7M+4.9%	$97.9M+16.8%	$83.8M+11.4%	$75.2M+8.8%	$69.1M+11.3%	$62.1M+2.1%	$60.8M

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Operating Cash Flow	$103.4M-45.8%	$39.4M-66.2%	$110.2M+83.4%	$89.8M+37.5%	$190.8M+1.3%	$116.4M-51.3%	$60.1M-35.0%	$65.3M-53.4%
Depreciation & Amortization	$72.5M+2.4%	$73.2M+10.9%	$69.7M+7.2%	$69.7M+9.6%	$70.8M+12.2%	$66.0M+5.1%	$65.0M+4.3%	$63.6M+4.6%
Stock-Based Compensation	N/A	N/A	$1.7M0.0%	N/A	N/A	N/A	$1.7M+112.5%	N/A
Capital Expenditures	$277.6M+188.3%	$108.3M+47.5%	$154.4M+154.8%	$124.6M+43.1%	$96.3M+51.4%	$73.4M+45.3%	$60.6M-13.4%	$87.1M+30.0%
Free Cash Flow	-$174.2M-284.3%	-$68.9M-260.2%	-$44.2M-8740.0%	-$34.8M-59.6%	$94.5M-24.3%	$43.0M-77.2%	-$500K-102.2%	-$21.8M-129.8%
Investing Cash Flow	-$282.6M-240.1%	-$113.5M-49.3%	-$160.2M-163.5%	-$120.8M-45.5%	-$83.1M-19.9%	-$76.0M-34.3%	-$60.8M+18.6%	-$83.0M-13.9%
Financing Cash Flow	$202.5M+601.2%	$37.6M+201.6%	$89.2M+332.3%	-$24.8M+27.3%	-$40.4M-3.6%	-$37.0M+78.4%	-$38.4M-109.8%	-$34.1M+54.9%
Dividends Paid	$42.4M+4.2%	$42.3M+3.9%	$42.3M+4.2%	$40.8M+4.6%	$40.7M+4.6%	$40.7M+4.9%	$40.6M+4.6%	$39.0M+4.6%

Not reported in any period shown, so not listed: Share Buybacks.

ALE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ALE quarterly financial ratios

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Gross Margin	91.5%+16.7pp	74.8%-13.6pp	88.4%-6.8pp	95.2%+0.9pp	94.3%+0.8pp	93.5%+8.1pp	85.5%-4.2pp	89.6%-0.1pp	89.7%+9.6pp	80.2%-13.0pp	93.2%+0.1pp	93.0%	N/A	N/A	N/A
Operating Margin	10.5%+0.9pp	9.6%+1.1pp	8.5%-2.1pp	10.7%-1.2pp	11.8%-2.7pp	14.5%+1.1pp	13.4%-2.5pp	15.9%-0.3pp	16.2%+2.0pp	14.2%-2.4pp	16.6%+1.5pp	15.1%-1.0pp	16.2%	N/A	N/A
Net Margin	11.7%-1.4pp	13.2%+1.1pp	12.0%+0.1pp	11.9%-2.2pp	14.1%-0.8pp	15.0%+3.3pp	11.6%-0.5pp	12.1%+0.5pp	11.6%+2.1pp	9.5%-1.5pp	11.0%+0.7pp	10.3%+0.2pp	10.1%	N/A	N/A
Return on Equity	6.3%-2.5pp	8.8%+1.8pp	7.0%0.0pp	7.0%-0.2pp	7.2%-1.1pp	8.3%+0.2pp	8.1%-0.3pp	8.3%+0.1pp	8.2%+0.5pp	7.8%0.0pp	7.8%-0.1pp	7.8%-0.3pp	8.1%-0.6pp	8.7%+1.0pp	7.7%
Return on Assets	2.6%-1.1pp	3.7%+0.9pp	2.8%+0.1pp	2.6%-0.1pp	2.7%-0.7pp	3.4%0.0pp	3.4%0.0pp	3.4%+0.2pp	3.2%+0.3pp	2.9%0.0pp	2.9%-0.1pp	3.0%0.0pp	3.0%-0.3pp	3.3%+0.4pp	2.9%
Current Ratio	1.08-0.2x	1.24+0.2x	1.00+0.5x	0.540.0x	0.550.0x	0.53-0.3x	0.83-0.2x	1.05+0.3x	0.74-0.6x	1.35+0.3x	1.01-0.3x	1.33+0.4x	0.96-0.7x	1.70+0.2x	1.51
Debt-to-Equity	0.600.0x	0.600.0x	0.61-0.1x	0.730.0x	0.69+0.1x	0.630.0x	0.660.0x	0.700.0x	0.72-0.1x	0.86+0.1x	0.790.0x	0.810.0x	0.780.0x	0.790.0x	0.79
Asset Turnover	0.23-0.1x	0.28+0.1x	0.230.0x	0.220.0x	0.190.0x	0.23-0.1x	0.290.0x	0.280.0x	0.270.0x	0.300.0x	0.260.0x	0.290.0x	0.30	N/A	N/A
FCF Margin	6.7%-10.0pp	16.7%+16.7pp	0.1%+15.3pp	-15.2%+21.1pp	-36.3%-8.1pp	-28.2%-36.2pp	7.9%-5.8pp	13.7%+8.5pp	5.2%+1.6pp	3.6%+30.2pp	-26.7%-17.9pp	-8.8%+8.5pp	-17.3%	N/A	N/A

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Gross Margin	93.1%+4.6pp	93.3%+2.2pp	93.8%-0.2pp	N/A	88.5%-2.8pp	91.0%+27.2pp	94.0%+31.2pp	N/A
Operating Margin	7.9%-3.2pp	5.0%-3.3pp	13.2%+1.5pp	10.4%-0.3pp	11.1%+1.6pp	8.3%-1.7pp	11.7%+3.2pp	10.7%+2.8pp
Net Margin	7.2%-3.8pp	8.8%-0.5pp	14.0%+1.4pp	13.9%+1.1pp	11.1%-11.6pp	9.3%-0.4pp	12.6%+2.3pp	12.8%+0.7pp
Return on Equity	0.9%-0.6pp	1.1%-0.1pp	2.0%+0.2pp	1.8%-0.1pp	1.6%-1.5pp	1.2%-0.7pp	1.8%-0.3pp	1.8%-0.1pp
Return on Assets	0.4%-0.3pp	0.5%0.0pp	0.8%+0.1pp	0.8%0.0pp	0.7%-0.6pp	0.5%-0.3pp	0.8%-0.1pp	0.8%0.0pp
Current Ratio	1.17-0.3x	1.34-0.1x	1.26-0.4x	1.08-0.2x	1.45+0.2x	1.45+0.3x	1.66+0.4x	1.24+0.2x
Debt-to-Equity	0.74+0.1x	0.68+0.1x	0.640.0x	0.600.0x	0.620.0x	0.620.0x	0.630.0x	0.600.0x
Asset Turnover	0.050.0x	0.050.0x	0.060.0x	0.050.0x	0.060.0x	0.050.0x	0.060.0x	0.060.0x
FCF Margin	-46.5%-69.7pp	-19.1%-31.3pp	-11.0%-10.9pp	-9.5%-4.1pp	23.2%-9.7pp	12.1%-23.3pp	-0.1%-4.1pp	-5.4%-22.6pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
ALLETE, Inc. ALE	FY2024	$1.5B	$179.3M	11.7%	$3.9B	51/100
Algonquin Power & Utilities Corp AQN	FY2025	$2.4B	$180.8M	7.4%	$4.0B	37/100
Avista Corporation AVA	FY2025	$2.0B	$193.0M	9.8%	$3.1B	57/100
AES Corporation AES	FY2025	$12.2B	$910.0M	7.4%	$10.7B	14/100
Unitil Corporation UTL	FY2025	$536.0M	$50.2M	9.4%	$986.1M	50/100

Where ALLETE, Inc. Ranks

Frequently Asked Questions

What is ALLETE, Inc.'s annual revenue?

ALLETE, Inc. (ALE) reported $1.5B in total revenue for fiscal year 2024. This represents a -18.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is ALLETE, Inc.'s revenue growing?

ALLETE, Inc. (ALE) revenue declined by 18.6% year-over-year, from $1.9B to $1.5B in fiscal year 2024.

Is ALLETE, Inc. profitable?

Yes, ALLETE, Inc. (ALE) reported a net income of $179.3M in fiscal year 2024, with a net profit margin of 11.7%.

What is ALLETE, Inc.'s EBITDA?

ALLETE, Inc. (ALE) had EBITDA of $431.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does ALLETE, Inc. have?

As of fiscal year 2024, ALLETE, Inc. (ALE) had $32.8M in cash and equivalents against $1.7B in long-term debt.

What is ALLETE, Inc.'s gross margin?

ALLETE, Inc. (ALE) had a gross margin of 91.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is ALLETE, Inc.'s operating margin?

ALLETE, Inc. (ALE) had an operating margin of 10.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is ALLETE, Inc.'s net profit margin?

ALLETE, Inc. (ALE) had a net profit margin of 11.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does ALLETE, Inc. pay dividends?

Yes, ALLETE, Inc. (ALE) paid $2.82 per share in dividends during fiscal year 2024.

What is ALLETE, Inc.'s return on equity (ROE)?

ALLETE, Inc. (ALE) has a return on equity of 6.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is ALLETE, Inc.'s free cash flow?

ALLETE, Inc. (ALE) generated $102.2M in free cash flow during fiscal year 2024. This represents a -67.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is ALLETE, Inc.'s operating cash flow?

ALLETE, Inc. (ALE) generated $457.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are ALLETE, Inc.'s total assets?

ALLETE, Inc. (ALE) had $6.8B in total assets as of fiscal year 2024, including both current and long-term assets.

What are ALLETE, Inc.'s capital expenditures?

ALLETE, Inc. (ALE) invested $354.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does ALLETE, Inc. have outstanding?

ALLETE, Inc. (ALE) had 58M shares outstanding as of fiscal year 2024.

What is ALLETE, Inc.'s current ratio?

ALLETE, Inc. (ALE) had a current ratio of 1.08 as of fiscal year 2024, which is considered adequate.

What is ALLETE, Inc.'s debt-to-equity ratio?

ALLETE, Inc. (ALE) had a debt-to-equity ratio of 0.60 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ALLETE, Inc.'s return on assets (ROA)?

ALLETE, Inc. (ALE) had a return on assets of 2.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is ALLETE, Inc.'s Altman Z-Score?

ALLETE, Inc. (ALE) has an Altman Z-Score of 1.23, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is ALLETE, Inc.'s Piotroski F-Score?

ALLETE, Inc. (ALE) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are ALLETE, Inc.'s earnings high quality?

ALLETE, Inc. (ALE) has an earnings quality ratio of 2.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can ALLETE, Inc. cover its interest payments?

ALLETE, Inc. (ALE) has an interest coverage ratio of 1.96x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is ALLETE, Inc.?

ALLETE, Inc. (ALE) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.