Allete Financial Statements From 2010 to 2025

ALE Stock  USD 65.41  0.23  0.35%   
Allete financial statements provide useful quarterly and yearly information to potential Allete Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Allete financial statements helps investors assess Allete's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Allete's valuation are summarized below:
Gross Profit
497 M
Profit Margin
0.1172
Market Capitalization
3.8 B
Enterprise Value Revenue
3.6392
Revenue
1.5 B
There are over one hundred nineteen available fundamental signals for Allete Inc, which can be analyzed over time and compared to other ratios. Investors should ensure to validate all of Allete's prevailing performance against the performance from 2010 to 2025 to make sure the company is sustainable down the road. The current year's Market Cap is expected to grow to about 3.4 B, whereas Enterprise Value is forecasted to decline to about 894.5 M.

Allete Total Revenue

1.09 Billion

Check Allete financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Allete's main balance sheet or income statement drivers, such as Interest Expense of 85.8 M, Total Revenue of 1.1 B or Gross Profit of 1.2 B, as well as many indicators such as Price To Sales Ratio of 2.57, Dividend Yield of 0.0605 or PTB Ratio of 0.95. Allete financial statements analysis is a perfect complement when working with Allete Valuation or Volatility modules.
  
Check out the analysis of Allete Correlation against competitors.

Allete Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding35.4 M57.8 M46.1 M
Slightly volatile
Total Assets3.9 B6.8 B4.9 B
Slightly volatile
Short and Long Term Debt Total1.2 B1.8 B1.5 B
Slightly volatile
Other Current Liabilities121 M141.3 M115.6 M
Slightly volatile
Total Current Liabilities390.5 M404.2 M381.6 M
Slightly volatile
Total Stockholder Equity1.5 B2.8 B1.9 B
Slightly volatile
Property Plant And Equipment Net2.8 B5.2 B3.7 B
Slightly volatile
Net Debt1.1 B1.8 B1.4 B
Slightly volatile
Retained Earnings576 MB686.9 M
Slightly volatile
Accounts Payable88.6 M113.6 M104.7 M
Slightly volatile
Cash31.2 M32.8 M67.2 M
Slightly volatile
Non Current Assets Total3.5 B6.3 B4.5 B
Slightly volatile
Cash And Short Term Investments31.2 M32.8 M67.2 M
Slightly volatile
Net Receivables117.4 M148.1 M117.3 M
Slightly volatile
Common Stock Total Equity2.2 BB1.3 B
Slightly volatile
Liabilities And Stockholders Equity3.9 B6.2 B4.8 B
Slightly volatile
Non Current Liabilities Total1.9 BB2.4 B
Slightly volatile
Inventory82.4 M154.6 M113.9 M
Slightly volatile
Other Current Assets71.6 M99.7 M59.4 M
Very volatile
Total Liabilities2.3 B3.4 B2.8 B
Slightly volatile
Property Plant And Equipment Gross8.1 B7.7 B4.5 B
Slightly volatile
Total Current Assets317.6 M435.2 M354 M
Slightly volatile
Short Term Debt122.8 M94.7 M118.1 M
Slightly volatile
Common Stock983.7 M1.8 B1.3 B
Slightly volatile
Other Liabilities675.9 M1.3 B908.8 M
Slightly volatile
Other Assets421.1 M681.4 M513.4 M
Slightly volatile
Long Term Debt1.2 B1.7 B1.4 B
Slightly volatile
Property Plant EquipmentB5.8 B3.9 B
Slightly volatile
Current Deferred Revenue8.1 M8.5 M40.3 M
Very volatile
Net Tangible Assets1.9 B3.1 B1.9 B
Slightly volatile
Retained Earnings Total Equity716.9 M1.1 B699.9 M
Slightly volatile
Long Term Debt Total1.4 B1.9 B1.4 B
Slightly volatile
Deferred Long Term Liabilities275.9 M142.3 M316.2 M
Slightly volatile
Long Term Investments277.3 M340.1 M253.6 M
Slightly volatile
Non Current Liabilities Other49.3 M51.9 M595.8 M
Very volatile
Short and Long Term Debt155.5 M94.7 M132.1 M
Slightly volatile
Cash And Equivalents44.6 M32.8 M41.8 M
Pretty Stable
Net Invested Capital4.6 B4.6 B3.9 B
Slightly volatile
Capital Stock1.8 B1.8 B1.5 B
Slightly volatile
Capital Lease Obligations16 M11.2 M23.6 M
Slightly volatile

Allete Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Total Revenue1.1 B1.5 B1.3 B
Slightly volatile
Gross Profit1.2 B1.2 B524.2 M
Slightly volatile
Operating Income189.1 M160.1 M192 M
Slightly volatile
EBIT197.1 M208.1 M222 M
Pretty Stable
EBITDA375.9 M486.3 M400.6 M
Slightly volatile
Net Income121.1 M179.3 M146.3 M
Slightly volatile
Depreciation And Amortization292.1 M278.2 M188.7 M
Slightly volatile
Other Operating Expenses1.1 B1.7 B1.1 B
Slightly volatile
Cost Of Revenue568.8 M361.4 M786 M
Slightly volatile
Total Operating Expenses1.4 B1.4 B400.3 M
Slightly volatile
Income Before Tax152.9 M184 M149.1 M
Slightly volatile
Net Income Applicable To Common Shares132 M217.7 M154.3 M
Slightly volatile
Net Income From Continuing Ops150.8 M121.7 M137.9 M
Slightly volatile
Non Operating Income Net Other33.2 M47.3 M32.1 M
Slightly volatile
Non Recurring29 M32.7 M35.6 M
Slightly volatile
Interest Income3.8 MM33.8 M
Slightly volatile
Reconciled Depreciation256.2 M278.2 M212.1 M
Slightly volatile

Allete Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow69.7 M79.4 M75.6 M
Very volatile
Capital Expenditures277.4 M354.9 M352.4 M
Pretty Stable
Total Cash From Operating Activities263.1 M457.1 M309.7 M
Slightly volatile
Net Income126.7 M121.7 M139.8 M
Slightly volatile
End Period Cash Flow73.6 M55.2 M75.5 M
Pretty Stable
Dividends Paid100 M162.8 M108.5 M
Slightly volatile
Stock Based Compensation7.2 M6.6 M6.9 M
Very volatile
Depreciation193.7 M278.2 M183.2 M
Slightly volatile
Issuance Of Capital Stock12.3 M12.9 M35 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.572.44412.1681
Slightly volatile
Dividend Yield0.06050.04350.0448
Slightly volatile
PTB Ratio0.951.31281.3884
Pretty Stable
Days Sales Outstanding51.6535.335735.6945
Pretty Stable
Book Value Per Share30.9258.760843.1225
Slightly volatile
Operating Cash Flow Per Share7.297.9226.6849
Pretty Stable
Stock Based Compensation To Revenue0.00580.00430.0055
Slightly volatile
Capex To Depreciation1.211.27572.2996
Slightly volatile
PB Ratio0.951.31281.3884
Pretty Stable
EV To Sales1.873.59893.1446
Slightly volatile
ROIC0.0230.02420.0361
Slightly volatile
Inventory Turnover2.222.33768.0107
Slightly volatile
Net Income Per Share3.923.10753.2119
Slightly volatile
Days Of Inventory On Hand16415663.6018
Slightly volatile
Payables Turnover4.443.18137.4758
Pretty Stable
Capex To Revenue0.180.2320.2829
Pretty Stable
Cash Per Share0.540.56851.5151
Slightly volatile
POCF Ratio5.998.17978.9959
Slightly volatile
Interest Coverage3.281.95962.9558
Slightly volatile
Payout Ratio0.860.9080.7247
Slightly volatile
Capex To Operating Cash Flow0.90.77641.2228
Very volatile
Days Payables Outstanding12111560.0478
Pretty Stable
Income Quality3.943.7562.3507
Slightly volatile
ROE0.10.0630.0798
Slightly volatile
EV To Operating Cash Flow9.7412.044513.734
Slightly volatile
PE Ratio10.620.853118.0582
Slightly volatile
Return On Tangible Assets0.04140.02720.0316
Very volatile
Earnings Yield0.04560.0480.073
Slightly volatile
Net Debt To EBITDA2.583.63273.582
Pretty Stable
Current Ratio1.451.07671.0503
Slightly volatile
Tangible Book Value Per Share58.8756.069343.0075
Slightly volatile
Receivables Turnover7.1310.329510.696
Pretty Stable
Graham Number58.0858.745653.4219
Slightly volatile
Shareholders Equity Per Share29.549.358839.6874
Slightly volatile
Debt To Equity0.920.63180.7993
Slightly volatile
Capex Per Share5.346.15087.5135
Pretty Stable
Revenue Per Share35.1126.51327.3979
Slightly volatile
Interest Debt Per Share34.7932.601432.8301
Slightly volatile
Debt To Assets0.340.26640.3066
Slightly volatile
Enterprise Value Over EBITDA7.0211.321310.4928
Slightly volatile
Short Term Coverage Ratios4.594.82686.0755
Slightly volatile
Price Earnings Ratio10.620.853118.0582
Slightly volatile
Operating Cycle11219192.7906
Slightly volatile
Price Book Value Ratio0.951.31281.3884
Pretty Stable
Days Of Payables Outstanding12111560.0478
Pretty Stable
Dividend Payout Ratio0.860.9080.7247
Slightly volatile
Price To Operating Cash Flows Ratio5.998.17978.9959
Slightly volatile
Pretax Profit Margin0.130.12030.1197
Slightly volatile
Ebt Per Ebit0.641.14930.8431
Pretty Stable
Operating Profit Margin0.170.10470.1428
Slightly volatile
Company Equity Multiplier2.92.37162.6081
Slightly volatile
Long Term Debt To Capitalization0.460.37440.4225
Slightly volatile
Total Debt To Capitalization0.50.38720.4435
Slightly volatile
Return On Capital Employed0.0240.02520.0411
Slightly volatile
Debt Equity Ratio0.920.63180.7993
Slightly volatile
Ebit Per Revenue0.170.10470.1428
Slightly volatile
Quick Ratio1.190.69420.7586
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.00.88290.8008
Very volatile
Net Income Per E B T0.70.97450.9787
Slightly volatile
Cash Ratio0.07710.08110.2134
Slightly volatile
Operating Cash Flow Sales Ratio0.160.29880.2355
Very volatile
Days Of Inventory Outstanding16415663.6018
Slightly volatile
Days Of Sales Outstanding51.6535.335735.6945
Pretty Stable
Cash Flow Coverage Ratios0.180.2540.2134
Pretty Stable
Price To Book Ratio0.951.31281.3884
Pretty Stable
Fixed Asset Turnover0.280.29520.3526
Slightly volatile
Capital Expenditure Coverage Ratio1.311.2881.0712
Pretty Stable
Price Cash Flow Ratio5.998.17978.9959
Slightly volatile
Enterprise Value Multiple7.0211.321310.4928
Slightly volatile
Debt Ratio0.340.26640.3066
Slightly volatile
Cash Flow To Debt Ratio0.180.2540.2134
Pretty Stable
Price Sales Ratio2.572.44412.1681
Slightly volatile
Return On Assets0.03940.02650.0309
Very volatile
Asset Turnover0.40.22650.278
Slightly volatile
Net Profit Margin0.130.11720.1194
Very volatile
Gross Profit Margin0.630.76380.4067
Very volatile
Price Fair Value0.951.31281.3884
Pretty Stable
Return On Equity0.10.0630.0798
Slightly volatile

Allete Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap3.4 B3.2 B3.3 B
Slightly volatile
Enterprise Value894.5 M1.3 B1.4 B
Very volatile

Allete Fundamental Market Drivers

Forward Price Earnings18.3486
Cash And Short Term Investments32.8 M

Allete Upcoming Events

15th of February 2024
Upcoming Quarterly Report
View
1st of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
15th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Allete Financial Statements

Allete stakeholders use historical fundamental indicators, such as Allete's revenue or net income, to determine how well the company is positioned to perform in the future. Although Allete investors may analyze each financial statement separately, they are all interrelated. For example, changes in Allete's assets and liabilities are reflected in the revenues and expenses on Allete's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Allete Inc. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue8.5 M8.1 M
Total Revenue1.5 B1.1 B
Cost Of Revenue361.4 M568.8 M
Stock Based Compensation To Revenue 0.00  0.01 
Capex To Revenue 0.23  0.18 
Revenue Per Share 26.51  35.11 
Ebit Per Revenue 0.10  0.17 

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Allete Inc is a strong investment it is important to analyze Allete's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allete's future performance. For an informed investment choice regarding Allete Stock, refer to the following important reports:
Check out the analysis of Allete Correlation against competitors.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allete. If investors know Allete will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allete listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.02)
Dividend Share
2.845
Earnings Share
3.1
Revenue Per Share
26.513
Quarterly Revenue Growth
(0.09)
The market value of Allete Inc is measured differently than its book value, which is the value of Allete that is recorded on the company's balance sheet. Investors also form their own opinion of Allete's value that differs from its market value or its book value, called intrinsic value, which is Allete's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allete's market value can be influenced by many factors that don't directly affect Allete's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allete's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allete is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allete's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.