Allete Inc. | Mid-cap | Utilities
$63.95
0.49%
| Allete Stock Comparison:
Allete vs SempraAllete vs AESAllete vs Algonquin PowerAllete vs AvistaAllete vs UnitilAllete vs S&P 500 | Market
Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 1.5B
Gross Profit 497.0M 32.49%
Operating Income 160.1M 10.47%
Net Income 121.7M 7.96%
EPS (Diluted) $3.10

Balance Sheet Metrics

Total Assets 6.8B
Total Liabilities 3.4B
Shareholders Equity 3.4B
Debt to Equity 0.99

Cash Flow Metrics

Operating Cash Flow 397.7M
Free Cash Flow 102.2M

Revenue & Profitability Trend

Allete Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue 1.5B 1.9B 1.6B 1.4B 1.2B
Cost of Goods Sold 1.0B 1.4B 1.1B 965.7M 744.3M
Gross Profit 497.0M 489.9M 446.8M 453.5M 424.8M
Operating Expenses 0 0 0 0 0
Operating Income 160.1M 180.9M 134.2M 151.3M 150.9M
Pre-tax Income 126.4M 206.8M 100.1M 110.9M 122.1M
Income Tax 4.7M 27.9M -31.2M -26.9M -39.5M
Net Income 121.7M 178.9M 131.3M 137.8M 161.6M
EPS (Diluted) $3.10 $4.30 $3.38 $3.23 $3.35

Income Statement Trend

Allete Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets 435.2M 468.1M 718.0M 291.3M 254.9M
Non-Current Assets 6.3B 6.2B 6.1B 6.1B 5.8B
Total Assets 6.8B 6.7B 6.8B 6.4B 6.1B
Liabilities
Current Liabilities 404.2M 377.6M 716.2M 543.4M 459.6M
Non-Current Liabilities 3.0B 2.9B 2.8B 2.9B 2.8B
Total Liabilities 3.4B 3.2B 3.5B 3.5B 3.3B
Equity
Total Shareholders Equity 3.4B 3.4B 3.3B 2.9B 2.8B

Balance Sheet Composition

Allete Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income 121.7M 178.9M 131.3M 137.8M 161.6M
Operating Cash Flow 397.7M 615.4M 221.9M 200.7M 300.8M
Investing Activities
Capital Expenditures -354.9M -271.2M -220.5M -479.5M -717.8M
Investing Cash Flow -340.7M -283.6M -384.0M -485.2M -812.8M
Financing Activities
Dividends Paid -162.8M -155.5M -145.9M -131.9M -128.2M
Financing Cash Flow -790.0M -829.2M -721.8M -348.7M 669.5M
Free Cash Flow 102.2M 314.1M 800.0K -216.0M -418.0M

Cash Flow Trend

Allete Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 19.92
Forward P/E 15.92
Price to Book 1.28
Price to Sales 2.41
PEG Ratio 15.92

Profitability Ratios

Profit Margin 12.10%
Operating Margin 13.69%
Return on Equity 3.51%
Return on Assets 1.64%

Financial Health

Current Ratio 1.26
Debt to Equity 56.86
Beta 0.78

Per Share Data

EPS (TTM) $3.19
Book Value per Share $49.45
Revenue per Share $26.43

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
ale 3.7B 19.92 1.28 3.51% 12.10% 56.86
Sempra 49.6B 16.73 1.61 9.71% 22.22% 99.69
AES 7.4B 5.66 2.14 5.58% 10.67% 361.56
Algonquin Power 4.4B 20.43 0.97 2.42% -50.50% 123.18
Avista 3.1B 16.18 1.16 7.27% 9.66% 114.99
Unitil 842.7M 17.75 1.58 9.07% 9.73% 153.83

Financial data is updated regularly. All figures are in the company's reporting currency.