ALLETE, Inc.

ALENYSEUtilities

$67.90

$-0.04(-0.06%)

Market Cap$3.9B

P/E Ratio—

52W High$67.99

52W Low$62.38

Avg Volume822K

Open$67.95

Beta0.82

Free Cash Flow Financials Revenue

ALLETE, Inc. (ALE) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ALE · free cash flow · updated Jun 8, 2026

Core FCF metrics

ALE · FCF · TTM · margin & CAGR

Free cash flow was $102.2M for FY2024 (fiscal year ending 2024-12-31), down 67.5% year-over-year The FCF margin was 6.7%.

FY2024 Free Cash Flow$102.2M▼ -67.5% YoY

Trailing 12M (TTM)−$322.1MTrailing 4Q sum · TTM negative vs latest FY positive

FCF Margin6.7%$102.2M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ALE · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2024Latest$457.1M(355M)$102.2M▼ 67.5%6.7%

FY2023$585.3M(271M)$314.1M▲ +39162.5%16.7%

FY2022$221.3M(221M)$800,000▲ +100.4%0.1%

FY2021$263.5M(473M)−$209.8M▲ +49.8%-14.8%

FY2020$299.8M(718M)−$418.0M▼ 20.3%-35.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ALE · P/FCF · FCF yield · FCF per share

ALLETE, Inc. (ALE) valuation ratios are currently unavailable — market cap, share count, or TTM data could not be retrieved from our data provider.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

Valuation ratios are unavailable — market cap, share count, or TTM data could not be retrieved. Individual metrics are shown where available.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2024 · 2024-12-31

Cash flow statement summary

ALE · cash flow statement · operating / investing / financing

For FY2024, ALLETE, Inc. generated $457.1M in operating cash flow and spent 355M in capital expenditures, yielding $102.2M in free cash flow.

Operating Activities

+$457.1M

Cash from core business operations

2024-12-31

Investing Activities

−$340.7M

CapEx, acquisitions & investments

2024-12-31

Financing Activities

−$140.6M

Buybacks, dividends & debt

2024-12-31

FCF FormulaOperating CF ($457.1M) − |CapEx| (355M) = FCF ($102.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

ALE vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

ALLETE, Inc.YOU

ALE

$102.2M-67.5%6.7%

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

ALLETE, Inc. (ALE) reported free cash flow of $102.2M for FY2024 (fiscal year ending 2024-12-31), down 67.5% year-over-year. The FCF margin was 6.7%.

Based on available data, ALLETE, Inc. has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $314.1M in FY2023.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ALE free cash flow · 8 questions

ALLETE, Inc. free cash flow was $102.2M for FY2024, down 67.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$322.1M.

ALE free cash flowALE FCFALE FCF 2024ALE free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · ALLETE, Inc. · ALLETE, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026