Companies: 10,795·Total market cap: $144.5T
ALLETE, Inc.

ALLETE, Inc.

ALENYSEUtilities
$67.90
$-0.04(-0.06%)
Market Cap$3.9B
P/E Ratio—
52W High$67.99
52W Low$62.38
Net IncomeFinancialsRevenue

ALLETE, Inc. (ALE) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

ALE · net income · updated Jun 8, 2026

Core profitability metrics

Net income was $179.3M for FY2024 (fiscal year ending 2024-12-31), down 27.4% year-over-year. Net profit margin was 11.7%. Based on available data, ALLETE, Inc. has been profitable since at least 2010.

FY2024 Net Income$179.3M▼ -27.4% YoY
Trailing 12M (TTM)$165.7Mtrailing 4 quarters sum
Net Profit Margin11.7%$179.3M ÷ $1.53B
YoY Change-27.4%—
5-Year CAGR-0.7%FY2020 → FY2024
FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net IncomeNet LossNet Margin %★ First Profit: 2010

▸ FMP /income-statement · Annual · ALE net income history · ALE profit margin

Annual net income data

Fiscal YearNet IncomeYoY ChangeNet Margin
FY2024$179.3M▼ 27.4%11.7%
FY2023$247.1M▲ +30.5%13.2%
FY2022$189.3M▲ +11.9%12.1%
FY2021$169.2M▼ 2.9%11.9%
FY2020$174.2M▼ 6.1%14.9%

Net income vs peers (Utilities)

#CompanyNet IncomeYoY
#1
ALLETE, Inc.
ALLETE, Inc.YOU
ALE
$179.3M-27.4%
#2
NextEra Energy, Inc.
NextEra Energy, Inc.
NEE
$6.83B-1.6%#3
Duke Energy Corporation
Duke Energy Corporation
DUK
$4.97B+10.2%#4
GE Vernova Inc.
GE Vernova Inc.
GEV
$4.88B+214.7%#5
The Southern Company
The Southern Company
SO
$4.34B-1.4%#6
Constellation Energy Corporation
Constellation Energy Corporation
CEG
$2.32B-38.1%
Utilities · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

ALLETE, Inc. (ALE) reported net income of $179.3M for FY2024 (fiscal year ending 2024-12-31), down 27.4% year-over-year. The net profit margin was 11.7% — meaning the company kept $0.12 of every dollar of revenue as profit.

Based on available data, ALLETE, Inc. has been profitable since at least 2010. Net income reached a peak of $247.1M in FY2023. Data available for 15 fiscal years.

ALLETE, Inc.'s net profit margin was 11.7% for FY2024, based on the latest annual results.

Investors sometimes search for "ALLETE, Inc. net worth" — the company's market capitalization is a separate figure from ALE net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.
RevenueFinancial statementsEarningsForecastPrice historyMarket capFree cash flow

Frequently asked questions

ALE net income · 5 questions

ALLETE, Inc. is profitable. The company reported net income of $179.3M for FY2024, a net profit margin of 11.7%. Net income was down 27.4% year-over-year. Based on available data, ALLETE, Inc. has been profitable since at least 2010.

is ALE profitabledoes ALE make a profitALE profitabilityALE profitable company

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