Allete Net Income from 2010 to 2025

ALE Stock  USD 65.42  0.26  0.40%   
Allete's Net Income is increasing over the years with slightly volatile fluctuation. Net Income is expected to dwindle to about 121.1 M. During the period from 2010 to 2025 Allete Net Income annual values regression line had geometric mean of  139,641,453 and mean square error of 1136.6 T. View All Fundamentals
 
Net Income  
First Reported
1989-06-30
Previous Quarter
45 M
Current Value
50.6 M
Quarterly Volatility
17 M
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
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.

Latest Allete's Net Income Growth Pattern

Below is the plot of the Net Income of Allete Inc over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Allete Inc financial statement analysis. It represents the amount of money remaining after all of Allete Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Allete's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Allete's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 121.7 M10 Years Trend
Slightly volatile
   Net Income   
       Timeline  

Allete Net Income Regression Statistics

Arithmetic Mean146,266,453
Geometric Mean139,641,453
Coefficient Of Variation30.47
Mean Deviation35,858,547
Median155,300,000
Standard Deviation44,567,421
Sample Variance1986.3T
Range177.7M
R-Value0.68
Mean Square Error1136.6T
R-Squared0.47
Significance0
Slope6,389,631
Total Sum of Squares29793.8T

Allete Net Income History

2025121.1 M
2024179.3 M
2023247.1 M
2022131.3 M
2021169.2 M
2020174.2 M
2019185.6 M

Other Fundumenentals of Allete Inc

Allete Net Income component correlations

About Allete Financial Statements

Allete stakeholders use historical fundamental indicators, such as Allete's 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
Net Income121.7 M126.7 M
Net Income Applicable To Common Shares217.7 M132 M
Net Income From Continuing Ops121.7 M150.8 M
Net Income Per Share 3.11  3.92 
Net Income Per E B T 0.97  0.70 

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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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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.