ALLETE INC
ALEUtilities · Electric & Other Services Combined · MN · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|---|
| Revenue | $403.3M | $564.9M | $383.5M | $339.2M | $311.6M | $357.2M |
| Operating income | $47.3M | $48.3M | $53.4M | $42.0M | $60.2M | $56.8M |
| Net income | $50.7M | $58.2M | $66.3M | $51.8M | $66.3M | $70.5M |
| Total assets | $6.75B | $6.66B | $6.85B | $6.42B | $6.08B | $5.48B |
| Total liabilities | $3.36B | $3.25B | $3.50B | $3.48B | $3.28B | $3.15B |
| Equity | $2.85B | $2.81B | $2.69B | $2.40B | $2.29B | $2.23B |
| EPS (diluted) | $0.88 | $1.02 | $1.24 | $0.99 | $1.28 | $1.37 |
| Shares out. | 57.6M | 57.3M | 53.2M | 52.1M | 51.7M | 51.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- 11.7%
- Net margin
- 12.6%
- Return on equity
- 1.8%
- Return on assets
- 0.8%
- Return on capital (ROCE)
- 0.7%
- Liabilities / assets
- 49.8%
- Debt / equity
- 1.18×
- Book value / share
- $49.46
- Revenue growth (YoY)
- −28.6%
- Net income growth (YoY)
- −12.9%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2024- Altman Z″ (distress)
- 1.47grey zone
- Accruals / assets
- −6.0%clean
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 warning● 4 good- Revenue declined year-over-year
- Altman Z″ in the grey zone
- Operating margin is positive
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| Dec 15, 2025 | 18,268 | 1.0 | -97.6% |
| Nov 28, 2025 | 767,793 | 1.1 | -8.5% |
| Nov 14, 2025 | 839,062 | 1.4 | +8.2% |
| Oct 31, 2025 | 775,836 | 1.6 | -11.4% |
| Oct 15, 2025 | 876,033 | 1.0 | +14.9% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Regulation FD disclosure · Other material eventDec 15, 2025
- Regulation FD disclosure · Other material eventDec 11, 2025
- Other material eventOct 6, 2025
- Regulation FD disclosure · Other material eventOct 3, 2025
- New financial obligationJul 14, 2025
- Shareholder voteMay 15, 2025
- Director / officer changeApr 16, 2025
- Director / officer changeMar 11, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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