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ALLETE's peak revenue was $1.9B in 2023. The peak quarterly revenue was $564.9M in 2023(q1).
ALLETE's revenue increased from $767.1m in 2006 to $1.5B currently. That's a 99.43% change in annual revenue.
| Fiscal year / year | ALLETE revenue |
|---|---|
| 2009 | $759.1M |
| 2010 | $907.0M |
| 2011 | $928.2M |
| 2012 | $961.2M |
| 2013 | $1.0B |
| 2014 | $1.1B |
| 2015 | $1.5B |
| 2016 | $1.3B |
| 2017 | $1.4B |
| 2018 | $1.5B |
| 2019 | $1.2B |
| 2020 | $1.2B |
| 2021 | $1.4B |
| 2022 | $1.6B |
| 2023 | $1.9B |
| 2024 | $1.5B |
How accurately did ALLETE's revenue projections match actual performance?
ALLETE saw the greatest revenue growth in 2015, when revenue increased by 30.75%.
ALLETE had the lowest revenue growth in 2019, when revenue changed by -17.22%.
| Year | ALLETE growth |
|---|---|
| 2009 | -5%↓ |
| 2010 | 19%↑ |
| 2011 | 2%↑ |
| 2012 | 4%↑ |
| 2013 | 6%↑ |
| 2014 | 12%↑ |
| 2015 | 31%↑ |
| 2016 | -10%↓ |
| 2017 | 6%↑ |
| 2018 | 6%↑ |
| 2019 | -17%↓ |
| 2020 | -6%↓ |
| 2021 | 21%↑ |
| 2022 | 11%↑ |
| 2023 | 20%↑ |
| 2024 | -19%↓ |
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2009 | $199.6M | $164.7M | $178.8M | $216.0M |
| 2010 | $233.6M | $211.2M | $224.1M | $238.1M |
| 2011 | $242.2M | $219.9M | $226.9M | $239.2M |
| 2012 | $240.0M | $216.4M | $248.8M | $256.0M |
| 2013 | $263.8M | $235.6M | $251.0M | $268.0M |
| 2014 | $296.5M | $260.7M | $288.9M | $290.7M |
| 2015 | $320.0M | $323.3M | $462.5M | $380.6M |
| 2016 | $333.8M | $314.8M | $349.6M | $341.5M |
| 2017 | $365.6M | $353.3M | $362.5M | $337.9M |
| 2018 | $358.2M | $344.1M | $348.0M | $448.3M |
| 2019 | $357.2M | $290.4M | $288.3M | $304.6M |
| 2020 | $311.6M | $243.2M | $293.9M | $320.4M |
| 2021 | $339.2M | $335.6M | $345.4M | $399.0M |
| 2022 | $383.5M | $373.1M | $388.3M | $425.8M |
| 2023 | $564.9M | $533.4M | $378.8M | $402.7M |
| 2024 | $403.3M | $354.5M | $407.2M | $364.8M |
Do you work at ALLETE?
Did ALLETE meet its revenue projections?
| CEO | Bethany M. Owen |
| Industry | Capital Goods |
| Company Type | Public |
| Employees Number | 1,365 |
| Date Founded | 1906 |
| Headquarters | Duluth, Minnesota |
| Number of Locations | 5 |
| Revenue | $1.5B |
| Net Income | $189,300,000 |
| Gross Proft | $858.4M (2024) |
| EBITDA | $537.2M (2024) |
| PE Ratio | 23.34 |
| Tax Rate | 0.0% |
| Market Capitalization | $4.2B |
| Total Assets | $6,845,600,000 |
| Ticker | ALE |
ALLETE received early financing of $9.0M on 2011-08-11.
| Series | Round size | Date |
|---|---|---|
| Equity | $9.0M | 08/2011 |
ALLETE's top competitor, Duke Energy, earned an annual revenue of $30.4B.
ALLETE's smallest competitor is Athens Group with revenue of $7.5M last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Exelon | $67,914 | $23.0B | 33,383 | 335 |
| Duke Energy | $51,447 | $30.4B | 27,535 | 192 |
| BNI COAL | $43,299 | $44.5M | 300 | - |
| CVR Energy | $88,942 | $3.9B | 1,450 | 34 |
| Athens Group | $48,975 | $7.5M | 20 | - |
| Burlington Resources Oil & Gas Co LP | $88,300 | $1.5B | 2,200 | - |
Zippia gives an in-depth look into the details of ALLETE, including salaries, political affiliations, employee data, and more, in order to inform job seekers about ALLETE. The employee data is based on information from people who have self-reported their past or current employments at ALLETE. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by ALLETE. The data presented on this page does not represent the view of ALLETE and its employees or that of Zippia.
ALLETE may also be known as or be related to ALLETE, ALLETE INC, ALLETE Inc, ALLETE Inc., ALLETE, Inc., Allete and Allete, Inc.