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ALLETE's revenue is $1.5 billion.

What is ALLETE's revenue?

ALLETE's annual revenue is $1.5B. Zippia's data science team found the following key financial metrics about ALLETE after extensive research and analysis.
  • ALLETE's revenue growth from 2006 to 2024 is 99.43%.
  • ALLETE has 1,365 employees, and the revenue per employee ratio is $1,120,732.
  • ALLETE's peak quarterly revenue was $564.9M in 2023(q1).
  • ALLETE peak revenue was $1.9B in 2023.
  • ALLETE annual revenue for 2023 was 1.9B, 19.68% growth from 2022.
  • ALLETE annual revenue for 2024 was 1.5B, -18.62% growth from 2023.

On this page

Most recent quarter revenue
$364.8M (Q4'2024)
Company most recent quarter revenue
Peak revenue
$1.9B (2023)
Company peak revenue
Revenue / employee
$1.1M
Company revenue / employee

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Most recent quarter revenue
$364.8M (Q4'2024)
Company most recent quarter revenue
Peak revenue
$1.9B (2023)
Company peak revenue
Revenue / employee
$1.1M
Company revenue / employee

ALLETE historical revenue

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.

ALLETE annual revenue

$2B
$2B
$1B
$752M
$376M
$0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024

ALLETE annual revenue over time

Fiscal year / yearALLETE 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?

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ALLETE annual growth

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%.

ALLETE annual growth rate over time

YearALLETE 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%

ALLETE quarterly revenue over time

  • Q1
  • Q2
  • Q3
  • Q4
$565M
$452M
$339M
$226M
$113M
$0
2020
2021
2022
2023
2024

ALLETE quarterly growth rate over time

YearQ1Q2Q3Q4
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

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ALLETE financial information

CEOBethany M. Owen
IndustryCapital Goods
Company TypePublic
Employees Number1,365
Date Founded1906
HeadquartersDuluth, Minnesota
Number of Locations5
Revenue$1.5B
Net Income$189,300,000
Gross Proft$858.4M (2024)
EBITDA$537.2M (2024)
PE Ratio23.34
Tax Rate0.0%
Market Capitalization$4.2B
Total Assets$6,845,600,000
TickerALE

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ALLETE financing

ALLETE received early financing of $9.0M on 2011-08-11.

SeriesRound sizeDate
Equity$9.0M08/2011

ALLETE competitors

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 nameAverage salaryRevenueEmployee sizeJob openings
Exelon$67,914$23.0B33,383335
Duke Energy$51,447$30.4B27,535192
BNI COAL$43,299$44.5M300-
CVR Energy$88,942$3.9B1,45034
Athens Group$48,975$7.5M20-
Burlington Resources Oil & Gas Co LP$88,300$1.5B2,200-

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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.