ALLETE Inc
NYSE:ALE

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ALLETE Inc
NYSE:ALE
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Price: 64.87 USD -0.2% Market Closed
Market Cap: 3.8B USD
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Gross Margin
ALLETE Inc

91.1%
Current
86%
Average
34.3%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
91.1%
=
Gross Profit
1.4B
/
Revenue
1.6B

Gross Margin Across Competitors

Country US
Market Cap 3.7B USD
Gross Margin
91%
Country US
Market Cap 159.3B USD
Gross Margin
0%
Country US
Market Cap 97.3B USD
Gross Margin
89%
Country ES
Market Cap 86.6B EUR
Gross Margin
46%
Country US
Market Cap 89.4B USD
Gross Margin
67%
Country US
Market Cap 82.1B USD
Gross Margin
46%
Country IT
Market Cap 68.2B EUR
Gross Margin
64%
Country US
Market Cap 56.1B USD
Gross Margin
86%
Country US
Market Cap 52.7B USD
Gross Margin
68%
Country FR
Market Cap 46.6B EUR
Gross Margin
36%
Country DK
Market Cap 46.2B EUR
Gross Margin
43%
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ALLETE Inc
Glance View

Market Cap
3.7B USD
Industry
Utilities

ALLETE, Inc. engages in the provision of electric and natural gas utility services. The company is headquartered in Duluth, Minnesota and currently employs 1,340 full-time employees. The Company’s segments include Regulated Operations and ALLETE Clean Energy. Regulated Operations includes regulated utilities, Minnesota Power and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. Minnesota Power provides regulated utility electric service in northeastern Minnesota to approximately 150,000 retail customers. ALLETE Clean Energy is focused on developing, acquiring, and operating clean and renewable energy projects. In addition, ALLETE Clean Energy segment has approximately 200 megawatts of wind energy facilities. ALLETE Clean Energy also engages in the development of wind energy facilities to operate under long-term power sales agreements (PSAs).

ALE Intrinsic Value
64.8 USD
Fairly Valued
Intrinsic Value
Price

See Also

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What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
91.1%
=
Gross Profit
1.4B
/
Revenue
1.6B
What is the Gross Margin of ALLETE Inc?

Based on ALLETE Inc's most recent financial statements, the company has Gross Margin of 91.1%.