Allete Inc (ALE)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	1,374,700	1,412,600	1,398,000	1,423,600	1,398,100	1,421,200	1,422,300	1,406,100	1,418,600	1,391,800	1,375,000	1,360,500	1,316,800	1,238,200	1,188,800	1,099,400	1,077,000	1,061,200	1,057,100	1,105,400
Revenue (ttm)	US$ in thousands	1,529,800	1,567,700	1,539,300	1,718,200	1,879,800	1,902,900	1,912,400	1,752,100	1,570,700	1,543,900	1,501,000	1,463,500	1,419,200	1,340,600	1,289,100	1,196,700	1,169,100	1,153,300	1,147,700	1,194,900
Gross profit margin		89.86%	90.11%	90.82%	82.85%	74.37%	74.69%	74.37%	80.25%	90.32%	90.15%	91.61%	92.96%	92.78%	92.36%	92.22%	91.87%	92.12%	92.01%	92.11%	92.51%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,374,700K ÷ $1,529,800K
= 89.86%

The gross profit margin of Allete Inc has shown a generally stable trend over the period from March 31, 2020, to December 31, 2024. The margin experienced a slight decline from 92.51% in March 2020 to 90.15% in September 2022 before recovering to 90.32% by the end of 2022.

However, there was a significant drop in the gross profit margin to 80.25% in March 2023, followed by a further decrease to 74.37% in June 2023. The margin remained relatively stable at around 74% until December 2023.

Subsequently, there was a notable recovery in the gross profit margin, increasing to 82.85% in March 2024 and reaching a peak of 92.78% by December 2021.

Overall, the gross profit margin of Allete Inc exhibits variability over the period under review, with fluctuations reflecting changes in the company's revenue and cost structures. It is essential for stakeholders to monitor these trends to assess the company's operational efficiency and profitability.