Allete Inc (ALE)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	247,100	247,300	195,100	181,200	189,300	199,500	193,400	183,700	169,200	145,600	158,700	150,900	165,400	176,800	167,300	181,400	185,600	197,000	196,500	193,600
Revenue (ttm)	US$ in thousands	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	1,240,500	1,384,200	1,443,900	1,497,600
Net profit margin		13.15%	13.00%	10.20%	10.34%	12.05%	12.92%	12.88%	12.55%	11.92%	10.86%	12.31%	12.61%	14.15%	15.33%	14.58%	15.18%	14.96%	14.23%	13.61%	12.93%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $247,100K ÷ $1,879,800K
= 13.15%

The net profit margin of Allete, Inc. over the past eight quarters has ranged from 10.20% to 13.15%. This metric measures the company's ability to generate profit from its revenue after accounting for all expenses.

The net profit margin saw a slight decrease in Q2 2023 compared to the previous quarter, but it rebounded in Q4 2023 to reach its highest level in the provided data set. This indicates an improvement in the company's profitability towards the end of the period analyzed.

Overall, Allete, Inc. has maintained relatively healthy net profit margins above 10% throughout the analyzed period, with some fluctuations observed. It is important for the company to continue monitoring and managing its expenses effectively in order to sustain and potentially improve its profitability in the future.