Allete Inc (ALE)

Net 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
Net income (ttm)	US$ in thousands	179,300	180,200	221,100	239,600	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
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
Net profit margin		11.72%	11.49%	14.36%	13.94%	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%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $179,300K ÷ $1,529,800K
= 11.72%

Net profit margin is a key financial ratio that indicates the profitability of a company. It is calculated by dividing the net profit by total revenue and is expressed as a percentage.

Looking at the net profit margin of Allete Inc over the past few years, we observe some fluctuations in the ratio. In March 2020, the net profit margin was at 15.18%, showing a healthy level of profitability. However, there was a slight decline in the margin in the following quarters, with the lowest point seen in September 2021 at 10.86%.

Subsequently, there was a gradual improvement in the net profit margin, reaching 14.36% by June 2024. This upward trend indicates that the company's profitability strengthened over this period. However, there were slight decreases in the last two quarters of 2024.

Overall, the net profit margin of Allete Inc has shown variability but generally maintained at a reasonable level, reflecting the company's ability to generate profits relative to its revenue. Further analysis of the company's operating expenses and revenue generation may provide insights into the factors influencing these fluctuations in the net profit margin.