Allete Inc (ALE)

Operating 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
Operating income (ttm)	US$ in thousands	180,900	171,500	168,900	129,100	134,200	150,500	148,200	162,700	151,300	125,000	135,500	120,000	138,200	164,300	159,700	183,200	179,800	194,000	200,300	200,600
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
Operating profit margin		9.62%	9.01%	8.83%	7.37%	8.54%	9.75%	9.87%	11.12%	10.66%	9.32%	10.51%	10.03%	11.82%	14.25%	13.91%	15.33%	14.49%	14.02%	13.87%	13.39%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $180,900K ÷ $1,879,800K
= 9.62%

The operating profit margin of Allete, Inc. has shown fluctuations over the past eight quarters. In Q1 2022, the operating profit margin was at its highest point at 11.12%, then experienced a downward trend until Q4 2022 before starting to increase again. In the most recent quarter, Q4 2023, the operating profit margin was recorded at 9.62%, which is slightly above the average of the previous quarters. Despite some variability, the operating profit margin has generally remained in the single-digit range, indicating that the company has been able to generate profits from its core operations, although there may be room for improvement in efficiency and cost management.