Allete Inc (ALE)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 184,000 | 275,000 | 158,100 | 142,300 | 122,000 |
| Revenue | US$ in thousands | 1,529,800 | 1,879,800 | 1,570,700 | 1,419,200 | 1,169,100 |
| Pretax margin | 12.03% | 14.63% | 10.07% | 10.03% | 10.44% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $184,000K ÷ $1,529,800K
= 12.03%
Based on the data provided, Allete Inc's pretax margin has shown some fluctuations over the years. The trend suggests stability, with the pretax margin ranging from 10.03% to 14.63% during the period from December 31, 2021, to December 31, 2024. The highest pretax margin of 14.63% was recorded on December 31, 2023, indicating a strong profitability before taxes during that year. However, there was a slight decrease in the pretax margin to 12.03% by the end of December 31, 2024. Overall, Allete Inc has maintained a healthy pretax margin above 10%, indicating efficient cost management and profitability in generating income before taxes.
Peer comparison
Dec 31, 2024