Allete Inc (ALE)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 184,000 | 196,000 | 253,300 | 270,000 | 275,000 | 255,900 | 177,200 | 155,400 | 158,100 | 172,500 | 168,700 | 163,300 | 142,300 | 110,700 | 123,200 | 110,900 | 122,000 | 146,700 | 140,300 | 158,100 |
| 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 |
| Pretax margin | 12.03% | 12.50% | 16.46% | 15.71% | 14.63% | 13.45% | 9.27% | 8.87% | 10.07% | 11.17% | 11.24% | 11.16% | 10.03% | 8.26% | 9.56% | 9.27% | 10.44% | 12.72% | 12.22% | 13.23% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $184,000K ÷ $1,529,800K
= 12.03%
The pretax margin of Allete Inc has exhibited some fluctuations over the past few years. The pretax margin measures the company's efficiency in generating profits before accounting for taxes relative to its total revenue.
From March 31, 2020, to December 31, 2020, the pretax margin hovered around the range of 10% to 13%, with a slight decline by the end of 2020. The subsequent quarters of 2021 saw a further decrease in the pretax margin, dropping to around 8% to 9.5%.
Interestingly, from September 30, 2021, to December 31, 2021, there was a noticeable increase in the pretax margin, jumping back up to 10%. The trend continued through the first half of 2022, with the pretax margin hovering around 11%.
In the latter part of 2022 and early 2023, there was a dip in the pretax margin, falling to around 8.5% to 9.5%. However, in the later quarters of 2023 and continuing into 2024, there was a significant improvement in the pretax margin, reaching as high as 16.46% by June 30, 2024.
Overall, the pretax margin of Allete Inc has shown variability over the analyzed period, with fluctuations ranging from 8% to 16.46%. It is essential for investors and analysts to monitor the pretax margin closely to assess the company's profitability and efficiency in managing costs and generating earnings before taxes.
Peer comparison
Dec 31, 2024