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ALLETE Valuation Multiples

Discover revenue and EBITDA valuation multiples for ALLETE and similar public comparables like AGL Energy, Chrysos Corp., and APA Group.

ALLETE Overview

About ALLETE

ALLETE Inc provides competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company's regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects.


Founded

1906

HQ

United States of America
Employees

1.6K+

Website

allete.com

Financials

LTM Revenue $1.5B

LTM EBITDA $449M

EV

$5.6B

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ALLETE Financials

ALLETE has a last 12-month revenue (LTM) of $1.5B and a last 12-month EBITDA of $449M.

In the most recent fiscal year, ALLETE achieved revenue of $1.5B and an EBITDA of $486M.

ALLETE expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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ALLETE P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $1.5B XXX $1.5B XXX XXX XXX
Gross Profit $1.5B XXX $497M XXX XXX XXX
Gross Margin 100% XXX 32% XXX XXX XXX
EBITDA $449M XXX $486M XXX XXX XXX
EBITDA Margin 29% XXX 32% XXX XXX XXX
EBIT $171M XXX $160M XXX XXX XXX
EBIT Margin 11% XXX 10% XXX XXX XXX
Net Profit $199M XXX $179M XXX XXX XXX
Net Margin 13% XXX 12% XXX XXX XXX
Net Debt XXX XXX $1.8B XXX XXX XXX

Financial data powered by Morningstar, Inc.

ALLETE Stock Performance

As of May 30, 2025, ALLETE's stock price is $65.

ALLETE has current market cap of $3.8B, and EV of $5.6B.

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ALLETE Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$5.6B $3.8B XXX XXX XXX XXX $3.68

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ALLETE Valuation Multiples

As of May 30, 2025, ALLETE has market cap of $3.8B and EV of $5.6B.

ALLETE's trades at 3.7x EV/Revenue multiple, and 11.5x EV/EBITDA.

Equity research analysts estimate ALLETE's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

ALLETE has a P/E ratio of 18.9x.

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ALLETE Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $3.8B XXX $3.8B XXX XXX XXX
EV (current) $5.6B XXX $5.6B XXX XXX XXX
EV/Revenue 3.6x XXX 3.7x XXX XXX XXX
EV/EBITDA 12.5x XXX 11.5x XXX XXX XXX
EV/EBIT 32.7x XXX 35.0x XXX XXX XXX
EV/Gross Profit 3.6x XXX n/a XXX XXX XXX
P/E 18.9x XXX 21.0x XXX XXX XXX
EV/FCF n/a XXX 54.8x XXX XXX XXX

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ALLETE Margins & Growth Rates

ALLETE's last 12 month revenue growth is 3%

ALLETE's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.2M for the same period.

ALLETE's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

ALLETE's rule of X is 37% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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ALLETE Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 3% XXX 3% XXX XXX XXX
EBITDA Margin 29% XXX 32% XXX XXX XXX
EBITDA Growth 12% XXX -7% XXX XXX XXX
Rule of 40 32% XXX 35% XXX XXX XXX
Bessemer Rule of X XXX XXX 37% XXX XXX XXX
Revenue per Employee XXX XXX $0.9M XXX XXX XXX
Opex per Employee XXX XXX $0.2M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 22% XXX XXX XXX

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ALLETE Public Comps

See public comps and valuation multiples for Utilities and Energy Exploration & Generation comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
TAQA XXX XXX XXX XXX XXX XXX
New Sources Energy XXX XXX XXX XXX XXX XXX
AGL Energy XXX XXX XXX XXX XXX XXX
APA Group XXX XXX XXX XXX XXX XXX
Chrysos Corp. XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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ALLETE M&A and Investment Activity

ALLETE acquired  XXX companies to date.

Last acquisition by ALLETE was  XXXXXXXX, XXXXX XXXXX XXXXXX . ALLETE acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by ALLETE

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About ALLETE

When was ALLETE founded? ALLETE was founded in 1906.
Where is ALLETE headquartered? ALLETE is headquartered in United States of America.
How many employees does ALLETE have? As of today, ALLETE has 1.6K+ employees.
Who is the CEO of ALLETE? ALLETE's CEO is Ms. Bethany M. Owen.
Is ALLETE publicy listed? Yes, ALLETE is a public company listed on NYS.
What is the stock symbol of ALLETE? ALLETE trades under ALE ticker.
When did ALLETE go public? ALLETE went public in 1998.
Who are competitors of ALLETE? Similar companies to ALLETE include e.g. TAQA, New Sources Energy, AGL Energy, APA Group.
What is the current market cap of ALLETE? ALLETE's current market cap is $3.8B
What is the current revenue of ALLETE? ALLETE's last 12 months revenue is $1.5B.
What is the current revenue growth of ALLETE? ALLETE revenue growth (NTM/LTM) is 3%.
What is the current EV/Revenue multiple of ALLETE? Current revenue multiple of ALLETE is 3.6x.
Is ALLETE profitable? Yes, ALLETE is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of ALLETE? ALLETE's last 12 months EBITDA is $449M.
What is ALLETE's EBITDA margin? ALLETE's last 12 months EBITDA margin is 29%.
What is the current EV/EBITDA multiple of ALLETE? Current EBITDA multiple of ALLETE is 12.5x.

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