ALLETE Inc
NYSE:ALE
ROE
Return on Equity
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
ROE Across Competitors
ROE Comparison
ALLETE Inc Competitors
| Country | US |
| Market Cap | 3.5B USD |
| ROE |
9%
|
| Country | US |
| Market Cap | 136.5B USD |
| ROE |
17%
|
| Country | US |
| Market Cap | 80.7B USD |
| ROE |
13%
|
| Country | ES |
| Market Cap | 72.5B EUR |
| ROE |
11%
|
| Country | US |
| Market Cap | 76.1B USD |
| ROE |
6%
|
| Country | IT |
| Market Cap | 61.8B EUR |
| ROE |
11%
|
| Country | US |
| Market Cap | 59B USD |
| ROE |
15%
|
| Country | FR |
| Market Cap | 46.6B EUR |
| ROE |
-44%
|
| Country | DK |
| Market Cap | 46.5B EUR |
| ROE |
-25%
|
| Country | US |
| Market Cap | 45.4B USD |
| ROE |
9%
|
| Country | US |
| Market Cap | 44.4B USD |
| ROE |
9%
|
Profitability Report
View the profitability report to see the full profitability analysis for ALLETE Inc.
See Also
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
Based on ALLETE Inc's most recent financial statements, the company has ROE of 9%.
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