ALE vs. NJR

Last updated Apr 1, 2026

Compare and contrast key facts about ALLETE, Inc. (ALE) and New Jersey Resources Corporation (NJR).

Performance

ALE vs. NJR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALLETE, Inc. (ALE) and New Jersey Resources Corporation (NJR). The values are adjusted to include any dividend payments, if applicable.

ALE vs. NJR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALE ALLETE, Inc.	0.00%	8.35%	10.89%	-0.65%	1.49%	11.19%	-20.47%	9.62%	5.60%	19.38%
NJR New Jersey Resources Corporation	20.13%	2.91%	8.72%	-6.94%	24.93%	19.60%	-16.86%	0.13%	16.57%	16.18%

Fundamentals

Market Cap ALE : $3.95B NJR : $5.56B
EPS ALE : $2.85 NJR : $3.24
PE Ratio ALE : 23.83 NJR : 16.95
PEG Ratio ALE : 198.23 NJR : 0.45
PS Ratio ALE : 2.63 NJR : 2.58
Total Revenue (TTM) ALE : $1.50B NJR : $2.15B
Gross Profit (TTM) ALE : $416.20M NJR : $817.44M
EBITDA (TTM) ALE : $474.50M NJR : $737.51M

Returns By Period

Over the past 10 years, ALE has underperformed NJR with an annualized return of 5.71%, while NJR has yielded a comparatively higher 7.63% annualized return.

ALE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 2.26%
• 1Y: 5.68%
• 3Y*: 5.76%
• 5Y*: 4.17%
• 10Y*: 5.71%

NJR

• 1D: -0.94%
• 1M: 2.15%
• YTD: 20.13%
• 6M: 16.27%
• 1Y: 16.45%
• 3Y*: 5.00%
• 5Y*: 10.55%
• 10Y*: 7.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ALE vs. NJR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALE

ALE Risk / Return Rank: 77
ALE Sharpe Ratio Rank: 76
ALE Sortino Ratio Rank: 79
ALE Omega Ratio Rank: 80
ALE Calmar Ratio Rank: 70
ALE Martin Ratio Rank: 81

NJR

NJR Risk / Return Rank: 68
NJR Sharpe Ratio Rank: 73
NJR Sortino Ratio Rank: 66
NJR Omega Ratio Rank: 63
NJR Calmar Ratio Rank: 71
NJR Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALE vs. NJR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALLETE, Inc. (ALE) and New Jersey Resources Corporation (NJR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ALE	NJR	Difference
Sharpe ratio Return per unit of total volatility	1.05	0.96	+0.09
Sortino ratio Return per unit of downside risk	2.02	1.39	+0.62
Omega ratio Gain probability vs. loss probability	1.28	1.17	+0.11
Calmar ratio Return relative to maximum drawdown	1.41	1.48	-0.07
Martin ratio Return relative to average drawdown	6.08	2.85	+3.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALE vs. NJR - Sharpe Ratio Comparison

The current ALE Sharpe Ratio is 1.05, which is comparable to the NJR Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of ALE and NJR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ALE	NJR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	0.96	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.51	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.27	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.53	-0.13

Correlation

The correlation between ALE and NJR is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ALE vs. NJR - Dividend Comparison

ALE's dividend yield for the trailing twelve months is around 2.15%, less than NJR's 3.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALE ALLETE, Inc.	2.15%	3.23%	4.35%	4.43%	4.03%	3.80%	3.99%	2.90%	2.94%	2.88%	3.24%	3.97%
NJR New Jersey Resources Corporation	3.41%	4.01%	3.73%	3.63%	3.03%	3.39%	3.63%	2.71%	2.47%	2.62%	2.79%	2.82%

Drawdowns

ALE vs. NJR - Drawdown Comparison

The maximum ALE drawdown since its inception was -48.82%, roughly equal to the maximum NJR drawdown of -50.72%. Use the drawdown chart below to compare losses from any high point for ALE and NJR.

Drawdown Indicators

	ALE	NJR	Difference
Max Drawdown Largest peak-to-trough decline	-48.82%	-50.72%	+1.90%
Max Drawdown (1Y) Largest decline over 1 year	-4.96%	-10.65%	+5.69%
Max Drawdown (5Y) Largest decline over 5 years	-30.13%	-27.79%	-2.34%
Max Drawdown (10Y) Largest decline over 10 years	-42.22%	-50.72%	+8.50%
Current Drawdown Current decline from peak	-0.66%	-0.94%	+0.28%
Average Drawdown Average peak-to-trough decline	-12.11%	-7.57%	-4.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	5.52%	-4.37%

Volatility

ALE vs. NJR - Volatility Comparison

The current volatility for ALLETE, Inc. (ALE) is 0.00%, while New Jersey Resources Corporation (NJR) has a volatility of 5.07%. This indicates that ALE experiences smaller price fluctuations and is considered to be less risky than NJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALE	NJR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	5.07%	-5.07%
Volatility (6M) Calculated over the trailing 6-month period	4.37%	12.64%	-8.27%
Volatility (1Y) Calculated over the trailing 1-year period	6.47%	17.26%	-10.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.87%	20.90%	-2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.01%	28.08%	-4.07%

Financials

ALE vs. NJR - Profitability Comparison

The chart below illustrates the profitability comparison between ALLETE, Inc. and New Jersey Resources Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ALE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, ALLETE, Inc. reported a gross profit of 46.20M and revenue of 375.00M. Therefore, the gross margin over that period was 12.3%.

NJR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, New Jersey Resources Corporation reported a gross profit of 518.17M and revenue of 604.85M. Therefore, the gross margin over that period was 85.7%.

ALE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, ALLETE, Inc. reported an operating income of 29.60M and revenue of 375.00M, resulting in an operating margin of 7.9%.

NJR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, New Jersey Resources Corporation reported an operating income of 179.21M and revenue of 604.85M, resulting in an operating margin of 29.6%.

ALE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, ALLETE, Inc. reported a net income of 27.10M and revenue of 375.00M, resulting in a net margin of 7.2%.

NJR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, New Jersey Resources Corporation reported a net income of 122.49M and revenue of 604.85M, resulting in a net margin of 20.3%.