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MGE Energy, Inc.(MGEE)Earnings, Financials & Key Ratios
MGEE•NASDAQ•Utilities
$80.80
$2.97B mkt cap·21.7× P/E·Price updated May 6, 2026
AboutMGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services. It also generates electricity from coal-fired, gas-fired, and renewable energy sources, as well as purchases power under short and long-term commitments. As of December 31, 2021, the company generated and distributed electricity to 159,000 customers in Dane County, Wisconsin; and purchased and distributed natural gas to 169,000 customers in seven Wisconsin counties. MGE Energy, Inc.is headquartered in Madison, Wisconsin.Show more
- Revenue$744M+9.9%
- EBITDA$285M+11.8%
- Net Income$136M+12.7%
- Free Cash Flow-$80M-295.8%
- EBITDA Margin38.32%+1.8%
- Net Margin18.27%+2.6%
- ROE10.72%+5.4%
- Interest Coverage5.63+13.1%
- Debt/Equity0.72+12.1%
- Net Debt/EBITDA3.26+8.4%
- CapEx / Revenue46.15%+31.9%
- CapEx Coverage0.77-34.6%
MGEE Key Insights
MGE Energy, Inc. (MGEE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Dividend Aristocrat: 30 years of consecutive increases
- ✓30 years of consecutive dividend growth
- ✓Strong interest coverage of 5.6x
- ✓Healthy dividend yield of 2.3%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MGEE Price & Volume
MGE Energy, Inc. (MGEE) stock price & volume — 10-year historical chart
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MGEE Growth Metrics
MGE Energy, Inc. (MGEE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.8%
5 Years6.66%
3 Years1.34%
TTM8.91%
Profit CAGR
10 Years6.66%
5 Years8.02%
3 Years6.99%
TTM11.24%
EPS CAGR
10 Years6.09%
5 Years7.43%
3 Years6.61%
TTM10.17%
Return on Capital
10 Years6.21%
5 Years5.86%
3 Years5.94%
Last Year6.14%
MGEE Recent Earnings
MGE Energy, Inc. (MGEE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 4/12 qtrs (80%)
Q2 2026Latest
May 5, 2026EPS
$1.32
Est $1.13
+16.8%
Revenue
$243M
Est $227M
+6.9%
Q1 2026
Feb 25, 2026EPS
$0.64
Est $0.64
+0.0%
Revenue
$190M
Est $180M
+5.4%
Q1 2026
Feb 24, 2026EPS
$0.64
Est $0.64
+0.0%
Revenue
$190M
Est $180M
+5.4%
Q4 2025
Nov 5, 2025EPS
$1.22
Est $1.19
+2.5%
Revenue
$176M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $1.32vs $1.13+16.8% | $243Mvs $227M+6.9% |
| Q1 2026 | Feb 25, 2026 | $0.64vs $0.64+0.0% | $190Mvs $180M+5.4% |
| Q1 2026 | Feb 24, 2026 | $0.64vs $0.64+0.0% | $190Mvs $180M+5.4% |
| Q4 2025 | Nov 5, 2025 | $1.22vs $1.19+2.5% | $176M |
Based on last 12 quarters of dataView full earnings history →
MGEE Peer Comparison
MGE Energy, Inc. (MGEE) competitors in Regulated electric and gas utilities — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 OTTR | 3.73B | 88.89 | 13.57 | -1.99% | 21.34% | 15.21% | 0.59 | |
 AVA | 3.35B | 40.58 | 17.05 | 1.34% | 9.83% | 7.25% | 1.25 | |
 NWE | 4.37B | 71.08 | 24.18 | 6.38% | 10.21% | 5.8% | 1.14 | |
 LAUR | 4.64B | 32.52 | 17.21 | 8.64% | 16.08% | 25.36% | 0.71 | |
 CWCO | 527.15M | 33.06 | -1.41% | 13.88% | 0% | 0.00 | ||
 WEC | 37.11B | 113.94 | 23.59 | 13.96% | 16.25% | 11.64% | 1.59 | |
 EVRG | 18.65B | 80.99 | 22.13 | 2.37% | 14.63% | 8.22% | 0.07 | |
 ITRI | 3.68B | 82.97 | 12.75 | -3.02% | 12.32% | 17.22% | 0.74 |
Compare MGEE vs Peers
MGE Energy, Inc. (MGEE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MGEE Income Statement
MGE Energy, Inc. (MGEE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 563.1M | 559.77M | 568.86M | 538.63M | 606.58M | 714.52M | 690.43M | 676.94M | 743.65M | 767.39M |
| Revenue Growth % | 3.37% | -0.59% | 1.62% | -5.31% | 12.62% | 17.79% | -3.37% | -1.95% | 9.85% | 8.91% |
| Cost of Revenue | 361.99M | 369.74M | 366.52M | 334.69M | 393.03M | 470.6M | 421.39M | 398.12M | 20M | 22.47M |
| Gross Profit | 201.11M▲ 0% | 190.03M▼ 5.5% | 202.33M▲ 6.5% | 203.94M▲ 0.8% | 213.55M▲ 4.7% | 243.92M▲ 14.2% | 269.04M▲ 10.3% | 278.83M▲ 3.6% | 723.65M▲ 159.5% | 744.92M▲ 0% |
| Gross Margin % | 35.71% | 33.95% | 35.57% | 37.86% | 35.21% | 34.14% | 38.97% | 41.19% | 97.31% | 97.07% |
| Gross Profit Growth % | 4.24% | -5.51% | 6.47% | 0.8% | 4.71% | 14.22% | 10.3% | 3.64% | 159.53% | - |
| Operating Expenses | 72.37M | 75.82M | 91.42M | 93.94M | 96.26M | 106.18M | 122.66M | 132.57M | 553M | 576.44M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 181.81M | 170.62M | 182.47M | 184.19M | 194.28M | 223.29M | 246.74M | 254.84M | 284.98M | 285.68M |
| EBITDA Margin % | 32.29% | 30.48% | 32.08% | 34.19% | 32.03% | 31.25% | 35.74% | 37.65% | 38.32% | 37.23% |
| EBITDA Growth % | 5.17% | -6.16% | 6.95% | 0.94% | 5.48% | 14.93% | 10.5% | 3.29% | 11.82% | 6.58% |
| Depreciation & Amortization | 53.08M | 56.41M | 71.56M | 74.19M | 76.98M | 85.55M | 100.35M | 108.58M | 114.32M | 114.73M |
| D&A / Revenue % | 9.43% | 10.08% | 12.58% | 13.77% | 12.69% | 11.97% | 14.53% | 16.04% | 15.37% | 14.95% |
| Operating Income (EBIT) | 128.74M▲ 0% | 114.21M▼ 11.3% | 110.91M▼ 2.9% | 110M▼ 0.8% | 117.29M▲ 6.6% | 137.74M▲ 17.4% | 146.38M▲ 6.3% | 146.26M▼ 0.1% | 170.65M▲ 16.7% | 170.94M▲ 0% |
| Operating Margin % | 22.86% | 20.4% | 19.5% | 20.42% | 19.34% | 19.28% | 21.2% | 21.61% | 22.95% | 22.28% |
| Operating Income Growth % | 0.4% | -11.29% | -2.89% | -0.82% | 6.63% | 17.43% | 6.27% | -0.08% | 16.68% | - |
| Interest Expense | 19.32M | 19.61M | 23.06M | 23.52M | 24.11M | 26.65M | 30.43M | 32.93M | 33.8M | 2M |
| Interest Coverage | 7.19x | 6.69x | 5.62x | 5.75x | 5.56x | 6.15x | 5.78x | 4.98x | 5.63x | - |
| Interest / Revenue % | 3.43% | 3.5% | 4.05% | 4.37% | 3.98% | 3.73% | 4.41% | 4.86% | 4.54% | 0.26% |
| Non-Operating Income | -1000K | -1000K | -1000K | 1000K | -1000K | -567K | -883K | -1000K | -1000K | -795K |
| Pretax Income | 119.7M▲ 0% | 111.65M▼ 6.7% | 106.66M▼ 4.5% | 111.84M▲ 4.9% | 109.88M▼ 1.8% | 137.18M▲ 24.8% | 145.5M▲ 6.1% | 131.16M▼ 9.9% | 156.65M▲ 19.4% | 163.1M▲ 0% |
| Pretax Margin % | 21.26% | 19.95% | 18.75% | 20.76% | 18.11% | 19.2% | 21.07% | 19.38% | 21.07% | 21.25% |
| Income Tax | 22.09M | 27.43M | 19.78M | 19.42M | 4.12M | 26.22M | 27.8M | 10.6M | 20.77M | 8.61M |
| Effective Tax Rate % | 18.46% | 24.57% | 18.55% | 17.37% | 3.75% | 19.12% | 19.11% | 8.08% | 13.26% | 5.28% |
| Net Income | 97.61M▲ 0% | 84.22M▼ 13.7% | 86.87M▲ 3.2% | 92.42M▲ 6.4% | 105.76M▲ 14.4% | 110.95M▲ 4.9% | 117.7M▲ 6.1% | 120.57M▲ 2.4% | 135.89M▲ 12.7% | 142.78M▲ 0% |
| Net Margin % | 17.33% | 15.05% | 15.27% | 17.16% | 17.44% | 15.53% | 17.05% | 17.81% | 18.27% | 18.61% |
| Net Income Growth % | 29.18% | -13.72% | 3.15% | 6.38% | 14.44% | 4.91% | 6.08% | 2.44% | 12.71% | 11.24% |
| EPS (Diluted) | 2.82▲ 0% | 2.43▼ 13.8% | 2.33▼ 4.1% | 2.60▲ 11.6% | 2.92▲ 12.3% | 3.07▲ 5.1% | 3.25▲ 5.9% | 3.33▲ 2.5% | 3.72▲ 11.7% | 3.90▲ 0% |
| EPS Growth % | 29.36% | -13.83% | -4.12% | 11.59% | 12.31% | 5.14% | 5.86% | 2.46% | 11.71% | 10.17% |
| EPS (Basic) | 2.82 | 2.43 | 2.33 | 2.60 | 2.92 | 3.07 | 3.25 | 3.33 | 3.72 | - |
| Diluted Shares Outstanding | 34.67M | 34.67M | 34.67M | 35.61M | 36.17M | 36.17M | 36.19M | 36.24M | 36.57M | 36.62M |
MGEE Balance Sheet
MGE Energy, Inc. (MGEE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.86B | 1.99B | 2.08B | 2.25B | 2.37B | 2.52B | 2.68B | 2.83B | 3.16B | 3.05B |
| Asset Growth % | 3% | 7.19% | 4.68% | 8.26% | 5.25% | 6.14% | 6.27% | 5.7% | 11.58% | 32.65% |
| PP&E (Net) | 1.34B | 1.51B | 1.64B | 1.77B | 1.88B | 1.97B | 2.13B | 2.29B | 2.58B | 2.28B |
| PP&E / Total Assets % | 72.3% | 75.9% | 78.91% | 78.51% | 79.21% | 78.29% | 79.55% | 80.88% | 81.77% | 74.86% |
| Total Current Assets | 290.63M | 240.56M | 181.64M | 209.52M | 199.37M | 243.48M | 238.2M | 227.26M | 228.55M | 208.03M |
| Cash & Equivalents | 107.95M | 83.1M | 23.48M | 44.74M | 17.44M | 11.6M | 11.14M | 21.3M | 6.62M | 5.42M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 43.79M | 41.99M | 45.28M | 47.27M | 51.96M | 74.28M | 72.65M | 67.64M | 64.18M | 0 |
| Other Current Assets | 29.21M | 21.15M | 21.66M | 26.14M | 12.65M | 28.56M | 36.57M | 22.75M | 25.13M | 143.6M |
| Long-Term Investments | 67.77M | 78M | 88.49M | 94.68M | 98.75M | 105.88M | 112.82M | 118.03M | 127.91M | 378.55M |
| Goodwill | 0 | 126.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 500K | 9.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 154.19M | 12.49M | 149.75M | 157.81M | 195.01M | 197.14M | 196.23M | 195.31M | 218.84M | 558.58M |
| Total Liabilities | 1.08B | 1.17B | 1.23B | 1.28B | 1.34B | 1.44B | 1.54B | 1.6B | 1.85B | 1.8B |
| Total Debt | 426.61M | 510.9M | 560.78M | 594.11M | 641.92M | 727.17M | 780.01M | 787.45M | 935.73M | 900.82M |
| Net Debt | 318.66M | 427.79M | 537.3M | 549.37M | 624.48M | 715.56M | 768.87M | 766.15M | 929.12M | 895.4M |
| Long-Term Debt | 398.16M | 493.34M | 523.74M | 519.3M | 614.21M | 585.25M | 718.82M | 763.7M | 792.21M | 880.34M |
| Short-Term Borrowings | 28.45M | 17.55M | 19.66M | 57.27M | 10.39M | 124.81M | 43.15M | 5.29M | 117.5M | 20.47M |
| Capital Lease Obligations | 0 | 1.77M | 17.38M | 17.53M | 17.32M | 17.11M | 18.04M | 18.47M | 26.02M | 26.02M |
| Total Current Liabilities | 126.51M | 120.63M | 128.82M | 190.93M | 117.85M | 225.06M | 157.16M | 125.56M | 296.71M | 182.57M |
| Accounts Payable | 47.65M | 46.16M | 55.16M | 54.64M | 64.15M | 59.33M | 65.45M | 77.47M | 117.67M | 56.91M |
| Accrued Expenses | 17.85M | 20.43M | 20M | 21.17M | 23.34M | 20.93M | 25.26M | 27.43M | 17.24M | 56.88M |
| Deferred Revenue | 17.85M | 20.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 32.57M | 36.49M | 34M | 57.84M | 19.97M | 19.98M | 23.3M | 15.38M | 44.29M | 105.19M |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1.33B |
| Other Liabilities | 552.32M | 556.23M | 311.98M | 296.6M | 319.07M | 307.58M | 315.45M | 328.71M | 398.75M | 431.14M |
| Total Equity | 919.09M▲ 0% | 958.1M▲ 4.2% | 855.68M▼ 10.7% | 976M▲ 14.1% | 1.03B▲ 5.3% | 1.08B▲ 5.3% | 1.14B▲ 5.4% | 1.23B▲ 7.9% | 1.3B▲ 6.0% | 1.41B▲ 0% |
| Equity Growth % | 9.45% | 4.24% | -10.69% | 14.06% | 5.27% | 5.28% | 5.4% | 7.9% | 6% | 34.99% |
| Shareholders Equity | 778.19M | 816.64M | 855.68M | 976M | 1.03B | 1.08B | 1.14B | 1.23B | 1.3B | 1.25B |
| Minority Interest | 140.9M | 141.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 158.14M |
| Common Stock | 34.67M | 34.67M | 34.67M | 36.16M | 36.16M | 36.16M | 36.16M | 36.49M | 36.54M | 0 |
| Additional Paid-in Capital | 316.27M | 316.27M | 316.27M | 394.41M | 394.9M | 395.66M | 396.75M | 429.51M | 434.96M | 0 |
| Retained Earnings | 426.87M | 465.71M | 504.74M | 545.43M | 596.4M | 649.85M | 707.16M | 764.13M | 832.43M | 0 |
| Accumulated OCI | 377K | -706.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 5.34% | 4.38% | 4.27% | 4.26% | 4.57% | 4.54% | 4.53% | 4.38% | 4.54% | 4.74% |
| Return on Equity (ROE) | 11.1% | 8.97% | 9.58% | 10.09% | 10.56% | 10.52% | 10.6% | 10.17% | 10.72% | 10.82% |
| Debt / Equity | 0.46x | 0.53x | 0.66x | 0.61x | 0.62x | 0.67x | 0.68x | 0.64x | 0.72x | 0.72x |
| Debt / Assets | 23% | 25.69% | 26.94% | 26.36% | 27.06% | 28.88% | 29.15% | 27.85% | 29.65% | 29.55% |
| Net Debt / EBITDA | 1.75x | 2.51x | 2.94x | 2.98x | 3.21x | 3.20x | 3.12x | 3.01x | 3.26x | 3.26x |
| Book Value per Share | 26.51 | 27.64 | 24.68 | 27.41 | 28.41 | 29.9 | 31.51 | 33.95 | 35.65 | 38.39 |
MGEE Cash Flow Statement
MGE Energy, Inc. (MGEE) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 132.99M | 153.04M | 130.47M | 172.44M | 137.53M | 153.74M | 237.56M | 277.78M | 263.23M | 263.23M |
| Operating CF Growth % | -9.84% | 15.08% | -14.74% | 32.17% | -20.25% | 11.79% | 54.53% | 16.93% | -5.24% | -39.43% |
| Operating CF / Revenue % | 23.62% | 27.34% | 22.94% | 32.01% | 22.67% | 21.52% | 34.41% | 41.04% | 35.4% | 34.3% |
| Net Income | 97.61M | 84.22M | 86.87M | 92.42M | 105.76M | 110.95M | 117.7M | 120.57M | 135.89M | 142.78M |
| Depreciation & Amortization | 53.08M | 56.41M | 71.56M | 74.19M | 76.98M | 85.55M | 100.35M | 108.58M | 114.32M | 114.73M |
| Deferred Taxes | -4.08M | 3.75M | 7.21M | 10.36M | 4.84M | 23.43M | 23M | 608K | 7.62M | 8.78M |
| Other Non-Cash Items | -10.56M | -6.4M | -10.29M | -12.57M | -8.91M | -17.27M | -14.29M | -274K | -6.25M | -2.46M |
| Working Capital Changes | -2.03M | 17.56M | -24.88M | 8.04M | -41.15M | -48.93M | 10.8M | 48.3M | 11.64M | 2.23M |
| Capital Expenditures | -108.13M | -212.2M | -164.04M | -203.14M | -153.17M | -175.03M | -222.07M | -236.93M | -343.22M | -396.71M |
| CapEx / Revenue % | 19.2% | 37.91% | 28.84% | 37.71% | 25.25% | 24.5% | 32.16% | 35% | 46.15% | 51.7% |
| CapEx / D&A | 2.04x | 3.76x | 2.29x | 2.74x | 1.99x | 2.05x | 2.21x | 2.18x | 3.00x | 3.46x |
| CapEx Coverage (OCF/CapEx) | 1.23x | 0.72x | 0.80x | 0.85x | 0.90x | 0.88x | 1.07x | 1.17x | 0.77x | 0.66x |
| Cash from Investing | -116.36M | -218.33M | -172.36M | -210.41M | -156.97M | -180.15M | -230.02M | -241.49M | -350.56M | -405.43M |
| Acquisitions | 2.82M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | -11.08M | -5.93M | -7.81M | -5.6M | -4.03M | -5.18M | -7M | -4.79M | -9.5M | -11.78M |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 2.85M | -205K | -508K | -1.67M | 221K | 70K | -954K | 230K | 2.15M | 3.06M |
| Cash from Financing | -4.64M | 38.12M | -17.23M | 59.19M | -8.76M | 25.54M | -10.48M | -26.83M | 71.57M | 115.19M |
| Dividends Paid | -43.68M | -45.76M | -47.84M | -51.73M | -54.79M | -57.5M | -60.39M | -63.6M | -67.59M | -53.88M |
| Dividend Payout Ratio % | 44.75% | 54.34% | 55.07% | 55.97% | 51.8% | 51.82% | 51.31% | 52.75% | 49.74% | - |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 3M |
| Stock Issued | 0 | 0 | 0 | 79.64M | 0 | 0 | 0 | 31.61M | 3.75M | 14.48M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -597K | -662K | -1.84M | -1.55M | -2.2M | -2.07M | -2.58M | -1.69M | -1.84M | 30.05M |
| Net Change in Cash | 11.99M▲ 0% | -27.16M▼ 326.5% | -59.12M▼ 117.6% | 21.23M▲ 135.9% | -28.2M▼ 232.9% | -867K▲ 96.9% | -2.94M▼ 239.3% | 9.47M▲ 421.9% | -15.76M▼ 266.4% | -25.69M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.52M |
| Cash at Beginning | 95.96M | 112.09M | 84.93M | 25.81M | 47.04M | 18.84M | 17.97M | 15.03M | 24.5M | 8.74M |
| Cash at End | 107.95M | 84.93M | 25.81M | 47.04M | 18.84M | 17.97M | 15.03M | 24.5M | 8.74M | 12.48M |
| Free Cash Flow | 24.86M▲ 0% | -59.16M▼ 338.0% | -33.56M▲ 43.3% | -30.7M▲ 8.5% | -15.64M▲ 49.0% | -21.3M▼ 36.1% | 15.49M▲ 172.7% | 40.86M▲ 163.8% | -79.99M▼ 295.8% | -130.64M▲ 0% |
| FCF Growth % | -61.07% | -337.96% | 43.27% | 8.54% | 49.04% | -36.14% | 172.74% | 163.78% | -295.76% | -361.16% |
| FCF Margin % | 4.41% | -10.57% | -5.9% | -5.7% | -2.58% | -2.98% | 2.24% | 6.04% | -10.76% | -17.02% |
| FCF / Net Income % | 25.47% | -70.24% | -38.63% | -33.21% | -14.79% | -19.19% | 13.16% | 33.89% | -58.86% | -91.5% |
MGEE Key Ratios
MGE Energy, Inc. (MGEE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 11.1% | 8.97% | 9.58% | 10.09% | 10.56% | 10.52% | 10.6% | 10.17% | 10.72% | 10.82% |
| EBITDA Margin | 32.29% | 30.48% | 32.08% | 34.19% | 32.03% | 31.25% | 35.74% | 37.65% | 38.32% | 37.23% |
| Net Debt / EBITDA | 1.75x | 2.51x | 2.94x | 2.98x | 3.21x | 3.20x | 3.12x | 3.01x | 3.26x | 3.26x |
| Interest Coverage | 7.19x | 6.69x | 5.62x | 5.75x | 5.56x | 6.15x | 5.78x | 4.98x | 5.63x | - |
| CapEx / Revenue | 19.2% | 37.91% | 28.84% | 37.71% | 25.25% | 24.5% | 32.16% | 35% | 46.15% | 51.7% |
| Dividend Payout Ratio | 44.75% | 54.34% | 55.07% | 55.97% | 51.8% | 51.82% | 51.31% | 52.75% | 49.74% | 35.83% |
| Debt / Equity | 0.46x | 0.53x | 0.66x | 0.61x | 0.62x | 0.67x | 0.68x | 0.64x | 0.72x | 0.72x |
| EPS Growth | 29.36% | -13.83% | -4.12% | 11.59% | 12.31% | 5.14% | 5.86% | 2.46% | 11.71% | 10.17% |
MGEE SEC Filings & Documents
MGE Energy, Inc. (MGEE) SEC filings — annual & quarterly reports (10-K, 10-Q)
MGEE Frequently Asked Questions
MGE Energy, Inc. (MGEE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
MGE Energy, Inc. (MGEE) reported $767.4M in revenue for fiscal year 2025. This represents a 203% increase from $253.2M in 1996.
MGE Energy, Inc. (MGEE) grew revenue by 9.9% over the past year. This is steady growth.
Yes, MGE Energy, Inc. (MGEE) is profitable, generating $142.8M in net income for fiscal year 2025 (18.3% net margin).
Dividend & Returns
Yes, MGE Energy, Inc. (MGEE) pays a dividend with a yield of 2.29%. This makes it attractive for income-focused investors.
MGE Energy, Inc. (MGEE) has a return on equity (ROE) of 10.7%. This is reasonable for most industries.
MGE Energy, Inc. (MGEE) had negative free cash flow of $130.6M in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
MGE Energy, Inc. (MGEE) has a dividend payout ratio of 50%. This suggests the dividend is well-covered and sustainable.
Explore More MGEE
MGE Energy, Inc. (MGEE) financial analysis — history, returns, DCA and operating performance tools
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Financial Ratios
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Valuation
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