Last 48 quarters of trend data · Utilities · Diversified Utilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
MGE Energy, Inc.'s quarterly P/E stands at 14.6x, down 28.2% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 9.7% YoY to 11.6x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 20.36 | 14.64 | 30.63 | 17.25 | 30.71 | 20.39 | 38.51 | 20.23 | 28.30 | 21.16 | 32.87 | 16.31 | 25.03 |
| — | -28.2% | -20.5% | -14.7% | +8.5% | -3.7% | +17.2% | +24.0% | +13.1% | -6.3% | +8.3% | -7.5% | -22.8% | |
| P/S Ratio | 3.74 | 2.92 | 3.78 | 4.38 | 5.07 | 3.88 | 4.98 | 4.91 | 4.64 | 3.72 | 3.97 | 3.86 | 4.84 |
| — | -24.8% | -24.1% | -10.8% | +9.3% | +4.2% | +25.3% | +27.3% | -4.0% | +15.1% | +18.5% | +6.3% | +4.7% | |
| P/B Ratio | 2.12 | 2.10 | 2.20 | 2.37 | 2.55 | 2.70 | 2.78 | 2.77 | 2.32 | 2.46 | 2.30 | 2.18 | 2.57 |
| — | -22.3% | -20.8% | -14.4% | +9.9% | +9.7% | +20.9% | +26.9% | -10.0% | -3.9% | -2.5% | -1.1% | -3.5% | |
| P/FCF | — | — | — | — | — | 28.11 | — | 30.71 | — | 33.84 | — | 25.35 | 66.00 |
| — | — | — | — | — | -16.9% | — | +21.1% | — | -59.3% | — | — | +31.2% | |
| EV / EBITDA | 13.03 | 11.58 | 15.57 | 12.08 | 15.96 | 12.82 | 18.81 | 13.35 | 15.31 | 13.35 | 17.08 | 11.60 | 14.14 |
| — | -9.7% | -17.2% | -9.5% | +4.3% | -4.0% | +10.1% | +15.1% | +8.2% | -2.3% | +4.1% | -2.3% | -22.8% | |
| EV / EBIT | 21.76 | — | 26.30 | 16.03 | 26.34 | 18.61 | 31.77 | 18.96 | 25.82 | 20.14 | 25.75 | 14.74 | 20.73 |
| — | — | -17.2% | -15.4% | +2.0% | -7.6% | +23.4% | +28.6% | +24.6% | +3.5% | +5.1% | -5.7% | -19.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
MGE Energy, Inc.'s operating margin was 21.9% in Q1 2026, up 5.3 pp QoQ and down 2.2 pp YoY.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 97.3% | 99.0% | 199.4% | 33.1% | 43.0% | 100.0% | 35.9% | 48.3% | 43.0% | 38.3% | 33.4% | 46.5% | 46.8% |
| — | -1.0% | +455.4% | -31.4% | +0.0% | +160.9% | +7.6% | +3.8% | -8.1% | +18.5% | +15.7% | +10.0% | +37.0% | |
| Operating Margin | 22.9% | 21.9% | 16.6% | 29.6% | 21.5% | 24.1% | 16.1% | 28.6% | 20.4% | 21.3% | 14.7% | 27.3% | 25.9% |
| — | -9.3% | +3.0% | +3.8% | +5.2% | +13.4% | +9.9% | +4.7% | -21.3% | +15.6% | -0.3% | +4.9% | +55.2% | |
| Net Margin | 18.3% | 20.0% | 12.3% | 25.3% | 16.6% | 19.0% | 12.8% | 24.3% | 16.3% | 17.7% | 12.2% | 23.6% | 19.4% |
| — | +5.2% | -4.3% | +4.2% | +1.8% | +7.5% | +5.3% | +3.0% | -15.7% | +23.5% | +10.0% | +14.3% | +35.7% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.7% | 3.7% | 1.8% | 3.5% | 2.1% | 3.3% | 1.8% | 3.5% | 2.0% | 2.9% | 1.8% | 3.4% | 2.6% |
| — | +9.3% | -1.3% | +0.0% | +2.4% | +13.6% | +2.9% | +2.9% | -21.2% | +3.2% | -9.6% | +6.4% | +25.4% | |
| ROA | 4.5% | 1.5% | 0.8% | 1.5% | 0.9% | 1.5% | 0.8% | 1.5% | 0.9% | 1.3% | 0.8% | 1.5% | 1.1% |
| — | +4.2% | -4.0% | +1.7% | +5.4% | +16.1% | +3.5% | +1.8% | -21.9% | +2.5% | -9.7% | +6.9% | +24.9% | |
| ROIC | 6.1% | 1.8% | 1.1% | 1.9% | 1.3% | 2.0% | 1.1% | 1.9% | 1.2% | 1.6% | 1.0% | 1.8% | 1.6% |
| — | -11.2% | +1.8% | -0.3% | +9.8% | +24.1% | +10.6% | +6.1% | -26.1% | -3.4% | -18.8% | -5.2% | +36.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
MGE Energy, Inc.'s Debt/EBITDA ratio is 11.6x, down from 15.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 44.3% YoY to 1.15x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.72 | 0.70 | 0.72 | 0.65 | 0.61 | 0.61 | 0.64 | 0.60 | 0.67 | 0.66 | 0.68 | 0.65 | 0.67 |
| — | +14.3% | +12.1% | +7.6% | -9.2% | -7.5% | -6.4% | -6.9% | -0.3% | -1.9% | +1.8% | +3.4% | +11.8% | |
| Debt / EBITDA | 3.28 | 11.58 | 15.35 | 10.40 | 12.34 | 9.53 | 14.17 | 9.58 | 13.79 | 11.34 | 15.74 | 10.65 | 11.76 |
| — | +21.5% | +8.4% | +8.6% | -10.5% | -15.9% | -10.0% | -10.1% | +17.3% | -0.7% | +7.6% | +1.2% | -13.3% | |
| Current Ratio | 0.77 | 1.15 | 0.77 | 0.91 | 1.80 | 2.07 | 1.81 | 1.41 | 1.32 | 1.59 | 1.52 | 1.76 | 1.40 |
| — | -44.3% | -57.4% | -35.5% | +36.5% | +30.2% | +19.4% | -20.2% | -5.3% | +3.8% | +40.1% | +71.7% | +15.3% | |
| Quick Ratio | 0.55 | 0.83 | 0.55 | 0.59 | 1.20 | 1.49 | 1.27 | 0.94 | 0.90 | 1.09 | 1.05 | 1.17 | 0.95 |
| — | -44.3% | -56.4% | -37.4% | +33.3% | +37.2% | +20.7% | -19.7% | -4.5% | +3.4% | +40.1% | +83.5% | +13.4% | |
| Interest Coverage | 5.63 | 5.42 | 3.97 | 7.03 | 4.49 | 7.32 | 4.01 | 6.31 | 4.03 | 5.58 | 4.37 | 7.10 | 5.58 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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MGE Energy, Inc.'s current P/E is 20.4x. The average P/E over the last 4 quarters is 23.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
MGE Energy, Inc.'s current operating margin is 22.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking MGE Energy, Inc.'s business trajectory between earnings reports.