MGE Energy, Inc. (MGEE) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MGEE Revenue Growth
Revenue Breakdown (FY 2025)
MGEE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MGEE Revenue Analysis (2014–2025)
As of May 8, 2026, MGE Energy, Inc. (MGEE) generated trailing twelve-month (TTM) revenue of $767.4 million, reflecting strong growth of +10.8% year-over-year. The most recent quarter (Q1 2026) recorded $242.7 million in revenue, up 28.0% sequentially.
Looking at the longer-term picture, MGEE's 5-year compound annual growth rate (CAGR) stands at +6.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $743.7 million in 2025, representing a new all-time high.
Revenue diversification analysis shows MGEE's business is primarily driven by Electric (66%), Gas (29%), and Non Regulated Energy (6%). With over half of revenue concentrated in Electric, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including OTTR (-0.5% YoY), AVA (-1.5% YoY), and NWE (+9.1% YoY), MGEE has underperformed the peer group in terms of revenue growth. Compare MGEE vs OTTR →
MGEE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MGEECurrent | $767M | +10.8% | +6.7% | 22.9% | |
 OTTR | $1.3B | -0.5% | +7.9% | 26.5% | |
 AVA | $2.0B | -1.5% | +8.2% | 18.0% | |
 NWE | $1.6B | +9.1% | +6.1% | 20.2% | |
 LAUR | $1.7B | +13.8% | +10.7% | 25.3% | |
 CWCO | $132M | -1.4% | +12.7% | 13901508.9% |
MGEE Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $743.7M | +9.9% | $723.6M | 97.3% | $170.7M | 22.9% |
| 2024 | $676.9M | -2.0% | $278.8M | 41.2% | $146.3M | 21.6% |
| 2023 | $690.4M | -3.4% | $269.0M | 39.0% | $146.4M | 21.2% |
| 2022 | $714.5M | +17.8% | $243.9M | 34.1% | $137.7M | 19.3% |
| 2021 | $606.6M | +12.6% | $213.6M | 35.2% | $117.3M | 19.3% |
| 2020 | $538.6M | -5.3% | $203.9M | 37.9% | $110.0M | 20.4% |
| 2019 | $568.9M | +1.6% | $202.3M | 35.6% | $110.9M | 19.5% |
| 2018 | $559.8M | -0.6% | $190.0M | 33.9% | $114.2M | 20.4% |
| 2017 | $563.1M | +3.4% | $201.1M | 35.7% | $128.7M | 22.9% |
| 2016 | $544.7M | -3.4% | $192.9M | 35.4% | $128.2M | 23.5% |
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Start ComparisonMGEE — Frequently Asked Questions
Quick answers to the most common questions about buying MGEE stock.
Is MGEE's revenue growth accelerating or slowing?
MGEE maintains +10.8% revenue growth, in line with its 5-year CAGR of +6.7%. TTM revenue stands at $767M. Growth rate remains consistent with historical average.
What is MGEE's long-term revenue growth rate?
MGE Energy, Inc.'s 5-year revenue CAGR of +6.7% reflects the sustained expansion pattern. Current YoY growth of +10.8% is near this long-term average.
How is MGEE's revenue distributed by segment?
MGEE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.