Saturday 17 October 2026
Export MGEE’s income statement to Excel — free account
MGE Energy Inc.
MGEE Utilities Utilities Regulated Electric
MGE Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $743.7 million, up 9.85% from fiscal 2024. In the quarter to June 2026, revenue grew 1.09%, EPS grew 21.9%, free cash flow fell 419.8% and total debt rose 21.0%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.
72.27
0.99
+1.39%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
21.02 | 28.22 | 22.39 | 23.10 | 28.07 | 26.93 | 31.53 | 24.67 | 22.13 | 29.36 |
Piotroski F-Score |
6 | 5 | 6 | 6 | 6 | 5 | 5 | 4 | 6 | 7 |
P/S ratio |
3.85 | 5.03 | 3.81 | 3.58 | 4.90 | 4.63 | 4.80 | 3.71 | 3.84 | 4.07 |
Altman Z-Score |
1.69 | 2.11 | 1.87 | 1.90 | 2.14 | 1.92 | 2.16 | 1.94 | 2.17 | 2.20 |
Altman Z″-Score (non-manufacturers) |
1.82 | 2.27 | 2.21 | 2.05 | 2.18 | 1.97 | 2.05 | 2.28 | 2.54 | 2.47 |
P/FCF ratio |
0.00 | 83.27 | 169.91 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 83.01 | 34.56 |
Beneish M-Score |
(2.54) | (2.81) | (2.84) | (2.46) | (2.24) | (2.66) | (2.66) | (2.70) | (2.58) | (2.61) |
P/Operating CF |
83.13 | 50.07 | 60.47 | 270.39 | (788.97) | 68.45 | 145.56 | 142.30 | 61.41 | 118.83 |
Dividend Safety Score |
52 | — | — | — | — | — | — | — | — | — |
P/B ratio |
2.20 | 2.77 | 2.31 | 2.36 | 2.89 | 2.56 | 3.19 | 2.55 | 2.78 | 3.06 |
Price to Tangible BV |
2.20 | 2.77 | 2.31 | 2.36 | 2.89 | 2.56 | 3.19 | 2.55 | 2.78 | 3.06 |
EV/Sales |
5.07 | 6.13 | 4.90 | 4.58 | 5.93 | 5.65 | 5.75 | 4.48 | 4.41 | 4.61 |
EV/EBITDA |
13.22 | 16.28 | 13.71 | 14.65 | 18.52 | 16.52 | 17.92 | 14.70 | 13.97 | 14.89 |
EV/Operating CF |
14.31 | 14.94 | 14.24 | 21.28 | 26.17 | 17.65 | 25.06 | 16.39 | 18.89 | 16.97 |
EV/FCF |
(47.10) | 101.57 | 218.38 | (153.63) | (230.08) | (99.14) | (97.43) | (42.40) | 95.24 | 39.09 |
Quick Ratio |
0.26 | 0.66 | 0.47 | 0.35 | 0.68 | 0.49 | 0.56 | 1.10 | 1.26 | 1.39 |
Current Ratio |
0.77 | 1.81 | 1.52 | 1.08 | 1.69 | 1.10 | 1.41 | 1.99 | 2.30 | 2.66 |
Net Debt/EBITDA |
3.17 | 2.93 | 3.04 | 3.20 | 3.21 | 2.98 | 2.94 | 2.52 | 1.79 | 1.73 |
Debt/Assets |
28.79% | 27.19% | 28.48% | 28.88% | 27.06% | 26.36% | 26.94% | 25.78% | 23.00% | 21.49% |
Debt/Equity |
0.70 | 0.63 | 0.67 | 0.67 | 0.62 | 0.61 | 0.66 | 0.63 | 0.55 | 0.53 |
Asset Turnover |
0.25 | 0.25 | 0.27 | 0.29 | 0.26 | 0.25 | 0.28 | 0.29 | 0.31 | 0.31 |
Operating CF/Net income |
1.94 | 2.30 | 2.02 | 1.39 | 1.30 | 1.87 | 1.50 | 1.82 | 1.35 | 1.96 |
Capex/Depreciation |
(3.00) | (2.18) | (2.21) | (2.05) | (1.99) | (2.74) | (2.29) | (3.76) | (1.98) | (1.87) |
Interest Coverage |
5.05 | 4.44 | 4.81 | 5.17 | 4.86 | 4.68 | 4.81 | 5.82 | 6.45 | 6.24 |
| 10.72% | 10.17% | 10.60% | 10.52% | 10.56% | 10.09% | 10.39% | 10.56% | 12.99% | 10.68% | |
| 4.54% | 4.38% | 4.53% | 4.54% | 4.57% | 4.26% | 4.27% | 4.38% | 5.34% | 4.28% | |
ROIC |
4.83% | 4.62% | 4.84% | 4.79% | 4.44% | 4.51% | 4.98% | 5.73% | 7.10% | 7.63% |
Return on Tangible Assets |
5.43% | 5.05% | 5.33% | 5.58% | 5.40% | 5.17% | 5.12% | 5.17% | 6.48% | 5.20% |
Average Days of Receivables |
34.62 | 33.08 | 32.96 | 34.14 | 37.49 | 32.99 | 31.07 | 32.51 | 33.54 | 32.44 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
35.07% | 37.31% | 34.50% | 32.26% | 36.04% | 38.28% | 37.48% | 35.23% | 34.99% | 35.32% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.57) | (0.40) | (0.49) | (0.47) | (0.38) | (0.43) | (0.38) | (0.45) | (0.36) | (0.36) |
Graham Number |
54.73 | 50.45 | 48.01 | 45.38 | 43.28 | 40.04 | 37.26 | 35.89 | 37.74 | 32.01 |
Earnings Yield |
4.76% | 3.54% | 4.47% | 4.33% | 3.56% | 3.71% | 3.17% | 4.05% | 4.52% | 3.41% |
Free Cash Flow Yield |
(2.79%) | 1.20% | 0.59% | (0.83%) | (0.53%) | (1.23%) | (1.23%) | (2.85%) | 1.20% | 2.89% |
Revenue per Share |
20.36 | 18.69 | 19.09 | 19.76 | 16.77 | 15.13 | 16.41 | 16.15 | 16.24 | 15.71 |
Operating CF per Share |
7.21 | 7.67 | 6.57 | 4.25 | 3.80 | 4.84 | 3.76 | 4.41 | 3.79 | 4.27 |
Capex per Share |
(9.39) | (6.54) | (6.14) | (4.84) | (4.24) | (5.70) | (4.73) | (6.12) | (3.04) | (2.41) |
Free Cash Flow per Share |
(2.19) | 1.13 | 0.43 | (0.59) | (0.43) | (0.86) | (0.97) | (1.71) | 0.75 | 1.85 |
Cash per Share |
0.16 | 0.59 | 0.31 | 0.32 | 0.48 | 1.26 | 0.68 | 2.40 | 3.11 | 2.77 |
Shareholders Equity per Share |
35.69 | 33.97 | 31.53 | 29.91 | 28.41 | 27.41 | 24.68 | 23.56 | 22.45 | 20.89 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
35.69 | 33.97 | 31.53 | 29.91 | 28.41 | 27.41 | 24.68 | 23.56 | 22.45 | 20.89 |
Free Cash Flow |
(79.99) | 40.86 | 15.49 | (21.29) | (15.64) | (30.70) | (33.56) | (59.16) | 26.06 | 64.21 |
Working Capital |
(68.16) | 101.70 | 81.04 | 18.42 | 81.52 | 18.59 | 52.82 | 119.93 | 164.12 | 172.01 |
Capital Expenditures |
(343.22) | (236.92) | (222.07) | (175.03) | (153.17) | (203.14) | (164.04) | (212.20) | (105.31) | (83.66) |
Net Current Asset Value |
(1,622.94) | (1,370.56) | (1,297.19) | (1,192.45) | (1,145.07) | (1,068.13) | (1,044.35) | (931.41) | (786.36) | (801.46) |
EV/EBIT |
22.08 | 28.37 | 23.11 | 23.75 | 30.68 | 27.67 | 29.48 | 21.96 | 19.92 | 20.26 |
Capex to Sales |
0.46 | 0.35 | 0.32 | 0.25 | 0.25 | 0.38 | 0.29 | 0.38 | 0.19 | 0.15 |
Price to Operating Income |
16.79 | 23.26 | 17.98 | 18.56 | 25.36 | 22.67 | 24.64 | 18.20 | 17.36 | 17.91 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 |
Cash ROIC |
(3.61%) | 2.02% | 0.81% | (1.17%) | (0.93%) | (1.90%) | (2.33%) | (4.19%) | 1.99% | 5.32% |
Accounts Receivable Turnover |
11.28 | 10.95 | 10.69 | 11.07 | 10.93 | 11.09 | 11.58 | 11.02 | 11.24 | 11.71 |
Accounts Payable Turnover |
2.03 | 2.37 | 3.29 | 4.22 | 3.26 | 2.70 | 3.42 | 4.09 | 3.95 | 4.15 |
Inventory Turnover |
3.00 | 2.42 | 2.80 | 4.13 | 3.90 | 3.20 | 3.97 | 4.47 | 4.44 | 4.11 |
Average Days of Payables |
217.06 | 166.78 | 116.25 | 83.07 | 120.87 | 134.52 | 116.24 | 87.79 | 92.32 | 94.91 |
Days of Inventory on Hand |
118.38 | 145.63 | 129.04 | 103.98 | 97.90 | 116.36 | 95.43 | 79.87 | 84.86 | 81.68 |
Average Receivables |
65.94 | 61.85 | 64.59 | 64.56 | 55.49 | 48.55 | 49.14 | 50.80 | 50.08 | 46.50 |
Average Payables |
97.57 | 71.46 | 62.39 | 61.74 | 59.40 | 54.90 | 50.66 | 46.90 | 47.72 | 44.31 |
Average Inventory |
65.91 | 70.15 | 73.46 | 63.12 | 49.61 | 46.27 | 43.64 | 42.89 | 42.47 | 44.77 |
Average Assets |
2,991.69 | 2,751.71 | 2,596.53 | 2,444.75 | 2,312.78 | 2,167.66 | 2,035.14 | 1,921.90 | 1,828.12 | 1,763.73 |
Average Common Equity |
1,267.04 | 1,185.11 | 1,110.87 | 1,054.57 | 1,001.73 | 915.84 | 836.16 | 797.42 | 751.14 | 707.27 |
Columns are period end dates