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.

Revenue
+8.38%
EPS
+22.1%
Free cash flow
+122.2%
Total debt
+4.33%

Quarter to September 2026, against a year earlier

78.25 0.11 −0.14%
Market cap
$3.0B
P/E
18.1×
Fwd P/E
18.7×
Dividend yield
2.47%
F-score
6/9
Altman Z
1.69
Beneish M
−2.54
Dividend safety
52/100

MGE Energy Inc. (MGEE) Gross margin

Alert me on Gross margin

MGE Energy Inc.'s gross margin over the twelve months to 30 September 2026 was 0.00%, down 73.4 percentage points from fiscal 2025 (73.4%). Over the past ten years it has ranged from 62.6% (fiscal 2015) to 75.0% (fiscal 2024); the current reading is higher than 91% of that period. That is below the Utilities Regulated Electric industry median of 62.0% and below the Utilities sector median of 58.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 73.4% (1.57)
FY2024 75.0% 4.72
FY2023 70.2% 6.73
FY2022 63.5% (4.55)
FY2021 68.1% (4.41)
FY2020 72.5% 2.92
FY2019 69.6% 3.83
FY2018 65.7% (0.83)
FY2017 66.6% 0.29
FY2016 66.3% 3.70

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 0.00% (82.63)
Jun 2026 82.6% 21.20
Mar 2026 61.4% (8.26)
Dec 2025 69.7% (12.47)
43 more quarters

Against its own ten years

Low 62.6% High 75.0%
Ten-year median 68.1%
Current reading's percentile 91

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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