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Friday 6 November 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.

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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

MGE Energy Inc. (MGEE) Net margin

Alert me on Net margin

MGE Energy Inc.'s net margin over the twelve months to 30 September 2026 was 20.6%, up 2.3 percentage points from fiscal 2025 (18.3%). Over the past ten years it has ranged from 12.7% (fiscal 2015) to 18.3% (fiscal 2025) — the current reading is the highest in ten years. That is above the Utilities Regulated Electric industry median of 13.5% and above the Utilities sector median of 11.6%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 18.3% 0.46
FY2024 17.8% 0.76
FY2023 17.1% 1.52
FY2022 15.5% (1.91)
FY2021 17.4% 0.28
FY2020 17.2% 1.89
FY2019 15.3% 0.22
FY2018 15.1% (2.28)
FY2017 17.3% 3.46
FY2016 13.9% 1.22

Quarterly newest first

Period Net margin Change (points)
Sep 2026 29.6% 8.91
Jun 2026 20.7% 0.71
Mar 2026 20.0% 7.69
Dec 2025 12.3% (13.04)
43 more quarters

Against its own ten years

Low 12.7% High 18.3%
Ten-year median 17.1%
Current reading's percentile 100

Net margin against peers

Company Net margin
CEPU Central Puerto S.A. Sponsored ADR compare 34.9%
MGEE MGE Energy Inc. 20.6%
IDA IDACORP, Inc. compare 19.9%
OGE OGE Energy Corporation compare 16.4%
CIG Comp En De Mn Cemig ADS compare 10.4%
TXNM TXNM Energy, Inc. compare 9.85%
NWE NorthWestern Corporation compare 9.48%
POR Portland General Electric Company compare 7.68%
HE Hawaiian Electric Industries, Inc. compare 6.82%
Utilities Regulated Electric industry median 13.5%
Utilities sector median 11.6%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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