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
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MGE Energy Inc. (MGEE) Operating margin
MGE Energy Inc.'s operating margin over the twelve months to 30 September 2026 was 22.5%, down 0.4 percentage points from fiscal 2025 (23.0%). Over the past ten years it has ranged from 19.3% (fiscal 2022) to 23.0% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Utilities Regulated Electric industry median of 21.7% and above the Utilities sector median of 18.7%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 23.0% | 1.34 |
| FY2024 | 21.6% | 0.41 |
| FY2023 | 21.2% | 1.92 |
| FY2022 | 19.3% | (0.06) |
| FY2021 | 19.3% | (1.08) |
| FY2020 | 20.4% | 0.92 |
| FY2019 | 19.5% | (0.90) |
| FY2018 | 20.4% | (1.73) |
| FY2017 | 22.1% | (0.61) |
| FY2016 | 22.7% | 0.71 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 30.5% | 10.26 |
| Jun 2026 | 20.3% | (1.65) |
| Mar 2026 | 21.9% | 4.76 |
| Dec 2025 | 17.1% | (11.93) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| CEPU Central Puerto S.A. Sponsored ADR compare | 33.4% |
| OGE OGE Energy Corporation compare | 25.8% |
| TXNM TXNM Energy, Inc. compare | 24.4% |
| IDA IDACORP, Inc. compare | 23.5% |
| MGEE MGE Energy Inc. | 22.5% |
| NWE NorthWestern Corporation compare | 18.1% |
| CIG Comp En De Mn Cemig ADS compare | 15.0% |
| POR Portland General Electric Company compare | 14.4% |
| HE Hawaiian Electric Industries, Inc. compare | 11.5% |
| Utilities Regulated Electric industry median | 21.7% |
| Utilities sector median | 18.7% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on MGEE
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement