MGE Energy
MGEE Nasdaq· Electric Utilities
Last close · Oct 27, 2026
$74.17
KIRA · Stoqly’s AI analyst, in plain words
- MGE Energy had $744M of revenue in fiscal 2025, up 9.9% on the year before. Over five years, revenue changed +6.7% a year on average.
- Its operating margin was 23.0%, up 1.3 pts: of every 100 in sales, about 23 is left after running the business.
- MGE Energy made $136M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 6.1% a year.
- Free cash flow was −$80.0M in fiscal 2025, −10.8% of revenue.
- MGE Energy returned $67.6M to shareholders in fiscal 2025. The diluted share count rose 0.9%.
- MGE Energy owes $922M more than it holds in cash.
Market cap
$2.7B
P/E
19.0x
Revenue
$744M
Net income
$136M
Free cash flow
−$80.0M
Operating margin
23.0%
MGE Energy in 30 seconds · fiscal 2025
Are sales growing?
+9.9%
Yes. Sales grew 9.9% last year.
Does it make a profit?
18.3%
Yes. It keeps 18.3% of every sale as profit.
Does profit turn into cash?
−10.8%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
19.0x
One share costs 19.0 times its yearly profit per share. Typical for its sector: 20.7x.
What MGE Energy does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 24, 2026
- Legal name
- MGE Energy, Inc.
- CIK
- 0001161728
MGE Energy · MGEE
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $607M | $715M | $690M | $677M | $744M |
| Revenue growth | 12.6% | 17.8% | −3.4% | −2.0% | 9.9% |
| Operating margin | 19.3% | 19.3% | 21.2% | 21.6% | 23.0% |
| Net income | $106M | $111M | $118M | $121M | $136M |
| Net margin | 17.4% | 15.5% | 17.1% | 17.8% | 18.3% |
| Diluted EPS | $2.92 | $3.07 | $3.25 | $3.33 | $3.72 |
| Cash | |||||
| Cash from operations | $138M | $154M | $238M | $278M | $263M |
| Capital expenditure | $153M | $175M | $222M | $237M | $343M |
| Free cash flow | −$15.6M | −$21.3M | $15.5M | $40.9M | −$80.0M |
| FCF margin | −2.6% | −3.0% | 2.2% | 6.0% | −10.8% |
| Dividends paid | $54.8M | $57.5M | $60.4M | $63.6M | $67.6M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 1.6% | 0.0% | 0.0% | 0.2% | 0.9% |
| Debt and strength | |||||
| Cash and short-term investments | $17.4M | $11.6M | $11.1M | $21.3M | $5.7M |
| Debt incl. finance leases | $643M | $728M | $781M | $789M | $928M |
| Shareholders' equity | $1.0B | $1.1B | $1.1B | $1.2B | $1.3B |
| Current ratio | 1.7x | 1.1x | 1.5x | 1.8x | 0.8x |
| Interest coverage | 5.0x | 5.3x | 5.0x | 4.3x | 4.8x |
| Returns and quality | |||||
| Return on capital | 7.1% | 6.5% | 6.4% | 6.9% | 7.0% |
| Return on equity | 10.6% | 10.5% | 10.6% | 10.2% | 10.7% |
| Piotroski F-score | 6 | 4 | 4 | 5 | 5 |
| Altman Z'' | 2.2 | 2.1 | 2.2 | 2.3 | 1.8 |
Insiders bought, 12 months
$0.1M
1 insider
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
MGE Energy · MGEE
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| MGE Energy MGEE | $2.7B | 9.9% | 23.0% | −10.8% | 7.0% | 19.0x | 5 |
| Unitil UTL | $984M | 8.3% | 18.9% | −10.0% | 5.6% | 17.3x | 4 |
| Otter Tail OTTR | $3.8B | −2.3% | 26.6% | 7.5% | 12.3% | 19.5x | 5 |
| Idacorp IDA | $7.7B | −1.2% | 20.3% | −33.1% | 5.5% | — | 5 |
| TXNM Energy TXNM | $6.6B | 9.9% | 20.4% | −28.2% | 4.8% | 44.4x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $74.17 a share, the company is worth $2.7B: 19.0 times its earnings of the last four quarters.
MGE Energy grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 1 of 3.
Source: SEC EDGAR XBRL filings (CIK 0001161728). Data updated October 22, 2026. For information only — not investment advice. Check the original filings before relying on any figure.