MGEE

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MGE Energy Inc.

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Key Metrics

Previous Close: $81.24
52-Week Range: $72.16 – $88.01
Market Cap: $3.04B
P/E (TTM): 19.77
EPS (TTM): 4.07
Dividend Yield: 2.34%

Advanced Metrics

Price/Book: 2.11
PEG Ratio: 4.12
Return on Equity: 11.04%
Return on Assets: 3.72%
Gross Margin: 41.18%
Operating Margin: 22.67%
Profit Margin: 19.90%
Current Ratio: 1.14
Debt/Equity: 0.65
Total Debt: $934.36M
Free Cash Flow: $-206.61M
Revenue Growth: 1.10%
Earnings Growth: 23.60%
Enterprise Value: $3.96B

MGEE Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$714.52M	$690.43M	$676.94M	$743.65M
Cost of Revenue	$470.60M	$421.39M	$398.12M	$434.76M
Gross Profit	$243.92M	$269.04M	$278.83M	$308.90M
Operating Expenses	$106.18M	$122.66M	$132.57M	$138.24M
Operating Income	$137.74M	$146.38M	$146.26M	$170.65M
EBITDA	$249.37M	$276.28M	$272.68M	$304.78M
Pretax Income	$137.18M	$145.50M	$131.16M	$156.65M
Income Tax	$26.22M	$27.80M	$10.60M	$20.77M
Net Income	$110.95M	$117.70M	$120.57M	$135.89M
Diluted EPS	3.07	3.25	3.33	3.72
Diluted Shares	36.17M	36.19M	36.24M	36.57M

MGEE Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$11.60M	$11.14M	$21.30M	$5.67M
Receivables	$109.91M	$95.53M	$97.18M	$113.31M
Inventory	$74.28M	$72.65M	$67.64M	$64.18M
Current Assets	$243.48M	$238.20M	$227.26M	$228.55M
Total Assets	$2.52B	$2.68B	$2.83B	$3.16B
Current Liabilities	$225.06M	$157.16M	$125.56M	$296.71M
Long-Term Debt	$585.25M	$718.82M	$763.70M	$792.21M
Total Debt	$727.17M	$780.01M	$768.98M	$908.37M
Total Liabilities	$1.44B	$1.54B	$1.60B	$1.85B
Retained Earnings	$649.85M	$707.16M	$764.13M	$832.43M
Shareholders' Equity	$1.08B	$1.14B	$1.23B	$1.30B
Working Capital	$18.42M	$81.04M	$101.70M	-$68.16M
Net Debt	$698.46M	$750.83M	$747.68M	$902.70M

MGEE Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$153.74M	$237.56M	$277.78M	$263.23M
Capital Expenditure	-$175.03M	-$222.07M	-$236.93M	-$343.22M
Free Cash Flow	-$21.30M	$15.49M	$40.86M	-$79.99M
Depreciation & Amortisation	$85.55M	$100.35M	$108.58M	$114.32M
Investing Cash Flow	-$180.15M	-$230.02M	-$241.49M	-$350.56M
Financing Cash Flow	$25.54M	-$10.48M	-$26.83M	$71.57M
Dividends Paid	-$57.50M	-$60.39M	-$63.60M	-$67.59M
Net Change in Cash	-$867.00K	-$2.94M	$9.47M	-$15.76M

MGEE Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$218.97M	$159.45M	$175.68M	$189.55M	$242.70M
Cost of Revenue	$132.47M	$90.94M	$89.67M	$121.67M	$155.17M
Gross Profit	$86.50M	$68.51M	$86.01M	$67.88M	$87.54M
Operating Expenses	$33.63M	$34.28M	$34.94M	$35.39M	$34.38M
Operating Income	$52.87M	$34.22M	$51.08M	$32.49M	$53.15M
EBITDA	$83.15M	$66.28M	$89.78M	$65.57M	$92.23M
Pretax Income	$47.89M	$29.47M	$52.29M	$27.01M	$54.34M
Income Tax	$6.30M	$2.98M	$7.79M	$3.71M	$5.86M
Net Income	$41.59M	$26.50M	$44.50M	$23.30M	$48.48M
Diluted EPS	1.14	0.72	1.22	0.64	1.32
Diluted Shares	36.54M	36.57M	36.58M	36.58M	36.62M

MGEE Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$35.31M	$10.57M	$10.14M	$5.67M	$9.47M
Receivables	$90.59M	$83.36M	$81.20M	$113.31M	$102.72M
Inventory	$61.72M	$66.21M	$68.13M	$64.18M	$58.84M
Current Assets	$222.35M	$198.25M	$195.03M	$228.55M	$211.13M
Total Assets	$2.84B	$2.86B	$2.99B	$3.16B	$3.19B
Current Liabilities	$107.52M	$109.84M	$215.11M	$296.71M	$183.16M
Long-Term Debt	$762.49M	$761.27M	$745.05M	$792.21M	$880.34M
Total Debt	$767.81M	$772.13M	$841.44M	$908.37M	$941.07M
Total Liabilities	$1.58B	$1.59B	$1.69B	$1.85B	$1.84B
Retained Earnings	$789.30M	$799.35M	$826.49M	$832.43M	$863.55M
Shareholders' Equity	$1.26B	$1.27B	$1.30B	$1.30B	$1.35B
Working Capital	$114.83M	$88.42M	-$20.09M	-$68.16M	$27.97M
Net Debt	$732.51M	$761.56M	$831.30M	$902.70M	$931.60M

MGEE Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$77.86M	$56.09M	$94.82M	$34.46M	$80.69M
Capital Expenditure	-$47.65M	-$64.10M	-$143.87M	-$87.60M	-$101.14M
Free Cash Flow	$30.21M	-$8.01M	-$49.05M	-$53.13M	-$20.45M
Depreciation & Amortisation	$27.68M	$28.35M	$28.82M	$29.48M	$28.09M
Investing Cash Flow	-$50.59M	-$67.66M	-$143.59M	-$88.72M	-$105.46M
Financing Cash Flow	-$15.11M	-$11.95M	$49.66M	$48.97M	$28.52M
Dividends Paid	-$16.43M	-$16.44M	-$17.36M	-$17.36M	-$17.37M
Net Change in Cash	$12.16M	-$23.52M	$884.00K	-$5.28M	$3.75M

Market Snapshot

About

MGE Energy Inc. is a utility holding company based in Wisconsin, primarily operating through subsidiary Madison Gas and Electric. The company provides regulated electric and natural gas service to customers in south-central Wisconsin, focusing on reliable energy delivery and renewable energy integration.