MGEE
MGE Energy Inc
NASDAQ: MGEE · UTILITIES · UTILITIES - REGULATED ELECTRIC
$78.75
-2.80% today
Updated 2026-04-29
Market cap
$2.89B
P/E ratio
21.17
P/S ratio
3.98x
EPS (TTM)
$3.72
Dividend yield
2.28%
52W range
$72 – $92
Volume
0.2M
MGE Energy Inc (MGEE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2015 | 2015 | 2016 | 2016 | 2017 | 2017 | 2018 | 2018 | 2019 | 2019 | 2020 | 2020 | 2021 | 2021 | 2022 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $564.03M | $564.03M | $544.75M | $544.75M | $563.10M | $563.10M | $559.77M | $559.77M | $568.86M | $568.86M | $538.63M | $538.63M | $606.58M | $606.58M | $714.52M | $714.52M | $690.43M | $690.43M | $676.94M | $743.65M |
| Revenue growth (YoY) | — | +0.0% | -3.4% | +0.0% | +3.4% | +0.0% | -0.6% | +0.0% | +1.6% | +0.0% | -5.3% | +0.0% | +12.6% | +0.0% | +17.8% | +0.0% | -3.4% | +0.0% | -2.0% | +9.9% |
| Cost of revenue | $375.67M | $375.67M | $351.81M | $351.81M | $361.99M | $361.99M | $369.74M | $369.74M | $365.64M | $366.52M | $334.69M | $334.69M | $393.03M | $393.03M | $470.60M | $470.60M | $421.39M | $421.39M | $398.12M | $20.00M |
| Gross profit | $188.36M | $188.36M | $192.94M | $192.94M | $201.11M | $201.11M | $190.03M | $190.03M | $203.21M | $202.33M | $203.94M | $203.94M | $213.55M | $213.55M | $243.92M | $243.92M | $269.04M | $269.04M | $278.83M | $723.65M |
| Gross margin | 33.4% | 33.4% | 35.4% | 35.4% | 35.7% | 35.7% | 33.9% | 33.9% | 35.7% | 35.6% | 37.9% | 37.9% | 35.2% | 35.2% | 34.1% | 34.1% | 39.0% | 39.0% | 41.2% | 97.3% |
| R&D | $0.00 | — | $0.00 | — | $0.00 | — | $0.00 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $19.88M | — | $20.06M | — | $19.29M | — | $19.41M | — | $19.86M | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | $124.25M | $124.25M | $128.23M | $128.23M | $128.74M | $128.74M | $114.21M | $114.21M | $111.79M | $110.91M | $110.00M | $110.00M | $117.29M | $117.29M | $137.74M | $137.74M | $146.38M | $146.38M | $146.26M | $170.65M |
| Operating margin | 22.0% | 22.0% | 23.5% | 23.5% | 22.9% | 22.9% | 20.4% | 20.4% | 19.7% | 19.5% | 20.4% | 20.4% | 19.3% | 19.3% | 19.3% | 19.3% | 21.2% | 21.2% | 21.6% | 22.9% |
| EBITDA | $177.09M | $177.09M | $182.59M | $182.59M | $192.10M | $192.10M | $187.67M | $187.67M | $194.06M | $201.28M | $209.55M | $209.55M | $210.97M | $210.97M | $249.37M | $249.37M | $276.28M | $276.28M | $272.68M | $304.78M |
| EBITDA margin | 31.4% | 31.4% | 33.5% | 33.5% | 34.1% | 34.1% | 33.5% | 33.5% | 34.1% | 35.4% | 38.9% | 38.9% | 34.8% | 34.8% | 34.9% | 34.9% | 40.0% | 40.0% | 40.3% | 41.0% |
| EBIT | $132.87M | $132.87M | $137.94M | $137.94M | $139.02M | $139.02M | $131.26M | $131.26M | $111.79M | $129.72M | $110.00M | $135.36M | $117.29M | $133.99M | $137.74M | $163.82M | $175.93M | $175.93M | $164.09M | $190.45M |
| Interest expense | $20.16M | $20.16M | $19.87M | $19.87M | $19.32M | $19.32M | $19.61M | $19.61M | $24.30M | $23.06M | $23.52M | $23.52M | $24.11M | $24.11M | $26.65M | $26.65M | $30.43M | $30.43M | $32.93M | $33.80M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $71.34M | $71.34M | $75.56M | $75.56M | $97.61M | $97.61M | $84.22M | $84.22M | $80.78M | $86.87M | $92.42M | $92.42M | $105.76M | $105.76M | $110.95M | $110.95M | $117.70M | $117.70M | $120.57M | $135.89M |
| Net income growth (YoY) | — | +0.0% | +5.9% | +0.0% | +29.2% | +0.0% | -13.7% | +0.0% | -4.1% | +7.5% | +6.4% | +0.0% | +14.4% | +0.0% | +4.9% | +0.0% | +6.1% | +0.0% | +2.4% | +12.7% |
| Profit margin | 12.6% | 12.6% | 13.9% | 13.9% | 17.3% | 17.3% | 15.0% | 15.0% | 14.2% | 15.3% | 17.2% | 17.2% | 17.4% | 17.4% | 15.5% | 15.5% | 17.0% | 17.0% | 17.8% | 18.3% |