MGE Energy financials
$69.24+0.45%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $743.7M | $676.9M | $690.4M | $714.5M | $606.6M | $538.6M | $568.9M | $559.8M | $563.1M | $544.7M |
| Gross profit | $616.6M | $561.4M | $542.6M | $515.1M | $467.5M | $432.1M | $447.6M | $424.0M | $427.8M | $421.7M |
| Gross margin | 82.9% | 82.9% | 78.6% | 72.1% | 77.1% | 80.2% | 78.7% | 75.7% | 76.0% | 77.4% |
| Operating income | $170.7M | $146.3M | $146.4M | $137.7M | $117.3M | $110.0M | $110.9M | $114.2M | $124.6M | $123.9M |
| Net income | $135.9M | $120.6M | $117.7M | $111.0M | $105.8M | $92.4M | $86.9M | $84.2M | $97.6M | $75.6M |
| Net margin | 18.3% | 17.8% | 17.0% | 15.5% | 17.4% | 17.2% | 15.3% | 15.0% | 17.3% | 13.9% |
| Diluted EPS | $3.72 | $3.33 | $3.25 | $3.07 | $2.92 | $2.60 | $2.51 | $2.43 | $2.82 | $2.18 |
| EBITDA | $285.0M | $254.8M | $246.7M | $223.3M | $194.3M | $184.2M | $182.5M | $170.6M | $177.7M | $168.5M |
| Operating cash flow | $263.2M | $277.8M | $237.6M | $153.7M | $137.5M | $172.4M | $130.5M | $153.0M | $131.4M | $147.9M |
| Free cash flow | -$80.0M | $40.9M | $15.5M | -$21.3M | -$15.6M | -$30.7M | -$33.6M | -$59.2M | $23.2M | $64.2M |
| Diluted shares | 36.6M | 36.2M | 36.2M | 36.2M | 36.2M | 35.6M | 34.7M | 34.7M | 34.7M | 34.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $5.7M | $21.3M | $11.1M | $11.6M | $17.4M | $44.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $908.4M | $769.0M | $762.0M | $141.9M | $27.7M | $74.8M |
| Total assets | $3.16B | $2.83B | $2.68B | $2.52B | $2.37B | $2.25B |
| Total liabilities | $1.85B | $1.60B | $1.54B | $850.7M | $730.2M | $758.3M |
| Shareholders' equity | $1.30B | $1.23B | $1.14B | $1.67B | $1.64B | $1.50B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology