What is MGE Energy Inc's earnings per share (EPS)?

MGE Energy Inc (MGEE) reported diluted earnings per share of $3.72 for fiscal year 2025. This represents a 11.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

MGE Energy Inc (MGEE) Financials

MGEE

FY2025 annual

Net Income $135.9M +12.7% YoY

EPS (Diluted) $3.72 +11.7% YoY

Free Cash Flow -$80.0M -295.8% YoY

Operating Cash Flow $263.2M -5.2% YoY

Market Cap $2.9B as of Sep 12, 2026

Price / Sales n/m no revenue reported

Price / Earnings 21.3x on $135.9M net income, FY2025

Price / Book 2.1x on $1.3B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MGEE SEC filings page.

This page shows MGE Energy Inc (MGEE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MGEE FY2025 2026-08-29

MGE Energy’s dominant mechanic is capital-intensive expansion that can turn accounting earnings into uneven free cash flow.

Cash conversion depends on investment timing, not simply reported profitability: in FY2025, operating cash flow was $263M against $343M of capital spending, producing free cash flow of -$80M, whereas FY2024 produced $41M of free cash flow on $278M of operating cash flow. Net income still rose to $136M in FY2025, so the cash shortfall reflects heavier reinvestment rather than an earnings collapse.

The asset base expanded faster than the financing burden alone suggests: total assets increased from $2.4B in FY2021 to $3.2B in FY2025, while long-term debt rose from $614M to $792M. Equity also grew to $1.3B, indicating that expansion has been funded through a combination of retained capital and borrowing.

Short-term balance-sheet flexibility weakened sharply in FY2025. Current assets stayed near $229M, but current liabilities reached $297M, pushing the current ratio from 1.8x in FY2024 to 0.8x; this makes working-capital management more consequential even as debt-to-equity remained broadly stable at 0.6x.

Financial Health Signals

Financial health score not available

MGE Energy Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

5/7

MGE Energy Inc passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

1.94x

For every $1 of reported earnings, MGE Energy Inc generates $1.94 in operating cash flow ($263.2M OCF vs $135.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

5.05x

MGE Energy Inc earns $5.05 in operating income for every $1 of interest expense ($170.7M vs $33.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Earnings & Revenue

Net Income

$48.5M

YoY+16.6%

MGE Energy Inc reported $48.5M in net income in Q1 2026. This represents an increase of 16.6% from the same quarter a year earlier.

EPS (Diluted)

$1.32

YoY+15.8%

QoQ+106.3%

5Y CAGR+6.4%

MGE Energy Inc earned $1.32 per diluted share (EPS) in Q1 2026. This represents an increase of 15.8% from the same quarter a year earlier. Against the prior quarter it is up 106.3%.

Revenue

Not reported for Q1 2026.

EBITDA

Not reported for Q1 2026.

Cash & Balance Sheet

Free Cash Flow

-$20.4M

YoY-167.7%

QoQ+61.5%

MGE Energy Inc recorded an outflow of $20.4M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents a decrease of 167.7% from the same quarter a year earlier. Against the prior quarter it is up 61.5%.

Cash & Debt

$9.5M

YoY-73.2%

QoQ+67.1%

5Y CAGR-25.1%

10Y CAGR-20.8%

MGE Energy Inc held $9.5M in cash against $880.3M in long-term debt as of Q1 2026.

Dividends Per Share

$0.47

YoY+5.6%

QoQ0.0%

5Y CAGR+5.1%

10Y CAGR+4.9%

MGE Energy Inc paid $0.47 per share in dividends in Q1 2026. This represents an increase of 5.6% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

37M

YoY+0.6%

QoQ+0.5%

5Y CAGR+0.3%

10Y CAGR+0.6%

MGE Energy Inc had 37M shares outstanding in Q1 2026. This represents an increase of 0.6% from the same quarter a year earlier. Against the prior quarter it is up 0.5%.

Margins & Returns

Return on Equity

3.6%

YoY+0.3pp

MGE Energy Inc's ROE was 3.6% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the same quarter a year earlier.

Gross Margin

Not reported for Q1 2026.

Operating Margin

Not reported for Q1 2026.

Net Margin

Not reported for Q1 2026.

Capital Allocation

Capital Expenditures

$101.1M

YoY+112.2%

QoQ+15.5%

5Y CAGR+23.8%

10Y CAGR+20.5%

MGE Energy Inc invested $101.1M in capex in Q1 2026, funding long-term assets and infrastructure. This represents an increase of 112.2% from the same quarter a year earlier. Against the prior quarter it is up 15.5%.

R&D Spending

Not reported for Q1 2026.

Share Buybacks

Not reported for Q1 2026.

MGEE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MGEE quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Income	N/A	$170.7M+16.7%	$146.3M-0.1%	$146.4M+6.3%	$137.7M+17.4%	$117.3M+6.6%	$110.0M-0.8%	$110.9M-2.9%	$114.2M-8.4%	$124.6M+0.6%	$123.9M-0.3%	$124.3M-10.0%	$138.1M+7.9%	$128.0M+13.5%	$112.8M+4.5%	$107.9M
Interest Expense	N/A	-$33.8M-2.6%	-$32.9M-8.2%	-$30.4M-14.2%	-$26.6M-10.5%	-$24.1M-2.5%	-$23.5M-2.0%	-$23.1M-17.6%	-$19.6M-1.5%	-$19.3M+2.7%	-$19.9M+1.5%	-$20.2M-2.5%	-$19.7M-4.0%	-$18.9M-197.2%	$19.5M-3.4%	$20.2M
Income Tax	N/A	$20.8M+96.0%	$10.6M-61.9%	$27.8M+6.0%	$26.2M+537.3%	$4.1M-78.8%	$19.4M-1.8%	$19.8M-27.9%	$27.4M+24.2%	$22.1M-48.0%	$42.5M+2.8%	$41.4M-14.2%	$48.2M+7.4%	$44.9M+15.3%	$38.9M+8.1%	$36.0M
Net Income	N/A	$135.9M+12.7%	$120.6M+2.4%	$117.7M+6.1%	$111.0M+4.9%	$105.8M+14.4%	$92.4M+6.4%	$86.9M+3.2%	$84.2M-13.7%	$97.6M+29.2%	$75.6M+5.9%	$71.3M-11.2%	$80.3M+7.2%	$74.9M+16.2%	$64.4M+5.8%	$60.9M
EPS (Basic)	N/A	$3.72+11.7%	$3.33+2.5%	$3.25+5.9%	$3.07+5.1%	$2.92+12.3%	$2.60+3.6%	$2.51	N/A	N/A	N/A	N/A	N/A	N/A	$2.79+5.7%	$2.64
EPS (Diluted)	$3.90	$3.72+11.7%	$3.33+2.5%	$3.25+5.9%	$3.07+5.1%	$2.92+12.3%	$2.60+3.6%	$2.51	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	37M+0.9%	36M+0.1%	36M0.0%	36M0.0%	36M+1.6%	36M+2.7%	35M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Income	$53.2M+0.5%	N/A	$51.1M+6.1%	$34.2M+15.1%	$52.9M+29.7%	N/A	$48.1M+9.9%	$29.7M-22.5%
Interest Expense	-$9.8M-29.3%	N/A	-$8.7M-3.3%	-$8.5M-1.6%	-$7.6M+5.3%	N/A	-$8.4M-9.7%	-$8.3M-7.3%
Income Tax	$5.9M-7.0%	N/A	$7.8M+113.7%	$3.0M+102.1%	$6.3M+124.2%	N/A	$3.6M-58.7%	$1.5M-78.6%
Net Income	$48.5M+16.6%	N/A	$44.5M+8.7%	$26.5M+11.4%	$41.6M+23.0%	N/A	$40.9M+8.1%	$23.8M-17.0%
EPS (Basic)	$1.32+15.8%	$0.64+4.9%	$1.22+8.0%	$0.73+10.6%	$1.14+22.6%	$0.61+10.9%	$1.13+7.6%	$0.66-16.5%
EPS (Diluted)	$1.32+15.8%	$0.64+4.9%	$1.22+8.0%	$0.72+9.1%	$1.14+22.6%	$0.61+10.9%	$1.13+7.6%	$0.66-16.5%
Diluted Shares (Avg)	37M+0.2%	N/A	37M+1.0%	37M+1.0%	37M+1.0%	N/A	36M+0.1%	36M0.0%

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EBITDA.

MGEE Balance Sheet

MGEE quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$3.2B+11.6%	$2.8B+5.7%	$2.7B+6.3%	$2.5B+6.1%	$2.4B+5.2%	$2.3B+8.3%	$2.1B+4.7%	$2.0B+7.2%	$1.9B+3.0%	$1.8B+4.3%	$1.7B+2.2%	$1.7B+7.0%	$1.6B-0.5%	$1.6B+8.8%	$1.5B
Current Assets	$228.5M+0.6%	$227.3M-4.6%	$238.2M-2.2%	$243.5M+22.1%	$199.4M-4.8%	$209.5M+15.3%	$181.6M-24.5%	$240.6M-17.2%	$290.6M+5.5%	$275.5M+8.2%	$254.8M+1.7%	$250.5M+13.5%	$220.6M-1.0%	$222.9M+17.9%	$189.1M
Cash & Equivalents	$5.7M-73.4%	$21.3M+91.2%	$11.1M-4.0%	$11.6M-33.5%	$17.4M-61.0%	$44.7M+90.5%	$23.5M-71.7%	$83.1M-23.0%	$108.0M+12.5%	$96.0M+17.9%	$81.4M+23.8%	$65.8M-4.4%	$68.8M+48.4%	$46.4M+12.6%	$41.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$57.6M+12.2%	$51.3M+9.7%	$46.7M-15.7%	$55.4M+19.9%	$46.2M+11.6%	$41.4M+2.2%	$40.5M-7.1%	$43.6M+3.1%	$42.3M+6.0%	$39.9M+7.5%	$37.1M-10.8%	$41.6M-7.3%	$44.9M+8.5%	$41.4M+12.6%	$36.7M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.9B+15.9%	$1.6B+4.1%	$1.5B+6.9%	$1.4B+6.8%	$1.3B+5.2%	$1.3B+4.2%	$1.2B+4.6%	$1.2B+8.8%	$1.1B0.0%	$1.1B+4.0%	$1.0B+0.6%	$1.0B+7.1%	$961.5M-4.6%	$1.0B+11.0%	$907.9M
Current Liabilities	$296.7M+136.3%	$125.6M-20.1%	$157.2M-30.2%	$225.1M+91.0%	$117.8M-38.3%	$190.9M+48.2%	$128.8M+6.8%	$120.6M-4.7%	$126.5M+22.2%	$103.5M+23.0%	$84.1M-6.5%	$90.0M-6.9%	$96.7M+27.5%	$75.8M+20.2%	$63.1M
Non-Current Liabilities	$762.6M+7.6%	$708.6M+7.5%	$659.4M+5.4%	$625.6M+2.2%	$612.4M+7.9%	$567.4M-1.0%	$573.4M+2.8%	$558.0M+1.0%	$552.3M-6.5%	$590.7M+4.5%	$565.1M+2.8%	$549.5M+18.1%	$465.5M-18.8%	$573.2M+18.4%	$484.0M
Long-Term Debt	$792.2M+3.7%	$763.7M+6.2%	$718.8M+22.8%	$585.2M-4.7%	$614.2M+18.3%	$519.3M-0.8%	$523.7M+6.2%	$493.3M+23.9%	$398.2M+4.0%	$382.8M-1.0%	$386.7M-2.2%	$395.3M-1.0%	$399.4M+11.4%	$358.5M-0.7%	$360.9M
Total Equity	$1.3B+6.0%	$1.2B+7.9%	$1.1B+5.4%	$1.1B+5.3%	$1.0B+5.3%	$976.0M+14.1%	$855.7M+4.8%	$816.6M+4.9%	$778.2M+7.5%	$724.1M+4.9%	$690.5M+4.7%	$659.4M+6.8%	$617.5M+6.6%	$579.4M+5.2%	$551.0M
Retained Earnings	$832.4M+8.9%	$764.1M+8.1%	$707.2M+8.8%	$649.9M+9.0%	$596.4M+9.3%	$545.4M+8.1%	$504.7M+8.4%	$465.7M+9.1%	$426.9M+14.5%	$372.9M+10.0%	$339.2M+10.1%	$308.0M+15.7%	$266.2M+16.5%	$228.4M+8.0%	$211.5M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$3.2B+12.1%	$3.2B+11.6%	$3.0B+8.8%	$2.9B+5.0%	$2.8B+6.3%	$2.8B+5.7%	$2.7B+6.1%	$2.7B+6.4%
Current Assets	$211.1M-5.0%	$228.5M+0.6%	$195.0M-7.3%	$198.3M-10.8%	$222.3M+0.3%	$227.3M-4.6%	$210.3M-2.8%	$222.2M-0.1%
Cash & Equivalents	$9.5M-73.2%	$5.7M-73.4%	$10.1M-31.8%	$10.6M-35.0%	$35.3M+111.6%	$21.3M+91.2%	$14.9M+32.0%	$16.3M-1.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$59.0M+11.2%	$57.6M+12.2%	$41.5M-7.0%	$43.3M+0.8%	$53.1M+17.1%	$51.3M+9.7%	$44.6M+1.8%	$43.0M+4.7%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.8B+16.0%	$1.9B+15.9%	$1.7B+8.9%	$1.6B+2.2%	$1.6B+4.4%	$1.6B+4.1%	$1.6B+6.8%	$1.6B+7.6%
Current Liabilities	$183.2M+70.4%	$296.7M+136.3%	$215.1M+43.8%	$109.8M-34.7%	$107.5M-23.0%	$125.6M-20.1%	$149.6M+21.8%	$168.1M+5.4%
Non-Current Liabilities	$772.8M+8.5%	$762.6M+7.6%	$732.9M+6.3%	$719.5M+7.0%	$712.5M+8.3%	$708.6M+7.5%	$689.2M+7.3%	$672.5M+5.7%
Long-Term Debt	$880.3M+15.5%	$792.2M+3.7%	$745.0M+4.2%	$761.3M+6.3%	$762.5M+6.2%	$763.7M+6.2%	$715.3M+3.7%	$716.5M+9.9%
Total Equity	$1.3B+7.2%	$1.3B+6.0%	$1.3B+8.6%	$1.3B+8.8%	$1.3B+8.6%	$1.2B+7.9%	$1.2B+5.3%	$1.2B+4.9%
Retained Earnings	N/A	$832.4M+8.9%	N/A	N/A	N/A	$764.1M+8.1%	N/A	N/A

Not reported in any period shown, so not listed: Inventory, Goodwill.

MGEE Cash Flow Statement

MGEE quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$266.1M	$263.2M-5.2%	$277.8M+16.9%	$237.6M+54.5%	$153.7M+11.8%	$137.5M-20.2%	$172.4M+32.2%	$130.5M-14.7%	$153.0M+16.5%	$131.4M-11.2%	$147.9M+4.7%	$141.2M+9.6%	$128.8M-8.2%	$140.3M-3.9%	$146.0M+11.6%	$130.8M
Stock-Based Compensation	N/A	$3.3M-26.7%	$4.5M+66.7%	$2.7M+107.7%	$1.3M-55.2%	$2.9M+123.1%	$1.3M-56.7%	$3.0M+172.7%	$1.1M+10.0%	$1.0M-67.7%	$3.1M+210.0%	$1.0M-50.0%	$2.0M+33.3%	$1.5M+7.1%	$1.4M0.0%	$1.4M
Capital Expenditures	$396.7M	$343.2M+44.9%	$236.9M+6.7%	$222.1M+26.9%	$175.0M+14.3%	$153.2M-24.6%	$203.1M+23.8%	$164.0M-22.7%	$212.2M+96.2%	$108.1M+29.3%	$83.7M+16.1%	$72.0M-22.3%	$92.7M-22.2%	$119.0M+20.9%	$98.4M+51.0%	$65.2M
Free Cash Flow	-$130.6M	-$80.0M-295.8%	$40.9M+163.8%	$15.5M+172.7%	-$21.3M-36.1%	-$15.6M+49.0%	-$30.7M+8.5%	-$33.6M+43.3%	-$59.2M-354.5%	$23.2M-63.8%	$64.2M-7.2%	$69.2M+91.6%	$36.1M+70.1%	$21.2M-55.4%	$47.6M-27.5%	$65.6M
Investing Cash Flow	-$405.4M	-$350.6M-45.2%	-$241.5M-5.0%	-$230.0M-27.7%	-$180.1M-14.8%	-$157.0M+25.4%	-$210.4M-22.1%	-$172.4M+21.1%	-$218.3M-87.8%	-$116.3M-33.9%	-$86.8M-18.4%	-$73.3M+23.8%	-$96.2M+21.1%	-$121.9M-20.3%	-$101.4M-52.8%	-$66.4M
Financing Cash Flow	$115.2M	$71.6M+366.8%	-$26.8M-155.9%	-$10.5M-141.0%	$25.5M+391.7%	-$8.8M-114.8%	$59.2M+443.5%	-$17.2M-145.2%	$38.1M+922.1%	-$4.6M+89.9%	-$46.1M+11.7%	-$52.2M-46.5%	-$35.7M-967.5%	$4.1M+110.4%	-$39.5M-30.0%	-$30.4M
Dividends Paid	$68.5M	$67.6M+6.3%	$63.6M+5.3%	$60.4M+5.0%	$57.5M+4.9%	$54.8M+5.9%	$51.7M+8.1%	$47.8M+4.5%	$45.8M+4.8%	$43.7M+4.6%	$41.8M+4.3%	$40.0M+4.2%	$38.4M+3.6%	$37.1M+3.2%	$36.0M+2.6%	$35.0M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$80.7M+3.6%	$34.5M-49.3%	$94.8M+19.4%	$56.1M-13.2%	$77.9M+18.3%	$67.9M+56.1%	$79.4M+18.4%	$64.6M-9.0%
Stock-Based Compensation	$1.1M-8.3%	N/A	$800K-33.3%	$500K-28.6%	$1.2M0.0%	N/A	$1.2M+1100.0%	$700K0.0%
Capital Expenditures	$101.1M+112.2%	$87.6M+20.2%	$143.9M+174.3%	$64.1M-4.1%	$47.7M+6.4%	$72.9M+1.5%	$52.4M+23.1%	$66.9M+11.1%
Free Cash Flow	-$20.4M-167.7%	-$53.1M-981.5%	-$49.1M-281.9%	-$8.0M-258.8%	$30.2M+43.6%	-$4.9M+82.6%	$27.0M+10.3%	-$2.2M-120.6%
Investing Cash Flow	-$105.5M-108.4%	-$88.7M-20.1%	-$143.6M-165.4%	-$67.7M-0.9%	-$50.6M-9.0%	-$73.9M-0.5%	-$54.1M-20.9%	-$67.1M-7.9%
Financing Cash Flow	$28.5M+288.8%	$49.0M+307.4%	$49.7M+287.9%	-$12.0M-737.8%	-$15.1M-5.7%	$12.0M-58.3%	-$26.4M+3.4%	$1.9M+126.1%
Dividends Paid	$17.4M+5.7%	$17.4M+5.9%	$17.4M+6.6%	$16.4M+6.3%	$16.4M+6.3%	$16.4M+6.0%	$16.3M+5.3%	$15.5M+5.0%

Not reported in any period shown, so not listed: Depreciation & Amortization, Share Buybacks.

MGEE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MGEE quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Return on Equity	10.4%+0.6pp	9.8%-0.5pp	10.3%+0.1pp	10.3%0.0pp	10.3%+0.8pp	9.5%-0.7pp	10.2%-0.2pp	10.3%-2.2pp	12.5%+2.1pp	10.4%+0.1pp	10.3%-1.9pp	12.2%+0.1pp	12.1%+1.0pp	11.1%+0.1pp	11.1%
Return on Assets	4.3%+0.1pp	4.3%-0.1pp	4.4%0.0pp	4.4%-0.1pp	4.5%+0.4pp	4.1%-0.1pp	4.2%-0.1pp	4.2%-1.0pp	5.3%+1.1pp	4.2%+0.1pp	4.1%-0.6pp	4.8%0.0pp	4.7%+0.7pp	4.1%-0.1pp	4.2%
Current Ratio	0.77-1.0x	1.81+0.3x	1.52+0.4x	1.08-0.6x	1.69+0.6x	1.10-0.3x	1.41-0.6x	1.99-0.3x	2.30-0.4x	2.66-0.4x	3.03+0.2x	2.78+0.5x	2.28-0.7x	2.94-0.1x	3.00
Debt-to-Equity	0.610.0x	0.620.0x	0.63+0.1x	0.54-0.1x	0.60+0.1x	0.53-0.1x	0.610.0x	0.60+0.1x	0.510.0x	0.530.0x	0.560.0x	0.600.0x	0.650.0x	0.620.0x	0.66

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Return on Equity	3.6%+0.3pp	N/A	3.4%0.0pp	2.1%0.0pp	3.3%+0.4pp	N/A	3.4%+0.1pp	2.0%-0.5pp
Return on Assets	1.5%+0.1pp	N/A	1.5%0.0pp	0.9%+0.1pp	1.5%+0.2pp	N/A	1.5%0.0pp	0.9%-0.3pp
Current Ratio	1.15-0.9x	0.77-1.0x	0.91-0.5x	1.80+0.5x	2.07+0.5x	1.81+0.3x	1.41-0.4x	1.32-0.1x
Debt-to-Equity	0.650.0x	0.610.0x	0.570.0x	0.600.0x	0.610.0x	0.620.0x	0.600.0x	0.610.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.

Note: The current ratio is below 1.0 (0.77), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
MGE Energy Inc MGEE	FY2025	N/A	$135.9M	N/A	$2.9B	—
NorthWestern Energy Group, Inc. NWE	FY2025	$1.6B	$181.1M	11.2%	$4.3B	50/100
Hawaiian Electric Industries, Inc. HE	FY2025	$3.1B	$123.1M	4.0%	$1.8B	44/100
Enel Chile S.A. American ENIC	FY2025	$4.5B	$584.9M	13.0%	$6.1B	42/100
Portland General Electric Company POR	FY2025	$3.6B	$306.0M	8.6%	$5.7B	61/100
IDACORP, Inc. IDA	FY2025	$1.7B	$323.5M	18.5%	$7.8B	53/100

Where MGE Energy Inc Ranks

Frequently Asked Questions

Is MGE Energy Inc profitable?

Yes, MGE Energy Inc (MGEE) reported a net income of $135.9M in fiscal year 2025.

How much debt does MGE Energy Inc have?

As of fiscal year 2025, MGE Energy Inc (MGEE) had $5.7M in cash and equivalents against $792.2M in long-term debt.

Does MGE Energy Inc pay dividends?

Yes, MGE Energy Inc (MGEE) paid $1.85 per share in dividends during fiscal year 2025.

What is MGE Energy Inc's return on equity (ROE)?

MGE Energy Inc (MGEE) has a return on equity of 10.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is MGE Energy Inc's free cash flow?

MGE Energy Inc (MGEE) recorded an outflow of $80.0M in free cash flow during fiscal year 2025. This represents a -295.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is MGE Energy Inc's operating cash flow?

MGE Energy Inc (MGEE) generated $263.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are MGE Energy Inc's total assets?

MGE Energy Inc (MGEE) had $3.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are MGE Energy Inc's capital expenditures?

MGE Energy Inc (MGEE) invested $343.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does MGE Energy Inc have outstanding?

MGE Energy Inc (MGEE) had 37M shares outstanding as of fiscal year 2025.

What is MGE Energy Inc's current ratio?

MGE Energy Inc (MGEE) had a current ratio of 0.77 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is MGE Energy Inc's debt-to-equity ratio?

MGE Energy Inc (MGEE) had a debt-to-equity ratio of 0.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is MGE Energy Inc's return on assets (ROA)?

MGE Energy Inc (MGEE) had a return on assets of 4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is MGE Energy Inc's P/E ratio?

MGE Energy Inc (MGEE) trades at 21.3x earnings, its market capitalization divided by net income of $135.9M net income, FY2025. The market capitalization is $2.9B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is MGE Energy Inc's price-to-sales ratio?

MGE Energy Inc (MGEE) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $2.9B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is MGE Energy Inc's Piotroski F-Score?

MGE Energy Inc (MGEE) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are MGE Energy Inc's earnings high quality?

MGE Energy Inc (MGEE) has an earnings quality ratio of 1.94x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can MGE Energy Inc cover its interest payments?

MGE Energy Inc (MGEE) has an interest coverage ratio of 5.05x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.