MGE Energy, Inc. (MGEE) Stock Analysis
Utilities · Utilities - Regulated Electric · NasdaqGS
MGE Energy, Inc. (MGEE) posted $743.65M in revenue for fiscal 2025 (up 9.9% year over year), at a 18.3% net margin, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on MGE Energy, Inc.
MGE Energy, Inc. has grown revenue from $0 to $743.65M over the last 10 fiscal years. The most recent year was up 9.9%.
Net margin sits at 18.3%, up 0.5 points year over year. It carries about $886.73M of total debt.
Synthesised from MGE Energy, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
MGE Energy, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $714.52M | $690.43M | $676.94M | $743.65M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $75.56M | $97.61M | $84.22M | $86.87M | $92.42M | $105.76M | $110.95M | $117.70M | $120.57M | $135.89M |
| Net margin | — | — | — | — | — | — | 15.5% | 17.0% | 17.8% | 18.3% |
Source: MGE Energy, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
MGE Energy, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
Explore 18 years of MGE Energy, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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MGE Energy, Inc. financial history by metric
Compare MGE Energy, Inc. with peers
About MGE Energy, Inc.
MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity; purchases and distributes natural gas; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services. It also generates electricity from coal-fired, gas-fired, and renewable energy sources and provides solar and wind generation, and battery storage services. As of December 31, 2025, the company owned and operated 811 miles of overhead electric distribution lines; 1,386 miles of underground electric distribution cables; 47 substations with an installed capacity of 1.2 million kVA; and gas facilities, including 3,117 miles of distribution mains, as well as supplied electric service to approximately 170,000 customers. MGE Energy, Inc. was incorporated in 2001 and is headquartered in Madison, Wisconsin.
MGE Energy, Inc. — frequently asked questions
What is MGE Energy, Inc.'s revenue?
MGE Energy, Inc. (MGEE) reported revenue of $743.65M for fiscal year 2025, up 9.9% from the prior year, according to its SEC filings.
Is MGE Energy, Inc. profitable?
Yes. MGEE earned net income of $135.89M in fiscal 2025, a net margin of 18.3%.
What is MGEE's P/E ratio?
MGE Energy, Inc. trades at a price-to-earnings ratio of about 19.9 based on the latest data in our nightly-refreshed cache.
How much debt does MGE Energy, Inc. have?
As of fiscal year 2025, MGEE carried roughly $886.73M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is MGE Energy, Inc.'s market cap?
MGE Energy, Inc. (MGEE) has a market capitalization of about $2.94B, based on the latest data in our nightly-refreshed cache.
When does MGE Energy, Inc.'s fiscal year end?
MGEE's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from MGE Energy, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.