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MGE ENERGY INC

MGEE

$70.88 ▼ -1.76 (-2.42%) at close

19 Visible periods

23 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Neutral

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Analytical Summary

MGE ENERGY INC shows mixed fundamentals. Consider comparing against peers in the Energy sector before making investment decisions.

Market Cap $2.6B

Dividend Yield 2.61%

Revenue Growth —

Op. Margin —

ROIC 6.4% ↗

FCF / Share $-2.19 ↘

Trailing P/E 19.1x

Price / Book 2.0x

FCF Yield —

Debt / Equity 0.68

info Valuation on last close. End-of-day price, Sep 23, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$135.89M

↑ +12.7% —

FCF / Share Free cash flow per share

$-2.19

↓ -294.0% —

Long-Term Debt Long-term obligations

$792.21M

↑ +3.7% —

Health Breakdown

Returns →

Financial Health ↑

Cash Quality ↓

Dividend History

Dividend / share · sourced from SEC filings

$1.85 Latest / share

+5.1% YoY

+4.8% 12-yr CAGR

$1.11

FY 2014

$1.16

FY 2015

$1.21

FY 2016

$1.26

FY 2017

$1.32

FY 2018

$1.38

FY 2019

$1.45

FY 2020

$1.52

FY 2021

$1.59

FY 2022

$1.67

FY 2023

$1.76

FY 2024

$1.85

FY 2025

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
EPS Growth YoY (%)	11.7% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	2.5% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	5.9% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	5.1% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	12.3% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	5.7% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	5.6% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	13.1% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	-7.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	12.7% Fair ↑ Fair Improving Year-over-year change in net income	2.4% Caution ↓ Caution Declining Year-over-year change in net income	6.1% Fair ↓ Fair Declining Year-over-year change in net income	4.9% Caution ↓ Caution Declining Year-over-year change in net income	14.4% Fair ↑ Fair Improving Year-over-year change in net income	6.4% Fair → Fair Stable Year-over-year change in net income	3.2% Caution ↓ Caution Declining Year-over-year change in net income	-13.7% Weak ↓ Weak Declining Year-over-year change in net income	29.2% Excellent ↑ Excellent Improving Year-over-year change in net income	5.9% Fair ↑ Fair Improving Year-over-year change in net income	-11.2% Weak ↓ Weak Declining Year-over-year change in net income	7.2% Fair ↓ Fair Declining Year-over-year change in net income	16.2% Good ↑ Good Improving Year-over-year change in net income	5.8% Fair ↑ Fair Improving Year-over-year change in net income	5.6% Fair ↑ Fair Improving Year-over-year change in net income	13.2% Fair Fair Year-over-year change in net income	-3.4% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	N/M	163.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	N/M	-36.1% Weak Weak Year-over-year change in free cash flow	49.8% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	-27.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	2.6% Caution Caution Year-over-year change in free cash flow	59.7% Excellent Excellent Year-over-year change in free cash flow	N/M	—	—
EPS CAGR 3Y (%)	6.6% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	4.5% Caution Caution Compound annual EPS growth over 3 years	7.7% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—	8.1% Fair Fair Compound annual EPS growth over 3 years	3.5% Caution Caution Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
FCF / Net Income (x)	-0.59x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.34x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.13x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.19x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.15x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.33x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.39x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.70x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.24x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.85x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.97x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.45x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.28x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.74x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.08x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.11x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.78x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	-0.59x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%)	6.4% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	5.8% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.2% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	6.5% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.6% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.8% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.4% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.9% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	8.4% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	9.2% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	9.0% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.3% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	9.9% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	9.5% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	9.3% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	8.9% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	8.1% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	14.5% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	5.4% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	5.2% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	5.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.9% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.9% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.3% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.7% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.7% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	7.1% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	7.2% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	8.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.1% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	7.4% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.3% Fair Fair Operating profit relative to total assets Optimal: > 10%	6.6% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	10.4% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-13%)	9.8% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-18%)	10.3% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	10.3% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	10.3% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	9.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-21%)	10.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	10.3% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	12.5% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	10.4% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-13%)	10.3% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	12.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	12.1% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	11.1% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	11.1% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-8%)	11.0% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-8%)	10.2% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	11.0% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-8%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	0.68x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+36%)	0.62x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+24%)	0.66x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+33%)	0.61x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+21%)	0.60x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+21%)	0.59x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+17%)	0.61x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+22%)	0.62x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+24%)	0.52x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.53x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+6%)	0.57x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+15%)	0.62x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+23%)	0.65x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+29%)	0.62x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+25%)	0.66x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+32%)	0.68x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+36%)	0.77x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+54%)	—	—
Interest Coverage (x)	4.77x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	4.26x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.96x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	5.31x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.99x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	4.60x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.79x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	5.71x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	6.50x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	6.60x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	6.16x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	7.02x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	6.76x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.79x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	5.35x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	5.98x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	6.23x Good Good Operating income divided by interest expense Optimal: > 5x	6.27x Good Good Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$881.07M	$742.39M	$745.68M	$644.14M	$602.27M	$527.07M	$500.26M	$423.24M	$294.21M	$286.83M	$314.12M	$340.94M	$330.60M	$315.45M	$323.30M	$349.74M	$380.74M	$-4.11M	$-3.79M
Debt / EBITDA (x)	5.20x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.22x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.17x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.76x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.28x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.20x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.72x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.43x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.23x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.99x Fair → Fair Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.18x Caution → Caution Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.94x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.12x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.21x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.38x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.69x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.55x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Basic EPS, GAAP (USD)	$3.72	$3.33	$3.25	$3.07	$2.92	$2.60	—	—	—	—	—	—	—	$2.79	$2.64	$2.50	$2.21	$2.38	—
Free Cash Flow per Share (USD)	$-2.19	$1.13	$0.43	$-0.59	$-0.43	$-0.86	—	—	—	—	—	—	—	$2.06	$2.84	$2.77	$1.73	$-1.40	—
Dividend per Share (USD)	$1.85	$1.76	$1.67	$1.59	$1.52	$1.45	$1.38	$1.32	$1.26	$1.21	$1.16	$1.11	$1.07	$1.56	$1.52	$1.49	$1.46	$1.43	—
Book Value per Share (USD)	$35.68	$33.71	$31.53	$29.91	$28.41	$26.99	$24.68	$23.56	$22.45	$20.89	$19.92	$19.02	$17.81	$25.07	$23.84	$22.72	$21.75	$21.54	—
Tangible Book Value per Share (USD)	$35.68	$33.71	$31.53	$29.91	$28.41	$26.99	$24.68	$23.56	$22.45	$20.89	$19.92	$19.02	$17.81	$25.07	$23.84	$22.72	$21.75	$21.54	—
Basic Weighted Avg Shares (shares)	36.53M	36.21M	36.16M	36.16M	36.16M	35.61M	—	—	—	—	—	—	—	23.11M	23.11M	23.11M	23.07M	22.20M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD)	$-68.16M	$101.70M	$81.04M	$18.42M	$81.52M	$18.59M	$52.82M	$119.93M	$164.12M	$172.01M	$170.60M	$163.96M	$123.94M	$147.14M	$126.06M	$81.09M	$37.94M	—	—
LT Debt (USD)	$792.21M	$763.70M	$718.82M	$585.25M	$614.21M	$519.30M	$523.74M	$493.34M	$398.16M	$382.79M	$395.51M	$399.69M	$399.41M	$361.81M	$364.47M	$334.35M	$320.94M	—	—
Total Equity (USD)	$1.30B	$1.23B	$1.14B	$1.08B	$1.03B	$976.00M	$855.68M	$816.64M	$778.19M	$724.09M	$690.46M	$659.40M	$617.51M	$579.43M	$550.95M	$525.08M	$501.80M	$478.20M	$427.73M

📋 What is driving earnings? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Net Income, GAAP (USD)	$135.89M	$120.57M	$117.70M	$110.95M	$105.76M	$92.42M	$86.87M	$84.22M	$97.61M	$75.56M	$71.34M	$80.32M	$74.91M	$64.45M	$60.93M	$57.72M	$51.00M	$52.77M	—
Operating Cash Flow (USD)	$263.23M	$277.78M	$237.56M	$153.74M	$137.53M	$172.44M	$130.47M	$153.04M	$131.37M	$147.51M	$141.19M	$128.76M	$140.27M	$146.00M	$130.77M	$124.03M	$117.91M	$74.71M	—

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Synced yesterday 19 years · 69 quarters

MGE ENERGY INC

Analytical Summary

19-Year Financial Trajectory

Health Breakdown

Dividend History

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