What is MGE Energy's free cash flow margin?

MGE Energy (MGEE) reported free cash flow margin of -17% in Q1 2026.

What is the long-term trend for MGE Energy's free cash flow margin?

Over 3 years (2020 to 2025), MGE Energy's free cash flow margin has grown at a 23.6% compound annual growth rate (CAGR), from -5.7% to -10.8%.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

MGE Energy MGEE Free cash flow margin

Free cash flow margin at other companies

WEC Energy GroupWEC

-10.7%—

Chesapeake Utilities CorporationCPK

-21.3%+1.8pp

NorthWestern Energy Group, Inc.NWE

-9%+0.1pp

CMS

CMS EnergyCMS

12.8%-8.1pp

Essential UtilitiesWTRG

31.5%+1.6pp

BKH

Black HillsBKH

-13.7%-14.0pp

Other financials

Income statement

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Revenue$242.7M+10.8%

Operating income$53.2M+0.5%

Net income$48.5M+16.6%

EPS (diluted)$1.32+15.8%

Balance sheet

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Cash & equivalents$9.5M-73.2%

Total debt$920.6M+19.9%

Total equity$1.3B+7.2%

Total assets$3.2B+12.1%

Cash flow

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Operating cash flow$80.7M+3.6%

CapEx$101.1M+112%

Free cash flow-$20.4M-168%

Valuation

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Market cap$2.92B-16.7%

Enterprise value$3.83B-9.4%

P/E20.4×-6.9×

P/S3.8×-1.2×

Profitability

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Operating margin22.3%-0.2pp

Net margin18.6%+0.4pp

Returns & leverage

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Return on equity10.9%+0.3pp

Debt / equity0.7×+0.1×

Current ratio1.2×-0.9×

Where this comes from

Calculated from MGE Energy’s reported figures.

free cash flow/total revenue=-17%

Based on trailing twelve months.

The official record: MGE Energy’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MGE Energy's free cash flow margin?: MGE Energy (MGEE) reported free cash flow margin of -17% in Q1 2026.
What is the long-term trend for MGE Energy's free cash flow margin?: Over 3 years (2020 to 2025), MGE Energy's free cash flow margin has grown at a 23.6% compound annual growth rate (CAGR), from -5.7% to -10.8%.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.