What is MGE Energy's net margin?

MGE Energy (MGEE) reported net margin of 18.6% in Q1 2026.

How has MGE Energy's net margin changed year-over-year?

MGE Energy's net margin increased by 2.1% year-over-year, from 18.2% to 18.6%.

What is the long-term trend for MGE Energy's net margin?

Over 5 years (2020 to 2025), MGE Energy's net margin has grown at a 1.3% compound annual growth rate (CAGR), from 17.2% to 18.3%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

MGE Energy MGEE Net margin

Net margin at other companies

WEC Energy GroupWEC

16.2%-1.7pp

Chesapeake Utilities CorporationCPK

15.1%+0.4pp

NorthWestern Energy Group, Inc.NWE

10.2%-5.5pp

CMS

CMS EnergyCMS

12.5%-0.6pp

Essential UtilitiesWTRG

21.8%-5.3pp

BKH

Black HillsBKH

12.6%-0.1pp

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

FCF margin-17%—

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.

net income/total revenue=18.6%

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 net margin?: MGE Energy (MGEE) reported net margin of 18.6% in Q1 2026.
How has MGE Energy's net margin changed year-over-year?: MGE Energy's net margin increased by 2.1% year-over-year, from 18.2% to 18.6%.
What is the long-term trend for MGE Energy's net margin?: Over 5 years (2020 to 2025), MGE Energy's net margin has grown at a 1.3% compound annual growth rate (CAGR), from 17.2% to 18.3%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.