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MGE Energy MGEE Operating margin

Operating margin at other companies

WEC Energy Group logo
WEC Energy GroupWEC
22.7%-2.4pp
Chesapeake Utilities Corporation logo
Chesapeake Utilities CorporationCPK
27.3%-0.7pp
NorthWestern Energy Group, Inc. logo
NorthWestern Energy Group, Inc.NWE
19.2%-3.8pp
CMS
CMS EnergyCMS
19.5%-0.6pp
Essential Utilities logo
Essential UtilitiesWTRG
35%-3.4pp
BKH
Black HillsBKH
23.4%+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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Net margin18.6%+0.4pp
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.

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 operating margin?
MGE Energy (MGEE) reported operating margin of 22.3% in Q1 2026.
How has MGE Energy's operating margin changed year-over-year?
MGE Energy's operating margin decreased by 0.9% year-over-year, from 22.5% to 22.3%.
What is the long-term trend for MGE Energy's operating margin?
Over 5 years (2020 to 2025), MGE Energy's operating margin has grown at a 2.4% compound annual growth rate (CAGR), from 20.4% to 22.9%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.