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MGE Energy MGEE Operating margin

Operating margin at other companies

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WEC Energy GroupWEC
22.8%-2.1pp
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Chesapeake Utilities CorporationCPK
27.3%-1.0pp
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NorthWestern Energy Group, Inc.NWE
19.2%-3.8pp
CMS
CMS EnergyCMS
19.5%-0.6pp
BKH
Black HillsBKH
23.9%+0.4pp
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Portland General ElectricPOR
14%-1.1pp

Other financials

Income statement

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Revenue$161.2M+1.1%
Operating income$32.6M-4.6%
Net income$33.4M+25.9%
EPS (diluted)$0.89+23.6%

Balance sheet

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Cash & equivalents$16.6M+57.3%
Total debt$913.9M+19.2%
Total equity$1.4B+13.4%
Total assets$3.3B+15.4%

Cash flow

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Operating cash flow$68.1M+21.5%
CapEx$109.8M+71.2%
Free cash flow-$41.6M-420%

Valuation

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Market cap$3.05B-0.3%
Enterprise value$3.95B+3.4%
P/E20.4×-3.0×
P/S-0.3×

Profitability

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Net margin19.5%+1.2pp
FCF margin-21.4%

Returns & leverage

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Return on equity11%+0.3pp
Debt / equity0.6×0.0×
Current ratio1.1×-0.7×

Where this comes from

Calculated from MGE Energy’s reported figures.

Based on trailing twelve months.

The source filing: MGE Energy’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 8:37 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0001193125-26-333969

FAQ

What is MGE Energy's operating margin?
MGE Energy (MGEE) reported operating margin of 22% in Q2 2026.
How has MGE Energy's operating margin changed year-over-year?
MGE Energy's operating margin decreased by 2.9% year-over-year, from 22.7% to 22%.
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.

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