MGEE
$72.27+1.39%
MGE Energy IncStock · UtilitiesRussell 2000 0.10%Nasdaq Composite 0.009%US Stock Market 0.004%Russell 3000 0.004%
MGEE financial statements
The full income statement, balance sheet, and cash-flow statement for MGE Energy Inc (MGEE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 36.2M2024-09 36.2M2024-12 36.5M2025-03 36.5M2025-06 36.5M2025-09 36.5M2025-12 36.6M2026-03 36.8M2026-06 37.5M+3.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 744M+9.9% | 677M-2.0% | 690M-3.4% | 715M+17.8% | 607M+12.6% | |
| Provision for credit losses | 8.80M+0.0% | 8.80M+398.9% | 1.76M+0.0% | 1.76M+13.8% | 1.55M+9.5% | |
| Operating income | 171M+16.7% | 146M-0.1% | 146M+6.3% | 138M+17.4% | 117M+6.6% | |
| Net interest income | -33.8M-2.6% | -32.9M-8.2% | -30.4M-14.2% | -26.6M-10.5% | -24.1M-2.5% | |
| Other non-operating income | 19.8M+11.0% | 17.8M-39.6% | 29.5M+13.3% | 26.1M+56.2% | 16.7M-34.2% | |
| Equity-method income | 13.0M+6.0% | 12.3M+15.5% | 10.6M+16.4% | 9.14M-1.4% | 9.27M-9.3% | |
| Income tax | 20.8M+96.0% | 10.6M-61.9% | 27.8M+6.0% | 26.2M+537.3% | 4.12M-78.8% | |
| Net income | 136M+12.7% | 121M+2.4% | 118M+6.1% | 111M+4.9% | 106M+14.4% | |
| $3.72+11.7% | $3.33+2.5% | $3.25+5.9% | $3.07+5.1% | $2.92+12.3% | ||
| EPS (basic) | $3.72+11.7% | $3.33+2.5% | $3.25+5.9% | $3.07+5.1% | $2.92+12.3% | |
| Weighted-avg shares (basic) | 36.5M+0.9% | 36.2M+0.1% | 36.2M+0.0% | 36.2M+0.0% | 36.2M+1.5% | |
| Weighted-avg shares (diluted) | 36.6M+0.9% | 36.2M+0.1% | 36.2M+0.0% | 36.2M+0.0% | 36.2M+1.6% | |
| Dividends per share | $1.85+5.1% | $1.76+5.4% | $1.67+5.0% | $1.59+4.6% | $1.52+4.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 229M+0.6% | 227M-4.6% | 238M-2.2% | 243M+22.1% | 199M-4.8% | ||
| Cash & equivalents | 5.67M-73.4% | 21.3M+91.2% | 11.1M-4.0% | 11.6M-33.5% | 17.4M-61.0% | |
| Accounts receivable | 57.6M+12.2% | 51.3M+9.7% | 46.7M-15.7% | 55.4M+19.9% | 46.2M+11.6% | |
| Other current assets | 17.2M+20.9% | 14.2M-8.7% | 15.6M-18.0% | 19.0M+70.1% | 11.2M-1.9% | |
| 3.16B+11.6% | 2.83B+5.7% | 2.68B+6.3% | 2.52B+6.1% | 2.37B+5.2% | ||
| Property, plant & equipment | 2.57B+12.5% | 2.29B+7.5% | 2.13B+8.0% | 1.97B+4.9% | 1.88B+6.2% | |
| Operating lease right-of-use | 7.25M-2.0% | 7.40M-2.1% | 7.56M-2.9% | 7.79M-2.2% | 7.96M+32.9% | |
| Other non-current assets | 18.3M-30.2% | 26.3M+26.7% | 20.7M-14.9% | 24.4M-11.6% | 27.5M+23.8% | |
| 297M+136.3% | 126M-20.1% | 157M-30.2% | 225M+91.0% | 118M-38.3% | ||
| Accounts payable | 118M+51.9% | 77.5M+18.4% | 65.5M+10.3% | 59.3M-7.5% | 64.1M+17.4% | |
| Short-term & current debt | 21.6M+309.3% | 5.29M+2.7% | 5.15M-90.5% | 54.3M+1010.9% | 4.89M+2.5% | |
| Current lease liability | 73.0K+12.3% | 65.0K-43.0% | 114K-16.2% | 136K-15.5% | 161K-5.8% | |
| Other current liabilities | 11.9M+60.1% | 7.42M-7.3% | 8.00M-0.7% | 8.06M-24.0% | 10.6M+76.4% | |
| Finance lease liability (current) | 1.27M-2.0% | 1.30M+10.7% | 1.17M+12.8% | 1.04M-1.0% | 1.05M-1.5% | |
| Long-term debt | 792M+3.7% | 764M+6.2% | 719M+22.8% | 585M-4.7% | 614M+18.3% | |
| Non-current lease liability | 7.71M-0.9% | 7.78M-0.3% | 7.80M-1.4% | 7.92M-0.6% | 7.96M+36.4% | |
| Finance lease liability (total) | 19.6M-0.9% | 19.8M+2.9% | 19.2M+5.9% | 18.1M-1.2% | 18.4M-1.2% | |
| Finance lease liability | 18.3M-0.8% | 18.5M+2.4% | 18.0M+5.4% | 17.1M-1.2% | 17.3M-1.2% | |
| Deferred tax liabilities | 338M+6.8% | 316M+13.4% | 279M+10.6% | 252M+9.1% | 231M-0.1% | |
| Other non-current liabilities | 63.4M-1.8% | 64.6M+4.7% | 61.7M+32.0% | 46.7M-49.0% | 91.7M+27.0% | |
| Total non-current liabilities | 763M+7.6% | 709M+7.5% | 659M+5.4% | 626M+2.2% | 612M+7.9% | |
| 1.30B+6.0% | 1.23B+7.9% | 1.14B+5.4% | 1.08B+5.3% | 1.03B+5.3% | ||
| Common stock | 36.5M+0.1% | 36.5M+0.9% | 36.2M+0.0% | 36.2M+0.0% | 36.2M+0.0% | |
| Additional paid-in capital | 435M+1.3% | 430M+8.3% | 397M+0.3% | 396M+0.2% | 395M+0.1% | |
| Retained earnings | 832M+8.9% | 764M+8.1% | 707M+8.8% | 650M+9.0% | 596M+9.3% | |
| Total liabilities & equity | 3.16B+11.6% | 2.83B+5.7% | 2.68B+6.3% | 2.52B+6.1% | 2.37B+5.2% | |
| Common shares issued | 36.5M+0.1% | 36.5M+0.9% | 36.2M+0.0% | 36.2M+0.0% | 36.2M+0.0% | |
| Common shares outstanding | 36.5M+0.1% | 36.5M+0.9% | 36.2M+0.0% | 36.2M+0.0% | 36.2M+0.0% | |
| Shares outstanding (cover) | 36.6M+0.2% | 36.5M+0.9% | 36.2M+0.0% | 36.2M+0.0% | 36.2M+0.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 263M-5.2% | 278M+16.9% | 238M+54.5% | 154M+11.8% | 138M-20.2% | ||
| Deferred income taxes | 7.62M+1153.8% | 608K-97.4% | 23.0M-1.9% | 23.4M+384.5% | 4.84M-53.3% | |
| Change in inventory | -5.07M+8.5% | -5.54M-752.0% | 850K-96.2% | 22.2M+250.5% | 6.34M+653.2% | |
| Change in payables | 8.48M+30.7% | 6.49M+224.6% | -5.21M-202.1% | 5.10M+87.0% | 2.73M-81.0% | |
| Other operating activities | 1.00M-88.0% | 8.32M+92.4% | 4.33M | — | — | |
| -351M-45.2% | -241M-5.0% | -230M-27.7% | -180M-14.8% | -157M+25.4% | ||
| Capital expenditure | 343M+44.9% | 237M+6.7% | 222M+26.9% | 175M+14.3% | 153M-24.6% | |
| Free cash flow | -80.0M-295.8% | 40.9M+163.8% | 15.5M+172.7% | -21.3M-36.1% | -15.6M+49.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | -2.15M-837.0% | -230K-124.1% | 954K+1462.9% | -70.0K+68.3% | -221K-113.2% | |
| 71.6M+366.8% | -26.8M-155.9% | -10.5M-141.0% | 25.5M+391.7% | -8.76M-114.8% | ||
| Long-term debt issued | 50.0M+0.0% | 50.0M-64.1% | 139M+457.2% | 25.0M-75.0% | 100M+418.1% | |
| Long-term debt repaid | 5.29M+2.7% | 5.15M-90.5% | 54.3M+1010.9% | 4.89M+2.5% | 4.77M-87.8% | |
| Net short-term debt | 92.5M+343.5% | -38.0M-16.9% | -32.5M-150.0% | 65.0M+238.3% | -47.0M-189.5% | |
| Common stock issued | 3.75M-88.1% | 31.6M | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 67.6M+6.3% | 63.6M+5.3% | 60.4M+5.0% | 57.5M+4.9% | 54.8M+5.9% | |
| Other financing activities | -1.84M-8.6% | -1.69M+34.4% | -2.58M-24.6% | -2.07M+5.9% | -2.20M-41.5% | |
| Net change in cash | -15.8M-266.4% | 9.47M+421.9% | -2.94M-239.3% | -867K+96.9% | -28.2M-232.9% | |
| Interest paid | 35.8M+4.2% | 34.3M+16.2% | 29.5M+13.7% | 26.0M+10.4% | 23.5M-1.7% | |
| Income taxes paid | — | -13.1M-233.7% | 9.80M+209.5% | 3.17M-20.8% | 4.00M-50.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 2.87B-16.4% | 3.43B+31.2% | 2.61B+2.7% | 2.55B-14.4% | 2.97B+17.4% | |
| P/E | 21.1×-25.8% | 28.5×+29.1% | 22.0×-10.9% | 24.7×-12.1% | 28.1×+2.6% | |
| P/S | 3.9×-23.9% | 5.1×+38.7% | 3.7×-1.4% | 3.7×-24.4% | 4.9×+4.3% | |
| P/B | 2.2×-21.1% | 2.8×+21.1% | 2.3×-2.7% | 2.4×-18.2% | 2.9×+11.6% | |
| P/FCF | — | 84.0×-62.8% | 226.0× | — | — | |
| Earnings yield | 4.7%+34.8% | 3.5%-22.5% | 4.5%+12.2% | 4.0%+13.7% | 3.6%-2.6% | |
| FCF yield | — | 1.2%+169.2% | 0.44% | — | — | |
| Dividend yield | 2.4%+25.9% | 1.9%-18.9% | 2.3%+2.3% | 2.3%+22.2% | 1.8%-10.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MGEE’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MGEE filings on SEC EDGAR → Not investment advice.