15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | — | $136M | — | — | -$80M | $908M | $6M |
| 2024 | — | $121M | — | — | $41M | $769M | $21M |
| 2023 | — | $118M | — | — | $15M | $762M | $11M |
| 2022 | — | $111M | — | — | -$21M | $710M | $12M |
| 2021 | — | $106M | — | — | -$16M | $625M | $17M |
| 2020 | — | $92M | — | — | -$31M | $577M | $45M |
| 2019 | — | $87M | — | — | -$34M | $543M | $23M |
| 2018 | — | $84M | — | — | -$59M | $511M | $83M |
| 2017 | — | $98M | — | — | $23M | $427M | $108M |
| 2016 | — | $76M | — | — | $64M | $387M | $96M |
| 2015 | — | $71M | — | — | $69M | $396M | $81M |
| 2014 | — | $80M | — | — | $36M | $407M | $66M |
| 2013 | — | $75M | — | — | $21M | $404M | $69M |
| 2012 | — | $64M | — | — | $48M | $362M | $46M |
| 2011 | — | $61M | — | — | $66M | $364M | $41M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | — | $48M | — | — | -$20M | $941M | $9M |
| Dec '25 | — | $23M | — | — | -$53M | $908M | $6M |
| Sep '25 | — | $44M | — | — | -$49M | $841M | $10M |
| Jun '25 | — | $26M | — | — | -$8M | $772M | $11M |
| Mar '25 | — | $42M | — | — | $30M | $768M | $35M |
| Dec '24 | — | $22M | — | — | -$5M | $769M | $21M |
| Sep '24 | — | $41M | — | — | $27M | $769M | $15M |
| Jun '24 | — | $24M | — | — | -$2M | $781M | $16M |
| Mar '24 | — | $34M | — | — | $21M | $764M | $17M |
| Dec '23 | — | $20M | — | — | -$28M | $762M | $11M |
| Sep '23 | — | $38M | — | — | $24M | $717M | $11M |
| Jun '23 | — | $29M | — | — | $11M | $729M | $17M |
| Mar '23 | — | $31M | — | — | $8M | $721M | $15M |
| Dec '22 | — | $21M | — | — | -$32M | $710M | $12M |
| Sep '22 | — | $34M | — | — | -$34M | $656M | $11M |
| Jun '22 | — | $22M | — | — | $14M | $617M | $23M |
| Mar '22 | — | $34M | — | — | $31M | $618M | $26M |
| Dec '21 | — | $13M | — | — | -$43M | $625M | $17M |
| Sep '21 | — | $35M | — | — | $24M | $620M | $70M |
| Jun '21 | — | $23M | — | — | -$6M | $592M | $34M |
How the market has priced MGEE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
See the revenue and net-income charts above for MGE Energy's multi-year trend.
As of FY2025, MGE Energy reported $908M of total debt against $6M of cash.
In FY2025, gross margin was —, operating margin —, and net margin —.
As of Jun '26, MGE Energy traded at a price-to-earnings ratio of about 21.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.