Mge Energy Inc (MGEE) Financial Statements
Industry: Electric, Gas & Sanitary Services
In fiscal 2025, Mge Energy reported revenue of $743.7M, up 9.9% from $676.9M the year before. Net income was $135.9M (a 18.3% net margin), or $3.72 per diluted share. Gross margin was 100.0% and operating margin was 22.9%. Operating activities generated $263.2M of cash, leaving -$80.0M of free cash flow. At fiscal year end, Mge Energy held $3.16B in total assets against $1.85B in total liabilities, including $5.7M of cash and equivalents.
Open the full interactive Mge Energy financials → Quarterly statements, key ratios, valuation history and price charts.
Mge Energy Key Stats
| Share Price | $71.21 |
|---|---|
| Market Cap | $2.67B |
| P/E Ratio | 19.1 |
| Revenue YoY Growth | +9.8% |
| 52-Week Range | $68.49 – $84.95 |
| Shares Outstanding | 37.4 million (basic, 2026 Q2) |
Mge Energy Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $538.6M | $606.6M | $714.5M | $690.4M | $676.9M | $743.7M |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $538.6M | $606.6M | $714.5M | $690.4M | $676.9M | $743.7M |
| Operating Income | $110.0M | $117.3M | $137.7M | $146.4M | $146.3M | $170.7M |
| Pre-Tax Income | $111.8M | $109.9M | $137.2M | $145.5M | $131.2M | $156.7M |
| Income Tax | $19.4M | $4.1M | $26.2M | $27.8M | $10.6M | $20.8M |
| Net Income | $92.4M | $105.8M | $111.0M | $117.7M | $120.6M | $135.9M |
| Diluted EPS | $2.60 | $2.92 | $3.07 | $3.25 | $3.33 | $3.72 |
Mge Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $175.7M | $189.6M | $242.7M | $161.2M |
| Net Income | $44.5M | $23.3M | $48.5M | $33.4M |
| Diluted EPS | $1.22 | $0.64 | $1.32 | $0.89 |
Mge Energy Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $44.7M | $17.4M | $11.6M | $11.1M | $21.3M | $5.7M |
| Current Assets | $209.5M | $199.4M | $243.5M | $238.2M | $227.3M | $228.5M |
| Total Assets | $2.25B | $2.37B | $2.52B | $2.68B | $2.83B | $3.16B |
| Current Liabilities | $190.9M | $117.8M | $225.1M | $157.2M | $125.6M | $296.7M |
| Total Long-Term Debt | $524.1M | $619.1M | $639.6M | $724.0M | $769.0M | $813.8M |
| Total Liabilities | $1.28B | $1.34B | $1.44B | $1.54B | $1.60B | $1.85B |
| Shareholders' Equity | $976.0M | $1.03B | $1.08B | $1.14B | $1.23B | $1.30B |
Mge Energy Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $172.4M | $137.5M | $153.7M | $237.6M | $277.8M | $263.2M |
| Cash From Investing | -$210.4M | -$157.0M | -$180.1M | -$230.0M | -$241.5M | -$350.6M |
| Cash From Financing | $59.2M | -$8.8M | $25.5M | -$10.5M | -$26.8M | $71.6M |
| Free Cash Flow | -$30.7M | -$15.6M | -$21.3M | $15.5M | $40.9M | -$80.0M |
Figures from Mge Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mge Energy financials page for every line item.
Mge Energy Company Profile
| Ticker | MGEE |
|---|---|
| Exchange | Nasdaq |
| Industry | Electric, Gas & Sanitary Services |
| Headquarters | Madison, Wisconsin |
| Incorporated in | Wisconsin |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001161728 |
Frequently Asked Questions
What was Mge Energy's revenue in fiscal 2025?
Mge Energy (MGEE) reported revenue of $743.7M for fiscal 2025.
What is Mge Energy's annual revenue history?
Mge Energy's annual revenue by fiscal year: 2020: $538.6M; 2021: $606.6M; 2022: $714.5M; 2023: $690.4M; 2024: $676.9M; 2025: $743.7M.
What was Mge Energy's net income in fiscal 2025?
Mge Energy reported net income of $135.9M for fiscal 2025.
What was Mge Energy's earnings per share (EPS) in fiscal 2025?
Mge Energy's diluted EPS was $3.72 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Mge Energy generate in fiscal 2025?
Mge Energy generated -$80.0M of free cash flow in fiscal 2025.
What was Mge Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Mge Energy reported revenue of $161.2M.
How much debt does Mge Energy have?
Mge Energy reported $813.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Mge Energy are outstanding?
Mge Energy reported a weighted average of 37.4 million basic shares outstanding in 2026 Q2.
What is Mge Energy's market cap?
Based on its latest closing price, Mge Energy (MGEE) has a market capitalization of about $2.67B.
When does Mge Energy's fiscal year end?
Mge Energy's fiscal year end, as registered with the SEC, is December 31.
Where is Mge Energy headquartered?
Mge Energy lists its business address in Madison, Wisconsin in its SEC filings.