TTM
$171M
YoY change
+16.7%
5Y CAGR
+9.2%
Peak year (FY1993)
$244M
Cumulative operating income
$5B
Operating Income history chart for MGE Energy (MGEE) from 2016 to 2025
Latest: $171M
Operating Income growth chart for MGE Energy (MGEE) from 2016 to 2025
Latest: +16.7%
Operating Income history table for MGE Energy (MGEE) from 1985 to 2025
| FY2025 | $171M | +16.7% | +$24.4M | ||
| FY2024 | $146M | -0.1% | -$123K | ||
| FY2023 | $146M | +6.3% | +$8.64M | ||
| FY2022 | $138M | +17.4% | +$20.4M | ||
| FY2021 | $117M | +6.6% | +$7.3M | ||
| FY2020 | $110M | -0.8% | -$913K | ||
| FY2019 | $111M | -2.9% | -$3.3M | ||
| FY2018 | $114M | -11.3% | -$14.5M | ||
| FY2017 | $129M | +0.4% | +$508K | ||
| FY2016 | $128M | +3.2% | +$3.97M | ||
| FY2015 | $124M | -10.0% | -$13.8M | ||
| FY2014 | $138M | +7.9% | +$10.1M | ||
| FY2013 | $128M | +13.5% | +$15.2M | ||
| FY2012 | $113M | +4.5% | +$4.9M | ||
| FY2011 | $108M | +11.7% | +$11.3M | ||
| FY2010 | $96.6M | +14.1% | +$11.9M | ||
| FY2009 | $84.7M | -3.6% | -$3.12M | ||
| FY2008 | $87.8M | +4.9% | +$4.12M | ||
| FY2007 | $83.7M | +5.9% | +$4.67M | ||
| FY2006 | $79M | +30.6% | +$18.5M | ||
| FY2005 | $60.5M | -2.4% | -$1.48M | ||
| FY2004 | $62M | +3.5% | +$2.12M | ||
| FY2003 | $59.8M | +2.9% | +$1.7M | ||
| FY2002 | $58.1M | +19.8% | +$9.62M | ||
| FY2001 | $48.5M | -12.6% | -$7.01M | ||
| FY2000 | $55.5M | +23.9% | +$10.7M | ||
| FY1999 | $44.8M | +10.9% | +$4.4M | ||
| FY1998 | $40.4M | -5.6% | -$2.4M | ||
| FY1997 | $42.8M | +27.4% | +$9.2M | ||
| FY1996 | $33.6M | -30.1% | -$14.5M | ||
| FY1995 | $48.1M | -1.6% | -$800K | ||
| FY1994 | $48.9M | -80.0% | -$195M | ||
| FY1993 | $244M | +7.1% | +$16.1M | ||
| FY1992 | $228M | -1.8% | -$4.2M | ||
| FY1991 | $232M | +5.3% | +$11.6M | ||
| FY1990 | $221M | +1.4% | +$3M | ||
| FY1989 | $218M | +1.5% | +$3.3M | ||
| FY1988 | $214M | +6.0% | +$12.2M | ||
| FY1987 | $202M | -3.9% | -$8.2M | ||
| FY1986 | $210M | -6.1% | -$13.6M | ||
| FY1985 | $224M | — | — |
- FY2025$171M+16.7%
- FY2024$146M-0.1%
- FY2023$146M+6.3%
- FY2022$138M+17.4%
- FY2021$117M+6.6%
- FY2020$110M-0.8%
- FY2019$111M-2.9%
- FY2018$114M-11.3%
- FY2017$129M+0.4%
- FY2016$128M+3.2%
- FY2015$124M-10.0%
- FY2014$138M+7.9%
- FY2013$128M+13.5%
- FY2012$113M+4.5%
- FY2011$108M+11.7%
- FY2010$96.6M+14.1%
- FY2009$84.7M-3.6%
- FY2008$87.8M+4.9%
- FY2007$83.7M+5.9%
- FY2006$79M+30.6%
- FY2005$60.5M-2.4%
- FY2004$62M+3.5%
- FY2003$59.8M+2.9%
- FY2002$58.1M+19.8%
- FY2001$48.5M-12.6%
- FY2000$55.5M+23.9%
- FY1999$44.8M+10.9%
- FY1998$40.4M-5.6%
- FY1997$42.8M+27.4%
- FY1996$33.6M-30.1%
- FY1995$48.1M-1.6%
- FY1994$48.9M-80.0%
- FY1993$244M+7.1%
- FY1992$228M-1.8%
- FY1991$232M+5.3%
- FY1990$221M+1.4%
- FY1989$218M+1.5%
- FY1988$214M+6.0%
- FY1987$202M-3.9%
- FY1986$210M-6.1%
- FY1985$224M—
Operating Income values are taken from MGE Energy's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at MGE Energy (MGEE)
According to MGE Energy's latest reported financial statements, the company's current operating income (TTM) is $171M. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MGE Energy (MGEE) most recent annual operating income stands at $171M (2025) – grew 16.7% year-over-year.
Across 2020–2025 (5 years), MGE Energy operating income produced a CAGR of +9.2% – with mixed annual results across the window.
Between 1993 and 2025, MGE Energy operating income plunged 30.1%, falling from $244M to $171M.
The record annual operating income stands at $244M, reached in 1993; the historical low of $33.6M was recorded in 1996.
MGE Energy Operating Income by Year
MGE Energy Operating Income 2025: $171M
2025's operating income for MGE Energy came in at $171M, grew 16.7% from 2024.
MGE Energy Operating Income 2024: $146M
MGE Energy posted operating income of $146M in 2024, edged down 0.1% below 2023.
MGE Energy Operating Income 2023: $146M
In 2023, MGE Energy reported operating income of $146M, grew 6.3% from 2022.
MGE Energy Operating Income 2022: $138M
MGE Energy operating income in 2022 was $138M, grew 17.4% from 2021.
MGE Energy Operating Income 2021: $117M
MGE Energy operating income in 2021 was $117M.
See more financial history for MGE Energy (MGEE).
Sector peers by Operating Income
Utilities peers of MGE Energy (MGEE), ranked by their latest operating income
| $8.58B | |
| $8.28B | |
| $7.27B | |
| $5.3B | |
| $4.41B | |
| $3.25B | |
| $3.09B | |
| $1.39B |
- $8.58B
- $8.28B
- $7.27B
- $4.41B
- $3.25B
- $1.39B
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