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Operating Margin for MGE Energy (MGEE)

As of · Reported

Metric

TTM

22.3%

YoY change

+1.34pp

Trough year (2005)

11.8%

Peak year (1985)

100.0%

Operating Margin history chart for MGE Energy (MGEE) from 1985 to 2025

Latest: 22.9%

Operating Margin change chart for MGE Energy (MGEE) from 1985 to 2025

Latest: +1.34pp

Operating Margin history table for MGE Energy (MGEE) from 1985 to 2025

  • 202522.9%+1.34pp
  • 202421.6%+0.40pp
  • 202321.2%+1.92pp
  • 202219.3%-0.06pp
  • 202119.3%-1.08pp
  • 202020.4%+0.92pp
  • 201919.5%-0.91pp
  • 201820.4%-2.46pp
  • 201722.9%-0.68pp
  • 201623.5%+1.51pp
  • 201522.0%-0.25pp
  • 201422.3%+0.62pp
  • 201321.7%+0.83pp
  • 201220.8%+1.09pp
  • 201119.7%+1.60pp
  • 201018.1%+2.28pp
  • 200915.9%+1.13pp
  • 200814.7%-0.83pp
  • 200715.6%-0.00pp
  • 200615.6%+3.78pp
  • 200511.8%-2.80pp
  • 200414.6%-0.32pp
  • 200314.9%-1.85pp
  • 200216.7%+2.21pp
  • 200114.5%-2.59pp
  • 200017.1%+0.78pp
  • 199916.3%+0.17pp
  • 199816.2%-0.00pp
  • 199716.2%+2.91pp
  • 199613.3%-6.08pp
  • 199519.3%-0.61pp
  • 199420.0%-80.04pp
  • 1993100.0%0.00pp
  • 1992100.0%0.00pp
  • 1991100.0%0.00pp
  • 1990100.0%0.00pp
  • 1989100.0%0.00pp
  • 1988100.0%0.00pp
  • 1987100.0%0.00pp
  • 1986100.0%0.00pp
  • 1985100.0%—

Operating Margin 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 Margin at MGE Energy (MGEE)

According to MGE Energy's latest reported financial statements, the company's latest reported operating margin is 22.3%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

MGE Energy (MGEE) most recent annual operating margin stands at 22.95% (2025) – expanded 1.3 percentage points year-over-year.

The highest annual operating margin of 100.00% was reported in 1985. The lowest in the available history was 11.78% in 2005.

MGE Energy Operating Margin by Year

MGE Energy Operating Margin 2025: 22.9%

MGE Energy operating margin in 2025 was 22.95%, expanded 1.3 percentage points from 2024.

MGE Energy Operating Margin 2024: 21.6%

2024's operating margin for MGE Energy came in at 21.61%, expanded 0.4 percentage points from 2023.

MGE Energy Operating Margin 2023: 21.2%

MGE Energy posted operating margin of 21.20% in 2023, expanded 1.9 percentage points from 2022.

MGE Energy Operating Margin 2022: 19.3%

In 2022, MGE Energy reported operating margin of 19.28%, contracted 0.1 percentage points from 2021.

MGE Energy Operating Margin 2021: 19.3%

MGE Energy operating margin in 2021 was 19.34%.

See more financial history for MGE Energy (MGEE).

Sector peers by Operating Margin

Utilities peers of MGE Energy (MGEE), ranked by their latest operating margin

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