MGE Energy Inc (MGEE) — Capital Reinvestment Ratio
Latest as of June 2026:
1.42x
MGE Energy Inc (MGEE) has a Capital Reinvestment Ratio of 1.42x as of June 2026, meaning it reinvests 1% of its operating cash flow ($148.83 Million) in capital expenditures ($210.91 Million). Check MGEE goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
1.42x
Capex / Operating Cash Flow
Operating Cash Flow
$148.83 Million
USD
Capital Expenditures
$210.91 Million
USD
Data as of
Jun 2026
Most recent filing
MGE Energy Inc Capital Reinvestment Ratio (1994–2025)
This chart tracks MGE Energy Inc's Capital Reinvestment Ratio across 62 annual periods. For the full cash flow conversion analysis, see MGE Energy Inc operating cash flow efficiency.
Annual Capital Reinvestment Ratio for MGE Energy Inc (1994–2025)
Year-by-year Capital Reinvestment Ratio for MGE Energy Inc from 1994 to 2025. See MGE Energy Inc free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.30x | $263.23 Million | $343.22 Million | ▲ +52.9% |
| 2024 | 0.85x | $277.78 Million | $236.93 Million | ▼ -8.8% |
| 2023 | 0.93x | $237.56 Million | $222.07 Million | ▲ +0.0% |
| 2023 | 0.93x | $237.56 Million | $222.07 Million | ▼ -17.9% |
| 2022 | 1.14x | $153.74 Million | $175.03 Million | ▲ +0.0% |
| 2022 | 1.14x | $153.74 Million | $175.03 Million | ▲ +2.2% |
| 2021 | 1.11x | $137.53 Million | $153.17 Million | ▲ +0.0% |
| 2021 | 1.11x | $137.53 Million | $153.17 Million | ▼ -5.5% |
| 2020 | 1.18x | $172.44 Million | $203.14 Million | ▲ +0.0% |
| 2020 | 1.18x | $172.44 Million | $203.14 Million | ▼ -6.3% |
| 2019 | 1.26x | $130.47 Million | $164.04 Million | ▲ +0.0% |
| 2019 | 1.26x | $130.47 Million | $164.04 Million | ▼ -9.3% |
| 2018 | 1.39x | $153.04 Million | $212.20 Million | ▲ +0.0% |
| 2018 | 1.39x | $153.04 Million | $212.20 Million | ▲ +70.5% |
| 2017 | 0.81x | $132.99 Million | $108.13 Million | ▲ +0.0% |
| 2017 | 0.81x | $132.99 Million | $108.13 Million | ▲ +43.4% |
| 2016 | 0.57x | $147.51 Million | $83.66 Million | ▲ +0.0% |
| 2016 | 0.57x | $147.51 Million | $83.66 Million | ▲ +11.2% |
| 2015 | 0.51x | $141.19 Million | $72.03 Million | ▲ +0.0% |
| 2015 | 0.51x | $141.19 Million | $72.03 Million | ▼ -29.1% |
| 2014 | 0.72x | $128.76 Million | $92.68 Million | ▲ +0.0% |
| 2014 | 0.72x | $128.76 Million | $92.68 Million | ▼ -15.2% |
| 2013 | 0.85x | $140.27 Million | $119.06 Million | ▲ +0.0% |
| 2013 | 0.85x | $140.27 Million | $119.06 Million | ▲ +25.9% |
| 2012 | 0.67x | $146.00 Million | $98.44 Million | ▲ +0.0% |
| 2012 | 0.67x | $146.00 Million | $98.44 Million | ▲ +35.3% |
| 2011 | 0.50x | $130.77 Million | $65.18 Million | ▲ +0.0% |
| 2011 | 0.50x | $130.77 Million | $65.18 Million | ▲ +2.9% |
| 2010 | 0.48x | $124.03 Million | $60.08 Million | ▲ +0.0% |
| 2010 | 0.48x | $124.03 Million | $60.08 Million | ▼ -26.7% |
| 2009 | 0.66x | $117.91 Million | $77.93 Million | ▲ +0.0% |
| 2009 | 0.66x | $117.91 Million | $77.93 Million | ▼ -53.3% |
| 2008 | 1.42x | $74.71 Million | $105.78 Million | ▲ +0.0% |
| 2008 | 1.42x | $74.71 Million | $105.78 Million | ▼ -20.4% |
| 2007 | 1.78x | $76.59 Million | $136.26 Million | ▲ +0.0% |
| 2007 | 1.78x | $76.59 Million | $136.26 Million | ▲ +94.2% |
| 2006 | 0.92x | $101.04 Million | $92.58 Million | ▲ +0.0% |
| 2006 | 0.92x | $101.04 Million | $92.58 Million | ▼ -46.8% |
| 2005 | 1.72x | $49.83 Million | $85.77 Million | ▲ +0.0% |
| 2005 | 1.72x | $49.83 Million | $85.77 Million | ▲ +8.1% |
| 2004 | 1.59x | $62.31 Million | $99.22 Million | ▲ +0.0% |
| 2004 | 1.59x | $62.31 Million | $99.22 Million | ▲ +31.7% |
| 2003 | 1.21x | $68.60 Million | $82.97 Million | ▲ +0.0% |
| 2003 | 1.21x | $68.60 Million | $82.97 Million | ▼ -12.4% |
| 2002 | 1.38x | $56.73 Million | $78.28 Million | ▲ +0.0% |
| 2002 | 1.38x | $56.73 Million | $78.28 Million | ▲ +145.6% |
| 2001 | 0.56x | $74.68 Million | $41.97 Million | ▲ +0.0% |
| 2001 | 0.56x | $74.68 Million | $41.97 Million | ▼ -63.5% |
| 2000 | 1.54x | $47.77 Million | $73.61 Million | ▲ +0.0% |
| 2000 | 1.54x | $47.77 Million | $73.61 Million | ▲ +82.2% |
| 1999 | 0.85x | $60.30 Million | $51.00 Million | ▲ +0.0% |
| 1999 | 0.85x | $60.30 Million | $51.00 Million | ▲ +93.6% |
| 1998 | 0.44x | $70.50 Million | $30.80 Million | ▲ +0.0% |
| 1998 | 0.44x | $70.50 Million | $30.80 Million | ▼ -17.5% |
| 1997 | 0.53x | $40.80 Million | $21.60 Million | ▲ +0.0% |
| 1997 | 0.53x | $40.80 Million | $21.60 Million | ▲ +16.8% |
| 1996 | 0.45x | $48.30 Million | $21.90 Million | ▲ +0.0% |
| 1996 | 0.45x | $48.30 Million | $21.90 Million | ▲ +20.0% |
| 1995 | 0.38x | $50.80 Million | $19.20 Million | ▲ +0.0% |
| 1995 | 0.38x | $50.80 Million | $19.20 Million | ▼ -41.3% |
| 1994 | 0.64x | $41.00 Million | $26.40 Million | ▲ +0.0% |
| 1994 | 0.64x | $41.00 Million | $26.40 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow