MGE Energy Inc Capital Reinvestment Ratio
MGE Energy Inc capital reinvestment ratio. MGE Energy Inc (MGEE) has a Capital Reinvestment Ratio of 1.61x as of June 2026, meaning it reinvests 2% of its operating cash flow ($68.14 Million) in capital expenditures ($109.77 Million). See how much free cash does MGE Energy Inc generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of MGE Energy Inc (1994–2025)
Capital reinvestment ratio of MGE Energy Inc from 1994 to 2025. This chart tracks MGE Energy Inc's Capital Reinvestment Ratio across 62 annual periods. See MGEE financial flexibility index to measure the company's free cash flow as a share of total liabilities.
MGE Energy Inc Capital Reinvestment Ratio by Year (1994–2025)
MGE Energy Inc capital reinvestment ratio by year from 1994 to 2025. For the full cash flow conversion analysis, see cash flow conversion of MGE Energy Inc.
| 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 | — |