MGE Energy Inc (MGEE) — Cash Flow Quality Index
Latest as of December 2025:
1.48x
MGE Energy Inc (MGEE) has a Cash Flow Quality Index of 1.48x as of December 2025. Operating cash flow of $34.46 Million exceeds net income of $23.30 Million, indicating high earnings quality where cash backs reported profits. Explore MGEE long-term investments to assets to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
1.48x
Operating CF / Net Income
Operating Cash Flow
$34.46 Million
USD
Net Income
$23.30 Million
USD
Data as of
Dec 2025
Most recent filing
MGE Energy Inc Cash Flow Quality Index (1994–2025)
Historical Cash Flow Quality Index for MGE Energy Inc across 62 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check MGEE tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for MGE Energy Inc (1994–2025)
Year-by-year earnings quality comparison for MGE Energy Inc. For live market cap and the full company financial profile, see MGEE market cap.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.94x | $263.23 Million | $135.89 Million | ▼ -15.9% |
| 2024 | 2.30x | $277.78 Million | $120.57 Million | ▲ +14.1% |
| 2023 | 2.02x | $237.56 Million | $117.70 Million | ▲ +0.0% |
| 2023 | 2.02x | $237.56 Million | $117.70 Million | ▲ +45.7% |
| 2022 | 1.39x | $153.74 Million | $110.95 Million | ▲ +0.0% |
| 2022 | 1.39x | $153.74 Million | $110.95 Million | ▲ +6.6% |
| 2021 | 1.30x | $137.53 Million | $105.76 Million | ▲ +0.0% |
| 2021 | 1.30x | $137.53 Million | $105.76 Million | ▼ -30.3% |
| 2020 | 1.87x | $172.44 Million | $92.42 Million | ▲ +0.0% |
| 2020 | 1.87x | $172.44 Million | $92.42 Million | ▲ +24.2% |
| 2019 | 1.50x | $130.47 Million | $86.87 Million | ▲ +0.0% |
| 2019 | 1.50x | $130.47 Million | $86.87 Million | ▼ -17.4% |
| 2018 | 1.82x | $153.04 Million | $84.22 Million | ▲ +0.0% |
| 2018 | 1.82x | $153.04 Million | $84.22 Million | ▲ +33.4% |
| 2017 | 1.36x | $132.99 Million | $97.61 Million | ▲ +0.0% |
| 2017 | 1.36x | $132.99 Million | $97.61 Million | ▼ -30.2% |
| 2016 | 1.95x | $147.51 Million | $75.56 Million | ▲ +0.0% |
| 2016 | 1.95x | $147.51 Million | $75.56 Million | ▼ -1.3% |
| 2015 | 1.98x | $141.19 Million | $71.34 Million | ▲ +0.0% |
| 2015 | 1.98x | $141.19 Million | $71.34 Million | ▲ +23.4% |
| 2014 | 1.60x | $128.76 Million | $80.32 Million | ▲ +0.0% |
| 2014 | 1.60x | $128.76 Million | $80.32 Million | ▼ -14.4% |
| 2013 | 1.87x | $140.27 Million | $74.91 Million | ▲ +0.0% |
| 2013 | 1.87x | $140.27 Million | $74.91 Million | ▼ -17.3% |
| 2012 | 2.27x | $146.00 Million | $64.45 Million | ▲ +0.0% |
| 2012 | 2.27x | $146.00 Million | $64.45 Million | ▲ +5.6% |
| 2011 | 2.15x | $130.77 Million | $60.93 Million | ▲ +0.0% |
| 2011 | 2.15x | $130.77 Million | $60.93 Million | ▼ -0.1% |
| 2010 | 2.15x | $124.03 Million | $57.72 Million | ▲ +0.0% |
| 2010 | 2.15x | $124.03 Million | $57.72 Million | ▼ -7.1% |
| 2009 | 2.31x | $117.91 Million | $51.00 Million | ▲ +0.0% |
| 2009 | 2.31x | $117.91 Million | $51.00 Million | ▲ +63.3% |
| 2008 | 1.42x | $74.71 Million | $52.77 Million | ▲ +0.0% |
| 2008 | 1.42x | $74.71 Million | $52.77 Million | ▼ -9.7% |
| 2007 | 1.57x | $76.59 Million | $48.83 Million | ▲ +0.0% |
| 2007 | 1.57x | $76.59 Million | $48.83 Million | ▼ -34.1% |
| 2006 | 2.38x | $101.04 Million | $42.42 Million | ▲ +0.0% |
| 2006 | 2.38x | $101.04 Million | $42.42 Million | ▲ +53.4% |
| 2005 | 1.55x | $49.83 Million | $32.09 Million | ▲ +0.0% |
| 2005 | 1.55x | $49.83 Million | $32.09 Million | ▼ -15.7% |
| 2004 | 1.84x | $62.31 Million | $33.84 Million | ▲ +0.0% |
| 2004 | 1.84x | $62.31 Million | $33.84 Million | ▼ -17.8% |
| 2003 | 2.24x | $68.60 Million | $30.64 Million | ▲ +0.0% |
| 2003 | 2.24x | $68.60 Million | $30.64 Million | ▲ +15.2% |
| 2002 | 1.94x | $56.73 Million | $29.19 Million | ▲ +0.0% |
| 2002 | 1.94x | $56.73 Million | $29.19 Million | ▼ -29.1% |
| 2001 | 2.74x | $74.68 Million | $27.25 Million | ▲ +0.0% |
| 2001 | 2.74x | $74.68 Million | $27.25 Million | ▲ +57.0% |
| 2000 | 1.75x | $47.77 Million | $27.36 Million | ▲ +0.0% |
| 2000 | 1.75x | $47.77 Million | $27.36 Million | ▼ -31.4% |
| 1999 | 2.54x | $60.30 Million | $23.70 Million | ▲ +0.0% |
| 1999 | 2.54x | $60.30 Million | $23.70 Million | ▼ -19.9% |
| 1998 | 3.18x | $70.50 Million | $22.20 Million | ▲ +0.0% |
| 1998 | 3.18x | $70.50 Million | $22.20 Million | ▲ +75.1% |
| 1997 | 1.81x | $40.80 Million | $22.50 Million | ▲ +0.0% |
| 1997 | 1.81x | $40.80 Million | $22.50 Million | ▼ -76.0% |
| 1996 | 7.55x | $48.30 Million | $6.40 Million | ▲ +0.0% |
| 1996 | 7.55x | $48.30 Million | $6.40 Million | ▲ +256.5% |
| 1995 | 2.12x | $50.80 Million | $24.00 Million | ▲ +0.0% |
| 1995 | 2.12x | $50.80 Million | $24.00 Million | ▲ +29.1% |
| 1994 | 1.64x | $41.00 Million | $25.00 Million | ▲ +0.0% |
| 1994 | 1.64x | $41.00 Million | $25.00 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.