MGE Energy Inc
MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity; purchases and distributes natural gas; owns and le… Read more
MGE Energy Inc (MGEE) - Net Assets
Latest net assets as of December 2025: $1.30 Billion USD
Based on the latest financial reports, MGE Energy Inc (MGEE) has net assets worth $1.30 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.16 Billion) and total liabilities ($1.85 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.30 Billion |
| % of Total Assets | 41.32% |
| Annual Growth Rate | 6.29% |
| 5-Year Change | 20.55% |
| 10-Year Change | 33.6% |
| Growth Volatility | 5.35 |
MGE Energy Inc - Net Assets Trend (1994–2025)
This chart illustrates how MGE Energy Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MGE Energy Inc (1994–2025)
The table below shows the annual net assets of MGE Energy Inc from 1994 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.30 Billion | +6.00% |
| 2024-12-31 | $1.23 Billion | +7.90% |
| 2023-12-31 | $1.14 Billion | 0.00% |
| 2023-10-31 | $1.14 Billion | +5.40% |
| 2022-12-31 | $1.08 Billion | 0.00% |
| 2022-10-31 | $1.08 Billion | +5.28% |
| 2021-12-31 | $1.03 Billion | 0.00% |
| 2021-10-31 | $1.03 Billion | +5.27% |
| 2020-12-31 | $976.00 Million | 0.00% |
| 2020-10-31 | $976.00 Million | +14.06% |
| 2019-12-31 | $855.68 Million | 0.00% |
| 2019-10-31 | $855.68 Million | +4.78% |
| 2018-12-31 | $816.64 Million | 0.00% |
| 2018-10-31 | $816.64 Million | +4.94% |
| 2017-12-31 | $778.19 Million | 0.00% |
| 2017-10-31 | $778.19 Million | +7.47% |
| 2016-12-31 | $724.09 Million | 0.00% |
| 2016-10-31 | $724.09 Million | +4.87% |
| 2015-12-31 | $690.46 Million | 0.00% |
| 2015-10-31 | $690.46 Million | +4.71% |
| 2014-12-31 | $659.40 Million | 0.00% |
| 2014-10-31 | $659.40 Million | +6.78% |
| 2013-12-31 | $617.51 Million | 0.00% |
| 2013-10-31 | $617.51 Million | +6.57% |
| 2012-12-31 | $579.43 Million | 0.00% |
| 2012-10-31 | $579.43 Million | +5.17% |
| 2011-12-31 | $550.95 Million | 0.00% |
| 2011-10-31 | $550.95 Million | +4.93% |
| 2010-12-31 | $525.08 Million | 0.00% |
| 2010-10-31 | $525.08 Million | +4.64% |
| 2009-12-31 | $501.80 Million | 0.00% |
| 2009-10-31 | $501.80 Million | +4.93% |
| 2008-12-31 | $478.20 Million | 0.00% |
| 2008-10-31 | $478.20 Million | +11.80% |
| 2007-12-31 | $427.73 Million | 0.00% |
| 2007-10-31 | $427.73 Million | +13.95% |
| 2006-12-31 | $375.35 Million | 0.00% |
| 2006-10-31 | $375.35 Million | +9.15% |
| 2005-12-31 | $343.88 Million | 0.00% |
| 2005-10-31 | $343.88 Million | +1.68% |
| 2004-12-31 | $338.20 Million | 0.00% |
| 2004-10-31 | $338.20 Million | +28.56% |
| 2003-12-31 | $263.07 Million | 0.00% |
| 2003-10-31 | $263.07 Million | +15.70% |
| 2002-12-31 | $227.37 Million | 0.00% |
| 2002-10-31 | $227.37 Million | +5.12% |
| 2001-12-31 | $216.29 Million | 0.00% |
| 2001-10-31 | $216.29 Million | +7.98% |
| 2000-12-31 | $200.31 Million | 0.00% |
| 2000-10-31 | $200.31 Million | +7.87% |
| 1999-12-31 | $185.70 Million | 0.00% |
| 1999-10-31 | $185.70 Million | +1.87% |
| 1998-12-31 | $182.30 Million | 0.00% |
| 1998-10-31 | $182.30 Million | +0.77% |
| 1997-12-31 | $180.90 Million | 0.00% |
| 1997-10-31 | $180.90 Million | +1.01% |
| 1996-12-31 | $179.10 Million | 0.00% |
| 1996-10-31 | $179.10 Million | -7.25% |
| 1995-12-31 | $193.10 Million | 0.00% |
| 1995-10-31 | $193.10 Million | -0.77% |
| 1994-12-31 | $194.60 Million | 0.00% |
| 1994-10-31 | $194.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MGE Energy Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 975.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $832.43 Million | 63.84% |
| Common Stock | $36.54 Million | 2.80% |
| Other Components | $434.96 Million | 33.36% |
| Total Equity | $1.30 Billion | 100.00% |
MGE Energy Inc Competitors by Market Cap
The table below lists competitors of MGE Energy Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lepu Medical Tech Beijing
SHE:300003
|
$2.71 Billion |
|
Sotera Health Co
NASDAQ:SHC
|
$2.71 Billion |
|
Cactus Inc
NYSE:WHD
|
$2.72 Billion |
|
Nh Investment And Securities 1p
KO:005945
|
$2.72 Billion |
|
SHREE CEMENT LIMITED
NSE:SHREECEM
|
$2.71 Billion |
|
SL Green Realty Corp
NYSE:SLG
|
$2.71 Billion |
|
Lion Corporation
PINK:LIOPY
|
$2.71 Billion |
|
Sphere Entertainment Co.
NYSE:SPHR
|
$2.71 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MGE Energy Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,230,138,000 to 1,303,936,000, a change of 73,798,000 (6.0%).
- Net income of 135,889,000 contributed positively to equity growth.
- Dividend payments of 67,587,000 reduced retained earnings.
- New share issuances of 3,750,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $135.89 Million | +10.42% |
| Dividends Paid | $67.59 Million | -5.18% |
| Share Issuances | $3.75 Million | +0.29% |
| Other Changes | $1.75 Million | +0.13% |
| Total Change | $- | 6.00% |
Book Value vs Market Value Analysis
This analysis compares MGE Energy Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.09x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.18x to 2.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-10-31 | $8.10 | $74.41 | x |
| 1994-12-31 | $8.10 | $74.41 | x |
| 1995-10-31 | $8.03 | $74.41 | x |
| 1995-12-31 | $8.03 | $74.41 | x |
| 1996-10-31 | $7.43 | $74.41 | x |
| 1996-12-31 | $7.43 | $74.41 | x |
| 1997-10-31 | $7.50 | $74.41 | x |
| 1997-12-31 | $7.50 | $74.41 | x |
| 1998-10-31 | $7.55 | $74.41 | x |
| 1998-12-31 | $7.55 | $74.41 | x |
| 1999-10-31 | $7.67 | $74.41 | x |
| 1999-12-31 | $7.67 | $74.41 | x |
| 2000-10-31 | $8.15 | $74.41 | x |
| 2000-12-31 | $8.15 | $74.41 | x |
| 2001-10-31 | $8.57 | $74.41 | x |
| 2001-12-31 | $8.57 | $74.41 | x |
| 2002-10-31 | $8.76 | $74.41 | x |
| 2002-12-31 | $8.76 | $74.41 | x |
| 2003-10-31 | $9.80 | $74.41 | x |
| 2003-12-31 | $9.80 | $74.41 | x |
| 2004-10-31 | $11.79 | $74.41 | x |
| 2004-12-31 | $11.79 | $74.41 | x |
| 2005-10-31 | $11.22 | $74.41 | x |
| 2005-12-31 | $11.22 | $74.41 | x |
| 2006-10-31 | $12.17 | $74.41 | x |
| 2006-12-31 | $12.17 | $74.41 | x |
| 2007-10-31 | $13.25 | $74.41 | x |
| 2007-12-31 | $13.25 | $74.41 | x |
| 2008-10-31 | $14.36 | $74.41 | x |
| 2008-12-31 | $14.36 | $74.41 | x |
| 2009-10-31 | $14.50 | $74.41 | x |
| 2009-12-31 | $14.50 | $74.41 | x |
| 2010-10-31 | $15.14 | $74.41 | x |
| 2010-12-31 | $15.14 | $74.41 | x |
| 2011-10-31 | $15.89 | $74.41 | x |
| 2011-12-31 | $15.89 | $74.41 | x |
| 2012-10-31 | $16.71 | $74.41 | x |
| 2012-12-31 | $16.71 | $74.41 | x |
| 2013-10-31 | $17.81 | $74.41 | x |
| 2013-12-31 | $17.81 | $74.41 | x |
| 2014-10-31 | $19.02 | $74.41 | x |
| 2014-12-31 | $19.02 | $74.41 | x |
| 2015-10-31 | $19.92 | $74.41 | x |
| 2015-12-31 | $19.92 | $74.41 | x |
| 2016-10-31 | $20.89 | $74.41 | x |
| 2016-12-31 | $20.89 | $74.41 | x |
| 2017-10-31 | $22.45 | $74.41 | x |
| 2017-12-31 | $22.45 | $74.41 | x |
| 2018-10-31 | $23.56 | $74.41 | x |
| 2018-12-31 | $23.56 | $74.41 | x |
| 2019-10-31 | $24.68 | $74.41 | x |
| 2019-12-31 | $24.68 | $74.41 | x |
| 2020-10-31 | $27.41 | $74.41 | x |
| 2020-12-31 | $27.41 | $74.41 | x |
| 2021-10-31 | $28.41 | $74.41 | x |
| 2021-12-31 | $28.41 | $74.41 | x |
| 2022-10-31 | $29.90 | $74.41 | x |
| 2022-12-31 | $29.90 | $74.41 | x |
| 2023-10-31 | $31.51 | $74.41 | x |
| 2023-12-31 | $31.51 | $74.41 | x |
| 2024-12-31 | $33.95 | $74.41 | x |
| 2025-12-31 | $35.65 | $74.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MGE Energy Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.42%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.27%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 2.42x
- Recent ROE (10.42%) is below the historical average (11.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 12.85% | 10.20% | 0.50x | 2.51x | $5.54 Million |
| 1994 | 12.85% | 10.20% | 0.50x | 2.51x | $5.54 Million |
| 1995 | 12.43% | 9.65% | 0.50x | 2.56x | $4.69 Million |
| 1995 | 12.43% | 9.65% | 0.50x | 2.56x | $4.69 Million |
| 1996 | 3.57% | 2.53% | 0.52x | 2.70x | $-11.51 Million |
| 1996 | 3.57% | 2.53% | 0.52x | 2.70x | $-11.51 Million |
| 1997 | 12.44% | 8.50% | 0.56x | 2.61x | $4.41 Million |
| 1997 | 12.44% | 8.50% | 0.56x | 2.61x | $4.41 Million |
| 1998 | 12.18% | 8.89% | 0.54x | 2.56x | $3.97 Million |
| 1998 | 12.18% | 8.89% | 0.54x | 2.56x | $3.97 Million |
| 1999 | 12.76% | 8.65% | 0.55x | 2.67x | $5.13 Million |
| 1999 | 12.76% | 8.65% | 0.55x | 2.67x | $5.13 Million |
| 2000 | 13.66% | 8.44% | 0.57x | 2.85x | $7.32 Million |
| 2000 | 13.66% | 8.44% | 0.57x | 2.85x | $7.32 Million |
| 2001 | 12.60% | 8.16% | 0.62x | 2.50x | $5.62 Million |
| 2001 | 12.60% | 8.16% | 0.62x | 2.50x | $5.62 Million |
| 2002 | 12.84% | 8.41% | 0.55x | 2.77x | $6.46 Million |
| 2002 | 12.84% | 8.41% | 0.55x | 2.77x | $6.46 Million |
| 2003 | 11.65% | 7.63% | 0.56x | 2.74x | $4.33 Million |
| 2003 | 11.65% | 7.63% | 0.56x | 2.74x | $4.33 Million |
| 2004 | 10.01% | 7.96% | 0.51x | 2.45x | $20.30K |
| 2004 | 10.01% | 7.96% | 0.51x | 2.45x | $20.30K |
| 2005 | 9.33% | 6.25% | 0.56x | 2.67x | $-2.30 Million |
| 2005 | 9.33% | 6.25% | 0.56x | 2.67x | $-2.30 Million |
| 2006 | 11.30% | 8.36% | 0.52x | 2.62x | $4.89 Million |
| 2006 | 11.30% | 8.36% | 0.52x | 2.62x | $4.89 Million |
| 2007 | 11.42% | 9.08% | 0.48x | 2.60x | $6.05 Million |
| 2007 | 11.42% | 9.08% | 0.48x | 2.60x | $6.05 Million |
| 2008 | 11.03% | 8.85% | 0.47x | 2.65x | $4.95 Million |
| 2008 | 11.03% | 8.85% | 0.47x | 2.65x | $4.95 Million |
| 2009 | 10.16% | 9.55% | 0.42x | 2.55x | $817.50K |
| 2009 | 10.16% | 9.55% | 0.42x | 2.55x | $817.50K |
| 2010 | 10.99% | 10.84% | 0.40x | 2.51x | $5.21 Million |
| 2010 | 10.99% | 10.84% | 0.40x | 2.51x | $5.21 Million |
| 2011 | 11.06% | 11.15% | 0.37x | 2.65x | $5.83 Million |
| 2011 | 11.06% | 11.15% | 0.37x | 2.65x | $5.83 Million |
| 2012 | 11.12% | 11.91% | 0.34x | 2.74x | $6.50 Million |
| 2012 | 11.12% | 11.91% | 0.34x | 2.74x | $6.50 Million |
| 2013 | 12.13% | 12.68% | 0.37x | 2.56x | $13.15 Million |
| 2013 | 12.13% | 12.68% | 0.37x | 2.56x | $13.15 Million |
| 2014 | 12.18% | 12.96% | 0.37x | 2.57x | $14.38 Million |
| 2014 | 12.18% | 12.96% | 0.37x | 2.57x | $14.38 Million |
| 2015 | 10.33% | 12.65% | 0.33x | 2.51x | $2.30 Million |
| 2015 | 10.33% | 12.65% | 0.33x | 2.51x | $2.30 Million |
| 2016 | 10.44% | 13.87% | 0.30x | 2.49x | $3.15 Million |
| 2016 | 10.44% | 13.87% | 0.30x | 2.49x | $3.15 Million |
| 2017 | 12.54% | 17.33% | 0.30x | 2.38x | $19.79 Million |
| 2017 | 12.54% | 17.33% | 0.30x | 2.38x | $19.79 Million |
| 2018 | 10.31% | 15.05% | 0.28x | 2.44x | $2.55 Million |
| 2018 | 10.31% | 15.05% | 0.28x | 2.44x | $2.55 Million |
| 2019 | 9.44% | 14.20% | 0.27x | 2.43x | $-4.79 Million |
| 2019 | 10.15% | 15.27% | 0.27x | 2.43x | $1.31 Million |
| 2020 | 9.47% | 17.16% | 0.24x | 2.31x | $-5.18 Million |
| 2020 | 9.47% | 17.16% | 0.24x | 2.31x | $-5.18 Million |
| 2021 | 10.29% | 17.44% | 0.26x | 2.31x | $3.01 Million |
| 2021 | 10.29% | 17.44% | 0.26x | 2.31x | $3.01 Million |
| 2022 | 10.26% | 15.53% | 0.28x | 2.33x | $2.78 Million |
| 2022 | 10.26% | 15.53% | 0.28x | 2.33x | $2.78 Million |
| 2023 | 10.32% | 17.05% | 0.26x | 2.35x | $3.69 Million |
| 2023 | 10.32% | 17.05% | 0.26x | 2.35x | $3.69 Million |
| 2024 | 9.80% | 17.81% | 0.24x | 2.30x | $-2.44 Million |
| 2025 | 10.42% | 18.27% | 0.24x | 2.42x | $5.50 Million |
Industry Comparison
This section compares MGE Energy Inc's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $19,749,720,789
- Average return on equity (ROE) among peers: 9.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MGE Energy Inc (MGEE) | $1.30 Billion | 12.85% | 1.42x | $2.71 Billion |
| Aboitiz Equity Ventures Inc (ABOIF) | $21.34 Billion | 14.80% | 0.79x | $1.55 Billion |
| Ameren Corp (AEE) | $4.55 Billion | 11.50% | 2.12x | $30.51 Billion |
| American Electric Power Co Inc (AEP) | $26.99 Billion | 10.99% | 2.82x | $71.56 Billion |
| Avangrid Inc (AGR) | $500.50 Million | 10.07% | 2.97x | $2.56 Billion |
| Central Puerto S.A. (CEPU) | $4.66 Billion | 28.55% | 1.05x | $2.49 Billion |
| CLP Holdings Ltd (CLPHY) | $125.97 Billion | 9.20% | 0.86x | $14.34 Billion |
| CMS Energy Corporation (CMS) | $2.46 Billion | 11.28% | 5.30x | $23.53 Billion |
| CenterPoint Energy Inc (CNP) | $8.35 Billion | -9.26% | 3.01x | $27.76 Billion |
| The Connecticut Light and Power Company (CNTHP) | $2.55 Billion | -9.96% | 3.94x | $506.99K |
| Caribbean Utilities Company Ltd (CUPUF) | $133.72 Million | 17.09% | 1.34x | $224.77 Million |