MGE Energy Inc (MGEE) - Net Assets

Latest 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. Check how resilient are MGE Energy Inc's assets to evaluate the company's liquid asset resilience ratio.

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. Also explore balance sheet size of MGE Energy Inc for the complete picture of this company's asset base.

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. For live valuation and market cap data, see MGE Energy Inc stock valuation.

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
ICU Medical Inc
NASDAQ:ICUI
 $2.93 Billion
Wuxi Taiji Industry Co Ltd
SHG:600667
 $2.94 Billion
Growthpoint Properties Ltd
JSE:GRT
 $2.94 Billion
China Science Publishing & Media Ltd
SHG:601858
 $2.94 Billion
Kaynes Technology India Limited
NSE:KAYNES
 $2.93 Billion
Kennametal Inc
NYSE:KMT
 $2.93 Billion
Western Union Co
NYSE:WU
 $2.93 Billion
Vapores
SN:VAPORES
 $2.93 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: 2.26x
  • 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 9.95x to 2.26x 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 $80.60 x
1994-12-31 $8.10 $80.60 x
1995-10-31 $8.03 $80.60 x
1995-12-31 $8.03 $80.60 x
1996-10-31 $7.43 $80.60 x
1996-12-31 $7.43 $80.60 x
1997-10-31 $7.50 $80.60 x
1997-12-31 $7.50 $80.60 x
1998-10-31 $7.55 $80.60 x
1998-12-31 $7.55 $80.60 x
1999-10-31 $7.67 $80.60 x
1999-12-31 $7.67 $80.60 x
2000-10-31 $8.15 $80.60 x
2000-12-31 $8.15 $80.60 x
2001-10-31 $8.57 $80.60 x
2001-12-31 $8.57 $80.60 x
2002-10-31 $8.76 $80.60 x
2002-12-31 $8.76 $80.60 x
2003-10-31 $9.80 $80.60 x
2003-12-31 $9.80 $80.60 x
2004-10-31 $11.79 $80.60 x
2004-12-31 $11.79 $80.60 x
2005-10-31 $11.22 $80.60 x
2005-12-31 $11.22 $80.60 x
2006-10-31 $12.17 $80.60 x
2006-12-31 $12.17 $80.60 x
2007-10-31 $13.25 $80.60 x
2007-12-31 $13.25 $80.60 x
2008-10-31 $14.36 $80.60 x
2008-12-31 $14.36 $80.60 x
2009-10-31 $14.50 $80.60 x
2009-12-31 $14.50 $80.60 x
2010-10-31 $15.14 $80.60 x
2010-12-31 $15.14 $80.60 x
2011-10-31 $15.89 $80.60 x
2011-12-31 $15.89 $80.60 x
2012-10-31 $16.71 $80.60 x
2012-12-31 $16.71 $80.60 x
2013-10-31 $17.81 $80.60 x
2013-12-31 $17.81 $80.60 x
2014-10-31 $19.02 $80.60 x
2014-12-31 $19.02 $80.60 x
2015-10-31 $19.92 $80.60 x
2015-12-31 $19.92 $80.60 x
2016-10-31 $20.89 $80.60 x
2016-12-31 $20.89 $80.60 x
2017-10-31 $22.45 $80.60 x
2017-12-31 $22.45 $80.60 x
2018-10-31 $23.56 $80.60 x
2018-12-31 $23.56 $80.60 x
2019-10-31 $24.68 $80.60 x
2019-12-31 $24.68 $80.60 x
2020-10-31 $27.41 $80.60 x
2020-12-31 $27.41 $80.60 x
2021-10-31 $28.41 $80.60 x
2021-12-31 $28.41 $80.60 x
2022-10-31 $29.90 $80.60 x
2022-12-31 $29.90 $80.60 x
2023-10-31 $31.51 $80.60 x
2023-12-31 $31.51 $80.60 x
2024-12-31 $33.95 $80.60 x
2025-12-31 $35.65 $80.60 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: $111,084,490,200
  • Average return on equity (ROE) among peers: -0.59%

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 $2.93 Billion
Ameren Corp (AEE) $6.77 Billion -14.39% 2.23x $30.51 Billion
American Electric Power Co Inc (AEP) $5.01 Billion 19.42% 3.29x $71.56 Billion
CMS Energy Corporation (CMS) $5.05 Billion 13.45% 4.31x $23.30 Billion
CenterPoint Energy Inc (CNP) $1.11 Billion -81.84% 15.43x $27.76 Billion
Dominion Energy Inc (D) $12.04 Billion 23.32% 2.56x $56.20 Billion
DTE Energy Company (DTE) $3.59 Billion 8.62% 2.07x $30.10 Billion
Duke Energy Corporation (DUK) $11.88 Billion 12.68% 1.81x $100.08 Billion
Consolidated Edison Inc (ED) $6.28 Billion 11.63% 1.29x $40.71 Billion
Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) $1.04 Trillion -4.22% 2.12x $519.48 Million
Edison International (EIX) $15.95 Billion 5.46% 3.35x $26.89 Billion

About MGE Energy Inc

NASDAQ:MGEE USA Utilities - Regulated Electric
Market Cap
$2.96 Billion
Market Cap Rank
#5003 Global
#1592 in USA
Share Price
$80.60
Change (1 day)
+0.47%
52-Week Range
$72.45 - $93.48
All Time High
$107.70
Categories
Companies in USA Utilities - Regulated Electric
About

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