Valuation, from the filing
| Public float | $3.22B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $88.16 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 23.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 2.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
23.7× earnings today, against a median of 25.1× across 10 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $3.22B | 23.7× | |
| 2024-06-30 | $2.70B | 22.4× | |
| 2023-06-30 | $2.85B | 24.3× | |
| 2022-06-30 | $2.81B | 25.3× | |
| 2021-06-30 | $2.69B | 25.4× | |
| 2020-06-30 | $2.29B | 24.8× | |
| 2019-06-30 | $2.50B | 28.8× | |
| 2018-06-30 | $2.18B | 25.9× | |
| 2017-06-30 | $2.23B | 22.8× | |
| 2016-06-30 | $1.95B | 25.9× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
MGE ENERGY INC (MGEE) reported net income of $142.78M for the fiscal year ended 2026-03-31. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from MGE ENERGY INC’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2026-03-31 |
|---|---|
| Revenue | Unavailable |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | $170.94M |
| Net income | $142.78M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | Unavailable |
| Income tax expense | $20.32M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | Unavailable |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-03-31 |
|---|---|
| Cash & equivalents | $9.47M |
| Total assets | $3.19B |
| Current assets | $211.13M |
| Total liabilities | Unavailable |
| Current liabilities | $183.16M |
| Total equity incl. NCI | $1.35B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | $59.01M |
| Goodwill | Unavailable |
| Long-term debt | $880.34M |
| Accounts payable | $57.29M |
Cash flow
| Metric | 2026-03-31 |
|---|---|
| Operating cash flow | $266.06M |
| Capital expenditures | $396.71M |
| Investing cash flow | -$405.43M |
| Financing cash flow | $115.19M |
| Net change in cash | -$24.17M |
| Stock-based compensation | Unavailable |
| Common dividends paid | $68.53M |
| Common share repurchases | Unavailable |
| Depreciation & amortization | Unavailable |
Derived
| Metric | 2026-03-31 |
|---|---|
| Free cash flow | -$130.64M |
| Gross margin | Unavailable |
| Operating margin | Unavailable |
| FCF margin | Unavailable |
| SBC / revenue | Unavailable |
| Current ratio | 1.15x |
| Revenue YoY growth | Unavailable |
| Net margin | Unavailable |
| R&D / revenue | Unavailable |
| CapEx / revenue | Unavailable |
| Long-term debt / equity | 0.65x |
| Effective tax rate | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MGEE in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.