Filing Flows › MGE Energy (MGEE) › Operating margin
MGE Energy (MGEE) operating margin by quarter
MGE Energy's operating margin was 30.5% in Q3 2026 (third quarter 2026), +10.3 pts from Q2 2026. Over the last 7 quarters it ranged from 16.1% (Q4 2024) to 30.5% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 30.5% | +10.3 pts | +1.4 pts |
| Q2 2026 | 20.2% | -1.7 pts | -1.2 pts |
| Q1 2026 | 21.9% | +4.8 pts | — |
| Q4 2025 | 17.1% | -11.9 pts | +1.0 pts |
| Q3 2025 | 29.1% | +7.6 pts | — |
| Q2 2025 | 21.5% | +5.3 pts | — |
| Q4 2024 | 16.1% | — | — |
Q3 2026 at a glance
MGE Energy, Q3 2026: revenue $190M (+8% year over year), operating margin 30.5%, net earnings $56.4M, operating cash flow $92.2M. The chart follows the revenue to costs, profit and cash.
Questions
What is MGE Energy's operating margin?
MGE Energy's operating margin was 30.5% in Q3 2026 (third quarter 2026), +10.3 pts from Q2 2026.
How has MGE Energy's operating margin changed?
Over the last 7 quarters it ranged from 16.1% (Q4 2024) to 30.5% (Q3 2026).