Company / Working Capital
MGE Energy, Inc. Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$68.2M
FY2025
5-year range
-$68.2M / $101.7M
FY2021-FY2025
Trend
-167.0%
vs FY2024
Sector context
#25 of 73
Utilities
What the data says
At -$68M, MGE Energy, Inc.'s working capital ranks #25 of 73 in the Utilities sector. Working Capital has fluctuated over the past 10 years, ranging from -$68M in FY2025 to $172M in FY2016.
Based on SEC 10-K filings.
-$68M in FY2025.
Declined from $81M to -$68M over the past 2 years.
Utilities sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
#25 of 73 in UtilitiesTop 34% of 73This company -$68.2M Sector average -$608.9M
▼
+88.8% above sector average
Key checks
Key Insights
- In FY2025, working capital decreased 167.0% year-over-year.
- Ranks #25 out of 73 companies in the Utilities sector.
- Peak working capital was recorded in FY2016.
Company context
Key Data Points
- Altman Z-Score 0.45 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$68.2M | -167.0% |
| FY2024 | $101.7M | +25.5% |
| FY2023 | $81.0M | +340.0% |
| FY2022 | $18.4M | -77.4% |
| FY2021 | $81.5M | +338.5% |
| FY2020 | $18.6M | -64.8% |
| FY2019 | $52.8M | -56.0% |
| FY2018 | $119.9M | -26.9% |
| FY2017 | $164.1M | -4.6% |
| FY2016 | $172.0M | +0.8% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026