MGE Energy

MGE Energy ROCE

The Return on Capital Employed (ROCE) of MGE Energy (MGEE) as of Nov 1, 2026 is 13.09 %. In the previous year, Return on Capital Employed (ROCE) was 11.89 % — a change of 10.07% (higher).

ROCE

13.09 %

YoY

10.07%

Last updated:

In 2025, MGE Energy's return on capital employed (ROCE) was 13.09 %, a 10.07% increase from the 11.89 % ROCE in the previous year.

The MGE Energy ROCE history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROCE
Date
ROCE
Jan 1, 2018
13.98 USD
Jan 1, 2019
13.06 USD
Jan 1, 2020
11.27 USD
Jan 1, 2021
11.42 USD
Jan 1, 2022
12.73 USD
Jan 1, 2023
12.84 USD
Jan 1, 2024
11.89 USD
Jan 1, 2025
13.09 USD
The MGE Energy ROCE history
YEARROCEYoY
13.09 %+10.07%
11.89 %-7.40%
12.84 %+0.83%
12.73 %+11.55%
11.42 %+1.29%
11.27 %-13.74%
13.06 %-6.58%
13.98 %-15.46%
16.54 %-6.58%
17.71 %-1.60%
18.00 %-14.07%
20.94 %—

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MGE Energy Stock analysis

What does MGE Energy do? MGE Energy Inc. is a company operating in the energy sector. It is based in Madison, Wisconsin, USA and was founded in 1855. It focuses on the sale of electricity, gas, and energy efficiency solutions. The company operates under the name Madison Gas & Electric Company (MG&E) and consists of four main divisions that aim to provide electricity and gas to customers in the region. History: MGE Energy was founded in 1855 as Madison Gas Light Company and began installing gas lamps in the city. The company grew rapidly and acquired a coal power plant at the beginning of the 20th century, starting electricity generation. It was renamed Madison Gas & Electric in 1925 and has since continuously strived for sustainable energy production. In recent times, the company has been driving the development of renewable energy sources. Nowadays, MGE is a leading provider of electricity and gas in Wisconsin. Business model: MGE Energy Inc. is an integrated energy provider operating gas and electricity production and supply. The company aims to provide the best quality and service while improving its reach and sustainable energy production capacity. MGE is dedicated to providing energy efficiency solutions to help customers reduce their energy costs and environmental impact. Various divisions: MGE Energy is divided into four main divisions, focusing on different aspects of its operations: 1. MG&E - Electricity and gas supply: MG&E is the largest part of the company and is responsible for supplying customers with electricity and gas in the region. This division is in charge of purchasing electricity and gas from various energy providers and distributing it to end customers. 2. MGE Power - Power plant and electricity supply: MGE Power is responsible for generating electricity from non-renewable energy sources such as coal and natural gas. The company operates a power plant and a network of power lines. 3. New Market - Innovative energy services and products: New Market is the division of MGE Energy that focuses on the development of energy efficiency and renewable energy solutions. The company concentrates on energy-efficient technology, decentralized energy production, and smart grids. 4. MGE Energy Services - Energy services: MGE Energy Services is the service division of the company, offering energy efficiency and leasing services to help customers reduce their energy costs. Products: MGE Energy offers a variety of products and services to its customers: 1. Electricity: MGE Energy offers electricity mainly generated from non-renewable sources such as coal and natural gas. However, the company is working to expand its sustainable energy production through the development of wind, solar, biomass, and hydroelectric power plants. 2. Gas: MGE offers its customers gas, primarily natural gas and liquid propane. It is mainly used for heating buildings and providing hot water. 3. Energy efficiency solutions: MGE Energy provides energy efficiency solutions to help customers reduce their energy costs. The company offers services such as heating, ventilation, and air conditioning solutions, lighting solutions, as well as energy auditing and consulting. 4. Sustainable solutions: MGE is working on the development of renewable energy sources. Efforts in this area include the installation of solar, wind, biomass, and hydroelectric power plants. The company also aims to reduce CO2 emissions and minimize environmental impact. Overall, MGE Energy Inc. is an integrated energy company focusing on the provision of electricity, gas, and energy efficiency solutions. The company strives to improve its reach, sustainable energy production, and energy efficiency performance to provide customers with better service and reduce environmental impact. MGE Energy is one of the most popular companies on Eulerpool.

ROCE Details

Unraveling MGE Energy's Return on Capital Employed (ROCE)

MGE Energy's Return on Capital Employed (ROCE) is a financial metric that measures the company's profitability and efficiency with respect to the capital employed. It is calculated by dividing earnings before interest and tax (EBIT) by the employed capital. A higher ROCE indicates that the company is effectively utilizing its capital to generate profits.

Year-to-Year Comparison

Analyzing MGE Energy's ROCE annually provides valuable insights into its efficiency in using its capital to generate profits. An increasing ROCE indicates improved profitability and operational efficiency, whereas a decrease might signal potential issues in capital utilization or business operations.

Impact on Investments

MGE Energy's ROCE is a critical factor for investors and analysts for evaluating the company’s efficiency and profitability. A higher ROCE can make the company an attractive investment, as it often signifies that the firm is generating adequate profits from its employed capital.

Interpreting ROCE Fluctuations

Changes in MGE Energy’s ROCE are attributed to variations in EBIT or the capital employed. These fluctuations offer insights into the company’s operational efficiency, financial performance, and strategic financial management, assisting investors in making informed investment decisions.

Frequently Asked Questions about MGE Energy stock

Return on Capital Employed (ROCE) of MGE Energy is 13.09 % in 2025.

Return on Capital Employed (ROCE) of MGE Energy changed from 11.89 % to 13.09 %, representing a 10.07% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Return on Capital Employed (ROCE) MGE Energy since 2006 – with annual values, charts, and detailed analysis.

ROCE is a profitability measure and stands for Return on Capital Employed or the return on invested capital. The measure shows the ratio of operating profit to the interest-bearing capital employed. The higher the return on capital employed, the more profitable a company operates and the higher the important free cash flow. The free cash flow refers to the portion of profits that is not needed for expanding the company at the end of a period, but is available to shareholders.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Capital Employed (ROCE)'s MGE Energy with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Capital Employed (ROCE)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Capital Employed (ROCE).

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Profitability — MGE Energy

ROEROAROCEROICAsset TurnoverInventory TurnoverReceivables TurnoverDays Sales OutstandingDays Inventory OutstandingDays Payable OutstandingCash Conversion CycleCROICGross Profit/AssetsFixed Asset TurnoverEquity TurnoverWorking Capital TurnoverPayables TurnoverCapital IntensityReceivables/RevenueInventory/RevenueEBIT/Assets

All Key Metrics — MGE Energy