The Filing Desk

MGE Energy vs Unitil

MGE Energy MGEE · Unitil UTL · Electric Utilities

MGE Energy reported revenue of $744 million in fiscal 2025, 1.4 times Unitil's $536 million in fiscal 2025. MGE Energy's revenue grew 9.8% in its latest year, and Unitil's grew 8.3%. MGE Energy had an operating margin of 22.9%, against 18.9% at Unitil. Free cash flow was −$80 million at MGE Energy and −$54 million at Unitil.

Side by side

MGE EnergyUnitil
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$744M$536M
Revenue growth9.8%8.3%
Revenue growth a year, last 5 years6.7%5.1%
Gross margin——
Operating margin22.9%18.9%
Net margin18.3%9.4%
Free cash flow−$80M−$54M
Free cash flow margin−10.8%−10.0%
Return on capital7.0%5.6%
Net debt to EBITDA——
Dividends and buybacks$68M$30M
Change in diluted share count0.9%4.2%
Last close$73.54$55.27
P/E at the last close18.9×17.4×
Insider trades, last 12 monthsbought $92,720, sold $0—
Piotroski F-score5 of 84 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
MGE EnergyUnitil
Operating margin
Percent of revenue
MGE EnergyUnitil
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MGE EnergyUnitil

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the MGE Energy and Unitil pages.