MGE Energy Inc (MGEE)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 120,569 | 117,699 | 110,952 | 105,761 | 92,418 |
| Revenue | US$ in thousands | 676,944 | 690,431 | 714,519 | 606,584 | 538,633 |
| Net profit margin | 17.81% | 17.05% | 15.53% | 17.44% | 17.16% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $120,569K ÷ $676,944K
= 17.81%
Based on the provided data, MGE Energy Inc's net profit margin has shown some fluctuations over the past five years.
- In December 31, 2020, the net profit margin was 17.16%, which increased slightly to 17.44% by December 31, 2021. This indicates an improvement in profitability from the company's operations.
- However, by December 31, 2022, the net profit margin decreased to 15.53%, suggesting a decline in profitability compared to the previous year. This could be due to various factors such as increased costs or lower revenue generation.
- The net profit margin then slightly recovered to 17.05% by December 31, 2023, indicating some improvement in profitability.
- Finally, by December 31, 2024, the net profit margin further increased to 17.81%, showing further improvement in profitability for MGE Energy Inc.
Overall, the trend in MGE Energy Inc's net profit margin appears to be somewhat fluctuating but generally improving over the five-year period, with the company successfully maintaining a healthy level of profitability in most years.