MGE Energy Inc (MGEE)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 146,262 | 146,385 | 137,743 | 117,294 | 109,997 |
| Revenue | US$ in thousands | 676,944 | 690,431 | 714,519 | 606,584 | 538,633 |
| Operating profit margin | 21.61% | 21.20% | 19.28% | 19.34% | 20.42% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $146,262K ÷ $676,944K
= 21.61%
Based on the data provided, MGE Energy Inc's operating profit margin has shown some fluctuations over the period from 2020 to 2024.
In December 31, 2020, the operating profit margin was 20.42%, but it slightly decreased to 19.34% by December 31, 2021. However, there was a marginal decrease in the operating profit margin to 19.28% by December 31, 2022.
The operating profit margin then improved in the subsequent years, reaching 21.20% by December 31, 2023, and further increasing to 21.61% by December 31, 2024.
This indicates a positive trend in the company's ability to generate profits from its core operations, with a notable improvement in profitability in the later years of the period. It is essential for the company's management to continue monitoring and managing the operating costs and revenue streams effectively to sustain and potentially enhance this trend in the future.