Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on equity (ROE) high or low?
The return on equity (ROE) of 10.39% is in line with its 5-year average of 10.20%, near the high end of its 5-year range (9.58%–10.58%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.28% below its 12-month average of 10.42%.
Trailing-twelve-month return on equity at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 10.39%.
RETURN ON EQUITY (ROE)
10.39%
RETURN ON EQUITY (ROE) AVG TTM
10.42%
RETURN ON EQUITY (ROE) AVG 3Y
10.33%
RETURN ON EQUITY (ROE) AVG 5Y
10.20%
RETURN ON EQUITY (ROE) AVG 10Y
10.16%
RETURN ON EQUITY (ROE) AVG 15Y
10.75%
RETURN ON EQUITY (ROE) AVG 20Y
10.82%
CURRENT VS TTM AVG
-0.28%
CURRENT VS 3Y AVG
+0.52%
CURRENT VS 5Y AVG
+1.84%
CURRENT VS 10Y AVG
+2.21%
CURRENT VS 15Y AVG
-3.37%
CURRENT VS 20Y AVG
-4.01%
SECTOR MEDIAN · UTILITIES
9.06%
median of 63 covered companies
CURRENT VS SECTOR MEDIAN
+14.65%
vs the sector median at left
MGE Energy, Inc.
Market Cap
$2.66B
Return on Equity (ROE)
10.39%
TTM Avg
10.42%
3Y Avg
10.33%
5Y Avg
10.20%
Market Cap
$2.50B
Return on Equity (ROE)
8.80%
TTM Avg
6.13%
3Y Avg
2.75%
5Y Avg
-2.53%
Market Cap
$2.95B
Return on Equity (ROE)
8.05%
TTM Avg
7.04%
3Y Avg
6.90%
5Y Avg
6.80%
Market Cap
$2.32B
Return on Equity (ROE)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$3.25B
Return on Equity (ROE)
17.59%
TTM Avg
16.50%
3Y Avg
8.25%
5Y Avg
8.25%
Market Cap
$2.00B
Return on Equity (ROE)
8.08%
TTM Avg
6.69%
3Y Avg
7.00%
5Y Avg
7.51%
Market Cap
$1.48B
Return on Equity (ROE)
-21.67%
TTM Avg
-3.22%
3Y Avg
-11.93%
5Y Avg
40.09%
Market Cap
$4.11B
Return on Equity (ROE)
N/A
TTM Avg
28.61%
3Y Avg
28.61%
5Y Avg
28.61%
| NAME | MARKET CAP | RETURN ON EQUITY (ROE) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MGE Energy, Inc. (MGEE) | $2.66B | 10.39% | 10.42% | 10.33% | 10.20% |
| ReNew Energy Global Plc (RNW)vs › | $2.50B | 8.80% | 6.13% | 2.75% | -2.53% |
| H2O America (HTO)vs › | $2.44B | 5.80% | 6.77% | 6.77% | 6.60% |
| Avista Corporation (AVA)vs › | $2.95B | 8.05% | 7.04% | 6.90% | 6.80% |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.32B | N/A | N/A | N/A | N/A |
| SOLV Energy, Inc. Class A Common Stock (MWH)vs › | $3.25B | 17.59% | 16.50% | 8.25% | 8.25% |
| Northwest Natural Holding Company (NWN)vs › | $2.00B | 8.08% | 6.69% | 7.00% | 7.51% |
| Fluence Energy, Inc. (FLNC)vs › | $1.48B | -21.67% | -3.22% | -11.93% | 40.09% |
| Fervo Energy Company (FRVO)vs › | $4.11B | N/A | 28.61% | 28.61% | 28.61% |
| Northwestern Energy Group Inc (NWE)vs › | $4.24B | 5.92% | 7.06% | 6.99% | 7.24% |
ROE
10.4%
ROA
4.5%
ROE = Net Income / Total Shareholders' Equity
Return on equity measures how efficiently a company generates profit from shareholders' equity. Higher ROE indicates better capital efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON EQUITY (ROE) |
|---|---|
| 2026-06-30 | 10.39% |
| 2026-03-31 | 10.58% |
| 2025-12-31 | 10.42% |
| 2025-09-30 | 10.37% |
| 2025-06-30 | 10.32% |
| 2025-03-31 | 10.20% |
| 2024-12-31 | 9.80% |
| 2024-09-30 | 9.92% |
| 2024-06-30 | 9.90% |
| 2024-03-31 | 10.39% |
| 2023-12-31 | 10.32% |
| 2023-09-30 | 10.45% |
| 2023-06-30 | 10.29% |
| 2023-03-31 | 9.80% |
| 2022-12-31 | 10.26% |
| 2022-09-30 | 9.58% |
| 2022-06-30 | 9.86% |
| 2022-03-31 | 10.04% |
| 2021-12-31 | 10.29% |
| 2021-09-30 | 10.55% |
| 2021-06-30 | 10.46% |
| 2021-03-31 | 10.15% |
| 2020-12-31 | 9.47% |
| 2020-09-30 | 9.58% |
| 2020-06-30 | 9.65% |
| 2020-03-31 | 10.22% |
| 2019-12-31 | 10.15% |
| 2019-09-30 | 10.17% |
| 2019-06-30 | 12.32% |
| 2019-03-31 | 15.62% |
| 2018-12-31 | 10.10% |
| 2018-09-30 | 12.59% |
| 2018-06-30 | 12.51% |
| 2018-03-31 | 12.27% |
| 2017-12-31 | 12.54% |
| 2017-09-30 | 10.09% |
| 2017-06-30 | 10.47% |
| 2017-03-31 | 10.62% |
| 2016-12-31 | 10.44% |
| 2016-09-30 | 10.04% |
| 2016-06-30 | 10.35% |
| 2016-03-31 | 10.06% |
| 2015-12-31 | 10.33% |
| 2015-09-30 | 10.92% |
| 2015-06-30 | 10.47% |
| 2015-03-31 | 10.62% |
| 2014-12-31 | 12.18% |
| 2014-09-30 | 12.11% |
| 2014-06-30 | 12.53% |
| 2014-03-31 | 12.59% |
| 2013-12-31 | 12.13% |
| 2013-09-30 | 11.64% |
| 2013-06-30 | 11.81% |
| 2013-03-31 | 11.97% |
| 2012-12-31 | 11.12% |
| 2012-09-30 | 10.96% |
| 2012-06-30 | 10.78% |
| 2012-03-31 | 10.60% |
| 2011-12-31 | 11.06% |
| 2011-09-30 | 11.54% |
| 2011-06-30 | 11.59% |
| 2011-03-31 | 11.46% |
| 2010-12-31 | 10.99% |
| 2010-09-30 | 11.34% |
| 2010-06-30 | 10.18% |
| 2010-03-31 | 9.91% |
| 2009-12-31 | 10.16% |
| 2009-09-30 | 6.32% |
| 2009-06-30 | 10.80% |
| 2009-03-31 | 11.01% |
| 2008-12-31 | 11.03% |
| 2008-09-30 | 11.55% |
| 2008-06-30 | 11.49% |
| 2008-03-31 | 11.53% |
| 2007-12-31 | 11.42% |
| 2007-09-30 | 11.65% |
| 2007-06-30 | 11.29% |
| 2007-03-31 | 11.19% |
| 2006-12-31 | 11.30% |
| 2006-09-30 | 11.04% |
| 2006-06-30 | 10.54% |
| 2006-03-31 | 10.16% |
| 2005-12-31 | 9.33% |
| 2005-09-30 | 8.37% |
| 2005-06-30 | 8.21% |
| 2005-03-31 | 8.24% |
| 2004-12-31 | 9.96% |
| 2004-09-30 | 10.24% |
| 2004-06-30 | 12.30% |
| 2004-03-31 | 12.64% |
| 2003-12-31 | 11.65% |
| 2003-09-30 | 11.42% |
| 2003-06-30 | 12.11% |
