MGE Energy (MGEE) vs TXNM Energy (TXNM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
TXNM Energy (TXNM) has outperformed MGE Energy (MGEE) over the past year, gaining 3.0% versus a loss of 15.9%. Over five years, TXNM leads with a +17.9% price change compared with -6.5% for MGEE. TXNM Energy is the larger company by market cap ($6.44 billion vs $2.66 billion), about 2.4 times the size.
On valuation, MGE Energy trades at a lower forward P/E (16.8x vs 18.0x for TXNM Energy). TXNM Energy offers the higher dividend yield (2.86% vs 2.70%). MGE Energy converts more of its revenue into profit, with a net margin of 18.3% versus 7.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MGEE | TXNM |
|---|---|---|
| Share price | $70.39 | $58.51 |
| Market cap | $2.66B | $6.44B |
| 1-day change | -0.28% | -0.07% |
| YTD return | -10.24% | -0.63% |
| 1-year return | -15.87% | +3.01% |
| 5-year return | -6.53% | +17.92% |
| P/E ratio (TTM) | 17.29 | 33.63 |
| Forward P/E | 16.78 | 18.00 |
| EPS (TTM) | $4.07 | $1.74 |
| Dividend yield | 2.70% | 2.86% |
| Annual dividend | $1.90 | $1.68 |
| Revenue (latest FY) | $743.65M | $2.17B |
| Revenue growth (YoY) | +9.85% | +9.86% |
| Net income (latest FY) | $135.89M | $169.83M |
| Operating margin | 22.95% | 20.37% |
| Net margin | 18.27% | 7.84% |
| 52-week high | $87.94 | $59.53 |
| 52-week low | $68.01 | $55.64 |
| Distance from 52-week high | -19.96% | -1.71% |
| Analyst consensus | hold | none |
| Avg. price target upside | +9.11% | +3.74% |
| Average volume | 180.84K | 1.26M |
| Shares outstanding | 37.75M | 110.13M |
| Employees | 726 | 1,755 |
| Sector | Energy | Utilities |
| Industry | Electric Utilities: Central | Electric Utilities: Central |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- TXNM Energy is about 2.4 times larger than MGE Energy by market value ($6.44B vs $2.66B).
- TXNM has outperformed MGEE by 18.9 percentage points over the past year.
- TXNM Energy trades at a higher earnings multiple (33.6x vs 17.3x trailing P/E).
- MGE Energy is more profitable, keeping 18.3 cents of every revenue dollar as net income versus 7.8 cents for TXNM Energy.
- The two companies sit in different sectors: MGE Energy in Energy and TXNM Energy in Utilities.
About MGE Energy
MGEE stock →MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments.
Energy · Electric Utilities: Central · 726 employees
About TXNM Energy
TXNM stock →TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate.
Utilities · Electric Utilities: Central · 1,755 employees
MGEE vs TXNM FAQ
Which is bigger, MGE Energy or TXNM Energy?
TXNM Energy (TXNM) is larger, with a market capitalization of $6.44B compared with $2.66B for MGE Energy (MGEE).
Which stock has performed better over the past year, MGEE or TXNM?
TXNM returned +3.01% over the past 12 months, compared with -15.87% for MGEE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MGEE or TXNM?
MGEE has the lower trailing P/E at 17.3, versus 33.6 for TXNM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, MGE Energy or TXNM Energy?
TXNM Energy has the higher yield at 2.86%, compared with 2.70% for MGE Energy.
Are MGE Energy and TXNM Energy in the same industry?
Yes. Both are classified in the Electric Utilities: Central industry within the Energy sector.