MGEE vs OPAL
MGE Energy Inc. and Opal Fuels Inc., side by side — 5 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MGEE | OPAL |
|---|---|---|
| Revenue | $743.7M | $349.0M |
| Net income | $135.9M | $36.4M |
| Gross margin | · | · |
| Net margin | 18.7% | 10.4% |
| Return on equity | 10.7% | · |
| Diluted EPS | $3.72 | $0.15 |
| Dividend / share | $1.85 | · |
| Payout ratio | 49.7% | · |
| Free cash flow | $-80.0M | $-34.2M |
| Equity | $1.3B | $-12.9M |
| Net debt / equity | 0.62× | · |
| Current ratio | 0.77× | 1.18× |
| Revenue CAGR 5y | 6.7% | · |
| Profit CAGR 5y | 8.0% | · |
MGEE bills 2.1× the revenue of OPAL, and keeps more of each dollar of revenue as profit (18.7% against 10.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
5 years side by side
| Fiscal year | MGEE | OPAL |
|---|---|---|
| FY2025 | $743.7M | $349.0M |
| FY2024 | $676.9M | $300.0M |
| FY2023 | $690.4M | $256.1M |
| FY2022 | $714.5M | $235.5M |
| FY2021 | $606.6M | $166.1M |
Bottom line
| Fiscal year | MGEE | OPAL |
|---|---|---|
| FY2025 | $135.9M | $36.4M |
| FY2024 | $120.6M | $14.3M |
| FY2023 | $117.7M | $127.0M |
| FY2022 | $111.0M | $32.6M |
| FY2021 | $105.8M | $40.8M |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$394,679,000 | MGEE |
| FY2024 | +$376,972,000 | MGEE |
| FY2023 | +$434,323,000 | MGEE |
| FY2022 | +$478,988,000 | MGEE |
| FY2021 | +$440,460,000 | MGEE |
MGEE has reported the higher revenue in every one of these 5 fiscal years. The gap has narrowed since the earliest year compared.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +8.3 pp | MGEE |
| FY2024 | +13.5 pp | MGEE |
| FY2023 | −32.1 pp | OPAL |
| FY2022 | +2.0 pp | MGEE |
| FY2021 | −6.7 pp | OPAL |
The higher net margin has changed hands between MGEE and OPAL over this period.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
OPAL's net margin has been more volatile than MGEE's over the 5 comparable fiscal years — 15.8 percentage points of standard deviation against 1.0.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MGEE and OPAL over these 5 fiscal years — MGEE led in 3 and OPAL in 2.
5 of 18 comparable fiscal years — a year missing data on either side is not counted.