WEC · Wec Energy Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.43B | - | $2.10B | $2.01B | $3.15B | - | $1.86B | $1.77B | $2.68B | - |
| Cost of Revenue | $1.39B | - | $608.10M | $570.50M | $1.17B | - | $520.80M | $469.70M | $927.10M | - |
| Gross Profit | $2.04B | - | $1.50B | $1.44B | $1.98B | - | $1.34B | $1.30B | $1.75B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $2.45B | - | $1.65B | $1.60B | $2.21B | - | $1.48B | $1.41B | $1.87B | - |
| D&A | $379.80M | - | $373.40M | $368.90M | $359.90M | - | $340.50M | $336.60M | $333.40M | - |
| Operating Income | $980.00M | - | $449.60M | $404.90M | $937.50M | - | $383.70M | $364.80M | $813.40M | - |
| Interest Expense | $228.50M | - | $223.60M | $220.80M | $223.00M | - | $204.20M | $200.60M | $192.00M | - |
| Income Tax | $53.10M | - | $34.40M | $19.50M | $60.70M | - | $31.60M | $41.60M | $87.70M | - |
| Net Income | $804.40M | - | $271.30M | $245.40M | $724.20M | - | $240.10M | $211.30M | $622.30M | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $45.60M | $27.60M | $51.10M | $23.00M | $82.20M | $9.80M | $322.50M | $224.00M | $38.90M | $42.90M |
| Accounts Receivable | $1.91B | $2.06B | $1.27B | $1.50B | $1.81B | $1.67B | $1.18B | $1.24B | $1.56B | $1.50B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $830.80M | $1.14B | $917.00M | $816.50M | $791.50M | $1.14B | $740.70M | $799.90M | $640.90M | $896.60M |
| Current Assets | $2.98B | $3.28B | $2.52B | $2.60B | $2.94B | $2.91B | $2.62B | $2.58B | $2.60B | $2.80B |
| Total Assets | $51.73B | $51.52B | $49.81B | $48.52B | $48.23B | $47.36B | $45.20B | $44.58B | $43.93B | $43.94B |
| Current Liabilities | $4.39B | $5.59B | $5.05B | $4.70B | $5.86B | $4.84B | $4.01B | $3.49B | $4.71B | $5.11B |
| Long-term Debt | $19.38B | $18.50B | $17.66B | $17.11B | $16.16B | $17.18B | - | - | - | $15.37B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $14.57B | $14.05B | $14.01B | $13.67B | $13.43B | $12.80B | $12.39B | $12.39B | $12.43B | $12.07B |
| Retained Earnings | $8.99B | $8.49B | $8.47B | $8.48B | $8.52B | $8.08B | $7.90B | $7.92B | $7.97B | $7.61B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.22B | - | - | - | $1.16B | - | - | - | $863.60M | - |
| Investing Cash Flow | ($886.40M) | - | - | - | ($1.10B) | - | - | - | ($436.20M) | - |
| Financing Cash Flow | ($295.60M) | - | - | - | $40.40M | - | - | - | ($476.50M) | - |
| CapEx | $817.90M | - | - | - | $701.10M | - | - | - | $444.50M | - |
| Free Cash Flow | $400.50M | - | - | - | $461.50M | - | - | - | $419.10M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 59.5% | - | 71.1% | 71.6% | 63.0% | - | 72.1% | 73.5% | 65.4% | - |
| Operating margin | 28.5% | - | 21.4% | 20.1% | 29.8% | - | 20.6% | 20.6% | 30.3% | - |
| EBITDA margin | 39.6% | - | 39.1% | 38.5% | 41.2% | - | 38.9% | 39.6% | 42.8% | - |
| Net margin | 23.4% | - | 12.9% | 12.2% | 23.0% | - | 12.9% | 11.9% | 23.2% | - |
| Free cash flow margin | 11.7% | - | - | - | 14.7% | - | - | - | 15.6% | - |
| FCF / Net income | 0.50 | - | - | - | 0.64 | - | - | - | 0.67 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 6.2% | - | 11.3% | 7.4% | 7.7% | - | 11.6% | 16.4% | 12.4% | - |
| Return on assets | 1.6% | - | 0.5% | 0.5% | 1.5% | - | 0.5% | 0.5% | 1.4% | - |
| Return on equity | 5.5% | - | 1.9% | 1.8% | 5.4% | - | 1.9% | 1.7% | 5.0% | - |
| Return on invested capital | 2.7% | - | 1.3% | 1.2% | 2.9% | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.68 | 0.59 | 0.50 | 0.55 | 0.50 | 0.60 | 0.65 | 0.74 | 0.55 | 0.55 |
| Quick ratio | 0.68 | 0.59 | 0.50 | 0.55 | 0.50 | 0.60 | 0.65 | 0.74 | 0.55 | 0.55 |
| Cash ratio | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.08 | 0.06 | 0.01 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | 1.33 | 1.32 | 1.26 | 1.25 | 1.20 | 1.34 | - | - | - | 1.27 |
| Debt / Assets | 0.37 | 0.36 | 0.35 | 0.35 | 0.34 | 0.36 | - | - | - | 0.35 |
| Debt / EBITDA | 14.25 | - | 21.46 | 22.11 | 12.46 | - | - | - | - | - |
| Interest coverage | 4.3x | - | 2.0x | 1.8x | 4.2x | - | 1.9x | 1.8x | 4.2x | - |
| Equity multiplier | 3.55 | 3.67 | 3.56 | 3.55 | 3.59 | 3.70 | 3.65 | 3.60 | 3.54 | 3.64 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | - | 0.04 | 0.04 | 0.07 | - | 0.04 | 0.04 | 0.06 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 203d | - | 220d | 272d | 210d | - | 230d | 256d | 212d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 218d | - | 550d | 522d | 248d | - | 519d | 622d | 252d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 2.6x | - | 2.7x | 2.5x | 2.6x | - | 2.5x | 2.0x | 2.1x | - |
| P / S | 11.1x | - | 17.7x | 16.7x | 11.0x | - | 16.3x | 14.0x | 9.7x | - |
| EV / EBITDA | 42.2x | - | 66.7x | 65.5x | 39.2x | - | 41.6x | 35.1x | 22.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 9.0% | - | 12.9% | 13.4% | 17.5% | - | -4.8% | -3.2% | -7.2% | - |
| Revenue CAGR (3y) | 5.9% | - | 1.7% | -1.9% | 2.7% | - | 2.2% | 1.9% | -0.1% | - |
| Revenue CAGR (5y) | 5.0% | - | 5.0% | 5.3% | 8.4% | - | 3.0% | 2.2% | 2.4% | - |
| Gross profit growth (YoY) | 3.0% | - | 11.4% | 10.5% | 13.2% | - | -2.0% | 0.4% | 11.1% | - |
| Operating income growth (YoY) | 4.5% | - | 17.2% | 11.0% | 15.3% | - | -18.7% | -14.2% | 21.5% | - |
| Net income growth (YoY) | 11.1% | - | 13.0% | 16.1% | 16.4% | - | -24.0% | -27.1% | 22.6% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -13.2% | - | - | - | 10.1% | - | - | - | 41.3% | - |
| FCF CAGR (5y) | - | - | - | - | 18.9% | - | - | - | 2.1% | - |
| Book value growth (YoY) | 8.5% | 9.8% | 13.1% | 10.3% | 8.1% | 6.1% | 2.4% | 3.0% | 3.7% | 3.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$19.78B totalPublic Utility$9.51B · 48.1%
Wisconsin$7.30B · 36.9%
Illinois$1.68B · 8.5%
Non Utility Energy Infrastructure$770.20M · 3.9%
Other States$527.50M · 2.7%
Product / service
$14.59B totalPublic Utilities$7.30B · 50.0%
Electricity Us Regulated$5.53B · 37.9%
Natural Gas Us Regulated$1.74B · 11.9%
Othernonutilityrevenues$21.80M · 0.1%
Peer comparison
Same SIC group: Electric & Other Services Combined
Comparing WEC ENERGY GROUP against the 5 most active filers in the same SIC group.
Dividends
$3.69/share trailing 12 months · +6.8% YoY
| Ex-date | Per share |
|---|---|
| May 14, 2026 | $0.9530 |
| Feb 13, 2026 | $0.9530 |
| Nov 14, 2025 | $0.8930 |
| Aug 14, 2025 | $0.8930 |
| May 14, 2025 | $0.8930 |
| Feb 14, 2025 | $0.8930 |
| Nov 14, 2024 | $0.8350 |
| Aug 14, 2024 | $0.8350 |
| May 13, 2024 | $0.8350 |
| Feb 13, 2024 | $0.8350 |
| Nov 13, 2023 | $0.7800 |
| Aug 11, 2023 | $0.7800 |
| May 11, 2023 | $0.7800 |
| Feb 13, 2023 | $0.7800 |
| Nov 10, 2022 | $0.7280 |
| Aug 11, 2022 | $0.7280 |
| May 12, 2022 | $0.7280 |
| Feb 11, 2022 | $0.7280 |
| Nov 10, 2021 | $0.6780 |
| Aug 12, 2021 | $0.6780 |
| May 13, 2021 | $0.6780 |
| Feb 11, 2021 | $0.6780 |
| Nov 12, 2020 | $0.6330 |
| Aug 13, 2020 | $0.6330 |