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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $9.80B | $8.60B | $8.89B | $9.60B | $8.32B | $7.24B |
| Cost of Revenue | $3.27B | $2.66B | $3.19B | $4.36B | $3.31B | $2.32B |
| Gross Profit | $6.53B | $5.94B | $5.70B | $5.24B | $5.00B | $4.92B |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $7.56B | $6.45B | $6.99B | $7.67B | $6.60B | $5.54B |
| D&A | $1.48B | $1.35B | $1.26B | $1.12B | $1.07B | $975.90M |
| Operating Income | $2.24B | $2.15B | $1.91B | $1.92B | $1.71B | $1.71B |
| Interest Expense | $895.10M | $815.30M | $726.90M | $515.10M | $471.10M | $493.70M |
| Income Tax | $118.00M | $222.00M | $204.60M | $322.90M | $200.30M | $227.90M |
| Net Income | $1.56B | $1.53B | $1.33B | $1.41B | $1.30B | $1.20B |
| EPS - Basic | $4.84 | $4.83 | $4.22 | $4.46 | $4.12 | $3.80 |
| EPS - Diluted | $4.81 | $4.83 | $4.22 | $4.45 | $4.11 | $3.79 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $27.60M | $9.80M | $42.90M | $28.90M | $16.30M | $24.80M |
| Accounts Receivable | $2.06B | $1.67B | $1.50B | $1.82B | $1.51B | $1.20B |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $1.14B | $1.14B | $896.60M | $1.20B | $1.01B | $880.70M |
| Current Assets | $3.28B | $2.91B | $2.80B | $3.19B | $2.66B | $2.08B |
| Total Assets | $51.52B | $47.36B | $43.94B | $41.87B | $38.99B | $37.03B |
| Current Liabilities | $5.59B | $4.84B | $5.11B | $4.61B | $3.75B | $4.15B |
| Long-term Debt | $18.50B | $17.18B | $15.37B | $14.66B | $13.47B | $11.67B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $14.05B | $12.80B | $12.07B | $11.62B | - | - |
| Retained Earnings | $8.49B | $8.08B | $7.61B | $7.27B | $6.78B | $6.33B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.38B | $3.21B | $3.02B | $2.06B | $2.03B | $2.20B |
| Investing Cash Flow | ($4.87B) | ($3.80B) | ($3.56B) | ($2.64B) | ($2.31B) | ($2.81B) |
| Financing Cash Flow | $1.52B | $467.70M | $522.80M | $676.40M | $294.00M | $601.10M |
| CapEx | - | - | - | $2.70B | $2.37B | $2.87B |
| Free Cash Flow | - | - | - | ($636.20M) | ($340.00M) | ($678.30M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 66.7% | 69.1% | 64.1% | 54.6% | 60.2% | 68.0% |
| Operating margin | 22.9% | 25.0% | 21.5% | 20.0% | 20.6% | 23.6% |
| EBITDA margin | 38.0% | 40.8% | 35.7% | 31.7% | 33.5% | 37.0% |
| Net margin | 15.9% | 17.8% | 15.0% | 14.7% | 15.6% | 16.6% |
| Free cash flow margin | - | - | - | -6.6% | -4.1% | -9.4% |
| FCF / Net income | - | - | - | -0.45 | -0.26 | -0.57 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 7.0% | 12.7% | 13.3% | 18.7% | 13.3% | 16.0% |
| Return on assets | 3.0% | 3.2% | 3.0% | 3.4% | 3.3% | 3.2% |
| Return on equity | 11.1% | 11.9% | 11.0% | 12.1% | - | - |
| Return on invested capital | 6.4% | 6.3% | 6.0% | 6.0% | - | - |
| Liquidity | ||||||
| Current ratio | 0.59 | 0.60 | 0.55 | 0.69 | 0.71 | 0.50 |
| Quick ratio | 0.59 | 0.60 | 0.55 | 0.69 | 0.71 | 0.50 |
| Cash ratio | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 |
| Leverage | ||||||
| Debt / Equity | 1.32 | 1.34 | 1.27 | 1.26 | - | - |
| Debt / Assets | 0.36 | 0.36 | 0.35 | 0.35 | 0.35 | 0.32 |
| Debt / EBITDA | 4.97 | 4.90 | 4.84 | 4.81 | 4.83 | 4.35 |
| Interest coverage | 2.5x | 2.6x | 2.6x | 3.7x | 3.6x | 3.5x |
| Equity multiplier | 3.67 | 3.70 | 3.64 | 3.60 | - | - |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.19 | 0.18 | 0.20 | 0.23 | 0.21 | 0.20 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 77d | 71d | 62d | 69d | 66d | 61d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 127d | 156d | 103d | 100d | 111d | 139d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 21.9x | 19.5x | 19.9x | 21.1x | 23.6x | 24.3x |
| P / B | 2.4x | 2.3x | 2.2x | 2.6x | - | - |
| P / S | 3.5x | 3.5x | 3.0x | 3.1x | 3.7x | 4.0x |
| EV / EBITDA | 14.1x | 13.4x | 13.2x | 14.5x | 15.8x | 15.2x |
| Growth | ||||||
| Revenue growth (YoY) | 14.0% | -3.3% | -7.3% | 15.4% | 14.8% | -3.7% |
| Revenue CAGR (3y) | 0.7% | 1.1% | 7.1% | 8.5% | 2.7% | -1.8% |
| Revenue CAGR (5y) | 6.2% | 2.7% | 3.0% | 4.6% | 2.2% | 4.1% |
| Gross profit growth (YoY) | 9.9% | 4.2% | 8.8% | 4.7% | 1.7% | 1.6% |
| Operating income growth (YoY) | 4.3% | 12.8% | -0.8% | 12.2% | 0.5% | 11.4% |
| Net income growth (YoY) | 2.0% | 14.7% | -5.4% | 8.3% | 8.4% | 5.8% |
| EPS growth (YoY) | -0.4% | 14.5% | -5.2% | 8.3% | 8.4% | 5.9% |
| EPS CAGR (3y) | 2.6% | 5.5% | 3.6% | 7.5% | 7.2% | 0.0% |
| EPS CAGR (5y) | 4.9% | 6.2% | 4.8% | 3.3% | 6.8% | 10.1% |
| FCF growth (YoY) | - | - | - | -87.1% | 49.9% | -712.3% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 9.8% | 6.1% | 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%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
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 |