W 
WEC Energy Group WEC · USD
Utilities · Multi-Utilities · US listing · 🇺🇸 United States
S&P 500
117.15
+1.10%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$9.80bn
FY2016FY2025
Net income
$1.56bn
FY2016FY2025
Free cash flow
−$1.02bn
FY2016FY2025
Shareholders' equity
$13.64bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.80bn | $8.60bn | $8.89bn | $9.60bn | $8.32bn | $7.24bn | $7.52bn | $7.68bn | $7.65bn | $7.47bn |
| Gross profit | $4.95bn | $3.79bn | $3.60bn | $3.30bn | $3.00bn | $2.89bn | $2.66bn | $2.51bn | $2.77bn | $2.65bn |
| Operating income | $2.37bn | $2.15bn | $1.91bn | $1.92bn | $1.71bn | $1.71bn | $1.53bn | $1.47bn | $1.79bn | $1.68bn |
| Net income | $1.56bn | $1.53bn | $1.33bn | $1.41bn | $1.30bn | $1.20bn | $1.14bn | $1.06bn | $1.20bn | $940.2m |
| Diluted earnings per share | 4.75 | 4.81 | 4.22 | 4.46 | 4.12 | 3.79 | 3.58 | 3.35 | 3.80 | 2.97 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $51.52bn | $47.36bn | $43.94bn | $41.87bn | $38.99bn | $37.03bn | $34.95bn | $33.48bn | $31.59bn | $30.12bn |
| Cash and short-term investments | $27.6m | $9.8m | $42.9m | $28.9m | $16.3m | $24.8m | $37.5m | $84.5m | $38.9m | $37.5m |
| Total liabilities | $37.47bn | $34.56bn | $31.87bn | $30.26bn | $27.88bn | $26.37bn | $24.70bn | $23.63bn | $22.10bn | $21.16bn |
| Debt | $22.31bn | $20.33bn | $18.80bn | $17.29bn | $15.59bn | $14.29bn | $12.73bn | $11.80bn | $11.03bn | $10.18bn |
| Shareholders' equity | $13.64bn | $12.43bn | $11.75bn | $11.41bn | $10.94bn | $10.50bn | $10.14bn | $9.82bn | $9.49bn | $8.96bn |
| Shares outstanding | 328m | 318m | 316m | 316m | 316m | 317m | 317m | 317m | 317m | 317m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $3.38bn | $3.21bn | $3.02bn | $2.06bn | $2.03bn | $2.20bn | $2.35bn | $2.45bn | $2.08bn | $2.10bn |
| Capital spending | −$4.40bn | −$2.78bn | −$2.49bn | −$2.33bn | −$2.25bn | −$2.24bn | −$2.26bn | −$2.12bn | −$1.96bn | −$1.42bn |
| Free cash flow | −$1.02bn | $430.7m | $525.5m | −$273.4m | −$220.1m | −$42.8m | $84.7m | $329.8m | $120.1m | $679.8m |
| Dividends paid | −$1.15bn | −$1.06bn | −$984.2m | −$917.9m | −$854.8m | −$798.0m | −$744.5m | −$697.3m | −$656.5m | −$624.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.06bn | $3.43bn | $2.54bn | $2.10bn | $2.01bn | $3.15bn | $2.28bn | $1.86bn |
| Gross profit | $1.51bn | $2.04bn | $1.24bn | $1.50bn | $842.8m | $1.38bn | $1.02bn | $775.9m |
| Operating income | $432.8m | $980.0m | $582.9m | $449.6m | $404.9m | $937.5m | $590.9m | $383.7m |
| Net income | $299.5m | $804.7m | $316.9m | $271.3m | $245.7m | $724.5m | $453.8m | $240.4m |
| Diluted earnings per share | 0.91 | 2.45 | 0.97 | 0.83 | 0.75 | 2.21 | 1.43 | 0.76 |
| Cash from operations | $992.0m | $1.22bn | $397.0m | $938.0m | $853.0m | $1.16bn | $581.0m | $729.0m |
| Capital spending | −$1.26bn | −$817.0m | −$1.30bn | −$1.56bn | −$829.0m | −$701.0m | −$846.0m | −$796.0m |
| Free cash flow | −$270.0m | $401.0m | −$906.0m | −$626.0m | $24.0m | $461.0m | −$265.0m | −$67.0m |
| Total assets | $52.75bn | $51.73bn | $51.52bn | $49.81bn | $48.52bn | $48.23bn | $47.36bn | $45.20bn |
| Cash and short-term investments | $50.0m | $45.6m | $27.6m | $51.1m | $23.0m | $82.2m | $9.8m | $322.5m |
| Debt | $22.56bn | $21.95bn | $22.31bn | $21.19bn | $20.53bn | $20.51bn | $20.33bn | $19.31bn |
| Shareholders' equity | $14.13bn | $14.16bn | $13.64bn | $13.60bn | $13.25bn | $13.01bn | $12.43bn | $12.11bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 50.5% | 44.0% | 40.5% | 34.4% | 36.1% | 39.9% |
| Operating margin | 24.2% | 25.0% | 21.5% | 20.0% | 20.6% | 23.6% |
| Net margin | 15.9% | 17.8% | 15.0% | 14.7% | 15.7% | 16.6% |
| Return on equity | 11.4% | 12.3% | 11.3% | 12.4% | 11.9% | 11.4% |
| Return on assets | 3.0% | 3.2% | 3.0% | 3.4% | 3.3% | 3.2% |
| Free cash flow yield | 22.9% | 18.2% | 16.8% | 13.4% | 13.1% | 13.5% |
| Revenue growth | 14.0% | -3.3% | -7.3% | 15.4% | 14.8% | -3.7% |
| Earnings growth | 2.0% | 14.7% | -5.4% | 8.3% | 8.4% | 5.8% |
| Current ratio | 0.47x | 0.60x | 0.55x | 0.69x | 0.71x | 0.50x |
| Debt to equity | 1.61x | 1.61x | 1.59x | 1.52x | 1.42x | 1.36x |
| Equity ratio | 26.5% | 26.2% | 26.8% | 27.2% | 28.1% | 28.4% |
| Interest coverage | 2.65x | 2.64x | 2.62x | 3.74x | 3.64x | 3.46x |
| Buybacks as a share of market value | -3.3% | -0.5% | 0.0% | 0.1% | 0.1% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.7% | 6.2% | 5.2% |
| Operating income | 7.3% | 6.8% | 6.6% |
| Net income | 3.4% | 5.3% | 9.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 47.5% | 42.4% | 41.1% | 38.4% |
| Operating margin | 24.6% | 22.7% | 22.5% | 22.0% |
| Net margin | 16.8% | 15.8% | 15.9% | 15.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.2 | 19.5 | 19.9 | 21.0 | 23.6 | 24.3 | 25.7 | 20.7 | 17.5 | 19.8 |
| Price to sales | 3.5 | 3.5 | 3.0 | 3.1 | 3.7 | 4.0 | 3.9 | 2.9 | 2.8 | 2.5 |
Market value over time
31 Oct 2016 to 18 Sept 2026, in USD
$18.93bn$33.93bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 13% | 12% | -12% | -2% | 7% | -3% | 29% | 9% | 13% | 14% |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 14 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.906 | 3.63 | 3.398 | 3.175 | 2.962 | 2.76 | 2.575 | 2.403 |
- 2-for-1 split · 2 Mar 2011
- 3-for-2 split · 1 Jul 1992
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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