WEC Energy Group Inc. (WEC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.81	$0.91	+12.3%	—	—	—
Q4 26	$2.3	$2.45	+6.5%	—	—	—
Q3 26	$1.39	$1.42	+2.2%	—	—	—
Q2 26	$0.81	$0.83	+2.5%	—	—	—
Q1 26	$0.71	$0.76	+7.0%	—	—	—
Q4 25	$2.18	$2.27	+4.1%	—	—	—
Q3 25	$1.42	$1.43	+0.7%	—	—	—
Q2 25	$0.7	$0.82	+17.1%	—	—	—
Q1 25	$0.63	$0.67	+6.3%	—	—	—
Q4 24	$1.91	$1.97	+3.1%	—	—	—
Q3 24	$1.09	$0.69	-36.7%	—	—	—
Q2 24	$0.91	$1	+9.9%	—	—	—
Q1 24	$0.85	$0.92	+8.2%	—	—	—
Q4 23	$1.58	$1.61	+1.9%	—	—	—
Q3 23	$0.75	$0.8	+6.7%	—	—	—
Q2 23	$0.86	$0.96	+11.6%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.84	—	—	$9.8B	—
FY24	—	$4.83	—	—	$8.6B	—
FY23	—	$4.22	—	—	$8.9B	—
FY22	—	$4.46	—	—	$9.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$7.5B	$7.6B	$7.7B	$7.5B	$7.2B	$8.3B	$9.6B	$8.9B	$8.6B	$9.8B
YoY change	+26.1%	+2.36%	+0.41%	-2.04%	-3.74%	+14.8%	+15.4%	-7.34%	-3.3%	+14%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	7.5B	7.6B	7.7B	7.5B	7.2B	8.3B	9.6B	8.9B	8.6B	9.8B
Cost of revenue	4.8B	4.9B	5.2B	4.9B	4.4B	5.3B	6.3B	5.3B	4.8B	5.7B
Gross profit	2.7B	2.8B	2.5B	2.7B	2.9B	3B	3.3B	3.6B	3.8B	4.1B
Gross margin	35.5%	36.2%	32.7%	35.4%	39.9%	36.1%	34.4%	40.5%	44%	42.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—
Operating income	1.7B	1.8B	1.5B	1.5B	1.7B	1.7B	1.9B	2.1B	2.2B	2.4B
Operating margin	22.7%	23.2%	19.1%	20.4%	23.6%	20.6%	20%	23.5%	25.2%	24.2%
Non-operating income, net	213.1M	228M	207M	229.8M	216.9M	255M	323.5M	176.3M	379.5M	187.8M
Pretax income	1.5B	1.6B	1.2B	1.3B	1.4B	1.5B	1.7B	1.5B	1.7B	1.7B
Income tax	566.5M	383.5M	169.8M	125M	227.9M	200.3M	322.9M	204.6M	222M	118M
Net income	940.2M	1.2B	1.1B	1.1B	1.2B	1.3B	1.4B	1.3B	1.5B	1.6B
Net margin	12.6%	15.8%	13.8%	15.1%	16.6%	15.6%	14.7%	15%	17.7%	15.9%
EBITDA	2.6B	2.8B	2.5B	2.7B	2.9B	3B	3.4B	3.6B	3.8B	4.1B
EPS	2.98	3.81	3.36	3.6	3.8	4.12	4.46	4.22	4.83	4.84
Diluted EPS	2.96	3.79	3.34	3.58	3.79	4.11	4.45	4.22	4.83	4.81

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2B	2.2B	2.7B	1.8B	1.9B	2.3B	3.1B	2B	2.1B	2.5B	3.4B	2.1B
Cost of revenue	1.1B	1.3B	1.5B	1B	1.1B	1.3B	1.8B	1.2B	1.2B	1.5B	2B	1.2B
Gross profit	853.4M	902.5M	1.2B	768.9M	775.9M	1B	1.4B	842.8M	890.8M	1B	1.4B	889.4M
Gross margin	43.6%	40.7%	45.6%	43.4%	41.6%	44.6%	43.7%	41.9%	42.3%	40.4%	41.8%	43.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	472M	520.3M	813.4M	364.8M	383.7M	603M	937.5M	404.9M	449.6M	582.9M	980M	432.8M
Operating margin	24.1%	23.5%	30.3%	20.6%	20.6%	26.4%	29.8%	20.1%	21.4%	23%	28.5%	21%
Non-operating income, net	86.5M	-86.7M	88.9M	87.4M	90.7M	112.5M	71.7M	78.4M	78.6M	-40.9M	107.7M	124.1M
Pretax income	376M	240.1M	710.3M	251.6M	270.2M	514.2M	786.2M	262.5M	304.6M	320.2M	859.2M	328M
Income tax	60.4M	21.6M	87.7M	41.6M	31.6M	61.1M	60.7M	19.5M	34.4M	3.4M	53.1M	27M
Net income	315.6M	218.5M	622.6M	210M	238.6M	453.1M	725.5M	243M	270.2M	316.8M	806.1M	301M
Net margin	16.1%	9.85%	23.2%	11.9%	12.8%	19.8%	23%	12.1%	12.8%	12.5%	23.5%	14.6%
EBITDA	878.8M	758.1M	1.2B	788.8M	814.9M	1.1B	1.4B	852.2M	901.6M	924.2M	1.5B	941.8M
EPS	1	0.69	1.97	0.67	0.76	1.43	2.28	0.77	0.84	0.97	2.47	0.92
Diluted EPS	1	0.69	1.97	0.67	0.76	1.43	2.27	0.76	0.83	0.97	2.45	0.91

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	21B	21.9B	29.1B	29B	30.6B	29.6B	26.5B	29.7B	33.9B	33.1B
Enterprise value	—	32B	33.6B	41.8B	43.3B	46.2B	46.8B	45.3B	50.1B	56.2B	56.5B
Shares outstanding	315.6M	315.6M	315.5M	315.4M	315.4M	315.4M	315.4M	315.4M	316.2M	321.9M	321.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	17.4	20.6	25.6	24.2	23.6	21	19.9	19.5	21.8	19.7
P/S	—	2.74	2.85	3.87	4.01	3.68	3.08	2.99	3.46	3.46	3.26
P/B	—	2.21	2.22	2.84	2.72	2.75	2.55	2.2	2.32	2.42	2.28
EV/EBITDA	—	11.5	13.4	15.8	14.9	15.2	14	12.5	13.1	13.8	14.2
EV/Sales	—	4.18	4.37	5.55	5.98	5.55	4.88	5.09	5.82	5.74	5.57
Earnings yield	—	5.75%	4.85%	3.9%	4.14%	4.24%	4.77%	5.02%	5.13%	4.58%	5.08%
FCF yield	—	0.57%	1.51%	0.29%	-0.15%	-0.72%	-0.86%	1.98%	1.45%	-3%	-7.12%
PEG	—	—	—	—	—	—	—	—	—	—	1.01

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	35.5%	36.2%	32.7%	35.4%	39.9%	36.1%	34.4%	40.5%	44%	42.2%	43.1%
Operating margin	22.7%	23.2%	19.1%	20.4%	23.6%	20.6%	20%	23.5%	25.2%	24.2%	21.8%
Net margin	12.6%	15.8%	13.8%	15.1%	16.6%	15.6%	14.7%	15%	17.7%	15.9%	16.7%
ROE	10.5%	12.7%	10.8%	11.1%	11.3%	11.7%	12.1%	11%	11.9%	11.1%	12%
ROA	3.12%	3.81%	3.17%	3.25%	3.24%	3.33%	3.37%	3.03%	3.22%	3.02%	3.03%
ROIC	5.54%	6.58%	5.87%	6.01%	5.75%	5.57%	5.42%	5.87%	5.71%	6.07%	6.1%
Return on tangible assets	3.91%	4.73%	3.87%	3.93%	3.89%	3.95%	3.94%	3.52%	3.69%	3.43%	3.63%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.89	0.57	0.67	0.66	0.5	0.71	0.69	0.55	0.6	0.59	0.53
Quick ratio	0.65	0.43	0.51	0.49	0.37	0.54	0.52	0.4	0.43	0.44	0.39
Debt / equity	1.14	1.16	1.2	1.24	1.34	1.4	1.49	1.56	1.59	1.59	1.58
Debt / assets	0.34	0.35	0.35	0.36	0.39	0.4	0.41	0.43	0.43	0.43	0.44
Net debt / EBITDA	3.86	3.97	4.67	4.79	4.91	5.12	5.15	5.16	5.3	5.48	5.41
Interest coverage	4.74	4.82	3.76	3.51	3.9	4.18	4.36	3.11	3.14	2.87	2.99
Effective tax rate	37.6%	24.1%	13.8%	9.92%	15.9%	13.4%	18.6%	13.3%	12.7%	7.05%	6.51%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	23.7	24.2	24.3	23.9	23	26.4	30.4	28.2	27.2	30.4	31.2
EPS (basic)	2.98	3.81	3.36	3.6	3.8	4.12	4.46	4.22	4.83	4.84	4.84
EPS (diluted)	2.96	3.79	3.34	3.58	3.79	4.11	4.45	4.22	4.83	4.81	5.15
Book value per share	28.4	30.1	31.2	32.5	33.8	35.2	36.8	38.3	40.5	43.7	44.7
FCF per share	2.15	0.38	1.05	0.27	-0.14	-0.7	-0.81	1.67	1.36	-3.16	-4.18
Cash per share	0.12	0.12	0.27	0.12	0.08	0.05	0.09	0.14	0.03	0.09	0.15
Capex per share	0.53	0.08	0.04	0.12	—	—	—	—	—	13.7	15

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.23%	0.31%	0.16%	0.5%	—	—	—	—	—	44.9%	48.8%
Capex / operating cash flow	7.73%	1.15%	0.49%	1.6%	—	—	—	—	—	130.1%	138.4%
Payout ratio	66.5%	54.5%	65.8%	65.6%	66.4%	65.8%	65.1%	73.9%	69.3%	73.8%	71.7%
Dividend yield	—	3.13%	3.19%	2.56%	2.75%	2.79%	3.1%	3.71%	3.55%	3.38%	3.73%

Yield

3.73%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.953

ex-dividend Aug 14, 2026

Payout ratio

72%

of earnings

Dividend growth

19 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.953
May 14, 2026	$0.953
Feb 13, 2026	$0.953

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$2B	$2.2B	$2.7B	$1.8B	$1.9B	$2.3B	$3.1B	$2B	$2.1B	$2.5B	$3.4B	$2.1B
YoY change	-2.28%	-13.3%	-7.2%	-3.17%	-4.8%	+3.01%	+17.5%	+13.4%	+12.9%	+11.1%	+9.04%	+2.62%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	37.5M	38.9M	84.5M	37.5M	24.8M	16.3M	28.9M	42.9M	9.8M	27.6M
Receivables	1.2B	1.4B	1.3B	1.2B	1.2B	1.5B	1.8B	1.5B	1.7B	2.1B
Inventory	587.6M	539M	548.2M	549.8M	528.6M	635.8M	807.1M	775.2M	813.2M	803.4M
Total current assets	2.2B	2.2B	2.2B	2.1B	2.1B	2.7B	3.2B	2.8B	2.9B	3.3B
Property, plant & equipment	-4.3B	-1.8B	-1.7B	-1.9B	-1.5B	-1.4B	1.2B	1.9B	2.7B	4.1B
Goodwill & intangibles	6.1B	6.1B	6.1B	6.1B	6.1B	6.1B	6.1B	6.1B	6.1B	6.1B
Total assets	30.1B	31.6B	33.5B	35B	37B	39B	41.9B	43.9B	47.4B	51.5B
Accounts payable	861.5M	859.9M	876.4M	908.1M	880.7M	1B	1.2B	896.6M	1.1B	1.1B
Short-term debt	1B	2.3B	1.8B	1.5B	2.6B	2.1B	2.5B	3.3B	2.8B	3.4B
Total current liabilities	2.4B	3.9B	3.3B	3.2B	4.1B	3.8B	4.6B	5.1B	4.8B	5.6B
Long-term debt	9.2B	8.7B	10B	11.2B	11.7B	13.5B	14.8B	15.5B	17.5B	18.9B
Total liabilities	21.2B	22.1B	23.6B	24.7B	26.4B	27.9B	30.3B	31.9B	34.6B	37.5B
Shareholders' equity	9B	9.5B	9.8B	10.3B	10.7B	11.1B	11.6B	12.1B	12.8B	14.1B
Total debt	10.2B	11B	11.8B	12.7B	14.3B	15.6B	17.3B	18.8B	20.3B	22.3B
Net debt	10.1B	11B	11.7B	12.7B	14.3B	15.6B	17.3B	18.8B	20.3B	22.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	51.1M	27.6M	45.6M	50M
Receivables	—	—	—	—	—	—	—	—	1.3B	2.1B	1.9B	1.5B
Inventory	—	—	—	—	—	—	—	—	842.8M	803.4M	612.3M	744.6M
Total current assets	—	—	—	—	—	—	—	—	2.5B	3.3B	3B	2.8B
Property, plant & equipment	—	—	—	—	—	—	—	—	-12.2B	4.1B	38.7B	39.8B
Goodwill & intangibles	—	—	—	—	—	—	—	—	6.1B	6.1B	6.1B	6.1B
Total assets	—	—	—	—	—	—	—	—	49.8B	51.5B	51.7B	52.8B
Accounts payable	—	—	—	—	—	—	—	—	917M	1.1B	830.8M	1B
Short-term debt	2.3B	3.3B	3.2B	1.9B	2.4B	2.8B	4.1B	3.1B	3.2B	3.4B	2.6B	3.3B
Total current liabilities	—	—	—	—	—	—	—	—	5.1B	5.6B	4.4B	5.2B
Long-term debt	—	—	—	—	—	—	—	—	18B	18.9B	19.8B	19.6B
Total liabilities	—	—	—	—	—	—	—	—	35.8B	37.5B	37.2B	38.2B
Shareholders' equity	—	—	—	—	—	—	—	—	14B	14.1B	14.6B	14.6B
Total debt	2.3B	3.3B	3.2B	1.9B	2.4B	2.8B	4.1B	3.1B	21.2B	22.3B	22.3B	23B
Net debt	—	—	—	—	—	—	—	—	21.1B	22.3B	22.3B	22.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	940.2M	1.2B	1.1B	1.1B	1.2B	1.3B	1.4B	1.3B	1.5B	1.6B
Depreciation & amortization	762.6M	798.6M	845.8M	926.3M	975.9M	1.1B	1.1B	1.3B	1.4B	1.5B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	36.1M	126.1M	47.7M	169.8M	-51.8M	-306.8M	-340.8M	234.4M	-79.3M	-239.5M
Operating cash flow	2.2B	2.1B	2.5B	2.3B	2.2B	2.1B	2.2B	2.9B	3.3B	3.4B
Capital expenditure	166.3M	24M	12.1M	37.6M	—	—	—	—	—	-4.4B
Investing cash flow	178.3M	-265.6M	-203M	-196.3M	-568M	-59M	-327.5M	-1.1B	-1B	-4.9B
Dividends paid	-624.9M	-656.5M	-697.3M	-744.5M	-798M	-854.8M	-917.9M	-984.2M	-1.1B	-1.1B
Share repurchases	-108M	-71.3M	-72.4M	-140.1M	-99.2M	-33.1M	-69.2M	-16.6M	-3.2M	-1.3M
Financing cash flow	-887.3M	130.6M	-7.2M	-590.7M	557.3M	-61.7M	390.2M	515.7M	444M	1.5B
Net change in cash	1.4B	1.9B	2.3B	1.6B	2.2B	1.9B	2.3B	2.3B	2.7B	-10.4M
Free cash flow	680.1M	119.1M	329.8M	84.7M	-42.8M	-220.1M	-254.2M	525.5M	430.7M	-1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	270.2M	316.8M	806.1M	301M
Depreciation & amortization	—	—	—	—	—	—	—	—	373.4M	376.3M	379.8M	384.9M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	265.8M	-534.8M	112.7M	85M
Operating cash flow	—	—	—	—	—	—	—	—	938.9M	424.6M	1.2B	992.3M
Capital expenditure	—	—	—	—	—	—	—	—	-1.6B	-1.3B	-817.9M	-1.3B
Investing cash flow	—	—	—	—	—	—	—	—	-1.6B	-1.3B	-886.4M	-1.3B
Dividends paid	—	—	—	—	—	—	—	—	-288.7M	-290.4M	-310.1M	-310.2M
Share repurchases	—	—	—	—	—	—	—	—	0	0	—	—
Financing cash flow	600M	120M	0	2.1B	598.2M	1.8B	0	1B	695.7M	831.3M	-303M	308.7M
Net change in cash	600M	120M	0	2.1B	598.2M	1.8B	0	1B	20M	-31.4M	29M	-13.1M
Free cash flow	—	—	—	—	—	—	—	—	-625.7M	-878.4M	400.5M	-269.7M

Date	Ratio
Mar 2, 2011	2:1
Jul 1, 1992	3:2
Jul 1, 1987	2:1
Jul 28, 1982	3:2

WEC Energy Group Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history