Stocks · Utilities · Electric & Other Services Combined

WEC Energy Group

WEC Clue Score38
United States Fiscal year ends December CIK 0000783325
$103.74 +0.13% Close, 9 Oct 2026
Price $103.74 +18.79% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue7.47Operating income1.70EPS, diluted2.96Fiscal year 2017Revenue7.65 +2.4%Operating income1.78Net income1.20EPS, diluted3.79 +28.0%Fiscal year 2018Revenue7.68 +0.4%Operating income1.47Net income1.06 −12.0%EPS, diluted3.34 −11.9%Fiscal year 2019Revenue7.52 −2.0%Operating income1.53Net income1.13 +7.0%EPS, diluted3.58 +7.2%Fiscal year 2020Revenue7.24 −3.7%Operating income1.71Net income1.20 +5.9%EPS, diluted3.79 +5.9%Fiscal year 2021Revenue8.32 +14.8%Operating income1.71Net income1.30 +8.1%EPS, diluted4.11 +8.4%Fiscal year 2022Revenue9.60 +15.4%Operating income1.92Net income1.41 +8.6%EPS, diluted4.45 +8.3%Fiscal year 2023Revenue8.89 −7.3%Operating income1.91Net income1.33 −5.5%EPS, diluted4.22 −5.2%Fiscal year 2024Revenue8.60 −3.3%Operating income2.15Net income1.52 +14.5%EPS, diluted4.83 +14.5%Fiscal year 2025Revenue9.80 +14.0%Operating income2.24Net income1.56 +2.0%EPS, diluted4.81 −0.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 7.47 7.65 7.68 7.52 7.24 8.32 9.60 8.89 8.60 9.80
Growth +2.4% +0.4% −2.0% −3.7% +14.8% +15.4% −7.3% −3.3% +14.0%
Operating income 1.70 1.78 1.47 1.53 1.71 1.71 1.92 1.91 2.15 2.24
Net income n/a 1.20 1.06 1.13 1.20 1.30 1.41 1.33 1.52 1.56
Growth −12.0% +7.0% +5.9% +8.1% +8.6% −5.5% +14.5% +2.0%
EPS, diluted 2.96 3.79 3.34 3.58 3.79 4.11 4.45 4.22 4.83 4.81
Growth +28.0% −11.9% +7.2% +5.9% +8.4% +8.3% −5.2% +14.5% −0.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin22.7%Free cash flow margin9.1%Fiscal year 2017Operating margin23.2%Net margin15.8%Free cash flow margin1.6%Fiscal year 2018Operating margin19.1%Net margin13.8%Free cash flow margin0.4%Fiscal year 2019Operating margin20.4%Net margin15.1%Free cash flow margin−2.4%Fiscal year 2020Operating margin23.6%Net margin16.6%Free cash flow margin−9.4%Fiscal year 2021Operating margin20.6%Net margin15.6%Free cash flow margin−4.1%Fiscal year 2022Operating margin20.0%Net margin14.7%Free cash flow margin−6.6%Fiscal year 2023Operating margin21.5%Net margin15.0%Fiscal year 2024Operating margin25.0%Net margin17.7%Fiscal year 2025Operating margin22.9%Net margin15.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 22.7% 23.2% 19.1% 20.4% 23.6% 20.6% 20.0% 21.5% 25.0% 22.9%
Net margin n/a 15.8% 13.8% 15.1% 16.6% 15.6% 14.7% 15.0% 17.7% 15.9%
Free cash flow margin 9.1% 1.6% 0.4% −2.4% −9.4% −4.1% −6.6% n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow2.10Capital expenditure−1.42Free cash flow0.68Buybacks−0.11Dividends paid−0.62Fiscal year 2017Operating cash flow2.08Capital expenditure−1.96Free cash flow0.12 −82.5%Buybacks−0.07Dividends paid−0.66Fiscal year 2018Operating cash flow2.45Capital expenditure−2.42Free cash flow0.03 −76.2%Buybacks−0.07Dividends paid−0.70Fiscal year 2019Operating cash flow2.35Capital expenditure−2.53Free cash flow−0.18 −746.1%Buybacks−0.14Dividends paid−0.74Fiscal year 2020Operating cash flow2.20Capital expenditure−2.87Free cash flow−0.68Buybacks−0.10Dividends paid−0.80Fiscal year 2021Operating cash flow2.03Capital expenditure−2.37Free cash flow−0.34Buybacks−0.03Dividends paid−0.85Fiscal year 2022Operating cash flow2.06Capital expenditure−2.70Free cash flow−0.64Buybacks−0.07Dividends paid−0.92Fiscal year 2023Operating cash flow3.02Buybacks−0.02Dividends paid−0.98Fiscal year 2024Operating cash flow3.21Buybacks−0.00Dividends paid−1.06Fiscal year 2025Operating cash flow3.38Buybacks−0.00Dividends paid−1.15
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.10 2.08 2.45 2.35 2.20 2.03 2.06 3.02 3.21 3.38
Capital expenditure −1.42 −1.96 −2.42 −2.53 −2.87 −2.37 −2.70 n/a n/a n/a
Free cash flow 0.68 0.12 0.03 −0.18 −0.68 −0.34 −0.64 n/a n/a n/a
Growth −82.5% −76.2% −746.1%
Buybacks −0.11 −0.07 −0.07 −0.14 −0.10 −0.03 −0.07 −0.02 −0.00 −0.00
Dividends paid −0.62 −0.66 −0.70 −0.74 −0.80 −0.85 −0.92 −0.98 −1.06 −1.15

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.04Total debt9.16Net cash (debt)−9.12Shareholders’ equity8.96Debt to equity1.02Fiscal year 2017Cash0.04Total debt8.75Net cash (debt)−8.71Shareholders’ equity9.49Debt to equity0.92Fiscal year 2018Cash0.08Total debt10.34Net cash (debt)−10.25Shareholders’ equity9.84Debt to equity1.05Fiscal year 2019Cash0.04Total debt11.86Net cash (debt)−11.82Shareholders’ equity10.25Debt to equity1.16Fiscal year 2020Cash0.02Total debt12.45Net cash (debt)−12.43Shareholders’ equity10.66Debt to equity1.17Fiscal year 2021Cash0.02Total debt13.56Net cash (debt)−13.55Shareholders’ equity11.11Debt to equity1.22Fiscal year 2022Cash0.03Total debt15.46Net cash (debt)−15.44Shareholders’ equity11.62Debt to equity1.33Fiscal year 2023Cash0.04Total debt16.63Net cash (debt)−16.59Shareholders’ equity12.07Debt to equity1.38Fiscal year 2024Cash0.01Total debt18.91Net cash (debt)−18.90Shareholders’ equity12.80Debt to equity1.48Fiscal year 2025Cash0.03Total debt20.02Net cash (debt)−19.99Shareholders’ equity14.05Debt to equity1.42
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.04 0.04 0.08 0.04 0.02 0.02 0.03 0.04 0.01 0.03
Total debt 9.16 8.75 10.34 11.86 12.45 13.56 15.46 16.63 18.91 20.02
Net cash (debt) −9.12 −8.71 −10.25 −11.82 −12.43 −13.55 −15.44 −16.59 −18.90 −19.99
Shareholders’ equity 8.96 9.49 9.84 10.25 10.66 11.11 11.62 12.07 12.80 14.05
Debt to equity 1.02 0.92 1.05 1.16 1.17 1.22 1.33 1.38 1.48 1.42

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
22.7% 23.2% 19.1% 20.4% 23.6% 20.6% 20.0% 21.5% 25.0% 22.9%
20.2% 20.8% 16.0% 16.7% 19.7% 18.0% 18.1% 17.3% 20.3% 17.1%
n/a 15.8% 13.8% 15.1% 16.6% 15.6% 14.7% 15.0% 17.7% 15.9%
9.1% 1.6% 0.4% −2.4% −9.4% −4.1% −6.6% n/a n/a n/a
Spending
19.1% 25.6% 31.5% 33.6% 39.7% 28.5% 28.1% n/a n/a n/a
37.6% 24.1% 13.8% 9.9% 15.9% 13.4% 18.6% 13.3% 12.7% 7.1%
Returns
n/a 12.7% 10.8% 11.1% 11.3% 11.7% 12.1% 11.0% 11.9% 11.1%
n/a 3.8% 3.2% 3.2% 3.2% 3.3% 3.4% 3.0% 3.2% 3.0%
Balance and payout
1.02 0.92 1.05 1.16 1.17 1.22 1.33 1.38 1.48 1.42
n/a 54.5% 65.8% 65.6% 66.4% 65.8% 65.1% 73.9% 69.3% 73.8%
107.8% 611.1% 2,710.2% n/a n/a n/a n/a n/a n/a n/a