WEC ENERGY GROUP, INC. WEC

Utilities SIC 4931 - Electric & Other Services Combined NAICS Utilities › Electric Power Generation, Transmission and Distribution derived NYSE

WEC Energy Group, Inc.

We were incorporated in the state of Wisconsin in 1981 and became a diversified holding company in 1986. We maintain our principal executive offices in Milwaukee, Wisconsin. On June 29, 2015, we acquired 100% of the outstanding common shares of Integrys and changed our name to WEC Energy Group, Inc. Our wholly owned subsidiaries provide or invest in regulated natural gas and electricity, and renewable energy, as well as nonregulated renewable energy. We have an approximately 60% equity interest in ATC (an electric transmission company operating in Illinois, Michigan, Minnesota, and Wisconsin). At December 31, 2025, we had six reportable segments, which are discussed below. For additional information about our reportable segments, see Note 22, Segment Information.

Last close 111.09 2026-10-23
Market cap $36.20B 2026-06-30 share count
52-week range 99.80 - 119.91

Valuation FY2025 figures against the last close

P/S3.7x
P/E23.1x
P/FCF10.7x
EV/EBITDA15.1x
Dividend yield3.2%
Diluted EPS4.81

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $9.80B$8.60B$8.89B$9.60B$8.32B$7.24B$7.52B$7.68B$7.65B$7.47B
Cost of revenue $3.27B$2.66B$3.19B$4.36B$3.31B$2.32B$2.68B$2.90B$2.82B$2.65B
Gross profit $6.53B$5.94B$5.70B$5.24B$5.00B$4.92B$4.84B$4.78B$4.83B$4.82B
Total operating expenses $7.56B$6.45B$6.99B$7.67B$6.60B$5.54B$5.99B$6.21B$5.87B$5.78B
Operating income $2.24B$2.15B$1.91B$1.92B$1.71B$1.71B$1.53B$1.47B$1.78B$1.70B
Interest expense $895.1M$815.3M$727.4M$515.1M$471.1M$493.7M$501.5M$445.1M$415.7M$402.7M
Pre-tax income $1.67B$1.75B$1.54B$1.73B$1.50B$1.43B$1.26B$1.23B$1.59B$1.51B
Income tax $118.0M$222.0M$204.6M$322.9M$200.3M$227.9M$125.0M$169.8M$383.5M$566.5M
Net income $1.56B$1.52B$1.33B$1.41B$1.30B$1.20B$1.13B$1.06B$1.20B—
EPS, basic 4.844.834.224.464.123.803.603.363.812.98
EPS, diluted 4.814.834.224.454.113.793.583.343.792.96
Shares, diluted (wtd. avg.) 323.8M316.5M315.9M316.1M316.3M316.5M316.7M316.9M317.2M316.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $27.6M$9.8M$42.9M$182.2M$87.5M$72.6M$82.3M$146.1M$58.6M$72.7M
Receivables $2.06B$1.67B$1.50B$1.82B$1.51B$1.20B$1.18B$1.28B$1.35B$1.24B
Total current assets $3.28B$2.91B$2.80B$3.19B$2.66B$2.08B$2.09B$2.25B$2.21B$2.17B
Property, plant and equipment $38.28B$34.65B$31.58B$29.11B$26.98B$25.71B$23.62B$22.00B$21.35B$19.92B
Goodwill $3.05B$3.05B$3.05B$3.05B$3.05B$3.05B$3.05B$3.05B$3.05B$3.05B
Total assets $51.52B$47.36B$43.94B$41.87B$38.99B$37.03B$34.95B$33.48B$31.59B$30.12B
Accounts payable $1.14B$1.14B$896.6M$1.20B$1.01B$880.7M$908.1M$876.4M$859.9M$861.5M
Short-term debt $1.52B$1.73B$1.26B$808.5M$91.0M$777.7M$686.9M$360.1M$1.44B$860.2M
Total current liabilities $5.59B$4.84B$5.11B$4.61B$3.75B$4.15B$3.18B$3.33B$3.87B$2.43B
Long-term debt $18.50B$17.18B$15.37B$14.66B$13.47B$11.67B$11.17B$9.98B$8.75B$9.16B
Retained earnings $8.49B$8.08B$7.61B$7.27B$6.78B$6.33B$5.93B$5.54B$5.18B$4.61B
Total equity $14.05B$12.80B$12.07B$11.62B$11.11B$10.66B$10.25B—$9.49B$8.96B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.38B$3.21B$3.02B$2.06B$2.03B$2.20B$2.35B$2.45B$2.08B$2.10B
Depreciation and amortisation $1.48B$1.35B$1.26B$1.12B$1.07B$975.9M$926.3M$845.8M$798.6M$762.6M
Capital expenditure ———$2.70B$2.37B$2.87B$2.53B$2.42B$1.96B$1.42B
Investing cash flow -$4.87B-$3.80B-$3.56B-$2.64B-$2.31B-$2.81B-$2.49B-$2.38B-$2.25B-$1.35B
Financing cash flow $1.52B$467.7M$522.8M$676.4M$294.0M$601.1M$85.6M$26.4M$161.4M-$845.7M
Dividends paid $1.15B$1.06B$984.2M$917.9M$854.8M$798.0M$744.5M$697.3M$656.5M$624.9M
Buybacks $1.3M$3.2M$16.6M$69.2M$33.1M$99.2M$140.1M$72.4M$71.3M$108.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000783325-26-000018.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2.5B 5B 7.5B 10B Revenue, FY2016: 7.5B Gross profit, FY2016: 4.8B Revenue, FY2017: 7.6B Gross profit, FY2017: 4.8B Net income, FY2017: 1.2B Revenue, FY2018: 7.7B Gross profit, FY2018: 4.8B Net income, FY2018: 1.1B Revenue, FY2019: 7.5B Gross profit, FY2019: 4.8B Net income, FY2019: 1.1B Revenue, FY2020: 7.2B Gross profit, FY2020: 4.9B Net income, FY2020: 1.2B Revenue, FY2021: 8.3B Gross profit, FY2021: 5B Net income, FY2021: 1.3B Revenue, FY2022: 9.6B Gross profit, FY2022: 5.2B Net income, FY2022: 1.4B Revenue, FY2023: 8.9B Gross profit, FY2023: 5.7B Net income, FY2023: 1.3B Revenue, FY2024: 8.6B Gross profit, FY2024: 5.9B Net income, FY2024: 1.5B Revenue, FY2025: 9.8B Gross profit, FY2025: 6.5B Net income, FY2025: 1.6B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $7.47B $7.65B $7.68B $7.52B $7.24B $8.32B $9.60B $8.89B $8.60B $9.80B
Gross profit $4.82B $4.83B $4.78B $4.84B $4.92B $5.00B $5.24B $5.70B $5.94B $6.53B
Net income — $1.20B $1.06B $1.13B $1.20B $1.30B $1.41B $1.33B $1.52B $1.56B

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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