Saturday 17 October 2026 Export WEC’s income statement to Excel — free account

WEC Energy Group, Inc.

WEC Utilities Utilities Regulated Electric

WEC Energy Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.8 billion, up 14.0% from fiscal 2024. In the quarter to June 2026, revenue grew 2.62%, EPS grew 19.5%, free cash flow fell 1,365.6% and total debt rose 11.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, operating cash flow growth for three.

108.97 2.93 +2.76%

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Market cap: $34.6B
P/E: 21.0×
Fwd P/E: 20.2×
Dividend yield: 3.44%
F-score: 5/9
Altman Z: 1.05
Beneish M: −2.45
Dividend safety: 38/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 5.86

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	5	—	—	1	—	—	1	—	—

Insider Ownership 0.16%

Capital & Financial Ratios $m

Market Cap 34,550.00

Revenue 10,137.40

Net Income 1,694.10

Free Cash Flow (1,519.30)

Net Debt 22,929.70

Current Ratio 0.53

Debt/Equity 1.58

P/E ratio 20.96

Fwd P/E 20.20

P/S ratio 3.50

P/B ratio 2.44

Past 5Y EPS Growth 4.88%

This Y EPS Growth 6.34%

Next Y EPS Growth 7.01%

Next Y revenue growth 4.79%

Next 5Y EPS Growth 7.23%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 37.97%

10-year low 10-year high

P/S against its own 10 years 55.51%

10-year low 10-year high

P/B against its own 10 years 47.70%

10-year low 10-year high

EV/Sales against its own 10 years 76.48%

10-year low 10-year high

Dividends

Payout Ratio 0.73

Annual Dividend Rate 3.75

Annual Dividend Yield 3.44%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.81	0.95 0.95 0.95
2025	3.57	0.89 0.89 0.89 0.89
2024	3.34	0.84 0.84 0.84 0.84
2023	3.12	0.78 0.78 0.78 0.78
2022	3.64	0.73 0.73 0.73 0.73 0.73
2021	2.71	0.68 0.68 0.68 0.68
2020	2.53	0.63 0.63 0.63 0.63
2019	2.36	0.59 0.59 0.59 0.59
2018	2.21	0.55 0.55 0.55 0.55
2017	2.08	0.52 0.52 0.52 0.52
2016	2.48	0.50 0.50 0.50 0.50 0.50

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	43	10	28	50
Receivables	1,503	1,669	2,063	1,529
Inventory	775	813	803	745
Other	224	122	120	197
	2,796	2,912	3,285	2,782

	2023	2024	2025	Q'26
Payables	897	1,137	1,140	1,019
ST’ Debt	3,285	2,846	3,444	3,348
Other	933	859	1,009	842
	5,115	4,842	5,593	5,208

Compound Annual Growth %

	10y	5y	3y
Sales	5.16%	6.24%	0.70%
Cash Flow	10.08%	9.00%	17.93%
Earnings	9.33%	5.36%	3.42%
Book Value	4.93%	5.68%	6.55%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,434	2,062	—	—	—
’25	3,150	2,010	2,104	2,537	9,800
’24	2,680	1,772	1,864	2,284	8,600
’23	2,888	1,830	1,957	2,218	8,893
’22	2,908	2,128	2,003	2,558	9,597
’21	2,691	1,676	1,747	2,202	8,316
’20	2,109	1,549	1,651	1,933	7,242

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,218	992	—	—	—
’25	1,163	853	939	425	3,379
’24	864	1,037	729	582	3,212
’23	796	958	784	480	3,018
’22	1,077	686	297	1	2,061
’21	395	831	781	26	2,033
’20	691	689	570	246	2,196

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	346	(306)	—	—	—
’25	419	(21)	(539)	(1,021)	(1,161)
’24	407	325	(37)	(310)	385
’23	297	414	128	(377)	462
’22	703	96	(371)	(658)	(250)
’21	(64)	301	164	(599)	(198)
’20	196	149	(4)	(363)	(22)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.45	0.91	—	—	—
’25	2.27	0.76	0.83	0.97	4.81
’24	1.97	0.67	0.76	1.43	4.83
’23	1.61	0.92	1.00	0.69	4.22
’22	1.79	0.91	0.96	0.80	4.45
’21	1.61	0.87	0.92	0.71	4.11
’20	1.43	0.76	0.84	0.76	3.79

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	50.44	56.05	58.48	67.21	68.01	80.55	80.82	75.47	75.13	91.94	Analyst estimates 2026–2028 Powerpack
	High	66.10	70.09	75.48	98.19	109.53	99.86	108.39	99.26	102.79	118.19
People
People	Employees	8,164	8,129	7,878	7,509	7,273	6,938	7,022	7,000	7,017	7,151
	Revenue/emp, $m	0.92	0.94	0.97	1.00	1.00	1.20	1.37	1.27	1.23	1.37
Income, $m
Income, $m	Revenue	7,472	7,649	7,680	7,523	7,242	8,316	9,597	8,893	8,600	9,800
	Gross margin, %	64.57	63.09	62.26	64.39	67.97	60.19	54.58	64.12	69.12	66.68
	EBT	1,507	1,588	1,230	1,260	1,429	1,499	1,733	1,536	1,746	1,674
	EBT margin, %	20.16	20.77	16.02	16.74	19.74	18.02	18.05	17.28	20.31	17.08
	Net income	940	1,205	1,061	1,135	1,201	1,299	1,410	1,332	1,524	1,556
	Depreciation	763	799	846	926	976	1,074	1,123	1,264	1,355	1,479
Per share, $
Per share, $	Revenue	23.68	24.23	24.34	23.85	22.96	26.37	30.43	28.20	27.20	30.44
	Earnings	2.98	3.81	3.36	3.60	3.80	4.12	4.46	4.22	4.83	4.84
	Cash flow	6.67	6.59	7.75	7.44	6.96	6.44	6.53	9.57	10.16	10.50
	Capex	(3.98)	(6.21)	(6.71)	(7.17)	(7.03)	(7.07)	(7.33)	(8.11)	(8.94)	(14.11)
	Free cash flow	2.68	0.38	1.05	0.27	(0.07)	(0.63)	(0.79)	1.46	1.22	(3.61)
	Book value	28.39	30.08	31.20	32.51	33.81	35.24	36.83	38.27	40.49	43.66
	Shares, m	316	316	316	315	315	315	315	315	316	322
Valuation, ×
Valuation, ×	P/E	19.63	17.26	20.61	25.69	24.15	23.50	21.11	20.46	19.47	21.70
	P/S	2.47	2.71	2.85	3.87	4.01	3.68	3.09	3.06	3.46	3.46
	P/B	2.07	2.19	2.23	2.85	2.73	2.76	2.56	2.26	2.33	2.42
	EV/Sales	3.83	4.15	4.37	5.55	5.98	5.55	4.89	5.17	5.82	5.74
	EV/FCF	33.79	266.59	101.78	493.35	(1,924.10)	(233.05)	(203.57)	99.57	129.94	(48.43)
Cash, $m
Cash, $m	Operating cash flow	2,104	2,079	2,446	2,346	2,196	2,033	2,061	3,018	3,212	3,379
	Capex	(1,257)	(1,959)	(2,116)	(2,261)	(2,218)	(2,231)	(2,311)	(2,557)	(2,827)	(4,540)
	Free cash flow	846	119	330	85	(22)	(198)	(250)	462	385	(1,161)
Balance, $m
Balance, $m	Working capital	(263)	(1,656)	(1,084)	(1,089)	(2,065)	(1,096)	(1,423)	(2,319)	(1,930)	(2,309)
	Total debt	10,176	11,033	11,799	12,735	14,291	15,590	17,295	18,798	20,327	22,314
	Net debt	10,138	10,994	11,715	12,698	14,266	15,574	17,266	18,755	20,317	22,287
	Shareholders’ equity	8,960	9,492	9,843	10,255	10,663	11,113	11,617	12,072	12,802	14,053
Returns, %
Returns, %	ROA	3.16	3.90	3.26	3.31	3.33	3.42	3.48	3.10	3.35	3.15
	ROIC	5.55	5.42	4.26	4.17	4.28	4.02	4.16	3.87	4.06	3.86
	ROE	10.68	13.09	10.99	11.32	11.51	11.98	12.42	11.27	12.31	11.63

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
EXC Exelon Corporation	$43.9B	15.9×	16.0×	+9.95% (above 0%: growing)	0.00%	+49.00% (above 0%: growing)	62.95%	16.41%	Compare
ED Consolidated Edison Inc	$40.5B	18.4×	17.0×	+13.18% (above 0%: growing)	+22.06% (above 0%: growing)	−30.76% (below 0%: shrinking)	74.22%	13.57%	Compare
PEG Public Service Enterprise Group Incorporated	$35.0B	17.8×	18.3×	−8.95% (below 0%: shrinking)	−42.74% (below 0%: shrinking)	+30.10% (above 0%: growing)	66.09%	18.05%	Compare
WEC WEC Energy Group, Inc.	$34.6B	21.0×	20.2×	+2.62% (above 0%: growing)	+19.48% (above 0%: growing)	−1,365.55% (below 0%: shrinking)	73.06%	20.99%
AEE Ameren Corporation	$28.7B	18.5×	20.3×	−5.81% (below 0%: shrinking)	+11.76% (above 0%: growing)	−51.22% (below 0%: shrinking)	73.90%	21.94%	Compare
PCG Pacific Gas & Electric Co.	$28.5B	9.5×	11.2×	+0.07% (above 0%: growing)	+37.50% (above 0%: growing)	−2.64% (below 0%: shrinking)	84.50%	21.40%	Compare
FTS Fortis	$27.9B	22.6×	21.5×	+4.02% (above 0%: growing)	+1.82% (above 0%: growing)	+29.48% (above 0%: growing)	45.92%	27.43%	Compare
DTE DTE Energy Company	$26.7B	20.5×	19.4×	−1.46% (below 0%: shrinking)	+22.73% (above 0%: growing)	−179.77% (below 0%: shrinking)	51.91%	13.59%	Compare
FE FirstEnergy Corporation	$26.4B	24.6×	16.8×	+8.82% (above 0%: growing)	+8.70% (above 0%: growing)	−143.84% (below 0%: shrinking)	64.30%	18.41%	Compare
Median of peers	$28.6B	18.4×	17.7×	+2.05%	+10.23%	−16.70%	65.20%	18.23%

All 40 Utilities Regulated Electric stocks →

WEC Energy Group, Inc. (WEC) key facts

Strength: WEC Energy Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.8 billion, up 14.0% from fiscal 2024.
Strength: Net income was $1.6 billion, or $4.84 per share (basic), a net margin of 15.9%.
WEC Energy Group, Inc. (WEC) is an Utilities Regulated Electric company in the Utilities sector, listed on the New York Stock Exchange.
As of October 16, 2026, WEC traded at $108.97, a market capitalization of $34.6 billion.
At that price the stock trades at 21.0× trailing-twelve-month earnings and 3.5× sales; its P/E is higher than 38% of its own readings over the past ten years.
WEC Energy Group, Inc. pays an annual dividend of $3.75 per share, a yield of 3.44%, with a payout ratio of 72.7%.
Return on equity was 11.6% and debt-to-equity 1.58.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.05 (distress zone) for fiscal 2025.