What is WEC Energy's earnings per share (EPS)?

WEC Energy (WEC) reported diluted earnings per share of $4.81 for fiscal year 2025. This represents a -0.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

WEC Energy Financials

WEC

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows WEC Energy (WEC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 49/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

WEC Energy has an operating margin of 22.9%, meaning the company retains $23 of operating profit per $100 of revenue. This strong profitability earns a score of 73/100, reflecting efficient cost management and pricing power. This is down from 25.0% the prior year.

Growth

WEC Energy's revenue grew 14.0% year-over-year to $9.8B, a solid pace of expansion. This earns a growth score of 57/100.

Leverage

WEC Energy carries a low D/E ratio of 1.32, meaning only $1.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

WEC Energy's current ratio of 0.59 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 6/100, which could limit financial flexibility.

Returns

WEC Energy's ROE of 11.1% shows moderate profitability relative to equity, earning a score of 36/100. This is down from 11.9% the prior year.

Altman Z-Score Distress

1.12

WEC Energy scores 1.12, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($37.8B) relative to total liabilities ($37.5B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

WEC Energy passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

2.17x

For every $1 of reported earnings, WEC Energy generates $2.17 in operating cash flow ($3.4B OCF vs $1.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.5x

WEC Energy earns $2.5 in operating income for every $1 of interest expense ($2.2B vs $895.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$9.8B

YoY+14.0%

5Y CAGR+6.2%

10Y CAGR+5.2%

WEC Energy generated $9.8B in revenue in fiscal year 2025. This represents an increase of 14.0% from the prior year.

EBITDA

$3.7B

YoY+6.2%

5Y CAGR+6.8%

10Y CAGR+7.5%

WEC Energy's EBITDA was $3.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.2% from the prior year.

Net Income

$1.6B

YoY+2.0%

5Y CAGR+5.3%

10Y CAGR+9.3%

WEC Energy reported $1.6B in net income in fiscal year 2025. This represents an increase of 2.0% from the prior year.

EPS (Diluted)

$4.81

YoY-0.4%

5Y CAGR+4.9%

10Y CAGR+7.5%

WEC Energy earned $4.81 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 0.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$27.6M

YoY+181.6%

5Y CAGR+2.2%

10Y CAGR-5.7%

WEC Energy held $27.6M in cash against $18.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

$3.57

YoY+6.9%

5Y CAGR+7.1%

10Y CAGR+7.5%

WEC Energy paid $3.57 per share in dividends in fiscal year 2025. This represents an increase of 6.9% from the prior year.

Shares Outstanding

326M

YoY+2.4%

5Y CAGR+0.6%

10Y CAGR+0.3%

WEC Energy had 326M shares outstanding in fiscal year 2025. This represents an increase of 2.4% from the prior year.

Margins & Returns

Gross Margin

66.7%

YoY-2.4pp

5Y CAGR-1.3pp

10Y CAGR+4.5pp

WEC Energy's gross margin was 66.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.4 percentage points from the prior year.

Operating Margin

22.9%

YoY-2.1pp

5Y CAGR-0.7pp

10Y CAGR+1.8pp

WEC Energy's operating margin was 22.9% in fiscal year 2025, reflecting core business profitability. This is down 2.1 percentage points from the prior year.

Net Margin

15.9%

YoY-1.8pp

5Y CAGR-0.7pp

10Y CAGR+5.1pp

WEC Energy's net profit margin was 15.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.8 percentage points from the prior year.

Return on Equity

11.1%

YoY-0.8pp

5Y CAGR-0.2pp

10Y CAGR+3.7pp

WEC Energy's ROE was 11.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.3M

YoY-59.4%

5Y CAGR-58.0%

10Y CAGR-33.3%

WEC Energy spent $1.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 59.4% from the prior year.

Capital Expenditures

N/A

WEC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$9.8B+14.0%	$8.6B-3.3%	$8.9B-7.3%	$9.6B+15.4%	$8.3B+14.8%	$7.2B
Cost of Revenue	$3.3B+23.0%	$2.7B-16.8%	$3.2B-26.8%	$4.4B+31.6%	$3.3B+42.7%	$2.3B
Gross Profit	$6.5B+9.9%	$5.9B+4.2%	$5.7B+8.8%	$5.2B+4.7%	$5.0B+1.7%	$4.9B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$2.2B+4.3%	$2.2B+12.8%	$1.9B-0.8%	$1.9B+12.2%	$1.7B+0.5%	$1.7B
Interest Expense	$895.1M+9.8%	$815.3M+12.2%	$726.9M+41.1%	$515.1M+9.3%	$471.1M-4.6%	$493.7M
Income Tax	$118.0M-46.8%	$222.0M+8.5%	$204.6M-36.6%	$322.9M+61.2%	$200.3M-12.1%	$227.9M
Net Income	$1.6B+2.0%	$1.5B+14.5%	$1.3B-5.5%	$1.4B+8.6%	$1.3B+8.1%	$1.2B
EPS (Diluted)	$4.81-0.4%	$4.83+14.5%	$4.22-5.2%	$4.45+8.3%	$4.11+8.4%	$3.79

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$2.5B+20.6%	$2.1B+4.7%	$2.0B-36.2%	$3.1B+37.9%	$2.3B+22.6%	$1.9B+5.2%	$1.8B-33.9%	$2.7B
Cost of Revenue	$921.5M+51.5%	$608.1M+6.6%	$570.5M-51.1%	$1.2B+57.9%	$738.4M+41.8%	$520.8M+10.9%	$469.7M-49.3%	$927.1M
Gross Profit	$1.6B+8.0%	$1.5B+4.0%	$1.4B-27.5%	$2.0B+28.3%	$1.5B+15.1%	$1.3B+3.1%	$1.3B-25.7%	$1.8B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$452.9M+0.7%	$449.6M+11.0%	$404.9M-56.8%	$937.5M+58.7%	$590.9M+54.0%	$383.7M+5.2%	$364.8M-55.2%	$813.4M
Interest Expense	$227.7M+1.8%	$223.6M+1.3%	$220.8M-1.0%	$223.0M+2.1%	$218.5M+7.0%	$204.2M+1.8%	$200.6M+4.5%	$192.0M
Income Tax	$3.4M-90.1%	$34.4M+76.4%	$19.5M-67.9%	$60.7M-0.7%	$61.1M+93.4%	$31.6M-24.0%	$41.6M-52.6%	$87.7M
Net Income	$316.8M+17.2%	$270.2M+11.2%	$243.0M-66.5%	$725.5M+60.1%	$453.1M+89.9%	$238.6M+13.6%	$210.0M-66.3%	$622.6M
EPS (Diluted)	N/A	$0.83+9.2%	$0.76-66.5%	$2.27	N/A	$0.76+13.4%	$0.67-66.0%	$1.97

WEC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$51.5B+8.8%	$47.4B+7.8%	$43.9B+4.9%	$41.9B+7.4%	$39.0B+5.3%	$37.0B
Current Assets	$3.3B+12.8%	$2.9B+4.1%	$2.8B-12.3%	$3.2B+20.0%	$2.7B+27.5%	$2.1B
Cash & Equivalents	$27.6M+181.6%	$9.8M-77.2%	$42.9M+48.4%	$28.9M+77.3%	$16.3M-34.3%	$24.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.1B+23.6%	$1.7B+11.0%	$1.5B-17.3%	$1.8B+20.8%	$1.5B+25.2%	$1.2B
Goodwill	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B
Total Liabilities	$37.5B+8.4%	$34.6B+8.5%	$31.9B+5.3%	$30.3B+8.5%	$27.9B+5.7%	$26.4B
Current Liabilities	$5.6B+15.5%	$4.8B-5.3%	$5.1B+10.9%	$4.6B+22.9%	$3.8B-9.5%	$4.1B
Long-Term Debt	$18.5B+7.7%	$17.2B+11.8%	$15.4B+4.9%	$14.7B+8.8%	$13.5B+15.4%	$11.7B
Total Equity	$14.1B+9.8%	$12.8B+6.1%	$12.1B+3.9%	$11.6B+4.5%	$11.1B+4.2%	$10.7B
Retained Earnings	$8.5B+5.1%	$8.1B+6.2%	$7.6B+4.8%	$7.3B+7.2%	$6.8B+7.0%	$6.3B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$51.5B+3.4%	$49.8B+2.6%	$48.5B+0.6%	$48.2B+1.8%	$47.4B+4.8%	$45.2B+1.4%	$44.6B+1.5%	$43.9B
Current Assets	$3.3B+30.6%	$2.5B-3.2%	$2.6B-11.7%	$2.9B+1.1%	$2.9B+11.2%	$2.6B+1.4%	$2.6B-0.8%	$2.6B
Cash & Equivalents	$27.6M-46.0%	$51.1M+122.2%	$23.0M-72.0%	$82.2M+738.8%	$9.8M-97.0%	$322.5M+44.0%	$224.0M+475.8%	$38.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.1B+62.5%	$1.3B-15.2%	$1.5B-17.4%	$1.8B+8.6%	$1.7B+42.0%	$1.2B-5.4%	$1.2B-20.2%	$1.6B
Goodwill	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B
Total Liabilities	$37.5B+4.7%	$35.8B+2.7%	$34.9B+0.1%	$34.8B+0.7%	$34.6B+5.4%	$32.8B+1.9%	$32.2B+2.2%	$31.5B
Current Liabilities	$5.6B+10.8%	$5.1B+7.5%	$4.7B-19.9%	$5.9B+21.1%	$4.8B+20.8%	$4.0B+14.8%	$3.5B-25.9%	$4.7B
Long-Term Debt	$18.5B+4.7%	$17.7B+3.2%	$17.1B+5.9%	$16.2B-5.9%	$17.2B+1.7%	$16.9B-0.1%	$16.9B+10.0%	$15.4B
Total Equity	$14.1B+0.3%	$14.0B+2.5%	$13.7B+1.8%	$13.4B+4.9%	$12.8B+3.3%	$12.4B0.0%	$12.4B-0.3%	$12.4B
Retained Earnings	$8.5B+0.3%	$8.5B-0.2%	$8.5B-0.5%	$8.5B+5.5%	$8.1B+2.4%	$7.9B-0.3%	$7.9B-0.7%	$8.0B

WEC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$3.4B+5.2%	$3.2B+6.4%	$3.0B+46.5%	$2.1B+1.4%	$2.0B-7.4%	$2.2B
Capital Expenditures	N/A	N/A	N/A	$2.7B+13.7%	$2.4B-17.5%	$2.9B
Free Cash Flow	N/A	N/A	N/A	-$636.2M-87.1%	-$340.0M+49.9%	-$678.3M
Investing Cash Flow	-$4.9B-28.2%	-$3.8B-6.9%	-$3.6B-34.7%	-$2.6B-14.3%	-$2.3B+17.6%	-$2.8B
Financing Cash Flow	$1.5B+225.8%	$467.7M-10.5%	$522.8M-22.7%	$676.4M+130.1%	$294.0M-51.1%	$601.1M
Dividends Paid	$1.1B+8.7%	$1.1B+7.3%	$984.2M+7.2%	$917.9M+7.4%	$854.8M+7.1%	$798.0M
Share Buybacks	$1.3M-59.4%	$3.2M-80.7%	$16.6M-76.0%	$69.2M+109.1%	$33.1M-66.6%	$99.2M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$424.6M-54.8%	$938.9M+10.0%	$853.3M-26.6%	$1.2B+99.8%	$581.8M-20.2%	$729.0M-29.7%	$1.0B+20.1%	$863.6M
Capital Expenditures	N/A	$1.6B+88.6%	$829.4M+18.3%	$701.1M	N/A	$796.3M+14.8%	$693.9M+56.1%	$444.5M
Free Cash Flow	N/A	-$625.7M-2718.0%	$23.9M-94.8%	$461.5M	N/A	-$67.3M-119.6%	$343.5M-18.0%	$419.1M
Investing Cash Flow	-$1.3B+18.4%	-$1.6B-83.4%	-$871.0M+20.9%	-$1.1B+37.0%	-$1.7B-118.0%	-$802.4M+1.5%	-$814.6M-86.7%	-$436.2M
Financing Cash Flow	$832.8M+17.7%	$707.3M+1351.9%	-$56.5M-239.9%	$40.4M-95.2%	$848.7M+545.4%	$131.5M+465.3%	-$36.0M+92.4%	-$476.5M
Dividends Paid	$290.4M+0.6%	$288.7M+1.3%	$285.1M+0.5%	$283.6M+7.0%	$265.0M+0.4%	$264.0M+0.1%	$263.7M+0.1%	$263.5M
Share Buybacks	$0	$0	$0-100.0%	$1.3M	$0	$0-100.0%	$1.2M-40.0%	$2.0M

WEC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	66.7%-2.4pp	69.1%+5.0pp	64.1%+9.5pp	54.6%-5.6pp	60.2%-7.8pp	68.0%
Operating Margin	22.9%-2.1pp	25.0%+3.6pp	21.5%+1.4pp	20.1%-0.6pp	20.6%-2.9pp	23.6%
Net Margin	15.9%-1.8pp	17.7%+2.7pp	15.0%+0.3pp	14.7%-0.9pp	15.6%-1.0pp	16.6%
Return on Equity	11.1%-0.8pp	11.9%+0.9pp	11.0%-1.1pp	12.1%+0.5pp	11.7%+0.4pp	11.3%
Return on Assets	3.0%-0.2pp	3.2%+0.2pp	3.0%-0.3pp	3.4%+0.0pp	3.3%+0.1pp	3.2%
Current Ratio	0.59-0.0	0.60+0.1	0.55-0.1	0.69-0.0	0.71+0.2	0.50
Debt-to-Equity	1.32-0.0	1.34+0.1	1.27+0.0	1.26+0.0	1.21+0.1	1.09
FCF Margin	N/A	N/A	N/A	-6.6%-2.5pp	-4.1%+5.3pp	-9.4%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	63.7%-7.4pp	71.1%-0.5pp	71.6%+8.6pp	63.0%-4.7pp	67.7%-4.4pp	72.0%-1.4pp	73.5%+8.1pp	65.4%
Operating Margin	17.8%-3.5pp	21.4%+1.2pp	20.2%-9.6pp	29.8%+3.9pp	25.9%+5.3pp	20.6%0.0pp	20.6%-9.8pp	30.3%
Net Margin	12.5%-0.3pp	12.8%+0.7pp	12.1%-10.9pp	23.0%+3.2pp	19.8%+7.0pp	12.8%+1.0pp	11.8%-11.4pp	23.2%
Return on Equity	2.3%+0.3pp	1.9%+0.2pp	1.8%-3.6pp	5.4%+1.9pp	3.5%+1.6pp	1.9%+0.2pp	1.7%-3.3pp	5.0%
Return on Assets	0.6%+0.1pp	0.5%+0.0pp	0.5%-1.0pp	1.5%+0.5pp	1.0%+0.4pp	0.5%+0.1pp	0.5%-1.0pp	1.4%
Current Ratio	0.59+0.1	0.50-0.1	0.55+0.1	0.50-0.1	0.60-0.1	0.65-0.1	0.74+0.2	0.55
Debt-to-Equity	1.32+0.1	1.260.0	1.25+0.0	1.20-0.1	1.34-0.0	1.360.0	1.36+0.1	1.24
FCF Margin	N/A	-29.7%-30.9pp	1.2%-13.5pp	14.6%	N/A	-3.6%-23.0pp	19.4%+3.7pp	15.6%

Note: The current ratio is below 1.0 (0.59), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is WEC Energy's annual revenue?

WEC Energy (WEC) reported $9.8B in total revenue for fiscal year 2025. This represents a 14.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is WEC Energy's revenue growing?

WEC Energy (WEC) revenue grew by 14% year-over-year, from $8.6B to $9.8B in fiscal year 2025.

Is WEC Energy profitable?

Yes, WEC Energy (WEC) reported a net income of $1.6B in fiscal year 2025, with a net profit margin of 15.9%.

What is WEC Energy's EBITDA?

WEC Energy (WEC) had EBITDA of $3.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does WEC Energy have?

As of fiscal year 2025, WEC Energy (WEC) had $27.6M in cash and equivalents against $18.5B in long-term debt.

What is WEC Energy's gross margin?

WEC Energy (WEC) had a gross margin of 66.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is WEC Energy's operating margin?

WEC Energy (WEC) had an operating margin of 22.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is WEC Energy's net profit margin?

WEC Energy (WEC) had a net profit margin of 15.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does WEC Energy pay dividends?

Yes, WEC Energy (WEC) paid $3.57 per share in dividends during fiscal year 2025.

What is WEC Energy's return on equity (ROE)?

WEC Energy (WEC) has a return on equity of 11.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is WEC Energy's operating cash flow?

WEC Energy (WEC) generated $3.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are WEC Energy's total assets?

WEC Energy (WEC) had $51.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Does WEC Energy buy back shares?

Yes, WEC Energy (WEC) spent $1.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does WEC Energy have outstanding?

WEC Energy (WEC) had 326M shares outstanding as of fiscal year 2025.

What is WEC Energy's current ratio?

WEC Energy (WEC) had a current ratio of 0.59 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is WEC Energy's debt-to-equity ratio?

WEC Energy (WEC) had a debt-to-equity ratio of 1.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is WEC Energy's return on assets (ROA)?

WEC Energy (WEC) had a return on assets of 3.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is WEC Energy's Altman Z-Score?

WEC Energy (WEC) has an Altman Z-Score of 1.12, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is WEC Energy's Piotroski F-Score?

WEC Energy (WEC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are WEC Energy's earnings high quality?

WEC Energy (WEC) has an earnings quality ratio of 2.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can WEC Energy cover its interest payments?

WEC Energy (WEC) has an interest coverage ratio of 2.5x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is WEC Energy?

WEC Energy (WEC) scores 49 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.