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

FY2025 annual

Revenue $9.8B +14.0% YoY

Net Income $1.6B +2.0% YoY

EPS (Diluted) $4.81 -0.4% YoY

Free Cash Flow Not reported for FY2025

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

WEC Energy (WEC) reported $9.8B in revenue for fiscal year 2025, up 14.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI WEC FY2025 2026-05-07

Cash-generating operations still rely on external financing because asset expansion and reinvestment outrun internally produced cash.

From FY2021 to FY2025, operating cash flow rose from $2.0B to $3.4B, so reported earnings are broadly cash-backed rather than merely accounting income. But investment demand stayed heavier, with FY2025 investing cash outflow at -$4.9B and long-term debt up to $18.5B, meaning the business converts profit to cash and then quickly reabsorbs that cash into the asset base.

Liquidity is structurally tight: current assets do not cover current liabilities, and FY2025 cash was only $27.6M against $5.6B due within a year. That does not mean operations are failing; it means short-term funding depends on collections, routine financing activity, and continued access to refinancing rather than a large cash cushion.

Operating margins improved over the last few years, but asset productivity barely moved, with return on assets at just 3.0% on a balance sheet of $51.5B. Meanwhile, interest expense climbed from $726.9M to $895.1M, which kept stronger operating income from translating into equally strong bottom-line expansion and shows that balance-sheet growth carries its own earnings drag.

Financial Health Signals

Financial Health Score 42/100

Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of WEC Energy's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

Leverage

Liquidity

Cash Flow

Not available for WEC Energy, and counted as zero in the overall score.

Returns

Altman Z-Score Distress

1.06

WEC Energy scores 1.06, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($34.5B) relative to total liabilities ($37.5B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

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

2.51x

WEC Energy earns $2.51 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

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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

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.

Free Cash Flow

Not reported for fiscal year 2025.

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

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.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

WEC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

WEC annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$10.1B	$9.8B+14.0%	$8.6B-3.3%	$8.9B-7.3%	$9.6B+15.4%	$8.3B+14.8%	$7.2B-3.7%	$7.5B-2.0%	$7.7B+0.4%	$7.6B+2.4%	$7.5B+26.1%	$5.9B+18.6%	$5.0B+10.6%	$4.5B+6.4%	$4.2B-5.3%	$4.5B
Cost of Revenue	$3.5B	$3.3B+23.0%	$2.7B-16.8%	$3.2B-26.8%	$4.4B+31.6%	$3.3B+42.7%	$2.3B-13.4%	$2.7B-7.6%	$2.9B+2.7%	$2.8B+6.6%	$2.6B+18.2%	$2.2B-0.9%	$2.3B+23.7%	$1.8B	N/A	N/A
Gross Profit	$6.7B	$6.5B+9.9%	$5.9B+4.2%	$5.7B+8.8%	$5.2B+4.7%	$5.0B+1.7%	$4.9B+1.6%	$4.8B+1.3%	$4.8B-0.9%	$4.8B0.0%	$4.8B+30.9%	$3.7B+34.6%	$2.7B+1.7%	$2.7B	N/A	N/A
Operating Income	$2.3B	$2.2B+4.3%	$2.2B+12.8%	$1.9B-0.8%	$1.9B+12.2%	$1.7B+0.5%	$1.7B+11.4%	$1.5B+4.3%	$1.5B-17.3%	$1.8B+4.7%	$1.7B+35.6%	$1.3B+12.4%	$1.1B+3.0%	$1.1B+8.0%	$1.0B+12.7%	$887.3M
Interest Expense	$908.7M	$895.1M+9.8%	$815.3M+12.2%	$726.9M+41.1%	$515.1M+9.3%	$471.1M-4.6%	$493.7M-1.6%	$501.5M+12.7%	$445.1M+7.1%	$415.7M+3.2%	$402.7M+21.5%	$331.4M+37.9%	$240.3M-4.2%	$250.9M+1.1%	$248.2M+5.3%	$235.8M
Income Tax	$117.9M	$118.0M-46.8%	$222.0M+8.5%	$204.6M-36.6%	$322.9M+61.2%	$200.3M-12.1%	$227.9M+82.3%	$125.0M-26.4%	$169.8M-55.7%	$383.5M-32.3%	$566.5M+30.6%	$433.8M+19.9%	$361.7M+7.0%	$337.9M+10.3%	$306.3M+16.1%	$263.9M
Net Income	$1.7B	$1.6B+2.0%	$1.5B+14.5%	$1.3B-5.5%	$1.4B+8.6%	$1.3B+8.1%	$1.2B+5.9%	$1.1B+7.0%	$1.1B-12.0%	$1.2B+28.3%	$939.0M+46.7%	$640.3M+8.6%	$589.5M+1.9%	$578.6M+5.9%	$546.3M+3.8%	$526.2M
EPS (Diluted)	—	$4.81-0.4%	$4.83+14.5%	$4.22-5.2%	$4.45+8.3%	$4.11+8.4%	$3.79+5.9%	$3.58+7.2%	$3.34-11.9%	$3.79+28.0%	$2.96+26.5%	$2.34-9.7%	$2.59+3.2%	$2.51+6.8%	$2.35+4.9%	$2.24

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$2.1B-40.0%	$3.4B+35.4%	$2.5B+20.6%	$2.1B+4.7%	$2.0B-36.2%	$3.1B+37.9%	$2.3B+22.6%	$1.9B
Cost of Revenue	$555.6M-60.1%	$1.4B+50.9%	$921.5M+51.5%	$608.1M+6.6%	$570.5M-51.1%	$1.2B+57.9%	$738.4M+41.8%	$520.8M
Gross Profit	$1.5B-26.3%	$2.0B+26.5%	$1.6B+8.0%	$1.5B+4.0%	$1.4B-27.5%	$2.0B+28.3%	$1.5B+15.1%	$1.3B
Operating Income	$432.8M-55.8%	$980.0M+116.4%	$452.9M+0.7%	$449.6M+11.0%	$404.9M-56.8%	$937.5M+58.7%	$590.9M+54.0%	$383.7M
Interest Expense	$228.9M+0.2%	$228.5M+0.4%	$227.7M+1.8%	$223.6M+1.3%	$220.8M-1.0%	$223.0M+2.1%	$218.5M+7.0%	$204.2M
Income Tax	$27.0M-49.2%	$53.1M+1461.8%	$3.4M-90.1%	$34.4M+76.4%	$19.5M-67.9%	$60.7M-0.7%	$61.1M+93.4%	$31.6M
Net Income	$301.0M-62.7%	$806.1M+154.5%	$316.8M+17.2%	$270.2M+11.2%	$243.0M-66.5%	$725.5M+60.1%	$453.1M+89.9%	$238.6M
EPS (Diluted)	$0.91-62.9%	$2.45	N/A	$0.83+9.2%	$0.76-66.5%	$2.27	N/A	$0.76

Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

WEC Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

WEC annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$51.5B+8.8%	$47.4B+7.8%	$43.9B+4.9%	$41.9B+7.4%	$39.0B+5.3%	$37.0B+5.9%	$35.0B+4.4%	$33.5B+6.0%	$31.6B+4.9%	$30.1B+2.6%	$29.4B+96.9%	$14.9B+3.2%	$14.4B+1.1%	$14.3B+3.1%	$13.9B
Current Assets	$3.3B+12.8%	$2.9B+4.1%	$2.8B-12.3%	$3.2B+20.0%	$2.7B+27.5%	$2.1B-0.5%	$2.1B-6.9%	$2.2B+1.5%	$2.2B+2.1%	$2.2B-1.7%	$2.2B+70.7%	$1.3B-16.7%	$1.6B+21.9%	$1.3B-10.8%	$1.4B
Cash & Equivalents	$27.6M+181.6%	$9.8M-77.2%	$42.9M+48.4%	$28.9M+77.3%	$16.3M-34.3%	$24.8M-33.9%	$37.5M-55.6%	$84.5M+117.2%	$38.9M+3.7%	$37.5M-24.7%	$49.8M-19.5%	$61.9M+138.1%	$26.0M-27.0%	$35.6M+152.5%	$14.1M
Accounts Receivable	$2.1B+23.6%	$1.7B+11.0%	$1.5B-17.3%	$1.8B+20.8%	$1.5B+25.2%	$1.2B+2.2%	$1.2B-8.2%	$1.3B-5.2%	$1.4B+8.8%	$1.2B+20.7%	$1.0B+59.9%	$643.4M+58.5%	$406.0M+42.3%	$285.3M-18.3%	$349.4M
Goodwill	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B0.0%	$3.1B+0.2%	$3.0B+0.8%	$3.0B+584.2%	$441.9M0.0%	$441.9M0.0%	$441.9M0.0%	$441.9M
Total Liabilities	$37.5B+8.4%	$34.6B+8.5%	$31.9B+5.3%	$30.3B+8.5%	$27.9B+5.7%	$26.4B+6.8%	$24.7B+4.5%	$23.6B+6.9%	$22.1B+4.4%	$21.2B+2.4%	$20.7B+97.7%	$10.5B+2.7%	$10.2B+0.6%	$10.1B+2.2%	$9.9B
Current Liabilities	$5.6B+15.5%	$4.8B-5.3%	$5.1B+10.9%	$4.6B+22.9%	$3.8B-9.5%	$4.1B+30.3%	$3.2B-4.5%	$3.3B-13.9%	$3.9B+59.1%	$2.4B-10.2%	$2.7B+62.3%	$1.7B+11.5%	$1.5B+3.8%	$1.4B+5.6%	$1.4B
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+4.5%	$11.2B+12.0%	$10.0B+14.1%	$8.7B-4.5%	$9.2B+0.4%	$9.1B+118.8%	$4.2B-4.4%	$4.4B-2.0%	$4.5B-3.5%	$4.6B
Total Equity	$14.1B+9.8%	$12.8B+6.1%	$12.1B+3.9%	$11.6B+4.5%	$11.1B+4.2%	$10.7B+4.0%	$10.3B+4.2%	$9.8B+3.7%	$9.5B+5.9%	$9.0B+3.2%	$8.7B+95.2%	$4.5B+4.4%	$4.3B+2.4%	$4.2B+5.1%	$4.0B
Retained Earnings	$8.5B+5.1%	$8.1B+6.2%	$7.6B+4.8%	$7.3B+7.2%	$6.8B+7.0%	$6.3B+6.8%	$5.9B+7.0%	$5.5B+7.0%	$5.2B+12.2%	$4.6B+7.3%	$4.3B+4.4%	$4.1B	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$52.8B+2.0%	$51.7B+0.4%	$51.5B+3.4%	$49.8B+2.6%	$48.5B+0.6%	$48.2B+1.8%	$47.4B+4.8%	$45.2B
Current Assets	$2.8B-6.7%	$3.0B-9.2%	$3.3B+30.6%	$2.5B-3.2%	$2.6B-11.7%	$2.9B+1.1%	$2.9B+11.2%	$2.6B
Cash & Equivalents	$50.0M+9.6%	$45.6M+65.2%	$27.6M-46.0%	$51.1M+122.2%	$23.0M-72.0%	$82.2M+738.8%	$9.8M-97.0%	$322.5M
Accounts Receivable	$1.5B-20.1%	$1.9B-7.2%	$2.1B+62.5%	$1.3B-15.2%	$1.5B-17.4%	$1.8B+8.6%	$1.7B+42.0%	$1.2B
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	$38.2B+2.7%	$37.2B-0.8%	$37.5B+4.7%	$35.8B+2.7%	$34.9B+0.1%	$34.8B+0.7%	$34.6B+5.4%	$32.8B
Current Liabilities	$5.2B+18.7%	$4.4B-21.5%	$5.6B+10.8%	$5.1B+7.5%	$4.7B-19.9%	$5.9B+21.1%	$4.8B+20.8%	$4.0B
Long-Term Debt	$19.2B-0.9%	$19.4B+4.8%	$18.5B+4.7%	$17.7B+3.2%	$17.1B+5.9%	$16.2B-5.9%	$17.2B+1.7%	$16.9B
Total Equity	$14.6B0.0%	$14.6B+3.7%	$14.1B+0.3%	$14.0B+2.5%	$13.7B+1.8%	$13.4B+4.9%	$12.8B+3.3%	$12.4B
Retained Earnings	$9.0B-0.1%	$9.0B+5.8%	$8.5B+0.3%	$8.5B-0.2%	$8.5B-0.5%	$8.5B+5.5%	$8.1B+2.4%	$7.9B

Not reported in any period shown, so not listed: Inventory.

WEC Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

WEC annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$3.6B	$3.4B+5.2%	$3.2B+6.4%	$3.0B+46.5%	$2.1B+1.4%	$2.0B-7.4%	$2.2B-6.4%	$2.3B-4.1%	$2.4B+17.7%	$2.1B-1.2%	$2.1B+62.4%	$1.3B+8.1%	$1.2B-2.7%	$1.2B+4.9%	$1.2B+18.2%	$993.4M
Capital Expenditures	N/A	N/A	N/A	N/A	$2.7B+13.7%	$2.4B-17.5%	$2.9B+13.7%	$2.5B+4.6%	$2.4B+23.4%	$2.0B+37.6%	$1.4B+12.4%	$1.3B+66.3%	$761.2M+5.0%	$725.2M+2.6%	$707.0M-14.9%	$830.8M
Free Cash Flow	N/A	N/A	N/A	N/A	-$636.2M-87.1%	-$340.0M+49.9%	-$678.3M-269.6%	-$183.5M-746.1%	$28.4M-76.2%	$119.1M-82.5%	$680.1M+2253.3%	$28.9M-93.4%	$436.5M-13.7%	$505.8M+8.3%	$466.9M+187.1%	$162.6M
Investing Cash Flow	-$5.1B	-$4.9B-28.2%	-$3.8B-6.9%	-$3.6B-34.7%	-$2.6B-14.3%	-$2.3B+17.6%	-$2.8B-12.5%	-$2.5B-4.6%	-$2.4B-5.8%	-$2.3B-66.5%	-$1.4B+44.1%	-$2.4B-220.1%	-$756.8M-1.5%	-$745.8M-2.2%	-$729.6M+18.3%	-$892.5M
Financing Cash Flow	$1.6B	$1.5B+225.8%	$467.7M-10.5%	$522.8M-22.7%	$676.4M+130.1%	$294.0M-51.1%	$601.1M+602.2%	$85.6M+224.2%	$26.4M-83.6%	$161.4M+119.1%	-$845.7M-168.5%	$1.2B+404.8%	-$405.0M+18.1%	-$494.8M-17.0%	-$422.8M-279.9%	-$111.3M
Dividends Paid	$1.2B	$1.1B+8.7%	$1.1B+7.3%	$984.2M+7.2%	$917.9M+7.4%	$854.8M+7.1%	$798.0M+7.2%	$744.5M+6.8%	$697.3M+6.2%	$656.5M+5.1%	$624.9M+37.2%	$455.4M+29.4%	$352.0M+7.0%	$328.9M+19.0%	$276.3M+14.2%	$242.0M
Share Buybacks	N/A	$1.3M-59.4%	$3.2M-80.7%	$16.6M-76.0%	$69.2M+109.1%	$33.1M-66.6%	$99.2M-29.2%	$140.1M+93.5%	$72.4M+1.5%	$71.3M-34.0%	$108.0M+44.6%	$74.7M-39.4%	$123.2M-44.9%	$223.4M+45.8%	$153.2M-21.0%	$193.9M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$992.3M-18.6%	$1.2B+187.0%	$424.6M-54.8%	$938.9M+10.0%	$853.3M-26.6%	$1.2B+99.8%	$581.8M-20.2%	$729.0M
Capital Expenditures	$1.3B+54.3%	$817.9M	N/A	$1.6B+88.6%	$829.4M+18.3%	$701.1M	N/A	$796.3M
Free Cash Flow	-$269.7M-167.3%	$400.5M	N/A	-$625.7M-2718.0%	$23.9M-94.8%	$461.5M	N/A	-$67.3M
Investing Cash Flow	-$1.3B-48.3%	-$886.4M+32.0%	-$1.3B+18.4%	-$1.6B-83.4%	-$871.0M+20.9%	-$1.1B+37.0%	-$1.7B-118.0%	-$802.4M
Financing Cash Flow	$310.4M+205.0%	-$295.6M-135.5%	$832.8M+17.7%	$707.3M+1351.9%	-$56.5M-239.9%	$40.4M-95.2%	$848.7M+545.4%	$131.5M
Dividends Paid	$310.2M0.0%	$310.1M+6.8%	$290.4M+0.6%	$288.7M+1.3%	$285.1M+0.5%	$283.6M+7.0%	$265.0M+0.4%	$264.0M
Share Buybacks	N/A	N/A	$0	$0	$0-100.0%	$1.3M	$0	$0

WEC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

WEC annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	66.7%-2.4pp	69.1%+5.0pp	64.1%+9.5pp	54.6%-5.6pp	60.2%-7.8pp	68.0%+3.6pp	64.4%+2.1pp	62.3%-0.8pp	63.1%-1.5pp	64.6%+2.4pp	62.2%+7.4pp	54.8%-4.8pp	59.6%	N/A	N/A
Operating Margin	22.9%-2.1pp	25.0%+3.6pp	21.5%+1.4pp	20.1%-0.6pp	20.6%-2.9pp	23.6%+3.2pp	20.4%+1.2pp	19.1%-4.1pp	23.2%+0.5pp	22.7%+1.6pp	21.1%-1.2pp	22.3%-1.6pp	23.9%+0.3pp	23.6%+3.8pp	19.8%
Net Margin	15.9%-1.8pp	17.7%+2.7pp	15.0%+0.3pp	14.7%-0.9pp	15.6%-1.0pp	16.6%+1.5pp	15.1%+1.3pp	13.8%-1.9pp	15.8%+3.2pp	12.6%+1.8pp	10.8%-1.0pp	11.8%-1.0pp	12.8%-0.1pp	12.9%+1.1pp	11.7%
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%+0.2pp	11.1%+0.3pp	10.8%-1.9pp	12.7%+2.2pp	10.5%+3.1pp	7.4%-5.9pp	13.3%-0.3pp	13.6%+0.5pp	13.1%-0.2pp	13.3%
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%0.0pp	3.3%+0.1pp	3.2%-0.6pp	3.8%+0.7pp	3.1%+0.9pp	2.2%-1.8pp	4.0%0.0pp	4.0%+0.2pp	3.8%0.0pp	3.8%
Current Ratio	0.590.0x	0.60+0.1x	0.55-0.1x	0.690.0x	0.71+0.2x	0.50-0.2x	0.660.0x	0.67+0.1x	0.57-0.3x	0.89+0.1x	0.810.0x	0.77-0.3x	1.04+0.2x	0.88-0.2x	1.05
Debt-to-Equity	1.320.0x	1.34+0.1x	1.270.0x	1.260.0x	1.21+0.1x	1.090.0x	1.09+0.1x	1.01+0.1x	0.92-0.1x	1.020.0x	1.05+0.1x	0.94-0.1x	1.020.0x	1.07-0.1x	1.16
FCF Margin	N/A	N/A	N/A	-6.6%-2.5pp	-4.1%+5.3pp	-9.4%-6.9pp	-2.4%-2.8pp	0.4%-1.2pp	1.6%-7.5pp	9.1%+8.6pp	0.5%-8.3pp	8.7%-2.4pp	11.2%+0.2pp	11.0%+7.4pp	3.6%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	73.1%+13.6pp	59.5%-4.2pp	63.7%-7.4pp	71.1%-0.5pp	71.6%+8.6pp	63.0%-4.7pp	67.7%-4.4pp	72.0%
Operating Margin	21.0%-7.5pp	28.5%+10.7pp	17.8%-3.5pp	21.4%+1.2pp	20.2%-9.6pp	29.8%+3.9pp	25.9%+5.3pp	20.6%
Net Margin	14.6%-8.9pp	23.5%+11.0pp	12.5%-0.3pp	12.8%+0.7pp	12.1%-10.9pp	23.0%+3.2pp	19.8%+7.0pp	12.8%
Return on Equity	2.1%-3.5pp	5.5%+3.3pp	2.3%+0.3pp	1.9%+0.2pp	1.8%-3.6pp	5.4%+1.9pp	3.5%+1.6pp	1.9%
Return on Assets	0.6%-1.0pp	1.6%+0.9pp	0.6%+0.1pp	0.5%0.0pp	0.5%-1.0pp	1.5%+0.5pp	1.0%+0.4pp	0.5%
Current Ratio	0.53-0.1x	0.68+0.1x	0.59+0.1x	0.50-0.1x	0.55+0.1x	0.50-0.1x	0.60-0.1x	0.65
Debt-to-Equity	1.320.0x	1.330.0x	1.32+0.1x	1.260.0x	1.250.0x	1.20-0.1x	1.340.0x	1.36
FCF Margin	-13.1%-24.7pp	11.7%	N/A	-29.7%-30.9pp	1.2%-13.5pp	14.6%	N/A	-3.6%

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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Where WEC Energy Ranks

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 14.0% 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 1.06, 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 to 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 2.51x, 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 42 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.