This page shows Wisconsin Elec Pwr Co (WELPM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Rising profits are being overwhelmed by a capital-spending surge, making this an earnings-positive but cash-hungry operating model.
In FY2025, net income increased to$626.8M while free cash flow fell to-$1.6B because capital spending reached$2.7B , far above operating cash flow of$1.1B . Across FY2023 to FY2025, operating margin stayed near the mid-20% range and ROE near9% , so the main story is not weakening operations but a much larger reinvestment cycle that had to be bridged with external financing.
Profitability has become more efficient even without explosive top-line change: net margin moved from
Liquidity is deliberately lean, with the current ratio below 1.0x in each of the last three years and cash at
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Wisconsin Elec Pwr Co'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.
Wisconsin Elec Pwr Co has an operating margin of 26.1%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 80/100, reflecting efficient cost management and pricing power. This is down from 26.7% the prior year.
Wisconsin Elec Pwr Co's revenue grew 12.9% year-over-year to $4.5B, a solid pace of expansion. This earns a growth score of 42/100.
Wisconsin Elec Pwr Co carries a low D/E ratio of 0.67, meaning only $0.67 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.
Wisconsin Elec Pwr Co's current ratio of 0.76 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Wisconsin Elec Pwr Co generated $1.1B in operating cash flow, capex of $2.7B consumed most of it, leaving -$1.6B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Wisconsin Elec Pwr Co's ROE of 9.3% shows moderate profitability relative to equity, earning a score of 32/100. This is up from 9.3% the prior year.
Wisconsin Elec Pwr Co passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Wisconsin Elec Pwr Co generates $1.80 in operating cash flow ($1.1B OCF vs $626.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Wisconsin Elec Pwr Co earns $2.4 in operating income for every $1 of interest expense ($1.2B vs $490.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Wisconsin Elec Pwr Co generated $4.5B in revenue in fiscal year 2025. This represents an increase of 12.9% from the prior year.
Wisconsin Elec Pwr Co's EBITDA was $1.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.1% from the prior year.
Wisconsin Elec Pwr Co reported $626.8M in net income in fiscal year 2025. This represents an increase of 22.1% from the prior year.
Cash & Balance Sheet
Wisconsin Elec Pwr Co generated -$1.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 806.3% from the prior year.
Wisconsin Elec Pwr Co held $0 in cash against $4.5B in long-term debt as of fiscal year 2025.
Wisconsin Elec Pwr Co had 33M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Wisconsin Elec Pwr Co's gross margin was 66.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the prior year.
Wisconsin Elec Pwr Co's operating margin was 26.1% in fiscal year 2025, reflecting core business profitability. This is down 0.6 percentage points from the prior year.
Wisconsin Elec Pwr Co's net profit margin was 14.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.1 percentage points from the prior year.
Wisconsin Elec Pwr Co's ROE was 9.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the prior year.
Capital Allocation
Wisconsin Elec Pwr Co invested $2.7B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 90.1% from the prior year.
WELPM Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B-8.3% | $1.2B+18.9% | $1.0B-14.3% | $1.2B+22.8% | $959.8M-11.1% | $1.1B+19.7% | $902.0M-13.2% | $1.0B |
| Cost of Revenue | $371.7M-7.4% | $401.2M+23.0% | $326.3M-18.3% | $399.6M+27.1% | $314.3M-11.2% | $353.9M+26.4% | $279.9M-20.5% | $352.2M |
| Gross Profit | $730.1M-8.8% | $800.7M+17.0% | $684.5M-12.2% | $779.5M+20.8% | $645.5M-11.0% | $725.4M+16.6% | $622.1M-9.4% | $686.6M |
| 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 | $237.0M-30.2% | $339.4M+36.4% | $248.8M-28.0% | $345.6M+37.2% | $251.9M-21.6% | $321.3M+50.6% | $213.4M-22.3% | $274.6M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | $120.4M-0.3% | $120.8M |
| Income Tax | $22.5M-37.8% | $36.2M+72.4% | $21.0M-40.5% | $35.3M+20.9% | $29.2M-38.9% | $47.8M+102.5% | $23.6M-34.1% | $35.8M |
| Net Income | $115.1M-41.6% | $197.1M+66.3% | $118.5M-39.6% | $196.1M+57.5% | $124.5M-26.5% | $169.4M+98.6% | $85.3M-36.3% | $134.0M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
WELPM Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $19.7B+5.5% | $18.7B+5.2% | $17.7B+2.1% | $17.4B+1.0% | $17.2B+2.1% | $16.8B+3.7% | $16.2B+2.5% | $15.8B |
| Current Assets | $1.4B+20.1% | $1.1B-5.1% | $1.2B-2.3% | $1.2B-4.4% | $1.3B-5.7% | $1.3B+18.2% | $1.1B+2.4% | $1.1B |
| Cash & Equivalents | $0-100.0% | $3.0M+42.9% | $2.1M-96.7% | $62.7M+15575.0% | $400K-99.8% | $253.4M | $0-100.0% | $10.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $12.9B+9.5% | $11.8B+4.1% | $11.3B-0.8% | $11.4B-2.2% | $11.7B+1.2% | $11.6B+4.4% | $11.1B+3.5% | $10.7B |
| Current Liabilities | $1.8B+75.4% | $1.0B+1.5% | $1.0B-16.2% | $1.2B-18.1% | $1.5B+4.4% | $1.4B-12.8% | $1.6B+13.2% | $1.4B |
| Long-Term Debt | $4.5B+7.0% | $4.2B+13.3% | $3.7B-0.1% | $3.7B0.0% | $3.7B-0.1% | $3.7B+18.9% | $3.1B+3.0% | $3.0B |
| Total Equity | $6.8B-1.2% | $6.9B+7.1% | $6.4B+7.9% | $5.9B+7.9% | $5.5B+4.1% | $5.3B+2.1% | $5.2B+0.5% | $5.2B |
| Retained Earnings | $2.5B-9.0% | $2.7B+2.9% | $2.6B+2.3% | $2.6B+5.6% | $2.4B+2.7% | $2.4B+4.8% | $2.3B+1.1% | $2.2B |
WELPM Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $133.2M-68.8% | $426.9M+142.6% | $176.0M-55.1% | $391.7M+50.4% | $260.4M-32.8% | $387.3M+56.5% | $247.4M-33.0% | $369.4M |
| Capital Expenditures | $851.8M-16.7% | $1.0B+126.5% | $451.2M+8.0% | $417.9M-8.1% | $454.7M+3.4% | $439.7M+27.3% | $345.3M+70.1% | $203.0M |
| Free Cash Flow | -$718.6M-20.8% | -$595.1M-116.2% | -$275.2M-950.4% | -$26.2M+86.5% | -$194.3M-270.8% | -$52.4M+46.5% | -$97.9M-158.8% | $166.4M |
| Investing Cash Flow | -$848.3M+15.9% | -$1.0B-121.1% | -$456.4M-16.8% | -$390.6M+14.3% | -$455.9M-3.6% | -$439.9M+1.1% | -$444.6M-125.3% | -$197.3M |
| Financing Cash Flow | $709.6M+21.0% | $586.3M+170.3% | $216.9M+238.9% | $64.0M+208.5% | -$59.0M-119.1% | $309.0M+68.8% | $183.1M+211.0% | -$164.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
WELPM Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.3%-0.4pp | 66.6%-1.1pp | 67.7%+1.6pp | 66.1%-1.1pp | 67.3%+0.0pp | 67.2%-1.8pp | 69.0%+2.9pp | 66.1% |
| Operating Margin | 21.5%-6.7pp | 28.2%+3.6pp | 24.6%-4.7pp | 29.3%+3.1pp | 26.3%-3.5pp | 29.8%+6.1pp | 23.7%-2.8pp | 26.4% |
| Net Margin | 10.4%-6.0pp | 16.4%+4.7pp | 11.7%-4.9pp | 16.6%+3.7pp | 13.0%-2.7pp | 15.7%+6.2pp | 9.5%-3.4pp | 12.9% |
| Return on Equity | 1.7%-1.2pp | 2.9%+1.0pp | 1.8%-1.5pp | 3.3%+1.0pp | 2.3%-0.9pp | 3.2%+1.6pp | 1.7%-0.9pp | 2.6% |
| Return on Assets | 0.6%-0.5pp | 1.1%+0.4pp | 0.7%-0.5pp | 1.1%+0.4pp | 0.7%-0.3pp | 1.0%+0.5pp | 0.5%-0.3pp | 0.9% |
| Current Ratio | 0.76-0.4 | 1.11-0.1 | 1.19+0.2 | 1.02+0.1 | 0.87-0.1 | 0.97+0.3 | 0.71-0.1 | 0.79 |
| Debt-to-Equity | 0.67+0.1 | 0.62+0.0 | 0.58-0.0 | 0.63-0.0 | 0.68-0.0 | 0.71+0.1 | 0.61+0.0 | 0.59 |
| FCF Margin | -65.2%-15.7pp | -49.5%-22.3pp | -27.2%-25.0pp | -2.2%+18.0pp | -20.2%-15.4pp | -4.9%+6.0pp | -10.8%-26.9pp | 16.0% |
Note: The current ratio is below 1.0 (0.76), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Wisconsin Elec Pwr Co's annual revenue?
Wisconsin Elec Pwr Co (WELPM) reported $4.5B in total revenue for fiscal year 2025. This represents a 12.9% 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 Wisconsin Elec Pwr Co's revenue growing?
Wisconsin Elec Pwr Co (WELPM) revenue grew by 12.9% year-over-year, from $4.0B to $4.5B in fiscal year 2025.
Is Wisconsin Elec Pwr Co profitable?
Yes, Wisconsin Elec Pwr Co (WELPM) reported a net income of $626.8M in fiscal year 2025, with a net profit margin of 14.0%.
What is Wisconsin Elec Pwr Co's EBITDA?
Wisconsin Elec Pwr Co (WELPM) had EBITDA of $1.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Wisconsin Elec Pwr Co have?
As of fiscal year 2025, Wisconsin Elec Pwr Co (WELPM) had $0 in cash and equivalents against $4.5B in long-term debt.
What is Wisconsin Elec Pwr Co's gross margin?
Wisconsin Elec Pwr Co (WELPM) had a gross margin of 66.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Wisconsin Elec Pwr Co's operating margin?
Wisconsin Elec Pwr Co (WELPM) had an operating margin of 26.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Wisconsin Elec Pwr Co's net profit margin?
Wisconsin Elec Pwr Co (WELPM) had a net profit margin of 14.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Wisconsin Elec Pwr Co's return on equity (ROE)?
Wisconsin Elec Pwr Co (WELPM) has a return on equity of 9.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Wisconsin Elec Pwr Co's free cash flow?
Wisconsin Elec Pwr Co (WELPM) generated -$1.6B in free cash flow during fiscal year 2025. This represents a -806.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Wisconsin Elec Pwr Co's operating cash flow?
Wisconsin Elec Pwr Co (WELPM) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Wisconsin Elec Pwr Co's total assets?
Wisconsin Elec Pwr Co (WELPM) had $19.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Wisconsin Elec Pwr Co's capital expenditures?
Wisconsin Elec Pwr Co (WELPM) invested $2.7B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Wisconsin Elec Pwr Co's current ratio?
Wisconsin Elec Pwr Co (WELPM) had a current ratio of 0.76 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Wisconsin Elec Pwr Co's debt-to-equity ratio?
Wisconsin Elec Pwr Co (WELPM) had a debt-to-equity ratio of 0.67 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Wisconsin Elec Pwr Co's return on assets (ROA)?
Wisconsin Elec Pwr Co (WELPM) had a return on assets of 3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Wisconsin Elec Pwr Co's Piotroski F-Score?
Wisconsin Elec Pwr Co (WELPM) 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 Wisconsin Elec Pwr Co's earnings high quality?
Wisconsin Elec Pwr Co (WELPM) has an earnings quality ratio of 1.80x, 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 Wisconsin Elec Pwr Co cover its interest payments?
Wisconsin Elec Pwr Co (WELPM) has an interest coverage ratio of 2.4x, 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 Wisconsin Elec Pwr Co?
Wisconsin Elec Pwr Co (WELPM) scores 42 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.