WEC Energy Group, Inc. (WEC) 10-Year Financial Performance & Capital Metrics

WEC • • Utilities

UtilitiesElectric UtilitiesElectric and gas combination utilities

AboutWEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, oil, hydroelectric, wind, solar, and biomass sources; provides electric transmission services; offers retail natural gas distribution services; transports natural gas; and generates, distributes, and sells steam. As of December 31, 2021, it operated approximately 35,800 miles of overhead distribution lines and 35,600 miles of underground distribution cables, as well as 440 electric distribution substations and 510,500 line transformers; 50,900 miles of natural gas distribution mains; 1,200 miles of natural gas transmission mains; 2.3 million natural gas lateral services; 500 natural gas distribution and transmission gate stations; and 68.2 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was incorporated in 1981 and is headquartered in Milwaukee, Wisconsin.Show more

Revenue $9.8B +14.0%
EBITDA $3.85B +9.9%
Net Income $1.56B +2.0%
Free Cash Flow -$1.02B -336.5%
EBITDA Margin 39.32% -3.6%
Net Margin 15.9% -10.5%
ROE 5.82% -52.7%
Interest Coverage 2.65 +0.5%
Debt/Equity 0.09 -94.1%
Net Debt/EBITDA 0.98 -83.0%
CapEx / Revenue 44.88% +38.8%
CapEx Coverage 0.77 -33.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓23 years of consecutive dividend growth
✓23 consecutive years of dividend growth
✓Healthy dividend yield of 3.0%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5.16%

5Y6.24%

3Y0.7%

TTM13.96%

Profit (Net Income) CAGR

10Y9.3%

5Y5.35%

3Y3.41%

TTM1.96%

EPS CAGR

10Y7.52%

5Y4.97%

3Y2.77%

TTM0%

ROCE

10Y Avg5.4%

5Y Avg5.2%

3Y Avg5.23%

Latest5.37%

Peer Comparison

Electric and gas combination utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ESEversource Energy	28.59B	76.21	33.57	-0.08%	10.22%	8.3%		1.92
ETREntergy Corporation	48.45B	107.11	27.39	8.98%	13.68%	10.28%		1.80
LNTAlliant Energy Corporation	18.6B	72.34	26.89	-1.14%	19.13%	11.19%		1.49
XELXcel Energy Inc.	49.3B	83.36	24.23	-5.38%	13.46%	9.04%		1.55
WECWEC Energy Group, Inc.	38.07B	116.96	24.22	13.96%	15.9%	3.82%		0.09
FTSFortis Inc.	29.17B	57.50	23.14	5.75%	14.79%	6.48%		1.34
CMSCMS Energy Corporation	6.57B	78.07	22.12	13.63%	12.62%	11.1%	34.04%	1.99
AEEAmeren Corporation	31.31B	113.28	21.17	15.43%	16.55%	10.76%		1.47

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	7.47B	7.65B	7.68B	7.52B	7.24B	8.32B	9.6B	8.89B	8.6B	9.8B
Revenue Growth %	26.09%	2.36%	0.41%	-2.04%	-3.74%	14.83%	15.41%	-7.34%	-3.3%	13.96%
Cost of Revenue	4.82B	4.88B	5.17B	4.86B	4.35B	5.32B	6.3B	5.29B	4.81B	4.85B
Gross Profit+	2.65B	2.77B	2.51B	2.66B	2.89B	3B	3.3B	3.6B	3.79B	4.95B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	34.24%	4.37%	-9.33%	5.91%	8.67%	3.79%	10.04%	9.11%	5.13%	30.85%
Operating Expenses+	957.3M	993.5M	1.04B	1.13B	1.18B	1.28B	1.38B	1.69B	1.63B	2.58B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	2.44B	2.58B	2.31B	2.46B	2.68B	2.79B	3.05B	3.17B	3.51B	3.85B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	33.3%	5.69%	-10.43%	6.2%	9.13%	4%	9.24%	4.12%	10.56%	9.87%
Depreciation & Amortization+	762.6M	798.6M	845.8M	926.3M	975.9M	1.07B	1.12B	1.26B	1.35B	1.48B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	1.68B	1.79B	1.47B	1.53B	1.71B	1.71B	1.92B	1.91B	2.15B	2.37B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	34.51%	6.13%	-17.75%	4.29%	11.41%	0.52%	12.2%	-0.84%	12.83%	10.32%
Interest Expense+	402.7M	415.7M	445.1M	501.5M	493.7M	471.1M	515.1M	727.4M	815.3M	895.1M
Interest Coverage	4.18x	4.29x	3.30x	3.05x	3.46x	3.64x	3.74x	2.62x	2.64x	2.65x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	1.51B	1.59B	1.23B	1.26B	1.43B	1.5B	1.73B	1.54B	1.75B	1.67B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	566.5M	383.5M	169.8M	125M	227.9M	200.3M	322.9M	204.6M	222M	118M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	940.2M	1.2B	1.06B	1.14B	1.2B	1.3B	1.41B	1.33B	1.53B	1.56B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	46.84%	28.15%	-11.98%	7.04%	5.81%	8.36%	8.28%	-5.42%	14.67%	1.96%
EPS (Diluted)+	2.96	3.79	3.35	3.58	3.79	4.11	4.45	4.22	4.83	4.83
EPS Growth %	26.5%	28.04%	-11.61%	6.87%	5.87%	8.44%	8.27%	-5.17%	14.46%	0%
EPS (Basic)	2.98	3.81	3.36	3.60	3.80	4.12	4.46	4.22	4.81	4.86
Diluted Shares Outstanding	316.9M	317.2M	316.9M	316.7M	316.5M	316.3M	316.1M	315.9M	316.5M	327.9M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	30.12B	31.59B	33.48B	34.95B	37.03B	38.99B	41.87B	43.94B	47.36B	51.52B
Asset Growth %	2.62%	4.87%	5.97%	4.41%	5.94%	5.29%	7.4%	4.94%	7.79%	8.77%
PP&E (Net)+	19.92B	21.35B	22B	23.62B	25.71B	26.98B	29.11B	31.58B	34.65B	38.28B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.17B	2.21B	2.25B	2.09B	2.08B	2.66B	3.19B	2.8B	2.91B	2.89B
Cash & Equivalents	37.5M	38.9M	84.5M	37.5M	24.8M	16.3M	28.9M	42.9M	9.8M	27.6M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	587.6M	539M	548.2M	549.8M	528.6M	635.8M	807.1M	775.2M	813.2M	803.4M
Other Current Assets	97.5M	74.9M	77.2M	68M	63.4M	253.4M	261.7M	223.7M	121.9M	-271.2M
Long-Term Investments	1.44B	1.55B	1.67B	1.72B	1.76B	1.79B	1.91B	2.01B	2.11B	2.28B
Goodwill	3.05B	3.05B	3.05B	3.05B	3.05B	3.05B	3.05B	3.05B	3.05B	3.05B
Intangible Assets	0	0	0	0	0	0	0	34.5M	34.5M	580.3M
Other Assets	3.55B	3.42B	4.51B	4.46B	4.42B	4.51B	4.61B	4.47B	4.61B	-2.28B
Total Liabilities	21.16B	22.1B	23.63B	24.7B	26.37B	27.88B	30.26B	31.87B	34.56B	36.89B
Total Debt+	10.18B	11.03B	11.8B	12.73B	14.29B	15.59B	17.37B	18.8B	20.33B	3.82B
Net Debt	10.14B	10.99B	11.71B	12.7B	14.27B	15.57B	17.34B	18.75B	20.32B	3.79B
Long-Term Debt	9.16B	8.75B	9.99B	11.17B	11.67B	13.47B	14.58B	15.37B	17.18B	18.5B
Short-Term Borrowings	1.02B	2.29B	1.81B	1.52B	2.55B	1.99B	2.53B	3.29B	2.85B	3.44B
Capital Lease Obligations	0	0	0	45.9M	63.4M	129.7M	255.9M	145.9M	303.3M	372M
Total Current Liabilities+	2.43B	3.87B	3.33B	3.18B	4.15B	3.75B	4.61B	5.11B	4.84B	5.59B
Accounts Payable	861.5M	859.9M	876.4M	908.1M	880.7M	1.01B	1.2B	896.6M	1.14B	1.14B
Accrued Expenses	163.8M	169.1M	185.4M	199.8M	174M	0	0	0	0	0
Deferred Revenue	566.2M	543.3M	520.4M	497.1M	412.2M	389.2M	370.7M	356.4M	334.6M	314.2M
Other Current Liabilities	388.9M	553.6M	464.8M	550.8M	530.7M	680.9M	811.9M	933.1M	859.2M	1.01B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	3.86B	5.94B	6.4B	6.04B	6.02B	5.9B	5.88B	5.97B	6.39B	6.22B
Total Equity+	8.99B	9.52B	9.84B	10.25B	10.66B	11.11B	11.62B	12.07B	12.8B	40.77B
Equity Growth %	3.16%	5.91%	3.37%	4.18%	3.98%	4.23%	4.53%	3.92%	6.05%	218.43%
Shareholders Equity	8.96B	9.49B	9.82B	10.14B	10.5B	10.94B	11.41B	11.75B	12.43B	13.64B
Minority Interest	30.4M	30.4M	23.4M	110.8M	162.4M	169.7M	209.3M	316.9M	376.5M	408.8M
Common Stock	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.3M
Additional Paid-in Capital	4.31B	4.28B	4.25B	4.19B	4.14B	4.14B	4.12B	4.12B	4.32B	5.12B
Retained Earnings	4.61B	5.18B	5.54B	5.93B	6.33B	6.78B	7.27B	7.61B	8.08B	8.49B
Accumulated OCI	2.9M	2.9M	-2.6M	-4.1M	-6.8M	-3.2M	-6.8M	-7.7M	-7.8M	-7.6M
Return on Assets (ROA)	3.16%	3.9%	3.26%	3.32%	3.34%	3.42%	3.49%	3.11%	3.35%	3.15%
Return on Equity (ROE)	10.62%	13.02%	10.95%	11.3%	11.48%	11.95%	12.4%	11.25%	12.29%	5.82%
Debt / Equity	1.13x	1.16x	1.20x	1.24x	1.34x	1.40x	1.50x	1.56x	1.59x	0.09x
Debt / Assets	33.78%	34.93%	35.25%	36.44%	38.59%	39.99%	41.48%	42.78%	42.92%	7.41%
Net Debt / EBITDA	4.15x	4.26x	5.06x	5.17x	5.32x	5.58x	5.69x	5.91x	5.79x	0.98x
Book Value per Share	28.37	30.02	31.06	32.38	33.69	35.14	36.75	38.21	40.45	124.32

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	2.1B	2.08B	2.45B	2.35B	2.2B	2.03B	2.06B	3.02B	3.21B	3.38B
Operating CF Growth %	62.61%	-1.14%	17.59%	-4.09%	-6.37%	-7.44%	1.38%	46.47%	6.41%	5.22%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	940.2M	1.2B	1.06B	1.13B	1.2B	1.3B	1.41B	1.33B	1.52B	1.56B
Depreciation & Amortization	762.6M	798.6M	845.8M	926.3M	975.9M	1.07B	1.12B	1.26B	1.35B	1.48B
Deferred Taxes	493.8M	271.7M	297.3M	162.9M	209.4M	151.1M	280.1M	219.4M	529M	0
Other Non-Cash Items	-128.9M	-322.7M	194.2M	-48.2M	-138.9M	-184.4M	-410.9M	-31.3M	-116.7M	455.6M
Working Capital Changes	36.1M	126.1M	47.7M	169.8M	-51.8M	-306.8M	-340.8M	234.4M	-79.3M	-110.2M
Capital Expenditures+	-1.42B	-1.96B	-2.12B	-2.26B	-2.24B	-2.25B	-2.31B	-2.49B	-2.78B	-4.4B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-1.27B	-2.24B	-2.38B	-2.49B	-2.81B	-2.31B	-2.64B	-3.56B	-3.8B	-4.87B
Acquisitions	-42.3M	-335.6M	-354.9M	-320.8M	-625.7M	-119.9M	-427.5M	-1.08B	-1.04B	-406.1M
Purchase of Investments	-59.2M	-3.7M	-65M	0	0	0	0	0	0	0
Sale of Investments	1000K	1000K	1000K	200K	0	1000K	1000K	1000K	0	0
Other Investing	169.3M	36M	32.6M	86.5M	57.7M	42.2M	84.6M	3M	17.8M	-70.5M
Cash from Financing+	-845.7M	161.4M	26.4M	85.6M	601.1M	294M	676.4M	522.8M	467.7M	1.52B
Dividends Paid	-624.9M	-656.5M	-697.3M	-744.5M	-798M	-854.8M	-917.9M	-984.2M	-1.06B	-1.15B
Dividend Payout Ratio %	66.46%	54.49%	65.75%	65.58%	66.44%	65.68%	65.13%	73.84%	69.1%	73.65%
Debt Issuance (Net)	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	0	0	0	0	0	0	0	0	163.4M	761.9M
Share Repurchases	-108M	-71.3M	-72.4M	-140.1M	-99.2M	-33.1M	-69.2M	-16.6M	-3.2M	-1.3M
Other Financing	28M	24.3M	13.9M	44.6M	-54.4M	-60.7M	8.9M	-14.7M	-56.4M	28.6M
Net Change in Cash+	-12.3M	1.4M	87.5M	-63.8M	-9.7M	14.9M	94.7M	-17M	-123M	28.7M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	49.8M	37.5M	58.6M	146.1M	82.3M	72.6M	87.5M	182.2M	165.2M	42.2M
Cash at End	37.5M	38.9M	146.1M	82.3M	72.6M	87.5M	182.2M	165.2M	42.2M	70.9M
Free Cash Flow+	679.8M	120.1M	329.8M	84.7M	-42.8M	-220.1M	-254.2M	525.5M	430.7M	-1.02B
FCF Growth %	155.54%	-82.33%	174.6%	-74.32%	-150.53%	-414.25%	-15.49%	306.73%	-18.04%	-336.52%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	10.62%	13.02%	10.95%	11.3%	11.48%	11.95%	12.4%	11.25%	12.29%	5.82%
EBITDA Margin	32.72%	33.78%	30.13%	32.67%	37.04%	33.54%	31.75%	35.67%	40.78%	39.32%
Net Debt / EBITDA	4.15x	4.26x	5.06x	5.17x	5.32x	5.58x	5.69x	5.91x	5.79x	0.98x
Interest Coverage	4.18x	4.29x	3.30x	3.05x	3.46x	3.64x	3.74x	2.62x	2.64x	2.65x
CapEx / Revenue	19.05%	25.62%	27.55%	30.05%	30.92%	27.09%	24.12%	28.03%	32.34%	44.88%
Dividend Payout Ratio	66.46%	54.49%	65.75%	65.58%	66.44%	65.68%	65.13%	73.84%	69.1%	73.65%
Debt / Equity	1.13x	1.16x	1.20x	1.24x	1.34x	1.40x	1.50x	1.56x	1.59x	0.09x
EPS Growth	26.5%	28.04%	-11.61%	6.87%	5.87%	8.44%	8.27%	-5.17%	14.46%	0%

US Stock Screener

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WEC Energy Group, Inc. (WEC) 10-Year Financial Performance & Capital Metrics

WEC • • Utilities

UtilitiesElectric UtilitiesElectric and gas combination utilities

Revenue $9.8B +14.0%
EBITDA $3.85B +9.9%
Net Income $1.56B +2.0%
Free Cash Flow -$1.02B -336.5%
EBITDA Margin 39.32% -3.6%
Net Margin 15.9% -10.5%
ROE 5.82% -52.7%
Interest Coverage 2.65 +0.5%
Debt/Equity 0.09 -94.1%
Net Debt/EBITDA 0.98 -83.0%
CapEx / Revenue 44.88% +38.8%
CapEx Coverage 0.77 -33.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓23 years of consecutive dividend growth
✓23 consecutive years of dividend growth
✓Healthy dividend yield of 3.0%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5.16%

5Y6.24%

3Y0.7%

TTM13.96%

Profit (Net Income) CAGR

10Y9.3%

5Y5.35%

3Y3.41%

TTM1.96%

EPS CAGR

10Y7.52%

5Y4.97%

3Y2.77%

TTM0%

ROCE

10Y Avg5.4%

5Y Avg5.2%

3Y Avg5.23%

Latest5.37%

Peer Comparison

Electric and gas combination utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ESEversource Energy	28.59B	76.21	33.57	-0.08%	10.22%	8.3%		1.92
ETREntergy Corporation	48.45B	107.11	27.39	8.98%	13.68%	10.28%		1.80
LNTAlliant Energy Corporation	18.6B	72.34	26.89	-1.14%	19.13%	11.19%		1.49
XELXcel Energy Inc.	49.3B	83.36	24.23	-5.38%	13.46%	9.04%		1.55
WECWEC Energy Group, Inc.	38.07B	116.96	24.22	13.96%	15.9%	3.82%		0.09
FTSFortis Inc.	29.17B	57.50	23.14	5.75%	14.79%	6.48%		1.34
CMSCMS Energy Corporation	6.57B	78.07	22.12	13.63%	12.62%	11.1%	34.04%	1.99
AEEAmeren Corporation	31.31B	113.28	21.17	15.43%	16.55%	10.76%		1.47

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	7.47B	7.65B	7.68B	7.52B	7.24B	8.32B	9.6B	8.89B	8.6B	9.8B
Revenue Growth %	26.09%	2.36%	0.41%	-2.04%	-3.74%	14.83%	15.41%	-7.34%	-3.3%	13.96%
Cost of Revenue	4.82B	4.88B	5.17B	4.86B	4.35B	5.32B	6.3B	5.29B	4.81B	4.85B
Gross Profit+	2.65B	2.77B	2.51B	2.66B	2.89B	3B	3.3B	3.6B	3.79B	4.95B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	34.24%	4.37%	-9.33%	5.91%	8.67%	3.79%	10.04%	9.11%	5.13%	30.85%
Operating Expenses+	957.3M	993.5M	1.04B	1.13B	1.18B	1.28B	1.38B	1.69B	1.63B	2.58B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	2.44B	2.58B	2.31B	2.46B	2.68B	2.79B	3.05B	3.17B	3.51B	3.85B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	33.3%	5.69%	-10.43%	6.2%	9.13%	4%	9.24%	4.12%	10.56%	9.87%
Depreciation & Amortization+	762.6M	798.6M	845.8M	926.3M	975.9M	1.07B	1.12B	1.26B	1.35B	1.48B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	1.68B	1.79B	1.47B	1.53B	1.71B	1.71B	1.92B	1.91B	2.15B	2.37B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	34.51%	6.13%	-17.75%	4.29%	11.41%	0.52%	12.2%	-0.84%	12.83%	10.32%
Interest Expense+	402.7M	415.7M	445.1M	501.5M	493.7M	471.1M	515.1M	727.4M	815.3M	895.1M
Interest Coverage	4.18x	4.29x	3.30x	3.05x	3.46x	3.64x	3.74x	2.62x	2.64x	2.65x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	1.51B	1.59B	1.23B	1.26B	1.43B	1.5B	1.73B	1.54B	1.75B	1.67B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	566.5M	383.5M	169.8M	125M	227.9M	200.3M	322.9M	204.6M	222M	118M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	940.2M	1.2B	1.06B	1.14B	1.2B	1.3B	1.41B	1.33B	1.53B	1.56B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	46.84%	28.15%	-11.98%	7.04%	5.81%	8.36%	8.28%	-5.42%	14.67%	1.96%
EPS (Diluted)+	2.96	3.79	3.35	3.58	3.79	4.11	4.45	4.22	4.83	4.83
EPS Growth %	26.5%	28.04%	-11.61%	6.87%	5.87%	8.44%	8.27%	-5.17%	14.46%	0%
EPS (Basic)	2.98	3.81	3.36	3.60	3.80	4.12	4.46	4.22	4.81	4.86
Diluted Shares Outstanding	316.9M	317.2M	316.9M	316.7M	316.5M	316.3M	316.1M	315.9M	316.5M	327.9M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	30.12B	31.59B	33.48B	34.95B	37.03B	38.99B	41.87B	43.94B	47.36B	51.52B
Asset Growth %	2.62%	4.87%	5.97%	4.41%	5.94%	5.29%	7.4%	4.94%	7.79%	8.77%
PP&E (Net)+	19.92B	21.35B	22B	23.62B	25.71B	26.98B	29.11B	31.58B	34.65B	38.28B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.17B	2.21B	2.25B	2.09B	2.08B	2.66B	3.19B	2.8B	2.91B	2.89B
Cash & Equivalents	37.5M	38.9M	84.5M	37.5M	24.8M	16.3M	28.9M	42.9M	9.8M	27.6M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	587.6M	539M	548.2M	549.8M	528.6M	635.8M	807.1M	775.2M	813.2M	803.4M
Other Current Assets	97.5M	74.9M	77.2M	68M	63.4M	253.4M	261.7M	223.7M	121.9M	-271.2M
Long-Term Investments	1.44B	1.55B	1.67B	1.72B	1.76B	1.79B	1.91B	2.01B	2.11B	2.28B
Goodwill	3.05B	3.05B	3.05B	3.05B	3.05B	3.05B	3.05B	3.05B	3.05B	3.05B
Intangible Assets	0	0	0	0	0	0	0	34.5M	34.5M	580.3M
Other Assets	3.55B	3.42B	4.51B	4.46B	4.42B	4.51B	4.61B	4.47B	4.61B	-2.28B
Total Liabilities	21.16B	22.1B	23.63B	24.7B	26.37B	27.88B	30.26B	31.87B	34.56B	36.89B
Total Debt+	10.18B	11.03B	11.8B	12.73B	14.29B	15.59B	17.37B	18.8B	20.33B	3.82B
Net Debt	10.14B	10.99B	11.71B	12.7B	14.27B	15.57B	17.34B	18.75B	20.32B	3.79B
Long-Term Debt	9.16B	8.75B	9.99B	11.17B	11.67B	13.47B	14.58B	15.37B	17.18B	18.5B
Short-Term Borrowings	1.02B	2.29B	1.81B	1.52B	2.55B	1.99B	2.53B	3.29B	2.85B	3.44B
Capital Lease Obligations	0	0	0	45.9M	63.4M	129.7M	255.9M	145.9M	303.3M	372M
Total Current Liabilities+	2.43B	3.87B	3.33B	3.18B	4.15B	3.75B	4.61B	5.11B	4.84B	5.59B
Accounts Payable	861.5M	859.9M	876.4M	908.1M	880.7M	1.01B	1.2B	896.6M	1.14B	1.14B
Accrued Expenses	163.8M	169.1M	185.4M	199.8M	174M	0	0	0	0	0
Deferred Revenue	566.2M	543.3M	520.4M	497.1M	412.2M	389.2M	370.7M	356.4M	334.6M	314.2M
Other Current Liabilities	388.9M	553.6M	464.8M	550.8M	530.7M	680.9M	811.9M	933.1M	859.2M	1.01B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	3.86B	5.94B	6.4B	6.04B	6.02B	5.9B	5.88B	5.97B	6.39B	6.22B
Total Equity+	8.99B	9.52B	9.84B	10.25B	10.66B	11.11B	11.62B	12.07B	12.8B	40.77B
Equity Growth %	3.16%	5.91%	3.37%	4.18%	3.98%	4.23%	4.53%	3.92%	6.05%	218.43%
Shareholders Equity	8.96B	9.49B	9.82B	10.14B	10.5B	10.94B	11.41B	11.75B	12.43B	13.64B
Minority Interest	30.4M	30.4M	23.4M	110.8M	162.4M	169.7M	209.3M	316.9M	376.5M	408.8M
Common Stock	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.3M
Additional Paid-in Capital	4.31B	4.28B	4.25B	4.19B	4.14B	4.14B	4.12B	4.12B	4.32B	5.12B
Retained Earnings	4.61B	5.18B	5.54B	5.93B	6.33B	6.78B	7.27B	7.61B	8.08B	8.49B
Accumulated OCI	2.9M	2.9M	-2.6M	-4.1M	-6.8M	-3.2M	-6.8M	-7.7M	-7.8M	-7.6M
Return on Assets (ROA)	3.16%	3.9%	3.26%	3.32%	3.34%	3.42%	3.49%	3.11%	3.35%	3.15%
Return on Equity (ROE)	10.62%	13.02%	10.95%	11.3%	11.48%	11.95%	12.4%	11.25%	12.29%	5.82%
Debt / Equity	1.13x	1.16x	1.20x	1.24x	1.34x	1.40x	1.50x	1.56x	1.59x	0.09x
Debt / Assets	33.78%	34.93%	35.25%	36.44%	38.59%	39.99%	41.48%	42.78%	42.92%	7.41%
Net Debt / EBITDA	4.15x	4.26x	5.06x	5.17x	5.32x	5.58x	5.69x	5.91x	5.79x	0.98x
Book Value per Share	28.37	30.02	31.06	32.38	33.69	35.14	36.75	38.21	40.45	124.32

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	2.1B	2.08B	2.45B	2.35B	2.2B	2.03B	2.06B	3.02B	3.21B	3.38B
Operating CF Growth %	62.61%	-1.14%	17.59%	-4.09%	-6.37%	-7.44%	1.38%	46.47%	6.41%	5.22%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	940.2M	1.2B	1.06B	1.13B	1.2B	1.3B	1.41B	1.33B	1.52B	1.56B
Depreciation & Amortization	762.6M	798.6M	845.8M	926.3M	975.9M	1.07B	1.12B	1.26B	1.35B	1.48B
Deferred Taxes	493.8M	271.7M	297.3M	162.9M	209.4M	151.1M	280.1M	219.4M	529M	0
Other Non-Cash Items	-128.9M	-322.7M	194.2M	-48.2M	-138.9M	-184.4M	-410.9M	-31.3M	-116.7M	455.6M
Working Capital Changes	36.1M	126.1M	47.7M	169.8M	-51.8M	-306.8M	-340.8M	234.4M	-79.3M	-110.2M
Capital Expenditures+	-1.42B	-1.96B	-2.12B	-2.26B	-2.24B	-2.25B	-2.31B	-2.49B	-2.78B	-4.4B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-1.27B	-2.24B	-2.38B	-2.49B	-2.81B	-2.31B	-2.64B	-3.56B	-3.8B	-4.87B
Acquisitions	-42.3M	-335.6M	-354.9M	-320.8M	-625.7M	-119.9M	-427.5M	-1.08B	-1.04B	-406.1M
Purchase of Investments	-59.2M	-3.7M	-65M	0	0	0	0	0	0	0
Sale of Investments	1000K	1000K	1000K	200K	0	1000K	1000K	1000K	0	0
Other Investing	169.3M	36M	32.6M	86.5M	57.7M	42.2M	84.6M	3M	17.8M	-70.5M
Cash from Financing+	-845.7M	161.4M	26.4M	85.6M	601.1M	294M	676.4M	522.8M	467.7M	1.52B
Dividends Paid	-624.9M	-656.5M	-697.3M	-744.5M	-798M	-854.8M	-917.9M	-984.2M	-1.06B	-1.15B
Dividend Payout Ratio %	66.46%	54.49%	65.75%	65.58%	66.44%	65.68%	65.13%	73.84%	69.1%	73.65%
Debt Issuance (Net)	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	0	0	0	0	0	0	0	0	163.4M	761.9M
Share Repurchases	-108M	-71.3M	-72.4M	-140.1M	-99.2M	-33.1M	-69.2M	-16.6M	-3.2M	-1.3M
Other Financing	28M	24.3M	13.9M	44.6M	-54.4M	-60.7M	8.9M	-14.7M	-56.4M	28.6M
Net Change in Cash+	-12.3M	1.4M	87.5M	-63.8M	-9.7M	14.9M	94.7M	-17M	-123M	28.7M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	49.8M	37.5M	58.6M	146.1M	82.3M	72.6M	87.5M	182.2M	165.2M	42.2M
Cash at End	37.5M	38.9M	146.1M	82.3M	72.6M	87.5M	182.2M	165.2M	42.2M	70.9M
Free Cash Flow+	679.8M	120.1M	329.8M	84.7M	-42.8M	-220.1M	-254.2M	525.5M	430.7M	-1.02B
FCF Growth %	155.54%	-82.33%	174.6%	-74.32%	-150.53%	-414.25%	-15.49%	306.73%	-18.04%	-336.52%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	10.62%	13.02%	10.95%	11.3%	11.48%	11.95%	12.4%	11.25%	12.29%	5.82%
EBITDA Margin	32.72%	33.78%	30.13%	32.67%	37.04%	33.54%	31.75%	35.67%	40.78%	39.32%
Net Debt / EBITDA	4.15x	4.26x	5.06x	5.17x	5.32x	5.58x	5.69x	5.91x	5.79x	0.98x
Interest Coverage	4.18x	4.29x	3.30x	3.05x	3.46x	3.64x	3.74x	2.62x	2.64x	2.65x
CapEx / Revenue	19.05%	25.62%	27.55%	30.05%	30.92%	27.09%	24.12%	28.03%	32.34%	44.88%
Dividend Payout Ratio	66.46%	54.49%	65.75%	65.58%	66.44%	65.68%	65.13%	73.84%	69.1%	73.65%
Debt / Equity	1.13x	1.16x	1.20x	1.24x	1.34x	1.40x	1.50x	1.56x	1.59x	0.09x
EPS Growth	26.5%	28.04%	-11.61%	6.87%	5.87%	8.44%	8.27%	-5.17%	14.46%	0%

WEC Energy Group, Inc. (WEC) 10-Year Financial Performance & Capital Metrics

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✓Strengths

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Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

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Revenue History

Financial Ratios

WEC Energy Group, Inc. (WEC) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare WEC vs Peers

vs DUK

vs XEL

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios