WEC Energy Group, Inc. (WEC) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↓
15.27
+1% vs avg
5yr avg: 15.07
30Y Low6.1·High19.2
P/FCF
↑
N/A
—
5yr avg: 59.85
30Y Low17.5·High175.5
P/B Ratio
↓
2.62
+6% vs avg
5yr avg: 2.46
30Y Low1.0·High2.8
ROE
↓
11.6%
-2% vs avg
5yr avg: 11.9%
30Y Low3%·High14%
Debt/EBITDA
↑
5.79
+1% vs avg
5yr avg: 5.76
30Y Low2.4·High9.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WEC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
WEC Energy Group, Inc. trades at 23.2x earnings, 10% above its 5-year average of 21.2x, sitting at the 87th percentile of its historical range. Compared to the Utilities sector median P/E of 19.0x, the stock trades at a premium of 22%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $36.5B | $34.6B | $29.8B | $26.6B | $29.6B | $30.7B | $29.1B | $29.2B | $21.9B | $21.1B | $18.6B |
| Enterprise Value | $58.8B | $56.9B | $50.1B | $45.3B | $47.0B | $46.3B | $43.4B | $41.9B | $33.7B | $32.1B | $28.7B |
| P/E Ratio → | 23.22 | 21.83 | 19.47 | 19.95 | 21.07 | 23.62 | 24.28 | 25.76 | 20.67 | 17.53 | 19.81 |
| P/S Ratio | 3.73 | 3.53 | 3.46 | 2.99 | 3.09 | 3.69 | 4.02 | 3.88 | 2.86 | 2.75 | 2.49 |
| P/B Ratio | 2.62 | 2.46 | 2.32 | 2.20 | 2.55 | 2.76 | 2.73 | 2.85 | 2.23 | 2.21 | 2.07 |
| P/FCF | — | — | 69.11 | 50.60 | — | — | — | 344.86 | 66.55 | 175.45 | 27.34 |
| P/OCF | 10.81 | 10.23 | 9.27 | 8.81 | 14.38 | 15.10 | 13.26 | 12.45 | 8.98 | 10.13 | 8.84 |
P/E links to full P/E history page with 30-year chart
WEC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
WEC Energy Group, Inc.'s enterprise value stands at 15.3x EBITDA, roughly in line with its 5-year average of 15.1x. The Utilities sector median is 11.9x, placing the stock at a 28% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.80 | 5.82 | 5.10 | 4.89 | 5.56 | 5.99 | 5.57 | 4.38 | 4.19 | 3.84 |
| EV / EBITDA | 15.27 | 14.76 | 14.28 | 14.29 | 15.42 | 16.59 | 16.18 | 17.05 | 14.55 | 12.41 | 11.75 |
| EV / EBIT | 24.77 | 22.14 | 19.55 | 20.04 | 20.90 | 23.49 | 22.57 | 23.79 | 20.09 | 16.00 | 15.04 |
| EV / FCF | — | — | 116.28 | 86.29 | — | — | — | 494.77 | 102.07 | 266.99 | 42.25 |
WEC Profitability
Margins and return-on-capital ratios measuring operating efficiency
WEC Energy Group, Inc. earns an operating margin of 24.2%, above the Utilities sector average of 18.5%. Operating margins have expanded from 21.5% to 24.2% over the past 3 years, signaling improving operational efficiency. ROE of 11.6% is modest. ROIC of 5.1% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.5% | 50.5% | 44.0% | 40.5% | 34.4% | 36.1% | 39.9% | 35.4% | 32.7% | 36.2% | 35.5% |
| Operating Margin | 24.2% | 24.2% | 25.0% | 21.5% | 20.0% | 20.6% | 23.6% | 20.4% | 19.1% | 23.3% | 22.5% |
| Net Profit Margin | 15.9% | 15.9% | 17.8% | 15.0% | 14.7% | 15.7% | 16.6% | 15.1% | 13.8% | 15.8% | 12.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.6% | 11.6% | 12.3% | 11.3% | 12.4% | 12.0% | 11.5% | 11.3% | 11.0% | 13.0% | 10.6% |
| ROA | 3.2% | 3.2% | 3.3% | 3.1% | 3.5% | 3.4% | 3.3% | 3.3% | 3.3% | 3.9% | 3.2% |
| ROIC | 5.1% | 5.1% | 5.0% | 4.8% | 5.2% | 5.0% | 5.3% | 5.2% | 5.2% | 6.8% | 6.6% |
| ROCE | 5.4% | 5.4% | 5.3% | 5.0% | 5.3% | 5.0% | 5.3% | 4.9% | 5.1% | 6.4% | 6.2% |
WEC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
WEC Energy Group, Inc. carries a Debt/EBITDA ratio of 5.8x, which is highly leveraged (12% above the sector average of 5.2x). Net debt stands at $22.3B ($22.3B total debt minus $28M cash). Interest coverage of just 2.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.59 | 1.59 | 1.59 | 1.56 | 1.50 | 1.40 | 1.34 | 1.24 | 1.20 | 1.16 | 1.13 |
| Debt / EBITDA | 5.79 | 5.79 | 5.80 | 5.93 | 5.70 | 5.59 | 5.33 | 5.18 | 5.10 | 4.27 | 4.16 |
| Net Debt / Equity | — | 1.59 | 1.59 | 1.55 | 1.49 | 1.40 | 1.34 | 1.24 | 1.19 | 1.15 | 1.13 |
| Net Debt / EBITDA | 5.78 | 5.78 | 5.79 | 5.91 | 5.69 | 5.58 | 5.32 | 5.17 | 5.06 | 4.26 | 4.15 |
| Debt / FCF | — | — | 47.17 | 35.69 | — | — | — | 149.91 | 35.52 | 91.54 | 14.91 |
| Interest Coverage | 2.87 | 2.87 | 3.14 | 3.11 | 4.36 | 4.18 | 3.90 | 3.51 | 3.76 | 4.82 | 4.74 |
WEC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.47x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.55x to 0.47x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.47 | 0.47 | 0.60 | 0.55 | 0.69 | 0.71 | 0.50 | 0.66 | 0.67 | 0.57 | 0.89 |
| Quick Ratio | 0.34 | 0.34 | 0.43 | 0.40 | 0.52 | 0.54 | 0.37 | 0.49 | 0.51 | 0.43 | 0.65 |
| Cash Ratio | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.03 | 0.01 | 0.02 |
| Asset Turnover | — | 0.19 | 0.18 | 0.20 | 0.23 | 0.21 | 0.20 | 0.22 | 0.23 | 0.24 | 0.25 |
| Inventory Turnover | 6.03 | 6.03 | 5.92 | 6.83 | 7.80 | 8.36 | 8.23 | 8.85 | 9.43 | 9.05 | 8.20 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
WEC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
WEC Energy Group, Inc. returns 3.1% to shareholders annually — split between a 3.1% dividend yield and 0.0% buyback yield. The payout ratio of 73.7% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 4.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.1% | 3.3% | 3.5% | 3.7% | 3.1% | 2.8% | 2.7% | 2.5% | 3.2% | 3.1% | 3.4% |
| Payout Ratio | 73.7% | 73.7% | 69.1% | 73.8% | 65.1% | 65.7% | 66.4% | 65.6% | 65.8% | 54.5% | 66.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.3% | 4.6% | 5.1% | 5.0% | 4.7% | 4.2% | 4.1% | 3.9% | 4.8% | 5.7% | 5.0% |
| FCF Yield | — | — | 1.4% | 2.0% | — | — | — | 0.3% | 1.5% | 0.6% | 3.7% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.2% | 0.1% | 0.3% | 0.5% | 0.3% | 0.3% | 0.6% |
| Total Shareholder Yield | 3.1% | 3.3% | 3.6% | 3.8% | 3.3% | 2.9% | 3.1% | 3.0% | 3.5% | 3.5% | 3.9% |
| Shares Outstanding | — | $328M | $317M | $316M | $316M | $316M | $317M | $317M | $317M | $317M | $317M |
Peer Comparison
Compare WEC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 WECYou | $37B | 23.2 | 15.3 | — | 50.5% | 24.2% | 11.6% | 5.1% | 5.8 |
 DTE | $31B | 20.9 | 13.3 | — | 84.9% | 15.0% | 12.2% | 4.8% | 6.2 |
 CMS | $23B | 20.8 | 14.2 | — | 60.9% | 20.2% | 11.6% | 4.9% | 6.6 |
 EVRG | $19B | 22.5 | 12.7 | — | 32.3% | 25.2% | 8.4% | 4.5% | 5.7 |
 NI | $23B | 24.2 | 12.9 | — | 58.6% | 27.6% | 8.3% | 5.3% | 5.4 |
 AEE | $30B | 20.3 | 13.5 | — | 29.6% | 23.0% | 11.3% | 4.7% | 5.4 |
 OGE | $10B | 20.4 | 11.3 | 118.0 | 44.2% | 24.5% | 9.8% | 5.8% | 4.2 |
 MGEE | $3B | 20.4 | 13.1 | — | 97.3% | 22.9% | 10.7% | 6.1% | 3.3 |
 SO | $105B | 23.7 | 12.7 | — | 29.8% | 24.6% | 11.5% | 5.3% | 4.9 |
 DUK | $97B | 19.6 | 12.6 | — | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
 AEP | $69B | 19.2 | 13.6 | — | 31.8% | 24.3% | 12.1% | 5.1% | 5.7 |
| Utilities Median | — | 19.0 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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WEC — Frequently Asked Questions
Quick answers to the most common questions about buying WEC stock.
What is WEC Energy Group, Inc.'s P/E ratio?
WEC Energy Group, Inc.'s current P/E ratio is 23.2x. The historical average is 19.2x. This places it at the 87th percentile of its historical range.
What is WEC Energy Group, Inc.'s EV/EBITDA?
WEC Energy Group, Inc.'s current EV/EBITDA is 15.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
What is WEC Energy Group, Inc.'s ROE?
WEC Energy Group, Inc.'s return on equity (ROE) is 11.6%. The historical average is 11.1%.
Is WEC stock overvalued?
Based on historical data, WEC Energy Group, Inc. is trading at a P/E of 23.2x. This is at the 87th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is WEC Energy Group, Inc.'s dividend yield?
WEC Energy Group, Inc.'s current dividend yield is 3.12% with a payout ratio of 73.7%.
What are WEC Energy Group, Inc.'s profit margins?
WEC Energy Group, Inc. has 50.5% gross margin and 24.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does WEC Energy Group, Inc. have?
WEC Energy Group, Inc.'s Debt/EBITDA ratio is 5.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.