WEC Energy Group, Inc. (WEC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
WEC Revenue Growth
Revenue Breakdown (FY 2025)
WEC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
WEC Revenue Analysis (2014–2025)
As of May 7, 2026, WEC Energy Group, Inc. (WEC) generated trailing twelve-month (TTM) revenue of $10.08 billion, reflecting solid growth of +9.0% year-over-year. The most recent quarter (Q1 2026) recorded $3.43 billion in revenue, up 35.4% sequentially.
Looking at the longer-term picture, WEC's 5-year compound annual growth rate (CAGR) stands at +6.2%, indicating steady revenue expansion. The company achieved its highest annual revenue of $9.80 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows WEC's business is primarily driven by Wisconsin (71%), Illinois (16%), and Non-Utility Energy Infrastructure (7%). With over half of revenue concentrated in Wisconsin, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including DTE (+19.6% YoY), CMS (+13.3% YoY), and EVRG (+0.1% YoY), WEC has underperformed the peer group in terms of revenue growth. Compare WEC vs DTE →
WEC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WECCurrent | $10.1B | +9.0% | +6.2% | 24.2% | |
 DTE | $15.8B | +19.6% | +6.7% | 15.0% | |
 CMS | $8.5B | +13.3% | +5.9% | 20.2% | |
 EVRG | $6.0B | +0.1% | +3.9% | 25.7% | |
 NI | $6.6B | +15.0% | +7.2% | 27.6% | |
 AEE | $8.8B | +12.3% | +8.7% | 23.0% |
WEC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $9.80B | +14.0% | $4.95B | 50.5% | $2.37B | 24.2% |
| 2024 | $8.60B | -3.3% | $3.79B | 44.0% | $2.15B | 25.0% |
| 2023 | $8.89B | -7.3% | $3.60B | 40.5% | $1.91B | 21.5% |
| 2022 | $9.60B | +15.4% | $3.30B | 34.4% | $1.92B | 20.0% |
| 2021 | $8.32B | +14.8% | $3.00B | 36.1% | $1.71B | 20.6% |
| 2020 | $7.24B | -3.7% | $2.89B | 39.9% | $1.71B | 23.6% |
| 2019 | $7.52B | -2.0% | $2.66B | 35.4% | $1.53B | 20.4% |
| 2018 | $7.68B | +0.4% | $2.51B | 32.7% | $1.47B | 19.1% |
| 2017 | $7.65B | +2.4% | $2.77B | 36.2% | $1.79B | 23.3% |
| 2016 | $7.47B | +26.1% | $2.65B | 35.5% | $1.68B | 22.5% |
Full WEC Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See WEC's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs WEC Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare WEC vs GEV
Side-by-side business, growth, and profitability comparison vs GE Vernova Inc..
Start ComparisonWEC — Frequently Asked Questions
Quick answers to the most common questions about buying WEC stock.
Is WEC's revenue growth accelerating or slowing?
WEC maintains +9.0% revenue growth, in line with its 5-year CAGR of +6.2%. TTM revenue stands at $10.1B. Growth rate remains consistent with historical average.
What is WEC's long-term revenue growth rate?
WEC Energy Group, Inc.'s 5-year revenue CAGR of +6.2% reflects the sustained expansion pattern. Current YoY growth of +9.0% is near this long-term average.
How is WEC's revenue distributed by segment?
WEC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.