WEC Energy Group, Inc. (WEC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
WEC's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
WEC Revenue Analysis (2014–2025)
As of March 1, 2026, WEC Energy Group, Inc. (WEC) generated trailing twelve-month (TTM) revenue of $9.80 billion, reflecting strong growth of +11.1% year-over-year. The most recent quarter (Q4 2025) recorded $2.54 billion in revenue, up 20.6% 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 (70%), Illinois (18%), and Non-Utility Energy Infrastructure (8%). 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 DUK (+5.2% YoY), XEL (+3.4% YoY), and ETR (+9.0% YoY), WEC has underperformed the peer group in terms of revenue growth. Compare WEC vs DUK →
Peer Comparison
Compare WEC's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WECCurrent | $9.8B | +11.1% | +6.2% | 24.2% | |
| DUK | $32.2B | +5.2% | +6.6% | 26.6% | |
| XEL | $13.4B | +3.4% | +3.1% | 17.8% | |
| ETR | $12.9B | +9.0% | +5.1% | 23.6% | |
| PEG | $12.2B | +18.3% | +4.8% | 24.5% | |
| AEE | $8.8B | +15.4% | +8.7% | 23.0% |
Historical Revenue Data
| 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% |
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Start ComparisonFrequently Asked Questions
Is WEC's revenue growth accelerating or slowing?
WEC maintains +11.1% revenue growth, in line with its 5-year CAGR of +6.2%. TTM revenue stands at $9.8B. 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 +11.1% 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.