WEC Energy Group Financial Statements
NYSE: WECUtilitiesUtilities - Regulated ElectricUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
WEC Energy Group revenue and earnings
In fiscal 2025, WEC Energy Group generated $9.80 billion in revenue, up 14.0% from fiscal 2024. Net income was $1.56 billion (+2.0% year over year), for a net margin of 15.9% versus a median of 15.6% in the prior 5 years. Gross margin was 66.7% (down from 69.1%) and operating margin 22.9%.
Diluted earnings per share came in at $4.81, down from $4.83. Over the last 5 fiscal years, WEC's revenue has grown at a 6.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
WEC Energy Group income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.80B | 8.60B | 8.89B | 9.60B | 8.32B | 7.24B | 7.52B | 7.68B | 7.65B | 7.47B |
| Revenue growth (YoY) | +13.96% | -3.30% | -7.34% | +15.41% | +14.83% | -3.74% | -2.04% | +0.41% | +2.36% | +26.09% |
| Cost of Revenue | 3.27B | 2.66B | 3.19B | 4.36B | 3.31B | 2.32B | 2.68B | 2.90B | 2.82B | 2.65B |
| Gross Profit | 6.53B | 5.94B | 5.70B | 5.24B | 5.00B | 4.92B | 4.84B | 4.78B | 4.83B | 4.82B |
| Operating Expenses | 4.29B | 3.79B | 3.79B | 3.31B | 3.29B | 3.22B | 3.31B | 3.31B | 3.05B | 3.13B |
| Operating Income | 2.24B | 2.15B | 1.91B | 1.92B | 1.71B | 1.71B | 1.53B | 1.47B | 1.78B | 1.70B |
| Interest Expense | 895.10M | 815.30M | 726.90M | 515.10M | 471.10M | 493.70M | 501.50M | 445.10M | 415.70M | 402.70M |
| Other Income (Expense) | -571.40M | -406.50M | -371.70M | -191.60M | -216.10M | -276.80M | -271.70M | -238.10M | -187.70M | -189.60M |
| Pretax Income | 1.67B | 1.75B | 1.54B | 1.73B | 1.50B | 1.43B | 1.26B | 1.23B | 1.59B | 1.51B |
| Income Tax | 118.00M | 222.00M | 204.60M | 322.90M | 200.30M | 227.90M | 125.00M | 169.80M | 383.50M | 566.50M |
| Net Income | 1.56B | 1.52B | 1.33B | 1.41B | 1.30B | 1.20B | 1.13B | 1.06B | 1.20B | 939.00M |
| Net Income growth (YoY) | +2.05% | +14.46% | -5.53% | +8.56% | +8.08% | +5.88% | +7.00% | -11.98% | +28.32% | +46.65% |
| EPS (Basic) | 4.84 | 4.83 | 4.22 | 4.46 | 4.12 | 3.80 | 3.60 | 3.36 | 3.81 | 2.98 |
| EPS (Diluted) | 4.81 | 4.83 | 4.22 | 4.45 | 4.11 | 3.79 | 3.58 | 3.34 | 3.79 | 2.96 |
| Shares Outstanding (Basic) | 321.90M | 316.20M | 315.40M | 315.40M | 315.40M | 315.40M | 315.40M | 315.50M | 315.60M | 315.60M |
| Shares Outstanding (Diluted) | 323.80M | 316.50M | 315.90M | 316.10M | 316.30M | 316.50M | 316.70M | 316.90M | 317.20M | 316.90M |
| EBITDA | 3.72B | 3.51B | 3.17B | 3.05B | 2.79B | 2.68B | 2.46B | 2.31B | 2.57B | 2.46B |
| Gross Margin | 66.68% | 69.12% | 64.12% | 54.58% | 60.19% | 67.97% | 64.39% | 62.26% | 63.09% | 64.57% |
| Operating Margin | 22.91% | 25.03% | 21.46% | 20.05% | 20.62% | 23.56% | 20.36% | 19.12% | 23.22% | 22.70% |
| Net Margin | 15.87% | 17.72% | 14.97% | 14.69% | 15.61% | 16.59% | 15.08% | 13.81% | 15.75% | 12.57% |
This table shows 10 annual periods of WEC Energy Group's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow WEC's reporting calendar. What is a income statement?