WEC vs XEL
WEC Energy Group, Inc. and Xcel Energy Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | WEC | XEL |
|---|---|---|
| Revenue | $9.8B | $14.7B |
| Net income | $1.6B | $2.0B |
| Gross margin | 66.7% | · |
| Net margin | 15.9% | 13.8% |
| Return on equity | 11.6% | 9.4% |
| Diluted EPS | $4.81 | $3.42 |
| Dividend / share | $3.57 | $2.28 |
| Payout ratio | 73.8% | 63.5% |
| Free cash flow | · | $-6.8B |
| Equity | · | $23.6B |
| Net debt / equity | 1.42× | 1.40× |
| Current ratio | 0.59× | 0.71× |
| Revenue CAGR 5y | 6.2% | 4.9% |
| Profit CAGR 5y | 5.3% | 6.5% |
XEL bills 1.5× the revenue of WEC, and WEC keeps more of each dollar of revenue as profit (15.9% against 13.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | WEC | XEL |
|---|---|---|
| FY2025 | $9.8B | $14.7B |
| FY2024 | $8.6B | $13.4B |
| FY2023 | $8.9B | $14.2B |
| FY2022 | $9.6B | $15.3B |
| FY2021 | $8.3B | $13.4B |
| FY2020 | $7.2B | $11.5B |
| FY2019 | $7.5B | $11.5B |
| FY2018 | $7.7B | $11.5B |
| FY2017 | $7.6B | $11.4B |
| FY2016 | $7.5B | $11.1B |
Bottom line
| Fiscal year | WEC | XEL |
|---|---|---|
| FY2025 | $1.6B | $2.0B |
| FY2024 | $1.5B | $1.9B |
| FY2023 | $1.3B | $1.8B |
| FY2022 | $1.4B | $1.7B |
| FY2021 | $1.3B | $1.6B |
| FY2020 | $1.2B | $1.5B |
| FY2019 | $1.1B | $1.4B |
| FY2018 | $1.1B | $1.3B |
| FY2017 | $1.2B | $1.1B |
| FY2016 | $939.0M | $1.1B |
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$4,868,900,000 | XEL |
| FY2024 | −$4,841,100,000 | XEL |
| FY2023 | −$5,313,000,000 | XEL |
| FY2022 | −$5,712,600,000 | XEL |
| FY2021 | −$5,115,000,000 | XEL |
| FY2020 | −$4,284,300,000 | XEL |
| FY2019 | −$4,005,900,000 | XEL |
| FY2018 | −$3,857,500,000 | XEL |
| FY2017 | −$3,755,500,000 | XEL |
| FY2016 | −$3,634,700,000 | XEL |
| FY2015 | −$5,097,900,000 | XEL |
| FY2014 | −$6,689,035,000 | XEL |
| FY2013 | −$6,395,922,000 | XEL |
| FY2012 | −$5,881,823,000 | XEL |
| FY2011 | −$6,168,370,000 | XEL |
XEL has reported the higher revenue in every one of these 15 fiscal years. The gap has narrowed since the earliest year compared.
15 of 19 comparable fiscal years — a year missing data on either side is not counted.
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +2.1 pp | WEC |
| FY2024 | +3.3 pp | WEC |
| FY2023 | +2.5 pp | WEC |
| FY2022 | +3.3 pp | WEC |
| FY2021 | +3.7 pp | WEC |
| FY2020 | +3.8 pp | WEC |
| FY2019 | +3.2 pp | WEC |
| FY2018 | +2.9 pp | WEC |
| FY2017 | +5.7 pp | WEC |
| FY2015 | +1.9 pp | WEC |
| FY2014 | +3.0 pp | WEC |
| FY2013 | +4.1 pp | WEC |
| FY2012 | +3.9 pp | WEC |
| FY2011 | +3.8 pp | WEC |
WEC has kept the higher net margin in every one of these 14 fiscal years.
14 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
XEL's net margin has been more volatile than WEC's over the 14 comparable fiscal years — 2.0 percentage points of standard deviation against 2.0.
14 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
WEC led in net margin in every one of the 14 comparable fiscal years — a structural lead, not a recent swing.
14 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WEC's return on equity has been more volatile than XEL's over the 18 comparable fiscal years — 1.1 percentage points of standard deviation against 0.5.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
WEC led in return on equity in every one of the 18 comparable fiscal years — a structural lead, not a recent swing.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.