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MARKETS / NYSE / Utilities / Electric and gas utilities / WEC
NYSE · ELECTRIC & OTHER SERVICES COMBINED · LARGE CAP

WEC Energy Group, Inc. WEC

19 fiscal years on record · USD · FY2025 reported · SEC filings only
12 YEARS OF DIVIDEND GROWTH
$9.8B
▲ 14.0% YoY
$1.6B
▲ 2.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

WEC Energy Group's wholly owned subsidiaries provide or invest in regulated natural gas and electricity, and renewable energy, as well as nonregulated renewable energy. As of December 31, 2025, the company had a total of 7,151 employees, of whom 4,190 were represented under union agreements. At December 31, 2025, it had six reportable segments. The Wisconsin segment includes the electric and natural gas utility operations of WE, WPS, WG, and UMERC. The company holds an approximately 60% equity interest in ATC, an electric transmission company operating in Illinois, Michigan, Minnesota, and Wisconsin. WEC Energy Group was incorporated in the state of Wisconsin in 1981 and became a diversified holding company in 1986.

Written from the business description in WEC ENERGY GROUP, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 20 February 2026. Every sentence was checked against that document before publication.

Growth

USD 9.8B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 9.8 · Net income 1.6
4B8B
2007201020132016201920222025
Compound annual growth
+0.7%
+6.2%
+5.2%
+3.3%
+5.3%
+2.6%
+4.9%
+7.5%
+7.1%
+7.1%
+7.5%
+5.2%
+6.1%
+8.7%
+10.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.2% a year over the five years to FY2025 — but profit grew slower: net income at +5.3%, earnings per share at +4.9%.

The share count rose from 0.32B to 0.33B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

16 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 22.9% · Net 15.9%
10%20%
200720162025
ROE
FY2025 · ROE 11.6%
5%10%
200720162025
Three returns, three denominators.
Gross margin66.7%
Operating margin22.9%
Net margin15.9%
EBITDAUSD 3.7B

Each USD of equity produced 12 cents of profit this year.

Cash & shareholders

USD 1.1B
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2022 · FCF -636.2
250.0M500.0M-250.0M-500.0M
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends 1.1 · Net buybacks -0.8
0.5B1.0B-0.3B-0.6BDividendsNet buybacks
2007201020132016201920222025
Dividends paidUSD 1.1B
Net buybacksUSD -760.6M
Share of profit73.8%
Consecutive raises12 years

USD 1.1B in dividends — 74% of the year's profit went back to shareholders.

Total assetsUSD 51.5B
CashUSD 27.6M
Gross debtUSD 20.0B
Net debtUSD 20.0B
Current ratio0.59×

Net debt stands at 142% of equity.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
WEC, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B9.88.68.99.68.37.27.57.77.67.55.95.04.54.24.5◌◌◌◌
Operating income $B2.22.21.91.91.71.71.51.51.81.71.31.11.11.00.90.80.70.70.6
EBITDA $B3.73.53.23.02.82.72.52.32.62.51.81.51.41.41.21.11.01.0◌
Income tax $B0.10.20.20.30.20.20.10.20.40.60.40.40.30.30.30.20.20.20.2
Net income $B1.61.51.31.41.31.21.11.11.20.90.60.60.60.50.50.50.40.40.3
Free cash flow $B◌◌◌−0.6−0.3−0.7−0.20.00.10.70.00.40.50.50.20.0−0.2−0.4−0.7
EPS, diluted $4.814.834.224.454.113.793.583.343.792.962.342.592.512.352.241.931.623.042.83
Dividend / sh $3.573.343.122.912.712.532.362.212.081.981.741.561.45◌◌◌1.351.081.00
Payout %74697465666666665467716057514641413535
ROE %11.612.311.212.411.911.511.111.213.110.69.713.513.713.413.612.411.111.210.8
Shares out B0.330.320.320.320.320.320.320.320.320.320.320.230.230.230.230.120.12◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Six checks were skipped: cost of revenue is not tagged before 2013. Two checks were skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityElectric & Other Services Combined
Listed onNYSE
Incorporated inWisconsin
Fiscal year endsDecember 31
Data on record since2007

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