MARKETS / NYSE / 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

Revenue

$9.8B

▲ 14.0% YoY

Net income

$1.6B

▲ 2.0% YoY

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

Compound annual growth

Revenue

+0.7%

+6.2%

+5.2%

Net income

+3.3%

+5.3%

EPS, diluted

+2.6%

+4.9%

+7.5%

+6.3%

Dividend / share

+7.1%

+7.5%

Returned to shareholders

+5.2%

+6.1%

+8.7%

+10.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +6.2% a year over five years — 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%

ROE

FY2018 · ROE 11.2%

Gross margin66.7%

Operating margin22.9%

Net margin15.9%

Return on assets3.1%

EBITDAUSD 3.7B

Cash & shareholders

USD 1.1B

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2022 · FCF -636.2

Net buybacks $B Dividends $B

FY2025 · Dividends 1.1 · Net buybacks -0.8

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×

Not available: we don't have the shareholders' equity figure for this period.

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

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	9.8	8.6	8.9	9.6	8.3	7.2	7.5	7.7	7.6	7.5	5.9	5.0	4.5	4.2	4.5	·	·	·	·
Operating income $B	2.2	2.2	1.9	1.9	1.7	1.7	1.5	1.5	1.8	1.7	1.3	1.1	1.1	1.0	0.9	0.8	0.7	0.7	0.6
EBITDA $B	3.7	3.5	3.2	3.0	2.8	2.7	2.5	2.3	2.6	2.5	1.8	1.5	1.4	1.4	1.2	1.1	1.0	1.0	·
Income tax $B	0.1	0.2	0.2	0.3	0.2	0.2	0.1	0.2	0.4	0.6	0.4	0.4	0.3	0.3	0.3	0.2	0.2	0.2	0.2
Net income $B	1.6	1.5	1.3	1.4	1.3	1.2	1.1	1.1	1.2	0.9	0.6	0.6	0.6	0.5	0.5	0.5	0.4	0.4	0.3
Free cash flow $B	·	·	·	−0.6	−0.3	−0.7	−0.2	0.0	0.1	0.7	0.0	0.4	0.5	0.5	0.2	0.0	−0.2	−0.4	−0.7
EPS, diluted $	4.81	4.83	4.22	4.45	4.11	3.79	3.58	3.34	3.79	2.96	2.34	2.59	2.51	2.35	2.24	1.93	1.62	3.04	2.83
Dividend / sh $	3.57	3.34	3.12	2.91	2.71	2.53	2.36	2.21	2.08	1.98	1.74	1.56	1.45	·	·	·	1.35	1.08	1.00
Payout %	74	69	74	65	66	66	66	66	54	67	71	60	57	51	46	41	41	35	35
ROE %	·	·	·	·	·	·	·	11.2	13.1	10.6	9.7	13.5	13.7	13.4	13.6	12.4	11.1	11.2	10.8
Shares out B	0.33	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.23	0.23	0.23	0.23	0.23	0.12	·	·

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

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 19 fiscal years. 8 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityElectric & Other Services Combined

Listed onNYSE

Incorporated inWisconsin

Fiscal year endsDecember 31

Data on record since2007