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WEC Energy Group Inc (WEC) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

UTILITIES · Electric Utilities · DATA UPDATED 2026-07-15

WEC Energy Group Inc (WEC) operates in the Electric Utilities industry and is headquartered in Milwaukee, United States with about 7,000 employees. Its market capitalization is roughly $38 billion. In the fiscal year ended 2025-12-31, WEC reported $9.8B in revenue and $1.6B in net income.

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.

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WEC Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$10.1B	$9.8B	$8.6B	$8.9B	$9.6B	$8.3B	$7.2B	$7.5B	$7.7B	$7.6B	$7.5B	$5.9B	$5.0B	$4.5B	$4.2B	$4.5B	$4.2B	$4.1B	$4.4B	$4.2B	$4.0B
Gross Profit	$5.6B	$5.0B	$3.8B	$3.6B	$3.3B	$3.0B	$2.9B	$2.7B	$2.5B	$2.8B	$2.7B	$2.0B	$1.6B	$1.5B	$1.5B	$1.3B	$1.0B	$2.1B	$2.0B	$3.2B	$3.2B
Gross Margin %	55.7%	50.5%	44.0%	40.5%	34.4%	36.1%	39.9%	35.4%	32.7%	36.2%	35.5%	33.4%	32.5%	34.0%	35.0%	29.7%	24.4%	51.6%	44.4%	76.5%	79.9%
Operating Income (EBIT)	$2.4B	$2.4B	$2.2B	$1.9B	$1.9B	$1.7B	$1.7B	$1.5B	$1.5B	$1.8B	$1.7B	$1.2B	$1.1B	$1.1B	$1.0B	$887M	$810M	$664M	$172M	$628M	$568M
Operating Margin %	24.0%	24.2%	25.0%	21.5%	20.1%	20.6%	23.6%	20.4%	19.1%	23.3%	22.5%	21.1%	22.2%	23.9%	23.6%	19.8%	19.3%	16.1%	3.9%	14.8%	14.2%
Net Income	$1.6B	$1.6B	$1.5B	$1.3B	$1.4B	$1.3B	$1.2B	$1.1B	$1.1B	$1.2B	$940M	$640M	$588M	$577M	$546M	$526M	$456M	$382M	$359M	$336M	$316M
Net Margin %	16.2%	15.9%	17.8%	15.0%	14.7%	15.7%	16.6%	15.1%	13.8%	15.8%	12.6%	10.8%	11.8%	12.8%	12.9%	11.7%	10.9%	9.3%	8.1%	7.9%	7.9%
EBITDA	$4.1B	$4.0B	$3.9B	$3.5B	$3.4B	$3.0B	$2.9B	$2.7B	$2.5B	$2.8B	$2.7B	$2.0B	$1.6B	$1.6B	$1.5B	$1.3B	$1.2B	$1.1B	$1.1B	$966M	$934M
Earnings Per Share (EPS)	$5.02	$4.75	$4.83	$4.22	$4.46	$4.11	$3.79	$3.58	$3.35	$3.80	$2.97	$2.35	$2.59	$2.51	$2.35	$2.24	$1.93	$1.62	$1.52	$1.42	$1.34
Shares Outstanding (M)	328M	328M	316M	316M	316M	316M	316M	317M	317M	317M	317M	273M	228M	230M	233M	235M	237M	236M	236M	237M	237M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WEC Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$3.4B	$2.5B	$2.1B	$2.0B	$3.1B	$2.3B	$1.9B	$1.8B
Gross Profit	$2.0B	$1.2B	$1.5B	$843M	$1.4B	$1.0B	$776M	$769M
Gross Margin %	59.5%	48.9%	71.1%	41.9%	43.7%	44.6%	41.6%	43.4%
Operating Income (EBIT)	$980M	$583M	$450M	$405M	$938M	$591M	$384M	$365M
Operating Margin %	28.5%	23.0%	21.4%	20.2%	29.8%	25.9%	20.6%	20.6%
Net Income	$805M	$317M	$271M	$246M	$724M	$454M	$240M	$212M
Net Margin %	23.4%	12.5%	12.9%	12.2%	23.0%	19.9%	12.9%	11.9%
EBITDA	$1.5B	$924M	$902M	$852M	$1.4B	$1.1B	$815M	$789M
Earnings Per Share (EPS)	$2.45	$0.97	$0.83	$0.77	$2.27	$1.43	$0.76	$0.67
Shares Outstanding (M)	328M	328M	326M	321M	319M	318M	316M	316M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WEC Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$3.4B	$3.4B	$3.2B	$3.0B	$2.1B	$2.0B	$2.2B	$2.3B	$2.4B	$2.1B	$2.1B	$1.3B	$1.2B	$1.2B	$1.2B	$993M	$810M	$629M	$737M	$532M	$730M
Capital Expenditures (CapEx)	$4.5B	$4.4B	$2.8B	$2.5B	$2.3B	$2.3B	$2.2B	$2.3B	$2.1B	$2.0B	$1.4B	$1.2B	$736M	$687M	$707M	$831M	$798M	$818M	$1.1B	$1.2B	$929M
Free Cash Flow (FCF)	($1.1B)	($1.0B)	$431M	$526M	($273M)	($220M)	($43M)	$85M	$330M	$120M	$680M	$70M	$462M	$544M	$467M	$163M	$12M	($189M)	($400M)	($679M)	($199M)
FCF Margin %	-11.0%	-10.4%	5.0%	5.9%	-2.9%	-2.6%	-0.6%	1.1%	4.3%	1.6%	9.1%	1.2%	9.2%	12.0%	11.0%	3.6%	0.3%	-4.6%	-9.0%	-16.0%	-5.0%
Dividends Paid	$1.2B	$1.1B	$1.1B	$984M	$918M	$855M	$798M	$744M	$697M	$656M	$625M	$455M	$352M	$329M	$276M	$242M	$187M	$158M	$126M	$117M	$108M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WEC Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$1.2B	$398M	$939M	$853M	$1.2B	$582M	$729M	$1.0B
Capital Expenditures (CapEx)	$818M	$1.3B	$1.6B	$829M	$701M	$846M	$796M	$694M
Free Cash Flow (FCF)	$400M	($905M)	($626M)	$24M	$462M	($265M)	($67M)	$344M
FCF Margin %	11.7%	-35.7%	-29.7%	1.2%	14.6%	-11.6%	-3.6%	19.4%
Dividends Paid	$310M	$290M	$289M	$285M	$284M	$265M	$264M	$264M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WEC Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$51.7B	$51.5B	$47.4B	$43.9B	$41.9B	$39.0B	$37.0B	$35.0B	$33.5B	$31.6B	$30.1B	$29.4B	$15.2B	$14.8B	$14.3B	$13.9B	$13.1B	$12.7B	$12.6B	$11.7B	$11.1B
Cash & Cash Equivalents	$46M	$28M	$10M	$43M	$29M	$16M	$25M	$38M	$84M	$39M	$38M	$50M	$62M	$26M	$36M	$14M	$24M	$21M	$32M	$436M	$37M
Total Liabilities	$37.2B	$37.5B	$34.6B	$31.9B	$30.3B	$27.9B	$26.4B	$24.7B	$23.6B	$22.1B	$21.2B	$20.7B	$10.7B	$10.5B	$10.1B	$9.9B	$9.2B	$9.1B	$9.2B	$8.6B	$8.2B
Total Debt (Short + Long-Term)	$21.9B	$21.9B	$20.0B	$18.7B	$17.4B	$15.6B	$14.3B	$12.7B	$11.8B	$11.0B	$10.2B	$10.4B	$5.2B	$5.2B	$5.3B	$5.3B	$5.1B	$5.0B	$4.7B	$4.4B	$4.3B
Total Shareholders' Equity	$14.2B	$13.6B	$12.4B	$11.8B	$11.4B	$10.9B	$10.5B	$10.1B	$9.8B	$9.5B	$9.0B	$8.7B	$4.5B	$4.3B	$4.2B	$4.0B	$3.8B	$3.6B	$3.4B	$3.1B	$2.9B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive WEC viewer.

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