Wec Energy Group, Inc. (WEC) Financial Statements
Industry: Electric & Other Services Combined
In fiscal 2025, Wec Energy reported revenue of $9.80B, up 14.0% from $8.60B the year before. Net income was $1.56B (a 15.9% net margin), or $4.81 per diluted share. Gross margin was 66.7% and operating margin was 22.9%. Operating activities generated $3.38B of cash. At fiscal year end, Wec Energy held $51.52B in total assets against $37.47B in total liabilities, including $27.6M of cash and equivalents.
Open the full interactive Wec Energy financials → Quarterly statements, key ratios, valuation history and price charts.
Wec Energy Key Stats
| Share Price | $105.87 |
|---|---|
| Market Cap | $34.82B |
| P/E Ratio | 22.0 |
| Revenue YoY Growth | +14.0% |
| 52-Week Range | $100.78 – $117.82 |
| Shares Outstanding | 325.8 million (basic, 2026 Q2) |
Wec Energy Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $7.24B | $8.32B | $9.60B | $8.89B | $8.60B | $9.80B |
| Cost of Goods Sold | $2.32B | $3.31B | $4.36B | $3.19B | $2.66B | $3.27B |
| Gross Profit | $4.92B | $5.00B | $5.24B | $5.70B | $5.94B | $6.53B |
| Operating Income | $1.71B | $1.71B | $1.92B | $1.91B | $2.15B | $2.24B |
| Pre-Tax Income | $1.43B | $1.50B | $1.73B | $1.54B | $1.75B | $1.67B |
| Income Tax | $227.9M | $200.3M | $322.9M | $204.6M | $222.0M | $118.0M |
| Net Income | $1.20B | $1.30B | $1.41B | $1.33B | $1.53B | $1.56B |
| Diluted EPS | $3.79 | $4.11 | $4.45 | $4.22 | $4.83 | $4.81 |
Wec Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.10B | $2.54B | $3.43B | $2.06B |
| Net Income | $271.6M | $316.9M | $804.7M | $299.5M |
| Diluted EPS | $0.83 | $0.98 | $2.45 | $0.91 |
Wec Energy Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $24.8M | $16.3M | $28.9M | $42.9M | $9.8M | $27.6M |
| Current Assets | $2.08B | $2.66B | $3.19B | $2.80B | $2.91B | $3.28B |
| Total Assets | $37.03B | $38.99B | $41.87B | $43.94B | $47.36B | $51.52B |
| Current Liabilities | $4.15B | $3.75B | $4.61B | $5.11B | $4.84B | $5.59B |
| Total Long-Term Debt | $12.46B | $13.64B | $15.54B | $16.63B | $18.91B | $20.02B |
| Total Liabilities | $37.03B | $38.99B | $30.26B | $31.87B | $34.56B | $37.47B |
| Shareholders' Equity | — | — | $11.62B | $12.07B | $12.80B | $14.05B |
Wec Energy Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.20B | $2.03B | $2.06B | $3.02B | $3.21B | $3.38B |
| Cash From Investing | -$2.81B | -$2.31B | -$2.64B | -$3.56B | -$3.80B | -$4.87B |
| Cash From Financing | $601.1M | $294.0M | $676.4M | $522.8M | $467.7M | $1.52B |
| Free Cash Flow | -$678.3M | -$340.0M | -$636.2M | — | — | — |
Figures from Wec Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Wec Energy financials page for every line item.
Wec Energy Company Profile
| Ticker | WEC |
|---|---|
| Exchange | NYSE |
| Industry | Electric & Other Services Combined |
| Headquarters | Milwaukee, Wisconsin |
| Incorporated in | Wisconsin |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000783325 |
Frequently Asked Questions
What was Wec Energy's revenue in fiscal 2025?
Wec Energy (WEC) reported revenue of $9.80B for fiscal 2025.
What is Wec Energy's annual revenue history?
Wec Energy's annual revenue by fiscal year: 2020: $7.24B; 2021: $8.32B; 2022: $9.60B; 2023: $8.89B; 2024: $8.60B; 2025: $9.80B.
What was Wec Energy's net income in fiscal 2025?
Wec Energy reported net income of $1.56B for fiscal 2025.
What was Wec Energy's earnings per share (EPS) in fiscal 2025?
Wec Energy's diluted EPS was $4.81 for fiscal 2025 (adjusted for any later stock splits).
What was Wec Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Wec Energy reported revenue of $2.06B.
How much debt does Wec Energy have?
Wec Energy reported $20.02B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Wec Energy are outstanding?
Wec Energy reported a weighted average of 325.8 million basic shares outstanding in 2026 Q2.
What is Wec Energy's market cap?
Based on its latest closing price, Wec Energy (WEC) has a market capitalization of about $34.82B.
When does Wec Energy's fiscal year end?
Wec Energy's fiscal year end, as registered with the SEC, is December 31.
Where is Wec Energy headquartered?
Wec Energy lists its business address in Milwaukee, Wisconsin in its SEC filings.