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WEC Energy Group (WEC) Financials

$108.88 +0.26 (+0.24%)

Closing price 05/5/2025 03:59 PM Eastern

Extended Trading

$110.30 +1.42 (+1.30%)

As of 04:37 AM Eastern

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Annual Income Statements for WEC Energy Group

This table shows WEC Energy Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	639	939	1,204	1,059	1,134	1,200	1,300	1,408	1,332	1,527
Consolidated Net Income / (Loss)	640	940	1,205	1,061	1,135	1,201	1,299	1,410	1,332	1,524
Net Income / (Loss) Continuing Operations	640	940	1,205	1,061	1,135	1,201	1,299	1,410	1,332	1,524
Total Pre-Tax Income	1,074	1,507	1,588	1,230	1,260	1,429	1,499	1,733	1,536	1,746
Total Operating Income	1,251	1,696	1,776	1,468	1,531	1,706	1,715	1,924	1,908	2,153
Total Gross Profit	1,977	4,825	4,826	4,782	4,844	4,922	5,005	5,239	5,702	5,944
Total Revenue	5,926	7,472	7,649	7,680	7,523	7,242	8,316	9,597	8,893	8,600
Operating Revenue	5,926	7,472	7,649	7,680	7,523	7,242	8,316	9,597	8,893	8,600
Total Cost of Revenue	3,949	2,647	2,823	2,898	2,679	2,320	3,311	4,359	3,191	2,656
Operating Cost of Revenue	3,949	2,647	2,823	2,898	2,679	2,320	3,311	4,359	3,191	2,656
Total Operating Expenses	726	3,129	3,050	3,313	3,313	3,216	3,290	3,314	3,794	3,791
Selling, General & Admin Expense	-	2,171	2,056	2,271	2,185	2,032	2,006	1,938	2,101	2,158
Depreciation Expense	562	763	799	846	926	976	1,074	1,123	1,264	1,355
Other Operating Expenses / (Income)	164	195	195	197	202	208	210	254	250	267
Impairment Charge	-	-	-	-	-	-	0.00	0.00	179	12
Total Other Income / (Expense), net	-176	-190	-188	-238	-272	-277	-216	-192	-372	-407
Interest Expense	331	403	416	445	502	532	507	515	727	792
Interest & Investment Income	96	147	154	137	128	176	158	195	178	208
Other Income / (Expense), net	59	67	74	70	102	80	133	129	178	178
Income Tax Expense	434	567	384	170	125	228	200	323	205	222
Preferred Stock Dividends Declared	1.80	-	1.20	1.20	1.20	1.20	1.20	1.20	1.20	1.20
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	-0.50	0.30	-3.00	0.40	-1.20	-4.10
Basic Earnings per Share	$2.36	-	$3.81	$3.36	$3.60	$3.80	$4.12	$4.46	$4.22	$4.83
Weighted Average Basic Shares Outstanding	271.10M	315.60M	315.60M	315.50M	315.40M	315.40M	315.40M	315.40M	315.40M	316.20M
Diluted Earnings per Share	$2.34	-	$3.79	$3.34	$3.58	$3.79	$4.11	$4.45	$4.22	$4.83
Weighted Average Diluted Shares Outstanding	272.70M	316.90M	317.20M	316.90M	316.70M	316.50M	316.30M	316.10M	315.90M	316.50M
Weighted Average Basic & Diluted Shares Outstanding	269.80M	314.70M	316.20M	315.60M	315.43M	315.43M	315.43M	315.43M	315.56M	317.75M
Cash Dividends to Common per Share	$1.74	$1.98	$2.08	$2.21	$2.36	$2.53	$2.71	$2.91	$3.12	$3.34

This table shows WEC Energy Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	302	253	508	290	316	219	622	211	240	454
Consolidated Net Income / (Loss)	302	252	508	290	316	219	623	210	239	453
Net Income / (Loss) Continuing Operations	302	252	508	290	316	219	623	210	239	453
Total Pre-Tax Income	375	311	582	339	376	240	710	252	270	514
Total Operating Income	404	380	669	425	472	341	813	365	384	591
Total Gross Profit	1,198	1,323	1,578	1,297	1,370	1,456	1,753	1,302	1,343	1,546
Total Revenue	2,003	2,558	2,888	1,830	1,957	2,218	2,680	1,772	1,864	2,284
Operating Revenue	2,003	2,558	2,888	1,830	1,957	2,218	2,680	1,772	1,864	2,284
Total Cost of Revenue	805	1,235	1,310	533	587	761	927	470	521	738
Operating Cost of Revenue	805	1,235	1,310	533	587	761	927	470	521	738
Total Operating Expenses	794	943	909	872	898	1,115	940	938	959	955
Selling, General & Admin Expense	454	580	534	496	517	554	531	533	567	527
Depreciation Expense	280	285	306	314	320	325	333	337	341	344
Other Operating Expenses / (Income)	59	78	70	62	61	58	76	68	52	72
Total Other Income / (Expense), net	-29	-69	-88	-87	-96	-101	-103	-113	-114	-77
Interest Expense	128	150	172	179	183	194	192	201	204	195
Interest & Investment Income	64	46	44	44	45	45	45	47	47	69
Other Income / (Expense), net	35	35	41	48	42	47	44	41	44	50
Income Tax Expense	73	59	74	49	60	22	88	42	32	61
Preferred Stock Dividends Declared	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.60	-0.80	-0.20	0.00	-0.70	-0.30	0.00	-1.60	-1.80	-0.70
Weighted Average Basic Shares Outstanding	315.40M	315.40M	315.40M	315.40M	315.40M	315.40M	315.60M	315.90M	316.20M	316.20M
Weighted Average Diluted Shares Outstanding	316.20M	316.10M	315.90M	315.90M	315.80M	315.90M	315.90M	316.20M	316.50M	316.50M
Weighted Average Basic & Diluted Shares Outstanding	315.43M	315.43M	315.43M	315.43M	315.43M	315.56M	315.82M	316.08M	316.35M	317.75M

This table details how cash moves in and out of WEC Energy Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-12	-96	-14	88	-64	-9.70	15	95	-17	-123
Net Cash From Operating Activities	1,294	2,104	2,079	2,446	2,346	2,196	2,033	2,061	3,018	3,212
Net Cash From Continuing Operating Activities	1,294	2,104	2,079	2,446	2,346	2,196	2,033	2,061	3,018	3,212
Net Income / (Loss) Continuing Operations	640	940	1,205	1,061	1,135	1,201	1,299	1,410	1,332	1,524
Consolidated Net Income / (Loss)	640	940	1,205	1,061	1,135	1,201	1,299	1,410	1,332	1,524
Depreciation Expense	584	763	799	846	926	976	1,074	1,123	1,264	1,355
Non-Cash Adjustments To Reconcile Net Income	-132	-75	-125	-96	-39	-145	-180	-156	105	-59
Changes in Operating Assets and Liabilities, net	202	476	200	635	324	164	-160	-316	317	392
Net Cash From Investing Activities	-2,518	-1,354	-2,254	-2,384	-2,495	-2,807	-2,312	-2,642	-3,558	-3,803
Net Cash From Continuing Investing Activities	-2,518	-1,354	-2,254	-2,384	-2,495	-2,807	-2,312	-2,642	-3,558	-3,803
Purchase of Property, Plant & Equipment	-1,266	-1,424	-1,960	-2,116	-2,261	-2,479	-2,253	-2,315	-2,936	-2,781
Acquisitions	-1,330	0.00	-226	-301	-268	-365	-120	-382	-429	-992
Purchase of Investments	-8.70	-102	-113	-119	-53	-59	0.00	-46	-64	-46
Divestitures	29	166	24	12	38	20	22	69	33	1.70
Other Investing Activities, net	58	3.00	12	21	49	19	20	31	-163	14
Net Cash From Financing Activities	1,212	-846	161	26	86	601	294	676	523	468
Net Cash From Continuing Financing Activities	1,212	-846	161	26	86	601	294	676	523	468
Repayment of Debt	-386	-554	-161	-973	-992	-1,228	-1,677	-117	-1,026	-3,093
Repurchase of Common Equity	-75	-108	-71	-72	-140	-130	-33	-69	-17	-3.20
Payment of Dividends	-455	-625	-657	-697	-745	-798	-855	-918	-984	-1,084
Issuance of Debt	2,150	400	1,019	1,740	1,895	2,714	2,843	1,747	2,544	4,461
Issuance of Common Equity	-	-	-	-	-	-	-	0.00	0.00	163
Other Financing Activities, net	30	42	31	29	67	44	16	34	6.30	24

This table details how cash moves in and out of WEC Energy Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	11	66	-54	12	1.30	24	-49	187	58	-319
Net Cash From Operating Activities	297	1.20	796	958	784	480	864	1,037	729	582
Net Cash From Continuing Operating Activities	297	1.20	796	958	784	480	864	1,037	729	582
Net Income / (Loss) Continuing Operations	302	252	508	290	316	219	623	210	239	453
Consolidated Net Income / (Loss)	302	252	508	290	316	219	623	210	239	453
Depreciation Expense	280	285	306	314	320	325	333	337	341	344
Non-Cash Adjustments To Reconcile Net Income	-108	-97	-12	23	-21	115	-13	-31	-30	15
Changes in Operating Assets and Liabilities, net	-177	-439	-5.10	331	169	-178	-79	522	180	-231
Net Cash From Investing Activities	-1,048	-657	-1,268	-834	-670	-787	-436	-815	-802	-1,749
Net Cash From Continuing Investing Activities	-1,048	-657	-1,268	-834	-670	-787	-436	-815	-802	-1,749
Purchase of Property, Plant & Equipment	-672	-614	-942	-574	-656	-763	-445	-694	-796	-846
Acquisitions	-363	-19	-325	-144	-95	136	0.00	-98	0.30	-894
Divestitures	4.00	-	-	-	-	2.40	-	-	0.30	0.50
Other Investing Activities, net	-8.50	-1.70	-4.80	-119	99	-139	5.60	-5.20	8.50	5.10
Net Cash From Financing Activities	763	722	418	-113	-113	330	-477	-36	132	849
Net Cash From Continuing Financing Activities	763	722	418	-113	-113	330	-477	-36	132	849
Repayment of Debt	-27	-36	-45	-44	-924	-13	-759	-52	-60	-2,222
Payment of Dividends	-230	-229	-246	-246	-246	-246	-292	-264	-264	-265
Issuance of Debt	1,029	987	715	179	1,058	592	553	261	434	3,213
Issuance of Common Equity	-	-	0.00	-	-	-	19	19	13	112
Other Financing Activities, net	10	0.50	0.90	1.40	0.70	3.30	3.70	1.00	8.70	10

This table presents WEC Energy Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	29,355	30,123	31,591	33,476	34,952	37,028	38,989	41,872	43,940	47,363
Total Current Assets	2,207	2,169	2,214	2,248	2,094	2,083	2,657	3,188	2,796	2,912
Cash & Equivalents	50	38	39	85	38	25	16	29	43	9.80
Accounts Receivable	1,029	1,242	1,351	1,281	1,177	1,203	1,506	1,818	1,503	1,669
Inventories, net	687	588	539	548	550	529	636	807	775	813
Prepaid Expenses	286	204	210	257	262	263	63	70	77	83
Current Deferred & Refundable Income Taxes	-	-	-	-	-	-	182	202	174	215
Other Current Assets	156	98	75	77	68	63	253	262	224	122
Plant, Property, & Equipment, net	19,190	19,916	21,347	22,001	23,620	25,707	26,982	29,114	31,582	34,645
Total Noncurrent Assets	7,959	8,039	8,030	9,227	9,238	9,238	9,349	9,571	9,563	9,806
Long-Term Investments	1,381	1,444	1,553	1,665	1,721	1,764	1,789	1,909	2,006	2,109
Goodwill	3,024	3,046	3,054	3,053	3,053	3,053	3,053	3,053	3,053	3,053
Employee Benefit Assets	-	-	-	-	-	601	881	917	871	969
Other Noncurrent Operating Assets	3,554	3,549	3,423	4,509	4,465	3,820	3,626	3,692	3,633	3,676
Total Liabilities & Shareholders' Equity	29,355	30,123	31,591	33,476	34,952	37,028	38,989	41,872	43,940	47,363
Total Liabilities	20,670	21,163	22,099	23,633	24,697	26,366	27,875	30,256	31,868	34,561
Total Current Liabilities	2,709	2,432	3,869	3,332	3,183	4,148	3,753	4,611	5,115	4,842
Short-Term Debt	1,253	1,017	2,287	1,805	1,524	2,563	2,066	2,528	3,285	2,846
Accounts Payable	815	862	860	876	908	881	1,006	1,198	897	1,137
Other Current Liabilities	471	389	554	465	551	705	681	885	933	859
Total Noncurrent Liabilities	17,961	18,731	18,229	20,301	21,515	22,218	24,122	25,645	26,753	29,719
Long-Term Debt	9,124	9,158	8,747	9,994	11,211	11,728	13,524	14,766	15,367	17,178
Asset Retirement Reserve & Litigation Obligation	2,020	2,197	4,336	4,868	4,582	4,461	4,479	4,714	4,536	4,984
Noncurrent Deferred Revenue	579	566	543	520	497	412	389	371	356	335
Noncurrent Deferred & Payable Income Tax Liabilities	4,622	5,147	3,000	3,388	3,769	4,060	4,309	4,626	4,919	5,515
Other Noncurrent Operating Liabilities	1,072	1,164	1,206	1,108	1,129	1,229	1,203	996	1,576	1,708
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	0.00	23	111	162	170	209	317	377
Total Equity & Noncontrolling Interests	8,685	8,960	9,492	9,819	10,144	10,500	10,944	11,407	11,755	12,425
Total Preferred & Common Equity	8,685	8,960	9,492	9,819	10,144	10,500	10,944	11,407	11,755	12,425
Preferred Stock	30	30	30	30	30	30	30	30	30	30
Total Common Equity	8,655	8,930	9,461	9,789	10,113	10,470	10,913	11,377	11,724	12,395
Common Stock	4,350	4,313	4,282	4,253	4,190	4,147	4,141	4,118	4,119	4,319
Retained Earnings	4,300	4,614	5,177	5,538	5,928	6,330	6,775	7,265	7,613	8,084
Accumulated Other Comprehensive Income / (Loss)	4.60	2.90	2.90	-2.60	-4.10	-6.80	-3.20	-6.80	-7.70	-7.80

This table presents WEC Energy Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Total Assets	40,761	41,872	42,796	43,019	43,442	43,940	43,927	44,582	45,197	47,363
Total Current Assets	2,771	3,188	2,839	2,458	2,444	2,796	2,605	2,584	2,619	2,912
Cash & Equivalents	29	29	36	55	46	43	39	224	323	9.80
Accounts Receivable	1,322	1,818	1,781	1,315	1,243	1,503	1,557	1,243	1,176	1,669
Inventories, net	925	807	524	604	750	775	609	696	790	813
Prepaid Expenses	32	70	65	43	41	77	71	53	51	83
Current Deferred & Refundable Income Taxes	124	202	153	215	158	174	143	183	125	215
Other Current Assets	149	262	281	226	206	224	186	186	156	122
Plant, Property, & Equipment, net	28,575	29,114	30,379	31,010	31,468	31,582	31,730	32,264	32,853	34,645
Total Noncurrent Assets	9,415	9,571	9,578	9,551	9,531	9,563	9,593	9,734	9,724	9,806
Long-Term Investments	1,876	1,909	1,922	1,956	1,984	2,006	2,027	2,056	2,081	2,109
Goodwill	3,053	3,053	3,053	3,053	3,053	3,053	3,053	3,053	3,053	3,053
Employee Benefit Assets	966	917	933	951	919	871	884	901	918	969
Other Noncurrent Operating Assets	3,520	3,692	3,670	3,592	3,575	3,633	3,629	3,725	3,673	3,676
Total Liabilities & Shareholders' Equity	40,761	41,872	42,796	43,019	43,442	43,940	43,927	44,582	45,197	47,363
Total Liabilities	29,195	30,256	30,839	31,018	31,341	31,868	31,501	32,188	32,805	34,561
Total Current Liabilities	3,370	4,611	3,766	4,097	4,074	5,115	4,710	3,492	4,009	4,842
Short-Term Debt	1,427	2,528	2,069	2,468	2,262	3,285	3,215	1,919	2,421	2,846
Accounts Payable	1,158	1,198	680	749	868	897	641	800	741	1,137
Other Current Liabilities	785	885	1,016	881	944	933	854	594	646	859
Total Noncurrent Liabilities	25,826	25,645	27,073	26,921	27,268	26,753	26,791	28,696	28,796	29,719
Long-Term Debt	14,911	14,766	15,827	15,608	15,957	15,367	15,376	16,908	16,889	17,178
Asset Retirement Reserve & Litigation Obligation	4,445	4,714	4,182	4,692	4,682	4,536	4,557	4,815	4,868	4,984
Noncurrent Deferred Revenue	374	371	367	364	360	356	351	346	340	335
Noncurrent Deferred & Payable Income Tax Liabilities	4,525	4,626	4,703	4,774	4,832	4,919	5,120	5,265	5,322	5,515
Other Noncurrent Operating Liabilities	1,353	996	1,825	1,484	1,437	1,576	1,388	1,362	1,377	1,708
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	210	209	321	320	317	317	283	281	279	377
Total Equity & Noncontrolling Interests	11,356	11,407	11,637	11,681	11,783	11,755	12,143	12,113	12,112	12,425
Total Preferred & Common Equity	11,356	11,407	11,637	11,681	11,783	11,755	12,143	12,113	12,112	12,425
Preferred Stock	-	30	-	-	30	30	30	30	30	30
Total Common Equity	11,356	11,377	11,637	11,681	11,753	11,724	12,113	12,083	12,082	12,395
Common Stock	4,117	4,118	4,117	4,118	4,120	4,119	4,149	4,172	4,195	4,319
Retained Earnings	7,242	7,265	7,527	7,570	7,640	7,613	7,972	7,919	7,895	8,084
Accumulated Other Comprehensive Income / (Loss)	-3.20	-6.80	-6.90	-6.90	-7.00	-7.70	-7.80	-7.80	-7.90	-7.80

This table displays calculated financial ratios and metrics derived from WEC Energy Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.59%	26.09%	2.36%	0.41%	-2.04%	-3.74%	14.83%	15.41%	-7.34%	-3.30%
EBITDA Growth	22.72%	33.42%	4.87%	-9.96%	7.36%	7.88%	5.83%	8.66%	5.49%	10.02%
EBIT Growth	16.34%	34.63%	4.93%	-16.82%	6.17%	9.30%	3.50%	11.09%	1.59%	11.76%
NOPAT Growth	8.16%	42.00%	27.28%	-6.05%	8.98%	3.96%	3.60%	5.38%	5.64%	13.62%
Net Income Growth	8.62%	46.84%	28.15%	-11.98%	7.00%	5.88%	8.08%	8.56%	-5.53%	14.46%
EPS Growth	-9.65%	0.00%	0.00%	-11.87%	7.19%	5.87%	8.44%	8.27%	-5.17%	14.46%
Operating Cash Flow Growth	7.90%	62.63%	-1.20%	17.65%	-4.09%	-6.37%	-7.44%	1.38%	46.47%	6.41%
Free Cash Flow Firm Growth	-108.56%	120.75%	-93.35%	345.02%	-86.91%	-1,342.76%	50.33%	-105.71%	90.62%	-220.23%
Invested Capital Growth	48.20%	0.13%	7.24%	5.07%	6.73%	9.10%	7.48%	8.34%	6.31%	7.09%
Revenue Q/Q Growth	11.89%	1.56%	1.22%	0.28%	-1.69%	-0.19%	3.34%	3.86%	-3.69%	0.78%
EBITDA Q/Q Growth	14.70%	-1.58%	3.34%	-4.94%	4.59%	0.52%	-0.07%	2.00%	0.39%	7.96%
EBIT Q/Q Growth	13.34%	-1.62%	3.44%	-8.14%	6.10%	0.06%	-1.48%	2.64%	-1.27%	12.13%
NOPAT Q/Q Growth	9.74%	2.12%	22.75%	-15.15%	3.66%	0.12%	-1.57%	0.93%	0.00%	12.70%
Net Income Q/Q Growth	9.83%	1.60%	24.64%	-17.67%	3.55%	-0.38%	-1.20%	2.06%	-2.47%	18.19%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	4.43%	8.38%	-2.30%	4.46%	2.96%	225.29%	-49.59%	-1.19%	18.85%	3.27%
Free Cash Flow Firm Q/Q Growth	58.24%	-80.11%	-83.87%	125.59%	-42.01%	-246.97%	38.24%	3.93%	94.22%	-133.54%
Invested Capital Q/Q Growth	-18.39%	1.26%	4.57%	2.22%	2.46%	6.18%	4.94%	4.52%	1.36%	4.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.36%	64.57%	63.09%	62.26%	64.39%	67.97%	60.19%	54.58%	64.12%	69.12%
EBITDA Margin	31.94%	33.80%	34.63%	31.05%	34.03%	38.13%	35.14%	33.09%	37.67%	42.86%
Operating Margin	21.10%	22.70%	23.22%	19.12%	20.36%	23.56%	20.62%	20.05%	21.46%	25.03%
EBIT Margin	22.10%	23.59%	24.19%	20.04%	21.71%	24.66%	22.22%	21.39%	23.45%	27.11%
Profit (Net Income) Margin	10.80%	12.58%	15.75%	13.81%	15.08%	16.59%	15.61%	14.69%	14.97%	17.72%
Tax Burden Percent	59.61%	62.40%	75.86%	86.20%	90.08%	84.06%	86.64%	81.36%	86.68%	87.29%
Interest Burden Percent	82.03%	85.47%	85.87%	79.96%	77.11%	80.05%	81.10%	84.39%	73.66%	74.92%
Effective Tax Rate	40.39%	37.60%	24.14%	13.80%	9.92%	15.94%	13.36%	18.64%	13.32%	12.71%
Return on Invested Capital (ROIC)	5.05%	6.00%	7.36%	6.52%	6.71%	6.46%	6.18%	6.04%	5.94%	6.33%
ROIC Less NNEP Spread (ROIC-NNEP)	4.04%	4.66%	5.79%	4.41%	4.38%	4.48%	4.76%	4.97%	3.93%	4.27%
Return on Net Nonoperating Assets (RNNOA)	9.64%	4.66%	5.70%	4.45%	4.58%	5.03%	5.74%	6.37%	5.30%	5.93%
Return on Equity (ROE)	14.69%	10.66%	13.06%	10.97%	11.29%	11.49%	11.93%	12.40%	11.24%	12.26%
Cash Return on Invested Capital (CROIC)	-33.79%	5.87%	0.38%	1.58%	0.20%	-2.25%	-1.03%	-1.97%	-0.17%	-0.52%
Operating Return on Assets (OROA)	5.92%	5.93%	5.99%	4.73%	4.77%	4.96%	4.86%	5.08%	4.86%	5.11%
Return on Assets (ROA)	2.89%	3.16%	3.90%	3.26%	3.32%	3.34%	3.42%	3.49%	3.10%	3.34%
Return on Common Equity (ROCE)	14.59%	10.62%	13.02%	10.92%	11.18%	11.30%	11.71%	12.16%	10.97%	11.88%
Return on Equity Simple (ROE_SIMPLE)	7.37%	10.49%	12.69%	10.80%	11.19%	11.44%	11.87%	12.36%	11.33%	12.27%
Net Operating Profit after Tax (NOPAT)	745	1,059	1,347	1,266	1,379	1,434	1,486	1,566	1,654	1,879
NOPAT Margin	12.58%	14.17%	17.62%	16.48%	18.34%	19.80%	17.87%	16.31%	18.60%	21.85%
Net Nonoperating Expense Percent (NNEP)	1.01%	1.34%	1.57%	2.11%	2.33%	1.98%	1.42%	1.07%	2.02%	2.06%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.45%	5.44%	5.79%
Cost of Revenue to Revenue	66.64%	35.43%	36.91%	37.74%	35.61%	32.03%	39.81%	45.42%	35.88%	30.88%
SG&A Expenses to Revenue	0.00%	29.06%	26.88%	29.57%	29.04%	28.06%	24.12%	20.19%	23.62%	25.09%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.25%	41.87%	39.87%	43.14%	44.04%	44.41%	39.56%	34.53%	42.66%	44.08%
Earnings before Interest and Taxes (EBIT)	1,309	1,763	1,850	1,539	1,634	1,786	1,848	2,053	2,086	2,331
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,893	2,526	2,648	2,385	2,560	2,762	2,922	3,176	3,350	3,686
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.40	1.61	1.77	1.85	2.45	2.43	2.53	2.39	2.16	2.38
Price to Tangible Book Value (P/TBV)	2.15	2.44	2.62	2.69	3.51	3.43	3.51	3.27	2.92	3.16
Price to Revenue (P/Rev)	2.05	1.92	2.19	2.36	3.30	3.51	3.32	2.84	2.85	3.43
Price to Earnings (P/E)	19.00	15.26	13.94	17.09	21.87	21.18	21.24	19.34	19.02	19.31
Dividend Yield	4.54%	4.36%	3.91%	3.85%	3.00%	3.14%	3.10%	4.21%	3.89%	3.58%
Earnings Yield	5.26%	6.55%	7.17%	5.85%	4.57%	4.72%	4.71%	5.17%	5.26%	5.18%
Enterprise Value to Invested Capital (EV/IC)	1.20	1.31	1.39	1.42	1.69	1.65	1.67	1.59	1.47	1.56
Enterprise Value to Revenue (EV/Rev)	3.56	3.09	3.43	3.67	4.77	5.26	5.00	4.46	4.75	5.56
Enterprise Value to EBITDA (EV/EBITDA)	11.15	9.13	9.91	11.83	14.03	13.80	14.24	13.49	12.62	12.97
Enterprise Value to EBIT (EV/EBIT)	16.12	13.08	14.19	18.33	21.99	21.34	22.51	20.86	20.27	20.51
Enterprise Value to NOPAT (EV/NOPAT)	28.32	21.78	19.49	22.28	26.04	26.58	28.00	27.36	25.56	25.44
Enterprise Value to Operating Cash Flow (EV/OCF)	16.32	10.96	12.63	11.53	15.31	17.36	20.47	20.78	14.01	14.88
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	22.27	381.15	92.01	894.86	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.19	1.14	1.16	1.20	1.24	1.34	1.40	1.49	1.55	1.56
Long-Term Debt to Equity	1.05	1.02	0.92	1.02	1.09	1.10	1.22	1.27	1.27	1.34
Financial Leverage	2.39	1.00	0.98	1.01	1.05	1.12	1.21	1.28	1.35	1.39
Leverage Ratio	5.08	3.37	3.34	3.37	3.40	3.44	3.49	3.56	3.62	3.67
Compound Leverage Factor	4.16	2.88	2.87	2.69	2.63	2.75	2.83	3.00	2.67	2.75
Debt to Total Capital	54.44%	53.18%	53.76%	54.52%	55.39%	57.27%	58.38%	59.82%	60.71%	61.00%
Short-Term Debt to Total Capital	6.57%	5.32%	11.14%	8.34%	6.63%	10.27%	7.74%	8.75%	10.69%	8.67%
Long-Term Debt to Total Capital	47.87%	47.86%	42.61%	46.18%	48.77%	47.00%	50.64%	51.07%	50.02%	52.33%
Preferred Equity to Total Capital	0.16%	0.16%	0.15%	0.14%	0.13%	0.12%	0.11%	0.11%	0.10%	0.09%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.11%	0.48%	0.65%	0.64%	0.72%	1.03%	1.15%
Common Equity to Total Capital	45.40%	46.67%	46.10%	45.23%	43.99%	41.96%	40.87%	39.35%	38.16%	37.76%
Debt to EBITDA	5.48	4.03	4.17	4.95	4.97	5.18	5.33	5.45	5.57	5.43
Net Debt to EBITDA	4.73	3.44	3.56	4.21	4.29	4.53	4.72	4.84	4.96	4.86
Long-Term Debt to EBITDA	4.82	3.63	3.30	4.19	4.38	4.25	4.63	4.65	4.59	4.66
Debt to NOPAT	13.92	9.61	8.19	9.32	9.23	9.97	10.49	11.05	11.28	10.66
Net Debt to NOPAT	12.00	8.21	7.01	7.94	7.96	8.72	9.28	9.81	10.04	9.53
Long-Term Debt to NOPAT	12.24	8.65	6.49	7.90	8.13	8.18	9.10	9.43	9.29	9.14
Altman Z-Score	0.89	1.05	1.06	1.03	1.17	1.11	1.17	1.13	1.02	1.05
Noncontrolling Interest Sharing Ratio	0.70%	0.34%	0.33%	0.44%	0.97%	1.60%	1.80%	1.93%	2.48%	3.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.81	0.89	0.57	0.67	0.66	0.50	0.71	0.69	0.55	0.60
Quick Ratio	0.40	0.53	0.36	0.41	0.38	0.30	0.41	0.40	0.30	0.35
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4,989	1,035	69	307	40	-499	-248	-510	-48	-153
Operating Cash Flow to CapEx	102.16%	147.77%	106.08%	115.59%	103.75%	88.59%	90.23%	89.02%	102.82%	115.49%
Free Cash Flow to Firm to Interest Expense	-15.05	2.57	0.17	0.69	0.08	-0.94	-0.49	-0.99	-0.07	-0.19
Operating Cash Flow to Interest Expense	3.90	5.22	5.00	5.49	4.68	4.13	4.01	4.00	4.15	4.05
Operating Cash Flow Less CapEx to Interest Expense	0.08	1.69	0.29	0.74	0.17	-0.53	-0.43	-0.49	0.11	0.54
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.25	0.25	0.24	0.22	0.20	0.22	0.24	0.21	0.19
Accounts Receivable Turnover	7.09	6.58	5.90	5.84	6.12	6.09	6.14	5.77	5.35	5.42
Inventory Turnover	7.26	4.15	5.01	5.33	4.88	4.30	5.69	6.04	4.03	3.34
Fixed Asset Turnover	0.39	0.38	0.37	0.35	0.33	0.29	0.32	0.34	0.29	0.26
Accounts Payable Turnover	6.70	3.16	3.28	3.34	3.00	2.59	3.51	3.96	3.05	2.61
Days Sales Outstanding (DSO)	51.49	55.45	61.86	62.54	59.61	59.96	59.44	63.21	68.17	67.32
Days Inventory Outstanding (DIO)	50.26	87.87	72.84	68.47	74.80	84.85	64.18	60.41	90.49	109.14
Days Payable Outstanding (DPO)	54.47	115.60	111.29	109.35	121.57	140.74	103.98	92.27	119.79	139.74
Cash Conversion Cycle (CCC)	47.28	27.72	23.40	21.66	12.84	4.07	19.64	31.35	38.86	36.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	17,631	17,654	18,933	19,892	21,231	23,164	24,898	26,973	28,675	30,707
Invested Capital Turnover	0.40	0.42	0.42	0.40	0.37	0.33	0.35	0.37	0.32	0.29
Increase / (Decrease) in Invested Capital	5,735	23	1,278	959	1,339	1,933	1,734	2,075	1,702	2,032
Enterprise Value (EV)	21,108	23,058	26,255	28,205	35,919	38,112	41,602	42,829	42,278	47,806
Market Capitalization	12,132	14,334	16,783	18,102	24,801	25,417	27,618	27,233	25,328	29,494
Book Value per Share	$27.42	$28.29	$29.98	$31.02	$32.06	$33.19	$34.60	$36.07	$37.17	$39.18
Tangible Book Value per Share	$17.84	$18.64	$20.31	$21.35	$22.38	$23.51	$24.92	$26.39	$27.49	$29.53
Total Capital	19,062	19,136	20,525	21,642	22,990	24,953	26,703	28,911	30,724	32,826
Total Debt	10,377	10,176	11,033	11,799	12,735	14,291	15,590	17,295	18,652	20,024
Total Long-Term Debt	9,124	9,158	8,747	9,994	11,211	11,728	13,524	14,766	15,367	17,178
Net Debt	8,946	8,694	9,441	10,049	10,977	12,502	13,784	15,356	16,603	17,905
Capital Expenditures (CapEx)	1,266	1,424	1,960	2,116	2,261	2,479	2,253	2,315	2,936	2,781
Debt-free, Cash-free Net Working Capital (DFCFNWC)	701	717	592	637	397	473	954	1,076	923	906
Debt-free Net Working Capital (DFNWC)	751	755	631	721	435	498	970	1,105	966	915
Net Working Capital (NWC)	-502	-263	-1,656	-1,084	-1,089	-2,065	-1,096	-1,423	-2,319	-1,930
Net Nonoperating Expense (NNE)	105	118	142	205	245	233	187	156	322	355
Net Nonoperating Obligations (NNO)	8,946	8,694	9,441	10,049	10,977	12,502	13,784	15,356	16,603	17,905
Total Depreciation and Amortization (D&A)	584	763	799	846	926	976	1,074	1,123	1,264	1,355
Debt-free, Cash-free Net Working Capital to Revenue	11.82%	9.60%	7.74%	8.29%	5.28%	6.53%	11.47%	11.21%	10.38%	10.53%
Debt-free Net Working Capital to Revenue	12.66%	10.10%	8.25%	9.39%	5.78%	6.87%	11.67%	11.51%	10.86%	10.64%
Net Working Capital to Revenue	-8.47%	-3.52%	-21.65%	-14.12%	-14.48%	-28.52%	-13.18%	-14.83%	-26.08%	-22.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.36	$2.98	$3.81	$0.00	$3.60	$3.80	$4.12	$4.46	$4.22	$4.83
Adjusted Weighted Average Basic Shares Outstanding	271.10M	315.60M	315.60M	315.50M	315.40M	315.40M	315.40M	315.40M	315.40M	316.20M
Adjusted Diluted Earnings per Share	$2.34	$2.96	$3.79	$0.00	$3.58	$3.79	$4.11	$4.45	$4.22	$4.83
Adjusted Weighted Average Diluted Shares Outstanding	272.70M	316.90M	317.20M	316.90M	316.70M	316.50M	316.30M	316.10M	315.90M	316.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.60	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	315.65M	315.59M	315.54M	315.46M	315.43M	315.43M	315.43M	315.43M	315.56M	317.75M
Normalized Net Operating Profit after Tax (NOPAT)	745	1,059	1,347	1,266	1,379	1,434	1,486	1,566	1,809	1,890
Normalized NOPAT Margin	12.58%	14.17%	17.62%	16.48%	18.34%	19.80%	17.87%	16.31%	20.34%	21.97%
Pre Tax Income Margin	18.12%	20.16%	20.77%	16.02%	16.74%	19.74%	18.02%	18.05%	17.28%	20.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.95	4.38	4.45	3.46	3.26	3.36	3.64	3.99	2.87	2.94
NOPAT to Interest Expense	2.25	2.63	3.24	2.84	2.75	2.70	2.93	3.04	2.28	2.37
EBIT Less CapEx to Interest Expense	0.13	0.84	-0.26	-1.30	-1.25	-1.30	-0.80	-0.51	-1.17	-0.57
NOPAT Less CapEx to Interest Expense	-1.57	-0.91	-1.47	-1.91	-1.76	-1.96	-1.51	-1.45	-1.76	-1.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	71.12%	66.46%	54.49%	65.75%	65.61%	66.42%	65.83%	65.11%	73.91%	71.13%
Augmented Payout Ratio	82.79%	77.95%	60.40%	72.58%	77.96%	77.26%	68.38%	70.02%	75.15%	71.34%

This table displays calculated financial ratios and metrics derived from WEC Energy Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.69%	16.19%	-0.69%	-14.00%	-2.28%	-13.32%	-7.20%	-3.17%	-4.80%	3.01%
EBITDA Growth	4.72%	9.77%	-3.19%	11.29%	15.98%	1.86%	17.26%	-5.78%	-7.90%	38.12%
EBIT Growth	5.71%	14.57%	-7.90%	10.65%	17.07%	-6.48%	20.76%	-14.40%	-16.76%	64.97%
NOPAT Growth	-1.97%	2.97%	-2.28%	8.92%	21.86%	0.78%	22.08%	-16.43%	-14.48%	67.59%
Net Income Growth	4.50%	12.69%	-10.63%	0.76%	4.61%	-13.36%	22.66%	-27.59%	-24.40%	107.37%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-61.96%	-95.38%	-26.07%	39.72%	164.10%	39,900.00%	8.48%	8.27%	-7.03%	21.21%
Free Cash Flow Firm Growth	-11.26%	-23.21%	-4,186.89%	-423.22%	-18.71%	21.28%	87.81%	80.82%	58.18%	-8.66%
Invested Capital Growth	8.77%	8.34%	13.79%	13.49%	9.62%	6.31%	3.78%	3.12%	4.28%	7.09%
Revenue Q/Q Growth	-5.87%	27.73%	12.89%	-36.64%	6.96%	13.29%	20.87%	-33.89%	5.16%	22.58%
EBITDA Q/Q Growth	1.64%	-2.71%	45.15%	-22.46%	5.92%	-14.55%	67.10%	-37.69%	3.53%	28.14%
EBIT Q/Q Growth	2.55%	-5.42%	71.07%	-33.31%	8.49%	-24.45%	120.89%	-52.72%	5.50%	49.73%
NOPAT Q/Q Growth	-2.81%	-5.18%	89.45%	-37.61%	8.73%	-21.58%	129.48%	-57.29%	11.28%	53.67%
Net Income Q/Q Growth	4.83%	-16.41%	101.27%	-42.87%	8.83%	-30.77%	184.94%	-66.27%	13.62%	89.90%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-56.71%	-99.60%	66,241.67%	20.36%	-18.17%	-38.78%	79.92%	20.13%	-29.73%	-20.19%
Free Cash Flow Firm Q/Q Growth	-209.23%	-0.59%	-58.27%	-6.28%	29.84%	33.30%	77.81%	-67.18%	-52.96%	-73.32%
Invested Capital Q/Q Growth	4.36%	4.52%	3.42%	0.61%	0.79%	1.36%	0.45%	-0.03%	1.93%	4.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	59.81%	51.71%	54.65%	70.87%	69.99%	65.68%	65.41%	73.49%	72.05%	67.67%
EBITDA Margin	35.91%	27.35%	35.17%	43.03%	42.61%	32.14%	44.43%	41.87%	41.22%	43.10%
Operating Margin	20.18%	14.87%	23.17%	23.24%	24.11%	15.40%	30.35%	20.59%	20.59%	25.87%
EBIT Margin	21.91%	16.23%	24.59%	25.88%	26.25%	17.51%	31.99%	22.88%	22.95%	28.04%
Profit (Net Income) Margin	15.06%	9.86%	17.58%	15.85%	16.12%	9.85%	23.23%	11.85%	12.80%	19.84%
Tax Burden Percent	80.43%	81.04%	87.26%	85.67%	83.94%	91.00%	87.65%	83.47%	88.31%	88.12%
Interest Burden Percent	85.46%	74.97%	81.92%	71.47%	73.18%	61.85%	82.83%	62.06%	63.18%	80.29%
Effective Tax Rate	19.57%	18.96%	12.74%	14.33%	16.06%	9.00%	12.35%	16.53%	11.70%	11.88%
Return on Invested Capital (ROIC)	6.06%	4.46%	7.39%	7.00%	6.91%	4.48%	8.13%	5.20%	5.37%	6.60%
ROIC Less NNEP Spread (ROIC-NNEP)	5.88%	4.07%	6.86%	6.49%	6.38%	3.90%	7.57%	4.62%	4.77%	6.21%
Return on Net Nonoperating Assets (RNNOA)	6.97%	5.22%	8.51%	8.12%	8.20%	5.26%	10.08%	6.18%	6.48%	8.62%
Return on Equity (ROE)	13.02%	9.68%	15.90%	15.12%	15.11%	9.74%	18.21%	11.38%	11.85%	15.22%
Cash Return on Invested Capital (CROIC)	-2.14%	-1.97%	-6.98%	-6.65%	-3.06%	-0.17%	2.57%	2.98%	1.58%	-0.52%
Operating Return on Assets (OROA)	5.12%	3.85%	5.76%	5.81%	5.76%	3.63%	6.41%	4.51%	4.42%	5.28%
Return on Assets (ROA)	3.52%	2.34%	4.12%	3.56%	3.54%	2.04%	4.65%	2.33%	2.47%	3.74%
Return on Common Equity (ROCE)	12.79%	9.49%	15.54%	14.80%	14.76%	9.50%	17.74%	11.08%	11.53%	14.76%
Return on Equity Simple (ROE_SIMPLE)	12.16%	0.00%	11.60%	11.57%	11.59%	0.00%	11.91%	11.28%	10.65%	0.00%
Net Operating Profit after Tax (NOPAT)	325	308	584	364	396	311	713	304	339	521
NOPAT Margin	16.23%	12.05%	20.22%	19.91%	20.24%	14.01%	26.60%	17.18%	18.18%	22.80%
Net Nonoperating Expense Percent (NNEP)	0.17%	0.38%	0.53%	0.51%	0.53%	0.58%	0.56%	0.58%	0.60%	0.39%
Return On Investment Capital (ROIC_SIMPLE)	-	1.07%	-	-	-	1.02%	-	-	-	1.60%
Cost of Revenue to Revenue	40.19%	48.29%	45.35%	29.13%	30.01%	34.32%	34.59%	26.51%	27.95%	32.33%
SG&A Expenses to Revenue	22.68%	22.68%	18.49%	27.10%	26.39%	24.98%	19.80%	30.10%	30.42%	23.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.63%	36.84%	31.48%	47.63%	45.88%	50.28%	35.06%	52.91%	51.46%	41.80%
Earnings before Interest and Taxes (EBIT)	439	415	710	474	514	388	858	405	428	640
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	719	700	1,016	788	834	713	1,191	742	768	984
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.29	2.39	2.43	2.27	2.08	2.16	2.10	2.03	2.52	2.38
Price to Tangible Book Value (P/TBV)	3.13	3.27	3.29	3.07	2.81	2.92	2.80	2.72	3.37	3.16
Price to Revenue (P/Rev)	2.81	2.84	2.95	2.86	2.64	2.85	2.93	2.85	3.56	3.43
Price to Earnings (P/E)	18.85	19.34	20.93	19.61	17.88	19.02	17.57	17.94	23.53	19.31
Dividend Yield	3.47%	4.21%	4.12%	4.45%	4.90%	3.89%	3.94%	4.16%	3.42%	3.58%
Earnings Yield	5.30%	5.17%	4.78%	5.10%	5.59%	5.26%	5.69%	5.57%	4.25%	5.18%
Enterprise Value to Invested Capital (EV/IC)	1.57	1.59	1.60	1.53	1.45	1.47	1.46	1.43	1.61	1.56
Enterprise Value to Revenue (EV/Rev)	4.38	4.46	4.65	4.62	4.44	4.75	4.86	4.80	5.58	5.56
Enterprise Value to EBITDA (EV/EBITDA)	13.00	13.49	14.16	13.31	12.27	12.62	11.98	11.90	13.95	12.97
Enterprise Value to EBIT (EV/EBIT)	20.23	20.86	22.34	21.05	19.39	20.27	18.92	19.13	22.91	20.51
Enterprise Value to NOPAT (EV/NOPAT)	26.09	27.36	28.68	27.13	24.76	25.56	23.69	24.00	28.56	25.44
Enterprise Value to Operating Cash Flow (EV/OCF)	19.40	20.78	25.00	20.90	16.13	14.01	13.69	13.08	15.31	14.88
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	57.94	48.70	104.32	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.41	1.49	1.50	1.51	1.51	1.55	1.50	1.52	1.56	1.56
Long-Term Debt to Equity	1.29	1.27	1.32	1.30	1.32	1.27	1.24	1.36	1.36	1.34
Financial Leverage	1.18	1.28	1.24	1.25	1.29	1.35	1.33	1.34	1.36	1.39
Leverage Ratio	3.49	3.56	3.49	3.52	3.56	3.62	3.56	3.59	3.62	3.67
Compound Leverage Factor	2.98	2.67	2.86	2.52	2.60	2.24	2.95	2.23	2.29	2.95
Debt to Total Capital	58.55%	59.82%	59.95%	60.10%	60.09%	60.71%	59.94%	60.30%	60.91%	61.00%
Short-Term Debt to Total Capital	5.11%	8.75%	6.93%	8.20%	7.46%	10.69%	10.36%	6.15%	7.64%	8.67%
Long-Term Debt to Total Capital	53.44%	51.07%	53.02%	51.89%	52.63%	50.02%	49.57%	54.16%	53.28%	52.33%
Preferred Equity to Total Capital	0.00%	0.11%	0.00%	0.00%	0.10%	0.10%	0.10%	0.10%	0.10%	0.09%
Noncontrolling Interests to Total Capital	0.75%	0.72%	1.07%	1.06%	1.05%	1.03%	0.91%	0.90%	0.88%	1.15%
Common Equity to Total Capital	40.70%	39.35%	38.98%	38.84%	38.76%	38.16%	39.05%	38.70%	38.11%	37.76%
Debt to EBITDA	5.25	5.45	5.70	5.61	5.46	5.57	5.27	5.41	5.66	5.43
Net Debt to EBITDA	4.57	4.84	5.07	4.99	4.85	4.96	4.69	4.76	4.95	4.86
Long-Term Debt to EBITDA	4.79	4.65	5.04	4.84	4.78	4.59	4.36	4.86	4.95	4.66
Debt to NOPAT	10.53	11.05	11.53	11.43	11.02	11.28	10.43	10.91	11.58	10.66
Net Debt to NOPAT	9.18	9.81	10.27	10.16	9.79	10.04	9.27	9.59	10.14	9.53
Long-Term Debt to NOPAT	9.61	9.43	10.20	9.87	9.65	9.29	8.62	9.80	10.13	9.14
Altman Z-Score	1.03	1.00	1.05	0.97	0.92	0.89	0.94	0.91	0.98	0.93
Noncontrolling Interest Sharing Ratio	1.80%	1.93%	2.23%	2.09%	2.36%	2.48%	2.60%	2.59%	2.68%	3.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.82	0.69	0.75	0.60	0.60	0.55	0.55	0.74	0.65	0.60
Quick Ratio	0.46	0.40	0.48	0.33	0.32	0.30	0.34	0.42	0.37	0.35
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,757	-1,767	-2,797	-2,972	-2,085	-1,391	-341	-570	-872	-1,512
Operating Cash Flow to CapEx	44.19%	0.20%	84.51%	166.85%	119.56%	62.88%	194.29%	149.50%	91.55%	68.74%
Free Cash Flow to Firm to Interest Expense	-13.78	-11.76	-16.24	-16.63	-11.43	-7.19	-1.78	-2.84	-4.27	-7.74
Operating Cash Flow to Interest Expense	2.33	0.01	4.62	5.36	4.30	2.48	4.50	5.17	3.57	2.98
Operating Cash Flow Less CapEx to Interest Expense	-2.94	-4.08	-0.85	2.15	0.70	-1.46	2.18	1.71	-0.33	-1.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.23	0.24	0.23	0.22	0.22	0.21	0.20	0.20	0.19	0.19
Accounts Receivable Turnover	7.62	5.77	5.61	6.72	7.20	5.35	5.20	6.75	7.06	5.42
Inventory Turnover	5.20	6.04	9.60	6.60	4.38	4.03	4.96	4.23	3.48	3.34
Fixed Asset Turnover	0.33	0.34	0.33	0.32	0.31	0.29	0.28	0.27	0.27	0.26
Accounts Payable Turnover	4.02	3.96	6.24	4.25	3.62	3.05	4.25	3.55	3.33	2.61
Days Sales Outstanding (DSO)	47.90	63.21	65.10	54.34	50.70	68.17	70.13	54.11	51.73	67.32
Days Inventory Outstanding (DIO)	70.20	60.41	38.00	55.26	83.37	90.49	73.56	86.39	104.91	109.14
Days Payable Outstanding (DPO)	90.79	92.27	58.50	85.85	100.86	119.79	85.83	102.93	109.58	139.74
Cash Conversion Cycle (CCC)	27.32	31.35	44.60	23.75	33.21	38.86	57.87	37.56	47.06	36.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	25,808	26,973	27,897	28,067	28,289	28,675	28,951	28,941	29,500	30,707
Invested Capital Turnover	0.37	0.37	0.37	0.35	0.34	0.32	0.31	0.30	0.30	0.29
Increase / (Decrease) in Invested Capital	2,082	2,075	3,381	3,337	2,482	1,702	1,054	875	1,211	2,032
Enterprise Value (EV)	40,464	42,829	44,507	42,897	40,956	42,278	42,249	41,406	47,616	47,806
Market Capitalization	26,011	27,233	28,247	26,512	24,420	25,328	25,411	24,548	30,401	29,494
Book Value per Share	$36.00	$36.07	$36.89	$37.03	$37.26	$37.17	$38.38	$38.26	$38.22	$39.18
Tangible Book Value per Share	$26.32	$26.39	$27.21	$27.35	$27.58	$27.49	$28.71	$28.59	$28.57	$29.53
Total Capital	27,903	28,911	29,854	30,077	30,319	30,724	31,017	31,221	31,701	32,826
Total Debt	16,337	17,295	17,897	18,076	18,219	18,652	18,591	18,827	19,310	20,024
Total Long-Term Debt	14,911	14,766	15,827	15,608	15,957	15,367	15,376	16,908	16,889	17,178
Net Debt	14,242	15,356	15,939	16,066	16,189	16,603	16,525	16,547	16,907	17,905
Capital Expenditures (CapEx)	672	614	942	574	656	763	445	694	796	846
Debt-free, Cash-free Net Working Capital (DFCFNWC)	609	1,076	1,106	774	586	923	1,071	787	708	906
Debt-free Net Working Capital (DFNWC)	828	1,105	1,142	829	632	966	1,110	1,011	1,031	915
Net Working Capital (NWC)	-599	-1,423	-927	-1,639	-1,630	-2,319	-2,105	-908	-1,390	-1,930
Net Nonoperating Expense (NNE)	23	56	76	74	81	92	90	94	100	68
Net Nonoperating Obligations (NNO)	14,242	15,356	15,939	16,066	16,189	16,603	16,525	16,547	17,109	17,905
Total Depreciation and Amortization (D&A)	280	285	306	314	320	325	333	337	341	344
Debt-free, Cash-free Net Working Capital to Revenue	6.58%	11.21%	11.55%	8.34%	6.35%	10.38%	12.33%	9.12%	8.30%	10.53%
Debt-free Net Working Capital to Revenue	8.96%	11.51%	11.92%	8.93%	6.85%	10.86%	12.78%	11.72%	12.08%	10.64%
Net Working Capital to Revenue	-6.48%	-14.83%	-9.68%	-17.67%	-17.65%	-26.08%	-24.24%	-10.52%	-16.29%	-22.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	315.40M	315.40M	315.40M	315.40M	315.40M	315.40M	315.60M	315.90M	316.20M	316.20M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	316.20M	316.10M	315.90M	315.90M	315.80M	315.90M	315.90M	316.20M	316.50M	316.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	315.43M	315.43M	315.43M	315.43M	315.43M	315.56M	315.82M	316.08M	316.35M	317.75M
Normalized Net Operating Profit after Tax (NOPAT)	325	308	584	364	396	311	713	304	339	521
Normalized NOPAT Margin	16.23%	12.05%	20.22%	19.91%	20.24%	14.01%	26.60%	17.18%	18.18%	22.80%
Pre Tax Income Margin	18.73%	12.16%	20.14%	18.50%	19.21%	10.83%	26.50%	14.20%	14.50%	22.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.44	2.76	4.12	2.65	2.82	2.01	4.47	2.02	2.09	3.28
NOPAT to Interest Expense	2.55	2.05	3.39	2.04	2.17	1.61	3.71	1.52	1.66	2.66
EBIT Less CapEx to Interest Expense	-1.83	-1.33	-1.35	-0.56	-0.78	-1.94	2.15	-1.44	-1.81	-1.05
NOPAT Less CapEx to Interest Expense	-2.72	-2.04	-2.08	-1.17	-1.42	-2.34	1.40	-1.94	-2.24	-1.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	65.31%	65.11%	69.25%	70.37%	70.86%	73.91%	71.18%	76.64%	82.61%	71.13%
Augmented Payout Ratio	71.51%	70.02%	73.16%	72.61%	71.71%	75.15%	71.98%	77.39%	83.31%	71.34%

Frequently Asked Questions About WEC Energy Group's Financials

When does WEC Energy Group's fiscal year end?

According to the most recent income statement we have on file, WEC Energy Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has WEC Energy Group's net income changed over the last 9 years?

WEC Energy Group's net income appears to be on an upward trend, with a most recent value of $1.52 billion in 2024, rising from $640.30 million in 2015. The previous period was $1.33 billion in 2023. Find out what analysts predict for WEC Energy Group in the coming months.

What is WEC Energy Group's operating income?

WEC Energy Group's total operating income in 2024 was $2.15 billion, based on the following breakdown:

Total Gross Profit: $5.94 billion
Total Operating Expenses: $3.79 billion

How has WEC Energy Group revenue changed over the last 9 years?

Over the last 9 years, WEC Energy Group's total revenue changed from $5.93 billion in 2015 to $8.60 billion in 2024, a change of 45.1%.

How much debt does WEC Energy Group have?

WEC Energy Group's total liabilities were at $34.56 billion at the end of 2024, a 8.5% increase from 2023, and a 67.2% increase since 2015.

How much cash does WEC Energy Group have?

In the past 9 years, WEC Energy Group's cash and equivalents has ranged from $9.80 million in 2024 to $84.50 million in 2018, and is currently $9.80 million as of their latest financial filing in 2024.

How has WEC Energy Group's book value per share changed over the last 9 years?

Over the last 9 years, WEC Energy Group's book value per share changed from 27.42 in 2015 to 39.18 in 2024, a change of 42.9%.

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This page (NYSE:WEC) was last updated on 5/6/2025 by MarketBeat.com Staff

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WEC Energy Group (WEC) Financials

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WEC Energy Group (WEC) Financials

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