WEC Energy Group (WEC) Financials

$105.99 +0.69 (+0.66%)

Closing price 05/29/2025 03:59 PM Eastern

Extended Trading

$104.69 -1.30 (-1.23%)

As of 05/29/2025 06:01 PM Eastern

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	724	454	240	211	622	219	316	290	508	253	302
Consolidated Net Income / (Loss)	726	453	239	210	623	219	316	290	508	252	302
Net Income / (Loss) Continuing Operations	726	453	239	210	623	219	316	290	508	252	302
Total Pre-Tax Income	786	514	270	252	710	240	376	339	582	311	375
Total Operating Income	938	591	384	365	813	341	472	425	669	380	404
Total Gross Profit	1,984	1,546	1,343	1,302	1,753	1,456	1,370	1,297	1,578	1,323	1,198
Total Revenue	3,150	2,284	1,864	1,772	2,680	2,218	1,957	1,830	2,888	2,558	2,003
Operating Revenue	3,150	2,284	1,864	1,772	2,680	2,218	1,957	1,830	2,888	2,558	2,003
Total Cost of Revenue	1,166	738	521	470	927	761	587	533	1,310	1,235	805
Operating Cost of Revenue	1,166	738	521	470	927	761	587	533	1,310	1,235	805
Total Operating Expenses	1,046	955	959	938	940	1,115	898	872	909	943	794
Selling, General & Admin Expense	608	527	567	533	531	554	517	496	534	580	454
Depreciation Expense	360	344	341	337	333	325	320	314	306	285	280
Other Operating Expenses / (Income)	78	72	52	68	76	58	61	62	70	78	59
Total Other Income / (Expense), net	-151	-77	-114	-113	-103	-101	-96	-87	-88	-69	-29
Interest Expense	223	195	204	201	192	194	183	179	172	150	128
Interest & Investment Income	54	69	47	47	45	45	45	44	44	46	64
Other Income / (Expense), net	18	50	44	41	44	47	42	48	41	35	35
Income Tax Expense	61	61	32	42	88	22	60	49	74	59	73
Preferred Stock Dividends Declared	0.30	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	1.00	-0.70	-1.80	-1.60	0.00	-0.30	-0.70	0.00	-0.20	-0.80	-0.60
Weighted Average Basic Shares Outstanding	318.20M	316.20M	316.20M	315.90M	315.60M	315.40M	315.40M	315.40M	315.40M	315.40M	315.40M
Weighted Average Diluted Shares Outstanding	319.30M	316.50M	316.50M	316.20M	315.90M	315.90M	315.80M	315.90M	315.90M	316.10M	316.20M
Weighted Average Basic & Diluted Shares Outstanding	319.13M	317.75M	316.35M	316.08M	315.82M	315.56M	315.43M	315.43M	315.43M	315.43M	315.43M
Cash Dividends to Common per Share	$0.89	-	$0.84	$0.84	$0.84	-	$0.78	$0.78	$0.78	-	$0.73

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	101	-319	58	187	-49	24	1.30	12	-54	66	11
Net Cash From Operating Activities	1,163	582	729	1,037	864	480	784	958	796	1.20	297
Net Cash From Continuing Operating Activities	1,163	582	729	1,037	864	480	784	958	796	1.20	297
Net Income / (Loss) Continuing Operations	726	453	239	210	623	219	316	290	508	252	302
Consolidated Net Income / (Loss)	726	453	239	210	623	219	316	290	508	252	302
Depreciation Expense	360	344	341	337	333	325	320	314	306	285	280
Non-Cash Adjustments To Reconcile Net Income	67	15	-30	-31	-13	115	-21	23	-12	-97	-108
Changes in Operating Assets and Liabilities, net	10	-231	180	522	-79	-178	169	331	-5.10	-439	-177
Net Cash From Investing Activities	-1,102	-1,749	-802	-815	-436	-787	-670	-834	-1,268	-657	-1,048
Net Cash From Continuing Investing Activities	-1,102	-1,749	-802	-815	-436	-787	-670	-834	-1,268	-657	-1,048
Purchase of Property, Plant & Equipment	-701	-846	-796	-694	-445	-763	-656	-574	-942	-614	-672
Acquisitions	-406	-894	0.30	-98	0.00	136	-95	-144	-325	-19	-363
Purchase of Investments	-42	-	-15	-18	-12	-12	-18	-27	-6.10	-6.10	-9.10
Sale and/or Maturity of Investments	17	-	-	-	15	-	-	-	10	-	-
Other Investing Activities, net	31	5.10	8.50	-5.20	5.60	-139	99	-119	-4.80	-1.70	-8.50
Net Cash From Financing Activities	40	849	132	-36	-477	330	-113	-113	418	722	763
Net Cash From Continuing Financing Activities	40	849	132	-36	-477	330	-113	-113	418	722	763
Repayment of Debt	-23	-2,222	-60	-52	-759	-13	-924	-44	-45	-36	-27
Repurchase of Common Equity	-1.30	-	-	-1.20	-2.00	-5.90	-1.20	-2.60	-6.90	-0.90	-20
Payment of Dividends	-284	-265	-264	-264	-292	-246	-246	-246	-246	-229	-230
Issuance of Debt	210	3,213	434	261	553	592	1,058	179	715	987	1,029
Issuance of Common Equity	117	112	13	19	19	-	-	-	0.00	-	-
Other Financing Activities, net	21	10	8.70	1.00	3.70	3.30	0.70	1.40	0.90	0.50	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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	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
Total Assets	47,363	43,940	41,872	38,989	37,028	34,952	33,476	31,591	30,123	29,355
Total Current Assets	2,912	2,796	3,188	2,657	2,083	2,094	2,248	2,214	2,169	2,207
Cash & Equivalents	9.80	43	29	16	25	38	85	39	38	50
Accounts Receivable	1,669	1,503	1,818	1,506	1,203	1,177	1,281	1,351	1,242	1,029
Inventories, net	813	775	807	636	529	550	548	539	588	687
Prepaid Expenses	83	77	70	63	263	262	257	210	204	286
Current Deferred & Refundable Income Taxes	215	174	202	182	-	-	-	-	-	-
Other Current Assets	122	224	262	253	63	68	77	75	98	156
Plant, Property, & Equipment, net	34,645	31,582	29,114	26,982	25,707	23,620	22,001	21,347	19,916	19,190
Total Noncurrent Assets	9,806	9,563	9,571	9,349	9,238	9,238	9,227	8,030	8,039	7,959
Long-Term Investments	2,109	2,006	1,909	1,789	1,764	1,721	1,665	1,553	1,444	1,381
Goodwill	3,053	3,053	3,053	3,053	3,053	3,053	3,053	3,054	3,046	3,024
Employee Benefit Assets	969	871	917	881	601	-	-	-	-	-
Other Noncurrent Operating Assets	3,676	3,633	3,692	3,626	3,820	4,465	4,509	3,423	3,549	3,554
Total Liabilities & Shareholders' Equity	47,363	43,940	41,872	38,989	37,028	34,952	33,476	31,591	30,123	29,355
Total Liabilities	34,561	31,868	30,256	27,875	26,366	24,697	23,633	22,099	21,163	20,670
Total Current Liabilities	4,842	5,115	4,611	3,753	4,148	3,183	3,332	3,869	2,432	2,709
Short-Term Debt	2,846	3,285	2,528	2,066	2,563	1,524	1,805	2,287	1,017	1,253
Accounts Payable	1,137	897	1,198	1,006	881	908	876	860	862	815
Other Current Liabilities	859	933	885	681	705	551	465	554	389	471
Total Noncurrent Liabilities	29,719	26,753	25,645	24,122	22,218	21,515	20,301	18,229	18,731	17,961
Long-Term Debt	17,178	15,367	14,766	13,524	11,728	11,211	9,994	8,747	9,158	9,124
Asset Retirement Reserve & Litigation Obligation	4,984	4,536	4,714	4,479	4,461	4,582	4,868	4,336	2,197	2,020
Noncurrent Deferred Revenue	335	356	371	389	412	497	520	543	566	579
Noncurrent Deferred & Payable Income Tax Liabilities	5,515	4,919	4,626	4,309	4,060	3,769	3,388	3,000	5,147	4,622
Other Noncurrent Operating Liabilities	1,708	1,576	996	1,203	1,229	1,129	1,108	1,206	1,164	1,072
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	377	317	209	170	162	111	23	0.00	-	-
Total Equity & Noncontrolling Interests	12,425	11,755	11,407	10,944	10,500	10,144	9,819	9,492	8,960	8,685
Total Preferred & Common Equity	12,425	11,755	11,407	10,944	10,500	10,144	9,819	9,492	8,960	8,685
Preferred Stock	30	30	30	30	30	30	30	30	30	30
Total Common Equity	12,395	11,724	11,377	10,913	10,470	10,113	9,789	9,461	8,930	8,655
Common Stock	4,319	4,119	4,118	4,141	4,147	4,190	4,253	4,282	4,313	4,350
Retained Earnings	8,084	7,613	7,265	6,775	6,330	5,928	5,538	5,177	4,614	4,300
Accumulated Other Comprehensive Income / (Loss)	-7.80	-7.70	-6.80	-3.20	-6.80	-4.10	-2.60	2.90	2.90	4.60

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	48,232	47,363	45,197	44,582	43,927	43,940	43,442	43,019	42,796	41,872	40,761
Total Current Assets	2,943	2,912	2,619	2,584	2,605	2,796	2,444	2,458	2,839	3,188	2,771
Cash & Equivalents	82	9.80	323	224	39	43	46	55	36	29	29
Accounts Receivable	1,812	1,669	1,176	1,243	1,557	1,503	1,243	1,315	1,781	1,818	1,322
Inventories, net	576	813	790	696	609	775	750	604	524	807	925
Prepaid Expenses	76	83	51	53	71	77	41	43	65	70	32
Current Deferred & Refundable Income Taxes	172	215	125	183	143	174	158	215	153	202	124
Other Current Assets	225	122	156	186	186	224	206	226	281	262	149
Plant, Property, & Equipment, net	35,448	34,645	32,853	32,264	31,730	31,582	31,468	31,010	30,379	29,114	28,575
Total Noncurrent Assets	9,841	9,806	9,724	9,734	9,593	9,563	9,531	9,551	9,578	9,571	9,415
Long-Term Investments	2,149	2,109	2,081	2,056	2,027	2,006	1,984	1,956	1,922	1,909	1,876
Goodwill	3,053	3,053	3,053	3,053	3,053	3,053	3,053	3,053	3,053	3,053	3,053
Employee Benefit Assets	984	969	918	901	884	871	919	951	933	917	966
Other Noncurrent Operating Assets	3,655	3,676	3,673	3,725	3,629	3,633	3,575	3,592	3,670	3,692	3,520
Total Liabilities & Shareholders' Equity	48,232	47,363	45,197	44,582	43,927	43,940	43,442	43,019	42,796	41,872	40,761
Total Liabilities	34,805	34,561	32,805	32,188	31,501	31,868	31,341	31,018	30,839	30,256	29,195
Total Current Liabilities	5,863	4,842	4,009	3,492	4,710	5,115	4,074	4,097	3,766	4,611	3,370
Short-Term Debt	4,057	2,846	2,421	1,919	3,215	3,285	2,262	2,468	2,069	2,528	1,427
Accounts Payable	792	1,137	741	800	641	897	868	749	680	1,198	1,158
Other Current Liabilities	1,014	859	646	594	854	933	944	881	1,016	885	785
Total Noncurrent Liabilities	28,942	29,719	28,796	28,696	26,791	26,753	27,268	26,921	27,073	25,645	25,826
Long-Term Debt	16,162	17,178	16,889	16,908	15,376	15,367	15,957	15,608	15,827	14,766	14,911
Asset Retirement Reserve & Litigation Obligation	5,088	4,984	4,868	4,815	4,557	4,536	4,682	4,692	4,182	4,714	4,445
Noncurrent Deferred Revenue	329	335	340	346	351	356	360	364	367	371	374
Noncurrent Deferred & Payable Income Tax Liabilities	5,577	5,515	5,322	5,265	5,120	4,919	4,832	4,774	4,703	4,626	4,525
Other Noncurrent Operating Liabilities	1,786	1,708	1,377	1,362	1,388	1,576	1,437	1,484	1,825	996	1,353
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	421	377	279	281	283	317	317	320	321	209	210
Total Equity & Noncontrolling Interests	13,006	12,425	12,112	12,113	12,143	11,755	11,783	11,681	11,637	11,407	11,356
Total Preferred & Common Equity	13,006	12,425	12,112	12,113	12,143	11,755	11,783	11,681	11,637	11,407	11,356
Preferred Stock	30	30	30	30	30	30	30	-	-	30	-
Total Common Equity	12,976	12,395	12,082	12,083	12,113	11,724	11,753	11,681	11,637	11,377	11,356
Common Stock	4,459	4,319	4,195	4,172	4,149	4,119	4,120	4,118	4,117	4,118	4,117
Retained Earnings	8,524	8,084	7,895	7,919	7,972	7,613	7,640	7,570	7,527	7,265	7,242
Accumulated Other Comprehensive Income / (Loss)	-7.90	-7.80	-7.90	-7.80	-7.80	-7.70	-7.00	-6.90	-6.90	-6.80	-3.20

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.51%	3.01%	-4.80%	-3.17%	-7.20%	-13.32%	-2.28%	-14.00%	-0.69%	16.19%	14.69%
EBITDA Growth	10.46%	38.12%	-7.90%	-5.78%	17.26%	1.86%	15.98%	11.29%	-3.19%	9.77%	4.72%
EBIT Growth	11.44%	64.97%	-16.76%	-14.40%	20.76%	-6.48%	17.07%	10.65%	-7.90%	14.57%	5.71%
NOPAT Growth	21.34%	67.59%	-14.48%	-16.43%	22.08%	0.78%	21.86%	8.92%	-2.28%	2.97%	-1.97%
Net Income Growth	16.53%	107.37%	-24.40%	-27.59%	22.66%	-13.36%	4.61%	0.76%	-10.63%	12.69%	4.50%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	34.62%	21.21%	-7.03%	8.27%	8.48%	39,900.00%	164.10%	39.72%	-26.07%	-95.38%	-61.96%
Free Cash Flow Firm Growth	-368.84%	-8.66%	58.18%	80.82%	87.81%	21.28%	-18.71%	-423.22%	-4,186.89%	-23.21%	-11.26%
Invested Capital Growth	8.51%	7.09%	4.28%	3.12%	3.78%	6.31%	9.62%	13.49%	13.79%	8.34%	8.77%
Revenue Q/Q Growth	37.88%	22.58%	5.16%	-33.89%	20.87%	13.29%	6.96%	-36.64%	12.89%	27.73%	-5.87%
EBITDA Q/Q Growth	33.63%	28.14%	3.53%	-37.69%	67.10%	-14.55%	5.92%	-22.46%	45.15%	-2.71%	1.64%
EBIT Q/Q Growth	49.22%	49.73%	5.50%	-52.72%	120.89%	-24.45%	8.49%	-33.31%	71.07%	-5.42%	2.55%
NOPAT Q/Q Growth	66.15%	53.67%	11.28%	-57.29%	129.48%	-21.58%	8.73%	-37.61%	89.45%	-5.18%	-2.81%
Net Income Q/Q Growth	60.12%	89.90%	13.62%	-66.27%	184.94%	-30.77%	8.83%	-42.87%	101.27%	-16.41%	4.83%
EPS Q/Q Growth	0.00%	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	99.83%	-20.19%	-29.73%	20.13%	79.92%	-38.78%	-18.17%	20.36%	66,241.67%	-99.60%	-56.71%
Free Cash Flow Firm Q/Q Growth	-5.78%	-73.32%	-52.96%	-67.18%	77.81%	33.30%	29.84%	-6.28%	-58.27%	-0.59%	-209.23%
Invested Capital Q/Q Growth	2.30%	4.09%	1.93%	-0.03%	0.45%	1.36%	0.79%	0.61%	3.42%	4.52%	4.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.99%	67.67%	72.05%	73.49%	65.41%	65.68%	69.99%	70.87%	54.65%	51.71%	59.81%
EBITDA Margin	41.77%	43.10%	41.22%	41.87%	44.43%	32.14%	42.61%	43.03%	35.17%	27.35%	35.91%
Operating Margin	29.77%	25.87%	20.59%	20.59%	30.35%	15.40%	24.11%	23.24%	23.17%	14.87%	20.18%
EBIT Margin	30.34%	28.04%	22.95%	22.88%	31.99%	17.51%	26.25%	25.88%	24.59%	16.23%	21.91%
Profit (Net Income) Margin	23.04%	19.84%	12.80%	11.85%	23.23%	9.85%	16.12%	15.85%	17.58%	9.86%	15.06%
Tax Burden Percent	92.28%	88.12%	88.31%	83.47%	87.65%	91.00%	83.94%	85.67%	87.26%	81.04%	80.43%
Interest Burden Percent	82.27%	80.29%	63.18%	62.06%	82.83%	61.85%	73.18%	71.47%	81.92%	74.97%	85.46%
Effective Tax Rate	7.72%	11.88%	11.70%	16.53%	12.35%	9.00%	16.06%	14.33%	12.74%	18.96%	19.57%
Return on Invested Capital (ROIC)	8.25%	6.60%	5.37%	5.20%	8.13%	4.48%	6.91%	7.00%	7.39%	4.46%	6.06%
ROIC Less NNEP Spread (ROIC-NNEP)	7.44%	6.21%	4.77%	4.62%	7.57%	3.90%	6.38%	6.49%	6.86%	4.07%	5.88%
Return on Net Nonoperating Assets (RNNOA)	9.94%	8.62%	6.48%	6.18%	10.08%	5.26%	8.20%	8.12%	8.51%	5.22%	6.97%
Return on Equity (ROE)	18.19%	15.22%	11.85%	11.38%	18.21%	9.74%	15.11%	15.12%	15.90%	9.68%	13.02%
Cash Return on Invested Capital (CROIC)	-1.43%	-0.52%	1.58%	2.98%	2.57%	-0.17%	-3.06%	-6.65%	-6.98%	-1.97%	-2.14%
Operating Return on Assets (OROA)	5.97%	5.28%	4.42%	4.51%	6.41%	3.63%	5.76%	5.81%	5.76%	3.85%	5.12%
Return on Assets (ROA)	4.53%	3.74%	2.47%	2.33%	4.65%	2.04%	3.54%	3.56%	4.12%	2.34%	3.52%
Return on Common Equity (ROCE)	17.65%	14.76%	11.53%	11.08%	17.74%	9.50%	14.76%	14.80%	15.54%	9.49%	12.79%
Return on Equity Simple (ROE_SIMPLE)	12.51%	0.00%	10.65%	11.28%	11.91%	0.00%	11.59%	11.57%	11.60%	0.00%	12.16%
Net Operating Profit after Tax (NOPAT)	865	521	339	304	713	311	396	364	584	308	325
NOPAT Margin	27.47%	22.80%	18.18%	17.18%	26.60%	14.01%	20.24%	19.91%	20.22%	12.05%	16.23%
Net Nonoperating Expense Percent (NNEP)	0.81%	0.39%	0.60%	0.58%	0.56%	0.58%	0.53%	0.51%	0.53%	0.38%	0.17%
Return On Investment Capital (ROIC_SIMPLE)	2.60%	1.60%	-	-	-	1.02%	-	-	-	1.07%	-
Cost of Revenue to Revenue	37.01%	32.33%	27.95%	26.51%	34.59%	34.32%	30.01%	29.13%	45.35%	48.29%	40.19%
SG&A Expenses to Revenue	19.30%	23.07%	30.42%	30.10%	19.80%	24.98%	26.39%	27.10%	18.49%	22.68%	22.68%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	33.22%	41.80%	51.46%	52.91%	35.06%	50.28%	45.88%	47.63%	31.48%	36.84%	39.63%
Earnings before Interest and Taxes (EBIT)	956	640	428	405	858	388	514	474	710	415	439
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,316	984	768	742	1,191	713	834	788	1,016	700	719
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.67	2.38	2.52	2.03	2.10	2.16	2.08	2.27	2.43	2.39	2.29
Price to Tangible Book Value (P/TBV)	3.49	3.16	3.37	2.72	2.80	2.92	2.81	3.07	3.29	3.27	3.13
Price to Revenue (P/Rev)	3.82	3.43	3.56	2.85	2.93	2.85	2.64	2.86	2.95	2.84	2.81
Price to Earnings (P/E)	21.26	19.31	23.53	17.94	17.57	19.02	17.88	19.61	20.93	19.34	18.85
Dividend Yield	3.12%	3.58%	3.42%	4.16%	3.94%	3.89%	4.90%	4.45%	4.12%	4.21%	3.47%
Earnings Yield	4.70%	5.18%	4.25%	5.57%	5.69%	5.26%	5.59%	5.10%	4.78%	5.17%	5.30%
Enterprise Value to Invested Capital (EV/IC)	1.69	1.56	1.61	1.43	1.46	1.47	1.45	1.53	1.60	1.59	1.57
Enterprise Value to Revenue (EV/Rev)	5.85	5.56	5.58	4.80	4.86	4.75	4.44	4.62	4.65	4.46	4.38
Enterprise Value to EBITDA (EV/EBITDA)	13.93	12.97	13.95	11.90	11.98	12.62	12.27	13.31	14.16	13.49	13.00
Enterprise Value to EBIT (EV/EBIT)	21.85	20.51	22.91	19.13	18.92	20.27	19.39	21.05	22.34	20.86	20.23
Enterprise Value to NOPAT (EV/NOPAT)	26.10	25.44	28.56	24.00	23.69	25.56	24.76	27.13	28.68	27.36	26.09
Enterprise Value to Operating Cash Flow (EV/OCF)	15.12	14.88	15.31	13.08	13.69	14.01	16.13	20.90	25.00	20.78	19.40
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	104.32	48.70	57.94	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.51	1.56	1.56	1.52	1.50	1.55	1.51	1.51	1.50	1.49	1.41
Long-Term Debt to Equity	1.20	1.34	1.36	1.36	1.24	1.27	1.32	1.30	1.32	1.27	1.29
Financial Leverage	1.33	1.39	1.36	1.34	1.33	1.35	1.29	1.25	1.24	1.28	1.18
Leverage Ratio	3.56	3.67	3.62	3.59	3.56	3.62	3.56	3.52	3.49	3.56	3.49
Compound Leverage Factor	2.93	2.95	2.29	2.23	2.95	2.24	2.60	2.52	2.86	2.67	2.98
Debt to Total Capital	60.09%	61.00%	60.91%	60.30%	59.94%	60.71%	60.09%	60.10%	59.95%	59.82%	58.55%
Short-Term Debt to Total Capital	12.06%	8.67%	7.64%	6.15%	10.36%	10.69%	7.46%	8.20%	6.93%	8.75%	5.11%
Long-Term Debt to Total Capital	48.04%	52.33%	53.28%	54.16%	49.57%	50.02%	52.63%	51.89%	53.02%	51.07%	53.44%
Preferred Equity to Total Capital	0.09%	0.09%	0.10%	0.10%	0.10%	0.10%	0.10%	0.00%	0.00%	0.11%	0.00%
Noncontrolling Interests to Total Capital	1.25%	1.15%	0.88%	0.90%	0.91%	1.03%	1.05%	1.06%	1.07%	0.72%	0.75%
Common Equity to Total Capital	38.57%	37.76%	38.11%	38.70%	39.05%	38.16%	38.76%	38.84%	38.98%	39.35%	40.70%
Debt to EBITDA	5.31	5.43	5.66	5.41	5.27	5.57	5.46	5.61	5.70	5.45	5.25
Net Debt to EBITDA	4.72	4.86	4.95	4.76	4.69	4.96	4.85	4.99	5.07	4.84	4.57
Long-Term Debt to EBITDA	4.24	4.66	4.95	4.86	4.36	4.59	4.78	4.84	5.04	4.65	4.79
Debt to NOPAT	9.94	10.66	11.58	10.91	10.43	11.28	11.02	11.43	11.53	11.05	10.53
Net Debt to NOPAT	8.85	9.53	10.14	9.59	9.27	10.04	9.79	10.16	10.27	9.81	9.18
Long-Term Debt to NOPAT	7.95	9.14	10.13	9.80	8.62	9.29	9.65	9.87	10.20	9.43	9.61
Altman Z-Score	1.03	0.93	0.98	0.91	0.94	0.89	0.92	0.97	1.05	1.00	1.03
Noncontrolling Interest Sharing Ratio	2.96%	3.03%	2.68%	2.59%	2.60%	2.48%	2.36%	2.09%	2.23%	1.93%	1.80%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.50	0.60	0.65	0.74	0.55	0.55	0.60	0.60	0.75	0.69	0.82
Quick Ratio	0.32	0.35	0.37	0.42	0.34	0.30	0.32	0.33	0.48	0.40	0.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,599	-1,512	-872	-570	-341	-1,391	-2,085	-2,972	-2,797	-1,767	-1,757
Operating Cash Flow to CapEx	165.83%	68.74%	91.55%	149.50%	194.29%	62.88%	119.56%	166.85%	84.51%	0.20%	44.19%
Free Cash Flow to Firm to Interest Expense	-7.17	-7.74	-4.27	-2.84	-1.78	-7.19	-11.43	-16.63	-16.24	-11.76	-13.78
Operating Cash Flow to Interest Expense	5.21	2.98	3.57	5.17	4.50	2.48	4.30	5.36	4.62	0.01	2.33
Operating Cash Flow Less CapEx to Interest Expense	2.07	-1.35	-0.33	1.71	2.18	-1.46	0.70	2.15	-0.85	-4.08	-2.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.20	0.19	0.19	0.20	0.20	0.21	0.22	0.22	0.23	0.24	0.23
Accounts Receivable Turnover	5.38	5.42	7.06	6.75	5.20	5.35	7.20	6.72	5.61	5.77	7.62
Inventory Turnover	4.89	3.34	3.48	4.23	4.96	4.03	4.38	6.60	9.60	6.04	5.20
Fixed Asset Turnover	0.27	0.26	0.27	0.27	0.28	0.29	0.31	0.32	0.33	0.34	0.33
Accounts Payable Turnover	4.04	2.61	3.33	3.55	4.25	3.05	3.62	4.25	6.24	3.96	4.02
Days Sales Outstanding (DSO)	67.80	67.32	51.73	54.11	70.13	68.17	50.70	54.34	65.10	63.21	47.90
Days Inventory Outstanding (DIO)	74.69	109.14	104.91	86.39	73.56	90.49	83.37	55.26	38.00	60.41	70.20
Days Payable Outstanding (DPO)	90.31	139.74	109.58	102.93	85.83	119.79	100.86	85.85	58.50	92.27	90.79
Cash Conversion Cycle (CCC)	52.18	36.73	47.06	37.56	57.87	38.86	33.21	23.75	44.60	31.35	27.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	31,415	30,707	29,500	28,941	28,951	28,675	28,289	28,067	27,897	26,973	25,808
Invested Capital Turnover	0.30	0.29	0.30	0.30	0.31	0.32	0.34	0.35	0.37	0.37	0.37
Increase / (Decrease) in Invested Capital	2,464	2,032	1,211	875	1,054	1,702	2,482	3,337	3,381	2,075	2,082
Enterprise Value (EV)	53,067	47,806	47,616	41,406	42,249	42,278	40,956	42,897	44,507	42,829	40,464
Market Capitalization	34,629	29,494	30,401	24,548	25,411	25,328	24,420	26,512	28,247	27,233	26,011
Book Value per Share	$40.84	$39.18	$38.22	$38.26	$38.38	$37.17	$37.26	$37.03	$36.89	$36.07	$36.00
Tangible Book Value per Share	$31.23	$29.53	$28.57	$28.59	$28.71	$27.49	$27.58	$27.35	$27.21	$26.39	$26.32
Total Capital	33,646	32,826	31,701	31,221	31,017	30,724	30,319	30,077	29,854	28,911	27,903
Total Debt	20,219	20,024	19,310	18,827	18,591	18,652	18,219	18,076	17,897	17,295	16,337
Total Long-Term Debt	16,162	17,178	16,889	16,908	15,376	15,367	15,957	15,608	15,827	14,766	14,911
Net Debt	17,988	17,905	16,907	16,547	16,525	16,603	16,189	16,066	15,939	15,356	14,242
Capital Expenditures (CapEx)	701	846	796	694	445	763	656	574	942	614	672
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,055	906	708	787	1,071	923	586	774	1,106	1,076	609
Debt-free Net Working Capital (DFNWC)	1,137	915	1,031	1,011	1,110	966	632	829	1,142	1,105	828
Net Working Capital (NWC)	-2,920	-1,930	-1,390	-908	-2,105	-2,319	-1,630	-1,639	-927	-1,423	-599
Net Nonoperating Expense (NNE)	140	68	100	94	90	92	81	74	76	56	23
Net Nonoperating Obligations (NNO)	17,988	17,905	17,109	16,547	16,525	16,603	16,189	16,066	15,939	15,356	14,242
Total Depreciation and Amortization (D&A)	360	344	341	337	333	325	320	314	306	285	280
Debt-free, Cash-free Net Working Capital to Revenue	11.64%	10.53%	8.30%	9.12%	12.33%	10.38%	6.35%	8.34%	11.55%	11.21%	6.58%
Debt-free Net Working Capital to Revenue	12.54%	10.64%	12.08%	11.72%	12.78%	10.86%	6.85%	8.93%	11.92%	11.51%	8.96%
Net Working Capital to Revenue	-32.19%	-22.44%	-16.29%	-10.52%	-24.24%	-26.08%	-17.65%	-17.67%	-9.68%	-14.83%	-6.48%
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	$0.00
Adjusted Weighted Average Basic Shares Outstanding	318.20M	316.20M	316.20M	315.90M	315.60M	315.40M	315.40M	315.40M	315.40M	315.40M	315.40M
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	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	319.30M	316.50M	316.50M	316.20M	315.90M	315.90M	315.80M	315.90M	315.90M	316.10M	316.20M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	319.13M	317.75M	316.35M	316.08M	315.82M	315.56M	315.43M	315.43M	315.43M	315.43M	315.43M
Normalized Net Operating Profit after Tax (NOPAT)	865	521	339	304	713	311	396	364	584	308	325
Normalized NOPAT Margin	27.47%	22.80%	18.18%	17.18%	26.60%	14.01%	20.24%	19.91%	20.22%	12.05%	16.23%
Pre Tax Income Margin	24.96%	22.51%	14.50%	14.20%	26.50%	10.83%	19.21%	18.50%	20.14%	12.16%	18.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.29	3.28	2.09	2.02	4.47	2.01	2.82	2.65	4.12	2.76	3.44
NOPAT to Interest Expense	3.88	2.66	1.66	1.52	3.71	1.61	2.17	2.04	3.39	2.05	2.55
EBIT Less CapEx to Interest Expense	1.14	-1.05	-1.81	-1.44	2.15	-1.94	-0.78	-0.56	-1.35	-1.33	-1.83
NOPAT Less CapEx to Interest Expense	0.74	-1.67	-2.24	-1.94	1.40	-2.34	-1.42	-1.17	-2.08	-2.04	-2.72
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	66.14%	71.13%	82.61%	76.64%	71.18%	73.91%	70.86%	70.37%	69.25%	65.11%	65.31%
Augmented Payout Ratio	66.30%	71.34%	83.31%	77.39%	71.98%	75.15%	71.71%	72.61%	73.16%	70.02%	71.51%

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 5/30/2025 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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