WEC Energy Group, Inc. (WEC)

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. It generates and distributes electricity from coal, natural gas, oil, and nuclear, as well as renewable energy resources, including wind, solar, hydroelectric, and biomass; and distributes and hydroelectric natural gas. The company also owns, maintains, monitors, and operates electric transmission systems; and generates, distributes, and sells steam. As of December 31, 2025, the company operated approximately 35,200 miles of overhead distribution lines and 37,600 miles of underground distribution cables, as well as 420 electric distribution substations and 649,500 line transformers; approximately 47,200 miles of natural gas distribution mains; 1,300 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 510 natural gas distribution and transmission gate stations; and 67.0 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1896 and is headquartered in Milwaukee, Wisconsin.

Symbol
WEC
Exchange
NYSE
Sector
Utilities
Industry
Utilities - Regulated Electric
Market cap
$33.10B
52 week range
99.8 - 119.91

Valuation

Share price
$101.59 (close of 2026-10-02)
P/E (TTM)
19.47x
Price to book
2.27x
Price to free cash flow
-470.88x
Enterprise value
$56.03B
Book value per share
$44.72

Price performance

PeriodChange
1 day-0.14%
5 days+0.14%
1 month-3.92%
3 months-14.51%
6 months-13.60%
Year to date-3.67%
1 year-9.32%
3 years+31.88%
5 years+15.94%
10 years+69.66%
All time+4496.83%

Members of Congress who disclosed WEC trades

Julie Johnson · Robert Bresnahan

Super investors holding WEC

Mairs & Power (Mairs & Power Inc) · George Soros (Soros Fund Mgmt) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity
11.07%
Return on invested capital
5.85%
Return on assets
3.02%
Return on capital employed
4.89%
Gross margin
66.68%
Net margin
15.87%
EBITDA margin
37.99%
Revenue growth
13.96%
Net income growth
2.05%
Free cash flow growth
5.22%

Cash flow and balance sheet

Free cash flow yield (TTM)
-0.21%
Current ratio
0.53x
Net debt to EBITDA
5.41x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$9.80B
Cost of revenue
$3.27B
Gross profit
$6.53B
EBITDA
$3.72B
Net income
$1.56B
Earnings per share
$4.84
Shares outstanding
321.90M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$9.80B$6.53B$1.56B$4.84
2024-12-31$8.60B$5.94B$1.52B$4.83
2023-12-31$8.89B$5.70B$1.33B$4.22
2022-12-31$9.60B$5.24B$1.41B$4.46
2021-12-31$8.32B$5.00B$1.30B$4.12
2020-12-31$7.24B$4.92B$1.20B$3.80
2019-12-31$7.52B$4.84B$1.13B$3.60
2018-12-31$7.68B$4.78B$1.06B$3.36
2017-12-31$7.65B$4.83B$1.20B$3.81
2016-12-31$7.47B$4.82B-$2.98

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3166.68%15.87%11.07%5.85%
2024-12-3169.12%17.72%11.91%5.83%
2023-12-3164.12%14.97%11.03%5.53%
2022-12-3154.58%14.69%12.14%5.54%
2021-12-3160.19%15.61%11.68%6.10%
2020-12-3167.97%16.59%11.27%6.38%
2019-12-3164.39%15.08%11.07%6.35%
2018-12-3162.26%13.81%0.00%12.58%
2017-12-3163.09%15.75%12.69%7.09%
2016-12-3164.57%0.00%0.00%5.96%

Cash and debt by year

Period endCashDebt
2025-12-31$27.60M$18.50B
2024-12-31$9.80M$17.18B
2023-12-31$42.90M$15.37B
2022-12-31$28.90M$14.66B
2021-12-31$16.30M$13.47B
2020-12-31$24.80M$11.67B
2019-12-31$37.50M$11.17B
2018-12-31$84.50M$9.98B
2017-12-31$38.90M$8.75B
2016-12-31$37.50M$9.16B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$3.38B$48.20M
2024-12-31$3.21B$39.30M
2023-12-31$3.02B$9.70M
2022-12-31-$636.20M$34.80M
2021-12-31-$340.00M$15.70M
2020-12-31-$678.30M$35.70M
2019-12-31-$183.50M$50.20M
2018-12-31$28.40M$36.10M
2017-12-31$119.10M$29.00M
2016-12-31$680.10M$18.00M

Dividend history

Most recent payment
2026-08-14
Paid in the last twelve months
$3.75
Payment dateDividend per share
2026-08-14$0.95
2026-05-14$0.95
2026-02-13$0.95
2025-11-14$0.89
2025-08-14$0.89
2025-05-14$0.89
2025-02-14$0.89
2024-11-14$0.83

Investor relations

Next earnings report

Next confirmed report
2026-10-29
Consensus EPS estimate
$0.90

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-29Jun/2026$0.80
2026-05-05Mar/2026$2.33
2026-02-05Dec/2025$1.38
2025-10-30Sep/2025$0.79
2025-07-30Jun/2025$0.71
2025-05-06Mar/2025$2.19
2025-02-04Dec/2024$1.44
2024-10-31Sep/2024$0.70

Filings and sources

Company website
wecenergygroup.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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