WEC Energy Group

Utilities Electric Utilities Milwaukee, Wisconsin Last filing Feb 20, 2026 · FY2025

                    Revenue
                    FY2025
                
$9.8B
                    3y CAGR +0.7%
                    
                    P37
                    
                    +14.0%
                    
                    Net income
                    FY2025
                
$1.6B
                    Net margin +15.9%
                    
                    P70
                    
                    +2.0%
                    
                    Total assets
                    FY2025
                
$51.5B
                    ROA +3.0%
                    
                    P74
                    
                    +8.8%
                    
                    Operating cash flow
                    FY2025
                
$3.4B
                    FCF margin -14.5%
                    
                    P41
                    
                    +5.2%

19 yrs · FY2007–FY2025 7 filed · 0 derived · 2 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

20 accounts · 3 years

Total assets $51.5B

Total liabilities Not reported

Shareholders equity Not reported

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	0.1%	0.0%	0.1%
Accounts Receivable	4.0%	3.5%	3.4%
Other Current Assets	2.3%	2.6%	2.8%
Total Current Assets	6.4%	6.1%	6.4%
Property,Plant and Equipment	74.3%	73.1%	71.9%
Regulatory Assets	6.1%	7.1%	7.4%
Other Noncurrent Assets	13.2%	13.7%	14.4%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Current Portion of Long Term Debt	6.7%	6.0%	7.5%
Other Current Liabilities	4.2%	4.2%	4.2%
Total Current Liabilities	10.9%	10.2%	11.6%
Long Term Debt	35.9%	36.3%	35.0%
Regulatory Liabilities	8.0%	8.4%	8.4%
Other Noncurrent Liabilities	18.8%	18.9%	18.2%
Equity
Preferred Stock	0.1%	0.1%	0.1%
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	9.9%	9.1%	9.4%
Retained Earnings	16.5%	17.1%	17.3%
Accumulated Other Comprehensive Income	-0.0%	-0.0%	-0.0%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

15 accounts · 3 years

Revenue $9.8B

Operating income $2.2B

Net income $1.6B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	19.0%	18.2%	20.2%
Expenses Cost of Revenue	6.3%	5.6%	7.3%
Expenses Selling,General and Administrative	4.7%	4.6%	4.8%
Expenses Depreciation and Amortization	2.9%	2.9%	2.9%
Expenses Other Operating Expenses	0.8%	0.6%	1.0%
Other Income Expense Operating Income	4.4%	4.5%	4.3%
Other Income Expense Interest Expense	1.7%	1.7%	1.7%
Other Income Expense Other Income/expense	0.6%	0.9%	0.8%
Other Income Expense Income Before Tax	3.2%	3.7%	3.5%
Income Tax Income Tax Expense	0.2%	0.5%	0.5%
net Income Other Items Below Tax	0.0%	0.0%	0.0%
net Income net Income	3.0%	3.2%	3.0%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	0.6%	0.7%	0.7%

Cash Flow Statement

Operating, investing, and financing flows

14 accounts · 3 years

Operating cash flow $3.4B

Investing cash flow $-4.9B

Financing cash flow $1.5B

Account	2025	2024	2023
CashFlow
Operating Activities net Cash From Operating Activities	6.6%	6.8%	6.9%
Operating Activities net Income	3.0%	3.2%	3.0%
Operating Activities Depreciation and Amortization	2.9%	2.9%	2.9%
Operating Activities Other Non Cash Items	0.7%	0.7%	1.0%
Investing Activities Capital Expenditures	-9.3%	-6.8%	-6.0%
Investing Activities Other Investing Activities	-0.1%	-1.2%	-2.1%
Investing Activities net Cash From Investing Activities	-9.5%	-8.0%	-8.1%
Financing Activities Proceeds From Debt	5.5%	9.4%	4.9%
Financing Activities Repayment of Debt	-3.4%	-4.5%	-2.3%
Financing Activities Dividends Paid	-2.2%	-2.2%	-2.2%
Financing Activities Repurchase of Common Stock	-0.0%	-0.0%	-0.0%
Financing Activities Other Financing Activities	3.0%	-1.7%	0.8%
Financing Activities net Cash From Financing Activities	3.0%	1.0%	1.2%
Cash Reconciliation net Change In Cash	0.1%	-0.3%	-0.0%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+66.7%	+69.1%	+64.1%
Operating margin	+22.9%	+25.0%	+21.5%
Net margin	+15.9%	+17.7%	+15.0%
FCF margin	-14.5%	-0.0%	+4.3%
Growth
Revenue CAGR (3y)	+0.7%	+1.1%	+7.1%
Returns
ROE	—	—	—
ROA	+3.0%	+3.2%	+3.0%
ROIC	—	—	—
Liquidity
Current ratio	0.59x	0.60x	0.55x
Quick ratio	0.37x	0.35x	0.30x
Leverage
D/E	—	—	—
Interest coverage	2.51x	2.64x	2.62x
Efficiency
Asset turnover	0.19x	0.18x	0.20x
Cash conversion cycle	—	—	—

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FY2025 fundamentals · no price

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WEC Energy Group

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