WEC Energy (WEC) financial statements
WEC Energy reported revenue of $9.8B in fiscal 2025, up 3.1% a year over 9 years.
Net income was $1.6B and the operating margin 22.9%, against 22.7% in 2016.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from WEC Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5B | $7.6B | $7.7B | $7.5B | $7.2B | $8.3B | $9.6B | $8.9B | $8.6B | $9.8B |
| Cost of revenue | $2.6B | $2.8B | $2.9B | $2.7B | $2.3B | $3.3B | $4.4B | $3.2B | $2.7B | $3.3B |
| Gross profit | $4.8B | $4.8B | $4.8B | $4.8B | $4.9B | $5.0B | $5.2B | $5.7B | $5.9B | $6.5B |
| Operating income | $1.7B | $1.8B | $1.5B | $1.5B | $1.7B | $1.7B | $1.9B | $1.9B | $2.2B | $2.2B |
| Interest expense | $403M | $416M | $445M | $502M | $494M | $471M | $515M | $727M | $815M | $895M |
| Pre-tax income | $1.5B | $1.6B | $1.2B | $1.3B | $1.4B | $1.5B | $1.7B | $1.5B | $1.7B | $1.7B |
| Income tax | $566M | $384M | $170M | $125M | $228M | $200M | $323M | $205M | $222M | $118M |
| Net income | $939M | $1.2B | $1.1B | $1.1B | $1.2B | $1.3B | $1.4B | $1.3B | $1.5B | $1.6B |
| EPS (diluted) | $2.96 | $3.79 | $3.34 | $3.58 | $3.79 | $4.11 | $4.45 | $4.22 | $4.83 | $4.81 |
| Diluted shares | 317M | 317M | 317M | 317M | 316M | 316M | 316M | 316M | 316M | 324M |
| Gross margin | 64.6% | 63.1% | 62.3% | 64.4% | 68.0% | 60.2% | 54.6% | 64.1% | 69.1% | 66.7% |
| Operating margin | 22.7% | 23.2% | 19.1% | 20.4% | 23.6% | 20.6% | 20.0% | 21.5% | 25.0% | 22.9% |
| Net margin | 12.6% | 15.7% | 13.8% | 15.1% | 16.6% | 15.6% | 14.7% | 15.0% | 17.8% | 15.9% |
Balance sheet
Fiscal years, from WEC Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $38M | $39M | $84M | $38M | $25M | $16M | $29M | $43M | $10M | $28M |
| Receivables | $1.2B | $1.4B | $1.3B | $1.2B | $1.2B | $1.5B | $1.8B | $1.5B | $1.7B | $2.1B |
| Total current assets | $2.2B | $2.2B | $2.2B | $2.1B | $2.1B | $2.7B | $3.2B | $2.8B | $2.9B | $3.3B |
| Property, plant and equipment | $19.9B | $21.3B | $22.0B | $23.6B | $25.7B | $27.0B | $29.1B | $31.6B | $34.6B | $38.3B |
| Goodwill | $3.0B | $3.1B | $3.1B | $3.1B | $3.1B | $3.1B | $3.1B | $3.1B | $3.1B | $3.1B |
| Total assets | $30.1B | $31.6B | $33.5B | $35.0B | $37.0B | $39.0B | $41.9B | $43.9B | $47.4B | $51.5B |
| Total current liabilities | $2.4B | $3.9B | $3.3B | $3.2B | $4.1B | $3.8B | $4.6B | $5.1B | $4.8B | $5.6B |
| Long-term debt | $9.2B | $8.7B | $10.0B | $11.2B | $11.7B | $13.5B | $14.8B | $15.4B | $17.2B | $18.5B |
| Total liabilities | $21.2B | $22.1B | $23.6B | $24.7B | $26.4B | $27.9B | $30.3B | $31.9B | $34.6B | $37.5B |
| Shareholders' equity | $9.0B | $9.5B | $9.8B | $10.3B | $10.7B | $11.1B | $11.6B | $12.1B | $12.8B | $14.1B |
| Net debt | $9.1B | $8.7B | $10.3B | $11.9B | $12.5B | $13.6B | $15.5B | $16.6B | $18.9B | $20.0B |
Cash flow
Fiscal years, from WEC Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.1B | $2.1B | $2.4B | $2.3B | $2.2B | $2.0B | $2.1B | $3.0B | $3.2B | $3.4B |
| Capital spending | $1.4B | $2.0B | $61M | $0 | $2.9B | $2.4B | $2.7B | — | — | — |
| Free cash flow | $680M | $119M | $2.4B | $2.3B | -$678M | -$340M | -$636M | — | — | — |
| Stock-based compensation | $18M | $29M | $36M | $50M | $36M | $16M | $35M | $10M | $39M | $48M |
| Dividends paid | $625M | $656M | $697M | $744M | $798M | $855M | $918M | $984M | $1.1B | $1.1B |
| Share buybacks (net) | -$108M | -$71M | -$72M | -$140M | -$99M | -$33M | -$69M | -$17M | -$3M | -$1M |
| Net borrowing | $94M | $280M | $787M | $1.5B | $607M | $1.1B | $1.9B | $1.2B | $2.3B | $1.1B |
| Free cash flow margin | 9.1% | 1.6% | 31.0% | 31.2% | -9.4% | -4.1% | -6.6% | — | — | — |
| Dividends per share | $1.97 | $2.07 | $2.20 | $2.35 | $2.52 | $2.70 | $2.90 | $3.12 | $3.34 | $3.54 |
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What was WEC Energy's revenue in 2025?
$9.8B in fiscal 2025, from its 10-K filing.
From WEC Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.