WEC Energy Group (WEC) financials
WEC Energy Group revenue and earnings by year
WEC Energy Group's revenue was $9.80 billion in the fiscal year to December 31, 2025, up 14.0% from the year before. Net income was $1.56 billion, 15.9% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 3.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.80 | 8.60 | 8.89 | 9.60 | 8.32 | 7.24 | 7.52 | 7.68 | 7.65 | 7.47 |
| Revenue growth | 14.0% | -3.3% | -7.3% | 15.4% | 14.8% | -3.7% | -2.0% | 0.4% | 2.4% | — |
| Gross profit | 3.85 | 3.52 | 3.35 | 3.05 | 2.79 | 2.68 | 2.46 | 2.31 | 2.57 | 2.46 |
| Gross margin | 39.3% | 40.9% | 37.7% | 31.7% | 33.5% | 37.0% | 32.7% | 30.1% | 33.7% | 32.9% |
| Operating income | 2.24 | 2.15 | 1.91 | 1.92 | 1.71 | 1.71 | 1.53 | 1.47 | 1.78 | 1.70 |
| Operating margin | 22.9% | 25.0% | 21.5% | 20.0% | 20.6% | 23.6% | 20.4% | 19.1% | 23.2% | 22.7% |
| Net income | 1.56 | 1.53 | 1.33 | 1.41 | 1.30 | 1.20 | 1.14 | 1.06 | 1.20 | 0.94 |
| Net margin | 15.9% | 17.8% | 15.0% | 14.7% | 15.7% | 16.6% | 15.1% | 13.8% | 15.8% | 12.6% |
| Diluted EPS | $4.82 | $4.83 | $4.23 | $4.46 | $4.11 | $3.79 | $3.58 | $3.35 | $3.79 | $2.95 |
| Free cash flow | -1.02 | 0.43 | 0.53 | -0.25 | -0.23 | -0.05 | 0.08 | 0.33 | 0.12 | 0.68 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open WEC in Markets.
How WEC Energy Group makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Public Utility | $2.21B | 97.3% |
| Other States | $60.9M | 2.7% |
See also: WEC valuation and P/E history · WEC returns
No forecast, no recommendation. This page describes WEC Energy Group from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.