WEC Energy Group Inc. (WEC) reported $10.32B of revenue for the twelve months ended Sep 30, 2026. That is up 8.1% from the year before. Revenue for fiscal 2025 was $9.80B.

Yes. WEC Energy Group Inc. earned $1.81B in net income for the twelve months ended Sep 30, 2026, a net margin of 17.5%.

How much cash and debt does WEC have?

WEC Energy Group Inc. reported $58.80M in cash and cash equivalents and $20.85B of debt on its most recent balance sheet in SEC filings.

How fast is WEC revenue growing?

WEC Energy Group Inc.'s revenue changed +14.0% in fiscal 2025, to $9.80B. Its compound annual growth rate was +6.2% over 5 years and +5.2% over 10 years.

What is WEC gross margin?

WEC Energy Group Inc.'s gross profit was $6.80B on $10.32B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 65.9%.

What is WEC earnings per share?

Diluted earnings per share were $5.49 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did WEC last report financial results?

The latest statements here come from WEC Energy Group Inc.'s 10-Q filed on Oct 30, 2026, covering the period ended Sep 30, 2026.

Where does this WEC financial data come from?

Quantisnow builds these statements from the structured XBRL data WEC Energy Group Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · WEC

WEC Energy Group Inc. (WEC) financials

For the twelve months ended Sep 30, 2026, WEC Energy Group Inc. reported $10.32B of revenue and $1.81B of net income.

Revenue, TTM: $10.32B
Revenue growth, YoY: +8.1%
Net income, TTM: $1.81B
Net income growth, YoY: +6.8%
Net margin: 17.5%
EPS, diluted, TTM: $5.49
EPS growth, YoY: +3.8%
Cash: $58.80M
Total debt: $20.85B
P/E: 21.07
P/S: 3.69
Market cap: $38.12B

Annual revenue$9.80B

FY2016FY2025

Annual net income$1.56B

FY2016FY2025

Annual free cash flow-$636.20M

FY2016FY2022

WEC revenue and earnings growth

WEC revenueQ3 2026$2.29B

Quarter YoY: +8.9%
QoQ: +11.1%
FY YoY: +14.0%
5Y CAGR: +6.2%
10Y CAGR: +5.2%

WEC revenue was $2.29B in fiscal Q3 2026 (ended Sep 30, 2026), up 8.9% from a year earlier and up 11.1% from the prior quarter. For the full fiscal 2025 it was $9.80B, up 14.0% from fiscal 2024. Compound annual growth was +6.2% over 5 years and +5.2% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

WEC net incomeQ3 2026$389.30M

Quarter YoY: +43.5%
QoQ: +30.1%
FY YoY: +2.0%
5Y CAGR: +5.4%
10Y CAGR: +9.3%

WEC net income was $389.30M in fiscal Q3 2026 (ended Sep 30, 2026), up 43.5% from a year earlier and up 30.1% from the prior quarter. For the full fiscal 2025 it was $1.56B, up 2.0% from fiscal 2024. Compound annual growth was +5.4% over 5 years and +9.3% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

WEC EPSQ3 2026$1.18

Quarter YoY: +42.2%
QoQ: +29.7%
FY YoY: -0.4%
5Y CAGR: +4.9%
10Y CAGR: +7.5%

WEC diluted EPS was $1.18 in fiscal Q3 2026 (ended Sep 30, 2026), up 42.2% from a year earlier and up 29.7% from the prior quarter. For the full fiscal 2025 it was $4.81, down 0.4% from fiscal 2024. Compound annual growth was +4.9% over 5 years and +7.5% over 10 years.

WEC free cash flowQ3 2026-$36.40M

WEC free cash flow was -$36.40M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$650.60M a year earlier. For the full fiscal 2022 it was -$636.20M, compared with -$340.00M in fiscal 2021.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$9.80B	$8.60B	$8.89B	$9.60B	$8.32B	$7.24B	$7.52B	$7.68B	$7.65B	$7.47B
Cost of revenue	$3.27B	$2.66B	$3.19B	$4.36B	$3.31B	$2.32B	$2.68B	$2.90B	$2.82B	$2.65B
Gross profit	$6.53B	$5.94B	$5.70B	$5.24B	$5.00B	$4.92B	$4.84B	$4.78B	$4.83B	$4.82B
Operating income	$2.24B	$2.15B	$1.91B	$1.92B	$1.71B	$1.71B	$1.53B	$1.47B	$1.78B	$1.70B
Interest expense	$895.10M	$815.30M	$727.40M	$515.10M	$471.10M	$493.70M	$501.50M	$445.10M	$415.70M	$402.70M
Pre-tax income	$1.67B	$1.75B	$1.54B	$1.73B	$1.50B	$1.43B	$1.26B	$1.23B	$1.59B	$1.51B
Income tax	$118.00M	$222.00M	$204.60M	$322.90M	$200.30M	$227.90M	$125.00M	$169.80M	$383.50M	$566.50M
Net income	$1.56B	$1.53B	$1.33B	$1.41B	$1.30B	$1.20B	$1.13B	$1.06B	$1.20B	$939.00M
EPS, basic	$4.84	$4.83	$4.22	$4.46	$4.12	$3.80	$3.60	$3.36	$3.81	$2.98
EPS, diluted	$4.81	$4.83	$4.22	$4.45	$4.11	$3.79	$3.58	$3.34	$3.79	$2.96
Diluted shares	323.8M	316.5M	315.9M	316.1M	316.3M	316.5M	316.7M	316.9M	317.2M	316.9M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$27.60M	$42.20M	$42.90M	$182.20M	$87.50M	$72.60M	$82.30M	$146.10M	$58.60M	$72.70M
Receivables	$2.06B	$1.67B	$1.50B	$1.82B	$1.51B	$1.20B	$1.18B	$1.28B	$1.35B	$1.24B
Current assets	$3.28B	$2.91B	$2.80B	$3.19B	$2.66B	$2.08B	$2.09B	$2.25B	$2.21B	$2.17B
Goodwill	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B
Total assets	$51.52B	$47.36B	$43.94B	$41.87B	$38.99B	$37.03B	$34.95B	$33.48B	$31.59B	$30.12B
Current liabilities	$5.59B	$4.84B	$5.11B	$4.61B	$3.75B	$4.15B	$3.18B	$3.33B	$3.87B	$2.43B
Short-term debt	$1.52B	$1.73B	$1.26B	$808.50M	$91.00M	$777.70M	$686.90M	$360.10M	$1.44B	$860.20M
Long-term debt	$18.50B	$17.18B	$15.37B	$14.66B	$13.47B	$11.67B	$11.17B	$9.98B	$8.75B	$9.16B
Total debt	$20.02B	$18.91B	$16.63B	$15.46B	$13.56B	$12.45B	$11.86B	$10.34B	$10.19B	$10.02B
Total liabilities	$37.47B	$34.56B	$31.87B	$30.26B	$27.88B	$26.37B	$24.70B	$23.63B	$22.10B	$21.16B
Shareholders' equity	$14.05B	$12.80B	$12.07B	$11.62B	$11.11B	$10.66B	$10.25B	$9.84B	$9.49B	$8.96B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$3.38B	$3.21B	$3.02B	$2.06B	$2.03B	$2.20B	$2.35B	$2.45B	$2.08B	$2.10B
Capital expenditures	-	-	-	$2.70B	$2.37B	$2.87B	$2.53B	$2.42B	$1.96B	$1.42B
Free cash flow	-	-	-	-$636.20M	-$340.00M	-$678.30M	-$183.50M	$28.40M	$119.10M	$680.10M
Investing cash flow	-$4.87B	-$3.80B	-$3.56B	-$2.64B	-$2.31B	-$2.81B	-$2.49B	-$2.38B	-$2.25B	-$1.35B
Financing cash flow	$1.52B	$467.70M	$522.80M	$676.40M	$294.00M	$601.10M	$85.60M	$26.40M	$161.40M	-$845.70M
Dividends paid	$1.15B	$1.06B	$984.20M	$917.90M	$854.80M	$798.00M	$744.50M	$697.30M	$656.50M	$624.90M
Share repurchases	$1.30M	$3.20M	$16.60M	$69.20M	$33.10M	$99.20M	$140.10M	$72.40M	$71.30M	$108.00M
Depreciation and amortization	$1.48B	$1.35B	$1.26B	$1.12B	$1.07B	$975.90M	$926.30M	$845.80M	$798.60M	$762.60M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	14.0%	-3.3%	-7.3%	15.4%	14.8%	-3.7%	-2.0%	0.4%	2.4%	26.1%
Net income growth, YoY	2.0%	14.7%	-5.4%	8.3%	8.4%	5.8%	7.1%	-12.0%	28.2%	47.1%
EPS growth, YoY	-0.4%	14.5%	-5.2%	8.3%	8.4%	5.9%	7.2%	-11.9%	28.0%	26.5%
Gross margin	66.7%	69.1%	64.1%	54.6%	60.2%	68.0%	64.4%	62.3%	63.1%	64.6%
Operating margin	22.9%	25.0%	21.5%	20.0%	20.6%	23.6%	20.4%	19.1%	23.2%	22.7%
Net margin	15.9%	17.8%	15.0%	14.7%	15.6%	16.6%	15.1%	13.8%	15.7%	12.6%
Free cash flow margin	-	-	-	-6.6%	-4.1%	-9.4%	-2.4%	0.4%	1.6%	9.1%
Return on equity	11.1%	11.9%	11.0%	12.1%	11.7%	11.3%	11.1%	10.8%	12.7%	10.5%
Return on assets	3.0%	3.2%	3.0%	3.4%	3.3%	3.2%	3.2%	3.2%	3.8%	3.1%
Current ratio	0.59	0.60	0.55	0.69	0.71	0.50	0.66	0.67	0.57	0.89
Debt to equity	1.42	1.48	1.38	1.33	1.22	1.17	1.16	1.05	1.07	1.12

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$2.29B	$2.06B	$3.43B	$2.54B	$2.10B	$2.01B	$3.15B	$2.28B	$1.86B	$1.77B	$2.68B	$2.22B
Cost of revenue	$651.20M	$555.60M	$1.39B	$921.50M	$608.10M	$570.50M	$1.17B	$738.40M	$520.80M	$469.70M	$927.10M	$761.10M
Gross profit	$1.64B	$1.51B	$2.04B	$1.62B	$1.50B	$1.44B	$1.98B	$1.55B	$1.34B	$1.30B	$1.75B	$1.46B
Operating income	$563.70M	$432.80M	$980.00M	$452.90M	$449.60M	$404.90M	$937.50M	$590.90M	$383.70M	$364.80M	$813.40M	$341.40M
Interest expense	$241.70M	$228.90M	$228.50M	$227.70M	$223.60M	$220.80M	$223.00M	$218.50M	$204.20M	$200.60M	$192.00M	$194.00M
Pre-tax income	$437.30M	$328.00M	$859.20M	$320.20M	$304.60M	$262.50M	$786.20M	$514.20M	$270.20M	$251.60M	$710.30M	$240.10M
Income tax	$47.00M	$27.00M	$53.10M	$3.40M	$34.40M	$19.50M	$60.70M	$61.10M	$31.60M	$41.60M	$87.70M	$21.60M
Net income	$389.30M	$299.20M	$804.40M	$316.60M	$271.30M	$245.40M	$724.20M	$453.50M	$240.10M	$211.30M	$622.30M	$218.50M
EPS, basic	$1.19	$0.92	$2.47	$0.95	$0.84	$0.77	$2.28	$1.43	$0.76	$0.67	$1.97	$0.69
EPS, diluted	$1.18	$0.91	$2.45	$0.95	$0.83	$0.76	$2.27	$1.43	$0.76	$0.67	$1.97	$0.69
Diluted shares	328.8M	328.9M	328.3M	-	325.6M	322.2M	319.3M	-	316.5M	316.2M	315.9M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$58.80M	$50.00M	$45.60M	$27.60M	$117.70M	$69.20M	$143.40M	$42.20M	$361.00M	$302.90M	$116.10M	$42.90M
Receivables	$1.40B	$1.53B	$1.91B	$2.06B	$1.27B	$1.50B	$1.81B	$1.67B	$1.18B	$1.24B	$1.56B	$1.50B
Current assets	$2.75B	$2.78B	$2.98B	$3.28B	$2.52B	$2.60B	$2.94B	$2.91B	$2.62B	$2.58B	$2.60B	$2.80B
Goodwill	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B	$3.05B
Total assets	$53.90B	$52.75B	$51.73B	$51.52B	$49.81B	$48.52B	$48.23B	$47.36B	$45.20B	$44.58B	$43.93B	$43.94B
Current liabilities	$5.19B	$5.21B	$4.39B	$5.59B	$5.05B	$4.70B	$5.86B	$4.84B	$4.01B	$3.49B	$4.71B	$5.11B
Short-term debt	$1.13B	$1.41B	$520.40M	$1.52B	$1.90B	$2.25B	$2.73B	$1.73B	$1.82B	$1.16B	$2.57B	$1.26B
Long-term debt	$19.72B	$19.22B	$19.38B	$18.50B	$17.66B	$17.11B	$16.16B	$17.18B	$16.89B	$16.91B	$15.38B	$15.37B
Total debt	$20.85B	$20.63B	$19.90B	$20.02B	$19.56B	$19.36B	$18.89B	$18.91B	$18.71B	$18.07B	$17.95B	$16.63B
Total liabilities	$38.89B	$38.18B	$37.16B	$37.47B	$35.80B	$34.85B	$34.81B	$34.56B	$32.81B	$32.19B	$31.50B	$31.87B
Shareholders' equity	$15.01B	$14.57B	$14.57B	$14.05B	$14.01B	$13.67B	$13.43B	$12.80B	$12.39B	$12.39B	$12.43B	$12.07B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$1.20B	$992.30M	$1.22B	$424.60M	$938.90M	$853.30M	$1.16B	$581.80M	$729.00M	$1.04B	$863.60M	$480.00M
Capital expenditures	$1.24B	$1.26B	$817.90M	-	$1.59B	$829.40M	$701.10M	-	$796.30M	$693.90M	$444.50M	-
Free cash flow	-$36.40M	-$269.70M	$400.50M	-	-$650.60M	$23.90M	$461.50M	-	-$67.30M	$343.50M	$419.10M	-
Investing cash flow	-$1.40B	-$1.31B	-$886.40M	-$1.30B	-$1.60B	-$871.00M	-$1.10B	-$1.75B	-$802.40M	-$814.60M	-$436.20M	-$786.50M
Financing cash flow	$231.50M	$310.40M	-$295.60M	$832.80M	$707.30M	-$56.50M	$40.40M	$848.70M	$131.50M	-$36.00M	-$476.50M	$330.30M
Dividends paid	$310.50M	$310.20M	$310.10M	$290.40M	$288.70M	$285.10M	$283.60M	$265.00M	$264.00M	$263.70M	$263.50M	$246.10M
Share repurchases	-	-	-	$0	$0	$0	$1.30M	$0	$0	$1.20M	$2.00M	$5.90M
Depreciation and amortization	$389.00M	$384.90M	$379.80M	$376.30M	$373.40M	$368.90M	$359.90M	$344.00M	$340.50M	$336.60M	$333.40M	$324.50M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	8.9%	2.6%	9.0%	11.1%	12.9%	13.4%	17.5%	3.0%	-4.8%	-3.2%	-7.2%	-13.3%
Net income growth, YoY	43.5%	21.9%	11.1%	-30.2%	13.0%	16.1%	16.4%	107.6%	-24.0%	-27.1%	22.6%	-13.5%
EPS growth, YoY	42.2%	19.7%	7.9%	-33.6%	9.2%	13.4%	15.2%	107.2%	-24.0%	-27.2%	22.4%	-12.7%
Gross margin	71.6%	73.1%	59.5%	63.7%	71.1%	71.6%	63.0%	67.7%	72.1%	73.5%	65.4%	65.7%
Operating margin	24.6%	21.0%	28.5%	17.9%	21.4%	20.1%	29.8%	25.9%	20.6%	20.6%	30.3%	15.4%
Net margin	17.0%	14.5%	23.4%	12.5%	12.9%	12.2%	23.0%	19.9%	12.9%	11.9%	23.2%	9.9%
Free cash flow margin	-1.6%	-13.1%	11.7%	-	-30.9%	1.2%	14.7%	-	-3.6%	19.4%	15.6%	-
Current ratio	0.53	0.53	0.68	0.59	0.50	0.55	0.50	0.60	0.65	0.74	0.55	0.55
Debt to equity	1.39	1.42	1.37	1.42	1.40	1.42	1.41	1.48	1.51	1.46	1.44	1.38

Source: XBRL data WEC Energy Group Inc. files with the SEC, latest filing dated Oct 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported May 5, 2011.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

WEC peers

Company	Revenue	Growth	Net income	Net margin	Market cap
WEC	$10.32B	+8.1%	$1.81B	17.5%	$38.12B
DUKDuke Energy Corporation (Holding Company)	$33.17B	+7.2%	$5.14B	15.5%	$99.63B
XELXcel Energy Inc.	$14.87B	+4.5%	$2.67B	17.9%	$51.13B
EXCExelon Corporation	$24.79B	+4.6%	$2.78B	11.2%	$47.21B
EDConsolidated Edison Inc.	$18.23B	+8.7%	$2.29B	12.6%	$43.85B
PEGPublic Service Enterprise Group Incorporated	$13.03B	+15.3%	$2.01B	15.4%	$36.20B
PCGPacific Gas & Electric Co.	$25.84B	+5.7%	$3.08B	11.9%	$34.75B
AEEAmeren Corporation	$8.75B	+3.8%	$1.56B	17.9%	$31.24B
CMSCMS Energy Corporation	$8.81B	+9.9%	$1.03B	11.6%	$21.70B

WEC FAQ

8 questions

What is WEC revenue?
WEC Energy Group Inc. (WEC) reported $10.32B of revenue for the twelve months ended Sep 30, 2026. That is up 8.1% from the year before. Revenue for fiscal 2025 was $9.80B.
Is WEC profitable?
Yes. WEC Energy Group Inc. earned $1.81B in net income for the twelve months ended Sep 30, 2026, a net margin of 17.5%.
How much cash and debt does WEC have?
WEC Energy Group Inc. reported $58.80M in cash and cash equivalents and $20.85B of debt on its most recent balance sheet in SEC filings.
How fast is WEC revenue growing?
WEC Energy Group Inc.'s revenue changed +14.0% in fiscal 2025, to $9.80B. Its compound annual growth rate was +6.2% over 5 years and +5.2% over 10 years.
What is WEC gross margin?
WEC Energy Group Inc.'s gross profit was $6.80B on $10.32B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 65.9%.
What is WEC earnings per share?
Diluted earnings per share were $5.49 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did WEC last report financial results?
The latest statements here come from WEC Energy Group Inc.'s 10-Q filed on Oct 30, 2026, covering the period ended Sep 30, 2026.
Where does this WEC financial data come from?
Quantisnow builds these statements from the structured XBRL data WEC Energy Group Inc. files with the SEC. It is provided for information only and is not investment advice.