WEC

MKT CAP:$37B

WEC Energy Group, Inc.

Market Cap

$37B

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Utilities·Regulated Electric·🇺🇸·NYSE

Stock Price

$114.57+$8.10 (+7.61%)

Apr 24, 2026

Company Details

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 six segments: Wisconsin, Illinois,...

CEO

Scott J. Lauber

IPO Date

Mar 17, 1980

Website

www.wecenergygroup.com

Key Metrics TTM

Revenue

$10.1B

+16.0% YoY

Net Income

$1.8B

EPS (Diluted)

$5.50

Free Cash Flow

-$1.3B

Revenue / Share

$30.73

Gross Margin

50.9%

Operating Margin

25.4%

Net Margin

17.5%

FCF Margin

-13.2%

P/S

3.7x

P/E

21.1x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 20, 2026

$9.8B+14.0%EPS $4.83

Q4 2025

Feb 20, 2026

$2.5B+11.1%EPS $0.97

Q3 2025

Oct 30, 2025

$2.1BEPS $0.83

Q1 2025

May 6, 2025

$3.1B+17.5%EPS $2.27

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$1.7B	$687M	$369M
Q3 21	$1.7B	$712M	$390M
Q4 21	$2.2B	$655M	$327M
Q1 22	$2.9B	$1.1B	$731M
Q2 22	$2.1B	$744M	$408M
Q3 22	$2.0B	$744M	$404M
Q4 22	$2.6B	$743M	$380M
Q1 23	$2.9B	$1.0B	$669M
Q2 23	$1.8B	$801M	$425M
Q3 23	$2.0B	$853M	$472M
Q4 23	$2.2B	$903M	$341M
Q1 24	$2.7B	$1.2B	$813M
Q4 24	$2.3B	$1.0B	$591M
Q1 25	$3.1B	$1.4B	$938M
Q3 25	$2.1B	$1.5B	$450M
Q4 25	$2.5B	$1.2B	$583M

Valuation

Quarter	P/S	P/E
Q2 21	3.6x	22.2x
Q3 21	3.5x	21.2x
Q4 21	3.6x	23.3x
Q1 22	3.6x	22.9x
Q2 22	3.5x	22.9x
Q3 22	3.2x	21.2x
Q4 22	3.2x	21.6x
Q1 23	3.1x	22.0x
Q2 23	3.0x	20.8x
Q3 23	2.6x	17.8x
Q4 23	3.0x	20.3x
Q1 24	3.0x	17.8x
Q4 24	3.3x	18.5x
Q1 25	3.4x	17.2x
Q3 25	3.6x	17.8x
Q4 25	3.4x	19.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$831M	$292M
Q3 21	$781M	$163M
Q4 21	$26M	-$599M
Q1 22	$1.1B	$693M
Q2 22	$686M	$41M
Q3 22	$297M	-$375M
Q4 22	$1M	-$632M
Q1 23	$796M	$297M
Q2 23	$958M	$384M
Q3 23	$784M	$128M
Q4 23	$480M	-$283M
Q1 24	$864M	$419M
Q4 24	$582M	-$265M
Q1 25	$1.2B	$462M
Q3 25	$939M	-$626M
Q4 25	$398M	-$905M

Capital Expenditures

Quarter	CapEx
Q2 21	$540M
Q3 21	$618M
Q4 21	$625M
Q1 22	$384M
Q2 22	$645M
Q3 22	$672M
Q4 22	$633M
Q1 23	$499M
Q2 23	$574M
Q3 23	$656M
Q4 23	$763M
Q1 24	$445M
Q4 24	$846M
Q1 25	$701M
Q3 25	$1.6B
Q4 25	$1.3B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+8.2%	+8.1%
Q3 21	+5.8%	+5.9%
Q4 21	+13.9%	+20.0%
Q1 22	+8.1%	+5.6%
Q2 22	+26.9%	+31.5%
Q3 22	+14.7%	+17.9%
Q4 22	+16.2%	+16.2%
Q1 23	-0.7%	+1.9%
Q2 23	-14.0%	-18.3%
Q3 23	-2.3%	-7.1%
Q4 23	-13.3%	-13.9%
Q1 24	-7.2%	-15.9%
Q4 24	+24.8%	+20.5%
Q1 25	+60.9%	+48.9%
Q3 25	-5.1%	-11.8%
Q4 25	-5.3%	+4.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q4 25	$592M

Revenue Segments

Quarter	Illinois	Non-Utility Energy Infrastructure	Other States	Wisconsin
Q1 22	$682M	$160M	$241M	$1.9B
Q4 22	$536M	$147M	$209M	$1.8B
Q1 23	$600M	$166M	$250M	$2.0B
Q1 24	$666M	$171M	$185M	$1.8B
Q1 25	$788M	$194M	$227M	$2.1B
Q4 25	$441M	$193M	$165M	$1.9B

Revenue by Geography

Quarter	Illinois	Non-Utility Energy Infrastructure	Other States	Wisconsin
Q1 22	$682M	$160M	$241M	$1.9B
Q4 22	$536M	$147M	$209M	$1.8B
Q1 23	$600M	$166M	$250M	$2.0B
Q1 24	$666M	$171M	$185M	$1.8B
Q1 25	$788M	$194M	$227M	$2.1B
Q4 25	$441M	$193M	$165M	$1.9B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$34M	$0	$34M
Q2 22	$30M	$0	$30M
Q3 22	$29M	$0	$29M
Q4 22	$29M	$0	$29M
Q1 23	$36M	$0	$36M
Q2 23	$55M	$0	$55M
Q3 23	$46M	$0	$46M
Q4 23	$43M	$0	$43M
Q1 24	$39M	$0	$39M
Q2 24	$224M	$0	$224M
Q3 24	$323M	$0	$323M
Q4 24	$10M	$0	$10M
Q1 25	$82M	$0	$82M
Q2 25	$23M	$0	$23M
Q3 25	$51M	$0	$51M
Q4 25	$28M	$0	$28M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	316M	+0.0%	-0.1%
Q3 21	316M	0.0%	-0.1%
Q4 21	316M	-0.0%	-0.1%
Q1 22	316M	0.0%	0.0%
Q2 22	316M	0.0%	-0.0%
Q3 22	316M	0.0%	-0.0%
Q4 22	316M	-0.1%	-0.1%
Q1 23	316M	0.0%	-0.1%
Q2 23	316M	0.0%	-0.1%
Q3 23	316M	-0.0%	-0.1%
Q4 23	316M	0.0%	-0.0%
Q1 24	316M	+0.0%	0.0%
Q4 24	318M	+0.5%	+0.5%
Q1 25	319M	+0.6%	+1.1%
Q3 25	326M	+2.0%	+3.1%
Q4 25	328M	+0.7%	+3.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$230.5K	7K
Q3 21	$240.1K	7K
Q4 21	$317.4K	7K
Q1 22	$419.2K	7K
Q2 22	$306.7K	7K
Q3 22	$288.7K	7K
Q4 22	$364.3K	7K
Q1 23	$411.3K	7K
Q2 23	$260.6K	7K
Q3 23	$278.8K	7K
Q4 23	$316.8K	7K
Q1 24	$382.9K	7K
Q4 24	$325.5K	7K
Q1 25	$448.8K	7K
Q3 25	$299.8K	7K
Q4 25	$361.6K	7K

Revenue / Employee