WEC Energy Group, Inc.

Electric & Other Services Combined

WECStrained8 of 11 basics passed

$103.74

+0.13%

Market cap $33.8B

$103.74

+0.13%

Market cap $33.8B

WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co.

It is a $33.8B utility company. Revenue grew 8.9% over the last year, it keeps 17¢ of every dollar of sales as profit, and it carries $20.4B of net debt. It trades at 20.0× earnings — in the cheapest third of its own history.

Website: wecenergygroup.com
Location: Milwaukee, WI
Employees: 7 151
Sector: Utilities

Share price · 3 years

$82.24 → $103.74+26.1%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $10.1B
Profit: keeps 17¢ of every $1 sold; $1.69B
Free cash flow: cash left after running the business; -$1.37B
Net debt: debt minus cash on hand; $20.4B
P/E: years of profit in the price; 20.0
EPS: earnings per share, TTM; $5.22
Dividend: pays out 71% of profit; 3.54%
Shares: up 2% since 2016 — dilution; 323.8M
Volatility: beta vs the market — under 1 swings less; 0.45

Revenue, last 10 years

52-week range

Low $100.78$103.74High $118.85

Today's price is 16% of the way from the year's low to its high.

P/E vs its history5y

20.0×median 21.4×

Higher than 21% of past days — in the cheapest third of its own history.

Valuation vs own history

P/E

20.0×

78%

P/S

3.3×

61%

EV/EBITDA

25.3×

29%

P/B

2.3×

76%

FCF yield

0.4%

16%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Insider activity · 90 days

-$103Knet selling

Purchases$0

Sales$103K

Insiders trading, last 14d0 buy · 0 sell

Standing in Utilities

Size$33.8Btop 47%
Revenue growth+0%top 65%
Net margin17%top 33%
Return on equity12%top 35%
P/E20.0×top 43%
Dividend yield3.54%top 38%

Ranked against 44 Utilities companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Growth and Health lag behind.

Valuation60

P/E vs own history21th pct · 20/25
FCF yield-4.1% · 0/25
P/S3.5x · 20/25
EV/EBITDA14.8x · 20/25

Growth30

Revenue CAGR4.2% · 6/25
Net income CAGR4.6% · 6/25
EPS CAGR ~5Y4.9% · 6/25
Fwd implied growth14.9% · 12/25

Profitability52

ROICn/a · 0/25
ROE12.2% · 12/25
Net margin16.7% · 20/25
Operating margin23.8% · 20/25

Health18

Altman Z0.91 · 3/25
Current ratio0.53 · 0/25
Interest coverage3.5x · 10/25
Net cash / debtD/A 40% · 5/25

Quality60

Piotroski F4/9 · 10/25
Beneish M-2.55 · 25/25
FCF conversion-81% · 0/25
Margin stabilityσ 2.6% · 25/25

Moat60

ROIC >12% years2/10 yrs · 0/25
Median gross margin64.3% · 25/25
FCF-positive years6/10 yrs · 10/25
Worst-year net marginworst 12.6% · 25/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Best year on record
$1.56B net income
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$7.47B in first reported year
2000Milestone
Marie, Michigan. *2000 WICOR, holding company of Wisconsin Gas, became part of Wisconsin Energy, creating the…

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$11 105 today — price return only

$9.8B revenue in FY2025

Revenue up 8.9% year over year

Profitable 10 years in a row

7 151 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

No standout strengths in the available data.

Watch-outs

Negative free cash flow (-$1.4B)
Altman Z-Score 0.91 — elevated financial-distress risk

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 11 checks passed

Revenue growing — the company sells more than a year ago+8.9% YoY
Profitable — makes more than it spends$1.69B TTM
Profit growing — earnings are higher than last year+2.6% YoY
Generates cash — cash left after running and investing-$1.37B TTM
Debt under control — could handle its obligationscurrent ratio 0.53
Established company — not a micro-cap — lower blow-up risk$33.8B market cap
Not printing shares — share count not ballooning — you keep your slice+2.3% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distressAltman Z 0.9 — distress
Pays a dividend — returns cash to shareholdersyield 3.54%
Valuation not extreme — price not wildly above earningsP/E 20.0

Peer comparisonWEC Energy Group, Inc. vs 6 largest utilities peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
WEC this company	$33.8B	20.0	+8.9%	16.7%	Strained
NEE NextEra Energy, Inc.	$161.3B	17.4	+10.8%	32.4%	Strained
CEG Constellation Energy Corporation	$105.8B	30.5	+26.0%	11.1%	Strained
SO The Southern Company	$99.1B	21.3	+6.4%	15.4%	Strained
DUK Duke Energy Corporation	$90.9B	17.3	+6.3%	15.8%	Strained
WMB Williams Companies Inc.	$89.2B	29.0	+8.7%	25.2%	Strained
KMI Kinder Morgan, Inc.	$72.4B	20.9	+12.5%	19.3%	Strained

Head-to-head: WEC vs NEE · WEC vs CEG · WEC vs SO

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 4Buy 6Hold 12Sell 2

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $10.1B · net income $1.69B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$10.1B

YoY 8.9%

Net income (TTM)

$1.69B

Margin 16.7%

Gross margin

35.8%

Operating margin

23.8%

P/E ratio

20.0

Dividend yield

3.54%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	7.2	8.3	9.6	8.9	8.6	9.8
Gross profit	4.9	5.0	5.2	5.7	5.9	6.5
Operating income (EBIT)	1.7	1.7	1.9	1.9	2.2	2.2
Net income	1.2	1.3	1.4	1.3	1.5	1.6
EPS (diluted)	3.79	4.11	4.45	4.22	4.83	4.81

Cash flowFree cash flow -$1.37B · operating cash flow $3.57B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

-$1.37B

Margin -13.5%

Operating cash flow (TTM)

$3.57B

FCF margin

-13.5%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	2.2	2.0	2.1	3.0	3.2	3.4
Capital expenditure	-2.2	-2.3	-2.3	-2.5	-2.8	-4.4
Free cash flow	-0.0	-0.2	-0.3	0.5	0.4	-1.0
FCF margin	-0.6%	-2.6%	-2.6%	5.9%	5.0%	-10.4%

Balance sheetAssets $51.5B · net debt $20.4B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

Cash vs debt

Total debt $20.4B − cash $27.6M = net debt $20.4B

Cash on hand covers 0% of debt.

Altman Z-Score

0.91

Distress zone

Interest coverage

3.5x

EBIT ÷ interest expense

ROE

12.2%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.0	0.0	0.0	0.0	0.0	0.0
Total assets	37.0	39.0	41.9	43.9	47.4	51.5
Total liabilities	—	—	—	—	—	—
Total debt	13.5	15.4	16.4	17.5	18.3	20.4
Equity	—	—	—	—	—	—
Net debt	13.5	15.4	16.4	17.5	18.3	20.4

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of WEC on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $103.74 · market cap $33.8B.