WEC
WEC Energy Group Inc.Stock · UtilitiesS&P 500 Equal Weight 0.2% · S&P 500 0.06% · Russell 1000 0.06% · US Stock Market 0.05% · Russell 3000 0.05% · MSCI ACWI 0.04% · MSCI World 0.04%$105.33-0.02%
as of market close, Sep 11, 2026
☾ AH — —
WEC financial statements
The full income statement, balance sheet, and cash-flow statement for WEC Energy Group Inc. (WEC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 316.1M2024-09 316.4M2024-12 317.8M2025-03 319.1M2025-06 321.9M2025-09 325.3M2025-12 325.5M2026-03 325.7M2026-06 325.8M+3.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 9.80B+14.0% | 8.60B-3.3% | 8.89B-7.3% | 9.60B+15.4% | 8.32B+14.8% | |
| Cost of revenue | 3.27B+23.0% | 2.66B-16.8% | 3.19B-26.8% | 4.36B+31.6% | 3.31B+42.7% | |
| Restructuring | — | — | 1.60M-85.8% | 11.3M+145.7% | 4.60M | |
| Provision for credit losses | 143M+36.1% | 105M+45.7% | 72.0M-16.4% | 86.1M+13.7% | 75.7M-26.4% | |
| Operating income | 2.24B+4.3% | 2.15B+12.8% | 1.91B-0.8% | 1.92B+12.2% | 1.71B+0.5% | |
| Interest expense | 895M+9.8% | 815M+12.2% | 727M+41.1% | 515M+9.3% | 471M-4.6% | |
| Interest & investment income | 5.90M-65.7% | 17.2M+341.0% | 3.90M+225.0% | 1.20M | — | |
| Other non-operating income | 108M-39.5% | 178M+0.3% | 178M+38.0% | 129M-3.3% | 133M+67.5% | |
| Equity-method income | — | — | — | — | 158M-10.1% | |
| Gain (loss) on equity securities | — | — | — | — | 16.0M+154.0% | |
| Pre-tax income | 1.67B-4.2% | 1.75B+13.7% | 1.54B-11.3% | 1.73B+15.6% | 1.50B+4.9% | |
| Income tax | 118M-46.8% | 222M+8.5% | 205M-36.6% | 323M+61.2% | 200M-12.1% | |
| 1.56B+2.0% | 1.52B+14.5% | 1.33B-5.5% | 1.41B+8.6% | 1.30B+8.1% | ||
| Net income to non-controlling interest | -3.20M+22.0% | -4.10M-241.7% | -1.20M-400.0% | 400K+113.3% | -3.00M-1100.0% | |
| Net income to common | 1.56B+2.0% | 1.53B+14.7% | 1.33B-5.4% | 1.41B+8.3% | 1.30B+8.4% | |
| $4.81-0.4% | $4.83+14.5% | $4.22-5.2% | $4.45+8.3% | $4.11+8.4% | ||
| EPS (basic) | $4.84+0.2% | $4.83+14.5% | $4.22-5.4% | $4.46+8.3% | $4.12+8.4% | |
| Weighted-avg shares (basic) | 322M+1.8% | 316M+0.3% | 315M+0.0% | 315M+0.0% | 315M+0.0% | |
| Weighted-avg shares (diluted) | 324M+2.3% | 317M+0.2% | 316M-0.1% | 316M-0.1% | 316M-0.1% | |
| Dividends per share | $3.57+6.9% | $3.34+7.1% | $3.12+7.2% | $2.91+7.4% | $2.71+7.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.28B+12.8% | 2.91B+4.1% | 2.80B-12.3% | 3.19B+20.0% | 2.66B+27.5% | ||
| Cash & equivalents | 27.6M+181.6% | 9.80M-77.2% | 42.9M+48.4% | 28.9M+77.3% | 16.3M-34.3% | |
| Accounts receivable | 2.06B+23.6% | 1.67B+11.0% | 1.50B-17.3% | 1.82B+20.8% | 1.51B+25.2% | |
| Prepaid expenses | — | — | — | — | 246M-6.8% | |
| Other current assets | 120M-1.7% | 122M-45.5% | 224M-14.5% | 262M+3.3% | 253M+299.7% | |
| 51.5B+8.8% | 47.4B+7.8% | 43.9B+4.9% | 41.9B+7.4% | 39.0B+5.3% | ||
| Property, plant & equipment | 38.3B+10.5% | 34.6B+9.7% | 31.6B+8.5% | 29.1B+7.9% | 27.0B+5.0% | |
| Operating lease right-of-use | 69.5M+116.5% | 32.1M+0.3% | 32.0M+103.8% | 15.7M-19.5% | 19.5M-5.8% | |
| Goodwill | 3.05B+0.0% | 3.05B+0.0% | 3.05B+0.0% | 3.05B+0.0% | 3.05B+0.0% | |
| Intangible assets | 17.4M | — | — | — | — | |
| Other non-current assets | 384M+14.1% | 336M-12.2% | 383M-10.3% | 427M+18.3% | 361M+22.2% | |
| Total non-current assets | 48.2B+8.5% | 44.5B+8.0% | 41.1B+6.4% | 38.7B+6.5% | 36.3B+4.0% | |
| 5.59B+15.5% | 4.84B-5.3% | 5.11B+10.9% | 4.61B+22.9% | 3.75B-9.5% | ||
| Accounts payable | 1.14B+0.3% | 1.14B+26.8% | 897M-25.2% | 1.20B+19.1% | 1.01B+14.2% | |
| Deferred revenue | — | — | 236M | — | 140M | |
| Short-term & current debt | 1.52B-12.1% | 1.73B+36.8% | 1.26B+56.4% | 809M+788.5% | 91.0M-88.3% | |
| Current lease liability | 3.10M-27.9% | 4.30M-8.5% | 4.70M+17.5% | 4.00M+8.1% | 3.70M | |
| Other current liabilities | 1.01B+17.5% | 859M-7.9% | 933M+5.5% | 885M+29.9% | 681M-3.4% | |
| Finance lease liability (current) | 200K+0.0% | 200K | 0.00-100.0% | 72.7M-7.3% | 78.4M+867.9% | |
| Long-term debt | 18.5B+7.7% | 17.2B+11.8% | 15.4B+4.9% | 14.7B+8.8% | 13.5B+15.4% | |
| Deferred revenue (non-current) | 314M-6.1% | 335M-6.1% | 356M-3.9% | 371M-4.8% | 389M-5.6% | |
| Non-current lease liability | 73.0M+94.7% | 37.5M-3.4% | 38.8M+52.8% | 25.4M-12.7% | 29.1M | |
| Operating lease liability (total) | 76.1M+82.1% | 41.8M-3.9% | 43.5M+48.0% | 29.4M | — | |
| Finance lease liability (total) | 372M+22.6% | 304M+108.0% | 146M-20.4% | 183M+41.2% | 130M+104.6% | |
| Finance lease liability | 372M+22.7% | 303M+107.9% | 146M+32.0% | 111M+115.4% | 51.3M-7.2% | |
| Deferred tax liabilities | 5.89B+6.8% | 5.51B+12.1% | 4.92B+6.3% | 4.63B+7.4% | 4.31B+6.1% | |
| Other non-current liabilities | 963M+15.0% | 838M+0.3% | 835M+26.4% | 661M-45.1% | 1.20B-2.1% | |
| Total non-current liabilities | 31.9B+7.2% | 29.7B+11.1% | 26.8B+4.3% | 25.6B+6.3% | 24.1B+8.6% | |
| 14.1B+9.8% | 12.8B+6.1% | 12.1B+3.9% | 11.6B+4.5% | 11.1B+4.2% | ||
| Preferred stock | 30.4M+0.0% | 30.4M+0.0% | 30.4M+0.0% | 30.4M+0.0% | 30.4M+0.0% | |
| Common stock | 3.30M+3.1% | 3.20M+0.0% | 3.20M+0.0% | 3.20M+0.0% | 3.20M+0.0% | |
| Additional paid-in capital | 5.12B+18.7% | 4.32B+4.9% | 4.12B+0.0% | 4.12B-0.6% | 4.14B-0.1% | |
| Retained earnings | 8.49B+5.1% | 8.08B+6.2% | 7.61B+4.8% | 7.27B+7.2% | 6.78B+7.0% | |
| Accumulated other comprehensive income | -7.60M+2.6% | -7.80M-1.3% | -7.70M-13.2% | -6.80M-112.5% | -3.20M+52.9% | |
| Total equity incl. non-controlling | 14.1B+9.8% | 12.8B+6.1% | 12.1B+3.9% | 11.6B+4.5% | 11.1B+4.2% | |
| Total liabilities & equity | 51.5B+8.8% | 47.4B+7.8% | 43.9B+4.9% | 41.9B+7.4% | 39.0B+5.3% | |
| Common shares issued | 325M+2.4% | 318M | — | — | — | |
| Common shares outstanding | 325M+2.4% | 318M+0.7% | 315M+0.0% | 315M+0.0% | 315M+0.0% | |
| Shares outstanding (cover) | 326M+2.4% | 318M+0.7% | 316M+0.0% | 315M+0.0% | 315M+0.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.38B+5.2% | 3.21B+6.4% | 3.02B+46.5% | 2.06B+1.4% | 2.03B-7.4% | ||
| Depreciation & amortization | 1.48B+9.2% | 1.35B+7.1% | 1.26B+12.6% | 1.12B+4.5% | 1.07B+10.1% | |
| Deferred income taxes | — | 539M+134.3% | 230M-17.5% | 279M+150.9% | 111M-39.1% | |
| Change in inventory | -9.80M-125.8% | 38.0M+190.7% | -41.9M-124.5% | 171M+59.8% | 107M+605.7% | |
| Change in payables | 46.4M-53.5% | 99.7M+139.3% | -254M-309.1% | 122M-4.3% | 127M+307.0% | |
| Other operating activities | 93.2M+263.8% | -56.9M+64.5% | -161M+5.3% | -170M-83.2% | -92.5M-215.7% | |
| -4.87B-28.2% | -3.80B-6.9% | -3.56B-34.7% | -2.64B-14.3% | -2.31B+17.6% | ||
| Capital expenditure | — | — | — | 2.70B+13.7% | 2.37B-17.5% | |
| Free cash flow | — | — | — | -636M-87.1% | -340M+49.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Other investing activities | -32.1M-230.9% | -9.70M+27.1% | -13.3M-225.5% | 10.6M+138.8% | -27.3M-1616.7% | |
| 1.52B+225.8% | 468M-10.5% | 523M-22.7% | 676M+130.1% | 294M-51.1% | ||
| Long-term debt issued | 2.84B-36.2% | 4.46B+105.6% | 2.17B+8.5% | 2.00B-16.1% | 2.38B+0.4% | |
| Long-term debt repaid | 1.73B-19.1% | 2.14B+112.7% | 1.01B+991.6% | 92.1M-92.7% | 1.26B-28.7% | |
| Common stock issued | 762M+366.3% | 163M | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.30M-59.4% | 3.20M-80.7% | 16.6M-76.0% | 69.2M+109.1% | 33.1M-66.6% | |
| Dividends paid | 1.15B+8.7% | 1.06B+7.3% | 984M+7.2% | 918M+7.4% | 855M+7.1% | |
| Other financing activities | -10.5M-72.1% | -6.10M+10.3% | -6.80M+25.3% | -9.10M+1.1% | -9.20M+19.3% | |
| Net change in cash | 28.7M+123.3% | -123M-623.5% | -17.0M-118.0% | 94.7M+535.6% | 14.9M+253.6% | |
| Interest paid | 859M+9.3% | 786M+20.2% | 653M+34.7% | 485M+2.4% | 474M-3.9% | |
| Income taxes paid | -281M-6.5% | -264M-348.6% | -58.9M-212.4% | 52.4M+55.0% | 33.8M+21.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 34.3B+14.9% | 29.9B+12.5% | 26.6B-10.2% | 29.6B-3.4% | 30.6B+5.5% | |
| P/E | 22.1×+12.6% | 19.6×+0.8% | 19.4×-9.2% | 21.4×-9.2% | 23.6×-2.4% | |
| P/S | 3.5×+0.8% | 3.5×+20.8% | 2.9×-10.2% | 3.2×-13.1% | 3.7×-8.1% | |
| P/B | 2.4×+4.7% | 2.3×+6.4% | 2.2×-14.0% | 2.6×-7.4% | 2.8×+1.2% | |
| Earnings yield | 4.5%-11.2% | 5.1%-0.8% | 5.1%+10.1% | 4.7%+10.1% | 4.2%+2.5% | |
| Dividend yield | 3.4%-4.7% | 3.6%-4.2% | 3.7%+19.4% | 3.1%+11.2% | 2.8%+1.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: WEC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WEC filings on SEC EDGAR → Not investment advice.