Utilities · Regulated Electric
Price
$118.85
Market Cap
$38.7B
Employees
7,000
Beta
0.47
Avg Volume
2,035,090
CEO
Scott J. Lauber
Business Description
WEC Energy Group, Inc. is a major energy provider operating across the United States, delivering regulated natural gas and electricity, as well as both regulated and non-regulated renewable energy services. The company's operations are divided into six main business segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. Its electricity generation relies on a diverse portfolio of sources, including coal, natural gas, oil, hydroelectric, wind, solar, and biomass. Beyond power generation, WEC Energy Group also provides electric transmission services, manages retail natural gas distribution, handles natural gas transportation, and is involved in the production, distribution, and sale of steam. As of December 31, 2021, the company's vast infrastructure network included approximately 35,800 miles of overhead electricity distribution lines and 35,600 miles of underground cables. This electrical system was supported by 440 distribution substations and 510,500 line transformers. For natural gas, its network comprised 50,900 miles of distribution mains, 1,200 miles of transmission mains, 2.3 million lateral services, and 500 distribution and transmission gate stations. Furthermore, WEC Energy Group managed 68.2 billion cubic feet of working gas capacity within its underground natural gas storage facilities. The company, founded in 1981, was previously known as Wisconsin Energy Corporation until it officially adopted the name WEC Energy Group, Inc. in June 2015. Its corporate headquarters are located in Milwaukee, Wisconsin.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
24.45
Stock Price: $118.85
EPS (Diluted): 4.86
EPS (Diluted): 4.86
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.52
Stock Price: $118.85
Total Equity: $13.64B
Shares: 327,900,000
Total Equity: $13.64B
Shares: 327,900,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
13.99
Market Cap: $38.71B
Total Debt: $21.94B
Cash: $27.60M
EBITDA: $4.05B
Total Debt: $21.94B
Cash: $27.60M
EBITDA: $4.05B
Enterprise Value (Takeover price (cap + debt - cash))
CALCMarket Cap + Total Debt - Cash
$60.6B
Market Cap: $38.71B
Total Debt: $21.94B
Cash: $27.60M
Total Debt: $21.94B
Cash: $27.60M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
50.5%
Gross Profit: $4.95B
Revenue: $9.80B
Revenue: $9.80B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
24.2%
Operating Income: $2.37B
Revenue: $9.80B
Revenue: $9.80B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
15.9%
Net Income: $1.56B
Revenue: $9.80B
Revenue: $9.80B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
11.4%
Net Income: $1.56B
Total Equity: $13.64B
Total Equity: $13.64B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
6.2%
Operating Income: $2.37B
Tax Rate: 7.1%
Equity: $13.64B
Total Debt: $21.94B
Cash: $27.60M
Tax Rate: 7.1%
Equity: $13.64B
Total Debt: $21.94B
Cash: $27.60M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.47
Current Assets: $2.89B
Current Liabilities: $6.17B
Current Liabilities: $6.17B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.61
Short-Term Debt: $3.44B
Long-Term Debt: $18.50B
Total Debt: $21.94B
Total Equity: $13.64B
Long-Term Debt: $18.50B
Total Debt: $21.94B
Total Equity: $13.64B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$29.89
Revenue: $9.80B
Shares: 327,900,000
Shares: 327,900,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$41.61
Total Equity: $13.64B
Shares: 327,900,000
Shares: 327,900,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-3.11
Operating CF: $3.38B
CapEx: -$4.40B
Shares: 327,900,000
CapEx: -$4.40B
Shares: 327,900,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.3%
Last Dividend: N/A
Stock Price: $118.85
Stock Price: $118.85
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $1.56B
Net Income: $1.56B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares WEC against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:59pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $8.3B | $9.6B | $8.9B | $8.6B | $9.8B |
| Cost of Revenue | $5.3B | $6.3B | $5.3B | $4.8B | $4.8B |
| Gross Profit | $3.0B | $3.3B | $3.6B | $3.8B | $5.0B |
| Operating Expenses | $1.3B | $1.4B | $1.7B | $1.6B | $2.6B |
| Operating Income | $1.7B | $1.9B | $1.9B | $2.2B | $2.4B |
| Net Income | $1.3B | $1.4B | $1.3B | $1.5B | $1.6B |
| EBITDA | $3.0B | $3.4B | $3.5B | $3.9B | $4.0B |
| EPS | $4.12 | $4.46 | $4.22 | $4.81 | $4.86 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:59pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $16.3M | $28.9M | $42.9M | $9.8M | $27.6M |
| Total Current Assets | $2.7B | $3.2B | $2.8B | $2.9B | $2.9B |
| Total Assets | $39.0B | $41.9B | $43.9B | $47.4B | $51.5B |
| Current Liabilities | $3.8B | $4.6B | $5.1B | $4.8B | $6.2B |
| Long-Term Debt | $13.5B | $14.6B | $15.4B | $17.2B | $18.5B |
| Total Liabilities | $27.9B | $30.3B | $31.9B | $34.6B | $37.5B |
| Total Equity | $10.9B | $11.4B | $11.8B | $12.4B | $13.6B |
| Retained Earnings | $6.8B | $7.3B | $7.6B | $8.1B | $8.5B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:59pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $2.0B | $2.1B | $3.0B | $3.2B | $3.4B |
| Capital Expenditure | -$2.3B | -$2.3B | -$2.5B | -$2.8B | -$4.4B |
| Free Cash Flow | -$220.1M | -$254.2M | $525.5M | $430.7M | -$1.0B |
| Acquisitions (net) | -$119.9M | -$427.5M | -$1.1B | -$1.0B | -$406.1M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$33.1M | -$69.2M | -$16.6M | -$3.2M | -$1.3M |
| Net Change in Cash | $14.9M | $94.7M | -$17.0M | -$123.0M | $28.7M |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:59pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +15.4% | -7.3% | -3.3% | +14.0% |
| Gross Profit Growth | +10.0% | +9.1% | +5.1% | +30.8% |
| Operating Income Growth | +12.2% | -0.8% | +12.8% | +10.3% |
| Net Income Growth | +8.3% | -5.4% | +14.7% | +2.0% |
| EBITDA Growth | +10.7% | +4.7% | +11.0% | +3.3% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:59pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-14 | $0.95 | 2026-04-16 | 2026-05-14 | 2026-06-01 |
| 2026-02-13 | $0.95 | 2025-12-04 | 2026-02-13 | 2026-03-01 |
| 2025-11-14 | $0.89 | 2025-10-16 | 2025-11-14 | 2025-12-01 |
| 2025-08-14 | $0.89 | 2025-07-17 | 2025-08-14 | 2025-09-01 |
| 2025-05-14 | $0.89 | 2025-04-17 | 2025-05-14 | 2025-06-01 |
| 2025-02-14 | $0.89 | 2024-12-05 | 2025-02-14 | 2025-03-01 |
| 2024-11-14 | $0.84 | 2024-10-17 | 2024-11-14 | 2024-12-01 |
| 2024-08-14 | $0.84 | 2024-07-18 | 2024-08-14 | 2024-09-01 |
| 2024-05-13 | $0.84 | 2024-04-18 | 2024-05-14 | 2024-06-01 |
| 2024-02-13 | $0.84 | 2023-12-20 | 2024-02-14 | 2024-03-01 |
| 2023-11-13 | $0.78 | 2023-10-19 | 2023-11-14 | 2023-12-01 |
| 2023-08-11 | $0.78 | 2023-07-20 | 2023-08-14 | 2023-09-01 |
| 2023-05-11 | $0.78 | 2023-04-20 | 2023-05-12 | 2023-06-01 |
| 2023-02-13 | $0.78 | 2022-12-13 | 2023-02-14 | 2023-03-01 |
| 2022-11-10 | $0.73 | 2022-10-20 | 2022-11-14 | 2022-12-01 |
| 2022-08-11 | $0.73 | 2022-07-21 | 2022-08-12 | 2022-09-01 |
| 2022-05-12 | $0.73 | 2022-04-21 | 2022-05-13 | 2022-06-01 |
| 2022-02-11 | $0.73 | 2021-12-02 | 2022-02-14 | 2022-03-01 |
| 2021-11-10 | $0.68 | 2021-10-21 | 2021-11-12 | 2021-12-01 |
| 2021-08-12 | $0.68 | 2021-07-15 | 2021-08-13 | 2021-09-01 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for WEC — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30