NYSE:WEC · New York Stock Exchange
-$0.85 today
Vol 1.10M · Avg 2.21M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:WEC · Revenue to Net Income
Key Ratios
Analysis
$10.1B of revenue converted into $1.6B of net income for the selected period. Gross margin is 55.3% and net margin is 15.3%, showing how much revenue survives after costs and taxes. EPS is $5.01, tying the income statement back to per-share earnings.
Revenue
—
Operating Income
—
Net Income
—
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.8B +14.0% | $8.6B -3.3% | $8.9B -7.3% | $9.6B +15.4% | $8.3B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $4.8B +0.7% | $4.8B -9.0% | $5.3B -16.0% | $6.3B +18.4% | $5.3B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $5.0B +30.8% | $3.8B +5.1% | $3.6B +9.1% | $3.3B +10.0% | $3.0B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 50.5% +6.5pp | 44.0% +3.5pp | 40.5% +6.1pp | 34.4% -1.7pp | 36.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $591.5M | $0 | $0 | $0 | $0 | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $2.6B +57.9% | $1.6B -3.6% | $1.7B +23.0% | $1.4B +7.1% | $1.3B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $1.5B +9.2% | $1.4B +7.1% | $1.3B +12.6% | $1.1B +4.5% | $1.1B | $374.2M | $1.2B | $631.8M |
| EBITDA | $4.0B +3.3% | $3.9B +11.0% | $3.5B +4.7% | $3.4B +10.7% | $3.0B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 41.3% -4.2pp | 45.5% +5.9pp | 39.7% +4.6pp | 35.1% -1.5pp | 36.6% | 5.6% | 46.3% | 42.0% |
| Operating Income | $2.4B +10.3% | $2.2B +12.8% | $1.9B -0.8% | $1.9B +12.2% | $1.7B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 24.2% -0.8pp | 25.0% +3.6pp | 21.5% +1.4pp | 20.0% -0.6pp | 20.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 -100.0% | $17.2M | $0 -100.0% | $1.2M | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $895.1M +9.8% | $815.3M +12.1% | $727.4M +41.2% | $515.1M +9.3% | $471.1M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$701.4M -72.5% | -$406.5M -9.4% | -$371.7M -94.0% | -$191.6M +11.3% | -$216.1M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $1.7B -4.2% | $1.7B +13.7% | $1.5B -11.3% | $1.7B +15.6% | $1.5B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 17.1% -3.2pp | 20.3% +3.0pp | 17.3% -0.8pp | 18.1% +0.0pp | 18.0% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $118.0M -46.8% | $222.0M +8.5% | $204.6M -36.6% | $322.9M +61.2% | $200.3M | $1.3B | -$1.6B | $745.2M |
| Net Income | $1.6B +2.0% | $1.5B +14.7% | $1.3B -5.4% | $1.4B +8.3% | $1.3B | $4.9B | $4.8B | $4.7B |
| Net Margin | 15.9% -1.9pp | 17.8% +2.8pp | 15.0% +0.3pp | 14.7% -1.0pp | 15.7% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $5 +1.0% | $5 +14.0% | $4 -5.4% | $4 +8.3% | $4 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $5 +0.0% | $5 +14.5% | $4 -5.2% | $4 +8.3% | $4 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $325.4M +2.9% | $316.2M +0.3% | $315.4M +0.0% | $315.4M +0.0% | $315.4M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $327.9M +3.6% | $316.5M +0.2% | $315.9M -0.1% | $316.1M -0.1% | $316.3M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Entergy Corporation
NYSE:ETR
$52.71B
Consolidated Edison, Inc.
NYSE:ED
$42.01B
Public Service Enterprise Group Incorporated
NYSE:PEG
$40.67B
PG&E Corporation
NYSE:PCG
$37.55B
DTE Energy Company
NYSE:DTE
$32.05B
Ameren Corporation
NYSE:AEE
$31.83B
Fortis Inc.
NYSE:FTS
$29.52B
FirstEnergy Corp.
NYSE:FE
$28.06B
Eversource Energy
NYSE:ES
$28.00B
CMS Energy Corporation
NYSE:CMS
$24.01B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does WEC generate?
WEC Energy Group, Inc. (WEC) reported $9.80B of revenue in fiscal 2025.
Is WEC profitable?
WEC Energy Group, Inc. (WEC) reported $1.56B of net income, with a net margin of 15.9%.
Explore More
Continue the stock analysis
Jump to another research area for this company.