WEC Energy (WEC) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income Metrics
Revenue
3.1B
Gross Profit
1.4B
43.68%
Operating Income
937.5M
29.77%
Net Income
725.5M
23.04%
EPS (Diluted)
$2.27
Balance Sheet Metrics
Total Assets
48.2B
Total Liabilities
34.8B
Shareholders Equity
13.4B
Debt to Equity
2.59
Cash Flow Metrics
Operating Cash Flow
1.2B
Free Cash Flow
461.5M
Revenue & Profitability Trend
WEC Energy Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 8.6B | 8.9B | 9.6B | 8.3B | 7.2B |
| Cost of Goods Sold | 4.8B | 5.3B | 6.3B | 5.3B | 4.4B |
| Gross Profit | 3.8B | 3.6B | 3.3B | 3.0B | 2.9B |
| Gross Margin % | 44.0% | 40.5% | 34.4% | 36.1% | 39.9% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 2.2B | 2.1B | 1.9B | 1.7B | 1.7B |
| Operating Margin % | 25.2% | 23.5% | 20.0% | 20.6% | 23.6% |
| Non-Operating Items | |||||
| Interest Income | 17.2M | - | - | - | - |
| Interest Expense | 815.3M | 726.9M | 515.1M | 471.1M | 493.7M |
| Other Non-Operating Income | 379.5M | 176.3M | 323.5M | 255.0M | 216.9M |
| Pre-tax Income | 1.7B | 1.5B | 1.7B | 1.5B | 1.4B |
| Income Tax | 222.0M | 204.6M | 322.9M | 200.3M | 227.9M |
| Effective Tax Rate % | 12.7% | 13.3% | 18.6% | 13.4% | 15.9% |
| Net Income | 1.5B | 1.3B | 1.4B | 1.3B | 1.2B |
| Net Margin % | 17.7% | 15.0% | 14.7% | 15.6% | 16.6% |
| Key Metrics | |||||
| EBITDA | 3.8B | 3.6B | 3.4B | 3.0B | 2.9B |
| EPS (Basic) | $4.83 | $4.22 | $4.46 | $4.12 | $3.80 |
| EPS (Diluted) | $4.83 | $4.22 | $4.45 | $4.11 | $3.79 |
| Basic Shares Outstanding | 316200000 | 315400000 | 315400000 | 315400000 | 315400000 |
| Diluted Shares Outstanding | 316200000 | 315400000 | 315400000 | 315400000 | 315400000 |
Income Statement Trend
WEC Energy Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 9.8M | 42.9M | 28.9M | 16.3M | 24.8M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 1.7B | 1.5B | 1.8B | 1.5B | 1.2B |
| Inventory | 813.2M | 775.2M | 807.1M | 635.8M | 528.6M |
| Other Current Assets | 121.9M | 223.7M | 261.7M | 253.4M | 63.4M |
| Total Current Assets | 2.9B | 2.8B | 3.2B | 2.7B | 2.1B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 11.8B | 10.8B | 9.6B | 8.1B | 6.9B |
| Goodwill | 6.1B | 6.1B | 6.1B | 6.1B | 6.1B |
| Intangible Assets | - | - | - | - | - |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 336.2M | 383.1M | 427.3M | 361.1M | 295.6M |
| Total Non-Current Assets | 44.5B | 41.1B | 38.7B | 36.3B | 34.9B |
| Total Assets | 47.4B | 43.9B | 41.9B | 39.0B | 37.0B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 1.1B | 896.6M | 1.2B | 1.0B | 880.7M |
| Short-term Debt | 2.8B | 3.3B | 2.5B | 2.1B | 2.6B |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 859.2M | 933.1M | 884.6M | 680.9M | 704.7M |
| Total Current Liabilities | 4.8B | 5.1B | 4.6B | 3.8B | 4.1B |
| Non-Current Liabilities | |||||
| Long-term Debt | 17.5B | 15.5B | 14.8B | 13.5B | 11.7B |
| Deferred Tax Liabilities | 5.5B | 4.9B | 4.6B | 4.3B | 4.1B |
| Other Non-Current Liabilities | 1.4B | 1.3B | 996.0M | 1.2B | 1.2B |
| Total Non-Current Liabilities | 29.7B | 26.8B | 25.6B | 24.1B | 22.2B |
| Total Liabilities | 34.6B | 31.9B | 30.3B | 27.9B | 26.4B |
| Equity | |||||
| Common Stock | 3.2M | 3.2M | 3.2M | 3.2M | 3.2M |
| Retained Earnings | 8.1B | 7.6B | 7.3B | 6.8B | 6.3B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 12.8B | 12.1B | 11.6B | 11.1B | 10.7B |
| Key Metrics | |||||
| Total Debt | 20.3B | 18.8B | 17.3B | 15.6B | 14.3B |
| Working Capital | -1.9B | -2.3B | -1.4B | -1.1B | -2.1B |
Balance Sheet Composition
WEC Energy Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 1.5B | 1.3B | 1.4B | 1.3B | 1.2B |
| Depreciation & Amortization | 1.4B | 1.3B | 1.1B | 1.1B | 975.9M |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | -79.3M | 234.4M | -340.8M | -306.8M | -51.8M |
| Operating Cash Flow | 3.3B | 2.9B | 2.2B | 2.1B | 2.2B |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Acquisitions | -1.0B | -1.1B | -427.5M | -119.9M | -625.7M |
| Investment Purchases | - | - | - | - | - |
| Investment Sales | - | 10.4M | 15.4M | 18.7M | - |
| Investing Cash Flow | -1.0B | -1.1B | -327.5M | -59.0M | -568.0M |
| Financing Activities | |||||
| Share Repurchases | -3.2M | -16.6M | -69.2M | -33.1M | -99.2M |
| Dividends Paid | -1.1B | -984.2M | -917.9M | -854.8M | -798.0M |
| Debt Issuance | 4.5B | 2.2B | 2.0B | 2.4B | 2.4B |
| Debt Repayment | -2.1B | -1.0B | -344.7M | -1.6B | -1.8B |
| Financing Cash Flow | 444.0M | 515.7M | 390.2M | -61.7M | 557.3M |
| Free Cash Flow | 430.7M | 525.5M | -254.2M | -220.1M | -42.8M |
| Net Change in Cash | 2.7B | 2.3B | 2.3B | 1.9B | 2.2B |
Cash Flow Trend
WEC Energy Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
21.21
Forward P/E
21.17
Price to Book
2.69
Price to Sales
3.82
PEG Ratio
1.42
Profitability Ratios
Profit Margin
17.87%
Operating Margin
21.40%
Return on Equity
12.73%
Return on Assets
3.03%
Financial Health
Current Ratio
0.55
Debt to Equity
150.42
Beta
0.42
Per Share Data
EPS (TTM)
$5.21
Book Value per Share
$41.08
Revenue per Share
$29.27
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| wec | 35.6B | 21.21 | 2.69 | 12.73% | 17.87% | 150.42 |
| NextEra Energy | 147.5B | 24.96 | 2.90 | 7.59% | 22.85% | 152.94 |
| Southern Company | 101.5B | 23.84 | 2.98 | 11.23% | 15.10% | 189.66 |
| Duke Energy | 93.5B | 19.98 | 1.90 | 9.59% | 15.72% | 170.00 |
| American Electric | 58.5B | 16.05 | 1.96 | 13.01% | 17.66% | 150.71 |
| Dominion Energy | 51.2B | 19.95 | 1.95 | 9.14% | 16.96% | 151.44 |
Financial data is updated regularly. All figures are in the company's reporting currency.