WEC Energy Group, Inc. (WEC) — Financial statements
Income statement, balance sheet, and cash flow for WEC Energy Group, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 9,800↑14.0% | 8,600↓3.3% | 8,893↓7.3% | 9,597↑15.4% | 8,316 | |
| Cost of Revenue | 4,846↑0.7% | 4,814↓9.0% | 5,292↓16.0% | 6,297↑18.4% | 5,317 | |
| Gross Profit | 4,954↑30.8% | 3,786↑5.1% | 3,601↑9.1% | 3,301↑10.0% | 3,000 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 592 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 1,987↑21.7% | 1,633↓3.6% | 1,693↑23.0% | 1,376↑7.1% | 1,285 | |
| Operating Expenses | 2,579↑57.9% | 1,633↓3.6% | 1,693↑23.0% | 1,376↑7.1% | 1,285 | |
| Total Costs & Expenses | 7,425↑15.2% | 6,447↓7.7% | 6,985↓9.0% | 7,673↑16.2% | 6,601 | |
| Operating Results | ||||||
| Operating Income | 2,375↑10.3% | 2,153↑12.8% | 1,908↓0.8% | 1,924↑12.2% | 1,715 | |
| Depreciation & Amortization | 1,479↑9.2% | 1,355↑7.1% | 1,264↑12.6% | 1,123↑4.5% | 1,074 | |
| EBITDA | 4,047↑3.3% | 3,916↑11.0% | 3,528↑4.7% | 3,370↑10.7% | 3,044 | |
| EBIT | 2,569↑0.3% | 2,562↑13.2% | 2,263↑0.7% | 2,248↑14.1% | 1,970 | |
| Interest & Other Income | ||||||
| Net Interest Income | -895↓12.2% | -798↓9.8% | -727↓41.4% | -514↓9.1% | -471 | |
| Interest Income | 0.00↓100.0% | 17 | 0.00↓100.0% | 1 | 0.00 | |
| Interest Expense | 895↑9.8% | 815↑12.1% | 727↑41.2% | 515↑9.3% | 471 | |
| Non-Operating Income | -194↑52.6% | -409↓15.1% | -355↓9.8% | -324↓26.9% | -255 | |
| Other Income / Expenses | -701↓72.5% | -407↓9.4% | -372↓94.0% | -192↑11.3% | -216 | |
| Income Before Tax | 1,674↓4.2% | 1,746↑13.7% | 1,536↓11.3% | 1,733↑15.6% | 1,499 | |
| Income Tax Expense | 118↓46.8% | 222↑8.5% | 205↓36.6% | 323↑61.2% | 200 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,556↑2.0% | 1,524↑14.5% | 1,332↓5.5% | 1,410↑8.6% | 1,299 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,558↑2.0% | 1,528↑14.7% | 1,333↓5.4% | 1,409↑8.3% | 1,302 | |
| Bottom-Line Net Income | 1,558↑2.0% | 1,527↑14.7% | 1,332↓5.4% | 1,408↑8.3% | 1,300 | |
| EPS (Basic) | 4.86↑1.0% | 4.81↑14.0% | 4.22↓5.4% | 4.46↑8.3% | 4.12 | |
| EPS (Diluted) | 4.83↑0.0% | 4.83↑14.5% | 4.22↓5.2% | 4.45↑8.3% | 4.11 | |
| Weighted Average Shares | 325↑2.9% | 316↑0.3% | 315↑0.0% | 315↑0.0% | 315 | |
| Weighted Average Diluted Shares | 328↑3.6% | 317↑0.2% | 316↓0.1% | 316↓0.1% | 316 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.