WEC Energy Group, Inc. (WEC) Income Statement

NYSE: WECRevenue, profits, margins and EPS over 10 years.

WEC 2025 at a glance

Fiscal year ended December 31, 2025 · U.S. dollars
Revenue+14.0%
$9.80B
2025 · hover or tap a bar for each year
2016: $7.47B (+26.1%)2017: $7.65B (+2.4%)2018: $7.68B (+0.4%)2019: $7.52B (−2.0%)2020: $7.24B (−3.7%)2021: $8.32B (+14.8%)2022: $9.60B (+15.4%)2023: $8.89B (−7.3%)2024: $8.60B (−3.3%)2025: $9.80B (+14.0%)
20162025
Gross profit+30.8%
$4.95B
2025 · hover or tap a bar for each year
2016: $2.65B (+34.2%)2017: $2.77B (+4.4%)2018: $2.51B (−9.3%)2019: $2.66B (+5.9%)2020: $2.89B (+8.7%)2021: $3.00B (+3.8%)2022: $3.30B (+10.0%)2023: $3.60B (+9.1%)2024: $3.79B (+5.1%)2025: $4.95B (+30.8%)
20162025
Operating income+10.3%
$2.37B
2025 · hover or tap a bar for each year
2016: $1.68B (+34.5%)2017: $1.79B (+6.1%)2018: $1.47B (−17.7%)2019: $1.53B (+4.3%)2020: $1.71B (+11.4%)2021: $1.71B (+0.5%)2022: $1.92B (+12.2%)2023: $1.91B (−0.8%)2024: $2.15B (+12.8%)2025: $2.37B (+10.3%)
20162025
Net income+2.0%
$1.56B
2025 · hover or tap a bar for each year
2016: $940.2M (+46.8%)2017: $1.20B (+28.2%)2018: $1.06B (−12.0%)2019: $1.14B (+7.0%)2020: $1.20B (+5.8%)2021: $1.30B (+8.4%)2022: $1.41B (+8.3%)2023: $1.33B (−5.4%)2024: $1.53B (+14.7%)2025: $1.56B (+2.0%)
20162025
EPS (diluted)+8.0%
$5.28
2025 · hover or tap a bar for each year
2016: $2.95 (+10.5%)2017: $3.14 (+6.4%)2018: $3.35 (+6.7%)2019: $3.58 (+6.9%)2020: $3.79 (+5.9%)2021: $4.11 (+8.4%)2022: $4.46 (+8.5%)2023: $4.22 (−5.4%)2024: $4.89 (+15.9%)2025: $5.28 (+8.0%)
20162025
Net profit margin−1.9 pts
15.9%
2025 · hover or tap a point for each year
2016: 12.6% (+1.8 pts)2017: 15.8% (+3.2 pts)2018: 13.8% (−1.9 pts)2019: 15.1% (+1.3 pts)2020: 16.6% (+1.5 pts)2021: 15.7% (−0.9 pts)2022: 14.7% (−1.0 pts)2023: 15.0% (+0.3 pts)2024: 17.8% (+2.8 pts)2025: 15.9% (−1.9 pts)
20162025

WEC revenue and net income

RevenueNet incomeNet margin (right axis)

Where WEC's revenue goes

2025
Revenue
$9.80B100.0%
Cost of revenue
−$4.85B−49.5%
Gross profit
$4.95B50.5%
Sales, general & admin
−$7.8M−0.1%
Other operating expenses
−$2.57B−26.2%
Operating income
$2.37B24.2%
Interest & other expense
−$701.4M−7.2%
Income taxes
−$118.0M−1.2%
Net income
$1.56B15.9%

Each bar shows an amount and its share of revenue. WEC kept 15.9% of revenue as net income.

WEC profit margins

GrossOperatingNet

WEC growth rates

to 2025
1 year3 years5 years10 years
Revenue+14.0%+0.7%+6.2%+5.2%
Gross profit+30.8%+14.5%+11.4%+9.6%
Operating income+10.3%+7.3%+6.8%+6.6%
Net income+2.0%+3.4%+5.3%+9.3%
EPS (diluted)+8.0%+5.8%+6.9%+7.1%

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

WEC quarterly EPS vs estimates

Reported EPSAnalyst estimate

WEC Energy beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.95).

WEC income statement

2025202420232022202120202019201820172016
Revenue$9.80B$8.60B$8.89B$9.60B$8.32B$7.24B$7.52B$7.68B$7.65B$7.47B
Cost of revenue$4.85B$4.81B$5.29B$6.30B$5.32B$4.35B$4.86B$5.17B$4.88B$4.82B
Gross profit$4.95B$3.79B$3.60B$3.30B$3.00B$2.89B$2.66B$2.51B$2.77B$2.65B
Research & development———————$0$0$0
Sales, general & admin$7.8M$5.8M$5.9M$2.19B$2.22B$2.24B$2.39B$2.47B$194.9M$194.7M
Total operating expenses$2.58B$1.63B$1.69B$1.38B$1.28B$1.18B$1.13B$1.04B$993.5M$957.3M
Operating income$2.37B$2.15B$1.91B$1.92B$1.71B$1.71B$1.53B$1.47B$1.79B$1.68B
Interest income$5.9M$17.2M$3.9M$320.4M$313.0M$317.9M$352.7M$308.4M$261.4M$256.2M
Interest expense$895.1M$815.3M$727.4M$515.1M$471.1M$493.7M$501.5M$445.1M$415.7M$402.7M
Income before taxes$1.67B$1.75B$1.54B$1.73B$1.50B$1.43B$1.26B$1.23B$1.59B$1.51B
Income taxes$118.0M$222.0M$204.6M$322.9M$200.3M$227.9M$125.0M$169.8M$383.5M$566.5M
Net income$1.56B$1.53B$1.33B$1.41B$1.30B$1.20B$1.14B$1.06B$1.20B$940.2M
EBITDA$4.05B$3.92B$3.53B$3.37B$3.04B$2.90B$2.69B$2.52B$2.80B$2.67B
EPS (diluted)$5.28$4.89$4.22$4.46$4.11$3.79$3.58$3.35$3.14$2.95
Gross margin50.5%44.0%40.5%34.4%36.1%39.9%35.4%32.7%36.2%35.5%
Operating margin24.2%25.0%21.5%20.0%20.6%23.6%20.4%19.1%23.3%22.5%
Net margin15.9%17.8%15.0%14.7%15.7%16.6%15.1%13.8%15.8%12.6%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WEC's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.

WEC financial results

In fiscal year 2025 (ended December 31, 2025), WEC Energy reported revenue of $9.8 billion, up 14.0% from the year before. It had net income of $1.6 billion (up 2.0%), a net profit margin of 15.9%. Diluted earnings per share came to $5.28. Over five years revenue grew at an average rate of 6.2% a year.

See the WEC stock overview for the latest quote and news, or the WEC chart for price history and technical indicators.

WEC income statement FAQ

What is WEC Energy's annual revenue?

WEC Energy reported total revenue of $9.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 14.0% from $8.6 billion the previous year.

Is WEC Energy profitable?

Yes. WEC Energy reported net income of $1.6 billion in fiscal 2025, a net profit margin of 15.9%; its operating margin was 24.2%.

What is WEC Energy's gross margin?

WEC Energy's gross margin was 50.5% in fiscal 2025: for every $100 of revenue, WEC Energy kept $51 after the direct cost of its products and services.

How fast is WEC Energy growing?

Revenue grew 6.2% a year on average over the last five fiscal years, from $7.2 billion to $9.8 billion.

What are WEC Energy's earnings per share?

WEC Energy earned $5.28 per diluted share in fiscal 2025, compared with $4.89 a year earlier.

When will WEC Energy report its next earnings?

WEC Energy is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.

When does WEC Energy's fiscal year end?

WEC Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.

Utilities - Regulated Electric income statements