WEC Energy Group, Inc. (WEC) Key Metrics
WEC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $35.42B
- Enterprise value
- $55.93B
- P/E (TTM)
- 21.1 10-yr median 20.9
- Forward P/E
- 16.9
- PEG ratio
- 1.99
- Price / sales
- 3.5 10-yr median 3.3
- Price / book
- 2.3 10-yr median 2.5
- EV / EBITDA
- 13.2 10-yr median 13.6
- Dividend yield
- 3.50% $3.81 a year
- Beta
- 0.44
WEC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsWEC valuation Price multiples at each fiscal year-end price.
WEC returns How much profit the business earns on the capital it uses.
WEC per-share figures Results divided by the shares outstanding at year-end.
WEC financial health Debt, liquidity and how easily interest is covered.
WEC efficiency & capital use Working capital cycle and where the cash goes.
WEC valuation history
WEC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WEC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WEC cash returned to shareholders
WEC price vs earnings per share
WEC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $34.58B | $29.76B | $26.59B | $29.64B | $30.70B | $29.13B | $29.21B | $21.95B | $21.07B | $18.59B |
| Enterprise value | $56.87B | $50.08B | $45.34B | $46.98B | $46.28B | $43.39B | $41.91B | $33.66B | $32.07B | $28.72B |
| P/E ratio | 22.2 | 19.5 | 19.9 | 21.0 | 23.6 | 24.3 | 25.7 | 20.7 | 17.5 | 19.8 |
| Price / sales | 3.5 | 3.5 | 3.0 | 3.1 | 3.7 | 4.0 | 3.9 | 2.9 | 2.8 | 2.5 |
| Price / book | 2.5 | 2.4 | 2.3 | 2.6 | 2.8 | 2.8 | 2.9 | 2.2 | 2.2 | 2.1 |
| Price / free cash flow | — | 69.1 | 50.6 | — | — | — | 344.9 | 66.6 | 175.5 | 27.3 |
| Price / operating cash flow | 10.2 | 9.3 | 8.8 | 14.4 | 15.1 | 13.3 | 12.5 | 9.0 | 10.1 | 8.8 |
| EV / sales | 5.8 | 5.8 | 5.1 | 4.9 | 5.6 | 6.0 | 5.6 | 4.4 | 4.2 | 3.8 |
| EV / EBITDA | 14.1 | 12.8 | 12.9 | 13.9 | 15.2 | 15.0 | 15.6 | 13.4 | 11.4 | 10.8 |
| EV / free cash flow | — | 116.3 | 86.3 | — | — | — | 494.8 | 102.1 | 267.0 | 42.3 |
| Earnings yield | 4.5% | 5.1% | 5.0% | 4.8% | 4.2% | 4.1% | 3.9% | 4.8% | 5.7% | 5.1% |
| Free cash flow yield | −2.9% | 1.4% | 2.0% | −0.9% | −0.7% | −0.1% | 0.3% | 1.5% | 0.6% | 3.7% |
| Dividend yield | 3.3% | 3.5% | 3.7% | 3.1% | 2.8% | 2.7% | 2.5% | 3.2% | 3.1% | 3.4% |
| Shareholder yield (dividends + buybacks) | 3.3% | 3.6% | 3.8% | 3.3% | 2.9% | 3.1% | 3.0% | 3.5% | 3.5% | 3.9% |
| Share price at fiscal year-end | $105.46 | $94.04 | $84.17 | $93.76 | $97.07 | $92.03 | $92.23 | $69.26 | $66.43 | $58.65 |
| Per share | ||||||||||
| Revenue per share | $29.89 | $27.17 | $28.15 | $30.36 | $26.29 | $22.88 | $23.75 | $24.23 | $24.11 | $23.58 |
| Earnings per share | $4.75 | $4.83 | $4.22 | $4.46 | $4.11 | $3.79 | $3.58 | $3.35 | $3.80 | $2.97 |
| Operating cash flow per share | $10.31 | $10.15 | $9.55 | $6.52 | $6.43 | $6.94 | $7.41 | $7.72 | $6.56 | $6.64 |
| Free cash flow per share | −$3.11 | $1.36 | $1.66 | −$0.86 | −$0.70 | −$0.14 | $0.27 | $1.04 | $0.38 | $2.15 |
| Cash per share | $0.08 | $0.03 | $0.14 | $0.09 | $0.05 | $0.08 | $0.12 | $0.27 | $0.12 | $0.12 |
| Book value per share | $41.61 | $39.26 | $37.21 | $36.09 | $34.60 | $33.18 | $32.03 | $30.99 | $29.92 | $28.27 |
| Tangible book value per share | $30.53 | $29.50 | $27.44 | $26.35 | $24.93 | $23.53 | $22.39 | $21.35 | $10.67 | $9.05 |
| Dividends per share | $3.50 | $3.34 | $3.12 | $2.90 | $2.70 | $2.52 | $2.35 | $2.20 | $2.07 | $1.97 |
| Capex per share | $13.41 | $8.79 | $7.89 | $7.38 | $7.12 | $7.07 | $7.14 | $6.68 | $6.18 | $4.49 |
| Debt per share | $68.05 | $64.22 | $59.51 | $54.94 | $49.29 | $45.15 | $40.21 | $37.23 | $34.78 | $32.11 |
| Shares outstanding | 327.9M | 316.5M | 315.9M | 316.1M | 316.3M | 316.5M | 316.7M | 316.9M | 317.2M | 316.9M |
| Change in shares outstanding | +3.6% | +0.2% | −0.1% | −0.1% | −0.1% | −0.1% | −0.1% | −0.1% | +0.1% | +16.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.0% | 12.6% | 11.5% | 12.6% | 12.1% | 11.6% | 11.4% | 11.0% | 13.1% | 10.7% |
| Return on invested capital (ROIC) | 6.4% | 5.9% | 5.6% | 5.7% | 5.8% | 6.0% | 6.2% | 6.0% | 6.8% | 5.5% |
| Return on assets (ROA) | 3.2% | 3.3% | 3.1% | 3.5% | 3.4% | 3.3% | 3.3% | 3.3% | 3.9% | 3.2% |
| Return on tangible assets | 3.3% | 3.5% | 3.3% | 3.6% | 3.6% | 3.5% | 3.6% | 3.5% | 4.7% | 3.9% |
| Free cash flow margin | −10.4% | 5.0% | 5.9% | −2.8% | −2.6% | −0.6% | 1.1% | 4.3% | 1.6% | 9.1% |
| Income quality (OCF / net income) | 2.17 | 2.10 | 2.26 | 1.46 | 1.56 | 1.83 | 2.07 | 2.31 | 1.73 | 2.24 |
| Financial health | ||||||||||
| Total debt | $22.31B | $20.33B | $18.80B | $17.37B | $15.59B | $14.29B | $12.73B | $11.80B | $11.03B | $10.18B |
| Cash & short-term investments | $27.6M | $9.8M | $42.9M | $28.9M | $16.3M | $24.8M | $37.5M | $84.5M | $38.9M | $37.5M |
| Net debt | $22.29B | $20.32B | $18.75B | $17.34B | $15.57B | $14.27B | $12.70B | $11.71B | $10.99B | $10.14B |
| Debt / equity | 1.64 | 1.64 | 1.60 | 1.52 | 1.42 | 1.36 | 1.26 | 1.20 | 1.16 | 1.14 |
| Debt / assets | 0.43 | 0.43 | 0.43 | 0.41 | 0.40 | 0.39 | 0.36 | 0.35 | 0.35 | 0.34 |
| Net debt / EBITDA | 5.51 | 5.19 | 5.32 | 5.14 | 5.12 | 4.92 | 4.72 | 4.65 | 3.92 | 3.79 |
| Current ratio | 0.47 | 0.60 | 0.55 | 0.69 | 0.71 | 0.50 | 0.66 | 0.67 | 0.57 | 0.89 |
| Quick ratio | 0.34 | 0.43 | 0.40 | 0.52 | 0.54 | 0.37 | 0.49 | 0.51 | 0.43 | 0.65 |
| Interest coverage | 2.7 | 2.6 | 2.6 | 3.7 | 3.6 | 3.5 | 3.1 | 3.3 | 4.3 | 4.2 |
| Working capital | −$3.28B | −$1.93B | −$2.32B | −$1.42B | −$1.10B | −$2.07B | −$1.09B | −$1.08B | −$1.66B | −$262.9M |
| Invested capital | $35.93B | $32.74B | $30.51B | $28.75B | $26.52B | $24.77B | $22.84B | $21.53B | $20.49B | $19.10B |
| Tangible asset value | $10.42B | $9.71B | $8.98B | $8.54B | $8.05B | $7.61B | $7.20B | $6.79B | $3.38B | $2.87B |
| Net current asset value | −$34.57B | −$31.65B | −$29.07B | −$27.07B | −$25.22B | −$24.28B | −$22.60B | −$21.39B | −$19.89B | −$18.99B |
| Graham number | $66.71 | $65.31 | $59.44 | $60.17 | $56.60 | $53.22 | $50.83 | $48.30 | $50.57 | $43.44 |
| Graham net-net per share | −$108.23 | −$103.93 | −$95.95 | −$90.03 | −$83.50 | −$79.54 | −$74.21 | −$70.41 | −$65.50 | −$62.80 |
| Capital allocation | ||||||||||
| Dividends paid | $1.15B | $1.06B | $984.2M | $917.9M | $854.8M | $798.0M | $744.5M | $697.3M | $656.5M | $624.9M |
| Share buybacks (net) | $1.3M | $3.2M | $16.6M | $69.2M | $33.1M | $99.2M | $140.1M | $72.4M | $71.3M | $108.0M |
| Dividend payout ratio | 73.7% | 69.1% | 73.8% | 65.1% | 65.7% | 66.4% | 65.6% | 65.8% | 54.5% | 66.5% |
| Dividends + buybacks / free cash flow | — | 246.0% | 190.4% | — | — | — | — | 233.4% | 606.0% | 107.8% |
| Capex / revenue | 44.9% | 32.3% | 28.0% | 24.3% | 27.1% | 30.9% | 30.1% | 27.5% | 25.6% | 19.1% |
| Capex / operating cash flow | 130.1% | 86.6% | 82.6% | 113.3% | 110.8% | 101.9% | 96.4% | 86.5% | 94.2% | 67.7% |
| Capex / depreciation | 2.97 | 2.05 | 1.97 | 2.08 | 2.10 | 2.29 | 2.44 | 2.50 | 2.45 | 1.87 |
| Stock-based compensation / revenue | — | 0.5% | 0.1% | 0.4% | −0.3% | −0.4% | −0.0% | 0.5% | 0.4% | 0.2% |
| SG&A / revenue | 0.1% | 0.1% | 0.1% | 22.8% | 26.6% | 30.9% | 31.7% | 32.1% | 2.5% | 2.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 69.5 | 67.3 | 68.2 | 63.2 | 59.4 | 60.0 | 59.6 | 62.5 | 61.9 | 55.4 |
| Days of inventory on hand | 60.9 | 60.2 | 54.6 | 41.8 | 40.0 | 45.2 | 41.2 | 38.4 | 42.1 | 48.3 |
| Days payables outstanding | 85.8 | 77.1 | 72.2 | 63.9 | 64.8 | 75.0 | 67.0 | 61.3 | 64.4 | 63.5 |
| Cash conversion cycle (days) | 44.6 | 50.4 | 50.5 | 41.2 | 34.7 | 30.2 | 33.9 | 39.6 | 39.6 | 40.2 |
| Receivables turnover | 5.25 | 5.42 | 5.35 | 5.77 | 6.14 | 6.09 | 6.12 | 5.84 | 5.90 | 6.58 |
| Payables turnover | 4.26 | 4.73 | 5.05 | 5.71 | 5.64 | 4.87 | 5.45 | 5.95 | 5.67 | 5.75 |
| Inventory turnover | 6.00 | 6.06 | 6.69 | 8.73 | 9.13 | 8.07 | 8.86 | 9.51 | 8.66 | 7.56 |
| Asset turnover | 0.20 | 0.19 | 0.21 | 0.24 | 0.22 | 0.20 | 0.22 | 0.24 | 0.25 | 0.25 |
| Average receivables | $1.87B | $1.59B | $1.66B | $1.66B | $1.35B | $1.19B | $1.23B | $1.32B | $1.30B | $1.14B |
| Average payables | $1.14B | $1.02B | $1.05B | $1.10B | $943.2M | $894.4M | $892.2M | $868.1M | $860.7M | $838.5M |
| Average inventory | $808.3M | $794.2M | $791.1M | $721.5M | $582.2M | $539.2M | $549.0M | $543.6M | $563.3M | $637.3M |
| Intangibles / total assets | 7.1% | 6.5% | 7.0% | 7.4% | 7.8% | 8.2% | 8.7% | 9.1% | 19.3% | 20.2% |
Computed from WEC's annual financial statements (latest annual report filed February 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
WEC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), WEC Energy traded at 22.2 times earnings, against a 10-year median of 20.9. Based on the latest twelve months, the trailing P/E is 21.1 and the forward P/E is 16.9. WEC Energy earned a return on equity of 12.0% and a return on invested capital of 6.4% in fiscal 2025. It ended the year with $22.3 billion of debt and $27.6 million in cash and short-term investments, net debt of $22.3 billion. It returned $1.1 billion to shareholders: $1.1 billion in dividends and $1.3 million in share buybacks. The share count rose 3.5% from 316.9M to 327.9M over 9 years.
See the WEC income statement, the WEC chart for price history, or the WEC stock overview for the latest quote and news.
WEC key metrics FAQ
What is WEC Energy's P/E ratio?
WEC Energy's trailing P/E ratio is 21.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 16.9. At the end of fiscal 2025 it was 22.2, compared with a 10-year median of 20.9.
What is WEC Energy's EV/EBITDA?
WEC Energy's enterprise value was 14.1 times EBITDA at the end of fiscal 2025 (enterprise value $56.9 billion, EBITDA $4.0 billion); the current EV/EBITDA is 13.2.
What is WEC Energy's return on equity?
WEC Energy's return on equity (ROE) was 12.0% in fiscal 2025: net income of $1.6 billion on average shareholders' equity of $13.0 billion.
What is WEC Energy's ROIC?
WEC Energy's return on invested capital was 6.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does WEC Energy have?
WEC Energy had total debt of $22.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.64 and $22.3 billion of net debt (5.51 times EBITDA).
What is WEC Energy's dividend yield?
WEC Energy's forward dividend yield is 3.50%. WEC Energy paid $1.1 billion in dividends in fiscal 2025 ($3.50 per share), a payout ratio of 73.7%.
Does WEC Energy buy back its shares?
Yes. WEC Energy spent $1.3 million on net share repurchases in fiscal 2025 Shares outstanding changed +3.6% over the year, to 327.9M..
What is WEC Energy's free cash flow yield?
WEC Energy generated -$1.0 billion of free cash flow in fiscal 2025, a free cash flow yield of −2.9% on its market value at year-end ($34.6 billion).
What is WEC Energy's current ratio?
WEC Energy's current ratio was 0.47 at the end of fiscal 2025: current assets were 0.47 times current liabilities.
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