Company Analysis

WEC Energy Group, Inc. (WEC)

NYSE: WEC · Electric & Other Services Combined · Milwaukee, WI · filing with the SEC since 1995
Grade5.5
◀ Past 6.4● Present 5.4▶ Future 4.9

Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedFeb 20, 2026Feb 21, 2025Feb 22, 2024Feb 23, 2023Feb 24, 2022Feb 25, 2021Feb 27, 2020Feb 26, 2019Feb 28, 2018Feb 28, 2017
Revenue9,800.18,599.98,893.09,597.48,316.07,241.77,523.17,679.57,648.57,472.3
Cost of revenue3,265.82,656.03,191.24,358.93,311.02,319.52,678.82,897.92,822.82,647.4
Total costs and expenses7,555.26,447.16,985.07,673.26,601.15,535.65,991.76,211.15,872.4r5,776.0r
Operating income2,244.92,152.81,908.01,924.21,714.91,706.11,531.41,468.41,776.1r1,696.3r
Interest expense895.1815.3727.4515.1471.1493.7501.5445.1415.7402.7
Interest and investment income5.917.23.91.2······
Share of profit of equity-method investments····158.1175.8127.6136.7154.3146.5
Other income (expense), net107.9178.2177.7128.8133.279.5102.270.373.7r66.6r
Total non-operating income (expense)-571.4-406.5-371.7-191.6-216.1-276.8-271.7-238.1-187.7r-189.6r
Income before income taxes1,673.51,746.31,536.31,732.61,498.81,429.31,259.71,230.31,588.41,506.7
Income tax expense118.0222.0204.6322.9200.3227.9125.0169.8383.5566.5
Income from continuing operations······1,134.71,060.51,204.9940.2
Net income including non-controlling interests1,555.51,524.31,331.71,409.71,298.51,201.41,134.71,060.51,204.9·
Net income to non-controlling interests-3.2-4.1-1.20.4-3.00.3-0.50.00.0·
Preferred dividends1.21.21.21.21.21.21.21.2··
Net income to common shareholders1,557.51,527.21,331.71,408.11,300.31,199.91,134.01,059.31,203.7939.0
Earnings per share, basic4.844.834.224.464.123.803.603.363.812.98
Earnings per share, diluted4.814.834.224.454.113.793.583.343.792.96
Weighted average shares, basic321.9316.2315.4315.4315.4315.4315.4315.5315.6315.6
Weighted average shares, diluted323.8316.5315.9316.1316.3316.5316.7316.9317.2316.9
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 2-for-1 split.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold
Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton WEC · research, not advice