WEC Energy Group, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.80B | $8.60B | $8.89B | $9.60B | $8.32B | $7.24B | $7.52B | $7.68B |
| Cost of Revenue | $3.27B | $2.66B | $3.19B | $4.36B | $3.31B | $2.32B | $2.68B | $2.90B |
| Gross Profit | $6.53B | $5.94B | $5.70B | $5.24B | $5.01B | $4.92B | $4.84B | $4.78B |
| Gross Margin | 66.7% | 69.1% | 64.1% | 54.6% | 60.2% | 68.0% | 64.4% | 62.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $2.24B | $2.15B | $1.91B | $1.92B | $1.71B | $1.71B | $1.53B | $1.47B |
| Operating Margin | 22.9% | 25.0% | 21.5% | 20.0% | 20.6% | 23.6% | 20.4% | 19.1% |
| Interest Expense | — | — | $726.9M | $515.1M | $471.1M | $493.7M | $501.5M | $445.1M |
| Pretax Income | $1.67B | $1.75B | $1.54B | $1.73B | $1.50B | $1.43B | $1.26B | $1.23B |
| Income Tax Expense | $118.0M | $222.0M | $204.6M | $322.9M | $200.3M | $227.9M | $125.0M | $169.8M |
| Net Income | $1.56B | $1.52B | $1.33B | $1.41B | $1.30B | $1.20B | $1.13B | $1.06B |
| Net Margin | 15.9% | 17.7% | 15.0% | 14.7% | 15.6% | 16.6% | 15.1% | 13.8% |
| EPS (Basic) | $4.84 | $4.83 | $4.22 | $4.46 | $4.12 | $3.80 | $3.60 | $3.36 |
| EPS (Diluted) | $4.81 | $4.83 | $4.22 | $4.45 | $4.11 | $3.79 | $3.58 | $3.34 |
| Shares Outstanding (Basic) | 321.9M | 316.2M | 315.4M | 315.4M | 315.4M | 315.4M | 315.4M | 315.5M |
| Shares Outstanding (Diluted) | 323.8M | 316.5M | 315.9M | 316.1M | 316.3M | 316.5M | 316.7M | 316.9M |
| Dividends Per Share | $3.57 | $3.34 | $3.12 | $2.91 | $2.71 | $2.53 | $2.36 | $2.21 |