WEC Utilities

WEC Energy Group, Inc.

$115.40-1.28%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Utilities
Industry: Utilities - Regulated Electric
Country: United States
Market cap: 37.6B USD
Enterprise value: 57.9B USD
Full-time employees: 7,000

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.53 vs a peer median of 1.03) and more debt relative to equity (1.55× vs a peer median of 1.19×)higher risk: less liquidity (current ratio 0.53 vs peers 1.03) and more debt vs equity (1.55× vs peers 1.19×)
About average: profitability

Ranks #230 of 348 utilities companies (bottom 35%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
WEC Energy reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

StockQuotient Score

43/ 100

Oct 5 45 → Nov 4 43 (-2)

Valuation

Is the price right?

29/100

Weak▼ 2 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 31 → 29

Share price +3.6%-2
Company's reported figures updated+1
Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.5%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.11Sector median: 0.0485 · MAD: 0.0319

EBITDA yield6.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.89Sector median: 0.0859 · MAD: 0.0250

Free cash flow yield-3.7%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score 0.00Sector median: 0.0000 · MAD: 0.0000

Other data (not scored)

Book yield38.8%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.6310 · MAD: 0.2684

Growth

Is it growing?

60/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 59 → 60

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth0.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.05Sector median: 0.0172 · MAD: 0.1791

3-year revenue growth3.0%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.20Sector median: 0.0196 · MAD: 0.0523

Revenue growth8.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.94Sector median: 0.0254 · MAD: 0.0681

Profitability

Does it earn well?

57/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 56 → 57

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Helped by:

▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin22.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.49Sector median: 0.1864 · MAD: 0.0865

Return on assets3.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.45Sector median: 0.0266 · MAD: 0.0124

Return on invested capital4.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.13Sector median: 0.0524 · MAD: 0.0237

Other data (not scored)

Gross margin65.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3581 · MAD: 0.1545

Return on equity11.6%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0807 · MAD: 0.0381

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.46

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.01Sector median: 0.4590 · MAD: 0.1730

Current ratio0.53×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.38Sector median: 1.0330 · MAD: 0.3620

Debt / equity1.55×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.68Sector median: 1.1925 · MAD: 0.5265

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about WEC Energy

Is WEC Energy getting weaker?: Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 43/100 since Oct 28, 2026.
How is WEC Energy valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 29/100 against 360 utilities peers. EBITDA yield 6.4% vs a peer median of 8.6% (weaker than 78% of peers).EBITDA yield 6.4% vs peers 8.6% (weaker than 78% of peers).
Is WEC Energy growing?: Yes, faster than most of its peers. Growth scores 60/100 against 360 utilities peers. Revenue growth 8.9% vs a peer median of 2.5% (stronger than 74% of peers).Revenue growth 8.9% vs peers 2.5% (stronger than 74% of peers).
How profitable is WEC Energy?: About as profitable as its peers. Profitability scores 57/100 against 360 utilities peers. Operating margin 22.8% vs a peer median of 18.6% (stronger than 65% of peers).Operating margin 22.8% vs peers 18.6% (stronger than 65% of peers).
How risky is WEC Energy?: Higher risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Current ratio 0.53× vs a peer median of 1.03× (weaker than 87% of peers).Current ratio 0.53× vs peers 1.03× (weaker than 87% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	10.1B USD	10.1B USD	+0.5%
Net income (12 months)	1.6B USD	1.7B USD	+3.5%
Operating margin	22.7%	22.8%	+0.2 pts
Debt	21.9B USD	22.6B USD	+2.8%
Cash	45.6M USD	50.0M USD	+9.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Utilities - Regulated Electric · 29 companies

Valuations in Utilities - Regulated Electric are above their usual range since 2016.

67% of months since 2016 were valued lower than now.
24% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +18% and earnings +20% (medians): prices and earnings moved broadly together.
Median price-to-sales is +1% vs the whole market, against a usual +1%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	60.2%	54.6%	64.1%	69.1%	66.7%	▼ 2.4 pts
Operating margin	20.6%	20.0%	21.5%	25.0%	22.9%	▼ 2.1 pts
Net margin	15.6%	14.7%	15.0%	17.7%	15.9%	▼ 1.9 pts
Return on assets (ROA)	3.3%	3.4%	3.0%	3.2%	3.0%	▼ 0.2 pts
Return on equity (ROE)	11.7%	12.1%	11.0%	11.9%	11.1%	▼ 0.8 pts
Free cash flow margin	-4.1%	-6.6%	—	—	—	—
Current ratio	0.71×	0.69×	0.55×	0.60×	0.59×	▼ 2.3%
Debt to equity	1.39×	1.47×	1.55×	1.56×	1.56×	▼ 0.2%
Interest coverage	3.64×	3.74×	2.62×	2.64×	2.51×	▼ 5.0%

WEC price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.53 vs a peer median of 1.03) and more debt relative to equity (1.55× vs a peer median of 1.19×)higher risk: less liquidity (current ratio 0.53 vs peers 1.03) and more debt vs equity (1.55× vs peers 1.19×)

About average: profitability

Ranks #230 of 348 utilities companies (bottom 35%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

WEC Energy reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Questions investors ask about WEC Energy

Is WEC Energy getting weaker?

Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 43/100 since Oct 28, 2026.

How is WEC Energy valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 29/100 against 360 utilities peers. EBITDA yield 6.4% vs a peer median of 8.6% (weaker than 78% of peers).EBITDA yield 6.4% vs peers 8.6% (weaker than 78% of peers).

Is WEC Energy growing?

Yes, faster than most of its peers. Growth scores 60/100 against 360 utilities peers. Revenue growth 8.9% vs a peer median of 2.5% (stronger than 74% of peers).Revenue growth 8.9% vs peers 2.5% (stronger than 74% of peers).

How profitable is WEC Energy?

About as profitable as its peers. Profitability scores 57/100 against 360 utilities peers. Operating margin 22.8% vs a peer median of 18.6% (stronger than 65% of peers).Operating margin 22.8% vs peers 18.6% (stronger than 65% of peers).

How risky is WEC Energy?

Higher risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Current ratio 0.53× vs a peer median of 1.03× (weaker than 87% of peers).Current ratio 0.53× vs peers 1.03× (weaker than 87% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

10.1B USD

10.1B USD

+0.5%

Net income (12 months)

1.6B USD

1.7B USD

+3.5%

Operating margin

22.7%

22.8%

+0.2 pts

Debt

21.9B USD

22.6B USD

+2.8%

Cash

45.6M USD

50.0M USD

+9.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

60.2%

54.6%

64.1%

69.1%

66.7%

▼ 2.4 pts

Operating margin

20.6%

20.0%

21.5%

25.0%

22.9%

▼ 2.1 pts

Net margin

15.6%

14.7%

15.0%

17.7%

15.9%

▼ 1.9 pts

Return on assets (ROA)

3.3%

3.4%

3.0%

3.2%

3.0%

▼ 0.2 pts

Return on equity (ROE)

11.7%

12.1%

11.0%

11.9%

11.1%

▼ 0.8 pts

Free cash flow margin

-4.1%

-6.6%

—

Current ratio

0.71×

0.69×

0.55×

0.60×

0.59×

▼ 2.3%

Debt to equity

1.39×

1.47×

1.55×

1.56×

▼ 0.2%

Interest coverage

3.64×

3.74×

2.62×

2.64×

2.51×

▼ 5.0%