Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

WEC Energy Group

WEC stock analysis · Utilities · Electric Utilities

FY 2025-12-31ANNUAL FILINGS
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ⓘ These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$116.77HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$38B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

— Requires positive annual FCF, usable shares and discount rate above terminal growth.

Requires positive annual FCF, usable shares and discount rate above terminal growth.

How this is calculated ↗
Valuation

Reverse DCF

— No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

How this is calculated ↗
Valuation

Relative valuation

-4.9%

14 industry peers · median 23.2×

How this is calculated ↗
Valuation

Historical multiples

22.7×

7 annual observations · snapshot P/E 24.4× · 7.4% versus history

How this is calculated ↗
Valuation

Free cash flow yield

-2.7%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

5.2%

Normalized tax · financing-capital proxy

How this is calculated ↗
Valuation

Value composite

— Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

— Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

8.8%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

1.0%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-3.7%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

3.0%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 4.4B2020-12-31: cfo $2,196,000,000.002020-12-31: capex $2,874,300,000.0020202021-12-31: cfo $2,032,700,000.002021-12-31: capex $2,372,700,000.0020212022-12-31: cfo $2,060,700,000.002022-12-31: capex $2,696,900,000.0020222023-12-31: cfo $3,018,400,000.002023-12-31: capex $2,492,900,000.0020232024-12-31: cfo $3,211,800,000.002024-12-31: capex $2,781,100,000.0020242025-12-31: cfo $3,379,400,000.002025-12-31: capex $4,398,100,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%———
10.0%———
12.0%———

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-319.8B1.6B3.4B4.4B51.5B
2024-12-318.6B1.5B3.2B2.8B47.4B
2023-12-318.9B1.3B3B2.5B43.9B
2022-12-319.6B1.4B2.1B2.7B41.9B
2021-12-318.3B1.3B2B2.4B39B
2020-12-317.2B1.2B2.2B2.9B37B
2019-12-317.5B1.1B2.3B2.5B35B
2018-12-317.7B1.1B2.4B2.4B33.5B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue9.8BRevenues2026-02-20
netIncome1.6BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-20
Parent/common earnings proxy1.6BNetIncomeLossAvailableToCommonStockholdersBasic2026-02-20
cfo3.4BNetCashProvidedByUsedInOperatingActivities2026-02-20
capex4.4BPaymentsToAcquireOtherPropertyPlantAndEquipment
Reviewed 2023–2025 consolidated cash-flow statement capital expenditures; subsidiary acquisitions and capital contributions to transmission affiliates are separate and excluded.
2026-02-20
operatingIncome2.2BOperatingIncomeLoss2026-02-20
assets51.5BAssets2026-02-20
equity14.1BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-20
Parent book equity proxy—Not reported under a supported tag—
debt20BLongTermDebt2026-02-20
shortDebt1.9BShortTermBorrowings2026-02-20
cash27.6MCashAndCashEquivalentsAtCarryingValue2026-02-20
shares323.8MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-20
dividends1.1BPaymentsOfDividendsCommonStock2026-02-20
buybacks1.3MPaymentsForRepurchaseOfCommonStock2026-02-20
issuance761.9MProceedsFromIssuanceOfCommonStock2026-02-20