The Tip Desk

WEC ENERGY GROUP, INC.

Company Stats

Market Cap
$32.8B
as of Sep 30, 2026
Enterprise Value
$53.0B
Shares Outstanding
329.0M
Free Float
99.8%

Income Statement

Revenue
$9.8B
Operating Income
$2.2B
Net Income
$1.6B
EBITDA
$3.7B
Non-cash Impairment
$145.9M
Revenue Growth, 3Y
0.7%
FCF Margin, 3Y Avg
0.2%
FCF Margin, Worst Year
-10.4%

Cash Flow

Free Cash Flow
-$1.0B
FCF Yield
-3.1%
Owner FCF Yield
-3.2%

Balance Sheet

Cash & Equivalents
$27.6M
Total Debt
$20.1B
Net Debt
$20.1B
Net Debt / EBITDA
5.40x
EV / EBITDA
14.22x
Net Debt / EBIT
8.96x

Returns & Capital

Dividends Paid
$1.1B
Dividend Yield
3.5%
Dividend Payout, 3Y Avg
72.3%
Share Repurchases
$1.3M
Buyback Yield, 3Y Avg
0.0%
SBC, 3Y Avg
$32.4M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$9.8B-$1.0B-10.4%
FY2024$8.6B$430.7M5.0%
FY2023$8.9B$525.5M5.9%
FY2022$9.6B-$636.2M-6.6%
FY2021$8.3B-$340.0M-4.1%

Annual filing data through FY ended December 31, 2025; shares and float as of November 8, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage