How does WEC Energy Group (WEC) make money?

WEC Energy Group (WEC) generates revenue primarily from Wisconsin, which accounted for 71.7% of total revenue in TTM through Q1 2026. The company reported $10.08B in revenue and converted 16.2% of it into net profit, equivalent to roughly $1.64B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of WEC Energy Group (WEC)?

WEC Energy Group (WEC) reported a gross profit margin of 55.7% in TTM through Q1 2026, equivalent to $5.62B in gross profit on $10.08B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of WEC Energy Group (WEC)?

WEC Energy Group (WEC) reported an operating profit margin of 24% in TTM through Q1 2026, equivalent to $2.42B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of WEC Energy Group (WEC)?

WEC Energy Group (WEC) reported a net profit margin of 16.2% in TTM through Q1 2026, equivalent to $1.64B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is WEC Energy Group (WEC) profitable?

Yes. WEC Energy Group (WEC) reported $1.64B in net income for TTM through Q1 2026, with a net profit margin of 16.2%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does WEC Energy Group (WEC) spend on capital expenditures?

WEC Energy Group (WEC) spent $4.51B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 44.8% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does WEC Energy Group (WEC) generate?

WEC Energy Group (WEC) generated −$1.11B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -11.0%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of WEC Energy Group (WEC)?

WEC Energy Group (WEC) had an effective tax rate of 6.3% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of WEC Energy Group (WEC)?

WEC Energy Group (WEC) reports revenue across 4 reportable product segments, led by Wisconsin at 71.7% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does WEC Energy Group (WEC) generate most of its revenue?

Wisconsin is the largest geographic market for WEC Energy Group (WEC), accounting for 71.7% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How WEC Energy Group Makes Money: 2026 Visual Revenue Map

WEC Energy Group (WEC) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

WEC Energy Group (WEC) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for WEC Energy Group (WEC) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Wisconsin	$7.23B	71.7%
Illinois	$1.57B	15.6%
Non-Utility Energy Infrastructure	$750.98M	7.4%
Other States	$532.44M	5.3%
Total	$10.08B	100%

Wisconsin$7.23B
Illinois$1.57B
Non-Utility Energy Infrastructure$750.98M
Other States$532.44M
Total$10.08B

WEC Energy Group (WEC) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for WEC Energy Group (WEC), TTM through Q1 2026
Region	Revenue (USD)	% of total
Wisconsin	$7.57B	71.7%
Illinois	$1.65B	15.6%
Non-Utility Energy Infrastructure	$786.60M	7.4%
Other States	$557.70M	5.3%
Total	$10.56B	100%

Wisconsin
Illinois
Non-Utility Energy Infrastructure
Other States
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, WEC Energy Group (WEC) reports revenue across 4 operating segments; the largest segment was Wisconsin at 71.7%, followed by Illinois (15.6%) and Non-Utility Energy Infrastructure (7.4%). Separately, by end-market geography, Wisconsin accounted for 71.7% of revenue, followed by Illinois (15.6%) and Non-Utility Energy Infrastructure (7.4%).

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