# WEC Energy Group, Inc. (WEC) — Stock CV

WEC Energy Group, Inc. is a $33.8B utility company. Revenue grew 8.9% over the last year, it keeps 17¢ of every dollar of sales as profit, and it carries $20.4B of net debt. It trades at 20.0× earnings — in the cheapest third of its own history.

> WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co.

## Identity

- **Ticker**: WEC
- **Sector**: Utilities
- **Industry**: Electric & Other Services Combined
- **Headquarters**: MILWAUKEE, WI
- **Employees**: 7 151
- **Website**: https://www.wecenergygroup.com
- **Market cap**: $33.8B
- **Last price**: $103.74
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $10.1B
- **Net income**: $1.69B
- **Free cash flow**: -$1.37B
- **Net debt**: $20.4B
- **P/E**: 20.0
- **Revenue growth (YoY)**: 8.9%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 60 |
| Growth | 30 |
| Profitability | 52 |
| Health | 18 |
| Quality | 60 |
| Moat | 60 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [x] Revenue growing — +8.9% YoY
- [x] Profitable — $1.69B TTM
- [x] Profit growing — +2.6% YoY
- [ ] Generates cash — -$1.37B TTM
- [ ] Debt under control — current ratio 0.53
- [x] Established company — $33.8B market cap
- [x] Not printing shares — +2.3% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — Altman Z 0.9 — distress
- [x] Pays a dividend — yield 3.54%
- [x] Valuation not extreme — P/E 20.0

## Experience (career milestones)

- **FY2025** — Best year on record: $1.56B net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $7.47B in first reported year
- **2000** — Marie, Michigan. *2000 WICOR, holding company of Wisconsin Gas, became part of Wisconsin Energy, creating the…

## Strengths

- None stand out in the data.

## Watch-outs

- Negative free cash flow (-$1.4B)
- Altman Z-Score 0.91 — elevated financial-distress risk

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $8.32B | $1.30B | -$220M |
| FY2022 | $9.60B | $1.41B | -$254M |
| FY2023 | $8.89B | $1.33B | $526M |
| FY2024 | $8.60B | $1.53B | $431M |
| FY2025 | $9.80B | $1.56B | -$1.02B |

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Source: https://stockcv.com/WEC — derived from company filings; may be delayed or incomplete. Information, not investment advice.