Company / Interest Expense
WEC Energy Group Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$726.9M
FY2023
5-year range
$471.1M / $726.9M
FY2019-FY2023
Trend
+41.1%
vs FY2022
Sector context
#12 of 31
Utilities
What the data says
At $727M, WEC Energy Group's interest expense ranks #20 of 31 in the Utilities sector. Increased from $471M to $727M over the past 2 years.
Based on SEC 10-K filings.
$727M in FY2023 with a 5-year CAGR of +10.3%.
Increased from $471M to $727M over the past 2 years.
Utilities sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +13.8%
- 5-Year CAGR
- +10.3%
- 10-Year CAGR
- -
Sector benchmark
#20 of 31 in UtilitiesTop 61% of 31This company $726.9M Sector average $686.7M
▼
+5.9% above sector average
Key checks
Key Insights
- 5-year CAGR of +10.3%, indicating consistent growth.
- In FY2023, interest expense increased 41.1% year-over-year.
- Ranks #12 out of 31 companies in the Utilities sector.
- Lowest interest expense in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score 0.59 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $726.9M | +41.1% |
| FY2022 | $515.1M | +9.3% |
| FY2021 | $471.1M | -4.6% |
| FY2020 | $493.7M | -1.6% |
| FY2019 | $501.5M | +12.7% |
| FY2018 | $445.1M | +7.1% |
| FY2017 | $415.7M | +3.2% |
| FY2016 | $402.7M | +21.5% |
As of FY2023 · SEC 10-K · Updated Feb 28, 2026