Company / Operating Margin
WEC Energy Group Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
22.9%
FY2025
5-year range
20.1% / 25.0%
FY2021-FY2025
Trend
-8.5%
vs FY2024
Sector context
#28 of 61
Utilities
What the data says
At 22.9%, WEC Energy Group's operating margin ranks #28 of 61 in the Utilities sector. Operating Margin has fluctuated over the past 10 years, ranging from 19.1% in FY2018 to 25.0% in FY2024.
Based on SEC 10-K filings.
22.9% in FY2025 with a 5-year CAGR of -0.7%.
Improved from 21.5% to 22.9% over the past 2 years.
Utilities sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +2.9pp
- 5-Year Change
- -0.7pp
- 10-Year Change
- -
Sector benchmark
#28 of 61 in UtilitiesTop 46% of 61This company 22.9% Sector average 21.7%
▼
+5.8% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 8.5% year-over-year.
- Currently 1.3pp above the Utilities sector average.
- Peak operating margin was recorded in FY2024.
- Lowest operating margin in the period was in FY2018.
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 | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 22.9% | -8.5% |
| FY2024 | 25.0% | +16.6% |
| FY2023 | 21.5% | +7.0% |
| FY2022 | 20.1% | -2.8% |
| FY2021 | 20.6% | -12.5% |
| FY2020 | 23.6% | +15.7% |
| FY2019 | 20.4% | +6.5% |
| FY2018 | 19.1% | -17.7% |
| FY2017 | 23.2% | +2.3% |
| FY2016 | 22.7% | +7.6% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026