WEC Energy

WEC · Utilities · Market cap $35.7B

Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 31, 2025

Revenue$2.1B +13% year over year

Gross profit$1.5B

Operating profit$0.4B

Net profit$0.3B 13% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.1	100%	+13%
Total retail revenues	1.5	71%
Small commercial and industrial	0.5	24%
Resale	0.1	5%
Cost of revenue	−0.6	29%
Gross profit	1.5	71% margin	−1pp
Operating expenses	−1	50%	+0pp
Operating profit	0.4	21% margin	+1pp
Interest & other costs	−0.1
Net profit	0.3	13%	+0pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2	100%	+13%
Residential	1.2	60%
Large commercial and industrial	0.4	20%
Other wisconsin \| electric…	0.3	15%
Steam	0.1	5%
Cost of revenue	−0.6	30%
Gross profit	1.4	72% margin	−2pp
Operating expenses	−1	51%	+0pp
Operating profit	0.4	20% margin	+0pp
Interest & other costs	−0.2
Net profit	0.2	12%	+0pp

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	1.9	100%	−5%
Public Utility	1.8	95%	−5%
Other States	0.1	5%	+11%
Cost of revenue	−0.5	26%
Gross profit	1.3	72% margin	+2pp
Operating expenses	−1	51%	+0pp
Operating profit	0.4	21% margin	−4pp
Interest & other costs	−0.2
Net profit	0.2	13%	−3pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 31, 2025	$2.1B	+13%	19%	$0.3B	13%
Q2 FY25	Jun 30, 2025	Aug 1, 2025	$2B	+13%	20%	$0.2B	12%
Q3 FY24	Jul 1 – Sep 30, 2024	Nov 1, 2024	$1.9B	−5%	21%	$0.2B	13%