WEC Energy Group Inc (WEC)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,528,400 | 1,293,400 | 1,369,300 | 1,447,700 | 1,332,900 | 1,367,100 | 1,352,800 | 1,350,300 | 1,408,400 | 1,379,600 | 1,367,600 | 1,356,100 | 1,300,300 | 1,315,100 | 1,291,900 | 1,257,500 | 1,199,900 | 1,204,800 | 1,172,300 | 1,166,400 |
| Revenue (ttm) | US$ in thousands | 8,599,900 | 8,533,200 | 8,627,100 | 8,685,100 | 8,893,000 | 9,233,900 | 9,279,500 | 9,577,400 | 9,597,400 | 9,240,900 | 8,984,400 | 8,532,700 | 8,316,000 | 8,047,500 | 7,952,000 | 7,824,500 | 7,241,700 | 7,255,800 | 7,212,800 | 7,254,300 |
| Net profit margin | 17.77% | 15.16% | 15.87% | 16.67% | 14.99% | 14.81% | 14.58% | 14.10% | 14.67% | 14.93% | 15.22% | 15.89% | 15.64% | 16.34% | 16.25% | 16.07% | 16.57% | 16.60% | 16.25% | 16.08% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,528,400K ÷ $8,599,900K
= 17.77%
The net profit margin of WEC Energy Group Inc has shown fluctuations over the analyzed period, ranging from a low of 14.10% on March 31, 2023, to a high of 17.77% on December 31, 2024. This metric measures the company's profitability as a percentage of its total revenue, indicating how well the company is managing its expenses and generating profits.
Notably, WEC Energy Group Inc experienced a decrease in net profit margin in the recent quarters of 2022 and early 2023, which may have been influenced by various factors such as changes in operating costs, revenue variations, or one-time expenses. However, the company managed to improve its net profit margin starting from March 31, 2024, reaching a strong level of 17.77% by December 31, 2024.
Investors and stakeholders should monitor WEC Energy Group Inc's net profit margin closely, as it reflects the company's ability to translate revenue into profits efficiently. An increasing net profit margin indicates effective cost management and revenue generation, while a declining margin may raise concerns about the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024