WEC Energy Group Inc (WEC)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	1,332,900	1,367,100	1,353,100	1,350,900	1,409,300	1,380,800	1,368,800	1,357,300	1,301,500	1,447,500	1,424,300	1,389,900	1,332,300	1,324,900	1,292,400	1,286,500	1,254,100	1,180,800	1,179,700	1,175,000
Revenue (ttm)	US$ in thousands	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	7,523,100	7,652,400	7,688,100	7,770,400
Net profit margin		14.99%	14.81%	14.58%	14.11%	14.68%	14.94%	15.24%	15.91%	15.65%	17.99%	17.91%	17.76%	18.40%	18.26%	17.92%	17.73%	16.67%	15.43%	15.34%	15.12%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,332,900K ÷ $8,893,000K
= 14.99%

The net profit margin of WEC Energy Group Inc has shown relatively consistent performance over the past eight quarters, ranging from 14.09% to 15.89%. The company's ability to generate profits from its revenue has remained stable, with the highest net profit margin recorded in Q1 2022 at 15.89% and the lowest in Q1 2023 at 14.09%. The fluctuations in the net profit margin indicate slight variations in the company's profitability, but the overall trend suggests a relatively healthy financial performance. This consistent profitability indicates that WEC Energy Group Inc has been effectively managing its expenses and generating returns for its shareholders.