WEC Energy Group Inc (WEC)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,152,800 | 1,908,000 | 1,924,200 | 1,714,900 | 1,706,100 |
| Revenue | US$ in thousands | 8,599,900 | 8,893,000 | 9,597,400 | 8,316,000 | 7,241,700 |
| Operating profit margin | 25.03% | 21.46% | 20.05% | 20.62% | 23.56% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,152,800K ÷ $8,599,900K
= 25.03%
Based on the provided data, WEC Energy Group Inc's operating profit margin has exhibited some fluctuations over the five-year period from December 31, 2020, to December 31, 2024. The operating profit margin stood at 23.56% at the end of 2020, showing a strong performance. This margin decreased to 20.62% by the end of 2021, reflecting a dip in profitability.
Continuing this trend, the operating profit margin further declined to 20.05% by the end of 2022, indicating potential challenges in maintaining profitability. However, the trend reversed in 2023, as the operating profit margin improved to 21.46%, suggesting a potential recovery.
Finally, by the end of 2024, the operating profit margin surged to 25.03%, signaling a substantial improvement in profitability. Overall, the company witnessed fluctuations in its operating profit margin over the period, with performance indicators showing both challenges and notable recoveries.
Peer comparison
Dec 31, 2024