WEC Energy Group Inc (WEC)

Operating 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
Operating income (ttm)	US$ in thousands	1,908,000	1,947,000	1,879,200	1,862,100	1,924,200	1,870,600	1,856,400	1,817,000	1,714,900	1,758,600	1,738,800	1,708,800	1,706,100	1,698,700	1,639,400	1,615,200	1,531,400	1,458,100	1,449,900	1,466,100
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
Operating profit margin		21.46%	21.09%	20.25%	19.44%	20.05%	20.24%	20.66%	21.29%	20.62%	21.85%	21.87%	21.84%	23.56%	23.41%	22.73%	22.27%	20.36%	19.05%	18.86%	18.87%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,908,000K ÷ $8,893,000K
= 21.46%

The operating profit margin of WEC Energy Group Inc has shown a relatively stable performance over the past eight quarters, ranging from 19.44% to 23.47%. The margins have generally stayed above 20%, indicating the company's ability to efficiently generate profits from its operations. The highest margin was recorded in Q4 2023 at 23.47%, possibly due to improved cost management or increased revenues. While there was a slight fluctuation in the margins, the overall trend suggests a consistent and healthy profitability for the company.