WEC Energy Group Inc (WEC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,235,900 | 2,165,300 | 2,253,600 | 2,286,300 | 2,086,900 | 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 |
| 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 |
| Operating profit margin | 26.00% | 25.38% | 26.12% | 26.32% | 23.47% | 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% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,235,900K ÷ $8,599,900K
= 26.00%
The operating profit margin of WEC Energy Group Inc has shown fluctuation over the period from March 31, 2020, to December 31, 2024. The operating profit margin started at 22.27% in March 2020, increasing to 23.56% by December 2020. However, there was a slight decline in the operating profit margin to 21.84% by March 2021 and further to 20.62% by December 2021.
Subsequently, there were fluctuations in the operating profit margin, reaching a low of 19.44% in March 2023, but showing signs of recovery thereafter with a steady increase. The operating profit margin improved to 26.00% by December 2024.
Overall, the trend in the operating profit margin of WEC Energy Group Inc indicates some variability with periods of decline followed by periods of improvement. It is important for investors and stakeholders to assess the company's operational efficiency and profitability in conjunction with other financial metrics to gain a comprehensive understanding of its performance.
Peer comparison
Dec 31, 2024