WEC Energy Group Inc (WEC)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 60.07% | 55.51% | 53.40% | 50.71% | 50.14% | 52.81% | 54.28% | 56.70% | 57.06% | 68.82% | 69.38% | 69.94% | 74.89% | 74.94% | 74.81% | 74.28% | 71.60% | 72.08% | 71.70% | 71.30% |
| 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% |
| Pretax margin | 17.29% | 17.43% | 17.33% | 16.92% | 18.05% | 18.02% | 18.15% | 18.87% | 18.06% | 20.68% | 20.59% | 20.48% | 21.54% | 21.35% | 20.53% | 19.80% | 18.33% | 16.80% | 16.78% | 17.01% |
| 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% |
WEC Energy Group Inc has shown a consistent improvement in its profitability ratios over the past few quarters. The gross profit margin has been steadily increasing, reaching 64.12% in Q4 2023, indicating efficient cost management and strong pricing power.
Similarly, the operating profit margin has also shown an upward trend, reaching 23.47% in Q4 2023. This suggests that the company has been effectively managing its operating expenses while generating revenue.
The pretax margin has remained relatively stable, hovering around the 17-18% range. This indicates that the company has been able to maintain consistent profitability before accounting for taxes and other expenses.
Lastly, the net profit margin, although slightly fluctuating, has shown a general improvement over the quarters, reaching 14.97% in Q4 2023. This indicates that WEC Energy Group Inc has been able to effectively manage its bottom line profitability after accounting for all expenses and taxes.
Overall, WEC Energy Group Inc's profitability ratios demonstrate a solid financial performance with improving margins, reflecting efficient operations and effective cost management strategies.
Return on investment
| 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 return on assets (Operating ROA) | 4.34% | 4.48% | 4.37% | 4.35% | 4.60% | 4.59% | 4.69% | 4.66% | 4.40% | 4.58% | 4.60% | 4.54% | 4.61% | 4.80% | 4.68% | 4.64% | 4.38% | 4.24% | 4.27% | 4.35% |
| Return on assets (ROA) | 3.03% | 3.15% | 3.15% | 3.16% | 3.37% | 3.39% | 3.46% | 3.48% | 3.34% | 3.77% | 3.77% | 3.70% | 3.60% | 3.74% | 3.69% | 3.69% | 3.59% | 3.43% | 3.48% | 3.48% |
| Return on total capital | 7.04% | 16.52% | 16.05% | 15.96% | 7.38% | 16.43% | 16.40% | 16.12% | 7.02% | 16.08% | 16.01% | 15.83% | 7.69% | 16.21% | 15.74% | 15.57% | 7.18% | 6.95% | 7.26% | 7.21% |
| Return on equity (ROE) | 11.34% | 11.60% | 11.55% | 11.58% | 12.35% | 12.13% | 12.09% | 12.04% | 11.89% | 13.23% | 13.11% | 12.87% | 12.69% | 12.64% | 12.41% | 12.40% | 12.36% | 11.71% | 11.74% | 11.73% |
WEC Energy Group Inc's profitability ratios show a stable performance over the quarters, indicating consistent profitability levels.
- The Operating return on assets (Operating ROA) fluctuated slightly between 4.37% to 4.75% during the last year, with Q4 2023 recording the highest at 4.75%. This metric reflects the company's ability to generate operating income from its assets.
- Return on assets (ROA) remained steady around 3.03% to 3.48% throughout the periods, with Q4 2022 showing the highest ROA at 3.36%. It signifies the efficiency in utilizing total assets to generate profit.
- Return on total capital saw small variations, ranging from 6.96% to 7.56% across the quarters. Q2 2022 registered the highest return on total capital at 7.56%, depicting the return generated from both debt and equity investments.
- Return on equity (ROE) stayed fairly consistent, ranging from 11.33% to 12.34% during the periods. Q4 2022 reported the highest ROE at 12.34%, reflecting the return generated for shareholders' equity.
Overall, WEC Energy Group Inc's profitability ratios demonstrate solid performance, showcasing efficient management of assets and capital to provide returns for both the company and its shareholders.