WEC Energy Group Inc (WEC)

Return on equity (ROE)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 1,524,300 1,332,900 1,409,300 1,301,500 1,201,100
Total stockholders’ equity US$ in thousands 12,395,000 11,754,600 11,407,300 10,943,600 10,500,100
ROE 12.30% 11.34% 12.35% 11.89% 11.44%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,524,300K ÷ $12,395,000K
= 12.30%

The return on equity (ROE) of WEC Energy Group Inc has shown a generally positive trend over the years, increasing from 11.44% as of December 31, 2020, to 12.30% as of December 31, 2024. This indicates the company's ability to generate more profits from shareholders' equity, reflecting efficient management and utilization of its capital resources. The slight decrease in ROE in 2023 followed by an increase in 2024 suggests some fluctuations in profitability performance. Overall, the increasing ROE values demonstrate the company's effectiveness in generating returns for its shareholders over the years, albeit with some fluctuations.