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WEC Energy Group, Inc.(WEC)

F

Financial data as of Dec 31, 2024Declining · Utilities

FCF Margin5.0%Free Cash Flow / Revenue
Cash Conversion210.1%Operating CF / Net Income
Free Cash Flow$430.7M
Revenue$8.6B
Net Cash-$20.3BNet debt position
Debt / FCF47.2xElevated debt burden
Current Ratio0.60Tight short-term liquidity
YoY FCF Growth-500.0%2 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseC
→
-2Extreme debt-to-FCF ratio (47.2x)
→
-1Current ratio below 1.0 (0.60)
→
-1Significant YoY FCF decline (-500.0%)
→
-1Only 2 positive quarters recently
→
-0.5Highly volatile FCF (consistency: 3.77)
→
FinalF

Analysis Summary

Strengths

  • Excellent cash conversion (210%)

Concerns

  • Low FCF margin (5.0%)
  • Heavy debt position ($20.3B)
  • High debt-to-FCF ratio (47.2x)
  • Current ratio below 1.0 — tight short-term liquidity
  • Only 2 positive FCF quarters recently
  • Significant YoY FCF decline (-500.0%)
  • Highly volatile quarterly FCF
  • Significant FCF decline (-500.0% YoY)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin5.0%
Net Margin17.8%
Operating CF Margin37.3%
CapEx Ratio32.3%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$20.3BNet debt position
Debt / FCF47.2xElevated debt burden
Current Ratio0.60Tight liquidity
Debt / Equity1.64Moderate leverage

Quarterly FCF Trend

-500.0% YoYDeclining (-500.0%)

Free cash flow per quarter

Sector Comparison — Utilities

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameWEC Energy Group, Inc.
SectorUtilities
Free Cash Flow$430.7M
Revenue$8.6B
Net Income$1.5B
Operating Cash Flow$3.2B
Capital Expenditure$2.8B
FCF Margin5.0%
Cash Conversion Rate210.1%
Net Margin17.8%
Total Debt$20.3B
Total Cash$9.8M
Net Cash-$20.3B
Current Ratio0.60
Debt / Equity1.64
Debt / FCF47.2x
YoY FCF Growth-500.0%
Positive Quarters2 of 5
Trend DirectionDeclining
Report DateDec 31, 2024
GradeF
Data SourceYahoo Finance

Related Research

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Sector Report5 min read

Utilities: An Entire Sector Failing Cash Flow

Every single utility we analyzed earned an F. The median FCF margin is negative. This isn't a sector, it's a capital incinerator.

Feb 13, 2026
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