WELPP · CIK 0000107815
WISCONSIN ELECTRIC POWER COMPANY
Annual figures as reported, FY2014–FY2025. Ratios and growth rates derived on-page.
Electric Services
Company profile
Revenue
$4.5B
▲ +12.9% vs FY2024
Free cash flow
−$1.6B
▼ −806.3% vs FY2024
Total assets
$19.7B
▲ +14.5% vs FY2024
Revenue
Annual, as reported
Recent quarters
momentum · last 12 quartersRevenue — Mar ’26 quarter
$1.3B
▲ +12.2% vs Mar ’25
Revenue — trailing 12 months
$4.6B
▲ +12.6% vs Mar ’25
Quarterly revenue
Discrete quarters; Q4 derived from the annual figure
| Quarter | Revenue | Rev. YoY | Gross margin | Net income | Net margin | Diluted EPS |
|---|---|---|---|---|---|---|
| Mar ’26 | $1.3B | 12.2% | — | — | — | — |
| Dec ’25 | $1.1B | 14.8% | — | — | — | — |
| Sep ’25 | $1.2B | 11.4% | — | — | — | — |
| Jun ’25 | $1.0B | 12.1% | — | — | — | — |
| Mar ’25 | $1.2B | 13.5% | — | — | — | — |
| Dec ’24 | $959.8M | 1.1% | — | — | — | — |
| Sep ’24 | $1.1B | −2.2% | — | — | — | — |
| Jun ’24 | $902.0M | 0.2% | — | — | — | — |
Profitability & returns
quality of earningsMargins
Share of revenue kept at each line
Gross marginOperating margin
Cash flow
cash generationFree cash flow
Operating cash flow less capital expenditure
Operating cash flow
Net cash from operations
Balance sheet
financial positionStockholders’ equity
At fiscal year end
Net debt
Long-term debt less cash — negative means net cash
Growth rates
compounding, annualizedRevenue CAGR
+3.4%
3y
+5.9%
5y
+1.5%
10y
Key ratios
derived per fiscal year| Fiscal year | Gross margin | Op. margin | FCF margin | Current ratio | Debt / equity |
|---|---|---|---|---|---|
| FY2025 | 66.6% | 26.1% | −35.9% | 0.76× | 0.67× |
| FY2024 | 67.3% | 26.7% | −4.5% | 0.87× | 0.72× |
| FY2023 | 64.1% | 25.3% | −3.8% | 0.81× | 0.66× |
| FY2022 | 58.4% | 23.1% | −7.2% | 0.88× | 0.81× |
| FY2021 | 63.4% | 23.7% | −0.3% | 0.92× | 0.73× |
| FY2020 | 68.1% | 25.6% | 3.1% | 0.71× | 0.75× |
| FY2019 | 65.9% | 21.7% | 7.5% | 1.14× | 0.77× |
| FY2018 | 65.2% | 11.1% | 9.9% | 0.94× | 0.78× |
| FY2017 | 65.3% | 17.0% | 2.7% | 0.88× | 0.71× |
| FY2016 | 65.9% | 16.7% | 10.0% | 1.24× | 0.76× |
| FY2015 | 63.7% | 16.8% | 4.0% | 1.17× | 0.74× |
| FY2014 | 59.1% | 16.0% | 7.4% | 0.79× | 0.71× |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | $4.5B | $3.0B | $1.2B | — | — | $1.1B | $2.7B | $19.7B | $12.9B | $6.8B | $0 | $4.5B |
| FY2024 | $4.0B | $2.7B | $1.1B | — | — | $1.3B | $1.4B | $17.2B | $11.7B | $5.5B | $400K | $4.0B |
| FY2023 | $4.0B | $2.6B | $1.0B | — | — | $939.1M | $1.1B | $15.8B | $10.8B | $5.1B | $6.1M | $3.4B |
| FY2022 | $4.1B | $2.4B | $940.0M | — | — | $637.0M | $930.4M | $15.0B | $10.9B | $4.2B | $6.1M | $3.4B |
| FY2021 | $3.7B | $2.3B | $868.7M | — | — | $802.2M | $813.3M | $14.1B | $10.2B | $3.9B | $0 | $2.9B |
| FY2020 | $3.4B | $2.3B | $860.5M | — | — | $767.1M | $663.6M | $13.6B | $9.9B | $3.7B | $7.2M | $2.8B |
| FY2019 | $3.5B | $2.3B | $760.2M | — | — | $854.4M | $590.6M | $13.4B | $9.8B | $3.6B | $19.1M | $2.8B |
| FY2018 | $3.6B | $2.4B | $402.5M | — | — | $962.2M | $603.2M | $13.5B | $10.0B | $3.5B | $20.2M | $2.7B |
| FY2017 | $3.7B | $2.4B | $632.1M | — | — | $698.0M | $596.1M | $13.1B | $9.7B | $3.4B | $12.3M | $2.4B |
| FY2016 | $3.8B | $2.5B | $634.2M | — | — | $848.4M | $469.5M | $13.4B | $9.8B | $3.5B | $15.4M | $2.7B |
| FY2015 | $3.9B | $2.5B | $648.9M | — | — | $674.4M | $519.2M | $13.1B | $9.5B | $3.6B | $27.1M | $2.7B |
| FY2014 | $4.1B | $2.4B | $650.4M | — | — | $862.8M | $561.8M | $12.6B | $9.2B | $3.4B | $24.0M | $2.4B |
Latest filings
the most recent regulatory filings8-KCurrent report — material event2026-06-04 ↗424B2Prospectus2026-06-02 ↗FWPSEC filing2026-06-01 ↗424B5Prospectus2026-06-01 ↗SCHEDULE 13G/ASEC filing2026-05-15 ↗10-QQuarterly report2026-05-07 ↗8-KCurrent report — material event2026-05-06 ↗8-KCurrent report — material event2026-04-01 ↗ARSSEC filing2026-03-26 ↗DEF 14CSEC filing2026-03-26 ↗
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