WISCONSIN ELECTRIC POWER COMPANY
WELPM · Utilities · $3.5B mkt cap · FY2025 filings · · Shallow moat ·
Doesn't clear the bar
The five investor questions
Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend.
Median gross margin 65.6% over 10y, very stable.
Median ROIC 8.7%, above the 12% hurdle in 0% of years.
Net debt/EBITDA 2.9x, interest coverage 2x.
Owner earnings changed -0.8%/yr over up to the ten most recent annual observations.
The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
- Not reported
- Unavailable — insufficient owner-earnings data
- Unavailable — insufficient growth-model data
- $106.00
- No price data
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.
Among the current top-score group, the median current price is 238% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.
Score records captured Sep 4, 2026.
Exactly which 50 companies?
FTNT, META, MEDP, IBEX, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, CPRT, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, INTU, DECK, MORN, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE
Missing a usable price or zero-growth estimate: ANF.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
18 years of fundamentals
The business, in plain English
WISCONSIN ELECTRIC POWER COMPANY booked $4.5B of revenue in FY2025 in the Utilities sector and kept 66.6% of it as gross profit — a high-margin business by that measure.
Across the filed record, revenue grew from $3.7B (FY2011) to $4.5B (FY2025) — about 1.3% a year compounded over 14 years.
It earned 8.3% on invested capital in the latest filed year, FY2025. Across the full 17-year measurable filed record, median ROIC was 6.8%. Over the v3 recent window (10 measurable filed years), median ROIC was 8.7%. The Returns on Capital filter above scores it 16/100.
The balance sheet carried $5.2B of total debt in FY2025. Balance-Sheet Safety scores it 16/100.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Exact FY and FY-1 financing invested-capital inputs are required.
The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Visual explainers
The filing-backed explainer service is temporarily unavailable, so no partial or guessed chart is shown.
Moat Score history
Score history begins Sep 4, 2026 — the record builds forward from here.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
None yet — WELPM has read Shallow moat for every logged capture since Sep 4, 2026.
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
No reported Form 4 transactions were found in the complete checked issuer window for WELPM, –. The totals and cluster result below are arithmetic over that certified window.
- $0 P purchases minus S sales only, Sep 5, 2025–Sep 5, 2026.
- 0 P / 0 S Only P and S are included; awards, gifts, exercises, withholding, and other mechanics are excluded.
- No Requires at least 3 distinct insiders with P purchases.
Transaction-code histogram
Supporting event counts for the same certified window, Sep 5, 2025–Sep 5, 2026.
- P
- 0
- S
- 0
- A
- 0
- F
- 0
- M
- 0
- G
- 0
- C
- 0
- J
- 0
- W
- 0
Retrieved .
Utilities context
#32 of 101 scored Utilities companies, ranked by Moat Score.
Nearest peers by Moat Score
- #30WEC WEC ENERGY GROUP, INC.42.0 out of 100, Shallow moatShallow moat
- #31WTRG Essential Utilities, Inc.41.6 out of 100, Shallow moatShallow moat
- #33CWT CALIFORNIA WATER SERVICE GROUP41.4 out of 100, Shallow moatShallow moat
- #34PNW PINNACLE WEST CAPITAL CORP41.1 out of 100, Shallow moatShallow moat
Compare WELPM with its nearest peers →All Utilities companies on the Index →
Common questions about WELPM
- Does WISCONSIN ELECTRIC POWER COMPANY have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores WISCONSIN ELECTRIC POWER COMPANY (WELPM) 41.5 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend not measurable from the filings, pricing power 99, returns on capital 16, balance-sheet safety 16, capital allocation 35.
- How has WELPM's Moat Score changed over time?
- The record logs 1 reading since Sep 4, 2026; the latest reads 41.5 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.