Flagship explainer

How WEC ENERGY GROUP, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$9.8B · 100%Cost of revenue$3.3B · 33%Gross profit$6.5B · 67%Operating income$2.2B · 23%Income before tax$1.7B · 17%Income tax$118M · 1%Net income$1.6B · 16%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$9.8B100%
Cost of revenue$3.3B33%
$6.5B67%
$2.2B23%
Income before tax$1.7B17%
Income tax$118M1%
$1.6B16%
Source: · event Dec 31, 2025 · retrieved Oct 17, 2026 · annual-row source set
Embed this chart

View the full WEC ENERGY GROUP, INC. analysis at Buy Like Buffett