Wisconsin Electric Power Company income statement WELPM

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Wisconsin Electric Power Company reported revenue of $4.5 billion, up 12.9% from the year before. Operating income came to $1.2 billion, an operating margin of 26.1%. Over the twelve months ended Sep 30, 2026, revenue was $4.8 billion. Across the 10 fiscal years shown, revenue grew from $3.8 billion in fiscal 2016 to $4.5 billion in fiscal 2025, about 1.9% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

FY 2026
Sep 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
FY 2016
Dec 31, 2016
Revenue
4,847
+11.4%
4,494
+12.9%
3,980
-1.6%
4,045
-0.6%
4,070
+11.1%
3,664
+8.8%
3,367
-3.7%
3,497
-3.5%
3,625
-2.3%
3,712
-2.1%
3,793
-1.6%
Cost of revenue
1,627
+12.9%
1,499
+15.3%
1,300
-10.4%
1,451
-14.3%
1,693
+26.3%
1,341
+24.8%
1,075
-9.7%
1,191
-5.7%
1,262
-1.9%
1,286
-0.4%
1,292
-7.6%
Gross profit
3,220
+10.6%
2,995
+11.8%
2,680
+3.3%
2,594
+9.1%
2,377
+2.3%
2,323
+1.4%
2,292
-0.6%
2,306
-2.4%
2,363
-2.6%
2,425
-3.0%
2,501
+1.9%
Operating income
1,244
+4.9%
1,171
+10.3%
1,061
+3.8%
1,022
+8.7%
940
+8.2%
869
+1.0%
860
+13.2%
760
+88.9%
402
-36.3%
632
-0.3%
634
-2.3%
Interest expense
—
491
+0.3%
489
—
—
—
—
—
—
—
—
Other non-operating income (expense)
129
+97.0%
63
-20.4%
79
+14.8%
69
+39.3%
49
+53.9%
32
+73.5%
18
-18.5%
23
+12.4%
20
+53.0%
13
+200.0%
4
-60.7%
Pretax income
869
+14.5%
743
+14.2%
651
+4.2%
624
+17.6%
531
+20.5%
440
+7.0%
412
+34.7%
306
+1.0%
303
-42.7%
528
-8.4%
576
-2.1%
Income tax
116
-4.5%
115
-15.7%
136
-4.4%
143
+7.2%
133
+129.1%
58
+30.0%
45
+177.3%
-58
-1.6%
-57
-129.8%
191
-9.4%
211
-0.5%
Net income
—
—
—
—
—
—
—
—
360
+6.7%
337
-7.9%
366
-3.0%
Other measures
Depreciation and amortization
665
+8.3%
630
+9.8%
574
+9.3%
525
+9.4%
480
+4.8%
458
+7.3%
427
+11.1%
384
+10.4%
348
+5.0%
332
+1.9%
325
+7.0%
EBITDA
1,909
+6.0%
1,801
+10.1%
1,635
+5.7%
1,547
+9.0%
1,420
+7.0%
1,327
+3.0%
1,287
+12.5%
1,145
+52.5%
751
-22.1%
964
+0.4%
960
+0.7%
Interest coverage
—
2.39x
2.17x
—
—
—
—
—
—
—
—
Margins
Gross margin
66.43%
66.65%
67.33%
64.12%
58.40%
63.40%
68.08%
65.95%
65.18%
65.34%
65.93%
Operating margin
25.66%
26.05%
26.66%
25.27%
23.09%
23.71%
25.56%
21.74%
11.10%
17.03%
16.72%
Pretax margin
17.93%
16.53%
16.35%
15.44%
13.05%
12.02%
12.22%
8.74%
8.35%
14.23%
15.20%
Profit margin
—
—
—
—
—
—
—
—
9.92%
9.07%
9.64%
EBITDA margin
39.38%
40.07%
41.08%
38.25%
34.88%
36.20%
38.24%
32.73%
20.71%
25.96%
25.30%
Effective tax rate
13.37%
15.48%
20.96%
22.85%
25.07%
13.19%
10.86%
-18.92%
-18.80%
36.21%
36.60%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry
Electric Services (SIC 4911)
Listed as
WELPP (OTC), WELPM (OTC)
Fiscal year ends
December 31
Incorporated in
WI
Headquarters
Milwaukee, WI
SEC filer status
Non-accelerated filer
SEC CIK
107815

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.