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WISCONSIN ELECTRIC POWER COMPANY

EDGAR
WELPM Quarterly report (10-Q) · filed 2026-10-30

Annual consolidated revenue for 2025: about USD 4.494B, using the latest reported figures. The previous period, 2024, was about USD 3.98B.

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Watchlist

Latest quarter

Revenue

1.36 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 1364800000 USD Source

Operating margin

29.1%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 397200000 USD Source
  • Revenue: 1364800000 USD Source

Operating cash flow

547 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1324700000 USD Source
  • Operating Cash Flow: 778200000 USD Source

Free cash flow

-230 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1324700000 USD Source
  • Operating Cash Flow: 778200000 USD Source
  • Capital Expenditure: 2164700000 USD Source
  • Capital Expenditure: 1388600000 USD Source
Cash and cash equivalents
2 million USD Source
Exact value

2000000 USD

Long-term debt including current maturities
4.53 billion USD Source
Exact value

4525300000 USD

Shares outstanding
33.3 million shares Source
Exact value

33289327 shares

Reported share-count change

0.00% · 0 shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 33289327 shares · 2025-09-30· Source
  • 33289327 shares · 2026-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

4.85 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 4493600000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 3391800000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 1323500000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 1057100000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 1364800000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

1.46 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 1127800000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 994600000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 481300000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 778200000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 481300000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 1324700000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 778200000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-30.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 4 of 11 periods available· newest 2018-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • liabilities: No compatible figures in this window
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +12.9%

    Prior period

    USD 3.98 billion

    –

    Current period

    USD 4.49 billion

    –

    Exact inputs and evidence

    4493600000 − 3979900000 = 513700000 USD

    3979900000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    4493600000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    -10.8%

    Prior period

    USD 1.26 billion

    –

    Current period

    USD 1.13 billion

    –

    Exact inputs and evidence

    1127800000 − 1264500000 = -136700000 USD

    1264500000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1127800000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Capital expenditure

    +90.1%

    Prior period

    USD 1.44 billion

    –

    Current period

    USD 2.74 billion

    –

    Exact inputs and evidence

    2742900000 − 1442700000 = 1300200000 USD

    1442700000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2742900000 USD · 2025-01-01 – 2025-12-31

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Comparable inputs unavailable for: Net income.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 4.49 billion 100% of revenue
  • Operating costs Derived USD 3.32 billion 74% of revenue
  • Operating income USD 1.17 billion 26% of revenue
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income Unavailable An input is unavailable.

Cash

  • Operating cash flow USD 1.13 billion 25% of revenue
  • Capital expenditure USD 2.74 billion 61% of revenue
  • Free cash flow Derived −USD 1.62 billion −36% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 9.6%83%
  • 2017 9.1%83%
  • 2018 9.9%89%
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-313792800000 3158600000 Derived 634200000 268700000 Derived 365500000 378900000 Derived
Source
2017 2017-01-01 – 2017-12-313711700000 3079600000 Derived 632100000 295300000 Derived 336800000 101900000 Derived
Source
2018 2018-01-01 – 2018-12-313625000000 3222500000 Derived 402500000 43000000 Derived 359500000 359000000 Derived
Source
2019 2019-01-01 – 2019-12-313496700000 2736500000 Derived 760200000 UnavailableUnavailable263800000 Derived
Source
2020 2020-01-01 – 2020-12-313367000000 2506500000 Derived 860500000 UnavailableUnavailable103500000 Derived
Source
2021 2021-01-01 – 2021-12-313664500000 2795800000 Derived 868700000 UnavailableUnavailable-11100000 Derived
Source
2022 2022-01-01 – 2022-12-314070300000 3130300000 Derived 940000000 UnavailableUnavailable-293400000 Derived
Source
2023 2023-01-01 – 2023-12-314045000000 3022800000 Derived 1022200000 UnavailableUnavailable-155500000 Derived
Source
2024 2024-01-01 – 2024-12-313979900000 2918700000 Derived 1061200000 UnavailableUnavailable-178200000 Derived
Source
2025 2025-01-01 – 2025-12-314493600000 3322800000 Derived 1170800000 UnavailableUnavailable-1615100000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 4.5B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.9B3.6B2.4B1.2B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue3792800000
2017Revenue3711700000
2018Revenue3625000000
2019Revenue3496700000
2020Revenue3367000000
2021Revenue3664500000
2022Revenue4070300000
2023Revenue4045000000
2024Revenue3979900000
2025Revenue4493600000

Revenue growth

Change in revenue from the same financial period one year earlier.

12.9% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.14.2%9.4%4.6%-0.2%-5.0%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year-1.6%
2017Year over year-2.1%
2018Year over year-2.3%
2019Year over year-3.5%
2020Year over year-3.7%
2021Year over year8.8%
2022Year over year11.1%
2023Year over year-0.6%
2024Year over year-1.6%
2025Year over year12.9%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 26.1% 2025
Net margin 9.9% 2018
Free cash flow margin -35.9% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.32%14%-5%-23%-41%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin16.7%
2017Operating margin17%
2018Operating margin11.1%
2019Operating margin21.7%
2020Operating margin25.6%
2021Operating margin23.7%
2022Operating margin23.1%
2023Operating margin25.3%
2024Operating margin26.7%
2025Operating margin26.1%
2016Net margin9.6%
2017Net margin9.1%
2018Net margin9.9%
2019-12-31Net marginNot reported
2020-12-31Net marginNot reported
2021-12-31Net marginNot reported
2022-12-31Net marginNot reported
2023-12-31Net marginNot reported
2024-12-31Net marginNot reported
2025-12-31Net marginNot reported
2016Free cash flow margin10%
2017Free cash flow margin2.7%
2018Free cash flow margin9.9%
2019Free cash flow margin7.5%
2020Free cash flow margin3.1%
2021Free cash flow margin-0.3%
2022Free cash flow margin-7.2%
2023Free cash flow margin-3.8%
2024Free cash flow margin-4.5%
2025Free cash flow margin-35.9%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 1.1B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.4B1.0B682.8M341.4M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow848400000
2017Operating cash flow698000000
2018Operating cash flow962200000
2019Operating cash flow854400000
2020Operating cash flow767100000
2021Operating cash flow802200000
2022Operating cash flow637000000
2023Operating cash flow939100000
2024Operating cash flow1264500000
2025Operating cash flow1127800000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -1.6B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.538.4M-39.8M-618.1M-1.2B-1.8B201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow378900000
2017Free cash flow101900000
2018Free cash flow359000000
2019Free cash flow263800000
2020Free cash flow103500000
2021Free cash flow-11100000
2022Free cash flow-293400000
2023Free cash flow-155500000
2024Free cash flow-178200000
2025Free cash flow-1615100000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Liabilities / assetsNot reported
2017-12-31Liabilities / assetsNot reported
2018-12-31Liabilities / assetsNot reported
2019-12-31Liabilities / assetsNot reported
2020-12-31Liabilities / assetsNot reported
2021-12-31Liabilities / assetsNot reported
2022-12-31Liabilities / assetsNot reported
2023-12-31Liabilities / assetsNot reported
2024-12-31Liabilities / assetsNot reported
2025-12-31Liabilities / assetsNot reported

Current assets to current liabilities

Current assets divided by current liabilities.

0.76× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.34×1.00×0.67×0.33×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities1.24×
2017Current assets / current liabilities0.88×
2018Current assets / current liabilities0.94×
2019Current assets / current liabilities1.14×
2020Current assets / current liabilities0.71×
2021Current assets / current liabilities0.92×
2022Current assets / current liabilities0.88×
2023Current assets / current liabilities0.81×
2024Current assets / current liabilities0.87×
2025Current assets / current liabilities0.76×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 365.5 million
Exact value

Exact value: 365500000 USD

2016-01-01 – 2016-12-31: 365500000 USD Inspect Net Income Open source
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USD 848.4 million
Exact value

Exact value: 848400000 USD

2016-01-01 – 2016-12-31: 848400000 USD Inspect Operating Cash Flow Open source
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USD 469.5 million
Exact value

Exact value: 469500000 USD

2016-01-01 – 2016-12-31: 469500000 USD Inspect Capital Expenditure Open source
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USD 378.9 million
Calculation and evidence

848400000 − 469500000 USD

Exact free cash flow: 378900000 USD

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2017 2017-01-01 – 2017-12-31
USD 336.8 million
Exact value

Exact value: 336800000 USD

2017-01-01 – 2017-12-31: 336800000 USD Inspect Net Income Open source
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USD 698 million
Exact value

Exact value: 698000000 USD

2017-01-01 – 2017-12-31: 698000000 USD Inspect Operating Cash Flow Open source
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USD 596.1 million
Exact value

Exact value: 596100000 USD

2017-01-01 – 2017-12-31: 596100000 USD Inspect Capital Expenditure Open source
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USD 101.9 million
Calculation and evidence

698000000 − 596100000 USD

Exact free cash flow: 101900000 USD

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2018 2018-01-01 – 2018-12-31
USD 359.5 million
Exact value

Exact value: 359500000 USD

2018-01-01 – 2018-12-31: 359500000 USD Inspect Net Income Open source
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USD 962.2 million
Exact value

Exact value: 962200000 USD

2018-01-01 – 2018-12-31: 962200000 USD Inspect Operating Cash Flow Open source
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USD 603.2 million
Exact value

Exact value: 603200000 USD

2018-01-01 – 2018-12-31: 603200000 USD Inspect Capital Expenditure Open source
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USD 359 million
Calculation and evidence

962200000 − 603200000 USD

Exact free cash flow: 359000000 USD

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2019 2019-01-01 – 2019-12-31
Unavailable Not reported for this period.
USD 854.4 million
Exact value

Exact value: 854400000 USD

2019-01-01 – 2019-12-31: 854400000 USD Inspect Operating Cash Flow Open source
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USD 590.6 million
Exact value

Exact value: 590600000 USD

2019-01-01 – 2019-12-31: 590600000 USD Inspect Capital Expenditure Open source
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USD 263.8 million
Calculation and evidence

854400000 − 590600000 USD

Exact free cash flow: 263800000 USD

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2020 2020-01-01 – 2020-12-31
Unavailable Not reported for this period.
USD 767.1 million
Exact value

Exact value: 767100000 USD

2020-01-01 – 2020-12-31: 767100000 USD Inspect Operating Cash Flow Open source
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USD 663.6 million
Exact value

Exact value: 663600000 USD

2020-01-01 – 2020-12-31: 663600000 USD Inspect Capital Expenditure Open source
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USD 103.5 million
Calculation and evidence

767100000 − 663600000 USD

Exact free cash flow: 103500000 USD

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2021 2021-01-01 – 2021-12-31
Unavailable Not reported for this period.
USD 802.2 million
Exact value

Exact value: 802200000 USD

2021-01-01 – 2021-12-31: 802200000 USD Inspect Operating Cash Flow Open source
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USD 813.3 million
Exact value

Exact value: 813300000 USD

2021-01-01 – 2021-12-31: 813300000 USD Inspect Capital Expenditure Open source
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−USD 11.1 million
Calculation and evidence

802200000 − 813300000 USD

Exact free cash flow: -11100000 USD

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2022 2022-01-01 – 2022-12-31
Unavailable Not reported for this period.
USD 637 million
Exact value

Exact value: 637000000 USD

2022-01-01 – 2022-12-31: 637000000 USD Inspect Operating Cash Flow Open source
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USD 930.4 million
Exact value

Exact value: 930400000 USD

2022-01-01 – 2022-12-31: 930400000 USD Inspect Capital Expenditure Open source
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−USD 293.4 million
Calculation and evidence

637000000 − 930400000 USD

Exact free cash flow: -293400000 USD

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2023 2023-01-01 – 2023-12-31
Unavailable Not reported for this period.
USD 939.1 million
Exact value

Exact value: 939100000 USD

2023-01-01 – 2023-12-31: 939100000 USD Inspect Operating Cash Flow Open source
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USD 1.09 billion
Exact value

Exact value: 1094600000 USD

2023-01-01 – 2023-12-31: 1094600000 USD Inspect Capital Expenditure Open source
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−USD 155.5 million
Calculation and evidence

939100000 − 1094600000 USD

Exact free cash flow: -155500000 USD

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2024 2024-01-01 – 2024-12-31
Unavailable Not reported for this period.
USD 1.26 billion
Exact value

Exact value: 1264500000 USD

2024-01-01 – 2024-12-31: 1264500000 USD Inspect Operating Cash Flow Open source
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USD 1.44 billion
Exact value

Exact value: 1442700000 USD

2024-01-01 – 2024-12-31: 1442700000 USD Inspect Capital Expenditure Open source
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−USD 178.2 million
Calculation and evidence

1264500000 − 1442700000 USD

Exact free cash flow: -178200000 USD

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2025 2025-01-01 – 2025-12-31
Unavailable Not reported for this period.
USD 1.13 billion
Exact value

Exact value: 1127800000 USD

2025-01-01 – 2025-12-31: 1127800000 USD Inspect Operating Cash Flow Open source
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USD 2.74 billion
Exact value

Exact value: 2742900000 USD

2025-01-01 – 2025-12-31: 2742900000 USD Inspect Capital Expenditure Open source
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−USD 1.62 billion
Calculation and evidence

1127800000 − 2742900000 USD

Exact free cash flow: -1615100000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

143 filings · 11,128 latest values · 11,128 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000107815, 107815, WELPM, WELPP, edgar:107815

Also known as WISCONSIN ELECTRIC POWER CO, WISCONSIN ELECTRIC POWER COMPANY