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Wec Energy Group Inc   (WEC)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities


Wec Energy Group Inc 's Gross Profit Margin by quarter

Trends, Rankings, Statistics



WEC Gross Profit Margin (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Revenue Change -13.32 % -2.28 % -14 % -0.69 % 16.19 %
Seq. Revenue Change 13.29 % 6.96 % -36.64 % 12.89 % 27.73 %
Revenue In Millions $2,217.50 $1,957.40 $1,830.00 $2,888.10 $2,558.40
Gross Profit Margin 65.68 % 69.99 % 70.87 % 54.65 % 51.71 %
Gross Profit Margin Total Ranking # 1250 # 1728 # 1788 # 2422 # 2831
Gross Profit In Millions $1,456.40 $1,370.00 $1,297.00 $1,578.40 $1,323.00
Y / Y Gross Profit Change 10.08 % 14.37 % 8.73 % 3.52 % 6.43 %
Seq. Gross Profit Change 6.31 % 5.63 % -17.83 % 19.3 % 10.44 %


Commenting fourth Quarter 2023 Gross Profit Margin
Wec Energy Group Inc has managed to improve its Revenue sequentially to $2,218 millions by 13.29 % faster than Gross Profit increase of 6.31 % to $1,456 millions, this led to contraction in Gross Profit Margin to 65.68 %, but the Wec Energy Group Inc IV. Quarter Gross Profit Margin remained above company average rate of 59.48%.

Observing fourth quarter 2023 results within Electric Utilities industry 34 other companies have achieved higher Gross Profit Margin. While Gross Profit Margin total ranking has impoved so far to 1250, from total ranking in previous quarter at 1728.
Learn about Gross Margin
WEC's Gross Profit Margin fourth quarter 2023 Company Ranking
Within: No.
Electric Utilities Industry # 35
Utilities Sector # 67
Overall # 1249

Gross Profit Margin Statistics
High Average Low
71.3 % 59.48 % 37.25 %
(Jun 30 2020)   (March 31, 2008)




Other Gross Profit Margin Profitability Ratios
WEC's Cumulative Gross Profit Margin
Electric Utilities Industry Gross Profit Margin Trends and Statistics
Utilities Sector Gross Profit Margin Statistics
Gross Profit Margin Profitability Trends for overall market
WEC's Gross Profit Margin Profitability versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Gross Profit Margin
Lowest Ranking Gross Profit Margin
Gross Profit Margin Profit Margin for WEC's Competitors
Gross Profit Margin Profit Margin for Wec Energy Group Inc 's Suppliers
Gross Profit Margin Profit Margin for WEC's Customers

You may also want to know
WEC's Annual Growth Rates WEC's Profitability Ratios WEC's Asset Turnover Ratio WEC's Dividend Growth
WEC's Roe WEC's Valuation Ratios WEC's Financial Strength Ratios WEC's Gross Profit Growth
WEC's Roa WEC's Inventory Turnover Ratio WEC's Growth Rates WEC's Dividend Comparisons


Companies with similar Gross Profit Margin in the quarter ending Dec 31 2023, within Electric Utilities Industry Gross Profit MarginDec 31 2023 MRQ Gross ProfitDec 31 2023 MRQ Revenue
Nisource Inc   101.06 %$ 6,111.300 $ 6,047.300 
Altus Power Inc   100.00 %$ 34.192 $ 34.192 
Brookfield Renewable Corporation  100.00 %$ 3,967.000 $ 3,967.000 
Hawaiian Electric Industries Inc   100.00 %$ 956.371 $ 956.371 
Vistra Corp   100.00 %$ 3,079.000 $ 3,079.000 
Consolidated Edison Inc   94.51 %$ 3,255.000 $ 3,444.000 
Itc Holdings Corp   94.32 %$ 365.000 $ 387.000 
Entergy Corporation  92.15 %$ 2,510.969 $ 2,724.805 
Allete Inc   90.86 %$ 365.900 $ 402.700 
Xcel Energy Inc  90.55 %$ 5,557.000 $ 6,137.000 
Alliant Energy Corp  90.37 %$ 835.000 $ 924.000 
Ameren Corporation  87.45 %$ 1,415.000 $ 1,618.000 
Tennessee Valley Authority  87.02 %$ 2,406.000 $ 2,765.000 
Sempra  86.68 %$ 3,026.000 $ 3,491.000 
Dte Energy Co  85.83 %$ 2,913.000 $ 3,394.000 
Algonquin Power and Utilities Corp   84.31 %$ 2,309.665 $ 2,739.425 
Northwestern Energy Group Inc   84.11 %$ 299.426 $ 356.009 
Hydro One Inc   83.13 %$ 4,965.978 $ 5,974.034 
Nextera Energy Inc  81.23 %$ 5,586.000 $ 6,877.000 
Eversource Energy  80.95 %$ 2,181.098 $ 2,694.238 
Exelon Corporation  80.92 %$ 4,342.000 $ 5,366.000 
Sunnova Energy International Inc   80.43 %$ 156.183 $ 194.182 
Evergy Inc   79.11 %$ 939.700 $ 1,187.900 
Duke Energy Corporation  79.03 %$ 5,700.000 $ 7,212.000 
Oncor Electric Delivery Company Llc  76.89 %$ 4,294.509 $ 5,585.094 
Idacorp Inc   76.67 %$ 315.826 $ 411.953 
Constellation Energy Corporation  75.45 %$ 4,373.000 $ 5,796.000 
Emera Incorporated  75.16 %$ 4,353.944 $ 5,793.258 
Edison International  74.88 %$ 2,775.000 $ 3,706.000 
Avangrid Inc   74.36 %$ 1,697.000 $ 2,282.000 




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