The Filing Desk

Evergy vs WEC Energy Group

Evergy EVRG · WEC Energy Group WEC · Electric Utilities

WEC Energy Group reported revenue of $9.8 billion in fiscal 2025, 1.6 times Evergy's $6.0 billion in fiscal 2025. Evergy's revenue grew 1.9% in its latest year, and WEC Energy Group's grew 14.0%. Evergy had an operating margin of 25.7%, against 22.9% at WEC Energy Group. Free cash flow was −$752 million at Evergy and −$1.0 billion at WEC Energy Group.

Side by side

EvergyWEC Energy Group
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$6.0B$9.8B
Revenue growth1.9%14.0%
Revenue growth a year, last 5 years3.9%6.2%
Gross margin—66.7%
Operating margin25.7%22.9%
Net margin14.3%15.9%
Free cash flow−$752M−$1.0B
Free cash flow margin−12.6%−10.4%
Return on capital6.1%6.0%
Net debt to EBITDA5.5x6.0x
Dividends and buybacks$613M$1.1B
Change in diluted share count1.3%2.3%
Last close$84.61$111.12
P/E at the last close22.5×23.1×
Insider trades, last 12 monthsbought $133,612, sold $1.8 millionsold $5.9 million
Piotroski F-score3 of 84 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
EvergyWEC Energy Group
Operating margin
Percent of revenue
EvergyWEC Energy Group
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
EvergyWEC Energy Group

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Evergy and WEC Energy Group pages.