WEC Energy Group, Inc. stock research
FY2026 Q1
WEC Energy Group (WEC) Gross Margin & Quarterly History
Explore WEC Energy Group, Inc. (WEC) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue increased from the prior quarter and the year-ago quarter, while cost of revenue also increased. Gross profit was higher than the prior quarter but unchanged from the year-ago quarter, resulting in a gross margin that weakened compared to both periods.
- The strongest observable margin driver is the increase in cost of revenue relative to revenue, which outpaced the revenue growth and compressed the margin.
- Compared to the immediately preceding quarter, gross margin was lower. Compared to the same quarter one year earlier, gross margin was also lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
59.5%
Gross profit
$2.0B
Revenue
$3.4B
Cost of revenue
$1.4B
Quarter-over-quarter change
-4.2 pts
Year-over-year change
-3.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $2.0B | $1.4B | $570.5M | 71.6% |
| Sep 30, 2025 | $2.1B | $1.5B | $608.1M | 71.1% |
| Dec 31, 2025 | $2.5B | $1.6B | $921.5M | 63.7% |
| Mar 31, 2026 | $3.4B | $2.0B | $1.4B | 59.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
-4.2 pts
Year-over-year change
Mar 31, 2025
-3.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the increase in cost of revenue relative to revenue, which outpaced the revenue growth and compressed the margin.
Compared to the immediately preceding quarter, gross margin was lower. Compared to the same quarter one year earlier, gross margin was also lower.
Monitor the trajectory of cost of revenue as a proportion of revenue.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| WEC Energy Group, Inc. (WEC) | 59.5% |