WEC Energy Group, Inc. stock research
FY2025 Q1
WEC Energy Group (WEC) Gross Margin — Quarter Ended Mar 31, 2025
Revenue and gross profit both rose compared to both the prior quarter and the same quarter a year ago. Gross margin was higher than the year-ago level but weakened relative to the preceding quarter, indicating a mixed trajectory.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue and gross profit both rose compared to both the prior quarter and the same quarter a year ago. Gross margin was higher than the year-ago level but weakened relative to the preceding quarter, indicating a mixed trajectory.
- The relationship among revenue, cost of revenue, and gross profit shows that revenue grew at a slower pace than gross profit compared to a year ago, supporting gross margin improvement. Sequentially, however, cost of revenue increased at a higher rate than revenue, compressing gross margin.
- Compared to the prior quarter, revenue and gross profit were higher, while gross margin weakened. Versus the same quarter one year earlier, revenue, gross profit, and gross margin were all higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
63.0%
Gross profit
$2.0B
Revenue
$3.1B
Cost of revenue
$1.2B
Quarter-over-quarter change
-4.7 pts
Year-over-year change
-2.4 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, 2024 | $1.8B | $1.3B | $469.7M | 73.5% |
| Sep 30, 2024 | $1.9B | $1.3B | $520.8M | 72.1% |
| Dec 31, 2024 | $2.3B | $1.5B | $738.4M | 67.7% |
| Mar 31, 2025 | $3.1B | $2.0B | $1.2B | 63.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
-4.7 pts
Year-over-year change
Mar 31, 2024
-2.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The relationship among revenue, cost of revenue, and gross profit shows that revenue grew at a slower pace than gross profit compared to a year ago, supporting gross margin improvement. Sequentially, however, cost of revenue increased at a higher rate than revenue, compressing gross margin.
Compared to the prior quarter, revenue and gross profit were higher, while gross margin weakened. Versus the same quarter one year earlier, revenue, gross profit, and gross margin were all higher.
Monitor whether cost of revenue continues to grow at a faster rate than revenue, which could further pressure gross margin.