WEC Energy Group, Inc. stock research
FY2025 Q2
WEC Energy Group (WEC) Gross Margin — Quarter Ended Jun 30, 2025
Revenue decreased compared to the prior quarter but increased year-over-year. Gross profit followed a similar pattern, while cost of revenue declined sequentially and rose annually, resulting in a gross margin that improved from the previous quarter but weakened from the same quarter last year.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue decreased compared to the prior quarter but increased year-over-year. Gross profit followed a similar pattern, while cost of revenue declined sequentially and rose annually, resulting in a gross margin that improved from the previous quarter but weakened from the same quarter last year.
- The strongest observable margin driver is the change in cost of revenue relative to revenue, which led to a sequential margin improvement as cost fell proportionally more than revenue, yet a year-over-year decline as cost rose proportionally more than revenue.
- Compared to the previous quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
71.6%
Gross profit
$1.4B
Revenue
$2.0B
Cost of revenue
$570.5M
Quarter-over-quarter change
+8.6 pts
Year-over-year change
-1.9 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 |
|---|---|---|---|---|
| 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% |
| Jun 30, 2025 | $2.0B | $1.4B | $570.5M | 71.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+8.6 pts
Year-over-year change
Jun 30, 2024
-1.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the change in cost of revenue relative to revenue, which led to a sequential margin improvement as cost fell proportionally more than revenue, yet a year-over-year decline as cost rose proportionally more than revenue.
Compared to the previous quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin weakened.
Monitor the company's regulatory approvals for securities issuances, as the filing highlights the need to maintain flexibility in capital markets.