WEC Energy Group, Inc. stock research
FY2025 Q4
WEC Energy Group (WEC) Gross Margin — Quarter Ended Dec 31, 2025
Revenue was higher than both the immediately preceding quarter and the same quarter one year earlier. Gross profit also increased relative to the prior quarter and the year-ago period, but cost of revenue rose at a faster pace, resulting in a lower gross margin compared to both periods.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue was higher than both the immediately preceding quarter and the same quarter one year earlier. Gross profit also increased relative to the prior quarter and the year-ago period, but cost of revenue rose at a faster pace, resulting in a lower gross margin compared to both periods.
- The strongest observable margin driver is the relative growth of cost of revenue, which increased more rapidly than revenue, compressing gross margin.
- Compared with the prior quarter, gross margin weakened; compared with the same quarter last year, gross margin also weakened. Revenue and gross profit were higher in both comparisons, while cost of revenue was substantially higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
63.7%
Gross profit
$1.6B
Revenue
$2.5B
Cost of revenue
$921.5M
Quarter-over-quarter change
-7.4 pts
Year-over-year change
-4.0 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 |
|---|---|---|---|---|
| Mar 31, 2025 | $3.1B | $2.0B | $1.2B | 63.0% |
| 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% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
-7.4 pts
Year-over-year change
Dec 31, 2024
-4.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relative growth of cost of revenue, which increased more rapidly than revenue, compressing gross margin.
Compared with the prior quarter, gross margin weakened; compared with the same quarter last year, gross margin also weakened. Revenue and gross profit were higher in both comparisons, while cost of revenue was substantially higher.
Monitor the trajectory of cost of revenue relative to revenue, as its faster growth was the primary factor behind the margin decline.