Evergy
EVRG · Electric Utilities
$84.43
0.6%WEC Energy Group
WEC · Electric Utilities
$111.09
0.9%The short version
- WEC Energy Group is the larger business, with $9.8B of revenue in fiscal 2025 against $6.0B for Evergy, about 1.6 times as much.
- WEC Energy Group grew revenue faster (14.0%, against 2.0%).
- Evergy kept more of each dollar of sales as operating profit (25.7% operating margin, against 22.9% operating margin).
- WEC Energy Group turned more of its sales into free cash flow (−10.4% FCF margin, against −12.6% FCF margin).
- Investors pay more for each dollar of WEC Energy Group’s earnings: a P/E of 23.1x against 22.5x for Evergy.
| Latest fiscal year | EVRG · FY25 | WEC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $19.9B | $36.5B |
| Revenue | $6.0B | $9.8B |
| Free cash flow | −$752M | −$1.0B |
| Net income | $856M | $1.6B |
| Growth | ||
| Revenue growth | 2.0% | 14.0% |
| 5-year growth | 3.9% | 6.2% |
| Share count change | 1.3% | 2.3% |
| Profitability | ||
| Gross margin | — | 66.7% |
| Operating margin | 25.7% | 22.9% |
| Net margin | 14.4% | 15.9% |
| FCF margin | −12.6% | −10.4% |
| Return on capital | 6.1% | 6.0% |
| Return on equity | 8.5% | 11.6% |
| Balance sheet | ||
| Net debt | $14.9B | $22.3B |
| Net debt / EBITDA | 5.5x | 6.0x |
| Dividends and buybacks | $613M | $1.1B |
| Valuation & quality | ||
| P/E | 22.5x | 23.1x |
| Piotroski F-score | 3 | 4 |
FY16
EVRG $2.6B
WEC $7.5B
FY17
EVRG $2.6B
WEC $7.6B
FY18
EVRG $4.3B
WEC $7.7B
FY19
EVRG $5.1B
WEC $7.5B
FY20
EVRG $4.9B
WEC $7.2B
FY21
EVRG $5.6B
WEC $8.3B
FY22
EVRG $5.9B
WEC $9.6B
FY23
EVRG $5.5B
WEC $8.9B
FY24
EVRG $5.8B
WEC $8.6B
FY25
EVRG $6.0B
WEC $9.8B
EVRG
WEC
FY16
EVRG 27.4%
WEC 22.7%
FY17
EVRG 26.4%
WEC 23.2%
FY18
EVRG 21.8%
WEC 19.1%
FY19
EVRG 23.0%
WEC 20.4%
FY20
EVRG 23.3%
WEC 23.6%
FY21
EVRG 24.3%
WEC 20.6%
FY22
EVRG 21.6%
WEC 20.1%
FY23
EVRG 23.3%
WEC 21.5%
FY24
EVRG 25.1%
WEC 25.0%
FY25
EVRG 25.7%
WEC 22.9%
EVRG
WEC
FY16
EVRG −$283M
WEC $680M
FY17
EVRG $148M
WEC $119M
FY18
EVRG $428M
WEC $28.4M
FY19
EVRG $539M
WEC −$184M
FY20
EVRG $194M
WEC −$678M
FY21
EVRG −$621M
WEC −$340M
FY22
EVRG −$365M
WEC −$636M
FY23
EVRG −$354M
WEC $526M
FY24
EVRG −$353M
WEC $431M
FY25
EVRG −$752M
WEC −$1.0B
EVRG
WEC
FY16
EVRG —
WEC 5.5%
FY17
EVRG —
WEC 7.0%
FY18
EVRG 6.8%
WEC —
FY19
EVRG 6.0%
WEC —
FY20
EVRG 5.5%
WEC 6.0%
FY21
EVRG 6.4%
WEC 5.8%
FY22
EVRG 6.2%
WEC 5.6%
FY23
EVRG 5.9%
WEC 5.5%
FY24
EVRG 6.1%
WEC 5.9%
FY25
EVRG 6.1%
WEC 6.0%
EVRG
WEC
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.