Entergy vs WEC Energy Group
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The short version
- Entergy is the larger business, with $12.9B of revenue in fiscal 2025 against $9.8B for WEC Energy Group.
- WEC Energy Group grew revenue faster (14.0%, against 9.0%).
- Entergy kept more of each dollar of sales as operating profit (24.7% operating margin, against 22.9%).
- WEC Energy Group turned more of its sales into free cash flow (−10.4% FCF margin, against −19.6%).
| Latest fiscal year | ETR · FY25 | WEC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $49.6B | $36.5B |
| Revenue | $12.9B | $9.8B |
| Free cash flow | −$2.5B | −$1.0B |
| Net income | $1.8B | $1.6B |
| Growth | ||
| Revenue growth | 9.0% | 14.0% |
| 5-year growth | 5.1% | 6.2% |
| Share count change | 4.3% | 2.3% |
| Profitability | ||
| Gross margin | — | 66.7% |
| Operating margin | 24.7% | 22.9% |
| Net margin | 13.7% | 15.9% |
| FCF margin | −19.6% | −10.4% |
| Return on capital | 5.6% | 6.0% |
| Return on equity | 11.1% | 11.6% |
| Balance sheet | ||
| Net debt | $29.1B | $22.3B |
| Net debt / EBITDA | 5.3x | 6.0x |
| Dividends and buybacks | $1.1B | $1.1B |
| Valuation & quality | ||
| P/E | 27.4x | — |
| Piotroski F-score | 7 | 4 |
Revenue
FY16
ETR $10.8B
WEC $7.5B
FY17
ETR $11.1B
WEC $7.6B
FY18
ETR $11.0B
WEC $7.7B
FY19
ETR $10.9B
WEC $7.5B
FY20
ETR $10.1B
WEC $7.2B
FY21
ETR $11.7B
WEC $8.3B
FY22
ETR $13.8B
WEC $9.6B
FY23
ETR $12.1B
WEC $8.9B
FY24
ETR $11.9B
WEC $8.6B
FY25
ETR $12.9B
WEC $9.8B
ETR
WEC
Operating margin
FY16
ETR −7.5%
WEC 22.7%
FY17
ETR 12.3%
WEC 23.2%
FY18
ETR 4.3%
WEC 19.1%
FY19
ETR 12.8%
WEC 20.4%
FY20
ETR 17.5%
WEC 23.6%
FY21
ETR 15.7%
WEC 20.6%
FY22
ETR 14.9%
WEC 20.1%
FY23
ETR 21.6%
WEC 21.5%
FY24
ETR 22.3%
WEC 25.0%
FY25
ETR 24.7%
WEC 22.9%
ETR
WEC
Free cash flow
FY16
ETR $218M
WEC $680M
FY17
ETR −$984M
WEC $119M
FY18
ETR −$1.6B
WEC $28.4M
FY19
ETR −$1.4B
WEC −$184M
FY20
ETR $2.4B
WEC −$678M
FY21
ETR $2.1B
WEC −$340M
FY22
ETR −$2.5B
WEC −$636M
FY23
ETR −$146M
WEC $526M
FY24
ETR −$350M
WEC $431M
FY25
ETR −$2.5B
WEC −$1.0B
ETR
WEC
Return on capital
FY16
ETR −3.0%
WEC 5.5%
FY17
ETR 3.0%
WEC 7.0%
FY18
ETR 1.5%
WEC —
FY19
ETR 5.0%
WEC —
FY20
ETR 5.6%
WEC 6.0%
FY21
ETR 4.4%
WEC 5.8%
FY22
ETR 5.3%
WEC 5.6%
FY23
ETR 6.5%
WEC 5.5%
FY24
ETR 4.6%
WEC 5.9%
FY25
ETR 5.6%
WEC 6.0%
ETR
WEC
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.