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Exelon vs Wec Energy: revenue, profit, margins and growth compared

Exelon brought in $24.3B of revenue in fiscal 2025, Wec Energy $9.8B in fiscal 2025. Revenue changed by +5.3% at Exelon and +14.0% at Wec Energy on the year before, so Wec Energy grew faster. Exelon kept 11.4% of its revenue as net profit, Wec Energy 15.9%.

Side by side, latest fiscal year

EXCWEC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$24.3B$9.8B
Revenue growth+5.3%+14.0%
Net income$2.8B$1.6B
Net margin11.4%15.9%
Free cash flow-$2.3Bn/a
Free cash flow margin-9.4%n/a
Earnings per share (diluted)n/a$4.81
Cash$626M$27.6M
Debt$49.4B$20B
Price to earningsn/a21.1
Market value$41.6B$33.1B
Dividend yield3.97%3.52%
Rank by revenue in sector#10 of 109 · Utilities#29 of 109 · Utilities

Over the years

Revenue
EXC FY2018: $36BEXC FY2019: $34.4BEXC FY2020: $16.7BEXC FY2021: $17.9BEXC FY2022: $19.1BEXC FY2023: $21.7BEXC FY2024: $23BEXC FY2025: $24.3BWEC FY2018: $7.7BWEC FY2019: $7.5BWEC FY2020: $7.2BWEC FY2021: $8.3BWEC FY2022: $9.6BWEC FY2023: $8.9BWEC FY2024: $8.6BWEC FY2025: $9.8BFY18FY19FY20FY21FY22FY23FY24FY25
EXC $24.3BWEC $9.8B
Net income
EXC FY2018: $2BEXC FY2019: $2.9BEXC FY2020: $2BEXC FY2021: $1.7BEXC FY2022: $2.2BEXC FY2023: $2.3BEXC FY2024: $2.5BEXC FY2025: $2.8BWEC FY2018: $1.1BWEC FY2019: $1.1BWEC FY2020: $1.2BWEC FY2021: $1.3BWEC FY2022: $1.4BWEC FY2023: $1.3BWEC FY2024: $1.5BWEC FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
EXC $2.8BWEC $1.6B
Net margin
EXC FY2018: 5.6%EXC FY2019: 8.5%EXC FY2020: 11.8%EXC FY2021: 9.5%EXC FY2022: 11.4%EXC FY2023: 10.7%EXC FY2024: 10.7%EXC FY2025: 11.4%WEC FY2018: 13.8%WEC FY2019: 15.1%WEC FY2020: 16.6%WEC FY2021: 15.6%WEC FY2022: 14.7%WEC FY2023: 15.0%WEC FY2024: 17.8%WEC FY2025: 15.9%FY18FY19FY20FY21FY22FY23FY24FY25
EXC 11.4%WEC 15.9%
Revenue growth
EXC FY2019: -4.3%EXC FY2020: -51.6%EXC FY2021: +7.7%EXC FY2022: +6.4%EXC FY2023: +13.9%EXC FY2024: +6.0%EXC FY2025: +5.3%WEC FY2019: -2.0%WEC FY2020: -3.7%WEC FY2021: +14.8%WEC FY2022: +15.4%WEC FY2023: -7.3%WEC FY2024: -3.3%WEC FY2025: +14.0%FY19FY20FY21FY22FY23FY24FY25
EXC +5.3%WEC +14.0%
Free cash flow
EXC FY2018: $1.1BEXC FY2019: -$589MEXC FY2020: -$3.8BEXC FY2021: -$5BEXC FY2022: -$2.3BEXC FY2023: -$2.7BEXC FY2024: -$1.5BEXC FY2025: -$2.3BWEC FY2018: $28.4MWEC FY2019: -$183.5MWEC FY2020: -$678.3MWEC FY2021: -$340MWEC FY2022: -$636.2MFY18FY19FY20FY21FY22FY23FY24FY25
EXC -$2.3BWEC -$636.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Exelon and Wec Energy

Which is bigger by revenue, Exelon or Wec Energy?

Exelon is bigger by revenue: $24.3B in fiscal 2025, against $9.8B for Wec Energy in fiscal 2025.

Which keeps more of its revenue as profit, Exelon or Wec Energy?

Exelon had a net margin of 11.4% in fiscal 2025; Wec Energy had 15.9% in fiscal 2025.

Which grew revenue faster, Exelon or Wec Energy?

In their latest fiscal years revenue changed by +5.3% at Exelon and +14.0% at Wec Energy.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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