WEC Energy Group, Inc. — Earnings Quality Grade F
WEC · Utilities
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 77 days, change +6 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 14.0%, CFFO 5.2%. Cash follows revenue
Expense Quality
Inventory -1.2% vs COGS 17.7%. Normal
CapEx growth 58.1% is >2x revenue growth 14.0%
Insufficient data
Gross margin 42.2%, change -1.8pp. Stable
Cash Flow Quality
CFFO/NI = 2.17. Profits backed by cash
FCF < 50% of Net Income for 3 years
Accruals ratio = -3.5%. Low accruals
Cash $0.0B covers only 0% of debt $22.3B
Balance Sheet Health
Goodwill+Intangibles $3.1B = 22% of equity. Manageable
Debt/EBITDA = 5.5x (>4x). Financial stress
Other assets 14.1% vs revenue 14.0%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10