WISCONSIN ELECTRIC POWER CO
WELPP, WELPM · Electric Services · 33.3M shares · +0%/yr ↓ buyback · EDGAR filings ↗
Grade
C65Healthy regulated electric utility subsidiary whose headline liquidity metrics are intercompany artifacts.
Strengths
- Strong operating margin (26%, 87th pct), gross margin 77.8th pct and ROIC 8.2% (80.8th pct)
- Low leverage (D/E 0.67, 19th pct) and solid revenue growth (12.9%, 73rd pct)
Risks
- Zero reported cash and negative FCF (-$1.6B) — capex- and cash-sweep driven
- No standalone ROE/net-margin disclosure limits the return picture
Notable findings
- Cash burnNegative free cash flow (-1615.1M)
- Weak liquidityCurrent ratio 0.76 (<1)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
66.6%
Operating margin
26.1%
ROIC
8.2%
Revenue growth (QoQ)
20.1%
Debt / equity
0.7×
Net debt / EBITDA
2.5×
Current ratio
0.8×
Free cash flow
-$1.6B
EBITDA
$1.8B
Tangible book value
$6.8B
Cash & investments
$0
Cash runway
0q
Stock comp / revenue
0.4%
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-04 | 2026-06-01 | 0001104659-26-070361 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0000107815-26-000017 ↗ |
| 8-K | 2026-05-06 | 2026-04-30 | 0000107815-26-000014 ↗ |
| 8-K | 2026-04-01 | 2026-04-01 | 0000783325-26-000040 ↗ |
| 8-K | 2026-03-13 | 2026-03-10 | 0001104659-26-027404 ↗ |
| 10-K | 2026-02-20 | 2025-12-31 | 0000107815-26-000003 ↗ |
| 8-K | 2025-12-05 | 2025-12-02 | 0001104659-25-118685 ↗ |
| 10-Q | 2025-10-31 | 2025-09-30 | 0000107815-25-000207 ↗ |
| 8-K | 2025-09-25 | 2025-09-18 | 0001104659-25-093160 ↗ |
| 10-Q | 2025-08-01 | 2025-06-30 | 0000107815-25-000204 ↗ |
| 8-K | 2025-06-25 | 2025-06-25 | 0000783325-25-000019 ↗ |
| 10-Q | 2025-05-07 | 2025-03-31 | 0000107815-25-000184 ↗ |