Wisconsin Electric Power Co. (WELPP) intrinsic value & 10-year financials

Wisconsin Electric Power Co. (WELPP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 1.9% a year to $4.5B, with an average return on invested capital of 6.7%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$62.02
Revenue (FY2025)
$4.5B
Revenue growth (10-yr CAGR)
1.9%
ROIC (10-yr avg)
6.7%
Free cash flow (FY2025)
-$1.6B

WELPP 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.5B $626.8M — -$1.6B 26.1% 7.5%
FY2024 $4.0B $513.2M — -$178.2M 26.7% 7.2%
FY2023 $4.0B $480.6M — -$155.5M 25.3% 7.4%
FY2022 $4.1B $396.7M — -$293.4M 23.1% 7.1%
FY2021 $3.7B $381.2M — -$11.1M 23.7% 8.0%
FY2020 $3.4B $365.6M — $103.5M 25.6% 8.4%
FY2019 $3.5B $362.1M — $263.8M 21.7% 8.4%
FY2018 $3.6B $359.5M — $359.0M 11.1% 4.5%
FY2017 $3.7B $336.8M — $101.9M 16.9% 4.5%
FY2016 $3.8B $365.5M — $378.9M 16.6% 4.4%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

WISCONSIN ELECTRIC POWER CO has demonstrated mature, steady growth, with revenue compounding at 1.9% annually over the past decade.

WISCONSIN ELECTRIC POWER CO has historically struggled to out-earn its cost of capital, averaging just 6.7% ROIC.

WISCONSIN ELECTRIC POWER CO has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, WISCONSIN ELECTRIC POWER CO is modeled at 1.9% normalized earnings growth with a 5.1% bond-yield adjustment.

WELPP stock: frequently asked questions

How fast has Wisconsin Electric Power Co. grown?

Revenue went from $3.8B in fiscal 2016 to $4.5B in fiscal 2025, a compound annual growth rate of 1.9%. Net income was $626.8M in fiscal 2025.

Does Wisconsin Electric Power Co. generate free cash flow?

Wisconsin Electric Power Co. generated -$1.6B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 5 of the last 10 reported years.

What is WELPP's return on invested capital?

Average ROIC over the last 10 fiscal years was 6.7%, and average return on equity was 10.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this WELPP data come from?

From Wisconsin Electric Power Co.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 4, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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