• WEC Energy average return on tangible equity for 2023 was 15.33, a 7.71% decline from 2022.
• WEC Energy average return on tangible equity for 2022 was 16.61, a 0.48% decline from 2021.
• WEC Energy average return on tangible equity for 2021 was 16.53, a 2.42% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.