8-K Announcements
6Material company update
May 1, 2026·SEC
Material company update
Mar 3, 2026·SEC
Material company update
Feb 5, 2026·SEC
Xcel Energy Inc.(XEL)Earnings, Financials & Key Ratios
XEL•NASDAQ•Utilities
$81.45
$50.84B mkt cap·23.8× P/E·Price updated May 6, 2026
AboutXcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas. In addition, the company develops and leases natural gas pipelines, and storage and compression facilities; and invests in rental housing projects, as well as procures equipment for the construction of renewable generation facilities. It serves residential, commercial, and industrial customers in the portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company sells electricity to approximately 3.7 million customers; and natural gas to approximately 2.1 million customers. Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.Show more
- Revenue$14.67B+9.1%
- EBITDA$5.83B+10.9%
- Net Income$2.02B+4.2%
- Free Cash Flow-$6.89B-152.9%
- EBITDA Margin39.76%+1.6%
- Net Margin13.76%-4.5%
- ROE9.36%-10.2%
- Interest Coverage2.32+1.0%
- Debt/Equity1.47-4.8%
- Net Debt/EBITDA5.92+3.7%
- CapEx / Revenue74.78%+36.5%
- CapEx Coverage0.37-40.9%
XEL Key Insights
Xcel Energy Inc. (XEL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓17 years of consecutive dividend growth
- ✓17 consecutive years of dividend growth
- ✓Healthy dividend yield of 2.7%
- ✓Trading near 52-week high
✗Weaknesses
- ✗High leverage: 6.0x Debt/EBITDA
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
XEL Price & Volume
Xcel Energy Inc. (XEL) stock price & volume — 10-year historical chart
Loading chart...
XEL Growth Metrics
Xcel Energy Inc. (XEL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.9%
5 Years4.94%
3 Years-1.42%
TTM7.93%
Profit CAGR
10 Years7.44%
5 Years6.5%
3 Years5.15%
TTM8.29%
EPS CAGR
10 Years5.83%
5 Years4.16%
3 Years2.56%
TTM2.94%
Return on Capital
10 Years4.72%
5 Years4.25%
3 Years4.15%
Last Year4.18%
XEL Recent Earnings
Xcel Energy Inc. (XEL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
Apr 30, 2026EPS
$0.91
Est $0.91
+0.3%
Revenue
$4.0B
Est $4.2B
-4.5%
Q1 2026
Feb 5, 2026EPS
$0.96
Est $0.96
-0.2%
Revenue
$3.6B
Est $3.6B
-1.8%
Q4 2025
Oct 30, 2025EPS
$1.24
Est $1.32
-6.1%
Revenue
$3.9B
Est $3.9B
+0.6%
Q3 2025
Jul 31, 2025EPS
$0.75
Est $0.65
+16.3%
Revenue
$3.3B
Est $3.2B
+2.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.91vs $0.91+0.3% | $4.0Bvs $4.2B-4.5% |
| Q1 2026 | Feb 5, 2026 | $0.96vs $0.96-0.2% | $3.6Bvs $3.6B-1.8% |
| Q4 2025 | Oct 30, 2025 | $1.24vs $1.32-6.1% | $3.9Bvs $3.9B+0.6% |
| Q3 2025 | Jul 31, 2025 | $0.75vs $0.65+16.3% | $3.3Bvs $3.2B+2.4% |
Based on last 12 quarters of dataView full earnings history →
XEL Peer Comparison
Xcel Energy Inc. (XEL) competitors in Electric and gas combination utilities — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ED | 25.7B | 109.15 | 19.35 | 10.89% | 12.26% | 8.42% | 17.62% | 0.01 |
 WEC | 37.53B | 115.22 | 23.86 | 13.96% | 16.25% | 11.64% | 1.59 | |
 ES | 25.85B | 68.90 | 30.35 | -0.08% | 10.22% | 8.3% | 1.92 | |
 DTE | 29.85B | 143.50 | 20.33 | 26.95% | 7.75% | 10.43% | 2.16 | |
 CMS | 23.15B | 74.93 | 21.23 | 13.63% | 12.55% | 11.6% | 1.95 | |
 EVRG | 18.79B | 81.61 | 22.30 | 2.37% | 14.63% | 8.22% | 0.07 | |
 PNW | 12.26B | 101.29 | 20.06 | 4.2% | 11.99% | 9.27% | 2.52 | |
 AEP | 74.51B | 137.07 | 20.58 | 9.37% | 16.49% | 11.45% | 1.56 |
Compare XEL vs Peers
Xcel Energy Inc. (XEL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
XEL Income Statement
Xcel Energy Inc. (XEL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.4B | 11.54B | 11.53B | 11.53B | 13.43B | 15.31B | 14.21B | 13.44B | 14.67B | 14.78B |
| Revenue Growth % | 2.67% | 1.17% | -0.07% | -0.03% | 16.53% | 13.99% | -7.21% | -5.38% | 9.14% | 7.93% |
| Cost of Revenue | 6.88B | 7.08B | 6.81B | 6.56B | 8.17B | 9.45B | 8.23B | 7.29B | 11.1B | 11.99B |
| Gross Profit | 4.52B▲ 0% | 4.45B▼ 1.5% | 4.72B▲ 6.1% | 4.96B▲ 5.1% | 5.26B▲ 5.9% | 5.86B▲ 11.4% | 5.98B▲ 2.0% | 6.15B▲ 2.8% | 3.56B▼ 42.0% | 2.79B▲ 0% |
| Gross Margin % | 39.64% | 38.6% | 40.97% | 43.07% | 39.15% | 38.28% | 42.09% | 45.74% | 24.3% | 18.91% |
| Gross Profit Growth % | 4.63% | -1.48% | 6.06% | 5.1% | 5.92% | 11.45% | 2.03% | 2.83% | -42.01% | - |
| Operating Expenses | 2.3B | 2.49B | 2.62B | 2.85B | 3.06B | 3.43B | 3.5B | 3.76B | 686M | -139M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 3.78B | 3.73B | 3.99B | 4.2B | 4.46B | 4.98B | 5.05B | 5.26B | 5.83B | 5.89B |
| EBITDA Margin % | 33.17% | 32.32% | 34.59% | 36.42% | 33.21% | 32.54% | 35.53% | 39.14% | 39.76% | 39.85% |
| EBITDA Growth % | 3.99% | -1.43% | 6.95% | 5.27% | 6.24% | 11.7% | 1.32% | 4.22% | 10.85% | 10.38% |
| Depreciation & Amortization | 1.59B | 1.76B | 1.88B | 2.08B | 2.26B | 2.55B | 2.57B | 2.88B | 2.95B | 2.96B |
| D&A / Revenue % | 13.97% | 15.29% | 16.34% | 18.06% | 16.8% | 16.68% | 18.07% | 21.39% | 20.13% | 20.01% |
| Operating Income (EBIT) | 2.19B▲ 0% | 1.97B▼ 10.3% | 2.1B▲ 7.1% | 2.12B▲ 0.6% | 2.2B▲ 4.1% | 2.43B▲ 10.2% | 2.48B▲ 2.2% | 2.39B▼ 3.8% | 2.88B▲ 20.7% | 2.93B▲ 0% |
| Operating Margin % | 19.2% | 17.03% | 18.25% | 18.36% | 16.4% | 15.86% | 17.46% | 17.75% | 19.63% | 19.85% |
| Operating Income Growth % | -1.08% | -10.27% | 7.07% | 0.57% | 4.11% | 10.21% | 2.18% | -3.83% | 20.66% | - |
| Interest Expense | 604M | 652M | 732M | 805M | 816M | 925M | 1B | 1.18B | 1.34B | 4M |
| Interest Coverage | 3.80x | 3.21x | 3.02x | 2.78x | 2.87x | 2.73x | 2.62x | 2.30x | 2.32x | - |
| Interest / Revenue % | 5.3% | 5.65% | 6.35% | 6.98% | 6.08% | 6.04% | 7.07% | 8.79% | 9.16% | 0.03% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Pretax Income | 1.69B▲ 0% | 1.44B▼ 14.7% | 1.5B▲ 4.0% | 1.47B▼ 2.2% | 1.53B▲ 4.1% | 1.6B▲ 4.8% | 1.63B▲ 1.5% | 1.53B▼ 5.6% | 1.77B▲ 15.6% | 1.86B▲ 0% |
| Pretax Margin % | 14.82% | 12.5% | 13.01% | 12.73% | 11.37% | 10.46% | 11.44% | 11.41% | 12.09% | 12.58% |
| Income Tax | 542M | 181M | 128M | -6M | -70M | -135M | -146M | -402M | -245M | -231M |
| Effective Tax Rate % | 32.07% | 12.55% | 8.53% | -0.41% | -4.58% | -8.43% | -8.98% | -26.21% | -13.82% | -12.42% |
| Net Income | 1.15B▲ 0% | 1.26B▲ 9.8% | 1.37B▲ 8.8% | 1.47B▲ 7.4% | 1.6B▲ 8.4% | 1.74B▲ 8.7% | 1.77B▲ 2.0% | 1.94B▲ 9.3% | 2.02B▲ 4.2% | 2.09B▲ 0% |
| Net Margin % | 10.07% | 10.93% | 11.9% | 12.78% | 11.89% | 11.34% | 12.47% | 14.4% | 13.76% | 14.14% |
| Net Income Growth % | 2.19% | 9.84% | 8.8% | 7.36% | 8.42% | 8.7% | 2.02% | 9.32% | 4.24% | 8.29% |
| EPS (Diluted) | 2.25▲ 0% | 2.47▲ 9.8% | 2.64▲ 6.9% | 2.79▲ 5.7% | 2.96▲ 6.1% | 3.17▲ 7.1% | 3.21▲ 1.3% | 3.44▲ 7.2% | 3.42▼ 0.6% | 3.34▲ 0% |
| EPS Growth % | 1.81% | 9.78% | 6.88% | 5.68% | 6.09% | 7.09% | 1.26% | 7.17% | -0.58% | 2.94% |
| EPS (Basic) | 2.26 | 2.47 | 2.64 | 2.80 | 2.96 | 3.17 | 3.21 | 3.44 | 3.44 | - |
| Diluted Shares Outstanding | 509M | 511M | 520M | 528M | 540M | 547M | 552M | 563M | 589M | 626M |
XEL Balance Sheet
Xcel Energy Inc. (XEL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 43.03B | 45.99B | 50.45B | 53.96B | 57.85B | 61.19B | 64.08B | 70.03B | 81.37B | 84.83B |
| Asset Growth % | 4.56% | 6.87% | 9.7% | 6.96% | 7.22% | 5.77% | 4.72% | 9.29% | 16.19% | 57.94% |
| PP&E (Net) | 34.33B | 36.94B | 41.16B | 44.44B | 46.75B | 49.46B | 52.86B | 58.26B | 67.88B | 70.11B |
| PP&E / Total Assets % | 79.78% | 80.34% | 81.58% | 82.36% | 80.81% | 80.83% | 82.49% | 83.18% | 83.42% | 82.65% |
| Total Current Assets | 2.97B | 3.09B | 3.11B | 3.27B | 4.24B | 5.14B | 4.07B | 4.33B | 5.01B | 5.88B |
| Cash & Equivalents | 83M | 147M | 248M | 129M | 166M | 111M | 129M | 179M | 274M | 1.76B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 610M | 548M | 544M | 535M | 631M | 803M | 711M | 666M | 761M | 709M |
| Other Current Assets | 651M | 705M | 728M | 939M | 1.52B | 1.7B | 1.01B | 1.33B | 1.77B | 2.07B |
| Long-Term Investments | 2.4B | 2.32B | 2.73B | 3.1B | 3.63B | 3.23B | 3.6B | 3.9B | 4.39B | 17.09B |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 3.33B | 3.63B | 3.45B | 3.15B | 3.24B | 3.35B | 3.55B | 3.56B | 4.09B | 4.5B |
| Total Liabilities | 31.57B | 33.77B | 37.21B | 39.38B | 42.24B | 44.51B | 46.46B | 50.51B | 57.76B | 61.02B |
| Total Debt | 15.79B | 17.25B | 20.45B | 22.21B | 24.74B | 26.03B | 27.51B | 30.21B | 34.78B | 37.72B |
| Net Debt | 15.71B | 17.1B | 20.2B | 22.08B | 24.57B | 25.92B | 27.39B | 30.03B | 34.51B | 35.96B |
| Long-Term Debt | 14.52B | 15.8B | 17.41B | 19.64B | 21.78B | 22.81B | 24.91B | 27.32B | 31.83B | 36.61B |
| Short-Term Borrowings | 1.27B | 1.44B | 1.3B | 1B | 1.61B | 1.96B | 1.34B | 1.8B | 2.05B | 1.11B |
| Capital Lease Obligations | 0 | 0 | 1.74B | 1.56B | 1.35B | 1.25B | 1.26B | 1.09B | 898M | 3.44B |
| Total Current Liabilities | 4.09B | 4.46B | 4.57B | 4.24B | 5.05B | 6.08B | 5.65B | 6.46B | 7.09B | 7.64B |
| Accounts Payable | 1.24B | 1.24B | 1.29B | 1.24B | 1.41B | 1.8B | 1.67B | 1.78B | 2.31B | 2.26B |
| Accrued Expenses | 174M | 174M | 192M | 203M | 209M | 217M | 251M | 280M | 337M | 1.07B |
| Deferred Revenue | 193M | 199M | 203M | 197M | 196M | 181M | 167M | 146M | 129M | 0 |
| Other Current Liabilities | 769M | 960M | 913M | 771M | 799M | 1.04B | 1.32B | 1.52B | 1.35B | 4.26B |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 24.85B |
| Other Liabilities | 8.87B | 9.08B | 8.92B | 9.17B | 9.13B | 9.6B | 9.75B | 10.37B | 10.66B | 10.86B |
| Total Equity | 11.46B▲ 0% | 12.22B▲ 6.7% | 13.24B▲ 8.3% | 14.57B▲ 10.1% | 15.61B▲ 7.1% | 16.68B▲ 6.8% | 17.62B▲ 5.6% | 19.52B▲ 10.8% | 23.61B▲ 20.9% | 23.81B▲ 0% |
| Equity Growth % | 3.94% | 6.7% | 8.32% | 10.09% | 7.11% | 6.81% | 5.64% | 10.82% | 20.94% | 67.34% |
| Shareholders Equity | 11.46B | 12.22B | 13.24B | 14.57B | 15.61B | 16.68B | 17.62B | 19.52B | 23.61B | 23.81B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 1.27B | 1.28B | 1.31B | 1.34B | 1.36B | 1.37B | 1.39B | 1.44B | 1.56B | 1.56B |
| Additional Paid-in Capital | 5.9B | 6.17B | 6.66B | 7.4B | 7.8B | 8.15B | 8.46B | 9.6B | 12.91B | 0 |
| Retained Earnings | 4.41B | 4.89B | 5.41B | 5.97B | 6.57B | 7.24B | 7.86B | 8.55B | 9.21B | 9.39B |
| Accumulated OCI | -125M | -124M | -141M | -141M | -123M | -93M | -94M | -68M | -63M | -59M |
| Return on Assets (ROA) | 2.73% | 2.83% | 2.85% | 2.82% | 2.86% | 2.92% | 2.83% | 2.89% | 2.67% | 2.61% |
| Return on Equity (ROE) | 10.22% | 10.65% | 10.78% | 10.59% | 10.58% | 10.75% | 10.33% | 10.43% | 9.36% | 9.34% |
| Debt / Equity | 1.38x | 1.41x | 1.54x | 1.52x | 1.58x | 1.56x | 1.56x | 1.55x | 1.47x | 1.47x |
| Debt / Assets | 36.7% | 37.5% | 40.53% | 41.16% | 42.76% | 42.54% | 42.94% | 43.13% | 42.74% | 44.47% |
| Net Debt / EBITDA | 4.15x | 4.59x | 5.06x | 5.26x | 5.51x | 5.20x | 5.42x | 5.71x | 5.92x | 5.92x |
| Book Value per Share | 22.5 | 23.92 | 25.46 | 27.6 | 28.91 | 30.48 | 31.91 | 34.67 | 40.08 | 38.03 |
XEL Cash Flow Statement
Xcel Energy Inc. (XEL) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 3.13B | 3.12B | 3.26B | 2.85B | 2.19B | 3.93B | 5.33B | 4.64B | 4.08B | 4.08B |
| Operating CF Growth % | 2.41% | -0.13% | 4.52% | -12.72% | -23.14% | 79.63% | 35.48% | -12.88% | -12.02% | -625.9% |
| Operating CF / Revenue % | 27.41% | 27.06% | 28.3% | 24.71% | 16.3% | 25.68% | 37.5% | 34.53% | 27.83% | 27.62% |
| Net Income | 1.15B | 1.26B | 1.37B | 1.47B | 1.6B | 1.74B | 1.77B | 1.94B | 2.02B | 2.09B |
| Depreciation & Amortization | 1.61B | 1.78B | 1.9B | 2.08B | 2.26B | 2.55B | 2.57B | 2.88B | 3.08B | 3.01B |
| Deferred Taxes | 635M | 218M | 143M | -8M | -79M | -140M | -59M | 225M | 414M | -263M |
| Other Non-Cash Items | -24M | -113M | 51M | -217M | -173M | -123M | -169M | -256M | -365M | -2.67B |
| Working Capital Changes | -299M | -70M | -265M | -555M | -1.44B | -115M | 1.19B | -172M | -1.11B | 276M |
| Capital Expenditures | -3.32B | -3.96B | -4.22B | -5.37B | -4.24B | -4.64B | -5.85B | -7.36B | -10.97B | -1.01B |
| CapEx / Revenue % | 29.1% | 34.3% | 36.65% | 46.58% | 31.6% | 30.29% | 41.21% | 54.79% | 74.78% | 6.85% |
| CapEx / D&A | 2.06x | 2.22x | 2.22x | 2.58x | 1.88x | 1.82x | 2.28x | 2.56x | 3.56x | 0.34x |
| CapEx Coverage (OCF/CapEx) | 0.94x | 0.79x | 0.77x | 0.53x | 0.52x | 0.85x | 0.91x | 0.63x | 0.37x | 4.03x |
| Cash from Investing | -3.3B | -3.99B | -4.34B | -4.74B | -4.29B | -4.65B | -5.93B | -7.43B | -10.97B | -1.03B |
| Acquisitions | -17M | 3.96B | 4.22B | 684M | 4.24B | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | -1.7B | -853M | -995M | -1.4B | -757M | -1.33B | -994M | -998M | -1.2B | -522M |
| Sale of Investments | 1.67B | 833M | 975M | 1.38B | 743M | 1.3B | 959M | 961M | 1.2B | 523M |
| Other Investing | 68M | -3.97B | -4.32B | -35M | -4.27B | 20M | -37M | -27M | -58M | 5M |
| Cash from Financing | 168M | 928M | 1.18B | 1.77B | 2.13B | 666M | 617M | 2.84B | 6.98B | 901M |
| Dividends Paid | -721M | -730M | -791M | -856M | -935M | -1.01B | -1.09B | -1.18B | -1.28B | -41M |
| Dividend Payout Ratio % | 62.8% | 57.89% | 57.65% | 58.11% | 58.55% | 58.29% | 61.66% | 60.69% | 63.53% | - |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 2M |
| Stock Issued | 31M | 230M | 458M | 727M | 366M | 322M | 270M | 1.12B | 3.35B | -121M |
| Share Repurchases | -3M | -1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 401M | -20M | -14M | -26M | -10M | -15M | -12M | -6M | 9M | -25M |
| Net Change in Cash | -2M▲ 0% | 64M▲ 3300.0% | 101M▲ 57.8% | -119M▼ 217.8% | 37M▲ 131.1% | -55M▼ 248.6% | 18M▲ 132.7% | 50M▲ 177.8% | 95M▲ 90.0% | 542M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 85M | 83M | 147M | 248M | 129M | 166M | 111M | 129M | 179M | 274M |
| Cash at End | 83M | 147M | 248M | 129M | 166M | 111M | 129M | 179M | 274M | 1.76B |
| Free Cash Flow | -193M▲ 0% | -835M▼ 332.6% | -962M▼ 15.2% | -2.52B▼ 162.1% | -2.06B▲ 18.5% | -706M▲ 65.6% | -527M▲ 25.4% | -2.72B▼ 416.7% | -6.89B▼ 152.9% | -343M▲ 0% |
| FCF Growth % | 5.04% | -332.64% | -15.21% | -162.06% | 18.48% | 65.64% | 25.35% | -416.7% | -152.88% | 89.28% |
| FCF Margin % | -1.69% | -7.24% | -8.34% | -21.87% | -15.3% | -4.61% | -3.71% | -20.26% | -46.94% | -2.32% |
| FCF / Net Income % | -16.81% | -66.22% | -70.12% | -171.15% | -128.68% | -40.67% | -29.76% | -140.65% | -341.23% | -16.4% |
XEL Key Ratios
Xcel Energy Inc. (XEL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 10.22% | 10.65% | 10.78% | 10.59% | 10.58% | 10.75% | 10.33% | 10.43% | 9.36% | 9.34% |
| EBITDA Margin | 33.17% | 32.32% | 34.59% | 36.42% | 33.21% | 32.54% | 35.53% | 39.14% | 39.76% | 39.85% |
| Net Debt / EBITDA | 4.15x | 4.59x | 5.06x | 5.26x | 5.51x | 5.20x | 5.42x | 5.71x | 5.92x | 5.92x |
| Interest Coverage | 3.80x | 3.21x | 3.02x | 2.78x | 2.87x | 2.73x | 2.62x | 2.30x | 2.32x | - |
| CapEx / Revenue | 29.1% | 34.3% | 36.65% | 46.58% | 31.6% | 30.29% | 41.21% | 54.79% | 74.78% | 6.85% |
| Dividend Payout Ratio | 62.8% | 57.89% | 57.65% | 58.11% | 58.55% | 58.29% | 61.66% | 60.69% | 63.53% | 1.96% |
| Debt / Equity | 1.38x | 1.41x | 1.54x | 1.52x | 1.58x | 1.56x | 1.56x | 1.55x | 1.47x | 1.47x |
| EPS Growth | 1.81% | 9.78% | 6.88% | 5.68% | 6.09% | 7.09% | 1.26% | 7.17% | -0.58% | 2.94% |
XEL SEC Filings & Documents
Xcel Energy Inc. (XEL) SEC filings — annual & quarterly reports (10-K, 10-Q)
XEL Frequently Asked Questions
Xcel Energy Inc. (XEL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Xcel Energy Inc. (XEL) reported $14.78B in revenue for fiscal year 2025. This represents a 457% increase from $2.65B in 1996.
Xcel Energy Inc. (XEL) grew revenue by 9.1% over the past year. This is steady growth.
Yes, Xcel Energy Inc. (XEL) is profitable, generating $2.09B in net income for fiscal year 2025 (13.8% net margin).
Dividend & Returns
Yes, Xcel Energy Inc. (XEL) pays a dividend with a yield of 2.67%. This makes it attractive for income-focused investors.
Xcel Energy Inc. (XEL) has a return on equity (ROE) of 9.4%. This is below average, suggesting room for improvement.
Xcel Energy Inc. (XEL) had negative free cash flow of $343.0M in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Xcel Energy Inc. (XEL) has a dividend payout ratio of 64%. This suggests the dividend is well-covered and sustainable.
Explore More XEL
Xcel Energy Inc. (XEL) financial analysis — history, returns, DCA and operating performance tools
Full XEL Stock Analysis
Analyst verdict, bull/bear case, risk factors and peer comparison
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates