Last 47 quarters of trend data · Utilities · Regulated Electric
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 22.31 | 21.59 | 22.31 | 19.44 | 22.40 | 22.40 | 21.07 | 20.84 | 13.49 | 24.73 | 15.27 | 20.92 | 12.02 | 29.89 | 22.18 | 25.40 | 13.56 | 29.48 | 25.78 | 29.18 | 13.83 |
| — | -3.6% | +5.9% | -6.7% | +66.0% | -9.4% | +38.0% | -0.4% | +12.2% | -17.3% | -31.2% | -17.7% | -11.3% | +1.4% | -13.9% | -12.9% | -1.9% | +3.8% | +3.9% | -5.5% | -8.6% | |
| P/S Ratio | 3.25 | 4.04 | 3.09 | 3.10 | 3.00 | 3.01 | 2.61 | 3.12 | 2.53 | 2.46 | 2.05 | 2.49 | 2.16 | 2.84 | 2.28 | 2.37 | 2.15 | 2.82 | 2.62 | 2.73 | 2.43 |
| — | +33.9% | +18.3% | -0.7% | +18.4% | +22.7% | +27.7% | +25.1% | +17.4% | -13.5% | -10.1% | +4.9% | +0.4% | +0.6% | -13.1% | -13.2% | -11.6% | -2.5% | +3.6% | -9.1% | -15.1% | |
| P/B Ratio | 1.90 | 2.09 | 2.09 | 1.87 | 2.22 | 1.89 | 2.06 | 1.99 | 1.91 | 1.66 | 1.68 | 1.95 | 1.82 | 2.03 | 2.21 | 2.31 | 2.14 | 2.42 | 2.50 | 2.35 | 2.22 |
| — | +10.7% | +1.3% | -6.2% | +16.2% | +14.1% | +23.1% | +2.3% | +4.5% | -18.3% | -24.2% | -15.7% | -14.8% | -16.1% | -11.6% | -1.8% | -3.6% | +0.8% | +2.5% | -3.4% | -16.0% | |
| P/FCF | — | — | — | 3.05 | — | — | — | — | — | — | — | — | 30.73 | — | 34.15 | — | — | — | 49.66 | — | 336.88 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | -31.2% | — | — | — | — | — | — | |
| EV / EBITDA | 14.09 | 16.24 | 14.53 | 12.88 | 13.11 | 13.44 | 12.51 | 15.92 | 10.01 | 12.35 | 10.64 | 12.50 | 9.27 | 15.02 | 12.79 | 13.80 | 9.63 | 13.90 | 14.44 | 15.21 | 10.26 |
| — | +20.8% | +16.2% | -19.1% | +31.0% | +8.8% | +17.6% | +27.4% | +8.0% | -17.7% | -16.8% | -9.4% | -3.8% | +8.0% | -11.4% | -9.3% | -6.1% | -7.8% | +2.7% | +1.0% | -3.9% | |
| EV / EBIT | 28.53 | 39.88 | 24.74 | 24.87 | 22.88 | 25.32 | 24.64 | 37.13 | 16.34 | 28.39 | 19.65 | 24.17 | 15.28 | 33.36 | 25.94 | 30.27 | 16.35 | 32.16 | 29.65 | 34.89 | 16.88 |
| — | +57.5% | +0.4% | -33.0% | +40.0% | -10.8% | +25.4% | +53.6% | +6.9% | -14.9% | -24.3% | -20.1% | -6.5% | +3.7% | -12.5% | -13.2% | -3.2% | +3.3% | +8.0% | +16.9% | -0.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.3% | 60.6% | 22.8% | -48.8% | 52.6% | 47.4% | 43.1% | 41.3% | 51.1% | 46.0% | 44.0% | 44.4% | 49.5% | 39.1% | 35.7% | 33.8% | 43.9% | 39.9% | 35.6% | 36.0% | 45.9% |
| — | +27.7% | -47.3% | -218.2% | +2.9% | +3.2% | -1.9% | -7.0% | +3.4% | +17.4% | +23.2% | +31.5% | +12.8% | -1.9% | +0.3% | -6.3% | -4.5% | +2.6% | -0.3% | -8.3% | -6.2% | |
| Operating Margin | 19.6% | 22.6% | 18.2% | 24.6% | 19.1% | 17.6% | 17.3% | 11.1% | 25.0% | 14.8% | 18.6% | 16.7% | 25.0% | 13.8% | 14.0% | 13.0% | 22.6% | 13.7% | 13.6% | 12.9% | 23.8% |
| — | +28.9% | +5.0% | +121.2% | -23.5% | +18.4% | -6.9% | -33.4% | +0.1% | +7.2% | +32.5% | +29.0% | +10.4% | +1.0% | +3.3% | +0.4% | -4.9% | -4.1% | -5.0% | -10.7% | -6.9% | |
| Net Margin | 13.8% | 18.8% | 13.8% | 15.9% | 13.4% | 13.5% | 12.4% | 14.9% | 18.7% | 10.0% | 13.4% | 11.9% | 17.9% | 9.5% | 10.2% | 9.4% | 15.9% | 9.6% | 10.1% | 9.4% | 17.6% |
| — | +39.1% | +11.8% | +7.1% | -28.5% | +35.4% | -7.5% | +25.2% | +4.5% | +4.7% | +30.5% | +27.1% | +12.7% | -0.5% | +1.1% | -0.4% | -9.5% | -5.5% | -0.9% | -3.9% | -7.3% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.4% | 2.4% | 2.3% | 2.5% | 2.5% | 2.2% | 2.5% | 2.4% | 3.7% | 1.7% | 2.8% | 2.3% | 3.8% | 1.7% | 2.5% | 2.3% | 4.0% | 2.1% | 2.4% | 2.0% | 4.1% |
| — | +12.4% | -4.5% | +6.1% | -32.0% | +29.1% | -10.8% | +1.9% | -4.6% | -1.2% | +10.3% | +2.2% | -4.4% | -17.5% | +2.9% | +12.0% | -1.3% | -1.9% | -2.0% | +0.7% | -8.4% | |
| ROA | 2.7% | 0.7% | 0.7% | 0.7% | 0.7% | 0.6% | 0.7% | 0.7% | 1.0% | 0.5% | 0.8% | 0.6% | 1.1% | 0.5% | 0.7% | 0.6% | 1.1% | 0.6% | 0.7% | 0.5% | 1.1% |
| — | +13.6% | -1.1% | +6.1% | -31.8% | +32.6% | -10.1% | +3.4% | -5.6% | -3.7% | +10.0% | +3.0% | -3.2% | -16.0% | +4.3% | +14.6% | +2.1% | +1.9% | +0.1% | +2.1% | -5.3% | |
| ROIC | 4.0% | 0.9% | 0.9% | 1.2% | 1.0% | 0.8% | 1.0% | 0.5% | 1.4% | 0.7% | 1.1% | 1.0% | 1.6% | 0.7% | 1.0% | 0.9% | 1.7% | 0.9% | 1.0% | 0.8% | 1.6% |
| — | +2.6% | -8.9% | +117.3% | -27.8% | +14.9% | -9.8% | -44.8% | -8.1% | -0.3% | +11.2% | +3.8% | -6.4% | -16.0% | +6.0% | +14.5% | +6.2% | +1.6% | -6.5% | -7.9% | -8.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.47 | 1.68 | 1.65 | 1.47 | 1.64 | 1.59 | 1.63 | 1.55 | 1.54 | 1.70 | 1.60 | 1.56 | 1.57 | 1.58 | 1.55 | 1.56 | 1.55 | 1.58 | 1.57 | 1.58 | 1.63 |
| — | +5.9% | +0.9% | -4.8% | +6.2% | -6.6% | +1.8% | -0.9% | -1.7% | +7.4% | +3.6% | +0.0% | +1.4% | +0.2% | -1.3% | -1.5% | -5.3% | -5.3% | -5.8% | +4.0% | +0.1% | |
| Debt / EBITDA | 5.96 | 29.61 | 26.14 | 22.79 | 22.55 | 25.06 | 22.45 | 27.92 | 18.31 | 25.72 | 21.00 | 22.30 | 17.30 | 26.46 | 21.12 | 22.31 | 16.18 | 22.09 | 22.29 | 24.56 | 17.57 |
| — | +18.2% | +16.4% | -18.4% | +23.2% | -2.6% | +6.9% | +25.2% | +5.8% | -2.8% | -0.6% | -0.0% | +6.9% | +19.8% | -5.3% | -9.2% | -7.9% | -11.5% | -4.0% | +5.6% | +6.3% | |
| Current Ratio | 0.71 | 0.70 | 0.77 | 0.71 | 0.79 | 0.96 | 0.80 | 0.67 | 0.93 | 0.97 | 0.86 | 0.72 | 0.87 | 0.80 | 0.75 | 0.85 | 1.04 | 1.00 | 0.75 | 0.84 | 0.78 |
| — | -27.2% | -3.3% | +5.6% | -14.9% | -0.3% | -7.6% | -7.0% | +7.6% | +20.3% | +14.7% | -14.9% | -16.4% | -19.3% | -0.0% | +0.7% | +33.4% | +18.8% | -15.1% | +8.7% | -10.9% | |
| Quick Ratio | 0.60 | 0.70 | 0.68 | 0.60 | 0.69 | 0.85 | 0.70 | 0.57 | 0.82 | 0.86 | 0.74 | 0.59 | 0.73 | 0.68 | 0.65 | 0.71 | 0.86 | 0.86 | 0.66 | 0.72 | 0.68 |
| — | -17.4% | -3.7% | +5.9% | -15.9% | -1.3% | -5.2% | -4.7% | +12.6% | +25.9% | +14.4% | -16.8% | -14.9% | -20.8% | -1.3% | -0.1% | +27.2% | +17.1% | -16.7% | +10.6% | -10.6% | |
| Interest Coverage | 2.32 | 1.04 | 2.37 | 2.23 | 2.53 | 2.13 | 2.37 | 1.56 | 3.27 | 1.71 | 2.66 | 2.41 | 3.73 | 1.78 | 2.50 | 2.30 | 3.89 | 2.06 | 2.58 | 2.13 | 4.20 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying XEL stock.
Xcel Energy Inc.'s current P/E is 22.3x. The average P/E over the last 4 quarters is 21.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Xcel Energy Inc.'s current operating margin is 19.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Xcel Energy Inc.'s business trajectory between earnings reports.