Xcel Energy Inc.

XEL Utilities Utilities Regulated Electric

Xcel Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.7 billion, up 9.14% from fiscal 2024. In the quarter to June 2026, revenue fell 5.11%, EPS grew 23.7%, free cash flow fell 37.3% and total debt rose 22.7%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years.

76.36 1.24 +1.65%
Market cap
$46.9B
P/E
20.8×
Fwd P/E
19.2×
Dividend yield
3.07%
F-score
5/9
Altman Z
0.86
Beneish M
−2.50
Dividend safety
38/100

Xcel Energy Inc. (XEL) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Xcel Energy Inc. (XEL) trades at a EV/EBITDA of 14.6×. Over the past ten years it has ranged from 9.4× (November 2016) to 15.2× (July 2026); the current reading is higher than 95% of that period. That is above the Utilities Regulated Electric industry median of 12.2× and above the Utilities sector median of 12.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 13.6× 6.76%
FY2024 12.7× 5.04%
FY2023 12.1× (4.19%)
FY2022 12.6× (5.55%)
FY2021 13.4× 0.98%
FY2020 13.3× 3.36%
FY2019 12.8× 13.65%
FY2018 11.3× 8.00%
FY2017 10.4× 8.41%
FY2016 9.6× (2.47%)

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 15.0× 2.14%
Mar 2026 14.7× 8.17%
Dec 2025 13.6× (8.56%)
Sep 2025 14.9× 15.30%
42 more quarters

Against its own ten years

Low 9.4× High 15.2×
Ten-year median 12.1×
Current reading's percentile 95

EV/EBITDA against peers

Company EV/EBITDA
EXC Exelon Corporation compare 10.4×
ED Consolidated Edison Inc compare 12.2×
AEE Ameren Corporation compare 12.7×
PEG Public Service Enterprise Group Incorporated compare 13.1×
ETR Entergy Corporation compare 13.6×
AEP American Electric Power Company, Inc. compare 13.7×
XEL Xcel Energy Inc. 14.6×
WEC WEC Energy Group, Inc. compare 15.3×
D Dominion Energy Inc. compare 16.6×
Utilities Regulated Electric industry median 12.2×
Utilities sector median 12.4×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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