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Saturday 17 October 2026 Export XEL’s income statement to Excel — free account

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
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Xcel Energy Inc. (XEL) Gross margin

Alert me on Gross margin

Xcel Energy Inc.'s gross margin over the twelve months to 30 June 2026 was 67.6%, up 1.7 percentage points from fiscal 2025 (65.8%). Over the past ten years it has ranged from 54.6% (fiscal 2022) to 65.8% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Utilities Regulated Electric industry median of 66.3% and above the Utilities sector median of 62.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 65.8% 1.19
FY2024 64.6% 5.35
FY2023 59.3% 4.74
FY2022 54.6% (1.88)
FY2021 56.4% (6.80)
FY2020 63.2% 1.98
FY2019 61.3% 2.27
FY2018 59.0% (0.56)
FY2017 59.5% (0.06)
FY2016 59.6% 2.27

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 75.2% 13.57
Mar 2026 61.7% (2.94)
Dec 2025 64.6% (5.68)
Sep 2025 70.3% 2.31
42 more quarters

Against its own ten years

Low 54.6% High 65.8%
Ten-year median 59.5%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
ED Consolidated Edison Inc compare 74.7%
AEE Ameren Corporation compare 73.7%
ETR Entergy Corporation compare 70.8%
AEP American Electric Power Company, Inc. compare 67.7%
XEL Xcel Energy Inc. 67.6%
D Dominion Energy Inc. compare 66.8%
WEC WEC Energy Group, Inc. compare 65.7%
PEG Public Service Enterprise Group Incorporated compare 64.0%
EXC Exelon Corporation compare 63.5%
Utilities Regulated Electric industry median 66.3%
Utilities sector median 62.0%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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