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Friday 6 November 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.

Revenue
+6.56%
EPS
+71.5%
Free cash flow
+5.89%
Total debt
+21.7%

Quarter to September 2026, against a year earlier

80.30 0.20 −0.25%
Market cap
$51.6B
P/E
18.6×
Fwd P/E
19.5×
Dividend yield
2.92%
F-score
5/9
Altman Z
0.86
Beneish M
−2.50
Dividend safety
38/100
Overview Business Profile Earnings & Analysis
Financials
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Xcel Energy Inc. (XEL) Gross margin

Alert me on Gross margin

Xcel Energy Inc.'s gross margin over the twelve months to 30 September 2026 was 68.4%, up 2.5 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 above the Utilities Regulated Electric industry median of 62.0% and above the Utilities sector median of 58.0%.

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)
Sep 2026 73.0% (2.23)
Jun 2026 75.2% 13.57
Mar 2026 61.7% (2.94)
Dec 2025 64.6% (5.68)
43 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
AEE Ameren Corporation compare 73.7%
ETR Entergy Corporation compare 71.2%
AEP American Electric Power Company, Inc. compare 68.4%
XEL Xcel Energy Inc. 68.4%
D Dominion Energy Inc. compare 66.9%
WEC WEC Energy Group, Inc. compare 65.9%
EXC Exelon Corporation compare 63.5%
PEG Public Service Enterprise Group Incorporated compare 63.4%
ED Consolidated Edison Inc compare 0.00%
Utilities Regulated Electric industry median 62.0%
Utilities sector median 58.0%
Market median 45.1%

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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