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

80.08 0.29 −0.36%
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

Xcel Energy Inc. (XEL) Operating margin

Alert me on Operating margin

Xcel Energy Inc.'s operating margin over the twelve months to 30 September 2026 was 21.7%, up 4.1 percentage points from fiscal 2025 (17.6%). Over the past ten years it has ranged from 15.9% (fiscal 2022) to 20.2% (fiscal 2016); the current reading is higher than 45% of that period. That is in line with the Utilities Regulated Electric industry median of 21.7% and above the Utilities sector median of 18.7%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 17.6% (0.14)
FY2024 17.8% 0.29
FY2023 17.5% 1.60
FY2022 15.9% (0.54)
FY2021 16.4% (1.96)
FY2020 18.4% 0.11
FY2019 18.3% 1.22
FY2018 17.0% (2.46)
FY2017 19.5% (0.68)
FY2016 20.2% 2.03

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 28.6% 5.91
Jun 2026 22.6% 3.89
Mar 2026 18.8% 2.46
Dec 2025 16.3% (2.84)
43 more quarters

Against its own ten years

Low 15.9% High 20.2%
Ten-year median 17.8%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
AEE Ameren Corporation compare 24.9%
ETR Entergy Corporation compare 24.6%
WEC WEC Energy Group, Inc. compare 23.5%
AEP American Electric Power Company, Inc. compare 23.4%
D Dominion Energy Inc. compare 22.5%
XEL Xcel Energy Inc. 21.7%
PEG Public Service Enterprise Group Incorporated compare 21.6%
EXC Exelon Corporation compare 19.9%
ED Consolidated Edison Inc compare 18.7%
Utilities Regulated Electric industry median 21.7%
Utilities sector median 18.7%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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