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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) Operating margin

Alert me on Operating margin

Xcel Energy Inc.'s operating margin over the twelve months to 30 June 2026 was 19.1%, up 1.5 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 below the Utilities Regulated Electric industry median of 21.8% and in line with the Utilities sector median of 18.8%.

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)
Jun 2026 22.6% 3.89
Mar 2026 18.8% 2.46
Dec 2025 16.3% (2.84)
Sep 2025 19.1% 1.58
42 more quarters

Against its own ten years

Low 15.9% High 20.2%
Ten-year median 17.8%
Current reading's percentile 76

Operating margin against peers

Company Operating margin
AEE Ameren Corporation compare 24.9%
PEG Public Service Enterprise Group Incorporated compare 23.1%
AEP American Electric Power Company, Inc. compare 23.0%
ETR Entergy Corporation compare 22.9%
WEC WEC Energy Group, Inc. compare 22.8%
D Dominion Energy Inc. compare 21.1%
EXC Exelon Corporation compare 20.8%
XEL Xcel Energy Inc. 19.1%
ED Consolidated Edison Inc compare 18.0%
Utilities Regulated Electric industry median 21.8%
Utilities sector median 18.8%
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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