XELNasdaqElectric & Other Services CombinedFiscal year ends December 31Also trades as XELLL

XCEL ENERGY INC

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026

$75.14−1.17 (-1.53%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2011 to 2025

–

17.6%−0.7 pts over 5 years

13.8%+1.0 pts over 5 years

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	+9.1%	-1.4%	+4.9%	+2.9%
Operating income	+8.3%	+2.1%	+4.1%	+2.6%
Net income	+4.2%	+5.1%	+6.5%	+7.4%
EPS, diluted	-0.6%	+2.6%	+4.2%	+5.8%
Dividend per share	+4.1%	+5.3%	–	+5.9%

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	10.4%	10.6%	9.4%
Return on assets	2.8%	2.8%	2.7%
Current ratio	0.88	0.77	0.71
Debt to equity	1.35	1.42	1.44
Net debt to EBITDA	4.15×	5.04×	6.05×
Interest coverage	3.5×	2.5×	1.8×
Inventory turnover	6.1×	–	–
Capex to revenue	28.8%	46.6%	74.4%
Diluted shares	509M	528M	589M

Return on equity split into margin, efficiency and leverage

Net margin13.8%

Asset turnover0.19×

Equity multiplier3.51×

Return on equity, FY20259.4%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	13.8%	0.19×	3.51×	9.4%
FY2024	14.4%	0.20×	3.61×	10.4%
FY2023	12.5%	0.23×	3.65×	10.3%
FY2022	11.3%	0.26×	3.69×	10.8%
FY2021	11.9%	0.24×	3.70×	10.6%
FY2020	12.8%	0.22×	3.75×	10.6%
FY2019	11.9%	0.24×	3.79×	10.8%
FY2018	10.9%	0.26×	3.76×	10.7%
FY2017	10.1%	0.27×	3.75×	10.2%
FY2016	10.1%	0.28×	3.70×	10.4%

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is XEL.

Revenue growth4.7% · median 8.3%

Operating margin19.1% · median 22.8%

Net margin15.3% · median 13.3%

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