Xcel Energy (XEL) Financials

$70.89 +0.12 (+0.17%)

Closing price 04:00 PM Eastern

Extended Trading

$71.10 +0.21 (+0.30%)

As of 07:35 PM Eastern

Annual Income Statements for Xcel Energy

This table shows Xcel Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	984	1,123	1,148	1,261	1,372	1,473	1,597	1,736	1,771	1,936
Consolidated Net Income / (Loss)	984	1,123	1,148	1,261	1,372	1,473	1,597	1,736	1,771	1,936
Net Income / (Loss) Continuing Operations	984	1,123	1,148	1,261	1,372	1,473	1,597	1,736	1,771	1,936
Total Pre-Tax Income	1,527	1,704	1,690	1,442	1,500	1,467	1,527	1,601	1,625	1,534
Total Operating Income	2,000	2,240	2,223	1,965	2,104	2,116	2,203	2,428	2,481	2,386
Total Gross Profit	3,990	4,320	4,520	4,453	4,723	4,964	5,258	5,860	5,979	6,148
Total Revenue	11,024	11,107	11,404	11,537	11,529	11,526	13,431	15,310	14,206	13,441
Operating Revenue	10,948	11,107	11,404	11,537	11,529	11,526	13,431	15,310	14,206	13,441
Total Cost of Revenue	7,034	6,787	6,884	7,084	6,806	6,562	8,173	9,450	8,227	7,293
Operating Cost of Revenue	7,034	6,787	6,884	7,084	6,806	6,562	8,173	9,450	8,227	7,293
Total Operating Expenses	1,990	2,080	2,297	2,488	2,619	2,848	3,055	3,432	3,498	3,762
Depreciation Expense	1,124	1,303	1,479	1,642	1,765	1,948	2,121	2,413	2,448	2,744
Other Operating Expenses / (Income)	866	777	818	846	854	900	934	1,019	1,015	1,018
Other Special Charges / (Income)	-	-	-	-	-	-	0.00	0.00	35	0.00
Total Other Income / (Expense), net	-473	-536	-533	-523	-604	-649	-676	-827	-856	-852
Interest Expense	569	620	628	652	736	798	816	925	1,004	1,182
Interest & Investment Income	90	102	105	143	116	155	135	111	126	187
Other Income / (Expense), net	6.00	-18	-10	-14	16	-6.00	5.00	-13	22	143
Income Tax Expense	543	581	542	181	128	-6.00	-70	-135	-146	-402
Basic Earnings per Share	$1.94	$2.21	$2.26	$2.47	$2.64	$2.79	$2.96	$3.18	$3.21	$3.44
Weighted Average Basic Shares Outstanding	507.80M	509M	509M	511M	519M	527M	539M	547M	552M	563M
Diluted Earnings per Share	$1.94	$2.21	$2.25	$2.47	$2.64	$2.79	$2.96	$3.17	$3.21	$3.44
Weighted Average Diluted Shares Outstanding	508.20M	509M	509M	511M	520M	528M	540M	547M	552M	563M
Weighted Average Basic & Diluted Shares Outstanding	507.50M	508.10M	508M	510.50M	524.67M	537.65M	544.21M	549.85M	555.16M	574.55M
Cash Dividends to Common per Share	$1.28	$1.36	$1.44	$1.52	$1.62	$1.72	$1.72	$1.95	$2.08	$2.19

This table shows Xcel Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	649	379	418	288	656	409	488	302	682	464	483
Consolidated Net Income / (Loss)	649	379	418	288	656	409	488	302	682	464	483
Net Income / (Loss) Continuing Operations	649	379	418	288	656	409	488	302	682	464	483
Total Pre-Tax Income	693	324	365	200	696	364	461	214	692	167	422
Total Operating Income	924	525	573	418	915	575	679	449	911	347	677
Total Gross Profit	1,790	1,368	1,457	1,183	1,811	1,528	1,605	1,392	1,863	1,288	1,685
Total Revenue	4,082	4,053	4,080	3,022	3,662	3,442	3,649	3,028	3,644	3,120	3,906
Operating Revenue	4,082	4,053	4,080	3,022	3,662	3,442	3,649	3,028	3,644	3,120	3,906
Total Cost of Revenue	2,292	2,685	2,623	1,839	1,851	1,914	2,044	1,636	1,781	1,832	2,221
Operating Cost of Revenue	2,292	2,685	2,623	1,839	1,851	1,914	2,044	1,636	1,781	1,832	2,221
Total Operating Expenses	866	843	884	765	896	953	926	943	952	941	1,008
Depreciation Expense	607	606	624	565	618	641	658	703	681	702	728
Other Operating Expenses / (Income)	259	237	260	200	244	311	268	240	271	239	280
Total Other Income / (Expense), net	-231	-201	-208	-218	-219	-211	-218	-235	-219	-180	-255
Interest Expense	237	239	243	256	255	250	277	303	305	297	309
Interest & Investment Income	21	31	30	27	33	36	45	46	47	49	47
Other Income / (Expense), net	-15	7.00	5.00	11	3.00	3.00	14	22	39	68	7.00
Income Tax Expense	44	-55	-53	-88	40	-45	-27	-88	10	-297	-61
Basic Earnings per Share	$1.19	$0.69	$0.76	$0.52	$1.19	$0.74	$0.88	$0.54	$1.21	$0.81	$0.84
Weighted Average Basic Shares Outstanding	548M	547M	551M	551M	552M	552M	556M	557M	564M	563M	575M
Diluted Earnings per Share	$1.18	$0.69	$0.76	$0.52	$1.19	$0.74	$0.88	$0.54	$1.21	$0.81	$0.84
Weighted Average Diluted Shares Outstanding	548M	547M	551M	552M	552M	552M	556M	557M	565M	563M	577M
Weighted Average Basic & Diluted Shares Outstanding	547.25M	549.85M	550.36M	551.53M	551.82M	555.16M	555.64M	557.50M	574.24M	574.55M	576.76M
Cash Dividends to Common per Share	-	-	-	-	$0.52	-	-	-	$0.55	-	$0.57

This table details how cash moves in and out of Xcel Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	5.00	0.00	-2.00	64	101	-119	37	-55	18	50
Net Cash From Operating Activities	3,038	3,052	3,126	3,122	3,263	2,848	2,189	3,932	5,327	4,641
Net Cash From Continuing Operating Activities	3,038	3,052	3,126	3,122	3,263	2,848	2,189	3,932	5,327	4,641
Net Income / (Loss) Continuing Operations	984	1,123	1,148	1,261	1,372	1,473	1,597	1,736	1,771	1,936
Consolidated Net Income / (Loss)	984	1,123	1,148	1,261	1,372	1,473	1,597	1,736	1,771	1,936
Depreciation Expense	1,143	1,319	1,495	1,659	1,785	1,959	2,143	2,436	2,471	2,769
Amortization Expense	106	117	114	122	119	123	114	118	96	106
Non-Cash Adjustments To Reconcile Net Income	182	32	34	12	254	9.00	-2.00	-224	13	-73
Changes in Operating Assets and Liabilities, net	623	461	335	68	-267	-716	-1,663	-134	976	-97
Net Cash From Investing Activities	-3,623	-3,261	-3,296	-3,986	-4,343	-4,740	-4,287	-4,653	-5,926	-7,428
Net Cash From Continuing Investing Activities	-3,679	-3,261	-3,296	-3,986	-4,343	-4,740	-4,287	-4,653	-5,926	-7,428
Purchase of Property, Plant & Equipment	-3,683	-3,195	-3,244	-3,957	-4,225	-5,369	-4,244	-4,638	-5,854	-7,364
Purchase of Investments	-1,258	-547	-1,697	-853	-995	-1,398	-757	-1,332	-994	-998
Divestitures	-	-	-	0.00	0.00	684	0.00	0.00	0.00	0.00
Sale and/or Maturity of Investments	1,237	479	1,669	833	975	1,378	743	1,297	959	961
Other Investing Activities, net	27	2.00	-24	-9.00	-98	-35	-29	20	-37	-27
Net Cash From Financing Activities	590	209	168	928	1,181	1,773	2,135	666	617	2,837
Net Cash From Continuing Financing Activities	590	209	168	928	1,181	1,773	2,135	666	617	2,837
Repayment of Debt	-262	-1,502	-1,051	-472	-963	-1,027	-6.00	-616	-1,191	-752
Payment of Dividends	-607	-681	-721	-730	-791	-856	-935	-1,012	-1,092	-1,175
Issuance of Debt	1,452	2,424	1,940	1,900	2,477	2,929	2,710	1,972	2,630	3,647
Issuance of Common Equity	7.00	0.00	0.00	230	458	727	366	322	270	1,117
Cash Interest Paid	543	592	616	633	698	758	788	887	945	1,131
Cash Income Taxes Paid	-58	-62	-44	-27	-53	-12	4.00	15	-92	-588

This table details how cash moves in and out of Xcel Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-218	-6.00	3.00	161	319	-465	372	1,097	-53	-1,366	944
Net Cash From Operating Activities	1,179	765	1,537	918	1,898	974	1,050	1,190	1,737	664	1,028
Net Cash From Continuing Operating Activities	1,179	765	1,537	918	1,898	974	1,050	1,190	1,737	664	1,028
Net Income / (Loss) Continuing Operations	649	379	418	288	656	409	488	302	682	464	483
Consolidated Net Income / (Loss)	649	379	418	288	656	409	488	302	682	464	483
Depreciation Expense	611	615	631	571	622	647	664	706	685	714	734
Amortization Expense	30	27	29	24	31	12	20	33	32	21	29
Non-Cash Adjustments To Reconcile Net Income	-11	-218	11	-2.00	377	-373	-13	276	-301	-35	-11
Changes in Operating Assets and Liabilities, net	-100	-38	448	37	212	279	-109	-127	639	-500	-207
Net Cash From Investing Activities	-1,266	-1,332	-1,284	-1,355	-1,653	-1,634	-1,556	-1,847	-1,794	-2,231	-1,991
Net Cash From Continuing Investing Activities	-1,266	-1,332	-1,284	-1,355	-1,653	-1,634	-1,556	-1,847	-1,794	-2,231	-1,991
Purchase of Property, Plant & Equipment	-1,285	-1,313	-1,265	-1,334	-1,641	-1,614	-1,537	-1,831	-1,779	-2,217	-1,988
Purchase of Investments	-268	-277	-236	-180	-288	-290	-189	-280	-224	-305	-241
Sale and/or Maturity of Investments	260	268	228	171	279	281	179	271	216	295	240
Other Investing Activities, net	27	-10	-11	-12	-3.00	-11	-9.00	-7.00	-7.00	-4.00	-2.00
Net Cash From Financing Activities	-131	561	-250	598	74	195	878	1,754	4.00	201	1,907
Net Cash From Continuing Financing Activities	-131	561	-250	598	74	195	878	1,754	4.00	201	1,907
Repayment of Debt	870	-2.00	3.00	-935	-546	287	-328	-210	-707	493	14
Payment of Dividends	-257	-258	-259	-277	-278	-278	-280	-295	-296	-304	-306
Issuance of Debt	-749	655	0.00	1,741	890	-1.00	1,478	2,166	-1.00	4.00	2,077
Issuance of Common Equity	5.00	166	6.00	69	8.00	187	8.00	93	1,008	8.00	122
Cash Interest Paid	203	259	209	252	191	293	230	287	276	338	252
Cash Income Taxes Paid	-7.00	31	-1.00	-48	-19	-24	131	220	133	-1,072	64

This table presents Xcel Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	38,821	41,155	43,030	45,987	50,448	53,957	57,851	61,188	64,079	70,035
Total Current Assets	2,770	2,842	2,973	3,094	3,113	3,275	4,239	5,144	4,069	4,325
Cash & Equivalents	85	85	83	147	0.00	129	166	111	129	179
Short-Term Investments	34	38	44	87	55	49	123	279	104	114
Accounts Receivable	1,379	1,506	1,561	1,615	1,550	1,630	1,880	2,478	2,168	2,081
Inventories, net	609	604	610	548	544	535	631	803	711	666
Prepaid Expenses	156	138	183	154	185	250	289	360	294	652
Current Deferred & Refundable Income Taxes	163	107	68	79	43	42	44	54	52	72
Other Current Assets	345	364	424	464	488	640	1,106	1,059	611	561
Plant, Property, & Equipment, net	31,206	32,842	34,329	36,944	39,483	42,950	45,457	48,253	51,642	57,198
Total Noncurrent Assets	4,845	5,471	5,728	5,949	7,852	7,732	8,155	7,791	8,368	8,512
Long-Term Investments	1,903	2,092	2,397	2,317	2,731	3,096	3,628	3,234	3,599	3,896
Other Noncurrent Operating Assets	2,942	3,379	3,331	3,632	5,121	4,636	4,527	4,557	4,769	4,616
Total Liabilities & Shareholders' Equity	38,821	41,155	43,030	45,987	50,448	53,957	57,851	61,188	64,079	70,035
Total Liabilities	28,221	30,134	31,575	33,765	37,209	39,382	42,239	44,513	46,463	50,513
Total Current Liabilities	4,058	3,247	4,088	4,460	4,568	4,239	5,046	6,078	5,652	6,459
Short-Term Debt	1,503	647	1,271	1,444	1,297	1,005	1,606	1,964	1,337	1,798
Accounts Payable	961	1,045	1,243	1,237	1,294	1,237	1,409	1,804	1,668	1,781
Dividends Payable	162	172	183	195	212	231	249	268	289	314
Current Deferred & Payable Income Tax Liabilities	438	457	448	450	466	578	569	569	557	535
Other Current Liabilities	827	753	769	960	1,107	985	1,004	1,256	1,550	1,751
Other Current Nonoperating Liabilities	167	173	174	174	192	203	209	217	251	280
Total Noncurrent Liabilities	24,162	26,887	27,487	29,305	32,641	35,143	37,193	38,435	40,811	44,054
Long-Term Debt	12,399	14,195	14,520	15,803	17,407	19,645	21,779	22,813	24,913	27,316
Capital Lease Obligations	-	-	-	0.00	1,549	1,344	1,146	1,038	1,038	867
Asset Retirement Reserve & Litigation Obligation	3,941	4,165	7,558	7,755	7,778	8,186	8,556	8,949	9,045	9,723
Noncurrent Deferred Revenue	229	195	193	199	203	197	196	181	167	146
Noncurrent Deferred & Payable Income Tax Liabilities	6,222	6,847	3,903	4,219	4,558	4,791	4,947	4,804	4,945	5,359
Noncurrent Employee Benefit Liabilities	941	1,112	1,042	994	785	666	306	390	469	477
Other Noncurrent Operating Liabilities	430	373	271	335	361	314	263	260	234	166
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	10,601	11,021	11,455	12,222	13,239	14,575	15,612	16,675	17,616	19,522
Total Preferred & Common Equity	10,601	11,021	11,455	12,222	13,239	14,575	15,612	16,675	17,616	19,522
Total Common Equity	10,601	11,021	11,455	12,222	13,239	14,575	15,612	16,675	17,616	19,522
Common Stock	7,158	7,149	7,167	7,453	7,967	8,748	9,163	9,529	9,852	11,037
Retained Earnings	3,553	3,982	4,413	4,893	5,413	5,968	6,572	7,239	7,858	8,553
Accumulated Other Comprehensive Income / (Loss)	-110	-110	-125	-124	-141	-141	-123	-93	-94	-68

This table presents Xcel Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	59,975	61,188	60,945	61,658	62,870	64,079	65,585	67,927	69,286	70,035	72,749
Total Current Assets	5,090	5,144	4,253	4,201	4,402	4,069	4,489	5,699	5,469	4,325	5,368
Cash & Equivalents	117	111	114	275	594	129	501	1,598	1,545	179	1,123
Short-Term Investments	456	279	97	233	146	104	86	234	179	114	113
Accounts Receivable	1,989	2,478	2,077	1,852	1,951	2,168	1,999	1,985	1,977	2,081	2,056
Inventories, net	870	803	580	625	688	711	623	622	638	666	625
Prepaid Expenses	329	360	359	322	257	294	548	541	504	652	749
Current Deferred & Refundable Income Taxes	54	54	43	66	71	52	85	89	64	72	75
Other Current Assets	1,275	1,059	983	828	695	611	647	630	562	561	627
Plant, Property, & Equipment, net	47,287	48,253	48,896	49,664	50,613	51,642	52,765	53,890	55,321	57,198	58,807
Total Noncurrent Assets	7,598	7,791	7,796	7,793	7,855	8,368	8,331	8,338	8,496	8,512	8,574
Long-Term Investments	3,083	3,234	3,373	3,456	3,393	3,599	3,746	3,791	3,947	3,896	3,888
Other Noncurrent Operating Assets	4,515	4,557	4,423	4,337	4,462	4,769	4,585	4,547	4,549	4,616	4,686
Total Liabilities & Shareholders' Equity	59,975	61,188	60,945	61,658	62,870	64,079	65,585	67,927	69,286	70,035	72,749
Total Liabilities	43,591	44,513	44,127	44,744	45,561	46,463	47,744	49,973	49,934	50,513	52,945
Total Current Liabilities	4,903	6,078	5,661	5,231	5,073	5,652	5,210	5,900	5,858	6,459	6,741
Short-Term Debt	809	1,964	1,980	1,595	1,051	1,337	1,015	1,656	1,199	1,798	1,822
Accounts Payable	1,586	1,804	1,338	1,307	1,445	1,668	1,461	1,546	1,713	1,781	1,942
Dividends Payable	267	268	286	287	287	289	304	305	312	314	328
Current Deferred & Payable Income Tax Liabilities	545	569	682	407	541	557	638	360	488	535	631
Other Current Liabilities	1,452	1,256	1,133	1,402	1,461	1,550	1,501	1,734	1,817	1,751	1,688
Other Current Nonoperating Liabilities	244	217	242	233	288	251	291	299	329	280	330
Total Noncurrent Liabilities	38,688	38,435	38,466	39,513	40,488	40,811	42,534	44,073	44,076	44,054	46,204
Long-Term Debt	23,309	22,813	22,818	24,015	24,910	24,913	26,396	27,716	27,471	27,316	29,396
Capital Lease Obligations	997	1,038	1,020	966	930	1,038	980	961	908	867	889
Asset Retirement Reserve & Litigation Obligation	8,863	8,949	9,063	9,047	9,141	9,045	9,245	9,349	9,487	9,723	9,856
Noncurrent Deferred Revenue	187	181	180	174	173	167	159	154	154	146	139
Noncurrent Deferred & Payable Income Tax Liabilities	4,812	4,804	4,776	4,703	4,747	4,945	5,166	5,336	5,521	5,359	5,368
Noncurrent Employee Benefit Liabilities	255	390	345	353	355	469	364	371	374	477	352
Other Noncurrent Operating Liabilities	265	260	264	255	232	234	224	186	161	166	204
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	16,384	16,675	16,818	16,914	17,309	17,616	17,841	17,954	19,352	19,522	19,804
Total Preferred & Common Equity	16,384	16,675	16,818	16,914	17,309	17,616	17,841	17,954	19,352	19,522	19,804
Total Common Equity	16,384	16,675	16,818	16,914	17,309	17,616	17,841	17,954	19,352	19,522	19,804
Common Stock	9,347	9,529	9,545	9,625	9,648	9,852	9,870	9,982	11,012	11,037	11,170
Retained Earnings	7,128	7,239	7,370	7,371	7,739	7,858	8,042	8,039	8,406	8,553	8,706
Accumulated Other Comprehensive Income / (Loss)	-91	-93	-97	-82	-78	-94	-71	-67	-66	-68	-72

This table displays calculated financial ratios and metrics derived from Xcel Energy's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.67%	0.75%	2.67%	1.17%	-0.07%	-0.03%	16.53%	13.99%	-7.21%	-5.39%
EBITDA Growth	4.85%	12.38%	4.48%	-2.35%	7.82%	4.18%	6.51%	11.29%	2.03%	6.59%
EBIT Growth	2.69%	10.77%	-0.41%	-11.84%	8.66%	-0.47%	4.64%	9.38%	3.64%	1.04%
NOPAT Growth	0.09%	14.54%	2.29%	13.79%	11.99%	10.40%	8.44%	14.27%	2.70%	11.37%
Net Income Growth	-3.65%	14.13%	2.23%	9.84%	8.80%	7.36%	8.42%	8.70%	2.02%	9.32%
EPS Growth	-4.43%	13.92%	1.81%	9.78%	6.88%	5.68%	6.09%	7.09%	1.26%	7.17%
Operating Cash Flow Growth	14.23%	0.46%	2.42%	-0.13%	4.52%	-12.72%	-23.14%	79.63%	35.48%	-12.88%
Free Cash Flow Firm Growth	-40.09%	234.74%	44.47%	-215.47%	-237.09%	55.02%	12.30%	94.74%	1,392.58%	-390.07%
Invested Capital Growth	7.07%	5.19%	4.53%	8.80%	13.10%	9.29%	8.76%	7.27%	5.75%	10.32%
Revenue Q/Q Growth	-2.51%	1.36%	0.01%	0.73%	-0.71%	1.31%	3.13%	4.78%	-4.12%	-2.34%
EBITDA Q/Q Growth	2.69%	1.81%	0.32%	-0.90%	3.23%	0.46%	1.20%	3.48%	1.26%	-1.58%
EBIT Q/Q Growth	2.50%	1.20%	-1.43%	-4.97%	5.95%	-1.26%	0.36%	4.27%	1.87%	-6.06%
NOPAT Q/Q Growth	1.44%	2.98%	-3.68%	3.56%	5.22%	1.37%	1.78%	3.74%	1.26%	6.01%
Net Income Q/Q Growth	1.26%	1.68%	-3.13%	1.94%	6.03%	-0.27%	1.72%	3.83%	1.72%	2.92%
EPS Q/Q Growth	1.04%	1.84%	-3.85%	2.49%	5.60%	-0.36%	1.02%	3.59%	1.58%	2.08%
Operating Cash Flow Q/Q Growth	-3.40%	2.64%	4.42%	-4.00%	2.42%	-1.11%	-2.84%	4.10%	4.08%	-6.26%
Free Cash Flow Firm Q/Q Growth	-175.82%	359.26%	42.77%	-2,228.10%	21.89%	-173.43%	41.78%	97.02%	15.86%	-207.73%
Invested Capital Q/Q Growth	4.62%	2.76%	1.87%	3.93%	2.20%	7.82%	5.82%	2.60%	2.39%	4.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.19%	38.89%	39.64%	38.60%	40.97%	43.07%	39.15%	38.28%	42.09%	45.74%
EBITDA Margin	29.53%	32.93%	33.51%	32.35%	34.90%	36.37%	33.24%	32.46%	35.69%	40.21%
Operating Margin	18.14%	20.17%	19.49%	17.03%	18.25%	18.36%	16.40%	15.86%	17.46%	17.75%
EBIT Margin	18.20%	20.01%	19.41%	16.91%	18.39%	18.31%	16.44%	15.77%	17.62%	18.82%
Profit (Net Income) Margin	8.93%	10.11%	10.07%	10.93%	11.90%	12.78%	11.89%	11.34%	12.47%	14.40%
Tax Burden Percent	64.44%	65.90%	67.93%	87.45%	91.47%	100.41%	104.58%	108.43%	108.98%	126.21%
Interest Burden Percent	76.12%	76.69%	76.37%	73.91%	70.75%	69.53%	69.16%	66.29%	64.92%	60.66%
Effective Tax Rate	35.56%	34.10%	32.07%	12.55%	8.53%	-0.41%	-4.58%	-8.43%	-8.98%	-26.21%
Return on Invested Capital (ROIC)	5.84%	6.31%	6.15%	6.56%	6.62%	6.58%	6.54%	6.93%	6.68%	6.88%
ROIC Less NNEP Spread (ROIC-NNEP)	3.23%	3.50%	3.43%	3.37%	3.24%	3.04%	3.03%	2.83%	2.68%	2.61%
Return on Net Nonoperating Assets (RNNOA)	3.61%	4.08%	4.06%	4.09%	4.16%	4.01%	4.04%	3.83%	3.65%	3.54%
Return on Equity (ROE)	9.45%	10.39%	10.22%	10.65%	10.78%	10.59%	10.58%	10.75%	10.33%	10.43%
Cash Return on Invested Capital (CROIC)	-0.99%	1.25%	1.73%	-1.87%	-5.68%	-2.30%	-1.85%	-0.09%	1.09%	-2.94%
Operating Return on Assets (OROA)	5.29%	5.56%	5.26%	4.38%	4.40%	4.04%	3.95%	4.06%	4.00%	3.77%
Return on Assets (ROA)	2.60%	2.81%	2.73%	2.83%	2.85%	2.82%	2.86%	2.92%	2.83%	2.89%
Return on Common Equity (ROCE)	9.45%	10.39%	10.22%	10.65%	10.78%	10.59%	10.58%	10.75%	10.33%	10.43%
Return on Equity Simple (ROE_SIMPLE)	9.28%	10.19%	10.02%	10.32%	10.36%	10.11%	10.23%	10.41%	10.05%	9.92%
Net Operating Profit after Tax (NOPAT)	1,289	1,476	1,510	1,718	1,924	2,125	2,304	2,633	2,704	3,011
NOPAT Margin	11.69%	13.29%	13.24%	14.89%	16.69%	18.43%	17.15%	17.20%	19.03%	22.40%
Net Nonoperating Expense Percent (NNEP)	2.62%	2.81%	2.72%	3.19%	3.38%	3.54%	3.52%	4.10%	4.00%	4.27%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.20%	6.02%	6.08%
Cost of Revenue to Revenue	63.81%	61.11%	60.36%	61.40%	59.03%	56.93%	60.85%	61.72%	57.91%	54.26%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.05%	18.73%	20.14%	21.57%	22.72%	24.71%	22.75%	22.42%	24.62%	27.99%
Earnings before Interest and Taxes (EBIT)	2,006	2,222	2,213	1,951	2,120	2,110	2,208	2,415	2,503	2,529
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,255	3,658	3,822	3,732	4,024	4,192	4,465	4,969	5,070	5,404
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.33	1.50	1.75	1.76	2.20	2.15	2.15	2.14	1.87	1.97
Price to Tangible Book Value (P/TBV)	1.33	1.50	1.75	1.76	2.20	2.15	2.15	2.14	1.87	1.97
Price to Revenue (P/Rev)	1.28	1.48	1.76	1.87	2.52	2.72	2.50	2.33	2.32	2.86
Price to Earnings (P/E)	14.29	14.68	17.50	17.07	21.19	21.31	21.04	20.58	18.58	19.86
Dividend Yield	4.62%	4.19%	3.64%	3.63%	2.92%	2.88%	2.93%	2.99%	3.49%	3.23%
Earnings Yield	7.00%	6.81%	5.72%	5.86%	4.72%	4.69%	4.75%	4.86%	5.38%	5.03%
Enterprise Value to Invested Capital (EV/IC)	1.14	1.21	1.33	1.33	1.51	1.49	1.48	1.47	1.35	1.40
Enterprise Value to Revenue (EV/Rev)	2.35	2.62	2.92	3.14	4.04	4.35	4.04	3.78	3.97	4.78
Enterprise Value to EBITDA (EV/EBITDA)	7.97	7.96	8.73	9.70	11.57	11.95	12.14	11.66	11.12	11.89
Enterprise Value to EBIT (EV/EBIT)	12.93	13.10	15.07	18.56	21.95	23.75	24.55	23.98	22.52	25.40
Enterprise Value to NOPAT (EV/NOPAT)	20.13	19.72	22.09	21.08	24.18	23.59	23.53	22.00	20.84	21.34
Enterprise Value to Operating Cash Flow (EV/OCF)	8.54	9.54	10.67	11.60	14.26	17.60	24.77	14.73	10.58	13.84
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	99.17	78.65	0.00	0.00	0.00	0.00	0.00	127.24	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.31	1.35	1.38	1.41	1.53	1.51	1.57	1.55	1.55	1.54
Long-Term Debt to Equity	1.17	1.29	1.27	1.29	1.43	1.44	1.47	1.43	1.47	1.44
Financial Leverage	1.12	1.16	1.18	1.21	1.28	1.32	1.33	1.36	1.36	1.36
Leverage Ratio	3.64	3.70	3.75	3.76	3.79	3.75	3.70	3.69	3.65	3.61
Compound Leverage Factor	2.77	2.84	2.86	2.78	2.68	2.61	2.56	2.44	2.37	2.19
Debt to Total Capital	56.74%	57.39%	57.96%	58.53%	60.47%	60.14%	61.11%	60.76%	60.77%	60.56%
Short-Term Debt to Total Capital	6.13%	2.50%	4.66%	4.90%	3.87%	2.75%	4.00%	4.62%	2.98%	3.63%
Long-Term Debt to Total Capital	50.60%	54.89%	53.29%	53.63%	56.60%	57.40%	57.11%	56.13%	57.79%	56.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.26%	42.61%	42.04%	41.47%	39.53%	39.86%	38.89%	39.24%	39.23%	39.44%
Debt to EBITDA	4.27	4.06	4.13	4.62	5.03	5.25	5.49	5.20	5.38	5.55
Net Debt to EBITDA	3.65	3.45	3.47	3.94	4.34	4.47	4.62	4.47	4.63	4.77
Long-Term Debt to EBITDA	3.81	3.88	3.80	4.23	4.71	5.01	5.13	4.80	5.12	5.22
Debt to NOPAT	10.79	10.05	10.46	10.04	10.52	10.35	10.65	9.81	10.09	9.96
Net Debt to NOPAT	9.22	8.55	8.79	8.55	9.08	8.81	8.95	8.43	8.67	8.57
Long-Term Debt to NOPAT	9.62	9.62	9.62	9.20	9.85	9.88	9.95	9.06	9.60	9.36
Altman Z-Score	0.84	0.90	0.93	0.89	0.95	0.95	0.98	1.01	0.92	0.90
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.68	0.88	0.73	0.69	0.68	0.77	0.84	0.85	0.72	0.67
Quick Ratio	0.37	0.50	0.41	0.41	0.35	0.43	0.43	0.47	0.42	0.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-218	294	424	-490	-1,651	-742	-651	-34	443	-1,285
Operating Cash Flow to CapEx	82.49%	95.52%	96.36%	78.90%	77.23%	53.05%	51.58%	84.78%	91.00%	63.02%
Free Cash Flow to Firm to Interest Expense	-0.38	0.47	0.68	-0.75	-2.24	-0.93	-0.80	-0.04	0.44	-1.09
Operating Cash Flow to Interest Expense	5.34	4.92	4.98	4.79	4.43	3.57	2.68	4.25	5.31	3.93
Operating Cash Flow Less CapEx to Interest Expense	-1.13	-0.23	-0.19	-1.28	-1.31	-3.16	-2.52	-0.76	-0.52	-2.30
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.28	0.27	0.26	0.24	0.22	0.24	0.26	0.23	0.20
Accounts Receivable Turnover	7.51	7.70	7.44	7.27	7.29	7.25	7.65	7.03	6.12	6.33
Inventory Turnover	11.67	11.19	11.34	12.23	12.47	12.16	14.02	13.18	10.87	10.59
Fixed Asset Turnover	0.37	0.35	0.34	0.32	0.30	0.28	0.30	0.33	0.28	0.25
Accounts Payable Turnover	6.59	6.77	6.02	5.71	5.38	5.19	6.18	5.88	4.74	4.23
Days Sales Outstanding (DSO)	48.58	47.41	49.08	50.24	50.10	50.35	47.69	51.95	59.69	57.69
Days Inventory Outstanding (DIO)	31.28	32.61	32.18	29.83	29.28	30.01	26.04	27.69	33.59	34.46
Days Payable Outstanding (DPO)	55.37	53.94	60.66	63.89	67.87	70.39	59.08	62.05	77.02	86.31
Cash Conversion Cycle (CCC)	24.50	26.08	20.61	16.18	11.51	9.97	14.65	17.59	16.25	5.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	22,810	23,993	25,079	27,287	30,862	33,729	36,684	39,351	41,612	45,908
Invested Capital Turnover	0.50	0.47	0.46	0.44	0.40	0.36	0.38	0.40	0.35	0.31
Increase / (Decrease) in Invested Capital	1,507	1,183	1,086	2,208	3,575	2,867	2,955	2,667	2,261	4,296
Enterprise Value (EV)	25,938	29,109	33,353	36,217	46,540	50,115	54,214	57,918	56,356	64,247
Market Capitalization	14,058	16,482	20,086	21,521	29,073	31,395	33,600	35,727	32,900	38,455
Book Value per Share	$20.89	$21.70	$22.56	$23.79	$25.25	$27.74	$28.98	$30.47	$31.92	$34.00
Tangible Book Value per Share	$20.89	$21.70	$22.56	$23.79	$25.25	$27.74	$28.98	$30.47	$31.92	$34.00
Total Capital	24,503	25,863	27,246	29,469	33,492	36,569	40,143	42,490	44,904	49,503
Total Debt	13,902	14,842	15,791	17,247	20,253	21,994	24,531	25,815	27,288	29,981
Total Long-Term Debt	12,399	14,195	14,520	15,803	18,956	20,989	22,925	23,851	25,951	28,183
Net Debt	11,880	12,627	13,267	14,696	17,467	18,720	20,614	22,191	23,456	25,792
Capital Expenditures (CapEx)	3,683	3,195	3,244	3,957	4,225	5,369	4,244	4,638	5,854	7,364
Debt-free, Cash-free Net Working Capital (DFCFNWC)	96	119	29	-156	-213	-137	510	640	-479	-629
Debt-free Net Working Capital (DFNWC)	215	242	156	78	-158	41	799	1,030	-246	-336
Net Working Capital (NWC)	-1,288	-405	-1,115	-1,366	-1,455	-964	-807	-934	-1,583	-2,134
Net Nonoperating Expense (NNE)	305	353	362	457	552	652	707	897	933	1,075
Net Nonoperating Obligations (NNO)	12,209	12,972	13,624	15,065	17,623	19,154	21,072	22,676	23,996	26,386
Total Depreciation and Amortization (D&A)	1,249	1,436	1,609	1,781	1,904	2,082	2,257	2,554	2,567	2,875
Debt-free, Cash-free Net Working Capital to Revenue	0.87%	1.07%	0.25%	-1.35%	-1.85%	-1.19%	3.80%	4.18%	-3.37%	-4.68%
Debt-free Net Working Capital to Revenue	1.95%	2.18%	1.37%	0.68%	-1.37%	0.36%	5.95%	6.73%	-1.73%	-2.50%
Net Working Capital to Revenue	-11.68%	-3.65%	-9.78%	-11.84%	-12.62%	-8.36%	-6.01%	-6.10%	-11.14%	-15.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.94	$2.21	$2.26	$2.47	$2.64	$2.79	$2.96	$3.18	$3.21	$3.44
Adjusted Weighted Average Basic Shares Outstanding	507.77M	508.79M	509M	511M	519M	527M	539M	547M	552M	563M
Adjusted Diluted Earnings per Share	$1.94	$2.21	$2.25	$2.47	$2.64	$2.79	$2.96	$3.17	$3.21	$3.44
Adjusted Weighted Average Diluted Shares Outstanding	508.17M	509.47M	509.10M	511M	520M	528M	540M	547M	552M	563M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	507.55M	507.22M	508.06M	514.21M	524.67M	537.65M	544.21M	549.85M	555.16M	574.55M
Normalized Net Operating Profit after Tax (NOPAT)	1,289	1,476	1,510	1,718	1,924	1,481	1,542	1,700	1,761	1,670
Normalized NOPAT Margin	11.69%	13.29%	13.24%	14.89%	16.69%	12.85%	11.48%	11.10%	12.40%	12.43%
Pre Tax Income Margin	13.85%	15.34%	14.82%	12.50%	13.01%	12.73%	11.37%	10.46%	11.44%	11.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.53	3.58	3.52	2.99	2.88	2.64	2.71	2.61	2.49	2.14
NOPAT to Interest Expense	2.27	2.38	2.40	2.64	2.61	2.66	2.82	2.85	2.69	2.55
EBIT Less CapEx to Interest Expense	-2.95	-1.57	-1.64	-3.08	-2.86	-4.08	-2.50	-2.40	-3.34	-4.09
NOPAT Less CapEx to Interest Expense	-4.21	-2.77	-2.76	-3.43	-3.13	-4.07	-2.38	-2.17	-3.14	-3.68
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	61.69%	60.64%	62.80%	57.89%	57.65%	58.11%	58.55%	58.29%	61.66%	60.69%
Augmented Payout Ratio	61.69%	63.49%	62.80%	57.89%	57.65%	58.11%	58.55%	58.29%	61.66%	60.69%

This table displays calculated financial ratios and metrics derived from Xcel Energy's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.74%	20.80%	8.77%	-11.74%	-10.29%	-15.08%	-10.56%	0.20%	-0.49%	-9.36%	7.04%
EBITDA Growth	10.24%	16.58%	11.73%	-9.94%	1.35%	5.37%	11.23%	18.16%	6.11%	-7.03%	5.08%
EBIT Growth	10.58%	22.86%	13.11%	-7.34%	0.99%	8.65%	19.90%	9.79%	3.49%	-28.20%	-1.30%
NOPAT Growth	12.29%	17.97%	11.74%	-0.61%	-0.34%	5.21%	9.53%	5.27%	4.11%	49.22%	7.80%
Net Income Growth	6.57%	20.32%	10.00%	-12.20%	1.08%	7.92%	16.75%	4.86%	3.96%	13.45%	-1.02%
EPS Growth	4.42%	18.97%	8.57%	-13.33%	0.85%	7.25%	15.79%	3.85%	1.68%	9.46%	-4.55%
Operating Cash Flow Growth	8.17%	25.41%	34.82%	8.25%	60.98%	27.32%	-31.69%	29.63%	-8.48%	-31.83%	-2.10%
Free Cash Flow Firm Growth	-8.13%	15.67%	22.59%	13.97%	49.51%	21.33%	-12.59%	-26.44%	-65.56%	-106.32%	-90.24%
Invested Capital Growth	10.64%	7.27%	7.05%	7.08%	5.97%	5.75%	7.36%	8.05%	8.02%	10.32%	11.65%
Revenue Q/Q Growth	19.22%	-0.71%	0.67%	-25.93%	21.18%	-6.01%	6.01%	-17.02%	20.34%	-14.38%	25.19%
EBITDA Q/Q Growth	36.32%	-24.26%	5.45%	-17.29%	53.42%	-21.26%	11.32%	-12.13%	37.77%	-31.01%	25.83%
EBIT Q/Q Growth	96.33%	-41.47%	8.65%	-25.78%	113.99%	-37.04%	19.90%	-32.03%	101.70%	-56.32%	64.82%
NOPAT Q/Q Growth	42.88%	-29.03%	6.85%	-8.27%	43.28%	-25.08%	11.25%	-11.84%	41.70%	7.38%	-19.63%
Net Income Q/Q Growth	97.87%	-41.60%	10.29%	-31.10%	127.78%	-37.65%	19.32%	-38.11%	125.83%	-31.96%	4.09%
EPS Q/Q Growth	96.67%	-41.53%	10.14%	-31.58%	128.85%	-37.82%	18.92%	-38.64%	124.07%	-33.06%	3.70%
Operating Cash Flow Q/Q Growth	39.03%	-35.11%	100.92%	-40.27%	106.75%	-48.68%	7.80%	13.33%	45.97%	-61.77%	54.82%
Free Cash Flow Firm Q/Q Growth	-18.67%	27.30%	5.02%	-4.99%	30.36%	-13.28%	-35.93%	-17.91%	8.82%	-41.17%	-25.34%
Invested Capital Q/Q Growth	2.56%	2.60%	0.58%	1.18%	1.49%	2.39%	2.12%	1.82%	1.46%	4.57%	3.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.85%	33.75%	35.71%	39.15%	49.45%	44.39%	43.98%	45.97%	51.13%	41.28%	43.14%
EBITDA Margin	37.97%	28.97%	30.34%	33.88%	42.90%	35.94%	37.74%	39.96%	45.75%	36.86%	37.05%
Operating Margin	22.64%	12.95%	14.04%	13.83%	24.99%	16.71%	18.61%	14.83%	25.00%	11.12%	17.33%
EBIT Margin	22.27%	13.13%	14.17%	14.20%	25.07%	16.79%	18.99%	15.55%	26.07%	13.30%	17.51%
Profit (Net Income) Margin	15.90%	9.35%	10.25%	9.53%	17.91%	11.88%	13.37%	9.97%	18.72%	14.87%	12.37%
Tax Burden Percent	93.65%	116.98%	114.52%	144.00%	94.25%	112.36%	105.86%	141.12%	98.55%	277.84%	114.46%
Interest Burden Percent	76.24%	60.90%	63.15%	46.62%	75.82%	62.98%	66.52%	45.44%	72.84%	40.24%	61.70%
Effective Tax Rate	6.35%	-16.98%	-14.52%	-44.00%	5.75%	-12.36%	-5.86%	-41.12%	1.45%	-177.84%	-14.46%
Return on Invested Capital (ROIC)	8.48%	6.10%	6.57%	7.84%	8.83%	6.59%	6.61%	6.92%	8.02%	9.49%	6.04%
ROIC Less NNEP Spread (ROIC-NNEP)	7.44%	5.03%	5.49%	6.43%	7.92%	5.57%	5.64%	5.55%	7.12%	7.51%	4.93%
Return on Net Nonoperating Assets (RNNOA)	9.78%	6.81%	7.42%	8.71%	10.65%	7.58%	7.71%	7.72%	9.30%	10.18%	6.84%
Return on Equity (ROE)	18.26%	12.91%	13.99%	16.55%	19.49%	14.17%	14.33%	14.64%	17.32%	19.67%	12.89%
Cash Return on Invested Capital (CROIC)	-3.15%	-0.09%	0.25%	0.07%	0.97%	1.09%	-0.36%	-1.02%	-0.99%	-2.94%	-4.16%
Operating Return on Assets (OROA)	5.54%	3.38%	3.73%	3.58%	6.05%	3.81%	4.14%	3.31%	5.43%	2.67%	3.47%
Return on Assets (ROA)	3.95%	2.41%	2.69%	2.40%	4.32%	2.70%	2.91%	2.12%	3.90%	2.98%	2.45%
Return on Common Equity (ROCE)	18.26%	12.91%	13.99%	16.55%	19.49%	14.17%	14.33%	14.64%	17.32%	19.67%	12.89%
Return on Equity Simple (ROE_SIMPLE)	10.21%	0.00%	10.55%	10.25%	10.06%	0.00%	10.32%	10.33%	9.72%	0.00%	9.75%
Net Operating Profit after Tax (NOPAT)	865	614	656	602	862	646	719	634	898	964	775
NOPAT Margin	21.20%	15.15%	16.08%	19.92%	23.55%	18.77%	19.70%	20.93%	24.64%	30.90%	19.84%
Net Nonoperating Expense Percent (NNEP)	1.04%	1.07%	1.08%	1.41%	0.91%	1.02%	0.97%	1.37%	0.90%	1.99%	1.12%
Return On Investment Capital (ROIC_SIMPLE)	-	1.45%	-	-	-	1.44%	-	-	-	1.95%	1.49%
Cost of Revenue to Revenue	56.15%	66.25%	64.29%	60.85%	50.55%	55.61%	56.02%	54.03%	48.87%	58.72%	56.86%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.22%	20.80%	21.67%	25.31%	24.47%	27.69%	25.38%	31.14%	26.13%	30.16%	25.81%
Earnings before Interest and Taxes (EBIT)	909	532	578	429	918	578	693	471	950	415	684
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,550	1,174	1,238	1,024	1,571	1,237	1,377	1,210	1,667	1,150	1,447
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.01	2.14	2.10	1.95	1.76	1.87	1.65	1.65	1.88	1.97	2.05
Price to Tangible Book Value (P/TBV)	2.01	2.14	2.10	1.95	1.76	1.87	1.65	1.65	1.88	1.97	2.05
Price to Revenue (P/Rev)	2.25	2.33	2.26	2.16	2.05	2.32	2.13	2.15	2.65	2.86	2.97
Price to Earnings (P/E)	19.69	20.58	19.95	18.99	17.45	18.58	15.95	16.00	19.35	19.86	21.06
Dividend Yield	3.19%	2.99%	3.08%	3.37%	3.72%	3.49%	3.96%	4.00%	3.31%	3.23%	3.13%
Earnings Yield	5.08%	4.86%	5.01%	5.27%	5.73%	5.38%	6.27%	6.25%	5.17%	5.03%	4.75%
Enterprise Value to Invested Capital (EV/IC)	1.42	1.47	1.46	1.39	1.31	1.35	1.26	1.26	1.37	1.40	1.43
Enterprise Value to Revenue (EV/Rev)	3.72	3.78	3.69	3.65	3.59	3.97	3.88	3.95	4.38	4.78	4.94
Enterprise Value to EBITDA (EV/EBITDA)	11.33	11.66	11.30	11.14	10.61	11.12	10.26	10.08	10.98	11.89	12.36
Enterprise Value to EBIT (EV/EBIT)	23.48	23.98	23.22	22.69	21.63	22.52	20.40	20.45	22.40	25.40	26.85
Enterprise Value to NOPAT (EV/NOPAT)	21.43	22.00	21.34	20.77	19.90	20.84	19.30	19.43	21.23	21.34	21.97
Enterprise Value to Operating Cash Flow (EV/OCF)	14.40	14.73	13.31	12.63	10.38	10.58	11.04	10.64	12.18	13.84	14.65
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	605.88	2,183.62	139.03	127.24	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.53	1.55	1.54	1.57	1.55	1.55	1.59	1.69	1.53	1.54	1.62
Long-Term Debt to Equity	1.48	1.43	1.42	1.48	1.49	1.47	1.53	1.60	1.47	1.44	1.53
Financial Leverage	1.31	1.36	1.35	1.36	1.34	1.36	1.37	1.39	1.31	1.36	1.39
Leverage Ratio	3.72	3.69	3.65	3.68	3.65	3.65	3.65	3.72	3.60	3.61	3.67
Compound Leverage Factor	2.84	2.25	2.31	1.72	2.76	2.30	2.43	1.69	2.63	1.45	2.27
Debt to Total Capital	60.52%	60.76%	60.55%	61.11%	60.84%	60.77%	61.41%	62.82%	60.45%	60.56%	61.85%
Short-Term Debt to Total Capital	1.95%	4.62%	4.64%	3.67%	2.38%	2.98%	2.20%	3.43%	2.45%	3.63%	3.51%
Long-Term Debt to Total Capital	58.57%	56.13%	55.91%	57.44%	58.46%	57.79%	59.21%	59.39%	58.00%	56.93%	58.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	39.48%	39.24%	39.45%	38.89%	39.16%	39.23%	38.59%	37.18%	39.55%	39.44%	38.15%
Debt to EBITDA	5.23	5.20	5.06	5.33	5.37	5.38	5.45	5.62	5.39	5.55	5.87
Net Debt to EBITDA	4.47	4.47	4.36	4.54	4.55	4.63	4.62	4.58	4.35	4.77	4.93
Long-Term Debt to EBITDA	5.06	4.80	4.68	5.01	5.16	5.12	5.26	5.32	5.17	5.22	5.53
Debt to NOPAT	9.90	9.81	9.56	9.94	10.07	10.09	10.26	10.84	10.41	9.96	10.43
Net Debt to NOPAT	8.46	8.43	8.23	8.45	8.52	8.67	8.69	8.83	8.42	8.57	8.76
Long-Term Debt to NOPAT	9.58	9.06	8.83	9.34	9.68	9.60	9.89	10.25	9.99	9.36	9.84
Altman Z-Score	0.92	0.91	0.91	0.86	0.84	0.82	0.77	0.74	0.84	0.80	0.83
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.04	0.85	0.75	0.80	0.87	0.72	0.86	0.97	0.93	0.67	0.80
Quick Ratio	0.52	0.47	0.40	0.45	0.53	0.42	0.50	0.65	0.63	0.37	0.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,824	-2,053	-1,950	-2,047	-1,426	-1,615	-2,195	-2,588	-2,360	-3,332	-4,176
Operating Cash Flow to CapEx	91.75%	58.26%	121.50%	68.82%	115.66%	60.35%	68.31%	64.99%	97.64%	29.95%	51.71%
Free Cash Flow to Firm to Interest Expense	-11.91	-8.59	-8.02	-8.00	-5.59	-6.46	-7.93	-8.54	-7.74	-11.22	-13.52
Operating Cash Flow to Interest Expense	4.97	3.20	6.33	3.59	7.44	3.90	3.79	3.93	5.70	2.24	3.33
Operating Cash Flow Less CapEx to Interest Expense	-0.45	-2.29	1.12	-1.63	1.01	-2.56	-1.76	-2.12	-0.14	-5.23	-3.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.26	0.26	0.25	0.24	0.23	0.22	0.21	0.21	0.20	0.20
Accounts Receivable Turnover	7.97	7.03	7.85	8.17	7.52	6.12	6.76	7.18	7.01	6.33	6.76
Inventory Turnover	12.23	13.18	17.80	14.86	11.55	10.87	12.71	11.94	11.12	10.59	11.97
Fixed Asset Turnover	0.32	0.33	0.33	0.32	0.30	0.28	0.27	0.27	0.26	0.25	0.25
Accounts Payable Turnover	6.14	5.88	7.44	6.52	5.94	4.74	5.46	5.22	4.67	4.23	4.39
Days Sales Outstanding (DSO)	45.80	51.95	46.48	44.65	48.53	59.69	54.00	50.81	52.09	57.69	54.03
Days Inventory Outstanding (DIO)	29.84	27.69	20.50	24.56	31.60	33.59	28.71	30.57	32.81	34.46	30.49
Days Payable Outstanding (DPO)	59.49	62.05	49.04	56.01	61.48	77.02	66.79	69.94	78.15	86.31	83.14
Cash Conversion Cycle (CCC)	16.15	17.59	17.94	13.19	18.65	16.25	15.92	11.44	6.75	5.84	1.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	38,354	39,351	39,580	40,046	40,642	41,612	42,494	43,268	43,900	45,908	47,445
Invested Capital Turnover	0.40	0.40	0.41	0.39	0.38	0.35	0.34	0.33	0.33	0.31	0.30
Increase / (Decrease) in Invested Capital	3,689	2,667	2,606	2,649	2,288	2,261	2,914	3,222	3,258	4,296	4,951
Enterprise Value (EV)	54,385	57,918	57,632	55,546	53,146	56,356	53,419	54,387	60,312	64,247	67,656
Market Capitalization	32,926	35,727	35,398	32,934	30,388	32,900	29,361	29,677	36,405	38,455	40,673
Book Value per Share	$29.95	$30.47	$30.59	$30.73	$31.38	$31.92	$32.09	$32.31	$34.71	$34.00	$34.47
Tangible Book Value per Share	$29.95	$30.47	$30.59	$30.73	$31.38	$31.92	$32.09	$32.31	$34.71	$34.00	$34.47
Total Capital	41,499	42,490	42,636	43,490	44,200	44,904	46,232	48,287	48,930	49,503	51,911
Total Debt	25,115	25,815	25,818	26,576	26,891	27,288	28,391	30,333	29,578	29,981	32,107
Total Long-Term Debt	24,306	23,851	23,838	24,981	25,840	25,951	27,376	28,677	28,379	28,183	30,285
Net Debt	21,459	22,191	22,234	22,612	22,758	23,456	24,058	24,710	23,907	25,792	26,983
Capital Expenditures (CapEx)	1,285	1,313	1,265	1,334	1,641	1,614	1,537	1,831	1,779	2,217	1,988
Debt-free, Cash-free Net Working Capital (DFCFNWC)	423	640	361	57	-360	-479	-293	-377	-914	-629	-787
Debt-free Net Working Capital (DFNWC)	996	1,030	572	565	380	-246	294	1,455	810	-336	449
Net Working Capital (NWC)	187	-934	-1,408	-1,030	-671	-1,583	-721	-201	-389	-2,134	-1,373
Net Nonoperating Expense (NNE)	216	235	238	314	206	237	231	332	216	500	292
Net Nonoperating Obligations (NNO)	21,970	22,676	22,762	23,132	23,333	23,996	24,653	25,314	24,548	26,386	27,641
Total Depreciation and Amortization (D&A)	641	642	660	595	653	659	684	739	717	735	763
Debt-free, Cash-free Net Working Capital to Revenue	2.89%	4.18%	2.31%	0.37%	-2.43%	-3.37%	-2.13%	-2.74%	-6.64%	-4.68%	-5.75%
Debt-free Net Working Capital to Revenue	6.82%	6.73%	3.66%	3.71%	2.56%	-1.73%	2.13%	10.56%	5.89%	-2.50%	3.28%
Net Working Capital to Revenue	1.28%	-6.10%	-9.00%	-6.76%	-4.53%	-11.14%	-5.23%	-1.46%	-2.83%	-15.88%	-10.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.19	$0.69	$0.76	$0.52	$1.19	$0.74	$0.88	$0.54	$1.21	$0.81	$0.84
Adjusted Weighted Average Basic Shares Outstanding	548M	547M	551M	551M	552M	552M	556M	557M	564M	563M	575M
Adjusted Diluted Earnings per Share	$1.18	$0.69	$0.76	$0.52	$1.19	$0.74	$0.88	$0.54	$1.21	$0.81	$0.84
Adjusted Weighted Average Diluted Shares Outstanding	548M	547M	551M	552M	552M	552M	556M	557M	565M	563M	577M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	547.25M	549.85M	550.36M	551.53M	551.82M	555.16M	555.64M	557.50M	574.24M	574.55M	576.76M
Normalized Net Operating Profit after Tax (NOPAT)	865	368	401	293	894	403	475	314	898	243	474
Normalized NOPAT Margin	21.20%	9.07%	9.83%	9.68%	24.43%	11.69%	13.03%	10.38%	24.64%	7.79%	12.13%
Pre Tax Income Margin	16.98%	7.99%	8.95%	6.62%	19.01%	10.58%	12.63%	7.07%	18.99%	5.35%	10.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.84	2.23	2.38	1.68	3.60	2.31	2.50	1.55	3.11	1.40	2.21
NOPAT to Interest Expense	3.65	2.57	2.70	2.35	3.38	2.58	2.59	2.09	2.94	3.25	2.51
EBIT Less CapEx to Interest Expense	-1.59	-3.27	-2.83	-3.54	-2.84	-4.14	-3.05	-4.49	-2.72	-6.07	-4.22
NOPAT Less CapEx to Interest Expense	-1.77	-2.92	-2.51	-2.86	-3.05	-3.87	-2.95	-3.95	-2.89	-4.22	-3.93
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	59.27%	58.29%	58.12%	60.61%	61.57%	61.66%	60.46%	60.97%	61.08%	60.69%	62.20%
Augmented Payout Ratio	59.27%	58.29%	58.12%	60.61%	61.57%	61.66%	60.46%	60.97%	61.08%	60.69%	62.20%

Frequently Asked Questions About Xcel Energy's Financials

When does Xcel Energy's financial year end?

According to the most recent income statement we have on file, Xcel Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Xcel Energy's net income changed over the last 9 years?

Xcel Energy's net income appears to be on an upward trend, with a most recent value of $1.94 billion in 2024, rising from $984 million in 2015. The previous period was $1.77 billion in 2023. See where experts think Xcel Energy is headed by visiting Xcel Energy's forecast page.

What is Xcel Energy's operating income?

Xcel Energy's total operating income in 2024 was $2.39 billion, based on the following breakdown:

Total Gross Profit: $6.15 billion
Total Operating Expenses: $3.76 billion

How has Xcel Energy revenue changed over the last 9 years?

Over the last 9 years, Xcel Energy's total revenue changed from $11.02 billion in 2015 to $13.44 billion in 2024, a change of 21.9%.

How much debt does Xcel Energy have?

Xcel Energy's total liabilities were at $50.51 billion at the end of 2024, a 8.7% increase from 2023, and a 79.0% increase since 2015.

How much cash does Xcel Energy have?

In the past 9 years, Xcel Energy's cash and equivalents has ranged from $0.00 in 2019 to $179 million in 2024, and is currently $179 million as of their latest financial filing in 2024.

How has Xcel Energy's book value per share changed over the last 9 years?

Over the last 9 years, Xcel Energy's book value per share changed from 20.89 in 2015 to 34.00 in 2024, a change of 62.7%.

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This page (NASDAQ:XEL) was last updated on 5/5/2025 by MarketBeat.com Staff

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