Xcel Energy (XEL) Financials

$69.81 +0.08 (+0.11%)

Closing price 05/27/2025 04:00 PM Eastern

Extended Trading

$70.00 +0.19 (+0.27%)

As of 06:38 AM 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,936	1,771	1,736	1,597	1,473	1,372	1,261	1,148	1,123	984
Consolidated Net Income / (Loss)	1,936	1,771	1,736	1,597	1,473	1,372	1,261	1,148	1,123	984
Net Income / (Loss) Continuing Operations	1,936	1,771	1,736	1,597	1,473	1,372	1,261	1,148	1,123	984
Total Pre-Tax Income	1,534	1,625	1,601	1,527	1,467	1,500	1,442	1,690	1,704	1,527
Total Operating Income	2,386	2,481	2,428	2,203	2,116	2,104	1,965	2,223	2,240	2,000
Total Gross Profit	6,148	5,979	5,860	5,258	4,964	4,723	4,453	4,520	4,320	3,990
Total Revenue	13,441	14,206	15,310	13,431	11,526	11,529	11,537	11,404	11,107	11,024
Operating Revenue	13,441	14,206	15,310	13,431	11,526	11,529	11,537	11,404	11,107	10,948
Total Cost of Revenue	7,293	8,227	9,450	8,173	6,562	6,806	7,084	6,884	6,787	7,034
Operating Cost of Revenue	7,293	8,227	9,450	8,173	6,562	6,806	7,084	6,884	6,787	7,034
Total Operating Expenses	3,762	3,498	3,432	3,055	2,848	2,619	2,488	2,297	2,080	1,990
Depreciation Expense	2,744	2,448	2,413	2,121	1,948	1,765	1,642	1,479	1,303	1,124
Other Operating Expenses / (Income)	1,018	1,015	1,019	934	900	854	846	818	777	866
Other Special Charges / (Income)	0.00	35	0.00	0.00	-	-	-	-	-	-
Total Other Income / (Expense), net	-852	-856	-827	-676	-649	-604	-523	-533	-536	-473
Interest Expense	1,182	1,004	925	816	798	736	652	628	620	569
Interest & Investment Income	187	126	111	135	155	116	143	105	102	90
Other Income / (Expense), net	143	22	-13	5.00	-6.00	16	-14	-10	-18	6.00
Income Tax Expense	-402	-146	-135	-70	-6.00	128	181	542	581	543
Basic Earnings per Share	$3.44	$3.21	$3.18	$2.96	$2.79	$2.64	$2.47	$2.26	$2.21	$1.94
Weighted Average Basic Shares Outstanding	563M	552M	547M	539M	527M	519M	511M	509M	509M	507.80M
Diluted Earnings per Share	$3.44	$3.21	$3.17	$2.96	$2.79	$2.64	$2.47	$2.25	$2.21	$1.94
Weighted Average Diluted Shares Outstanding	563M	552M	547M	540M	528M	520M	511M	509M	509M	508.20M
Weighted Average Basic & Diluted Shares Outstanding	574.55M	555.16M	549.85M	544.21M	537.65M	524.67M	510.50M	508M	508.10M	507.50M
Cash Dividends to Common per Share	$2.19	$2.08	$1.95	$1.72	$1.72	$1.62	$1.52	$1.44	$1.36	$1.28

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Xcel Energy's Financials

When does Xcel Energy's fiscal year end?

According to the most recent income statement we have on file, Xcel Energy's financial year ends in December. Their financial 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 Xcel Energy's forecast for analyst expectations on what’s next for the company.

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 5/28/2025 by MarketBeat.com Staff

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