What is Xcel Energy, Inc.'s earnings per share (EPS)?

Xcel Energy, Inc. (XEL) reported diluted earnings per share of $3.42 for fiscal year 2025. This represents a -0.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Xcel Energy, Inc. (XEL) Financials

XEL

FY2025 annual

Net Income $2.0B +4.2% YoY

EPS (Diluted) $3.42 -0.6% YoY

Free Cash Flow -$6.8B -150.6% YoY

Operating Cash Flow $4.1B -12.0% YoY

Market Cap $44.7B as of Oct 6, 2026

Price / Sales n/m no revenue reported

Price / Earnings 22.1x on $2.0B net income, FY2025

Price / Book 1.9x on $24.1B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the XEL SEC filings page.

This page shows Xcel Energy, Inc. (XEL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI XEL FY2025 2026-10-04

Operations generate cash, but expanding infrastructure investment absorbs more cash than the business produces internally.

Operating cash flow nearly doubled from $2.2B in FY2021 to $4.1B in FY2025, yet the business still required substantial outside funding. By FY2025, capital expenditures reached $10.9B, more than twice operating cash flow, showing that asset expansion—not weak day-to-day operations—is driving the cash shortfall.

Leverage and liquidity moved in an unfavorable combination: debt-to-equity remained near 1.3x while the current ratio fell from 0.8x to 0.7x. Interest expense rose from $842M in FY2021 to $1.5B in FY2025, adding a larger financing drag as the asset base expanded.

FY2025 net income reached $2.0B while return on assets was 2.5%; profit is rising in dollars but not proportionally to the capital deployed. With free cash flow of -$6.8B and dividends paid of $1.3B, distributions occurred alongside a substantial funding need rather than from surplus cash generation.

Financial Health Signals

Financial health score not available

Xcel Energy, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/7

Xcel Energy, Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

2.02x

For every $1 of reported earnings, Xcel Energy, Inc. generates $2.02 in operating cash flow ($4.1B OCF vs $2.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.76x

Xcel Energy, Inc. earns $1.76 in operating income for every $1 of interest expense ($2.6B vs $1.5B). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

EBITDA

$1.4B

YoY+4.5%

QoQ-10.4%

Xcel Energy, Inc.'s EBITDA was $1.4B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.5% from the same quarter a year earlier. Against the prior quarter it is down 10.4%.

Net Income

$586.0M

YoY+32.0%

QoQ+5.4%

Xcel Energy, Inc. reported $586.0M in net income in Q2 2026. This represents an increase of 32.0% from the same quarter a year earlier. Against the prior quarter it is up 5.4%.

EPS (Diluted)

$0.93

YoY+24.0%

QoQ+4.5%

5Y CAGR+9.9%

10Y CAGR+9.1%

Xcel Energy, Inc. earned $0.93 per diluted share (EPS) in Q2 2026. This represents an increase of 24.0% from the same quarter a year earlier. Against the prior quarter it is up 4.5%.

Revenue

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

-$1.8B

YoY-37.3%

QoQ-39.5%

Xcel Energy, Inc. recorded an outflow of $1.8B in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 37.3% from the same quarter a year earlier. Against the prior quarter it is down 39.5%.

Cash & Debt

$2.0B

YoY+38.2%

QoQ+14.2%

5Y CAGR+30.2%

10Y CAGR+38.6%

Xcel Energy, Inc. held $2.0B in cash against $35.9B in long-term debt as of Q2 2026.

Dividends Per Share

$0.59

YoY+3.5%

QoQ0.0%

Xcel Energy, Inc. paid $0.59 per share in dividends in Q2 2026. This represents an increase of 3.5% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

625M

YoY+5.6%

QoQ+0.1%

5Y CAGR+3.0%

10Y CAGR+2.1%

Xcel Energy, Inc. had 625M shares outstanding in Q2 2026. This represents an increase of 5.6% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Return on Equity

2.4%

YoY+0.3pp

QoQ+0.1pp

Xcel Energy, Inc.'s ROE was 2.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$2.9B

YoY+21.5%

QoQ-2.4%

5Y CAGR+25.6%

10Y CAGR+15.3%

Xcel Energy, Inc. invested $2.9B in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 21.5% from the same quarter a year earlier. Against the prior quarter it is down 2.4%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

XEL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

XEL quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$11.5B+1.2%	$11.4B+2.7%	$11.1B+0.8%	$11.0B-5.7%	$11.7B+7.1%	$10.9B+7.8%	$10.1B-4.9%	$10.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.9B+2.6%	$3.8B+1.0%	$3.7B	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$7.7B+0.5%	$7.6B+3.5%	$7.4B	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	$2.6B+8.3%	$2.4B-3.8%	$2.5B+2.2%	$2.4B+10.2%	$2.2B+4.1%	$2.1B+0.6%	$2.1B+7.1%	$2.0B-11.6%	$2.2B-0.8%	$2.2B+12.0%	$2.0B+2.7%	$1.9B+5.4%	$1.8B+1.4%	$1.8B+2.3%	$1.8B
EBITDA	N/A	$5.6B+7.7%	$5.2B+4.1%	$5.0B+1.8%	$4.9B+11.9%	$4.3B+6.7%	$4.1B+4.8%	$3.9B+7.3%	$3.6B-2.5%	$3.7B+4.5%	$3.6B+13.2%	$3.1B+5.3%	$3.0B+4.7%	$2.8B+3.0%	$2.8B+2.8%	$2.7B
Interest Expense	N/A	$1.5B+17.0%	$1.3B+19.0%	$1.1B+10.7%	$953.0M+13.2%	$842.0M+0.2%	$840.0M+8.7%	$773.0M+10.4%	$700.0M+5.6%	$663.0M+2.5%	$647.0M+8.7%	$595.0M+5.0%	$566.6M-1.5%	$575.2M-4.4%	$601.6M+1.8%	$591.1M
Income Tax	N/A	-$245.0M+39.1%	-$402.0M-175.3%	-$146.0M-8.1%	-$135.0M-92.9%	-$70.0M-1066.7%	-$6.0M-104.7%	$128.0M-29.3%	$181.0M-66.6%	$542.0M-6.7%	$581.0M+7.0%	$543.0M+3.7%	$523.8M+8.2%	$484.0M+7.5%	$450.2M-3.9%	$468.3M
Net Income	N/A	$2.0B+4.2%	$1.9B+9.3%	$1.8B+2.0%	$1.7B+8.7%	$1.6B+8.4%	$1.5B+7.4%	$1.4B+8.8%	$1.3B+9.8%	$1.1B+2.2%	$1.1B+14.1%	$984.0M-3.7%	$1.0B+7.7%	$948.2M+4.8%	$905.2M+7.6%	$841.2M
EPS (Basic)	N/A	$3.440.0%	$3.44+7.2%	$3.21+0.9%	$3.18+7.4%	$2.96+6.1%	$2.79+5.7%	$2.64+6.9%	$2.47+9.3%	$2.26+2.3%	$2.21+13.9%	$1.94-4.4%	$2.03+6.3%	$1.91+2.7%	$1.86+8.1%	$1.72
EPS (Diluted)	$3.65	$3.42-0.6%	$3.44+7.2%	$3.21+1.3%	$3.17+7.1%	$2.96+6.1%	$2.79+5.7%	$2.64+6.9%	$2.47+9.8%	$2.25+1.8%	$2.21+13.9%	$1.94-4.4%	$2.03+6.3%	$1.91+3.2%	$1.85+7.6%	$1.72
Diluted Shares (Avg)	N/A	589M+4.6%	563M+2.0%	552M+0.9%	547M+1.3%	540M+2.3%	528M+1.5%	520M+1.8%	511M+0.4%	509M0.0%	509M+0.2%	508M+0.8%	504M+1.5%	497M+1.7%	488M+0.6%	486M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Income	$706.0M+22.4%	$754.0M+11.4%	N/A	$749.0M-17.8%	$577.0M+28.5%	$677.0M-0.3%	N/A	$911.0M-0.4%
EBITDA	$1.4B+4.5%	$1.5B+7.8%	N/A	$1.5B-5.8%	$1.3B+12.9%	$1.4B+5.1%	N/A	$1.6B+3.8%
Interest Expense	$443.0M+26.9%	$412.0M+24.1%	N/A	$384.0M+17.8%	$349.0M+9.4%	$332.0M+14.1%	N/A	$326.0M+21.2%
Income Tax	-$60.0M0.0%	-$47.0M+23.0%	N/A	$8.0M-20.0%	-$60.0M+31.8%	-$61.0M-125.9%	N/A	$10.0M-75.0%
Net Income	$586.0M+32.0%	$556.0M+15.1%	N/A	$524.0M-23.2%	$444.0M+47.0%	$483.0M-1.0%	N/A	$682.0M+4.0%
EPS (Basic)	$0.94+23.7%	$0.89+6.0%	$0.96+18.5%	$0.88-27.3%	$0.76+40.7%	$0.84-4.5%	$0.81+9.5%	$1.21+1.7%
EPS (Diluted)	$0.93+24.0%	$0.89+6.0%	$0.95+17.3%	$0.88-27.3%	$0.75+38.9%	$0.84-4.5%	$0.81+9.5%	$1.21+1.7%
Diluted Shares (Avg)	627M+6.6%	626M+8.5%	N/A	595M+5.3%	588M+5.6%	577M+3.8%	N/A	565M+2.4%

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.

XEL Balance Sheet

XEL quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$81.4B+16.2%	$70.0B+9.3%	$64.1B+4.7%	$61.2B+5.8%	$57.9B+7.2%	$54.0B+7.0%	$50.4B+9.7%	$46.0B+6.9%	$43.0B+4.6%	$41.2B+6.0%	$38.8B+5.0%	$37.0B+9.0%	$33.9B+8.9%	$31.1B+5.6%	$29.5B
Current Assets	$5.0B+15.9%	$4.3B+6.3%	$4.1B-20.9%	$5.1B+21.3%	$4.2B+29.4%	$3.3B+5.2%	$3.1B+0.6%	$3.1B+4.1%	$3.0B+4.6%	$2.8B+2.6%	$2.8B-17.7%	$3.4B+4.5%	$3.2B+22.6%	$2.6B-12.0%	$3.0B
Cash & Equivalents	$274.0M+53.1%	$179.0M+38.8%	$129.0M+16.2%	$111.0M-33.1%	$166.0M+28.7%	$129.0M-48.0%	$248.0M+68.7%	$147.0M+77.1%	$83.0M-2.4%	$85.0M0.0%	$85.0M+6.3%	$80.0M-25.3%	$107.1M+30.2%	$82.3M+35.7%	$60.7M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$761.0M+14.3%	$666.0M-6.3%	$711.0M-11.5%	$803.0M+27.3%	$631.0M+17.9%	$535.0M-1.7%	$544.0M-0.7%	$548.0M-10.2%	$610.0M+1.0%	$604.0M-0.8%	$608.6M+1.9%	$597.2M+3.6%	$576.5M+7.6%	$535.6M-13.4%	$618.2M
Accounts Receivable	$1.3B+6.5%	$1.2B-5.0%	$1.3B-4.2%	$1.4B+34.9%	$1.0B+11.1%	$916.0M+9.4%	$837.0M-2.7%	$860.0M+7.9%	$797.0M+2.7%	$776.0M+7.1%	$724.6M-12.3%	$826.5M+11.1%	$744.2M+3.6%	$718.0M-4.7%	$753.1M
Long-Term Investments	$164.0M+5.1%	$156.0M+8.3%	$144.0M+8.3%	$133.0M-18.9%	$164.0M+6.5%	$154.0M+13.2%	$136.0M+12.4%	$121.0M+6.1%	$114.0M+16.3%	$98.0M+100.4%	$48.9M+7.2%	$45.6M+8.8%	$41.9M+12.9%	$37.1M+8.2%	$34.3M
Total Liabilities	$57.8B+14.4%	$50.5B+8.7%	$46.5B+4.4%	$44.5B+5.4%	$42.2B+7.3%	$39.4B+5.8%	$37.2B+10.2%	$33.8B+6.9%	$31.6B+4.8%	$30.1B+6.8%	$28.2B+5.5%	$26.7B+9.9%	$24.3B+9.3%	$22.3B+6.0%	$21.0B
Current Liabilities	$7.1B+9.8%	$6.5B+14.3%	$5.7B-7.0%	$6.1B+20.5%	$5.0B+19.0%	$4.2B-7.2%	$4.6B+2.4%	$4.5B+9.1%	$4.1B+25.9%	$3.2B-20.0%	$4.1B-0.2%	$4.1B+11.2%	$3.7B+24.4%	$2.9B-18.2%	$3.6B
Non-Current Liabilities	$50.7B+15.0%	$44.1B+7.9%	$40.8B+6.2%	$38.4B+3.3%	$37.2B+5.8%	$35.1B+7.7%	$32.6B+11.4%	$29.3B+6.6%	$27.5B+2.2%	$26.9B+11.3%	$24.2B+6.5%	$22.7B+9.6%	$20.7B+7.0%	$19.3B+10.9%	$17.4B
Long-Term Debt	$31.8B+16.5%	$27.3B+9.6%	$24.9B+9.2%	$22.8B+4.7%	$21.8B+10.9%	$19.6B+12.9%	$17.4B+10.1%	$15.8B+8.8%	$14.5B+2.3%	$14.2B+14.5%	$12.4B+7.8%	$11.5B+5.4%	$10.9B+7.6%	$10.1B+14.6%	$8.8B
Total Equity	$23.6B+20.9%	$19.5B+10.8%	$17.6B+5.6%	$16.7B+6.8%	$15.6B+7.1%	$14.6B+10.1%	$13.2B+8.3%	$12.2B+6.7%	$11.5B+3.9%	$11.0B+4.0%	$10.6B+3.8%	$10.2B+6.8%	$9.6B+7.8%	$8.9B+4.6%	$8.5B
Retained Earnings	$9.2B+7.6%	$8.6B+8.8%	$7.9B+8.6%	$7.2B+10.1%	$6.6B+10.1%	$6.0B+10.3%	$5.4B+10.6%	$4.9B+10.9%	$4.4B+10.8%	$4.0B+12.1%	$3.6B+10.3%	$3.2B+14.7%	$2.8B+16.3%	$2.4B+18.8%	$2.0B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$87.2B+15.7%	$84.8B+16.6%	$81.4B+16.2%	$79.2B+14.2%	$75.3B+10.9%	$72.7B+10.9%	$70.0B+9.3%	$69.3B+10.2%
Current Assets	$6.1B+7.3%	$5.9B+9.6%	$5.0B+15.9%	$5.7B+3.9%	$5.7B-0.6%	$5.4B+19.6%	$4.3B+6.3%	$5.5B+24.2%
Cash & Equivalents	$2.0B+38.2%	$1.8B+56.7%	$274.0M+53.1%	$1.1B-31.9%	$1.5B-9.0%	$1.1B+124.2%	$179.0M+38.8%	$1.5B+160.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$745.0M+11.5%	$709.0M+13.4%	$761.0M+14.3%	$723.0M+13.3%	$668.0M+7.4%	$625.0M+0.3%	$666.0M-6.3%	$638.0M-7.3%
Accounts Receivable	$1.3B+10.8%	$1.3B+4.6%	$1.3B+6.5%	$1.2B+5.0%	$1.1B-0.4%	$1.3B+5.5%	$1.2B-5.0%	$1.2B-2.7%
Long-Term Investments	$178.0M+10.6%	$165.0M+5.8%	$164.0M+5.1%	$165.0M+3.8%	$161.0M+5.9%	$156.0M+3.3%	$156.0M+8.3%	$159.0M+17.8%
Total Liabilities	$63.1B+16.1%	$61.0B+15.3%	$57.8B+14.4%	$58.0B+16.1%	$54.4B+8.8%	$52.9B+10.9%	$50.5B+8.7%	$49.9B+9.6%
Current Liabilities	$8.7B+47.3%	$7.6B+13.3%	$7.1B+9.8%	$7.1B+22.0%	$5.9B-0.2%	$6.7B+29.4%	$6.5B+14.3%	$5.9B+15.5%
Non-Current Liabilities	$54.4B+12.3%	$53.4B+15.5%	$50.7B+15.0%	$50.8B+15.3%	$48.5B+10.0%	$46.2B+8.6%	$44.1B+7.9%	$44.1B+8.9%
Long-Term Debt	$35.9B+15.6%	$34.6B+17.5%	$31.8B+16.5%	$32.0B+16.6%	$31.1B+12.2%	$29.4B+11.4%	$27.3B+9.6%	$27.5B+10.3%
Total Equity	$24.1B+14.8%	$23.8B+20.2%	$23.6B+20.9%	$21.2B+9.5%	$21.0B+16.7%	$19.8B+11.0%	$19.5B+10.8%	$19.4B+11.8%
Retained Earnings	$9.6B+9.0%	$9.4B+7.9%	$9.2B+7.6%	$9.0B+7.0%	$8.8B+9.6%	$8.7B+8.3%	$8.6B+8.8%	$8.4B+8.6%

Not reported in any period shown, so not listed: Goodwill.

XEL Cash Flow Statement

XEL quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$4.8B	$4.1B-12.0%	$4.6B-12.9%	$5.3B+35.5%	$3.9B+79.6%	$2.2B-23.1%	$2.8B-12.7%	$3.3B+4.5%	$3.1B-0.1%	$3.1B+2.4%	$3.1B+0.5%	$3.0B+14.2%	$2.7B+2.9%	$2.6B+28.9%	$2.0B-16.7%	$2.4B
Depreciation & Amortization	N/A	$3.0B+7.2%	$2.8B+12.1%	$2.5B+1.4%	$2.4B+13.7%	$2.1B+9.4%	$2.0B+9.7%	$1.8B+7.6%	$1.7B+11.0%	$1.5B+13.3%	$1.3B+15.4%	$1.1B+10.3%	$1.0B+3.5%	$1.0B+6.2%	$943.7M+3.8%	$908.9M
Stock-Based Compensation	N/A	$46.0M+39.4%	$33.0M+32.0%	$25.0M+25.0%	$20.0M-35.5%	$31.0M-57.5%	$73.0M+25.9%	$58.0M+28.9%	$45.0M-21.1%	$57.0M+39.0%	$41.0M-8.9%	$45.0M+39.8%	$32.2M+30.8%	$24.6M-8.7%	$27.0M-40.1%	$45.0M
Capital Expenditures	$12.5B	$10.9B+48.1%	$7.4B+25.8%	$5.9B+26.2%	$4.6B+9.3%	$4.2B-21.0%	$5.4B+27.1%	$4.2B+6.8%	$4.0B+22.0%	$3.2B+1.5%	$3.2B-13.3%	$3.7B+15.1%	$3.2B-5.8%	$3.4B	$0	$0
Free Cash Flow	-$7.7B	-$6.8B-150.6%	-$2.7B-416.7%	-$527.0M+25.4%	-$706.0M+65.6%	-$2.1B+18.5%	-$2.5B-162.1%	-$962.0M-15.2%	-$835.0M-607.6%	-$118.0M+17.5%	-$143.0M+77.8%	-$645.0M-19.4%	-$540.3M+33.4%	-$811.3M-140.5%	$2.0B-16.7%	$2.4B
Investing Cash Flow	-$12.5B	-$11.0B-47.7%	-$7.4B-25.3%	-$5.9B-27.4%	-$4.7B-8.5%	-$4.3B+9.6%	-$4.7B-9.1%	-$4.3B-9.0%	-$4.0B-20.9%	-$3.3B-1.1%	-$3.3B+10.0%	-$3.6B-16.2%	-$3.1B+3.0%	-$3.2B-37.7%	-$2.3B-3.8%	-$2.2B
Financing Cash Flow	$8.3B	$7.0B+146.1%	$2.8B+359.8%	$617.0M-7.4%	$666.0M-68.8%	$2.1B+20.4%	$1.8B+50.1%	$1.2B+27.3%	$928.0M+452.4%	$168.0M-19.6%	$209.0M-64.6%	$590.0M+37.1%	$430.2M-34.2%	$654.2M+87.0%	$349.8M+270.3%	-$205.5M
Dividends Paid	$1.4B	$1.3B+9.1%	$1.2B+7.6%	$1.1B+7.9%	$1.0B+8.2%	$935.0M+9.2%	$856.0M+8.2%	$791.0M+8.4%	$730.0M+1.2%	$721.0M+5.9%	$681.0M+12.2%	$607.0M+8.1%	$561.4M+9.2%	$514.0M+5.6%	$486.8M+2.5%	$474.8M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.0M-66.7%	$3.0M-90.6%	$32.0M	$0	$0	$0-100.0%	$18.5M	$0

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$1.1B+1.8%	$1.7B+65.1%	$209.0M-68.5%	$1.8B+1.6%	$1.1B-9.2%	$1.0B-2.1%	$664.0M-31.8%	$1.7B-8.5%
Depreciation & Amortization	$657.0M-9.6%	$767.0M+4.5%	$752.0M+5.3%	$755.0M+10.2%	$727.0M+3.0%	$734.0M+10.5%	$714.0M+10.4%	$685.0M+10.1%
Stock-Based Compensation	N/A	$11.0M+22.2%	N/A	N/A	N/A	$9.0M+50.0%	N/A	N/A
Capital Expenditures	$2.9B+21.5%	$3.0B+52.0%	$3.4B+55.1%	$3.1B+71.7%	$2.4B+32.6%	$2.0B+29.3%	$2.2B+37.4%	$1.8B+8.4%
Free Cash Flow	-$1.8B-37.3%	-$1.3B-38.0%	-$3.2B-107.9%	-$1.3B-2971.4%	-$1.3B-110.0%	-$960.0M-97.1%	-$1.6B-142.7%	-$42.0M-116.3%
Investing Cash Flow	-$2.9B-20.5%	-$3.0B-51.6%	-$3.5B-55.8%	-$3.1B-70.7%	-$2.4B-32.1%	-$2.0B-28.0%	-$2.2B-36.5%	-$1.8B-8.5%
Financing Cash Flow	$2.1B+23.7%	$2.8B+47.2%	$2.5B+1138.8%	$895.0M+22275.0%	$1.7B-3.7%	$1.9B+117.2%	$201.0M+3.1%	$4.0M-94.6%
Dividends Paid	$361.0M+13.2%	$347.0M+13.4%	$328.0M+7.9%	$329.0M+11.1%	$319.0M+8.1%	$306.0M+9.3%	$304.0M+9.4%	$296.0M+6.5%

Not reported in any period shown, so not listed: Share Buybacks.

XEL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

XEL quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	66.6%-0.5pp	67.1%+0.5pp	66.5%	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	17.0%-2.5pp	19.5%-0.7pp	20.2%+2.0pp	18.1%+1.5pp	16.7%-0.3pp	16.9%-1.1pp	18.0%+1.3pp	16.7%
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	10.9%+0.9pp	10.1%0.0pp	10.1%+1.2pp	8.9%+0.2pp	8.7%+0.1pp	8.7%-0.2pp	8.9%+1.0pp	7.9%
Return on Equity	8.6%-1.4pp	9.9%-0.1pp	10.1%-0.4pp	10.4%+0.2pp	10.2%+0.1pp	10.1%-0.3pp	10.4%0.0pp	10.3%+0.3pp	10.0%-0.2pp	10.2%+0.9pp	9.3%-0.7pp	10.0%+0.1pp	9.9%-0.3pp	10.2%+0.3pp	9.9%
Return on Assets	2.5%-0.3pp	2.8%0.0pp	2.8%-0.1pp	2.8%+0.1pp	2.8%0.0pp	2.7%0.0pp	2.7%0.0pp	2.7%+0.1pp	2.7%-0.1pp	2.7%+0.2pp	2.5%-0.2pp	2.8%0.0pp	2.8%-0.1pp	2.9%+0.1pp	2.9%
Current Ratio	0.710.0x	0.67-0.1x	0.72-0.1x	0.850.0x	0.84+0.1x	0.77+0.1x	0.680.0x	0.690.0x	0.73-0.1x	0.88+0.2x	0.68-0.1x	0.83-0.1x	0.880.0x	0.89+0.1x	0.83
Debt-to-Equity	1.35-0.1x	1.400.0x	1.410.0x	1.370.0x	1.400.0x	1.350.0x	1.310.0x	1.290.0x	1.270.0x	1.29+0.1x	1.170.0x	1.130.0x	1.140.0x	1.14+0.1x	1.04
Asset Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.250.0x	0.270.0x	0.270.0x	0.280.0x	0.320.0x	0.320.0x	0.330.0x	0.36
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-7.2%-6.2pp	-1.0%+0.3pp	-1.3%+4.6pp	-5.9%-1.2pp	-4.6%+2.8pp	-7.4%-27.2pp	19.8%-2.8pp	22.6%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Return on Equity	2.4%+0.3pp	2.3%-0.1pp	N/A	2.5%-1.1pp	2.1%+0.4pp	2.4%-0.3pp	N/A	3.5%-0.3pp
Return on Assets	0.7%+0.1pp	0.7%0.0pp	N/A	0.7%-0.3pp	0.6%+0.1pp	0.7%-0.1pp	N/A	1.0%-0.1pp
Current Ratio	0.70-0.3x	0.770.0x	0.710.0x	0.79-0.1x	0.960.0x	0.80-0.1x	0.67-0.1x	0.93+0.1x
Debt-to-Equity	1.490.0x	1.450.0x	1.35-0.1x	1.51+0.1x	1.48-0.1x	1.480.0x	1.400.0x	1.420.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.

Note: The current ratio is below 1.0 (0.71), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Xcel Energy, Inc. XEL	FY2025	N/A	$2.0B	N/A	$44.7B	—
Exelon Corporation EXC	FY2025	$24.3B	$2.8B	11.4%	$42.1B	51/100
Public Service Enterprise Group Incorporated PEG	FY2025	$12.2B	$2.1B	17.3%	$34.2B	63/100
Entergy Corporation ETR	FY2025	$12.9B	$1.8B	13.7%	$48.2B	47/100
WEC Energy Group, Inc. WEC	FY2025	$9.8B	$1.6B	15.9%	$33.0B	42/100
Dominion Energy, Inc D	FY2025	$16.5B	$3.0B	18.2%	$53.7B	36/100

Where Xcel Energy, Inc. Ranks

Frequently Asked Questions

Is Xcel Energy, Inc. profitable?

Yes, Xcel Energy, Inc. (XEL) reported a net income of $2.0B in fiscal year 2025.

What is Xcel Energy, Inc.'s EBITDA?

Xcel Energy, Inc. (XEL) had EBITDA of $5.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Xcel Energy, Inc. have?

As of fiscal year 2025, Xcel Energy, Inc. (XEL) had $274.0M in cash and equivalents against $31.8B in long-term debt.

Does Xcel Energy, Inc. pay dividends?

Yes, Xcel Energy, Inc. (XEL) paid $2.28 per share in dividends during fiscal year 2025.

What is Xcel Energy, Inc.'s return on equity (ROE)?

Xcel Energy, Inc. (XEL) has a return on equity of 8.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Xcel Energy, Inc.'s free cash flow?

Xcel Energy, Inc. (XEL) recorded an outflow of $6.8B in free cash flow during fiscal year 2025. This represents a -150.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Xcel Energy, Inc.'s operating cash flow?

Xcel Energy, Inc. (XEL) generated $4.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Xcel Energy, Inc.'s total assets?

Xcel Energy, Inc. (XEL) had $81.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Xcel Energy, Inc.'s capital expenditures?

Xcel Energy, Inc. (XEL) invested $10.9B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Xcel Energy, Inc. have outstanding?

Xcel Energy, Inc. (XEL) had 624M shares outstanding as of fiscal year 2025.

What is Xcel Energy, Inc.'s current ratio?

Xcel Energy, Inc. (XEL) had a current ratio of 0.71 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Xcel Energy, Inc.'s debt-to-equity ratio?

Xcel Energy, Inc. (XEL) had a debt-to-equity ratio of 1.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Xcel Energy, Inc.'s return on assets (ROA)?

Xcel Energy, Inc. (XEL) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Xcel Energy, Inc.'s P/E ratio?

Xcel Energy, Inc. (XEL) trades at 22.1x earnings, its market capitalization divided by net income of $2.0B net income, FY2025. The market capitalization is $44.7B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Xcel Energy, Inc.'s price-to-sales ratio?

Xcel Energy, Inc. (XEL) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $44.7B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Xcel Energy, Inc.'s Piotroski F-Score?

Xcel Energy, Inc. (XEL) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Xcel Energy, Inc.'s earnings high quality?

Xcel Energy, Inc. (XEL) has an earnings quality ratio of 2.02x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Xcel Energy, Inc. cover its interest payments?

Xcel Energy, Inc. (XEL) has an interest coverage ratio of 1.76x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.