Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Xcel Energy Inc

XEL · Nasdaq · Utilities

Fundamental quality

DEMANDING

44

out of 100

Xcel Energy Inc is a mature, stable business: it earns money solidly (net margin 19.2%) but grows slowly (1.1% a year). On fundamental quality it scores 44 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its financial strength (net debt 6.55× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Xcel Energy is the utility of the Midwest and the Rockies (Minnesota, Colorado…), a renewable pioneer among American utilities: it was the first major one to commit to zero emissions. Prairie wind and Colorado sun, on classic regulated rates.

What will shape its future

  • The regulator-approved renewable transition, investment converted into rates.
  • Wildfires: lawsuits over sparks from its lines are the West's new risk.
  • Data-center demand arriving in its states, the growth it didn't expect.

Breakdown by area

I.Growth
39

EPS growth: 5.3% · Revenue growth: 1.1%

II.Profitability
71

Net margin: 19.2% · ROE: 9.3% · ROIC: 4.5%

III.Financial health
22

Net debt/EBITDA: 6.55x · FCF: -66.2%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its financial strength drags it down the most.

Versus its sector

Percentile against the other 24 Utilities companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 92%
ROEbeats 29%
Growthbeats 0%
Cash generationbeats 0%
Less debtbeats 19%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Xcel Energy Inc strengths

  • High net margin (19.2%), high even for its sector: the business is clearly profitable.

Xcel Energy Inc risks and weaknesses

  • Very high leverage (net debt of 6.55× EBITDA): more exposed to rates and to a rough patch.
  • Negative free cash flow: the business burns cash.
  • Its net debt has grown over the period.
  • Erratic free cash flow, with several years in the red.

Xcel Energy Inc historical evolution

YearRevenueNet incomeFree cash flowNet debt
201310,915948-81111,563
201411,6861,021-54011,420
201511,024984-64512,764
201611,1071,123-14314,360
201711,4041,148-11815,251
201811,5371,261-83517,100

Between 2013 and 2018, revenue went from $10,915M to $11,537M (+6%) and net income went from $948M to $1,261M (+33%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the nine months ended September 30, 2019, versus the nine months ended September 30, 2018 (SEC filings):

  • Revenue+0.9%
  • Net income+23.2%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score4344
  • Net margin18%19.2%
  • FCF margin-61.9%-66.2%
  • Net debt/EBITDA6.23×6.55×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$2.18

per share, yearly

63.5% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Xcel Energy Inc cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Xcel Energy Inc a good company to invest in?

In terms of business quality, Xcel Energy Inc scores 44 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Xcel Energy Inc a profitable company?

Yes. Xcel Energy Inc shows a net margin of 19.2% and an ROE of 9.3%, a sign of a profitable business.

Does Xcel Energy Inc have a lot of debt?

Yes, its leverage is high: net debt is 6.55 times its EBITDA, and it has been rising.

Is Xcel Energy Inc growing?

Its revenue has grown 1.1% annualized in recent years and its earnings per share 5.3%.

Does Xcel Energy Inc generate cash?

Over the last twelve months its free cash flow was negative.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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