XCEL ENERGY INC (XEL) Stock Fundamental Analysis

NASDAQ:XEL • US98389B1008

81.03 USD
+0.21 (+0.26%)
Last: Feb 20, 2026, 11:03 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to XEL. XEL was compared to 46 industry peers in the Electric Utilities industry. There are concerns on the financial health of XEL while its profitability can be described as average. XEL is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • XEL had positive earnings in the past year.
  • In the past year XEL had a positive cash flow from operations.
  • XEL had positive earnings in each of the past 5 years.
  • XEL had a positive operating cash flow in 4 of the past 5 years.
XEL Yearly Net Income VS EBIT VS OCF VS FCFXEL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B

1.2 Ratios

  • XEL's Return On Assets of 2.42% is on the low side compared to the rest of the industry. XEL is outperformed by 67.39% of its industry peers.
  • Looking at the Return On Equity, with a value of 9.04%, XEL is doing worse than 63.04% of the companies in the same industry.
  • With a Return On Invested Capital value of 2.84%, XEL is not doing good in the industry: 84.78% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 2.42%
ROE 9.04%
ROIC 2.84%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
XEL Yearly ROA, ROE, ROICXEL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • XEL's Profit Margin of 13.46% is in line compared to the rest of the industry. XEL outperforms 47.83% of its industry peers.
  • In the last couple of years the Profit Margin of XEL has remained more or less at the same level.
  • XEL has a worse Operating Margin (18.53%) than 65.22% of its industry peers.
  • XEL's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of XEL (92.94%) is better than 95.65% of its industry peers.
  • In the last couple of years the Gross Margin of XEL has remained more or less at the same level.
Industry RankSector Rank
OM 18.53%
PM (TTM) 13.46%
GM 92.94%
OM growth 3Y7.36%
OM growth 5Y1.34%
PM growth 3Y6.66%
PM growth 5Y1.48%
GM growth 3Y2.09%
GM growth 5Y-0.19%
XEL Yearly Profit, Operating, Gross MarginsXEL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so XEL is destroying value.
  • There is no outstanding debt for XEL. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
XEL Yearly Shares OutstandingXEL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
XEL Yearly Total Debt VS Total AssetsXEL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

  • Based on the Altman-Z score of 0.92, we must say that XEL is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.92, XEL is in line with its industry, outperforming 56.52% of the companies in the same industry.
  • A Debt/Equity ratio of 1.64 is on the high side and indicates that XEL has dependencies on debt financing.
  • XEL has a Debt to Equity ratio (1.64) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF N/A
Altman-Z 0.92
ROIC/WACC0.42
WACC6.71%
XEL Yearly LT Debt VS Equity VS FCFXEL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B

2.3 Liquidity

  • XEL has a Current Ratio of 0.79. This is a bad value and indicates that XEL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • XEL has a Current ratio (0.79) which is in line with its industry peers.
  • A Quick Ratio of 0.69 indicates that XEL may have some problems paying its short term obligations.
  • XEL has a Quick ratio (0.69) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.79
Quick Ratio 0.69
XEL Yearly Current Assets VS Current LiabilitesXEL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • XEL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.62%, which is quite good.
  • The Earnings Per Share has been growing slightly by 6.34% on average over the past years.
  • Looking at the last year, XEL shows a quite strong growth in Revenue. The Revenue has grown by 9.14% in the last year.
  • The Revenue has been growing slightly by 4.94% on average over the past years.
EPS 1Y (TTM)8.62%
EPS 3Y6.04%
EPS 5Y6.34%
EPS Q2Q%17.28%
Revenue 1Y (TTM)9.14%
Revenue growth 3Y-1.42%
Revenue growth 5Y4.94%
Sales Q2Q%14.13%

3.2 Future

  • XEL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.22% yearly.
  • The Revenue is expected to grow by 6.64% on average over the next years.
EPS Next Y10.1%
EPS Next 2Y10%
EPS Next 3Y9.24%
EPS Next 5Y9.22%
Revenue Next Year7.53%
Revenue Next 2Y7.62%
Revenue Next 3Y6.28%
Revenue Next 5Y6.64%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
XEL Yearly Revenue VS EstimatesXEL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
XEL Yearly EPS VS EstimatesXEL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4 5

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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 21.44, the valuation of XEL can be described as rather expensive.
  • Based on the Price/Earnings ratio, XEL is valued a bit more expensive than the industry average as 60.87% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 27.09. XEL is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 19.47 indicates a rather expensive valuation of XEL.
  • XEL's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of XEL to the average of the S&P500 Index (27.98), we can say XEL is valued slightly cheaper.
Industry RankSector Rank
PE 21.44
Fwd PE 19.47
XEL Price Earnings VS Forward Price EarningsXEL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • XEL's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. XEL is more expensive than 69.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.11
XEL Per share dataXEL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates XEL does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.12
PEG (5Y)3.38
EPS Next 2Y10%
EPS Next 3Y9.24%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.07%, XEL has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.81, XEL has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.85, XEL pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.07%

5.2 History

  • The dividend of XEL is nicely growing with an annual growth rate of 6.45%!
  • XEL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of XEL decreased recently.
Dividend Growth(5Y)6.45%
Div Incr Years1
Div Non Decr Years1
XEL Yearly Dividends per shareXEL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

  • 65.69% of the earnings are spent on dividend by XEL. This is not a sustainable payout ratio.
  • The dividend of XEL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP65.69%
EPS Next 2Y10%
EPS Next 3Y9.24%
XEL Yearly Income VS Free CF VS DividendXEL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B -2B
XEL Dividend Payout.XEL Dividend Payout, showing the Payout Ratio.XEL Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

XCEL ENERGY INC

NASDAQ:XEL (2/20/2026, 11:03:09 AM)

81.03

+0.21 (+0.26%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-05
Earnings (Next)04-22
Inst Owners95.29%
Inst Owner Change1.88%
Ins Owners0.14%
Ins Owner Change-0.88%
Market Cap47.93B
Revenue(TTM)14.67B
Net Income(TTM)1.92B
Analysts83.48
Price Target89.27 (10.17%)
Short Float %4.03%
Short Ratio4.21
Dividend
Industry RankSector Rank
Dividend Yield 3.07%
Yearly Dividend2.08
Dividend Growth(5Y)6.45%
DP65.69%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.85%
Min EPS beat(2)-6.97%
Max EPS beat(2)14.67%
EPS beat(4)1
Avg EPS beat(4)-2.52%
Min EPS beat(4)-9.55%
Max EPS beat(4)14.67%
EPS beat(8)3
Avg EPS beat(8)-0.53%
EPS beat(12)5
Avg EPS beat(12)-1.25%
EPS beat(16)6
Avg EPS beat(16)-1.19%
Revenue beat(2)1
Avg Revenue beat(2)0.5%
Min Revenue beat(2)-0.38%
Max Revenue beat(2)1.39%
Revenue beat(4)1
Avg Revenue beat(4)-4.7%
Min Revenue beat(4)-18.13%
Max Revenue beat(4)1.39%
Revenue beat(8)1
Avg Revenue beat(8)-7.88%
Revenue beat(12)3
Avg Revenue beat(12)-4.13%
Revenue beat(16)7
Avg Revenue beat(16)-0.72%
PT rev (1m)0.66%
PT rev (3m)1.99%
EPS NQ rev (1m)-0.99%
EPS NQ rev (3m)-1.98%
EPS NY rev (1m)-0.11%
EPS NY rev (3m)0.02%
Revenue NQ rev (1m)-0.38%
Revenue NQ rev (3m)-1.16%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)1%
Valuation
Industry RankSector Rank
PE 21.44
Fwd PE 19.47
P/S 3.37
P/FCF N/A
P/OCF 10.56
P/B 2.26
P/tB 2.26
EV/EBITDA 14.11
EPS(TTM)3.78
EY4.66%
EPS(NY)4.16
Fwd EY5.14%
FCF(TTM)-8.7
FCFYN/A
OCF(TTM)7.67
OCFY9.47%
SpS24.05
BVpS35.81
TBVpS35.81
PEG (NY)2.12
PEG (5Y)3.38
Graham Number55.18
Profitability
Industry RankSector Rank
ROA 2.42%
ROE 9.04%
ROCE 3.66%
ROIC 2.84%
ROICexc 2.88%
ROICexgc 2.88%
OM 18.53%
PM (TTM) 13.46%
GM 92.94%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y7.36%
OM growth 5Y1.34%
PM growth 3Y6.66%
PM growth 5Y1.48%
GM growth 3Y2.09%
GM growth 5Y-0.19%
F-Score5
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF N/A
Debt/EBITDA 6.1
Cap/Depr 318.86%
Cap/Sales 68.08%
Interest Coverage 2.25
Cash Conversion 79.96%
Profit Quality N/A
Current Ratio 0.79
Quick Ratio 0.69
Altman-Z 0.92
F-Score5
WACC6.71%
ROIC/WACC0.42
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.62%
EPS 3Y6.04%
EPS 5Y6.34%
EPS Q2Q%17.28%
EPS Next Y10.1%
EPS Next 2Y10%
EPS Next 3Y9.24%
EPS Next 5Y9.22%
Revenue 1Y (TTM)9.14%
Revenue growth 3Y-1.42%
Revenue growth 5Y4.94%
Sales Q2Q%14.13%
Revenue Next Year7.53%
Revenue Next 2Y7.62%
Revenue Next 3Y6.28%
Revenue Next 5Y6.64%
EBIT growth 1Y-1.86%
EBIT growth 3Y5.84%
EBIT growth 5Y6.35%
EBIT Next Year119.59%
EBIT Next 3Y38.19%
EBIT Next 5Y25.66%
FCF growth 1Y-184.47%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-8.34%
OCF growth 3YN/A
OCF growth 5YN/A

XCEL ENERGY INC / XEL FAQ

Can you provide the ChartMill fundamental rating for XCEL ENERGY INC?

ChartMill assigns a fundamental rating of 3 / 10 to XEL.


What is the valuation status for XEL stock?

ChartMill assigns a valuation rating of 2 / 10 to XCEL ENERGY INC (XEL). This can be considered as Overvalued.


What is the profitability of XEL stock?

XCEL ENERGY INC (XEL) has a profitability rating of 4 / 10.


What is the financial health of XCEL ENERGY INC (XEL) stock?

The financial health rating of XCEL ENERGY INC (XEL) is 1 / 10.


Is the dividend of XCEL ENERGY INC sustainable?

The dividend rating of XCEL ENERGY INC (XEL) is 5 / 10 and the dividend payout ratio is 65.69%.