XCEL ENERGY INC (XEL) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:XEL • US98389B1008

77.5 USD
+1.07 (+1.4%)
At close: Feb 10, 2026
77.68 USD
+0.18 (+0.23%)
After Hours: 2/10/2026, 5:20:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

XEL gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 46 industry peers in the Electric Utilities industry. While XEL is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, XEL is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year XEL was profitable.
  • In the past year XEL had a positive cash flow from operations.
  • In the past 5 years XEL has always been profitable.
  • Of the past 5 years XEL 4 years had a positive operating cash flow.
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 has a Return On Assets of 2.42%. This is in the lower half of the industry: XEL underperforms 69.57% 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.
  • The Return On Invested Capital of XEL (2.84%) is worse than 84.78% of its industry peers.
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

  • The Profit Margin of XEL (13.46%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of XEL has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 18.53%, XEL is doing worse than 65.22% of the companies in the same industry.
  • In the last couple of years the Operating Margin of XEL has remained more or less at the same level.
  • The Gross Margin of XEL (92.94%) is better than 95.65% of its industry peers.
  • XEL's Gross Margin has been stable in the last couple of years.
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 0.89, we must say that XEL is in the distress zone and has some risk of bankruptcy.
  • XEL's Altman-Z score of 0.89 is in line compared to the rest of the industry. XEL outperforms 56.52% of its industry peers.
  • XEL has a Debt/Equity ratio of 1.64. This is a high value indicating a heavy dependency on external financing.
  • XEL has a Debt to Equity ratio of 1.64. This is comparable to the rest of the industry: XEL outperforms 41.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF N/A
Altman-Z 0.89
ROIC/WACC0.42
WACC6.73%
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

  • A Current Ratio of 0.79 indicates that XEL may have some problems paying 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 comparable to the rest of the industry.
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

  • The Earnings Per Share has grown by an nice 8.91% over the past year.
  • The Earnings Per Share has been growing slightly by 6.39% on average over the past years.
  • XEL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.14%.
  • Measured over the past years, XEL shows a small growth in Revenue. The Revenue has been growing by 4.94% on average per year.
EPS 1Y (TTM)8.91%
EPS 3Y6.14%
EPS 5Y6.39%
EPS Q2Q%18.52%
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 9.11% yearly.
  • Based on estimates for the next years, XEL will show a small growth in Revenue. The Revenue will grow by 6.46% on average per year.
EPS Next Y9.81%
EPS Next 2Y9.85%
EPS Next 3Y9.14%
EPS Next 5Y9.11%
Revenue Next Year7.53%
Revenue Next 2Y7.62%
Revenue Next 3Y6.28%
Revenue Next 5Y6.46%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 20.45, XEL is valued on the expensive side.
  • XEL's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 28.06, XEL is valued a bit cheaper.
  • XEL is valuated rather expensively with a Price/Forward Earnings ratio of 18.62.
  • XEL's Price/Forward Earnings ratio is in line with the industry average.
  • XEL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.86, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 20.45
Fwd PE 18.62
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

  • 73.91% of the companies in the same industry are cheaper than XEL, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.66
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 an expensive valuation of the company.
PEG (NY)2.08
PEG (5Y)3.2
EPS Next 2Y9.85%
EPS Next 3Y9.14%

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

5

5. Dividend

5.1 Amount

  • XEL has a Yearly Dividend Yield of 3.07%.
  • XEL's Dividend Yield is comparable with the industry average which is at 2.92.
  • XEL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
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 2Y9.85%
EPS Next 3Y9.14%
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 (2/10/2026, 5:20:02 PM)

After market: 77.68 +0.18 (+0.23%)

77.5

+1.07 (+1.4%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-05
Earnings (Next)04-22
Inst Owners95.29%
Inst Owner Change-0.05%
Ins Owners0.14%
Ins Owner Change-0.83%
Market Cap45.84B
Revenue(TTM)14.67B
Net Income(TTM)1.92B
Analysts82.61
Price Target89.27 (15.19%)
Short Float %4.24%
Short Ratio4.7
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)-1.18%
EPS NQ rev (3m)-2.17%
EPS NY rev (1m)-0.43%
EPS NY rev (3m)-0.39%
Revenue NQ rev (1m)0.93%
Revenue NQ rev (3m)-1.16%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.8%
Valuation
Industry RankSector Rank
PE 20.45
Fwd PE 18.62
P/S 3.22
P/FCF N/A
P/OCF 10.1
P/B 2.16
P/tB 2.16
EV/EBITDA 13.66
EPS(TTM)3.79
EY4.89%
EPS(NY)4.16
Fwd EY5.37%
FCF(TTM)-8.7
FCFYN/A
OCF(TTM)7.67
OCFY9.9%
SpS24.05
BVpS35.81
TBVpS35.81
PEG (NY)2.08
PEG (5Y)3.2
Graham Number55.26
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 0.89
F-Score5
WACC6.73%
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)8.91%
EPS 3Y6.14%
EPS 5Y6.39%
EPS Q2Q%18.52%
EPS Next Y9.81%
EPS Next 2Y9.85%
EPS Next 3Y9.14%
EPS Next 5Y9.11%
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 5Y6.46%
EBIT growth 1Y-1.86%
EBIT growth 3Y5.84%
EBIT growth 5Y6.35%
EBIT Next Year119.59%
EBIT Next 3Y38.19%
EBIT Next 5Y25.5%
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%.