XCEL ENERGY INC (XEL) Fundamental Analysis & Valuation

NASDAQ:XEL • US98389B1008

82.52 USD
+0.14 (+0.17%)
At close: Mar 6, 2026
82.52 USD
0 (0%)
After Hours: 3/6/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This XEL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, XEL scores 3 out of 10 in our fundamental rating. 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. While showing a medium growth rate, XEL is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

4

1. XEL Profitability Analysis

1.1 Basic Checks

  • XEL had positive earnings in the past year.
  • In the past year XEL had a positive cash flow from operations.
  • In the past 5 years XEL has always been profitable.
  • Each year in the past 5 years XEL 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 -4B -6B

1.2 Ratios

  • The Return On Assets of XEL (2.42%) is worse than 67.39% of its industry peers.
  • XEL has a Return On Equity of 9.04%. This is in the lower half of the industry: XEL underperforms 65.22% of its industry peers.
  • XEL has a worse Return On Invested Capital (2.84%) 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

  • XEL has a Profit Margin (13.46%) which is in line with 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 Operating Margin of 18.53%. This is in the lower half of the industry: XEL underperforms 63.04% of its industry peers.
  • In the last couple of years the Operating Margin of XEL has remained more or less at the same level.
  • XEL has a better Gross Margin (92.94%) 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. XEL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so XEL is destroying value.
  • The number of shares outstanding for XEL has been increased compared to 1 year ago.
  • Compared to 5 years ago, XEL has more shares outstanding
  • Compared to 1 year ago, XEL has a worse debt to assets ratio.
XEL Yearly Shares OutstandingXEL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
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 2025 20B 40B 60B 80B

2.2 Solvency

  • XEL has an Altman-Z score of 0.93. This is a bad value and indicates that XEL is not financially healthy and even has some risk of bankruptcy.
  • XEL has a Altman-Z score of 0.93. This is comparable to the rest of the industry: XEL outperforms 56.52% of its industry peers.
  • 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 in line with its industry peers.
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF N/A
Altman-Z 0.93
ROIC/WACC0.42
WACC6.77%
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 2025 0 10B 20B 30B

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 comparable to the rest of the industry.
  • 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 2025 2B 4B 6B

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

5

3. XEL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 8.62% over the past year.
  • XEL shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.34% yearly.
  • The Revenue has grown by 9.14% in the past year. This is quite good.
  • 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)8.62%
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

  • The Earnings Per Share is expected to grow by 9.22% on average over the next years. This is quite good.
  • 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 Year6.61%
Revenue Next 2Y7.4%
Revenue Next 3Y7.74%
Revenue Next 5Y6.64%

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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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. XEL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 21.83, the valuation of XEL can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of XEL indicates a slightly more expensive valuation: XEL is more expensive than 65.22% of the companies listed in the same industry.
  • XEL's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.29.
  • With a Price/Forward Earnings ratio of 19.83, XEL is valued on the expensive side.
  • XEL's Price/Forward Earnings is on the same level as the industry average.
  • XEL is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.83
Fwd PE 19.83
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

  • 67.39% 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 14.28
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)2.16
PEG (5Y)3.44
EPS Next 2Y10%
EPS Next 3Y9.24%

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

5

5. XEL Dividend Analysis

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 3.14.
  • XEL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.07%

5.2 History

  • The dividend of XEL has a limited annual growth rate of 5.83%.
  • XEL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • XEL has decreased its dividend recently.
Dividend Growth(5Y)5.83%
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 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • XEL pays out 65.69% of its income as dividend. This is not a sustainable payout ratio.
  • XEL's earnings are growing more than its dividend. This makes the dividend growth 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 2B -2B -4B -6B
XEL Dividend Payout.XEL Dividend Payout, showing the Payout Ratio.XEL Dividend Payout.PayoutRetained Earnings

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XEL Fundamentals: All Metrics, Ratios and Statistics

XCEL ENERGY INC

NASDAQ:XEL (3/6/2026, 8:00:02 PM)

After market: 82.52 0 (0%)

82.52

+0.14 (+0.17%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-05
Earnings (Next)04-22
Inst Owners92.13%
Inst Owner Change2.4%
Ins Owners0.15%
Ins Owner Change4.19%
Market Cap51.48B
Revenue(TTM)14.67B
Net Income(TTM)1.92B
Analysts84.35
Price Target90.35 (9.49%)
Short Float %4.55%
Short Ratio4.89
Dividend
Industry RankSector Rank
Dividend Yield 3.07%
Yearly Dividend2.14
Dividend Growth(5Y)5.83%
DP65.69%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-13
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)0.94%
PT rev (3m)0.39%
EPS NQ rev (1m)0.19%
EPS NQ rev (3m)-0.1%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)0.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.41%
Revenue NY rev (1m)-0.86%
Revenue NY rev (3m)0.14%
Valuation
Industry RankSector Rank
PE 21.83
Fwd PE 19.83
P/S 3.43
P/FCF N/A
P/OCF 10.76
P/B 2.3
P/tB 2.3
EV/EBITDA 14.28
EPS(TTM)3.78
EY4.58%
EPS(NY)4.16
Fwd EY5.04%
FCF(TTM)-8.7
FCFYN/A
OCF(TTM)7.67
OCFY9.3%
SpS24.05
BVpS35.81
TBVpS35.81
PEG (NY)2.16
PEG (5Y)3.44
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 0.93
F-Score5
WACC6.77%
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 Year6.61%
Revenue Next 2Y7.4%
Revenue Next 3Y7.74%
Revenue Next 5Y6.64%
EBIT growth 1Y-1.86%
EBIT growth 3Y5.84%
EBIT growth 5Y6.35%
EBIT Next Year119.74%
EBIT Next 3Y42.88%
EBIT Next 5Y25.7%
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 1 / 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%.