XCEL ENERGY INC (XEL) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:XEL • US98389B1008

75.9 USD
-0.22 (-0.29%)
At close: Feb 6, 2026
75.23 USD
-0.67 (-0.88%)
After Hours: 2/6/2026, 8:12:00 PM
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. While XEL is still in line with the averages on profitability rating, there are concerns on its financial health. XEL has a expensive valuation and it also scores bad on growth.


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.
  • Of the past 5 years XEL 4 years were profitable.
  • 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 0 2B -2B 4B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.42%, XEL is doing worse than 69.57% of the companies in the same industry.
  • XEL has a worse Return On Equity (9.04%) than 63.04% of its industry peers.
  • The Return On Invested Capital of XEL (2.84%) is worse than 84.78% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for XEL is in line with the industry average of 4.58%.
Industry RankSector Rank
ROA 2.42%
ROE 9.04%
ROIC 2.84%
ROA(3y)2.79%
ROA(5y)2.77%
ROE(3y)10.13%
ROE(5y)10.14%
ROIC(3y)3.27%
ROIC(5y)3.27%
XEL Yearly ROA, ROE, ROICXEL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 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.
  • XEL's Profit Margin has improved in the last couple of years.
  • XEL has a worse Operating Margin (18.53%) than 65.22% of its industry peers.
  • 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 3Y2.67%
OM growth 5Y-0.62%
PM growth 3Y6.6%
PM growth 5Y3.89%
GM growth 3Y0.42%
GM growth 5Y0.25%
XEL Yearly Profit, Operating, Gross MarginsXEL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • XEL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • XEL has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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.
  • With a Altman-Z score value of 0.89, XEL perfoms like the industry average, outperforming 56.52% of the companies in the same industry.
  • 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 (1.64) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF N/A
Altman-Z 0.89
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

  • A Current Ratio of 0.79 indicates that XEL may have some problems paying its short term obligations.
  • XEL's Current ratio of 0.79 is in line compared to the rest of the industry. XEL outperforms 50.00% of its industry peers.
  • XEL has a Quick 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 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

More info and screens

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

3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 8.91% over the past year.
  • XEL shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.39% yearly.
EPS 1Y (TTM)8.91%
EPS 3Y6.14%
EPS 5Y6.39%
EPS Q2Q%18.52%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
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

  • The EPS 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

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 20.03, which indicates a rather expensive current valuation of XEL.
  • XEL's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of XEL to the average of the S&P500 Index (27.93), we can say XEL is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 18.24, XEL is valued on the expensive side.
  • XEL's Price/Forward Earnings is on the same level as the industry average.
  • XEL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.77, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 20.03
Fwd PE 18.24
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

  • Based on the Enterprise Value to EBITDA ratio, XEL is valued a bit more expensive than 73.91% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.6
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)2.04
PEG (5Y)3.13
EPS Next 2Y9.85%
EPS Next 3Y9.14%

More info and screens

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%. Purely for dividend investing, there may be better candidates out there.
  • 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 1.81.
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 paid a dividend for at least 10 years, which is 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 0 1B -1B -2B
XEL Dividend Payout.XEL Dividend Payout, showing the Payout Ratio.XEL Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

XCEL ENERGY INC

NASDAQ:XEL (2/6/2026, 8:12:00 PM)

After market: 75.23 -0.67 (-0.88%)

75.9

-0.22 (-0.29%)

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 Cap44.90B
Revenue(TTM)N/A
Net Income(TTM)1.92B
Analysts82.61
Price Target89.27 (17.62%)
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 20.03
Fwd PE 18.24
P/S 3.16
P/FCF N/A
P/OCF 9.89
P/B 2.12
P/tB 2.12
EV/EBITDA 13.6
EPS(TTM)3.79
EY4.99%
EPS(NY)4.16
Fwd EY5.48%
FCF(TTM)-8.7
FCFYN/A
OCF(TTM)7.67
OCFY10.11%
SpS24.05
BVpS35.81
TBVpS35.81
PEG (NY)2.04
PEG (5Y)3.13
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)2.79%
ROA(5y)2.77%
ROE(3y)10.13%
ROE(5y)10.14%
ROIC(3y)3.27%
ROIC(5y)3.27%
ROICexc(3y)3.28%
ROICexc(5y)3.28%
ROICexgc(3y)3.28%
ROICexgc(5y)3.28%
ROCE(3y)4.2%
ROCE(5y)4.2%
ROICexgc growth 3Y-3.22%
ROICexgc growth 5Y-4%
ROICexc growth 3Y-3.22%
ROICexc growth 5Y-4%
OM growth 3Y2.67%
OM growth 5Y-0.62%
PM growth 3Y6.6%
PM growth 5Y3.89%
GM growth 3Y0.42%
GM growth 5Y0.25%
F-Score4
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-Score4
WACC6.71%
ROIC/WACC0.42
Cap/Depr(3y)221.93%
Cap/Depr(5y)222.34%
Cap/Sales(3y)42.1%
Cap/Sales(5y)40.89%
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)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
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 3Y2.7%
EBIT growth 5Y2.48%
EBIT Next Year110.84%
EBIT Next 3Y40.58%
EBIT Next 5Y26.07%
FCF growth 1Y-1083.68%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-11.33%
OCF growth 3Y28.47%
OCF growth 5Y7.3%

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%.