XCEL ENERGY INC (XEL) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:XEL • US98389B1008

76.2 USD
+0.25 (+0.33%)
At close: Feb 4, 2026
77.78 USD
+1.58 (+2.07%)
After Hours: 2/4/2026, 8:00:03 PM
Fundamental Rating

3

Overall XEL gets a fundamental rating of 3 out of 10. We evaluated XEL 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.
  • Each year in the past 5 years XEL has been profitable.
  • In the past 5 years XEL always reported a positive cash flow from operatings.
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

  • The Return On Assets of XEL (2.42%) is worse than 69.57% of its industry peers.
  • The Return On Equity of XEL (9.04%) is worse than 65.22% of its industry peers.
  • XEL has a worse Return On Invested Capital (2.84%) than 84.78% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for XEL is in line with the industry average of 4.57%.
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

  • Looking at the Profit Margin, with a value of 13.46%, XEL is in line with its industry, outperforming 47.83% of the companies in the same industry.
  • In the last couple of years the Profit Margin of XEL has grown nicely.
  • XEL's Operating Margin of 18.53% is on the low side compared to the rest of the industry. XEL is outperformed by 65.22% of its industry peers.
  • XEL's Operating Margin has been stable in the last couple of years.
  • XEL has a Gross Margin of 92.94%. This is amongst the best in the industry. XEL outperforms 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 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

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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.
  • 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
  • XEL has a worse debt/assets ratio than last year.
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

  • XEL has an Altman-Z score of 0.89. This is a bad value and indicates that XEL is not financially healthy and even 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.
  • Looking at the Debt to Equity ratio, with a value of 1.64, XEL is in line with its industry, outperforming 41.30% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF N/A
Altman-Z 0.89
ROIC/WACC0.42
WACC6.75%
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.
  • A Quick Ratio of 0.69 indicates that XEL may have some problems paying its short term obligations.
  • XEL's Quick ratio of 0.69 is in line compared to the rest of the industry. XEL outperforms 54.35% of 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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5

3. Growth

3.1 Past

  • XEL shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.82%.
  • The Earnings Per Share has been growing slightly by 5.68% on average over the past years.
  • XEL shows a small growth in Revenue. In the last year, the Revenue has grown by 3.38%.
  • Measured over the past years, XEL shows a small growth in Revenue. The Revenue has been growing by 3.12% on average per year.
EPS 1Y (TTM)2.82%
EPS 3Y5.54%
EPS 5Y5.68%
EPS Q2Q%-0.8%
Revenue 1Y (TTM)3.38%
Revenue growth 3Y0.02%
Revenue growth 5Y3.12%
Sales Q2Q%7.44%

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 8.86% yearly.
  • The Revenue is expected to grow by 5.80% on average over the next years.
EPS Next Y10.74%
EPS Next 2Y9.39%
EPS Next 3Y9.44%
EPS Next 5Y8.86%
Revenue Next Year3.2%
Revenue Next 2Y5.34%
Revenue Next 3Y6.12%
Revenue Next 5Y5.8%

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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1

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 20.93 indicates a rather expensive valuation of XEL.
  • Based on the Price/Earnings ratio, XEL is valued a bit more expensive than 65.22% of the companies in the same industry.
  • XEL is valuated rather cheaply when we compare the Price/Earnings ratio to 28.25, which is the current average of the S&P500 Index.
  • XEL is valuated rather expensively with a Price/Forward Earnings ratio of 18.30.
  • XEL's Price/Forward Earnings is on the same level as the industry average.
  • XEL's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.50.
Industry RankSector Rank
PE 20.93
Fwd PE 18.3
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 13.61
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)1.95
PEG (5Y)3.69
EPS Next 2Y9.39%
EPS Next 3Y9.44%

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5

5. Dividend

5.1 Amount

  • XEL has a Yearly Dividend Yield of 3.07%.
  • Compared to an average industry Dividend Yield of 2.90, XEL has a dividend in line with its industry peers.
  • 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 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.
  • XEL has decreased its dividend 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

  • XEL pays out 65.69% of its income as dividend. 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 2Y9.39%
EPS Next 3Y9.44%
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

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XCEL ENERGY INC

NASDAQ:XEL (2/4/2026, 8:00:03 PM)

After market: 77.78 +1.58 (+2.07%)

76.2

+0.25 (+0.33%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)10-30
Earnings (Next)02-05
Inst Owners95.29%
Inst Owner Change-0.02%
Ins Owners0.14%
Ins Owner Change-0.83%
Market Cap45.08B
Revenue(TTM)14.23B
Net Income(TTM)1.92B
Analysts82.61
Price Target89.51 (17.47%)
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)0.93%
PT rev (3m)2.26%
EPS NQ rev (1m)-1.18%
EPS NQ rev (3m)6.79%
EPS NY rev (1m)-0.1%
EPS NY rev (3m)-0.06%
Revenue NQ rev (1m)0.93%
Revenue NQ rev (3m)1.74%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.26%
Valuation
Industry RankSector Rank
PE 20.93
Fwd PE 18.3
P/S 3.17
P/FCF N/A
P/OCF 9.93
P/B 2.13
P/tB 2.13
EV/EBITDA 13.61
EPS(TTM)3.64
EY4.78%
EPS(NY)4.16
Fwd EY5.46%
FCF(TTM)-8.7
FCFYN/A
OCF(TTM)7.67
OCFY10.07%
SpS24.05
BVpS35.81
TBVpS35.81
PEG (NY)1.95
PEG (5Y)3.69
Graham Number54.15
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
WACC6.75%
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)2.82%
EPS 3Y5.54%
EPS 5Y5.68%
EPS Q2Q%-0.8%
EPS Next Y10.74%
EPS Next 2Y9.39%
EPS Next 3Y9.44%
EPS Next 5Y8.86%
Revenue 1Y (TTM)3.38%
Revenue growth 3Y0.02%
Revenue growth 5Y3.12%
Sales Q2Q%7.44%
Revenue Next Year3.2%
Revenue Next 2Y5.34%
Revenue Next 3Y6.12%
Revenue Next 5Y5.8%
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 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%.