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

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. While XEL is still in line with the averages on profitability rating, there are concerns on its financial health. XEL is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year XEL was profitable.
  • XEL had a positive operating cash flow in the past year.
  • 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

  • XEL has a worse Return On Assets (2.42%) than 69.57% of its industry peers.
  • XEL has a Return On Equity of 9.04%. This is in the lower half of the industry: XEL underperforms 63.04% of its industry peers.
  • XEL has a Return On Invested Capital of 2.84%. This is amonst the worse of the industry: XEL underperforms 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 4.58%.
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 has a Profit Margin of 13.46%. This is comparable 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 grown nicely.
  • 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.
  • With an excellent Gross Margin value of 92.94%, XEL belongs to the best of the industry, outperforming 95.65% of the companies in the same industry.
  • 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

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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.
  • 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

  • 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.
  • 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.
  • With a Debt to Equity ratio value of 1.64, XEL perfoms like the industry average, 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
WACC6.71%
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.
  • Looking at the Current ratio, with a value of 0.79, XEL is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • 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 of 0.69. This is comparable 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • XEL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.91%, which is quite good.
  • 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

  • The Earnings Per Share is expected to grow by 9.11% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 6.46% on average over the next years.
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

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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.
  • XEL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.93.
  • The Price/Forward Earnings ratio is 18.24, which indicates a rather expensive current valuation of XEL.
  • 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 27.77, 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 the industry average as 73.91% of the companies are valued more cheaply.
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 XEL does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.04
PEG (5Y)3.13
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%.
  • Compared to an average industry Dividend Yield of 2.92, XEL has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, 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.
  • 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

  • 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

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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%.