Xcel Energy (XEL) EBITDA Margin (2009 - 2026)
Xcel Energy (XEL) reported EBITDA Margin of 43.70% for Q2 2026, up 4.03 percentage points from 39.67% a year earlier and up 5.87 percentage points from the prior quarter.
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Analysis
Xcel Energy (XEL) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Xcel Energy's EBITDA Margin came in at 39.14%, up 0.65 percentage points year-over-year; for FY2025, it came in at 37.84%, down 0.51 percentage points from FY2024.
- EBITDA Margin has a five-year change of +2.49 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at 38.35% in FY2024 (+3.49 pp), 34.86% in FY2023 (+3.09 pp), 31.77% in FY2022 (-0.59 pp) and 32.36% in FY2021 (-3.00 pp).
- The Q2 2026 figure ranks as the highest quarterly EBITDA Margin since Q3 2024.
- Year over year, EBITDA Margin has now increased in each of the last three quarters, with an average year-over-year change of +0.62 percentage points over the last eight quarters.
- The high point for year-over-year EBITDA Margin in five years was Q4 2023 (a gain of 7.38 percentage points); the low point was Q3 2025 (a drop of 5.38 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 37.83% (Q1 2026), 37.41% (Q4 2025) and 38.42% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | 21.47% |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | 22.66% |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | 43.70% |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | 39.65% |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | 42.21% |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | 45.92% |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | 59.37% |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | 57.71% |
| 10 | Dte Energy | 25.14 Bn | 24.62 Bn | - | 28.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.70% |
| Mar 31, 2026 | 37.83% |
| Dec 31, 2025 | 37.41% |
| Sep 30, 2025 | 38.42% |
| Jun 30, 2025 | 39.67% |
| Mar 31, 2025 | 36.12% |
| Dec 31, 2024 | 34.01% |
| Sep 30, 2024 | 43.80% |
| Jun 30, 2024 | 38.14% |
| Mar 31, 2024 | 36.80% |
| Dec 31, 2023 | 35.50% |
| Sep 30, 2023 | 41.97% |
| Jun 30, 2023 | 32.73% |
| Mar 31, 2023 | 29.51% |
| Dec 31, 2022 | 28.13% |
| Sep 30, 2022 | 37.60% |
| Jun 30, 2022 | 32.48% |
| Mar 31, 2022 | 28.71% |
| Dec 31, 2021 | 32.98% |
| Sep 30, 2021 | 39.78% |
API Access
Xcel Energy EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=XEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "XEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=XEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();