Xcel Energy (XEL) Gross Margin (2009 - 2026)
Xcel Energy's (XEL) quarterly Gross Margin came in at 99.94% in Q2 2026, down 3.0% year-over-year from 103.03% in Q2 2025, and little changed quarter-over-quarter from 99.93% in Q1 2026.
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Xcel Energy (XEL) Gross Margin (2009 - 2026) Analysis & Trends
Xcel Energy has disclosed Gross Margin across 18 years of filings, most recently posting 99.94% for Q2 2026.
- In Q2 2026, Gross Margin fell 3.0% year-over-year to 99.94%; the TTM figure through Jun 2026 stood at 99.91% (down 3.0% YoY), while the FY2025 annual figure was 99.93%, up 3.0% from the prior year.
- Gross Margin came in at 99.94% for Q2 2026 at Xcel Energy, roughly flat from 99.93% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 99.97% in Q2 2025 to a low of 99.62% in Q3 2023.
- Average Gross Margin over 5 years is 99.81%, with a median of 99.83% recorded in 2025.
- Year-over-year, Gross Margin dropped 11 bps in 2023 and surged 33 bps in 2024.
- Over 5 years, Gross Margin stood at 99.7% in 2022, then fell by 0 bps to 99.65% in 2023, then gained by 0 bps to 99.94% in 2024, then decreased by 0 bps to 99.92% in 2025, then climbed by 0 bps to 99.94% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 99.94% in Q2 2026, 99.93% in Q1 2026, and 99.92% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 307.79 Bn | 307.79 Bn | 890.00 Mn | 39.24% |
| 2 | Dominion Energy | 57.93 Bn | 61.83 Bn | 3.50 Bn | 78.04% |
| 3 | Xcel Energy | 47.28 Bn | 45.27 Bn | 3.12 Bn | 99.94% |
| 4 | Wec Energy | 34.52 Bn | 34.88 Bn | 1.45 Bn | 70.07% |
| 5 | Ameren | 29.47 Bn | 29.59 Bn | - | - |
| 6 | Firstenergy | 27.06 Bn | 28.36 Bn | 2.51 Bn | 68.33% |
| 7 | Hydro One | 22.94 Bn | 22.55 Bn | - | - |
| 8 | Edison International | 21.84 Bn | 21.60 Bn | 3.29 Bn | 75.42% |
| 9 | Cms Energy | 21.46 Bn | 21.85 Bn | 3.65 Bn | 80.00% |
| 10 | Connecticut Light & Power | 19.56 Bn | 19.60 Bn | 4.00 Bn | 88.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 99.94% |
| Mar 31, 2026 | 99.93% |
| Dec 31, 2025 | 99.92% |
| Sep 30, 2025 | 99.87% |
| Jun 30, 2025 | 99.97% |
| Mar 31, 2025 | 99.95% |
| Dec 31, 2024 | 99.94% |
| Sep 30, 2024 | 99.92% |
| Jun 30, 2024 | 99.97% |
| Mar 31, 2024 | 99.78% |
| Dec 31, 2023 | 99.65% |
| Sep 30, 2023 | 99.62% |
| Jun 30, 2023 | 99.64% |
| Mar 31, 2023 | 99.71% |
| Dec 31, 2022 | 99.70% |
| Sep 30, 2022 | 99.73% |
| Jun 30, 2022 | 99.68% |
| Mar 31, 2022 | 99.73% |
| Dec 31, 2021 | 99.66% |
| Sep 30, 2021 | 99.68% |