Xcel Energy (XEL) Gross Margin (2009 - 2026)
Xcel Energy (XEL) posted Gross Margin of 99.94% for Q2 2026, little changed sequentially from 99.93% in Q1 2026, and down 3.0% YoY from 103.03% in Q2 2025.
Xcel Energy (XEL) Gross Margin (2009 - 2026) Analysis & Trends
Xcel Energy has reported Gross Margin for 18 years, with the latest figure at 99.94% in Q2 2026.
- Quarterly Gross Margin fell 3.0% year-over-year to 99.94% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 99.91% (down 3.0% YoY) and the FY2025 annual result came in at 99.93%, up 3.0% from the prior year.
- Gross Margin held at 99.94% in Q2 2026 per XEL's latest filing, from 99.93% in the prior quarter.
- Over five years, Gross Margin peaked at 99.97% in Q2 2025 and troughed at 99.62% in Q3 2023.
- A 5-year average of 99.81% and a median of 99.83% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin declined 11 bps in 2023, then soared 33 bps in 2024.
- Over 5 years, Gross Margin stood at 99.7% in 2022, then decreased by 0 bps to 99.65% in 2023, then climbed by 0 bps to 99.94% in 2024, then dropped by 0 bps to 99.92% in 2025, then increased by 0 bps to 99.94% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 99.94%, 99.93%, and 99.92% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.78 Bn | 75.97 Bn | - | - |
| 2 | Dominion Energy | 59.31 Bn | 58.52 Bn | 3.50 Bn | 78.04% |
| 3 | Xcel Energy | 49.23 Bn | 47.22 Bn | 3.12 Bn | 99.94% |
| 4 | Wec Energy | 35.31 Bn | 35.26 Bn | 1.45 Bn | 70.07% |
| 5 | Ameren | 30.14 Bn | 30.13 Bn | - | - |
| 6 | Edison International | 28.79 Bn | 28.54 Bn | 3.29 Bn | 75.42% |
| 7 | Fortis | 28.70 Bn | 28.70 Bn | 1.60 Bn | 75.47% |
| 8 | Firstenergy | 27.31 Bn | 27.12 Bn | 2.51 Bn | 68.33% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.67 Bn | 21.43 Bn | 3.65 Bn | 80.00% |
Historic Data
Download 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% |