Xcel Energy (XEL) Net Margin (2009 - 2026)
Xcel Energy's (XEL) quarterly Net Margin came in at 18.79% in Q2 2026, up 528.0% year-over-year from 2.99% in Q2 2025, and up 35.88% quarter-over-quarter from 13.83% in Q1 2026.
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Xcel Energy (XEL) Net Margin (2009 - 2026) Analysis & Trends
Xcel Energy has disclosed Net Margin across 18 years of filings, most recently posting 18.79% for Q2 2026.
- In Q2 2026, Net Margin rose 528.0% year-over-year to 18.79%; the TTM figure through Jun 2026 stood at 15.28% (up 43.0% YoY), while the FY2025 annual figure was 13.76%, down 65.0% from the prior year.
- Net Margin came in at 18.79% for Q2 2026 at Xcel Energy, up from 13.83% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 18.79% in Q2 2026 to a low of 9.35% in Q4 2022.
- Average Net Margin over 5 years is 13.29%, with a median of 13.38% recorded in 2024.
- Year-over-year, Net Margin plunged 533 bps in 2025 and surged 528 bps in 2026.
- Over 5 years, Net Margin stood at 9.35% in 2022, then advanced by 27 bps to 11.88% in 2023, then advanced by 25 bps to 14.87% in 2024, then grew by 7 bps to 15.92% in 2025, then gained by 18 bps to 18.79% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 18.79% in Q2 2026, 13.83% in Q1 2026, and 15.92% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 307.79 Bn | 307.79 Bn | 890.00 Mn | 11.99% |
| 2 | Dominion Energy | 57.22 Bn | 56.43 Bn | 3.50 Bn | 7.37% |
| 3 | Xcel Energy | 47.14 Bn | 45.13 Bn | 3.12 Bn | 18.79% |
| 4 | Wec Energy | 34.41 Bn | 34.36 Bn | 1.45 Bn | 14.51% |
| 5 | Ameren | 29.10 Bn | 29.09 Bn | - | 15.01% |
| 6 | Firstenergy | 26.75 Bn | 26.56 Bn | 2.51 Bn | 9.57% |
| 7 | Hydro One | 22.65 Bn | 22.19 Bn | - | 11.62% |
| 8 | Edison International | 21.81 Bn | 21.57 Bn | 3.29 Bn | 12.26% |
| 9 | Cms Energy | 21.02 Bn | 20.78 Bn | 3.65 Bn | 9.98% |
| 10 | Connecticut Light & Power | 19.56 Bn | 19.60 Bn | 4.00 Bn | 13.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.79% |
| Mar 31, 2026 | 13.83% |
| Dec 31, 2025 | 15.92% |
| Sep 30, 2025 | 13.38% |
| Jun 30, 2025 | 13.51% |
| Mar 31, 2025 | 12.37% |
| Dec 31, 2024 | 14.87% |
| Sep 30, 2024 | 18.72% |
| Jun 30, 2024 | 9.97% |
| Mar 31, 2024 | 13.37% |
| Dec 31, 2023 | 11.88% |
| Sep 30, 2023 | 17.91% |
| Jun 30, 2023 | 9.53% |
| Mar 31, 2023 | 10.25% |
| Dec 31, 2022 | 9.35% |
| Sep 30, 2022 | 15.90% |
| Jun 30, 2022 | 9.58% |
| Mar 31, 2022 | 10.13% |
| Dec 31, 2021 | 10.69% |
| Sep 30, 2021 | 17.57% |