Xcel Energy (XEL) Return on Capital Employed (2009 - 2026)
Xcel Energy (XEL) posted Return on Capital Employed of 3.61% for Q2 2026, up 2.33% sequentially from 3.52% in Q1 2026, and down 8.0% YoY from 3.92% in Q2 2025.
Xcel Energy (XEL) Return on Capital Employed (2009 - 2026) Analysis & Trends
Xcel Energy has reported Return on Capital Employed for 18 years, with the latest figure at 3.61% in Q2 2026.
- Quarterly Return on Capital Employed fell 8.0% year-over-year to 3.61% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 3.61% (down 8.0% YoY) and the FY2025 annual result came in at 3.76%, down 17.0% from the prior year.
- Return on Capital Employed improved to 3.61% in Q2 2026 per XEL's latest filing, from 3.52% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 4.5% in Q1 2023 and troughed at 3.35% in Q3 2025.
- A 5-year average of 4.02% and a median of 4.17% in 2022 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2023 and 2025: Return on Capital Employed jumped 31 bps in 2023, then plunged 81 bps in 2025.
- Over 5 years, Return on Capital Employed stood at 4.45% in 2022, then decreased by 4 bps to 4.29% in 2023, then retreated by 12 bps to 3.78% in 2024, then slipped by 6 bps to 3.53% in 2025, then rose by 2 bps to 3.61% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 3.61%, 3.52%, and 3.53% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 78.91 Bn | 75.10 Bn | - | - |
| 2 | Dominion Energy | 58.65 Bn | 57.86 Bn | 3.50 Bn | 3.53% |
| 3 | Xcel Energy | 47.76 Bn | 45.75 Bn | 3.12 Bn | 3.61% |
| 4 | Wec Energy | 34.66 Bn | 34.61 Bn | 1.45 Bn | 4.92% |
| 5 | Ameren | 29.39 Bn | 29.38 Bn | - | 4.78% |
| 6 | Fortis | 28.02 Bn | 28.02 Bn | 1.60 Bn | -0.23% |
| 7 | Edison International | 27.49 Bn | 27.25 Bn | 3.29 Bn | 7.20% |
| 8 | Firstenergy | 26.59 Bn | 26.40 Bn | 2.51 Bn | 6.85% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.23 Bn | 20.99 Bn | 3.65 Bn | 5.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.61% |
| Mar 31, 2026 | 3.52% |
| Dec 31, 2025 | 3.53% |
| Sep 30, 2025 | 3.35% |
| Jun 30, 2025 | 3.69% |
| Mar 31, 2025 | 3.69% |
| Dec 31, 2024 | 3.78% |
| Sep 30, 2024 | 4.17% |
| Jun 30, 2024 | 4.30% |
| Mar 31, 2024 | 4.34% |
| Dec 31, 2023 | 4.29% |
| Sep 30, 2023 | 4.25% |
| Jun 30, 2023 | 4.35% |
| Mar 31, 2023 | 4.50% |
| Dec 31, 2022 | 4.45% |
| Sep 30, 2022 | 4.25% |
| Jun 30, 2022 | 4.15% |
| Mar 31, 2022 | 4.18% |
| Dec 31, 2021 | 4.17% |
| Sep 30, 2021 | 4.27% |