Xcel Energy (XEL) Return on Capital Employed [ROCE] (2009 - 2026)
Xcel Energy (XEL) recorded Return on Capital Employed [ROCE] of 3.61% in Q2 2026, down 0.08 percentage points from 3.69% a year earlier but up 0.08 percentage points from the prior quarter.
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Analysis
Xcel Energy (XEL) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Xcel Energy reported Return on Capital Employed [ROCE] of 3.76%, down 0.17 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has declined for three straight years, with a five-year change of -0.65 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 3.94% in FY2024 (-0.42 pp), 4.35% in FY2023 (-0.19 pp), 4.54% in FY2022 (+0.21 pp) and 4.33% in FY2021 (-0.08 pp).
- Quarterly Return on Capital Employed [ROCE] has ranged from 3.35% in Q3 2025 to 4.50% in Q1 2023 over the past five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined for 11 consecutive quarters, with an average year-over-year change of -0.40 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 0.31 percentage points in Q1 2023, against a drop of 0.81 percentage points in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.52% (Q1 2026), 3.53% (Q4 2025) and 3.35% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 172.18 Bn | 170.30 Bn | - | 4.25% |
| 2 | Southern | 106.86 Bn | 97.91 Bn | 5.92 Bn | 5.08% |
| 3 | Duke Energy | 97.23 Bn | 95.83 Bn | 6.74 Bn | 5.10% |
| 4 | National Grid | 85.13 Bn | 57.46 Bn | - | - |
| 5 | American Electric Power | 70.60 Bn | 68.98 Bn | 3.84 Bn | 4.97% |
| 6 | Dominion Energy | 57.38 Bn | 60.06 Bn | - | 3.53% |
| 7 | Sempra | 54.97 Bn | 54.10 Bn | 2.89 Bn | 2.53% |
| 8 | Entergy | 50.09 Bn | 39.27 Bn | - | 4.51% |
| 9 | Xcel Energy | 48.73 Bn | 43.64 Bn | - | 3.61% |
| 10 | Exelon | 45.85 Bn | 41.17 Bn | - | 4.79% |
Historic Data
Download Data
Historic 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% |
API Access
Xcel Energy Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=XEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=XEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();