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FCF Margin for Xcel Energy (XEL)

As of · Reported

Metric

TTM

-21.9%

YoY change

+56.07pp

Trough year (2001)

-43.3%

Peak year (2025)

35.8%

FCF Margin history chart for Xcel Energy (XEL) from 1994 to 2025

Latest: 35.8%

FCF Margin change chart for Xcel Energy (XEL) from 1994 to 2025

Latest: +56.07pp

FCF Margin history table for Xcel Energy (XEL) from 1994 to 2025

  • 202535.8%+56.07pp
  • 2024-20.3%-16.55pp
  • 2023-3.7%+0.90pp
  • 2022-4.6%+10.69pp
  • 2021-15.3%+6.57pp
  • 2020-21.9%-13.53pp
  • 2019-8.3%-1.11pp
  • 2018-7.2%-5.55pp
  • 2017-1.7%+0.14pp
  • 2016-1.8%+4.13pp
  • 2015-6.0%-1.24pp
  • 2014-4.7%+2.71pp
  • 2013-7.4%-1.85pp
  • 2012-5.6%-7.46pp
  • 20111.9%+12.12pp
  • 2010-10.2%-11.60pp
  • 20091.4%+5.24pp
  • 2008-3.9%+1.55pp
  • 2007-5.4%-8.56pp
  • 20063.1%+4.69pp
  • 2005-1.5%+4.21pp
  • 2004-5.8%-23.07pp
  • 200317.3%+26.47pp
  • 2002-9.1%+34.20pp
  • 2001-43.3%-27.81pp
  • 2000-15.5%-18.38pp
  • 19992.8%-1.56pp
  • 19984.4%-6.32pp
  • 199710.7%+5.75pp
  • 19965.0%-1.75pp
  • 19956.7%+3.06pp
  • 19943.7%—

FCF Margin values are taken from Xcel Energy's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Xcel Energy (XEL)

According to Xcel Energy's latest reported financial statements, the company's latest reported free cash flow margin is -21.9%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

2025's annual free cash flow margin for Xcel Energy (XEL) came in at 35.81% – expanded 56.1 percentage points year-over-year.

Across the available history, free cash flow margin reached its high of 35.81% in 2025 and its low of -43.35% in 2001.

Xcel Energy FCF Margin by Year

Xcel Energy FCF Margin 2025: 35.8%

In 2025, Xcel Energy reported free cash flow margin of 35.81%, expanded 56.1 percentage points from 2024. This figure represents the highest annual value in the available history.

Xcel Energy FCF Margin 2024: -20.3%

Xcel Energy free cash flow margin in 2024 was -20.26%, contracted 16.5 percentage points from 2023.

Xcel Energy FCF Margin 2023: -3.7%

2023's free cash flow margin for Xcel Energy came in at -3.71%, expanded 0.9 percentage points from 2022.

Xcel Energy FCF Margin 2022: -4.6%

Xcel Energy posted free cash flow margin of -4.61% in 2022, expanded 10.7 percentage points from 2021.

Xcel Energy FCF Margin 2021: -15.3%

Xcel Energy free cash flow margin in 2021 was -15.30%.

See more financial history for Xcel Energy (XEL).

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Utilities peers of Xcel Energy (XEL), ranked by their latest free cash flow margin

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