TTM
18.9%
YoY change
−21.44pp
Trough year (2025)
24.3%
Peak year (2002)
68.5%
Latest annual
24.3%
Gross Margin history chart for Xcel Energy (XEL) from 1994 to 2025
Latest: 24.3%
Gross Margin change chart for Xcel Energy (XEL) from 1994 to 2025
Latest: −21.44pp
Gross Margin history table for Xcel Energy (XEL) from 1994 to 2025
| 2025 | 24.3% | -21.44pp | ||
| 2024 | 45.7% | +3.65pp | ||
| 2023 | 42.1% | +3.81pp | ||
| 2022 | 38.3% | -0.87pp | ||
| 2021 | 39.1% | -3.92pp | ||
| 2020 | 43.1% | +2.10pp | ||
| 2019 | 41.0% | +2.37pp | ||
| 2018 | 38.6% | -1.04pp | ||
| 2017 | 39.6% | +0.74pp | ||
| 2016 | 38.9% | +2.70pp | ||
| 2015 | 36.2% | +4.23pp | ||
| 2014 | 32.0% | -0.17pp | ||
| 2013 | 32.1% | -1.62pp | ||
| 2012 | 33.7% | +2.51pp | ||
| 2011 | 31.2% | +1.65pp | ||
| 2010 | 29.6% | -18.97pp | ||
| 2009 | 48.6% | +9.27pp | ||
| 2008 | 39.3% | -4.06pp | ||
| 2007 | 43.3% | -14.96pp | ||
| 2006 | 58.3% | -0.95pp | ||
| 2005 | 59.3% | -3.74pp | ||
| 2004 | 63.0% | -2.01pp | ||
| 2003 | 65.0% | -3.49pp | ||
| 2002 | 68.5% | +4.84pp | ||
| 2001 | 63.6% | +21.11pp | ||
| 2000 | 42.5% | -6.88pp | ||
| 1999 | 49.4% | -5.66pp | ||
| 1998 | 55.1% | -10.99pp | ||
| 1997 | 66.1% | -0.90pp | ||
| 1996 | 67.0% | -0.83pp | ||
| 1995 | 67.8% | +1.38pp | ||
| 1994 | 66.4% | — |
- 202524.3%-21.44pp
- 202445.7%+3.65pp
- 202342.1%+3.81pp
- 202238.3%-0.87pp
- 202139.1%-3.92pp
- 202043.1%+2.10pp
- 201941.0%+2.37pp
- 201838.6%-1.04pp
- 201739.6%+0.74pp
- 201638.9%+2.70pp
- 201536.2%+4.23pp
- 201432.0%-0.17pp
- 201332.1%-1.62pp
- 201233.7%+2.51pp
- 201131.2%+1.65pp
- 201029.6%-18.97pp
- 200948.6%+9.27pp
- 200839.3%-4.06pp
- 200743.3%-14.96pp
- 200658.3%-0.95pp
- 200559.3%-3.74pp
- 200463.0%-2.01pp
- 200365.0%-3.49pp
- 200268.5%+4.84pp
- 200163.6%+21.11pp
- 200042.5%-6.88pp
- 199949.4%-5.66pp
- 199855.1%-10.99pp
- 199766.1%-0.90pp
- 199667.0%-0.83pp
- 199567.8%+1.38pp
- 199466.4%—
Gross 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 Gross Margin at Xcel Energy (XEL)
According to Xcel Energy's latest reported financial statements, the company's latest reported gross margin is 18.9%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Xcel Energy (XEL) reported gross margin of 24.30% – contracted 21.4 percentage points year-over-year.
Across the available history, gross margin reached its high of 68.49% in 2002 and its low of 24.30% in 2025.
Xcel Energy Gross Margin by Year
Xcel Energy Gross Margin 2025: 24.3%
Xcel Energy posted gross margin of 24.30% in 2025, contracted 21.4 percentage points from 2024. This figure represents the lowest annual value in the available history.
Xcel Energy Gross Margin 2024: 45.7%
In 2024, Xcel Energy reported gross margin of 45.74%, expanded 3.7 percentage points from 2023.
Xcel Energy Gross Margin 2023: 42.1%
Xcel Energy gross margin in 2023 was 42.09%, expanded 3.8 percentage points from 2022.
Xcel Energy Gross Margin 2022: 38.3%
2022's gross margin for Xcel Energy came in at 38.28%, contracted 0.9 percentage points from 2021.
Xcel Energy Gross Margin 2021: 39.1%
Xcel Energy gross margin in 2021 was 39.15%.
See more financial history for Xcel Energy (XEL).
Sector peers by Gross Margin
Utilities peers of Xcel Energy (XEL), ranked by their latest gross margin
Frequently asked questions
Xcel Energy (XEL) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation