Gross Profit for Xcel Energy (XEL)
According to Xcel Energy's latest reported financial statements, the company's current gross profit (TTM) is $3.56B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
XEL
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$3.56B
YoY change
-42.0%
5Y CAGR
-6.4%
Peak year (2024)
$6.15B
Cumulative gross profit
$135.51B
Gross Profit history chart for Xcel Energy (XEL) from 1985 to 2025
Gross Profit history table for Xcel Energy (XEL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $3.56B | -42.0% | ||
| 2024 | $6.15B | +2.8% | ||
| 2023 | $5.98B | +2.0% | ||
| 2022 | $5.86B | +11.4% | ||
| 2021 | $5.26B | +5.9% | ||
| 2020 | $4.96B | +5.1% | ||
| 2019 | $4.72B | +6.1% | ||
| 2018 | $4.45B | -1.5% | ||
| 2017 | $4.52B | +4.6% | ||
| 2016 | $4.32B | +8.3% | ||
| 2015 | $3.99B | +6.8% | ||
| 2014 | $3.73B | +6.5% | ||
| 2013 | $3.51B | +2.6% | ||
| 2012 | $3.42B | +2.7% | ||
| 2011 | $3.33B | +9.1% | ||
| 2010 | $3.05B | -34.9% | ||
| 2009 | $4.68B | +6.4% | ||
| 2008 | $4.40B | +1.2% | ||
| 2007 | $4.35B | -24.2% | ||
| 2006 | $5.74B | +0.6% | ||
| 2005 | $5.70B | +10.2% | ||
| 2004 | $5.17B | +3.0% | ||
| 2003 | $5.03B | +5.2% | ||
| 2002 | $4.78B | -14.0% | ||
| 2001 | $5.55B | +14.4% | ||
| 2000 | $4.85B | +27.1% | ||
| 1999 | $3.82B | +4.8% | ||
| 1998 | $3.64B | +101.6% | ||
| 1997 | $1.81B | +1.6% | ||
| 1996 | $1.78B | +2.1% | ||
| 1995 | $1.74B | +5.4% | ||
| 1994 | $1.65B | — | ||
| 1993 | $0 | — | ||
| 1992 | $0 | — | ||
| 1991 | $0 | — | ||
| 1990 | $0 | — | ||
| 1989 | $0 | — | ||
| 1988 | $0 | — | ||
| 1987 | $0 | — | ||
| 1986 | $0 | — | ||
| 1985 | $0 | — |
Gross Profit values are taken from Xcel Energy's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Xcel Energy (XEL) most recent annual gross profit stands at $3.56B (2025) – plunged 42.0% year-over-year.
Through 2020–2025 (5 years), Xcel Energy gross profit delivered a -6.4% annualised rate; with a net decline across the window.
Between 2024 and 2025, Xcel Energy gross profit plunged 42.0%, falling from $6.15B to $3.56B.
The highest annual gross profit of $6.15B was reported in 2024. The lowest in the available history was $0 in 1985.
Among 8 Utilities peers, Xcel Energy (XEL) ranks 9th; the peer median for gross profit is $8.45B.
Xcel Energy Gross Profit by Year
Xcel Energy Gross Profit 2025: $3.56B
Xcel Energy gross profit in 2025 was $3.56B, plunged 42.0% below 2024.
Xcel Energy Gross Profit 2024: $6.15B
Xcel Energy gross profit in 2024 was $6.15B, edged up 2.8% from 2023. This figure represents the highest annual value in the available history.
Xcel Energy Gross Profit 2023: $5.98B
Xcel Energy gross profit in 2023 was $5.98B, edged up 2.0% from 2022.
Xcel Energy Gross Profit 2022: $5.86B
Xcel Energy gross profit in 2022 was $5.86B, grew 11.4% from 2021.
Xcel Energy Gross Profit 2021: $5.26B
Xcel Energy gross profit in 2021 was $5.26B.
See more financial history for Xcel Energy (XEL).
Sector peers — Gross Profit
Companies in the same sector as Xcel Energy, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Constellation Energy Corporation (CEG) | $19.36B | Utilities |
| NextEra Energy, Inc. (NEE) | $17.25B | Utilities |
| Duke Energy Corporation (DUK) | $10.17B | Utilities |
| The Southern Company (SO) | $8.81B | Utilities |
| Dominion Energy, Inc. (D) | $8.09B | Utilities |
| GE Vernova Inc. (GEV) | $7.54B | Utilities |
| American Electric Power Company, Inc. (AEP) | $6.93B | Utilities |
| Sempra (SRE) | $4.00B | Utilities |
Frequently asked questions
What is Xcel Energy's gross profit?
- Latest reported gross profit for Xcel Energy (XEL) is $3.56B (period ending December 31, 2025).
How has Xcel Energy gross profit changed year-over-year?
- Xcel Energy (XEL) gross profit changed -42.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Xcel Energy gross profit?
- Xcel Energy (XEL) gross profit compound annual growth rate is -6.4% over the most recent 5 years available.
When did Xcel Energy gross profit hit its highest annual value?
- Xcel Energy gross profit reached its highest annual value of $6.15B in 2024.
What was Xcel Energy gross profit in 2024?
- Xcel Energy (XEL) gross profit in 2024 was $6.15B.
What was Xcel Energy gross profit in 2025?
- Xcel Energy (XEL) gross profit in 2025 was $3.56B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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