How does Xcel Energy (XEL) make money?

Xcel Energy (XEL) primarily makes money through Regulated Electric, which accounts for 83.2% of total revenue. For TTM through Q4 2025, Xcel Energy generated $14.67B in total revenue with a net profit margin of 13.8%.

What is Xcel Energy (XEL) gross profit margin?

Xcel Energy (XEL) reported a gross profit margin of 24.3% for TTM through Q4 2025, equivalent to $3.56B in gross profit. This means Xcel Energy retains 24.3% of each revenue unit after direct costs of production.

What is Xcel Energy (XEL) operating profit margin?

Xcel Energy (XEL) reported an operating profit margin of 19.6% for TTM through Q4 2025, equivalent to $2.88B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Xcel Energy (XEL) net profit margin?

Xcel Energy (XEL) reported a net profit margin of 13.8% for TTM through Q4 2025, equivalent to $2.02B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How Xcel Energy (XEL) Makes Money: A Visual Guide

Xcel Energy (XEL) generated $14.67B in revenue, earning $2.02B in net profit (13.8% margin). Its largest revenue source is Regulated Electric (83.2% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Xcel Energy (XEL) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 25, 2026).

Frequently asked questions

How does Xcel Energy (XEL) make money?: Xcel Energy (XEL) primarily makes money through Regulated Electric, which accounts for 83.2% of total revenue. For TTM through Q4 2025, Xcel Energy generated $14.67B in total revenue with a net profit margin of 13.8%.
What is Xcel Energy (XEL) gross profit margin?: Xcel Energy (XEL) reported a gross profit margin of 24.3% for TTM through Q4 2025, equivalent to $3.56B in gross profit. This means Xcel Energy retains 24.3% of each revenue unit after direct costs of production.
What is Xcel Energy (XEL) operating profit margin?: Xcel Energy (XEL) reported an operating profit margin of 19.6% for TTM through Q4 2025, equivalent to $2.88B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Xcel Energy (XEL) net profit margin?: Xcel Energy (XEL) reported a net profit margin of 13.8% for TTM through Q4 2025, equivalent to $2.02B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.