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 much does Xcel Energy (XEL) spend on capital expenditures?

Xcel Energy (XEL) spent $10.96B on capital expenditures in TTM through Q4 2025 (74.7% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

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

Xcel Energy (XEL) generated $14.67B in revenue (TTM through Q4 2025), 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

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.
How much does Xcel Energy (XEL) spend on capital expenditures?: Xcel Energy (XEL) spent $10.96B on capital expenditures in TTM through Q4 2025 (74.7% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

About this data

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 sum the last four quarters. 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.

Explore more

XEL overview Revenue counter Earnings counter Economic scale