Xcel Energy Inc (XEL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 6,148,000 | 5,934,000 | 5,860,000 | 5,258,000 | 4,964,000 |
| Revenue | US$ in thousands | 13,441,000 | 14,206,000 | 15,310,000 | 13,431,000 | 11,526,000 |
| Gross profit margin | 45.74% | 41.77% | 38.28% | 39.15% | 43.07% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $6,148,000K ÷ $13,441,000K
= 45.74%
The gross profit margin of Xcel Energy Inc has shown a fluctuating trend over the past five years. Starting at 43.07% on December 31, 2020, it declined to 39.15% by the end of 2021 and further dropped to 38.28% by the end of 2022. However, there was a positive reversal in 2023 with the gross profit margin rising to 41.77%. By December 31, 2024, the gross profit margin improved significantly to 45.74%, indicating a positive trajectory. This increase suggests that Xcel Energy Inc has been able to effectively manage its costs and generate more revenue relative to its cost of goods sold, which is a positive sign for the company's profitability.
Peer comparison
Dec 31, 2024