Xcel Energy Inc (XEL)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,847,000 | 3,375,000 | 4,116,000 | 4,682,000 | 5,267,000 | 5,819,000 | 5,798,000 | 5,982,000 | 5,860,000 | 5,700,000 | 5,502,000 | 5,329,000 | 5,258,000 | 5,207,000 | 5,172,000 | 5,087,000 | 4,964,000 | 4,917,000 | 4,777,000 | 4,724,000 |
| Revenue (ttm) | US$ in thousands | 13,463,000 | 13,785,000 | 13,803,000 | 13,783,000 | 14,206,000 | 14,817,000 | 15,237,000 | 15,639,000 | 15,310,000 | 14,612,000 | 13,997,000 | 13,641,000 | 13,431,000 | 13,023,000 | 12,738,000 | 12,256,000 | 11,526,000 | 11,377,000 | 11,208,000 | 11,199,000 |
| Gross profit margin | 28.57% | 24.48% | 29.82% | 33.97% | 37.08% | 39.27% | 38.05% | 38.25% | 38.28% | 39.01% | 39.31% | 39.07% | 39.15% | 39.98% | 40.60% | 41.51% | 43.07% | 43.22% | 42.62% | 42.18% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,847,000K ÷ $13,463,000K
= 28.57%
Xcel Energy Inc's gross profit margin has shown fluctuations over the analyzed period, ranging from a high of 43.22% in September 30, 2020, to a low of 24.48% in September 30, 2024. The trend indicates a general decrease in the gross profit margin over time, with some volatility in between. Despite minor fluctuations, there is a noticeable declining trend in the company's gross profit margin from December 31, 2021, onwards.
It is important to note that a declining gross profit margin can signify various factors such as increasing costs of goods sold, pricing pressures, or inefficiencies in operations. Investors and stakeholders may view this trend as a cause for concern as it could potentially impact the company's overall profitability and financial health.
Further analysis and investigation into the specific drivers behind the fluctuations in the gross profit margin, as well as a comparison with industry benchmarks and competitors, would be necessary to gain a more comprehensive understanding of Xcel Energy Inc's financial performance and competitive position.
Peer comparison
Dec 31, 2024