Xcel Energy Inc (XEL)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,936,000 | 1,771,000 | 1,736,000 | 1,597,000 | 1,473,000 |
| Revenue | US$ in thousands | 13,441,000 | 14,206,000 | 15,310,000 | 13,431,000 | 11,526,000 |
| Net profit margin | 14.40% | 12.47% | 11.34% | 11.89% | 12.78% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,936,000K ÷ $13,441,000K
= 14.40%
The net profit margin of Xcel Energy Inc has shown a fluctuating trend over the past five years. Starting at 12.78% on December 31, 2020, it decreased slightly to 11.89% by December 31, 2021, and further declined to 11.34% by December 31, 2022. However, there was a positive upturn in the net profit margin, reaching 12.47% by December 31, 2023, and notably improving to 14.40% by December 31, 2024. This indicates that Xcel Energy Inc experienced varying levels of profitability during this period, with a significant rebound in profitability observed in the latest reporting year. Further analysis of the company's financial performance and operational efficiency would be beneficial to understand the factors driving these fluctuations in net profit margin.
Peer comparison
Dec 31, 2024