Xcel Energy Inc (XEL)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,771,000 | 1,736,000 | 1,597,000 | 1,473,000 | 1,372,000 |
| Revenue | US$ in thousands | 14,206,000 | 15,310,000 | 13,431,000 | 11,526,000 | 11,529,000 |
| Net profit margin | 12.47% | 11.34% | 11.89% | 12.78% | 11.90% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,771,000K ÷ $14,206,000K
= 12.47%
Net profit margin is a key profitability ratio that indicates the percentage of revenue that remains as profit after all expenses have been deducted. For Xcel Energy, Inc., the trend in net profit margin over the last five years shows some variation.
In 2019, the net profit margin was 11.90%, which increased to 12.78% in 2020, indicating improved profitability. However, in 2021, there was a slight decline to 11.89%, followed by a further decrease to 11.34% in 2022.
The net profit margin rebounded in 2023 to 12.47%, suggesting an improvement in the company's ability to generate profit from its operations compared to the previous year. It is essential for Xcel Energy, Inc. to monitor and manage its expenses effectively to sustain and potentially enhance its profitability in the future.
Peer comparison
Dec 31, 2023