Xcel Energy Inc (XEL)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,481,000 | 2,428,000 | 2,203,000 | 2,116,000 | 2,104,000 |
| Revenue | US$ in thousands | 14,206,000 | 15,310,000 | 13,431,000 | 11,526,000 | 11,529,000 |
| Operating profit margin | 17.46% | 15.86% | 16.40% | 18.36% | 18.25% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,481,000K ÷ $14,206,000K
= 17.46%
Xcel Energy, Inc.'s operating profit margin has exhibited fluctuations in recent years. The operating profit margin for the year ending December 31, 2023, stood at 18.22%, marking an improvement compared to the prior year's figure of 15.86%. However, this margin was slightly lower than the 2021 figure of 16.40% and significantly below the 2020 operating profit margin of 18.36%. Notably, the company's operating profit margin has been relatively stable over the past five years, with values ranging between 15.86% and 18.36%. This metric is an indication of the company's efficiency in controlling operating expenses relative to its revenue generation. Further analysis of Xcel Energy's financial performance and cost management strategies would be necessary to fully understand the drivers behind these fluctuations in its operating profit margin.
Peer comparison
Dec 31, 2023