Xcel Energy Inc (XEL)
Return on equity (ROE)
| 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 |
| Total stockholders’ equity | US$ in thousands | 19,522,000 | 17,616,000 | 16,675,000 | 15,612,000 | 14,575,000 |
| ROE | 9.92% | 10.05% | 10.41% | 10.23% | 10.11% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,936,000K ÷ $19,522,000K
= 9.92%
Based on the provided data, Xcel Energy Inc's return on equity (ROE) has shown a consistent trend over the years. The ROE for the company was 10.11% as of December 31, 2020, which increased slightly to 10.23% by December 31, 2021. Subsequently, the ROE continued to climb to 10.41% by December 31, 2022, indicating improved profitability and efficiency in generating returns for shareholders.
However, there was a slight decline in the ROE to 10.05% by December 31, 2023, and a further decrease to 9.92% by December 31, 2024. These decreases could indicate potential challenges or factors affecting the company's profitability and efficiency in utilizing shareholders' equity to generate profits.
Overall, Xcel Energy Inc's ROE has generally remained above 10% in the analyzed period, suggesting the company has been effectively utilizing its shareholders' equity to generate returns. It is important for investors and stakeholders to monitor any fluctuations in ROE to assess the company's financial performance and management effectiveness.
Peer comparison
Dec 31, 2024