Xcel EnergyXEL +1.42%78 Net Margin % is 13.83% as of Mar. 2026, which is 16% above its 10-year median of 11.90. GuruFocus rates XEL with a GF Score™ of 78/100 and a GF Value™ of $67.31 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 501 Utilities - Regulated companies, Xcel Energy ranks better than 71.46% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Xcel Energy's Net Income for the
three
months ended in Mar. 2026 was $556 Mil. Xcel Energy's Revenue for the
three
months ended in Mar. 2026 was $4,021 Mil. Therefore, Xcel Energy's net margin for the quarter that ended in Mar. 2026 was 13.83%.
The historical rank and industry rank for Xcel Energy's Net Margin % or its related term are showing as below:
XEL'
s Net Margin % Range Over the Past 10 Years
Min: 10.07 Med: 11.9 Max: 14.4
Current: 14.14
XEL's Net Margin % is ranked better than 71.46% of 501
companies
in the Utilities - Regulated industry
Industry Median: 8.8
vs XEL: 14.14
Xcel Energy (NAS:XEL) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Xcel Energy Net Margin % Related Terms
Xcel Energy Net Margin % Historical Data
* Premium members only.
The historical data trend for Xcel Energy's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Regulated Electric subindustry, Xcel Energy's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Xcel Energy Net Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Xcel Energy's Net Margin % distribution charts can be found below:
* The bar in red indicates where Xcel Energy's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Xcel Energy (XEL) has a Net Margin % of 13.83% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Xcel Energy and its competitors. This is 16% above median its historical median of 11.90. Over the past decade, Xcel Energy's Net Margin % has ranged from 10.07 to 14.40. According to the industry distribution chart, Xcel Energy ranks #143 out of 501 companies in the Utilities - Regulated industry, placing it in the top 28.5%.
Is Xcel Energy's Net Margin % too high?
Xcel Energy's current Net Margin % of 13.83% is 16% above median its 10-year median of 11.90. Over the past 10 years, this metric has ranged from a low of 10.07 to a high of 14.40. The Utilities - Regulated industry median Net Margin % is 8.80. Xcel Energy's value of 13.83% is 57.2% above this industry median. Based on the distribution chart, Xcel Energy ranks #143 out of 501 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Xcel Energy has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xcel Energy's Net Margin % compare to ETR and EXC?
According to the Utilities - Regulated industry distribution chart, Xcel Energy ranks #143 out of 501 companies for Net Margin %. This puts Xcel Energy in the upper half of its industry. The industry median Net Margin % is 8.80. Xcel Energy's value of 13.83% is 57.2% above this benchmark. Historically, Xcel Energy's own Net Margin % has ranged from 10.07 to 14.40 over the past decade. While the company's 10-year median is 11.90 vs. the industry median of 8.80, Xcel Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Utilities - Regulated company?
The median Net Margin % among Utilities - Regulated companies is 8.80, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Xcel Energy's current Net Margin % of 13.83% is 57.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Xcel Energy and its competitors. For the Utilities - Regulated industry, the median Net Margin % is 8.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xcel Energy's current Net Margin % is 13.83%, which is 16% above median its own 10-year median of 11.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xcel Energy stock overvalued right now?
Based on GuruFocus' analysis, Xcel Energy (XEL) is currently considered Modestly Overvalued. The stock's GF Value™ is $67.31, compared to a current price of $81.47 — trading 21% above its estimated fair value. The current Net Margin % is 13.83%, which is 16% above median its 10-year median of 11.90 and 57.2% above the Utilities - Regulated industry median of 8.80. Xcel Energy's overall GF Score™ is 78/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Xcel Energy (XEL), the current Net Margin % is 13.83% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Xcel Energy (XEL) Overvalued in 2026?
Based on GuruFocus' analysis, Xcel Energy stock appears to be overvalued.
The current stock price of $81.47 is trading 21% above its estimated GF Value™ of $67.31.
GuruFocus considers Xcel Energy to be Modestly Overvalued.
Key valuation signals for XEL:
Net Margin %: 13.83% (16% above median its 10-year median of 11.90)
GF Value™: $67.31 vs. price of $81.47 (21% above fair value)
Industry Position: 57.2% above the Utilities - Regulated median (#143 of 501)
No single metric tells the full story. See the XEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xcel Energy manages utilities serving 3.9 million electric customers and 2.2 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy suppliers in the US, with more than half of its electricity sales coming from carbon-free energy.
78GF Score
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