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Xcel Energy Inc.(XEL)

F

Financial data as of Dec 31, 2025Declining · Utilities

FCF Margin-46.5%Free Cash Flow / Revenue
Cash Conversion202.3%Operating CF / Net Income
Free Cash Flow-$6.8B
Revenue$14.7B
Net Cash-$34.5BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.71Tight short-term liquidity
YoY FCF Growth-107.9%0 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Current ratio below 1.0 (0.71)
→
-1Negative FCF in 4 of last 4 quarters
→
-1Significant YoY FCF decline (-107.9%)
→
-1Only 0 positive quarters recently
→
FinalF

Analysis Summary

Strengths

  • Excellent cash conversion (202%)

Concerns

  • Negative FCF margin (-46.5%)
  • Net debt position ($34.5B)
  • Current ratio below 1.0 — tight short-term liquidity
  • Only 0 positive FCF quarters recently
  • Significant YoY FCF decline (-107.9%)
Heavy CapEx — Operating cash flow is strong (28% margin) but most is reinvested

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-46.5%
Net Margin13.8%
Operating CF Margin27.8%
CapEx Ratio74.4%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$34.5BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.71Tight liquidity
Debt / Equity1.47Moderate leverage

Quarterly FCF Trend

-107.9% YoYDeclining (-107.9%)

Free cash flow per quarter

Sector Comparison — Utilities

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameXcel Energy Inc.
SectorUtilities
Free Cash Flow-$6.8B
Revenue$14.7B
Net Income$2.0B
Operating Cash Flow$4.1B
Capital Expenditure$10.9B
FCF Margin-46.5%
Cash Conversion Rate202.3%
Net Margin13.8%
Total Debt$34.8B
Total Cash$274.0M
Net Cash-$34.5B
Current Ratio0.71
Debt / Equity1.47
Debt / FCFN/A
YoY FCF Growth-107.9%
Positive Quarters0 of 5
Trend DirectionDeclining
Report DateDec 31, 2025
GradeF
Data SourceYahoo Finance