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Xcel Energy Valuation Multiples
Discover revenue and EBITDA valuation multiples for Xcel Energy and similar public comparables like Barito Renewables, RWE, Entergy, Exelon and more.
Xcel Energy Overview
About Xcel Energy
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.
Founded
1909
HQ
Employees
11.5K
Website
Sectors
Financials (LTM)
EV
$85B
Xcel Energy Financials
Xcel Energy reported last 12-month revenue of $15B and EBITDA of $6B.
In the same LTM period, Xcel Energy generated $10B in gross profit, $6B in EBITDA, and $2B in net income.
Revenue (LTM)
Xcel Energy P&L
In the most recent fiscal year, Xcel Energy reported revenue of $15B and EBITDA of $6B.
Xcel Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $15B | XXX | $15B | XXX | XXX | XXX |
| Gross Profit | $10B | XXX | $7B | XXX | XXX | XXX |
| Gross Margin | 66% | XXX | 47% | XXX | XXX | XXX |
| EBITDA | $6B | XXX | $6B | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 42% | XXX | XXX | XXX |
| EBIT Margin | 21% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | — | — | $34B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Xcel Energy Stock Performance
Xcel Energy has current market cap of $51B, and enterprise value of $85B.
Market Cap Evolution
Xcel Energy's stock price is $81.08.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $85B | $51B | 0.0% | XXX | XXX | XXX | $3.23 |
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Start Free TrialXcel Energy Valuation Multiples
Xcel Energy trades at 5.7x EV/Revenue multiple, and 13.8x EV/EBITDA.
EV / Revenue (LTM)
Xcel Energy Financial Valuation Multiples
As of April 20, 2026, Xcel Energy has market cap of $51B and EV of $85B.
Equity research analysts estimate Xcel Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Xcel Energy has a P/E ratio of 23.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $51B | XXX | $51B | XXX | XXX | XXX |
| EV (current) | $85B | XXX | $85B | XXX | XXX | XXX |
| EV/Revenue | 5.7x | XXX | 5.8x | XXX | XXX | XXX |
| EV/EBITDA | 13.8x | XXX | 13.7x | XXX | XXX | XXX |
| EV/EBIT | 27.5x | XXX | 29.1x | XXX | XXX | XXX |
| EV/Gross Profit | 8.5x | XXX | 12.3x | XXX | XXX | XXX |
| P/E | 23.3x | XXX | 25.1x | XXX | XXX | XXX |
| EV/FCF | (14.5x) | XXX | (15.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Xcel Energy Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Xcel Energy Margins & Growth Rates
Xcel Energy's revenue in the last 12 month grew by 8%.
Xcel Energy's revenue per employee in the last FY averaged $1.3M, while opex per employee averaged $0.4M for the same period.
Xcel Energy's rule of 40 is 52% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Xcel Energy's rule of X is 65% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Xcel Energy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 42% | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | 12% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 52% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 65% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 28% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Xcel Energy Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Xcel Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Barito Renewables | XXX | XXX | XXX | XXX | XXX | XXX |
| RWE | XXX | XXX | XXX | XXX | XXX | XXX |
| Entergy | XXX | XXX | XXX | XXX | XXX | XXX |
| Exelon | XXX | XXX | XXX | XXX | XXX | XXX |
| Dominion Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Xcel Energy M&A Activity
Xcel Energy acquired XXX companies to date.
Last acquisition by Xcel Energy was on XXXXXXXX, XXXXX. Xcel Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Xcel Energy
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialXcel Energy Investment Activity
Xcel Energy invested in XXX companies to date.
Xcel Energy made its latest investment on XXXXXXXX, XXXXX. Xcel Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Xcel Energy
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Xcel Energy
| When was Xcel Energy founded? | Xcel Energy was founded in 1909. |
| Where is Xcel Energy headquartered? | Xcel Energy is headquartered in United States. |
| How many employees does Xcel Energy have? | As of today, Xcel Energy has over 11K employees. |
| Who is the CEO of Xcel Energy? | Xcel Energy's CEO is Robert C. Frenzel. |
| Is Xcel Energy publicly listed? | Yes, Xcel Energy is a public company listed on Nasdaq. |
| What is the stock symbol of Xcel Energy? | Xcel Energy trades under XEL ticker. |
| When did Xcel Energy go public? | Xcel Energy went public in 1972. |
| Who are competitors of Xcel Energy? | Xcel Energy main competitors are Barito Renewables, RWE, Entergy, Exelon. |
| What is the current market cap of Xcel Energy? | Xcel Energy's current market cap is $51B. |
| What is the current revenue of Xcel Energy? | Xcel Energy's last 12 months revenue is $15B. |
| What is the current revenue growth of Xcel Energy? | Xcel Energy revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Xcel Energy? | Current revenue multiple of Xcel Energy is 5.7x. |
| Is Xcel Energy profitable? | Yes, Xcel Energy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Xcel Energy? | Xcel Energy's last 12 months EBITDA is $6B. |
| What is Xcel Energy's EBITDA margin? | Xcel Energy's last 12 months EBITDA margin is 41%. |
| What is the current EV/EBITDA multiple of Xcel Energy? | Current EBITDA multiple of Xcel Energy is 13.8x. |
| What is the current FCF of Xcel Energy? | Xcel Energy's last 12 months FCF is ($6B). |
| What is Xcel Energy's FCF margin? | Xcel Energy's last 12 months FCF margin is (39%). |
| What is the current EV/FCF multiple of Xcel Energy? | Current FCF multiple of Xcel Energy is (14.5x). |
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