XELXcel Energy

$73.78+4.6% 1Y

$73.78

$69.4052 weeks$82.67

Is the business good?

Good

A genuinely good business: earnings fully cash-backed (2.2×) and margins widening.

2 good, 1 neutral, 1 without data

Profits arrive as cash2.17×derived · Jun 30, 2026

Operating profit is fully backed by cash. Conversion is worsening vs a year ago.

Margin direction, 3 years+3.3 pts

Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.

Where ROE comes from2% ROA

Margin-driven, fat margins on slower asset turns. ROE 9% = margin × turnover × leverage.

Unless marked, from derived.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

Leverage (Debt/EBITDA)behind 89% of the market

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

Xcel Energy earns 3.6% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

3.6%

Return on invested capital · cost of capital 9.0% · 5.4 points below what the capital costs: growth destroys value

Operating margin: 19%
Operating margin · Utilities - Regulated Electric median 22% · 12 months to Q2 2026
Cash conversion: 2.17×
Cash conversion · 2.27× a year ago · operating cash flow covers the operating profit after tax
Share count, year on year: +6.6%
Share count, year on year · shareholders own a smaller slice than a year ago

Details›

Gross margin12 months to Q2 2026: 100%
Operating margin12 months to Q2 2026: 19%
Net margin12 months to Q2 2026: 15%
Free cash flow margin: −53%
Revenue, trailing twelve months: $14.6B
Free cash flow, trailing twelve months: −$7.69B
Net income, trailing twelve months: $2.23B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash: 3.6%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

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