Xcel Energy Inc (XEL) — Capital Reinvestment Ratio
Xcel Energy Inc (XEL) has a Capital Reinvestment Ratio of 2.68x as of June 2026, meaning it reinvests 3% of its operating cash flow ($1.10 Billion) in capital expenditures ($2.95 Billion). Check Xcel Energy Inc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Xcel Energy Inc Capital Reinvestment Ratio (1994–2025)
This chart tracks Xcel Energy Inc's Capital Reinvestment Ratio across 32 annual periods. For the full cash flow conversion analysis, see Xcel Energy Inc (XEL) cash conversion ratio.
Annual Capital Reinvestment Ratio for Xcel Energy Inc (1994–2025)
Year-by-year Capital Reinvestment Ratio for Xcel Energy Inc from 1994 to 2025. See Xcel Energy Inc free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 2.67x | $4.08 Billion | $10.91 Billion | ▲ +68.4% |
| 2024 | 1.59x | $4.64 Billion | $7.36 Billion | ▲ +44.4% |
| 2023 | 1.10x | $5.33 Billion | $5.85 Billion | ▼ -6.8% |
| 2022 | 1.18x | $3.93 Billion | $4.64 Billion | ▼ -39.2% |
| 2021 | 1.94x | $2.19 Billion | $4.24 Billion | ▲ +2.8% |
| 2020 | 1.89x | $2.85 Billion | $5.37 Billion | ▲ +45.6% |
| 2019 | 1.29x | $3.26 Billion | $4.22 Billion | ▲ +2.2% |
| 2018 | 1.27x | $3.12 Billion | $3.96 Billion | ▲ +19.4% |
| 2017 | 1.06x | $3.13 Billion | $3.32 Billion | ▼ -0.5% |
| 2016 | 1.07x | $3.05 Billion | $3.26 Billion | ▼ -12.4% |
| 2015 | 1.22x | $3.03 Billion | $3.68 Billion | ▲ +0.7% |
| 2014 | 1.21x | $2.65 Billion | $3.20 Billion | ▼ -8.0% |
| 2013 | 1.31x | $2.58 Billion | $3.40 Billion | ▲ +2.5% |
| 2012 | 1.28x | $2.00 Billion | $2.57 Billion | ▲ +39.8% |
| 2011 | 0.92x | $2.41 Billion | $2.21 Billion | ▼ -41.1% |
| 2010 | 1.56x | $1.89 Billion | $2.95 Billion | ▲ +67.2% |
| 2009 | 0.93x | $1.92 Billion | $1.79 Billion | ▼ -26.0% |
| 2008 | 1.26x | $1.68 Billion | $2.11 Billion | ▼ -6.8% |
| 2007 | 1.35x | $1.55 Billion | $2.10 Billion | ▲ +60.7% |
| 2006 | 0.84x | $1.94 Billion | $1.63 Billion | ▼ -25.5% |
| 2005 | 1.13x | $1.16 Billion | $1.31 Billion | ▼ -29.0% |
| 2004 | 1.59x | $803.94 Million | $1.28 Billion | ▲ +5087.1% |
| 2003 | 0.03x | $1.38 Billion | $42.29 Million | ▼ -97.7% |
| 2002 | 1.36x | $1.77 Billion | $2.41 Billion | ▼ -59.9% |
| 2001 | 3.39x | $1.58 Billion | $5.37 Billion | ▲ +49.9% |
| 2000 | 2.26x | $1.41 Billion | $3.18 Billion | ▲ +233.1% |
| 1999 | 0.68x | $681.20 Million | $462.10 Million | ▲ +15.9% |
| 1998 | 0.59x | $702.10 Million | $411.10 Million | ▲ +1.8% |
| 1997 | 0.57x | $689.80 Million | $396.60 Million | ▼ -24.1% |
| 1996 | 0.76x | $544.50 Million | $412.50 Million | ▲ +8.4% |
| 1995 | 0.70x | $573.80 Million | $401.00 Million | ▼ -14.5% |
| 1994 | 0.82x | $500.60 Million | $409.30 Million | — |