Xcel Energy Inc
Xcel Energy Inc., through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility and Regulated Natural Gas Utility segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and… Read more
Xcel Energy Inc (XEL) - Net Assets
Latest net assets as of December 2025: $23.61 Billion USD
Based on the latest financial reports, Xcel Energy Inc (XEL) has net assets worth $23.61 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($90.87 Billion) and total liabilities ($67.27 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $23.61 Billion |
| % of Total Assets | 25.98% |
| Annual Growth Rate | 8.06% |
| 5-Year Change | 51.22% |
| 10-Year Change | 114.22% |
| Growth Volatility | 22.19 |
Xcel Energy Inc - Net Assets Trend (1994–2025)
This chart illustrates how Xcel Energy Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Xcel Energy Inc (1994–2025)
The table below shows the annual net assets of Xcel Energy Inc from 1994 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $23.61 Billion | +20.94% |
| 2024-12-31 | $19.52 Billion | +10.82% |
| 2023-12-31 | $17.62 Billion | +5.64% |
| 2022-12-31 | $16.68 Billion | +6.81% |
| 2021-12-31 | $15.61 Billion | +7.11% |
| 2020-12-31 | $14.57 Billion | +10.09% |
| 2019-12-31 | $13.24 Billion | +8.32% |
| 2018-12-31 | $12.22 Billion | +6.70% |
| 2017-12-31 | $11.46 Billion | +3.94% |
| 2016-12-31 | $11.02 Billion | +3.96% |
| 2015-12-31 | $10.60 Billion | +3.78% |
| 2014-12-31 | $10.21 Billion | +6.78% |
| 2013-12-31 | $9.57 Billion | +7.80% |
| 2012-12-31 | $8.87 Billion | +4.62% |
| 2011-12-31 | $8.48 Billion | +3.59% |
| 2010-12-31 | $8.19 Billion | +10.83% |
| 2009-12-31 | $7.39 Billion | +4.52% |
| 2008-12-31 | $7.07 Billion | +10.35% |
| 2007-12-31 | $6.41 Billion | +8.15% |
| 2006-12-31 | $5.92 Billion | +7.62% |
| 2005-12-31 | $5.50 Billion | +3.63% |
| 2004-12-31 | $5.31 Billion | +0.75% |
| 2003-12-31 | $5.27 Billion | +9.71% |
| 2002-12-31 | $4.81 Billion | -30.91% |
| 2001-12-31 | $6.95 Billion | +16.99% |
| 2000-12-31 | $5.94 Billion | +123.24% |
| 1999-12-31 | $2.66 Billion | +2.95% |
| 1998-12-31 | $2.59 Billion | +0.56% |
| 1997-12-31 | $2.57 Billion | +8.23% |
| 1996-12-31 | $2.38 Billion | +4.78% |
| 1995-12-31 | $2.27 Billion | +6.10% |
| 1994-12-31 | $2.14 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xcel Energy Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $23.61 Billion | 100.00% |
| Total Equity | $23.61 Billion | 100.00% |
Xcel Energy Inc Competitors by Market Cap
The table below lists competitors of Xcel Energy Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Standard Chartered PLC
PINK:SCBFY
|
$48.20 Billion |
|
NXP Semiconductors NV
NASDAQ:NXPI
|
$48.38 Billion |
|
Agnico-Eagle Mines Ltd.
LSE:0R2J
|
$48.39 Billion |
|
Itau Unibanco Banco Holding SA
NYSE:ITUB
|
$48.67 Billion |
|
Swiss Re AG
PINK:SSREF
|
$47.98 Billion |
|
Cameco Corp
NYSE:CCJ
|
$47.91 Billion |
|
Nippon Telegraph & Telephone Corp
PINK:NPPXF
|
$47.81 Billion |
|
Takeda Pharmaceutical Co. Ltd.
PINK:TKPHF
|
$47.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xcel Energy Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,522,000,000 to 23,609,000,000, a change of 4,087,000,000 (20.9%).
- Net income of 2,018,000,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 68,000,000.
- Other factors increased equity by 2,001,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.02 Billion | +8.55% |
| Other Comprehensive Income | $68.00 Million | +0.29% |
| Other Changes | $2.00 Billion | +8.48% |
| Total Change | $- | 20.94% |
Book Value vs Market Value Analysis
This analysis compares Xcel Energy Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.10x to 2.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $16.00 | $81.63 | x |
| 1995-12-31 | $16.88 | $81.63 | x |
| 1996-12-31 | $17.30 | $81.63 | x |
| 1997-12-31 | $18.31 | $81.63 | x |
| 1998-12-31 | $17.20 | $81.63 | x |
| 1999-12-31 | $8.02 | $81.63 | x |
| 2000-12-31 | $16.77 | $81.63 | x |
| 2001-12-31 | $18.33 | $81.63 | x |
| 2002-12-31 | $12.39 | $81.63 | x |
| 2003-12-31 | $12.58 | $81.63 | x |
| 2004-12-31 | $12.54 | $81.63 | x |
| 2005-12-31 | $12.92 | $81.63 | x |
| 2006-12-31 | $13.78 | $81.63 | x |
| 2007-12-31 | $14.79 | $81.63 | x |
| 2008-12-31 | $16.00 | $81.63 | x |
| 2009-12-31 | $16.16 | $81.63 | x |
| 2010-12-31 | $17.67 | $81.63 | x |
| 2011-12-31 | $17.47 | $81.63 | x |
| 2012-12-31 | $18.17 | $81.63 | x |
| 2013-12-31 | $19.27 | $81.63 | x |
| 2014-12-31 | $20.26 | $81.63 | x |
| 2015-12-31 | $20.86 | $81.63 | x |
| 2016-12-31 | $21.63 | $81.63 | x |
| 2017-12-31 | $22.50 | $81.63 | x |
| 2018-12-31 | $23.92 | $81.63 | x |
| 2019-12-31 | $25.46 | $81.63 | x |
| 2020-12-31 | $27.60 | $81.63 | x |
| 2021-12-31 | $28.91 | $81.63 | x |
| 2022-12-31 | $30.48 | $81.63 | x |
| 2023-12-31 | $31.91 | $81.63 | x |
| 2024-12-31 | $34.67 | $81.63 | x |
| 2025-12-31 | $40.08 | $81.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xcel Energy Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.55%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.76%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 3.85x
- Recent ROE (8.55%) is above the historical average (8.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 11.39% | 9.79% | 0.42x | 2.79x | $29.75 Million |
| 1995 | 12.16% | 10.74% | 0.41x | 2.75x | $49.01 Million |
| 1996 | 11.55% | 10.34% | 0.40x | 2.79x | $36.86 Million |
| 1997 | 9.23% | 8.68% | 0.38x | 2.78x | $-19.90 Million |
| 1998 | 10.92% | 4.27% | 0.89x | 2.86x | $23.75 Million |
| 1999 | 8.42% | 2.90% | 0.79x | 3.67x | $-41.98 Million |
| 2000 | 9.30% | 4.62% | 0.52x | 3.84x | $-39.88 Million |
| 2001 | 12.62% | 9.11% | 0.30x | 4.56x | $164.99 Million |
| 2002 | -46.50% | -31.80% | 0.26x | 5.71x | $-2.70 Billion |
| 2003 | 11.81% | 8.05% | 0.38x | 3.83x | $95.25 Million |
| 2004 | 6.71% | 4.33% | 0.40x | 3.83x | $-174.83 Million |
| 2005 | 9.33% | 5.33% | 0.44x | 3.94x | $-37.05 Million |
| 2006 | 9.66% | 5.81% | 0.45x | 3.71x | $-20.43 Million |
| 2007 | 9.01% | 5.75% | 0.43x | 3.62x | $-63.25 Million |
| 2008 | 9.13% | 5.76% | 0.45x | 3.53x | $-61.32 Million |
| 2009 | 9.22% | 7.06% | 0.38x | 3.45x | $-57.94 Million |
| 2010 | 9.23% | 7.33% | 0.38x | 3.34x | $-63.02 Million |
| 2011 | 9.92% | 7.89% | 0.36x | 3.48x | $-7.05 Million |
| 2012 | 10.20% | 8.94% | 0.33x | 3.51x | $17.82 Million |
| 2013 | 9.91% | 8.69% | 0.32x | 3.54x | $-8.36 Million |
| 2014 | 10.00% | 8.74% | 0.32x | 3.62x | $-142.20K |
| 2015 | 9.29% | 8.93% | 0.28x | 3.68x | $-75.61 Million |
| 2016 | 10.19% | 10.11% | 0.27x | 3.73x | $21.29 Million |
| 2017 | 10.02% | 10.07% | 0.27x | 3.76x | $2.50 Million |
| 2018 | 10.32% | 10.93% | 0.25x | 3.76x | $38.80 Million |
| 2019 | 10.36% | 11.90% | 0.23x | 3.81x | $48.10 Million |
| 2020 | 10.11% | 12.78% | 0.21x | 3.70x | $15.50 Million |
| 2021 | 10.23% | 11.89% | 0.23x | 3.71x | $35.80 Million |
| 2022 | 10.41% | 11.34% | 0.25x | 3.67x | $68.50 Million |
| 2023 | 10.05% | 12.47% | 0.22x | 3.64x | $9.40 Million |
| 2024 | 9.92% | 14.40% | 0.19x | 3.59x | $-16.20 Million |
| 2025 | 8.55% | 13.76% | 0.16x | 3.85x | $-342.90 Million |
Industry Comparison
This section compares Xcel Energy Inc's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $30,028,837,500
- Average return on equity (ROE) among peers: 15.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xcel Energy Inc (XEL) | $23.61 Billion | 11.39% | 2.85x | $48.16 Billion |
| Aboitiz Equity Ventures Inc (ABOIF) | $113.50 Billion | 21.11% | 0.96x | $1.55 Billion |
| Ameren Corp (AEE) | $4.55 Billion | 11.50% | 2.12x | $30.51 Billion |
| American Electric Power Co Inc (AEP) | $5.05 Billion | 9.89% | 2.11x | $71.56 Billion |
| Avangrid Inc (AGR) | $500.50 Million | 10.07% | 2.97x | $2.56 Billion |
| Central Puerto S.A. (CEPU) | $32.93 Billion | 53.20% | 0.74x | $2.49 Billion |
| CLP Holdings Ltd (CLPHY) | $126.71 Billion | 6.81% | 0.89x | $14.34 Billion |
| CMS Energy Corporation (CMS) | $4.48 Billion | 10.27% | 4.15x | $23.53 Billion |
| CenterPoint Energy Inc (CNP) | $10.04 Billion | 10.52% | 2.84x | $27.76 Billion |
| The Connecticut Light and Power Company (CNTHP) | $2.37 Billion | 9.12% | 2.52x | $512.98K |
| Caribbean Utilities Company Ltd (CUPUF) | $142.47 Million | 16.68% | 1.58x | $224.77 Million |