Xcel Energy Inc (XEL) - Net Assets
Based on the latest financial reports, Xcel Energy Inc (XEL) has net assets worth $24.06 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($87.17 Billion) and total liabilities ($63.11 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. Check strategic asset allocation of Xcel Energy Inc to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $24.06 Billion |
| % of Total Assets | 27.6% |
| 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. For live market cap and overall valuation, see XEL market cap overview.
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. Also explore XEL net assets growth trend to track the company's year-over-year net asset growth rate.
| 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 grown by 678.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $9.21 Billion | 39.00% |
| Common Stock | $1.56 Billion | 6.60% |
| Other Comprehensive Income | $-63.00 Million | -0.27% |
| Other Components | $12.91 Billion | 54.67% |
| 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 |
|---|---|
|
Infosys Limited
NSE:INFY
|
$45.09 Billion |
|
Westinghouse Air Brake Technologies Corp
NYSE:WAB
|
$45.10 Billion |
|
PayPal Holdings Inc
NASDAQ:PYPL
|
$45.25 Billion |
|
ArcelorMittal SA ADR
NYSE:MT
|
$45.32 Billion |
|
Commerzbank AG
F:ZZMS
|
$44.96 Billion |
|
Cheniere Energy Inc
NYSE MKT:LNG
|
$44.96 Billion |
|
DSV Panalpina A/S
CO:DSV
|
$44.89 Billion |
|
UCB S.A. UNSP.ADR 1/2
F:UNC0
|
$44.84 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.
- Dividend payments of 1,282,000,000 reduced retained earnings.
- New share issuances of 3,349,000,000 increased equity.
- Other comprehensive income increased equity by 5,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.02 Billion | +8.55% |
| Dividends Paid | $1.28 Billion | -5.43% |
| Share Issuances | $3.35 Billion | +14.19% |
| Other Comprehensive Income | $5.00 Million | +0.02% |
| Other Changes | $-3.00 Million | -0.01% |
| 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: 1.80x
- 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 4.50x to 1.80x 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 | $72.06 | x |
| 1995-12-31 | $16.88 | $72.06 | x |
| 1996-12-31 | $17.30 | $72.06 | x |
| 1997-12-31 | $18.31 | $72.06 | x |
| 1998-12-31 | $17.20 | $72.06 | x |
| 1999-12-31 | $8.02 | $72.06 | x |
| 2000-12-31 | $16.77 | $72.06 | x |
| 2001-12-31 | $18.33 | $72.06 | x |
| 2002-12-31 | $12.39 | $72.06 | x |
| 2003-12-31 | $12.58 | $72.06 | x |
| 2004-12-31 | $12.54 | $72.06 | x |
| 2005-12-31 | $12.92 | $72.06 | x |
| 2006-12-31 | $13.78 | $72.06 | x |
| 2007-12-31 | $14.79 | $72.06 | x |
| 2008-12-31 | $16.00 | $72.06 | x |
| 2009-12-31 | $16.16 | $72.06 | x |
| 2010-12-31 | $17.67 | $72.06 | x |
| 2011-12-31 | $17.47 | $72.06 | x |
| 2012-12-31 | $18.17 | $72.06 | x |
| 2013-12-31 | $19.27 | $72.06 | x |
| 2014-12-31 | $20.26 | $72.06 | x |
| 2015-12-31 | $20.86 | $72.06 | x |
| 2016-12-31 | $21.63 | $72.06 | x |
| 2017-12-31 | $22.50 | $72.06 | x |
| 2018-12-31 | $23.92 | $72.06 | x |
| 2019-12-31 | $25.46 | $72.06 | x |
| 2020-12-31 | $27.60 | $72.06 | x |
| 2021-12-31 | $28.91 | $72.06 | x |
| 2022-12-31 | $30.48 | $72.06 | x |
| 2023-12-31 | $31.91 | $72.06 | x |
| 2024-12-31 | $34.67 | $72.06 | x |
| 2025-12-31 | $40.08 | $72.06 | 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: 0.18x
- • Equity Multiplier: 3.45x
- 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% | 0.18x | 3.45x | $-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: $16,377,397,200
- Average return on equity (ROE) among peers: 12.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xcel Energy Inc (XEL) | $24.06 Billion | 11.39% | 2.62x | $45.01 Billion |
| Ameren Corp (AEE) | $6.69 Billion | 4.32% | 2.15x | $28.14 Billion |
| American Electric Power Co Inc (AEP) | $5.01 Billion | 19.42% | 3.29x | $65.44 Billion |
| CMS Energy Corporation (CMS) | $2.94 Billion | 7.79% | 4.19x | $20.15 Billion |
| CenterPoint Energy Inc (CNP) | $9.41 Billion | 15.78% | 3.00x | $24.93 Billion |
| Dominion Energy Inc (D) | $16.84 Billion | 12.61% | 3.25x | $54.91 Billion |
| DTE Energy Company (DTE) | $5.91 Billion | 16.42% | 3.02x | $26.09 Billion |
| Duke Energy Corporation (DUK) | $47.95 Billion | 7.82% | 2.31x | $90.69 Billion |
| Consolidated Edison Inc (ED) | $24.19 Billion | 8.36% | 2.08x | $38.27 Billion |
| Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) | $30.97 Billion | 29.05% | 1.49x | $519.48 Million |
| Edison International (EIX) | $13.87 Billion | 4.97% | 2.79x | $21.18 Billion |
About Xcel Energy Inc
Xcel Energy Inc., through its subsidiaries, operates as an electric and natural gas delivery company in the United States. It operates through Regulated Electric Utility and Regulated Natural Gas Utility segments. The company generates, purchases, transmits, distributes, and sells electricity through its energy portfolio, including wind, nuclear, hydroelectric, biomass, and solar power from both … Read more