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XEL
Xcel Energy Inc.Stock · UtilitiesNasdaq-100 0.3% · S&P 500 0.1%
$81.69+$0.92 (+1.14%)as of market close, Jul 24, 2026
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How Xcel Energy makes money

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How does Xcel Energy make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Xcel Energy Inc. · FY2018 · year ended 2018-12-31
Revenue$11.5BGross profit$7.7B · 67%Cost of revenue$3.9B · 33%Operating income$2.0B · 17%Operating expenses$5.7B · 50%Other opex$5.7B · 50%Pre-tax income$1.4B · 12%Other expense$523M · 5%Net income$1.3B · 11%Income tax$181M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.