Return On Equity	(Dec 31 2025) 2025	(Dec 31 2024) 2024	(Dec 31 2023) 2023	(Dec 31 2022) 2022	(Dec 31 2021) 2021
Y / Y Equity Change	20.94 %	10.82 %	5.64 %	6.81 %	7.11 %
Y / Y Net Income Change	4.24 %	9.32 %	2.02 %	8.7 %	8.42 %
Return On Equity	8.55 %	9.92 %	10.05 %	10.41 %	10.23 %

XEL all Ratios >> Back to XEL Management Effectiveness >> See Quarterly XEL Return On Equity

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Roe Comment

In (Dec 31 2025) ROE detoriated to 8.55 %, despite net income growth.

Financial Statements
Xcel Energy Inc 's Equity	$ 23,609 Millions	Annual XEL's Balance sheet
Xcel Energy Inc 's Annual Income	$ 2,018 Millions	Annual XEL's Income Statement
Where are XEL's Income coming from?		Visit XEL's Income by Segment

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