Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 20.98% is 18% above its 5-year average of 17.71%, around the middle of its 5-year range (11.12%–26.46%).
3.36% above its 12-month average of 20.30%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 22.73%.
OPERATING MARGIN
20.98%
OPERATING MARGIN AVG TTM
20.30%
OPERATING MARGIN AVG 3Y
18.76%
OPERATING MARGIN AVG 5Y
17.71%
OPERATING MARGIN AVG 10Y
17.96%
OPERATING MARGIN AVG 15Y
17.76%
OPERATING MARGIN AVG 20Y
15.67%
CURRENT VS TTM AVG
+3.36%
CURRENT VS 3Y AVG
+11.82%
CURRENT VS 5Y AVG
+18.50%
CURRENT VS 10Y AVG
+16.80%
CURRENT VS 15Y AVG
+18.14%
CURRENT VS 20Y AVG
+33.85%
SECTOR MEDIAN · UTILITIES
22.28%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-5.83%
vs the sector median at left
Xcel Energy Inc.
Market Cap
$45.28B
Operating Margin
20.98%
TTM Avg
20.30%
3Y Avg
18.76%
5Y Avg
17.71%
Market Cap
$43.47B
Operating Margin
20.79%
TTM Avg
19.98%
3Y Avg
18.97%
5Y Avg
16.56%
Market Cap
$48.03B
Operating Margin
22.22%
TTM Avg
22.95%
3Y Avg
20.59%
5Y Avg
19.26%
Market Cap
$38.78B
Operating Margin
17.98%
TTM Avg
17.62%
3Y Avg
16.92%
5Y Avg
18.31%
Market Cap
$35.24B
Operating Margin
19.99%
TTM Avg
18.93%
3Y Avg
16.65%
5Y Avg
14.64%
Market Cap
$35.09B
Operating Margin
23.14%
TTM Avg
23.68%
3Y Avg
23.56%
5Y Avg
18.18%
Market Cap
$56.18B
Operating Margin
25.13%
TTM Avg
24.60%
3Y Avg
20.82%
5Y Avg
19.21%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Xcel Energy Inc. (XEL) | $45.28B | 20.98% | 20.30% | 18.76% | 17.71% |
| Exelon Corporation (EXC)vs › | $43.47B | 20.79% | 19.98% | 18.97% | 16.56% |
| Vistra Corp. (VST)vs › | $47.72B | 2.34% | 20.00% | 20.00% | 14.33% |
| Entergy Corporation (ETR)vs › | $48.03B | 22.22% | 22.95% | 20.59% | 19.26% |
| Consolidated Edison, Inc. (ED)vs › | $38.78B | 17.98% | 17.62% | 16.92% | 18.31% |
| Sempra (SRE)vs › | $53.08B | 26.86% | 22.79% | 21.92% | 22.52% |
| PG&E Corporation (PCG)vs › | $35.24B | 19.99% | 18.93% | 16.65% | 14.64% |
| Public Service Enterprise Group Incorporated (PEG)vs › | $35.09B | 23.14% | 23.68% | 23.56% | 18.18% |
| Dominion Energy, Inc. (D)vs › | $56.18B | 25.13% | 24.60% | 20.82% | 19.21% |
| WEC Energy Group, Inc. (WEC)vs › | $33.72B | 24.12% | 24.63% | 22.69% | 22.49% |
Gross Margin
48.8%
Operating Margin
21.0%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 22.73% |
| 2026-03-31 | 18.20% |
| 2025-12-31 | 16.54% |
| 2025-09-30 | 26.46% |
| 2025-06-30 | 17.55% |
| 2025-03-31 | 17.33% |
| 2024-12-31 | 11.12% |
| 2024-09-30 | 25.00% |
| 2024-06-30 | 14.83% |
| 2024-03-31 | 18.61% |
| 2023-12-31 | 16.71% |
| 2023-09-30 | 24.99% |
| 2023-06-30 | 13.83% |
| 2023-03-31 | 14.04% |
| 2022-12-31 | 12.95% |
| 2022-09-30 | 22.64% |
| 2022-06-30 | 13.70% |
| 2022-03-31 | 13.60% |
| 2021-12-31 | 12.91% |
| 2021-09-30 | 23.80% |
| 2021-06-30 | 14.28% |
| 2021-03-31 | 14.32% |
| 2020-12-31 | 14.46% |
| 2020-09-30 | 25.55% |
| 2020-06-30 | 16.32% |
| 2020-03-31 | 16.19% |
| 2019-12-31 | 16.08% |
| 2019-09-30 | 25.16% |
| 2019-06-30 | 15.91% |
| 2019-03-31 | 15.47% |
| 2018-12-31 | 11.77% |
| 2018-09-30 | 22.83% |
| 2018-06-30 | 16.93% |
| 2018-03-31 | 16.27% |
| 2017-12-31 | 15.24% |
| 2017-09-30 | 27.12% |
| 2017-06-30 | 17.38% |
| 2017-03-31 | 16.50% |
| 2016-12-31 | 16.65% |
| 2016-09-30 | 27.20% |
| 2016-06-30 | 17.26% |
| 2016-03-31 | 17.67% |
| 2015-12-31 | 16.67% |
| 2015-09-30 | 27.08% |
| 2015-06-30 | 16.81% |
| 2015-03-31 | 11.84% |
| 2014-12-31 | 13.36% |
| 2014-09-30 | 23.20% |
| 2014-06-30 | 14.79% |
| 2014-03-31 | 15.42% |
| 2013-12-31 | 11.92% |
| 2013-09-30 | 23.57% |
| 2013-06-30 | 15.60% |
| 2013-03-31 | 16.34% |
| 2012-12-31 | 12.40% |
| 2012-09-30 | 26.44% |
| 2012-06-30 | 17.84% |
| 2012-03-31 | 14.75% |
| 2011-12-31 | 13.39% |
| 2011-09-30 | 23.01% |
| 2011-06-30 | 14.74% |
| 2011-03-31 | 15.15% |
| 2010-12-31 | 12.56% |
| 2010-09-30 | 21.63% |
| 2010-06-30 | 14.10% |
| 2010-03-31 | 14.38% |
| 2009-12-31 | 13.49% |
| 2009-09-30 | 20.10% |
| 2009-06-30 | 13.86% |
| 2009-03-31 | 13.76% |
| 2008-12-31 | 13.03% |
| 2008-09-30 | 15.71% |
| 2008-06-30 | 9.93% |
| 2008-03-31 | 10.90% |
| 2007-12-31 | 10.98% |
| 2007-09-30 | 20.66% |
| 2007-06-30 | 12.81% |
| 2007-03-31 | 10.06% |
| 2006-12-31 | 9.30% |
| 2006-09-30 | 17.01% |
| 2006-06-30 | 10.83% |
| 2006-03-31 | 10.83% |
| 2005-12-31 | 8.68% |
| 2005-09-30 | 15.95% |
| 2005-06-30 | 9.81% |
| 2005-03-31 | 11.48% |
| 2004-12-31 | 9.51% |
| 2004-09-30 | 17.12% |
| 2004-06-30 | 10.91% |
| 2004-03-31 | 13.89% |
| 2003-12-31 | 12.53% |
| 2003-09-30 | 18.04% |
| 2003-06-30 | 9.70% |
| 2003-03-31 | 14.82% |
| 2002-12-31 | 21.62% |
| 2002-09-30 | -102.75% |
