Xcel Energy Inc. — Earnings Quality Grade F
XEL · Utilities
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 33 days, change -1 days YoY
AR growth 6.5% vs revenue growth 9.1%
Revenue 9.1%, CFFO -12.0%. Cash follows revenue
Expense Quality
Inventory 14.3% vs COGS 6.2%. Normal
CapEx growth 48.1% is >2x revenue growth 9.1%
Insufficient data
Gross margin 47.2%, change +1.5pp. Stable
Cash Flow Quality
CFFO/NI = 2.02. Profits backed by cash
FCF < 50% of Net Income for 3 years
Accruals ratio = -2.5%. Low accruals
Cash $0.3B covers only 1% of debt $34.8B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 5.6x (>4x). Financial stress
Other assets grew 97.7% vs revenue 9.1%
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
No goodwill
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-08