What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Xcel Energy XEL Free cash flow margin

Discontinued — last reported Q3 '19

Free cash flow margin at other companies

MDU Resources GroupMDU

-20.2%-23.2pp

Nextra EnergyNEE

10.5%-8.7pp

WEC Energy GroupWEC

-10.7%—

BKH

Black HillsBKH

-13.7%-14.0pp

MGE EnergyMGEE

-17%—

Duke EnergyDUK

-1.8%—

Other financials

Income statement

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Operating income$754.0M+11.4%

Net income$556.0M+15.1%

EPS (diluted)$0.89+6.0%

Balance sheet

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Cash & equivalents$1.8B+56.7%

Total debt$39.2B+21.2%

Total equity$23.8B+20.2%

Total assets$84.8B+16.6%

Cash flow

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Operating cash flow$1.7B+65.1%

CapEx$3.0B+52.0%

Free cash flow-$1.3B-38.0%

Valuation

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Market cap$51.03B+32.8%

Enterprise value$88.52B+27.0%

P/E24.4×+4.5×

P/S4.4×—

Profitability

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Gross margin66.6%—

Operating margin17.2%—

Net margin11.1%—

Returns & leverage

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Return on equity9.6%-0.7pp

Debt / equity1.6×0.0×

Current ratio0.8×0.0×

Where this comes from

Calculated from Xcel Energy’s reported figures.

free cash flow/total revenue=-9.5%

Based on trailing twelve months.

The official record: Xcel Energy’s 10-Q, filed October 29, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.