What is Xcel Energy's stock-based comp?

Xcel Energy (XEL) reported stock-based comp of $11M in Q1 2026.

How has Xcel Energy's stock-based comp changed year-over-year?

Xcel Energy's stock-based comp increased by 22.2% year-over-year, from $9M to $11M.

What is the long-term trend for Xcel Energy's stock-based comp?

Over 4 years (2021 to 2025), Xcel Energy's stock-based comp has grown at a 9.5% compound annual growth rate (CAGR), from $32M to $46M.

What does stock-based comp mean?

Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

Xcel Energy XEL Stock-Based Comp

Stock-Based Comp at other companies

MDU Resources GroupMDU

$1.93M+17.4%

BKH

Black HillsBKH

$3.2M+23.1%

OTT

Otter TailOTTR

$6.38M+10.8%

NorthWestern Energy Group, Inc.NWE

$2.05M-10.5%

Portland General ElectricPOR

$4M-33.3%

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$50.13B+30.9%

Enterprise value$87.61B+24.8%

P/E24×+5.5×

P/S4.3×—

Profitability

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Gross margin66.6%—

Operating margin17.2%—

Net margin11.1%—

FCF margin-9.5%—

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

Reported directly by Xcel Energy in its filing.

Tagged under the XBRL concept us-gaap:ShareBasedCompensation.

The official record: Xcel Energy’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Xcel Energy's stock-based comp?: Xcel Energy (XEL) reported stock-based comp of $11M in Q1 2026.
How has Xcel Energy's stock-based comp changed year-over-year?: Xcel Energy's stock-based comp increased by 22.2% year-over-year, from $9M to $11M.
What is the long-term trend for Xcel Energy's stock-based comp?: Over 4 years (2021 to 2025), Xcel Energy's stock-based comp has grown at a 9.5% compound annual growth rate (CAGR), from $32M to $46M.
What does stock-based comp mean?: Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.