Xcel Energy Gross Margin 2010-2024 | XEL
- Xcel Energy average gross margin for 2023 was 57.52%, a 4.34% increase from 2022.
- Xcel Energy average gross margin for 2022 was 55.13%, a 4.35% increase from 2021.
- Xcel Energy average gross margin for 2021 was 57.64%, a 8.78% decline from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.