Xcel Energy Gross Margin 2010-2024 | XEL
- Xcel Energy average gross margin for 2023 was 56.23%, a 1.19% increase from 2022.
- Xcel Energy average gross margin for 2022 was 55.57%, a 5.17% increase from 2021.
- Xcel Energy average gross margin for 2021 was 58.6%, a 7.13% 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.