• Xcel Energy average return on tangible equity for 2023 was 10.44, a 1.04% decline from 2022.
• Xcel Energy average return on tangible equity for 2022 was 10.55, a 1.68% decline from 2021.
• Xcel Energy average return on tangible equity for 2021 was 10.73, a 0.56% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.