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Side-by-side financial comparison of BARRICK MINING CORP (B) and Xcel Energy (XEL). Click either name above to swap in a different company.

BARRICK MINING CORP is the larger business by last-quarter revenue ($3.7B vs $3.6B, roughly 1.0× Xcel Energy). BARRICK MINING CORP runs the higher net margin — 34.1% vs 15.9%, a 18.2% gap on every dollar of revenue. On growth, BARRICK MINING CORP posted the faster year-over-year revenue change (16.4% vs 14.1%).

Barrick Mining Corporation is a mining company that produces gold and copper. It has mining operations and projects in Argentina, Canada, Chile, Democratic Republic of the Congo, Dominican Republic, Ecuador, Egypt, Jamaica, Mali, Pakistan, Papua New Guinea, Peru, Saudi Arabia, Senegal, Tanzania, the United States and Zambia. In 2024, it produced 3.91 million ounces of gold at all-in sustaining costs of $1,484/ounce and 195,000 tonnes of copper at all-in sustaining costs of $3.45/pound. As of ...

Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving approximately 3.9 million electricity customers and 2.2 million natural gas customers across parts of eight states as of mid-2025. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.

B vs XEL — Head-to-Head

Bigger by revenue
B
B
1.0× larger
B
$3.7B
$3.6B
XEL
Growing faster (revenue YoY)
B
B
+2.3% gap
B
16.4%
14.1%
XEL
Higher net margin
B
B
18.2% more per $
B
34.1%
15.9%
XEL

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
B
B
XEL
XEL
Revenue
$3.7B
$3.6B
Net Profit
$1.3B
$567.0M
Gross Margin
49.0%
Operating Margin
38.5%
16.3%
Net Margin
34.1%
15.9%
Revenue YoY
16.4%
14.1%
Net Profit YoY
98.1%
22.2%
EPS (diluted)
$0.47
$0.95

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
B
B
XEL
XEL
Q4 25
$3.6B
Q3 25
$3.9B
Q2 25
$3.7B
$3.3B
Q1 25
$3.9B
Q4 24
$3.1B
Q3 24
$3.6B
Q2 24
$3.2B
$3.0B
Q1 24
$3.6B
Net Profit
B
B
XEL
XEL
Q4 25
$567.0M
Q3 25
$524.0M
Q2 25
$1.3B
$444.0M
Q1 25
$483.0M
Q4 24
$464.0M
Q3 24
$682.0M
Q2 24
$634.0M
$302.0M
Q1 24
$488.0M
Gross Margin
B
B
XEL
XEL
Q4 25
Q3 25
Q2 25
49.0%
Q1 25
Q4 24
Q3 24
Q2 24
37.4%
Q1 24
Operating Margin
B
B
XEL
XEL
Q4 25
16.3%
Q3 25
19.1%
Q2 25
38.5%
17.6%
Q1 25
17.3%
Q4 24
11.1%
Q3 24
25.0%
Q2 24
34.5%
14.8%
Q1 24
18.6%
Net Margin
B
B
XEL
XEL
Q4 25
15.9%
Q3 25
13.4%
Q2 25
34.1%
13.5%
Q1 25
12.4%
Q4 24
14.9%
Q3 24
18.7%
Q2 24
20.1%
10.0%
Q1 24
13.4%
EPS (diluted)
B
B
XEL
XEL
Q4 25
$0.95
Q3 25
$0.88
Q2 25
$0.47
$0.75
Q1 25
$0.84
Q4 24
$0.81
Q3 24
$1.21
Q2 24
$0.21
$0.54
Q1 24
$0.88

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
B
B
XEL
XEL
Cash + ST InvestmentsLiquidity on hand
$4.8B
Total DebtLower is stronger
$31.8B
Stockholders' EquityBook value
$33.4B
$23.6B
Total Assets
$47.3B
$81.4B
Debt / EquityLower = less leverage
1.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
B
B
XEL
XEL
Q4 25
Q3 25
$1.1B
Q2 25
$4.8B
$1.5B
Q1 25
$1.1B
Q4 24
$179.0M
Q3 24
$1.5B
Q2 24
$4.0B
$1.6B
Q1 24
$501.0M
Total Debt
B
B
XEL
XEL
Q4 25
$31.8B
Q3 25
$32.0B
Q2 25
$31.1B
Q1 25
$29.4B
Q4 24
$27.3B
Q3 24
$27.5B
Q2 24
$27.7B
Q1 24
$26.4B
Stockholders' Equity
B
B
XEL
XEL
Q4 25
$23.6B
Q3 25
$21.2B
Q2 25
$33.4B
$21.0B
Q1 25
$19.8B
Q4 24
$19.5B
Q3 24
$19.4B
Q2 24
$32.5B
$18.0B
Q1 24
$17.8B
Total Assets
B
B
XEL
XEL
Q4 25
$81.4B
Q3 25
$79.2B
Q2 25
$47.3B
$75.3B
Q1 25
$72.7B
Q4 24
$70.0B
Q3 24
$69.3B
Q2 24
$46.2B
$67.9B
Q1 24
$65.6B
Debt / Equity
B
B
XEL
XEL
Q4 25
1.35×
Q3 25
1.51×
Q2 25
1.48×
Q1 25
1.48×
Q4 24
1.40×
Q3 24
1.42×
Q2 24
1.54×
Q1 24
1.48×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
B
B
XEL
XEL
Operating Cash FlowLast quarter
$1.3B
$209.0M
Free Cash FlowOCF − Capex
$-3.2B
FCF MarginFCF / Revenue
-90.7%
Capex IntensityCapex / Revenue
96.5%
Cash ConversionOCF / Net Profit
1.06×
0.37×
TTM Free Cash FlowTrailing 4 quarters
$-6.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
B
B
XEL
XEL
Q4 25
$209.0M
Q3 25
$1.8B
Q2 25
$1.3B
$1.1B
Q1 25
$1.0B
Q4 24
$664.0M
Q3 24
$1.7B
Q2 24
$1.2B
$1.2B
Q1 24
$1.1B
Free Cash Flow
B
B
XEL
XEL
Q4 25
$-3.2B
Q3 25
$-1.3B
Q2 25
$-1.3B
Q1 25
$-960.0M
Q4 24
$-1.6B
Q3 24
$-42.0M
Q2 24
$-641.0M
Q1 24
$-487.0M
FCF Margin
B
B
XEL
XEL
Q4 25
-90.7%
Q3 25
-33.0%
Q2 25
-40.9%
Q1 25
-24.6%
Q4 24
-49.8%
Q3 24
-1.2%
Q2 24
-21.2%
Q1 24
-13.3%
Capex Intensity
B
B
XEL
XEL
Q4 25
96.5%
Q3 25
78.0%
Q2 25
73.8%
Q1 25
50.9%
Q4 24
71.1%
Q3 24
48.8%
Q2 24
60.5%
Q1 24
42.1%
Cash Conversion
B
B
XEL
XEL
Q4 25
0.37×
Q3 25
3.37×
Q2 25
1.06×
2.43×
Q1 25
2.13×
Q4 24
1.43×
Q3 24
2.55×
Q2 24
1.83×
3.94×
Q1 24
2.15×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

B
B

Segment breakdown not available.

XEL
XEL

Retail Distribution$2.3B64%
Regulated Natural Gas Segment$737.0M21%
Alternativeand Other$212.0M6%
Transmission Services$164.0M5%
Wholesale Distribution$159.0M4%
Other Services$8.0M0%

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