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Side-by-side financial comparison of Campbell's Company (The) (CPB) and Xcel Energy (XEL). Click either name above to swap in a different company.

Xcel Energy is the larger business by last-quarter revenue ($3.6B vs $2.7B, roughly 1.3× Campbell's Company (The)). Xcel Energy runs the higher net margin — 15.9% vs 7.2%, a 8.7% gap on every dollar of revenue. On growth, Xcel Energy posted the faster year-over-year revenue change (14.1% vs -3.4%). Campbell's Company (The) produced more free cash flow last quarter ($97.0M vs $-3.2B). Over the past eight quarters, Campbell's Company (The)'s revenue compounded faster (4.4% CAGR vs -1.2%).

The Campbell's Company is an American company, most closely associated with its flagship canned soup products. The classic red-and-white can design used by many Campbell's branded products has become an American icon, and its use in pop art was typified by American artist Andy Warhol's series of Campbell's Soup Cans prints.

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.

CPB vs XEL — Head-to-Head

Bigger by revenue
XEL
XEL
1.3× larger
XEL
$3.6B
$2.7B
CPB
Growing faster (revenue YoY)
XEL
XEL
+17.6% gap
XEL
14.1%
-3.4%
CPB
Higher net margin
XEL
XEL
8.7% more per $
XEL
15.9%
7.2%
CPB
More free cash flow
CPB
CPB
$3.3B more FCF
CPB
$97.0M
$-3.2B
XEL
Faster 2-yr revenue CAGR
CPB
CPB
Annualised
CPB
4.4%
-1.2%
XEL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CPB
CPB
XEL
XEL
Revenue
$2.7B
$3.6B
Net Profit
$194.0M
$567.0M
Gross Margin
29.6%
Operating Margin
12.6%
16.3%
Net Margin
7.2%
15.9%
Revenue YoY
-3.4%
14.1%
Net Profit YoY
-11.0%
22.2%
EPS (diluted)
$0.65
$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
CPB
CPB
XEL
XEL
Q4 25
$2.7B
$3.6B
Q3 25
$2.3B
$3.9B
Q2 25
$2.5B
$3.3B
Q1 25
$2.7B
$3.9B
Q4 24
$2.8B
$3.1B
Q3 24
$2.3B
$3.6B
Q2 24
$2.4B
$3.0B
Q1 24
$2.5B
$3.6B
Net Profit
CPB
CPB
XEL
XEL
Q4 25
$194.0M
$567.0M
Q3 25
$145.0M
$524.0M
Q2 25
$66.0M
$444.0M
Q1 25
$173.0M
$483.0M
Q4 24
$218.0M
$464.0M
Q3 24
$-3.0M
$682.0M
Q2 24
$133.0M
$302.0M
Q1 24
$203.0M
$488.0M
Gross Margin
CPB
CPB
XEL
XEL
Q4 25
29.6%
Q3 25
30.4%
Q2 25
29.4%
Q1 25
30.5%
Q4 24
31.3%
Q3 24
29.4%
Q2 24
30.9%
Q1 24
31.6%
Operating Margin
CPB
CPB
XEL
XEL
Q4 25
12.6%
16.3%
Q3 25
11.6%
19.1%
Q2 25
6.5%
17.6%
Q1 25
12.2%
17.3%
Q4 24
13.2%
11.1%
Q3 24
3.4%
25.0%
Q2 24
10.5%
14.8%
Q1 24
12.9%
18.6%
Net Margin
CPB
CPB
XEL
XEL
Q4 25
7.2%
15.9%
Q3 25
6.2%
13.4%
Q2 25
2.7%
13.5%
Q1 25
6.4%
12.4%
Q4 24
7.9%
14.9%
Q3 24
-0.1%
18.7%
Q2 24
5.6%
10.0%
Q1 24
8.3%
13.4%
EPS (diluted)
CPB
CPB
XEL
XEL
Q4 25
$0.65
$0.95
Q3 25
$0.49
$0.88
Q2 25
$0.22
$0.75
Q1 25
$0.58
$0.84
Q4 24
$0.72
$0.81
Q3 24
$-0.01
$1.21
Q2 24
$0.44
$0.54
Q1 24
$0.68
$0.88

Balance Sheet & Financial Strength

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

Metric
CPB
CPB
XEL
XEL
Cash + ST InvestmentsLiquidity on hand
$168.0M
Total DebtLower is stronger
$6.1B
$31.8B
Stockholders' EquityBook value
$4.0B
$23.6B
Total Assets
$15.2B
$81.4B
Debt / EquityLower = less leverage
1.54×
1.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CPB
CPB
XEL
XEL
Q4 25
$168.0M
Q3 25
$132.0M
$1.1B
Q2 25
$143.0M
$1.5B
Q1 25
$829.0M
$1.1B
Q4 24
$808.0M
$179.0M
Q3 24
$108.0M
$1.5B
Q2 24
$107.0M
$1.6B
Q1 24
$169.0M
$501.0M
Total Debt
CPB
CPB
XEL
XEL
Q4 25
$6.1B
$31.8B
Q3 25
$6.1B
$32.0B
Q2 25
$6.1B
$31.1B
Q1 25
$6.5B
$29.4B
Q4 24
$6.7B
$27.3B
Q3 24
$5.8B
$27.5B
Q2 24
$5.8B
$27.7B
Q1 24
$4.5B
$26.4B
Stockholders' Equity
CPB
CPB
XEL
XEL
Q4 25
$4.0B
$23.6B
Q3 25
$3.9B
$21.2B
Q2 25
$3.9B
$21.0B
Q1 25
$3.9B
$19.8B
Q4 24
$3.8B
$19.5B
Q3 24
$3.8B
$19.4B
Q2 24
$3.9B
$18.0B
Q1 24
$3.8B
$17.8B
Total Assets
CPB
CPB
XEL
XEL
Q4 25
$15.2B
$81.4B
Q3 25
$14.9B
$79.2B
Q2 25
$14.8B
$75.3B
Q1 25
$15.9B
$72.7B
Q4 24
$16.1B
$70.0B
Q3 24
$15.2B
$69.3B
Q2 24
$15.2B
$67.9B
Q1 24
$12.1B
$65.6B
Debt / Equity
CPB
CPB
XEL
XEL
Q4 25
1.54×
1.35×
Q3 25
1.56×
1.51×
Q2 25
1.58×
1.48×
Q1 25
1.66×
1.48×
Q4 24
1.75×
1.40×
Q3 24
1.52×
1.42×
Q2 24
1.47×
1.54×
Q1 24
1.17×
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
CPB
CPB
XEL
XEL
Operating Cash FlowLast quarter
$224.0M
$209.0M
Free Cash FlowOCF − Capex
$97.0M
$-3.2B
FCF MarginFCF / Revenue
3.6%
-90.7%
Capex IntensityCapex / Revenue
4.7%
96.5%
Cash ConversionOCF / Net Profit
1.15×
0.37×
TTM Free Cash FlowTrailing 4 quarters
$687.0M
$-6.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CPB
CPB
XEL
XEL
Q4 25
$224.0M
$209.0M
Q3 25
$259.0M
$1.8B
Q2 25
$135.0M
$1.1B
Q1 25
$512.0M
$1.0B
Q4 24
$225.0M
$664.0M
Q3 24
$288.0M
$1.7B
Q2 24
$213.0M
$1.2B
Q1 24
$510.0M
$1.1B
Free Cash Flow
CPB
CPB
XEL
XEL
Q4 25
$97.0M
$-3.2B
Q3 25
$129.0M
$-1.3B
Q2 25
$50.0M
$-1.3B
Q1 25
$411.0M
$-960.0M
Q4 24
$115.0M
$-1.6B
Q3 24
$147.0M
$-42.0M
Q2 24
$100.0M
$-641.0M
Q1 24
$390.0M
$-487.0M
FCF Margin
CPB
CPB
XEL
XEL
Q4 25
3.6%
-90.7%
Q3 25
5.6%
-33.0%
Q2 25
2.0%
-40.9%
Q1 25
15.3%
-24.6%
Q4 24
4.1%
-49.8%
Q3 24
6.4%
-1.2%
Q2 24
4.2%
-21.2%
Q1 24
15.9%
-13.3%
Capex Intensity
CPB
CPB
XEL
XEL
Q4 25
4.7%
96.5%
Q3 25
5.6%
78.0%
Q2 25
3.4%
73.8%
Q1 25
3.8%
50.9%
Q4 24
4.0%
71.1%
Q3 24
6.1%
48.8%
Q2 24
4.8%
60.5%
Q1 24
4.9%
42.1%
Cash Conversion
CPB
CPB
XEL
XEL
Q4 25
1.15×
0.37×
Q3 25
1.79×
3.37×
Q2 25
2.05×
2.43×
Q1 25
2.96×
2.13×
Q4 24
1.03×
1.43×
Q3 24
2.55×
Q2 24
1.60×
3.94×
Q1 24
2.51×
2.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CPB
CPB

Baked Snacks$995.0M37%
Snacks$914.0M34%
Simple Meals$580.0M22%
Beverages$168.0M6%

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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