NEE

Nextera Energy
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NEE

Arincen57/100B

Nextera Energy financials

Yes. Nextera Energy earned 11.64B USD of net income over the last twelve months, 40.4% of its revenue. It made a profit in 40 of its 41 fiscal years since 1985. Its last loss was in fiscal year 1990.

Revenue (TTM)
28.83B USD
Net income (TTM)
11.64B USD
Free cash flow (TTM)
-1.62B USD
Cash and short-term investments
5.58B USD
Total debt
113.93B USD
Shareholders' equity
61.50B USD

Cash, debt and equity as of 30 Sept 2026.

Nextera Energy earnings

Next earnings · Q4 FY2026
EPS estimate
0.59 USD
Revenue estimate
7.81B USD
Last quarter · Q3 FY2026
EPS1.24Beat +3.3%Revenue8.09BMissed -4.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20281.44———9.57B———
Q2 FY20281.36———8.96B———
Q1 FY20281.21———8.00B———
Q4 FY20260.59——+11.32%7.81B——+20.12%
Q3 FY20261.201.24+3.33%+9.73%8.47B8.09B-4.52%+1.56%
Q2 FY20261.091.15+5.50%+9.52%8.11B7.53B-7.08%+12.45%
Q1 FY20261.031.09+5.83%+10.10%7.27B6.70B-7.77%+7.27%
Q4 FY20250.560.53-5.36%0.00%6.72B6.50B-3.34%+20.71%
Q3 FY20250.971.13+16.86%+9.71%8.12B7.97B-1.95%+5.27%
Q2 FY20251.011.05+3.96%+9.38%7.21B6.70B-7.13%+10.40%

Nextera Energy growth and profitability

Full income statement
Revenue (TTM)
28.83B USD
Net income (TTM)
11.64B USD
Gross margin
63.09%
Operating margin
30.03%
Net margin
40.37%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202527.48B+11.00%6.83B-1.61%62.80%30.14%24.87%16.04B+14.32%
FY202424.75B-11.95%6.95B-4.98%60.06%30.21%28.06%14.03B-16.29%
FY202328.11B+34.16%7.31B+76.27%63.94%36.41%26.00%16.76B+82.07%
FY202220.96B+22.77%4.15B+16.06%48.38%19.47%19.79%9.21B+6.33%
FY202117.07B-5.16%3.57B+22.40%50.16%17.07%20.93%8.66B-0.22%

How Nextera Energy makes its money

Revenue27.48B 100.0%
Cost of revenue10.22B 37.2%
Gross profit17.26B 62.8%
Other operating expenses8.98B 32.7%
Operating income8.28B 30.1%
Other expense2.25B 8.2%
Net income6.83B 24.9%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Nextera Energy revenue breakdown

By product

FY2025
FPL: 67.6%NEER: 32.4%67.6%FPL32.4%NEER
SegmentRevenueShare of revenueChange on the year
FPL18.26B67.6%—
NEER8.76B32.4%+16.1%

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY202512.49B3.21B
FY202413.26B4.75B
FY202311.30B1.75B
FY20228.26B-1.48B
FY20217.55B-277.00M
FY20207.98B224.00M
FY20198.16B-2.92B
FY20186.59B583.00M
FY20176.46B1.01B
FY20166.37B2.13B

Nextera Energy financial health

Full balance sheet
Cash and short-term investments
5.58B USD
Total debt
113.93B USD
Net cash
-108.35B USD
Free cash flow (TTM)
-1.62B USD
Current ratio
0.53
Debt to equity
1.85
Piotroski score
4 / 9
Altman Z-score
1.06

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20252.81B95.62B3.21B
FY20241.49B82.33B4.75B
FY20232.69B73.21B1.75B
FY20221.60B64.97B-1.48B
FY2021639.00M54.83B-277.00M

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY2025212.72B146.24B54.61B
FY2024190.14B129.28B50.10B
FY2023177.49B118.47B47.47B
FY2022158.94B109.50B39.23B
FY2021140.91B95.24B37.20B
FY2020127.68B82.76B36.51B
FY2019117.69B76.33B37.01B
FY2018103.70B66.29B34.14B
FY201797.83B68.33B28.21B
FY201689.99B64.66B24.34B

Nextera Energy valuation

Price to earnings ratio (TTM)
15.41
Forward P/E (FY2026)
21.36
Price to sales (TTM)
6.26
Price to book
2.93
EV / EBITDA (TTM)
16.76

Capital structure

Market capitalization
180.33B USD
+
Total debt
113.93B USD
−
Cash and short-term investments
5.58B USD
=
Enterprise value
288.68B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)18.06————
FY2027 (est.)19.6118.06———
FY2026 (est.)21.3619.61———
Now (TTM)15.4119.826.262.9316.76
FY202524.2519.956.103.0716.24
FY202421.2119.405.962.9416.27
FY202316.8317.754.382.5911.55
FY202239.7726.717.874.2024.79
FY202151.2832.3810.734.9227.42

Nextera Energy against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Southern Company (The) Series 2, The Southern, The Southern, Duke Energy, American Electric Power Company, and Dominion Energy, the US Regulated Electric companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median15.4
    12.2109.4
  • Gross marginAbove its median62.8%
    48.4%63.9%
    Against its peers: 1 of 7Peers' median 30.7%
  • Operating marginAt its median30.1%
    17.1%36.4%
    Against its peers: 1 of 7Peers' median 24.6%
  • Net marginAt its median24.9%
    19.8%28.1%
    Against its peers: 1 of 7Peers' median 15.0%
  • Return on equityAt its median12.5%
    9.6%15.4%
    Against its peers: 1 of 7Peers' median 11.8%
  • Free cash flow marginAbove its median11.7%
    -7.1%19.2%
    Against its peers: 2 of 7Peers' median -9.9%
  • Revenue growthAt its median11.0%
    -12.0%34.2%
    Against its peers: 2 of 7Peers' median 10.6%
  • EPS growthBelow its median-2.4%
    -6.4%71.8%
    Against its peers: 7 of 7Peers' median 4.4%
  • Debt to EBITDAAt its median5.96×
    4.37×7.06×
    Against its peers: 7 of 7Peers' median 5.27×
  • Current ratioHighest in 5 years0.60
    0.470.60
    Against its peers: 5 of 7Peers' median 0.65

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Nextera Energy dividends

Annual dividend
2.49 USD
Dividend yield (indicated)
2.90%
Payout ratio
54.83%
Years of dividend growth
31
Frequency
Quarterly
Next payment
0.62 USD
Next ex-dividend date
27 Nov 2026
Next payment date
15 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.272.061.871.701.541.401.251.110.980.87

Nextera Energy ownership

Institutions
85.36%
Institutional holders
3,138 (-1)
Free float
99.70%

Who owns the shares

Institutions 85.4% Others 14.6%
As of 30 Jun 2026

Shares free to trade

Free float 2.09B shares ·99.7% Closely held 6.26M shares ·0.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026011.89K17.23K
Q3 202600799.0085.00
Q2 202600780.001.25K
Q1 2026011955.02K396.41K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20252.09B2.07B+0.56%
FY20242.06B2.06B+1.39%
FY20232.03B2.03B+2.64%
FY20221.97B1.98B+0.32%
FY20211.96B1.97B+0.17%

Common questions about Nextera Energy's financials

Source: Financial Modeling PrepVerified against SEC filings