NextEra Energy Inc. (NEE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.03	$1.09	+5.8%	—	—	—
Q3 26	$0.53	$0.54	+1.9%	—	—	—
Q2 26	$1.02	$1.13	+10.8%	—	—	—
Q1 26	$1.01	$1.05	+4.0%	—	—	—
Q4 25	$0.98	$0.99	+1.0%	—	—	—
Q3 25	$0.53	$0.53	0.0%	—	—	—
Q2 25	$0.97	$1.03	+6.2%	—	—	—
Q1 25	$0.95	$0.96	+1.1%	—	—	—
Q4 24	$0.8	$0.91	+13.7%	—	—	—
Q3 24	$0.49	$0.52	+6.1%	—	—	—
Q2 24	$0.88	$0.94	+6.8%	—	—	—
Q1 24	$0.81	$0.88	+8.6%	—	—	—
Q4 23	$0.76	$0.84	+10.5%	—	—	—
Q3 23	$0.49	$0.51	+4.1%	—	—	—
Q2 23	$0.8	$0.85	+6.2%	—	—	—
Q1 23	$0.76	$0.81	+6.6%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.28	—	—	$27.4B	—
FY24	—	$3.38	—	—	$24.8B	—
FY23	—	$3.6	—	—	$28.1B	—
FY22	—	$2.09	—	—	$21B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$16.1B	$17.2B	$16.7B	$19.2B	$18B	$17.1B	$21B	$28.1B	$24.8B	$27.4B
YoY change	-7.71%	+6.41%	-2.6%	+14.8%	-6.29%	-5.16%	+22.8%	+34.2%	-12%	+10.7%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	16.1B	17.2B	16.7B	19.2B	18B	17.1B	21B	28.1B	24.8B	27.4B
Cost of revenue	7.5B	7.5B	7.1B	8B	7.3B	8.5B	10.8B	10.1B	9.9B	10.3B
Gross profit	8.6B	9.6B	9.7B	11.2B	10.7B	8.6B	10.1B	18B	14.9B	17.1B
Gross margin	53.4%	56.2%	57.8%	58.3%	59.5%	50.2%	48.4%	63.9%	60.1%	62.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	-86M	-92M	-96M	-67M	-93M	-142M	—	—	—	—
Operating income	4.2B	5.8B	4.2B	5.2B	4.9B	2.8B	3.6B	9.8B	7.1B	8B
Operating margin	25.7%	34%	25.1%	27%	27.5%	16.6%	17%	35%	28.8%	29.3%
Non-operating income, net	1.2B	308M	4.6B	904M	-583M	1.6B	858M	780M	1.1B	1.1B
Pretax income	4.4B	4.7B	7.4B	3.8B	2.4B	3.2B	3.8B	7.3B	6B	4.5B
Income tax	1.4B	-660M	1.6B	448M	44M	348M	586M	1B	339M	-802M
Net income	3B	5.3B	5.8B	3.4B	2.4B	2.8B	3.2B	6.3B	5.7B	5.3B
Net margin	18.6%	31%	34.5%	17.6%	13.2%	16.6%	15.5%	22.3%	23%	19.5%
EBITDA	8.3B	8.1B	9B	9.8B	8B	8.1B	9B	15.9B	13.2B	15.5B
EPS	1.56	2.85	3.47	1.93	1.49	1.81	2.09	3.6	3.38	3.28
Diluted EPS	1.56	2.85	3.47	1.93	1.48	1.81	2.09	3.6	3.37	3.28

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	8B	6.5B	6.7B	7.5B
Cost of revenue	—	—	—	—	—	—	—	—	2.8B	2.8B	2.8B	2.8B
Gross profit	—	—	—	—	—	—	—	—	5.1B	3.7B	4B	4.7B
Gross margin	—	—	—	—	—	—	—	—	64.4%	57.4%	58.9%	62.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	—	—	—	—	—	—	—	—	2.4B	1.5B	2B	2.3B
Operating margin	—	—	—	—	—	—	—	—	29.9%	23.4%	29.1%	30.2%
Non-operating income, net	—	—	—	—	—	—	—	—	654M	380M	535M	748M
Pretax income	—	—	—	—	—	—	—	—	1.9B	1.3B	1.2B	2.5B
Income tax	—	—	—	—	—	—	—	—	-250M	225M	-489M	-84M
Net income	—	—	—	—	—	—	—	—	2.1B	1.1B	1.7B	2.6B
Net margin	—	—	—	—	—	—	—	—	26.8%	16.8%	25.2%	34.8%
EBITDA	—	—	—	—	—	—	—	—	5B	3.5B	3.8B	4.6B
EPS	0.6	0.59	1.11	0.79	0.9	0.58	0.4	0.99	1.18	0.74	1.05	1.51
Diluted EPS	0.6	0.59	1.1	0.79	0.9	0.58	0.4	0.98	1.18	0.73	1.04	1.5

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	55.7B	73.6B	83.1B	118.4B	151.2B	184.3B	166.1B	123.3B	147.5B	167.2B	157.4B
Enterprise value	85.2B	106.9B	120.2B	160.4B	198.2B	238.5B	229.5B	193.9B	228.3B	260B	277.1B
Shares outstanding	1.9B	1.9B	1.9B	2B	2B	2B	2B	2B	2.1B	2.1B	2.1B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	18.6	13.8	14.4	35	63.8	65.2	51.2	19.6	25.9	31.4	16.9
P/S	3.45	4.28	4.97	6.17	8.4	10.8	7.93	4.39	5.96	6.1	5.47
P/B	2.2	2.49	2.22	2.86	3.37	4.06	3.44	2.14	2.42	2.52	2.75
EV/EBITDA	10.3	13.3	13.4	16.4	24.7	29.4	25.6	12.2	17.3	16.8	19
EV/Sales	5.28	6.22	7.18	8.35	11	14	11	6.9	9.22	9.49	9.65
Earnings yield	5.39%	7.24%	6.95%	2.86%	1.57%	1.53%	1.95%	5.09%	3.86%	3.19%	5.91%
FCF yield	3.83%	1.43%	0.76%	-2.47%	0.15%	-0.15%	-0.89%	1.42%	3.22%	1.92%	-11.3%
PEG	—	—	—	—	—	—	—	—	—	—	0.32

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	53.4%	56.2%	57.8%	58.3%	59.5%	50.2%	48.4%	63.9%	60.1%	62.3%	62.4%
Operating margin	25.7%	34%	25.1%	27%	27.5%	16.6%	17%	35%	28.8%	29.3%	31.5%
Net margin	18.6%	31%	34.5%	17.6%	13.2%	16.6%	15.5%	22.3%	23%	19.5%	32.4%
ROE	11.8%	18%	15.4%	8.19%	5.27%	6.22%	6.72%	10.9%	9.36%	8.02%	11.7%
ROA	3.33%	5.43%	5.57%	2.88%	1.86%	2.01%	2.04%	3.54%	3%	2.51%	2.44%
ROIC	5.19%	9.28%	4.43%	5.49%	5.28%	2.53%	2.7%	6.61%	4.75%	5.03%	4.64%
Return on tangible assets	3.33%	5.67%	5.75%	3.13%	2.01%	2.18%	2.2%	3.83%	3.22%	2.67%	3.39%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.68	0.64	0.36	0.53	0.47	0.53	0.51	0.55	0.47	0.6	0.53
Quick ratio	0.56	0.53	0.29	0.44	0.37	0.44	0.43	0.47	0.38	0.49	0.44
Debt / equity	1.22	1.19	1.01	1.03	1.07	1.21	1.34	1.27	1.35	1.44	1.62
Debt / assets	0.34	0.36	0.36	0.36	0.38	0.39	0.41	0.41	0.43	0.45	0.47
Net debt / EBITDA	3.57	4.13	4.13	4.29	5.86	6.69	7.08	4.43	6.12	5.99	6.37
Interest coverage	4.99	3.99	5.91	2.71	2.24	3.5	7.55	3.19	3.7	1.99	2.98
Effective tax rate	31.5%	0%	21.4%	11.7%	1.82%	11%	15.3%	13.8%	5.62%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	8.66	9.12	8.75	9.82	9.18	8.65	10.5	13.8	12	13.2	13.8
EPS (basic)	1.56	2.85	3.47	1.93	1.49	1.81	2.09	3.6	3.38	3.28	3.28
EPS (diluted)	1.56	2.85	3.47	1.93	1.48	1.81	2.09	3.6	3.37	3.28	4.45
Book value per share	13.6	15.7	19.6	21.1	22.9	23	24.3	28.4	29.6	31.9	27.4
FCF per share	1.14	0.56	0.33	-1.49	0.11	-0.14	-0.74	0.86	2.31	1.54	1.46
Cash per share	0.69	0.91	0.33	0.31	0.56	0.32	0.81	1.32	0.72	1.35	1.37
Capex per share	0.15	0.1	0.14	0.16	0.13	0.14	0.11	0.09	0.19	4.19	4.88

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.75%	1.15%	1.6%	1.64%	1.36%	1.61%	1.06%	0.66%	1.61%	31.8%	35.6%
Capex / operating cash flow	4.13%	2.93%	2.53%	3.72%	4.25%	4.44%	3.28%	1.48%	2.98%	69.9%	74%
Payout ratio	53.8%	34.7%	36.4%	71.1%	115.8%	107%	103.3%	60.2%	74.3%	87.8%	53.5%
Dividend yield	2.9%	2.51%	2.53%	2.03%	1.81%	1.64%	2.02%	3.07%	2.87%	2.8%	3.3%

Yield

3.3%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.623

ex-dividend Aug 28, 2026

Payout ratio

53%

of earnings

Dividend growth

14 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 28, 2026	$0.623
Jun 5, 2026	$0.623
Feb 27, 2026	$0.623

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$8B	$6.5B	$6.7B	$7.5B
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.3B	1.7B	638M	600M	1.1B	639M	1.6B	2.7B	1.5B	2.8B
Receivables	1.8B	2.2B	2.3B	2.3B	2.3B	3.4B	4.3B	3.6B	3.3B	4B
Inventory	1.3B	1.3B	1.2B	1.3B	1.6B	1.6B	1.9B	2.1B	2.2B	2.4B
Total current assets	7.4B	7.2B	6.4B	7.4B	7.4B	9.3B	13.5B	15.4B	12B	13.6B
Property, plant & equipment	-15.4B	-14.6B	-13.4B	-15.8B	-15.7B	-14.8B	-15.6B	-14.8B	-14.5B	-16B
Goodwill & intangibles	—	4.1B	3.2B	9.5B	9.9B	11.2B	11.2B	13.6B	13.2B	13.2B
Total assets	90B	98B	103.7B	117.7B	127.7B	140.9B	158.9B	177.5B	190.1B	212.7B
Accounts payable	3.4B	3.2B	2.4B	3.6B	4.6B	6.9B	8.3B	8.5B	7B	7.6B
Short-term debt	3B	3.6B	10.9B	5B	6.1B	3.9B	9.7B	11.8B	9.9B	6.1B
Total current liabilities	10.9B	11.2B	17.6B	13.9B	15.6B	17.4B	26.7B	28B	25.4B	22.8B
Long-term debt	27.8B	31.4B	26.8B	37.5B	41.9B	51B	55.3B	61.4B	72.4B	89.6B
Total liabilities	64.7B	68.4B	66.3B	76.3B	82.8B	95.5B	110.6B	119.7B	129.3B	146.2B
Shareholders' equity	25.3B	29.5B	37.4B	41.4B	44.9B	45.4B	48.3B	57.8B	60.9B	66.5B
Total debt	30.8B	35B	37.7B	42.6B	48.1B	54.8B	65B	73.2B	82.3B	95.6B
Net debt	29.5B	33.3B	37.1B	42B	47B	54.2B	63.4B	70.5B	80.8B	92.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.6B	2.7B	1.6B	1.6B	2.3B	1.5B	2.4B	1.7B	2.4B	2.8B	2B	2.9B
Receivables	4B	3.6B	3.1B	3.6B	3.6B	3.3B	3.2B	3.9B	3.9B	4B	4.1B	4.7B
Inventory	2.1B	2.1B	2.1B	2.2B	2.3B	2.2B	2.3B	2.2B	2.4B	2.4B	2.6B	2.6B
Total current assets	14.2B	15.4B	12.7B	12.8B	12.2B	12B	12.6B	12.5B	12.7B	13.6B	13.9B	15.5B
Property, plant & equipment	-13.8B	-14.8B	-17.4B	-17.8B	-14.8B	-14.5B	-16.1B	-16B	-15.6B	-16B	-12.6B	-10B
Goodwill & intangibles	10.1B	13.6B	10.2B	10.2B	9.8B	13.2B	9.7B	9.7B	9.7B	13.2B	10.3B	10.3B
Total assets	171.7B	177.5B	179.9B	184.7B	186B	190.1B	194.3B	198.8B	204.4B	212.7B	221.4B	232.8B
Accounts payable	6.7B	8.5B	4.3B	4.4B	4.9B	7B	4.8B	4.2B	5B	7.6B	5.7B	6.6B
Short-term debt	14.1B	11.8B	14.1B	14.1B	16.7B	9.9B	9.9B	10.5B	9B	6.1B	10.5B	11.4B
Total current liabilities	28.5B	28B	24.8B	26.2B	29.6B	25.4B	22.9B	23B	22.9B	22.8B	25.6B	29B
Long-term debt	59.2B	61.4B	65.9B	68.5B	66.1B	72.4B	79.8B	82.7B	84.2B	89.6B	93.9B	98.8B
Total liabilities	115.1B	119.7B	120.6B	125.3B	126.5B	129.3B	133.9B	137.9B	139.8B	146.2B	154.8B	164.6B
Shareholders' equity	56.6B	57.8B	59.4B	59.4B	59.5B	60.9B	60.4B	60.9B	64.6B	66.5B	66.6B	68.2B
Total debt	73.3B	73.2B	79.9B	82.6B	82.8B	82.3B	89.7B	93.2B	93.1B	95.6B	104.4B	110.2B
Net debt	71.8B	70.5B	78.3B	81.1B	80.5B	80.8B	87.3B	91.5B	90.7B	92.8B	102.4B	107.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	3B	5.3B	5.8B	3.4B	2.4B	2.8B	3.2B	6.3B	5.7B	5.3B
Depreciation & amortization	3.4B	2.6B	4.1B	4.5B	4.3B	4.2B	4.8B	6.2B	5.8B	6.9B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-336M	267M	-742M	515M	-838M	-486M	412M	-1.4B	160M	-373M
Operating cash flow	6.8B	6.7B	10.5B	8.5B	5.8B	6.2B	6.8B	12.5B	13.4B	12.5B
Capital expenditure	-283M	-197M	-267M	-315M	-245M	-275M	-223M	-185M	-399M	-8.7B
Investing cash flow	-4.1B	-3.7B	-5.9B	-5.4B	-7.2B	-6B	-8.8B	-14.1B	-14.1B	-23.3B
Dividends paid	-1.6B	-1.8B	-2.1B	-2.4B	-2.7B	-3B	-3.4B	-3.8B	-4.2B	-4.7B
Share repurchases	—	—	—	—	-92M	—	—	—	—	—
Financing cash flow	1.8B	2.9B	7.2B	-1.1B	3.1B	5.4B	11.1B	9.5B	-2.6B	10.8B
Net change in cash	4.5B	5.9B	11.8B	1.9B	1.7B	5.5B	9.1B	7.9B	-3.3B	-15M
Free cash flow	2.1B	1.1B	634M	-2.9B	224M	-277M	-1.5B	1.8B	4.7B	3.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	2.1B	1.1B	1.7B	2.6B
Depreciation & amortization	2B	1.7B	988M	1.5B	1.7B	1.6B	1.2B	1.9B	2.2B	1.7B	1.5B	1.9B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	46M	-473M	-590M	965M
Operating cash flow	2B	1.7B	988M	1.5B	1.7B	1.6B	1.2B	1.9B	4B	2.5B	2.6B	4.7B
Capital expenditure	—	—	—	—	—	—	—	—	-2.5B	-2B	-3B	-2.7B
Investing cash flow	—	—	—	—	—	—	—	—	-5.1B	-5B	-10.7B	-8.2B
Dividends paid	—	—	—	—	—	—	—	—	-1.2B	-1.2B	-1.3B	-1.3B
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	—	—	—	—	—	—	—	—	1.6B	1.9B	7.7B	4.2B
Net change in cash	2B	1.7B	988M	1.5B	1.7B	1.6B	1.2B	1.9B	551M	-568M	-384M	648M
Free cash flow	—	—	—	—	—	—	—	—	1.5B	277M	-580M	1.8B

Date	Ratio
Oct 27, 2020	4:1
Mar 16, 2005	2:1
Jan 31, 1985	2:1

NextEra Energy Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history