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NextEra Energy (NEE) Financials

NextEra Energy logo
$89.66 +1.39 (+1.57%)
Closing price 03:59 PM Eastern
Extended Trading
$89.64 -0.01 (-0.01%)
As of 04:11 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for NextEra Energy

Annual Income Statements for NextEra Energy

This table shows NextEra Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 2,752 2,906 5,380 6,638 3,769 2,919 3,573 4,147 7,310 6,946 6,835
Consolidated Net Income / (Loss)		 2,762 2,999 5,323 5,776 3,388 2,369 2,827 3,246 6,282 5,698 5,332
Net Income / (Loss) Continuing Operations		 2,762 2,999 7,203 5,776 3,388 2,369 2,827 3,246 6,282 5,698 5,332
Total Pre-Tax Income 		3,990 4,378 7,649 7,352 3,836 2,413 3,175 3,832 7,288 6,037 4,530
Total Operating Income		 4,632 4,459 8,563 4,280 5,353 5,116 2,913 4,081 10,237 7,479 8,280
Total Gross Profit		 8,890 8,617 747 8,111 9,163 10,524 6,760 8,062 15,711 12,589 14,600
Total Revenue		 17,486 16,138 17,173 16,727 19,204 17,997 17,069 20,956 28,114 24,753 27,412
Operating Revenue		 17,486 16,138 17,173 16,727 19,204 17,997 17,069 20,956 28,114 24,753 27,412
Total Cost of Revenue		 8,596 7,521 16,426 8,616 10,041 7,473 10,309 12,894 12,403 12,164 12,812
Operating Cost of Revenue		 8,596 7,521 12,624 7,065 8,237 7,473 8,508 10,817 10,138 9,886 10,343
Other Cost of Revenue		 0.00 - 3,802 1,551 1,804 - 1,801 2,077 2,265 2,278 2,469
Total Operating Expenses		 4,258 4,158 -7,816 3,831 3,810 5,408 3,847 3,981 5,474 5,110 6,320
Depreciation Expense		 2,831 3,120 3,297 3,911 4,216 4,052 3,924 4,503 5,879 5,462 6,580
Other Special Charges / (Income)		 4.00 -447 -1,111 -80 -406 -353 -77 -522 -405 -352 -260
Total Other Income / (Expense), net		 -642 -81 -914 3,072 -1,517 -2,703 262 -249 -2,949 -1,442 -3,750
Interest Expense		 1,211 1,098 2,039 1,498 2,249 1,950 1,270 585 3,324 2,235 4,572
Interest & Investment Income		 569 665 965 4,543 188 -1,208 878 395 -362 115 176
Other Income / (Expense), net		 0.00 352 160 27 544 455 654 -59 737 678 646
Income Tax Expense		 1,228 1,379 446 1,576 448 44 348 586 1,006 339 -802
Net Income / (Loss) Attributable to Noncontrolling Interest		 10 93 -57 -862 -381 -550 -746 -901 -1,028 -1,248 -1,503
Basic Earnings per Share		 $6.11 $6.27 $11.48 $3.51 $1.95 $1.49 $1.82 $2.10 $3.61 $3.38 $3.31
Weighted Average Basic Shares Outstanding		 450.50M 463.10M 44.83B 473.10M 488.97M 1.96B 1.96B 1.99B 2.05B 2.06B 2.08B
Diluted Earnings per Share		 $6.06 $6.24 $11.39 $3.47 $1.94 $1.48 $1.81 $2.10 $3.60 $3.37 $3.30
Weighted Average Diluted Shares Outstanding		 454M 465.80M 44.83B 473.10M 488.97M 1.96B 1.96B 1.99B 2.05B 2.06B 2.08B
Weighted Average Basic & Diluted Shares Outstanding		 450.40M 463M 44.83B 473.10M 488.97M 1.96B 1.96B 1.99B 2.05B 2.06B 2.08B
Cash Dividends to Common per Share		 $3.08 $3.48 $3.93 $4.44 $5.00 $1.40 $1.54 $1.70 $1.87 $2.06 $2.27

Quarterly Income Statements for NextEra Energy

This table shows NextEra Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 1,219 1,210 2,268 1,622 1,852 1,204 833 2,028 2,438 1,536 2,182
Consolidated Net Income / (Loss)		 1,019 914 1,937 1,296 1,591 874 464 1,639 2,135 1,094 1,688
Net Income / (Loss) Continuing Operations		 1,019 914 1,937 1,296 1,591 874 464 1,639 2,135 1,094 1,688
Total Pre-Tax Income 		973 1,083 2,164 1,232 1,596 1,045 -57 1,383 1,885 1,319 1,199
Total Operating Income		 1,836 2,660 2,013 1,670 2,856 940 2,256 1,911 2,527 1,586 2,208
Total Gross Profit		 3,786 3,872 2,853 3,050 4,267 2,419 3,315 3,666 4,480 2,545 3,322
Total Revenue		 7,172 6,877 5,731 6,069 7,567 5,386 6,247 6,700 7,966 6,499 6,701
Operating Revenue		 7,172 6,877 5,731 6,069 7,567 5,386 6,247 6,700 7,966 6,499 6,701
Total Cost of Revenue		 3,386 3,005 2,878 3,019 3,300 2,967 2,932 3,034 3,486 3,954 3,379
Operating Cost of Revenue		 2,750 2,468 2,329 2,451 2,698 2,408 2,338 2,404 2,833 2,768 2,751
Other Cost of Revenue		 636 537 549 568 602 559 594 630 653 - 628
Total Operating Expenses		 1,950 1,212 840 1,380 1,411 1,479 1,059 1,755 1,953 959 1,114
Depreciation Expense		 1,957 1,606 898 1,409 1,642 1,513 1,095 1,773 2,096 1,616 1,371
Other Special Charges / (Income)		 -7.00 -394 -58 -29 -231 -34 -36 -18 -143 -63 -257
Total Other Income / (Expense), net		 -863 -1,577 151 -438 -1,260 105 -2,313 -528 -642 -267 -1,009
Interest Expense		 26 1,980 323 820 1,817 -725 1,774 1,060 1,153 585 1,287
Interest & Investment Income		 -882 128 274 316 288 -763 -610 324 320 142 223
Other Income / (Expense), net		 45 275 200 66 269 143 71 208 191 176 55
Income Tax Expense		 -46 169 227 -64 5.00 171 -521 -256 -250 225 -489
Net Income / (Loss) Attributable to Noncontrolling Interest		 -200 -296 -331 -326 -261 -330 -369 -389 -303 -442 -494
Basic Earnings per Share		 $0.60 $0.59 $1.11 $0.79 $0.90 $0.58 $0.41 $0.99 $1.18 $0.73 $1.05
Weighted Average Basic Shares Outstanding		 2.05B 2.05B 2.05B 2.06B 2.06B 2.06B 2.06B 2.06B 2.08B 2.08B 2.09B
Diluted Earnings per Share		 $0.60 $0.58 $1.10 $0.79 $0.90 $0.58 $0.40 $0.98 $1.18 $0.74 $1.04
Weighted Average Diluted Shares Outstanding		 2.05B 2.05B 2.05B 2.06B 2.06B 2.06B 2.06B 2.06B 2.08B 2.08B 2.09B
Weighted Average Basic & Diluted Shares Outstanding		 2.05B 2.05B 2.05B 2.06B 2.06B 2.06B 2.06B 2.06B 2.08B 2.08B 2.09B
Cash Dividends to Common per Share		 $0.47 - $0.52 $0.52 - - $0.57 $0.57 - - $0.62

Annual Cash Flow Statements for NextEra Energy

This table details how cash moves in and out of NextEra Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 7.00 757 428 3,277 -4,145 438 -230 2,125 -21 -2,018 1,604
Net Cash From Operating Activities		 6,089 6,369 6,458 6,593 8,155 7,983 7,553 8,262 11,301 13,260 12,485
Net Cash From Continuing Operating Activities		 6,089 6,369 6,458 6,593 8,155 7,983 7,553 8,262 11,301 13,260 12,485
Net Income / (Loss) Continuing Operations		 2,762 2,999 5,323 5,776 3,388 2,369 2,827 3,246 6,282 5,698 5,332
Consolidated Net Income / (Loss)		 2,762 2,999 5,323 5,776 3,388 2,369 2,827 3,246 6,282 5,698 5,332
Depreciation Expense		 2,831 3,120 2,357 3,911 4,216 4,052 3,924 4,503 5,879 5,462 6,580
Amortization Expense		 372 308 281 236 262 263 290 287 272 299 361
Non-Cash Adjustments To Reconcile Net Income		 226 199 -1,076 -4,303 -205 1,903 998 -186 261 1,641 585
Changes in Operating Assets and Liabilities, net		 -102 -257 -427 973 494 -604 -486 412 -1,393 160 -373
Net Cash From Investing Activities		 -7,996 -8,046 -8,918 -10,950 -16,177 -13,699 -13,591 -18,359 -23,467 -22,264 -23,865
Net Cash From Continuing Investing Activities		 -8,341 -8,691 -8,918 -10,950 -16,177 -13,699 -13,591 -18,359 -23,467 -22,264 -23,865
Purchase of Property, Plant & Equipment		 -3,511 -3,957 -5,208 -5,692 -10,762 -7,514 -7,555 -9,519 -9,363 -8,115 -8,721
Purchase of Investments		 -9,487 -9,225 -8,579 -10,778 -10,545 -10,951 -13,557 -14,127 -21,491 -21,838 -21,225
Sale of Property, Plant & Equipment		 0.00 0.00 1,454 - - - 0.00 0.00 924 0.00 0.00
Sale and/or Maturity of Investments		 4,903 4,434 3,392 5,740 5,324 4,928 7,756 5,421 6,758 8,104 6,516
Other Investing Activities, net		 -246 57 23 -220 -194 -162 -235 -134 -295 -415 -435
Net Cash From Financing Activities		 1,897 2,424 2,888 7,634 3,873 6,174 5,807 12,229 12,149 7,000 12,979
Net Cash From Continuing Financing Activities		 2,242 3,069 2,888 7,634 3,873 6,174 5,807 12,408 12,224 7,740 13,495
Repayment of Debt		 -5,006 -4,411 -7,507 -3,942 -10,787 -8,611 -10,541 -5,850 -10,031 -18,694 -13,376
Payment of Dividends		 -1,385 -1,612 -1,845 -2,101 -2,408 -2,743 -3,024 -3,352 -3,782 -4,235 -4,680
Issuance of Debt		 6,229 6,051 8,804 11,118 13,871 13,597 16,683 15,938 18,778 28,364 26,237
Issuance of Common Equity		 1,643 1,182 55 718 1,593 501 79 1,514 4,514 48 2,038
Other Financing Activities, net		 761 1,859 2,833 1,841 1,604 3,522 2,610 4,158 2,745 2,257 3,276
Other Net Changes in Cash		 17 10 - - 4.00 -20 1.00 -7.00 -4.00 -14 5.00
Cash Interest Paid		 1,143 1,194 1,186 1,209 1,799 1,432 1,323 1,375 2,463 2,737 3,501

Quarterly Cash Flow Statements for NextEra Energy

This table details how cash moves in and out of NextEra Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 24 642 -1,207 -111 472 -1,172 1,148 -568 732 292 -531
Net Cash From Operating Activities		 3,664 2,878 3,077 3,933 4,269 1,981 2,769 3,189 4,028 2,499 2,614
Net Cash From Continuing Operating Activities		 3,664 2,878 3,077 3,933 4,269 1,981 2,769 3,189 4,028 2,499 2,614
Net Income / (Loss) Continuing Operations		 1,018 915 1,937 1,296 1,592 873 464 1,640 2,135 1,093 1,688
Consolidated Net Income / (Loss)		 1,018 915 1,937 1,296 1,592 873 464 1,640 2,135 1,093 1,688
Depreciation Expense		 1,957 1,607 898 1,409 1,642 1,513 1,095 1,773 2,096 1,616 1,371
Amortization Expense		 69 74 90 62 78 69 81 84 97 99 91
Non-Cash Adjustments To Reconcile Net Income		 1,067 420 130 937 359 215 1,119 -352 -346 164 54
Changes in Operating Assets and Liabilities, net		 -447 -138 22 229 598 -689 10 44 46 -473 -590
Net Cash From Investing Activities		 -5,963 -4,690 -9,321 -4,805 -4,258 -3,880 -7,724 -5,821 -5,108 -5,212 -10,821
Net Cash From Continuing Investing Activities		 -5,963 -4,690 -9,321 -4,805 -4,258 -3,880 -7,724 -5,821 -5,108 -5,212 -10,821
Purchase of Property, Plant & Equipment		 -2,641 -2,035 -2,328 -2,038 -1,972 -1,777 -2,348 -1,943 -2,450 -1,980 -3,050
Purchase of Investments		 -5,037 -5,276 -8,321 -4,251 -4,634 -4,632 -6,733 -5,383 -4,730 -4,379 -9,518
Sale and/or Maturity of Investments		 1,862 1,866 1,516 1,621 2,389 2,578 1,495 1,624 2,077 1,320 1,846
Other Investing Activities, net		 -147 -169 -188 -137 -41 -49 -138 -119 -5.00 -173 -99
Net Cash From Financing Activities		 2,335 2,446 5,038 762 459 741 6,103 2,057 1,816 3,003 7,679
Net Cash From Continuing Financing Activities		 2,335 2,521 5,038 762 459 1,481 6,103 2,057 1,982 3,353 7,679
Repayment of Debt		 -419 -3,873 -4,821 -4,127 -3,463 -6,283 -3,767 -2,516 -2,957 -4,136 -3,406
Payment of Dividends		 -947 -959 -1,058 -1,057 -1,061 -1,059 -1,166 -1,166 -1,167 -1,181 -1,300
Issuance of Debt		 - 6,875 10,911 6,150 4,484 6,511 11,025 5,728 3,035 6,449 12,362
Issuance of Common Equity		 2,002 9.00 6.00 -40 27 55 11 11 2,006 10 23
Other Net Changes in Cash		 -12 8.00 -1.00 -1.00 2.00 -14 0.00 7.00 -4.00 2.00 -3.00
Cash Interest Paid		 646 666 519 487 918 813 631 871 1,121 878 1,031

Annual Balance Sheets for NextEra Energy

This table presents NextEra Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 82,479 89,993 97,963 103,702 117,691 127,684 140,912 158,935 177,489 190,144 212,721
Total Current Assets		 6,795 7,409 7,181 6,393 7,408 7,382 9,288 13,490 15,361 11,951 13,584
Cash & Equivalents		 571 1,292 1,714 638 600 1,105 639 1,601 2,690 1,487 2,812
Accounts Receivable		 2,265 2,439 2,737 2,969 2,807 2,974 4,108 5,093 4,553 4,516 5,751
Inventories, net		 1,259 1,289 1,273 1,223 1,328 1,552 1,561 1,934 2,106 2,214 2,420
Other Current Assets		 2,700 2,389 1,457 1,563 2,673 1,751 2,980 4,862 6,012 3,734 2,601
Plant, Property, & Equipment, net		 94,907 102,921 72,289 70,334 82,010 91,803 99,348 111,059 125,776 138,852 156,197
Total Noncurrent Assets		 14,298 15,672 18,493 26,975 28,273 28,499 32,276 34,386 36,352 39,341 42,940
Long-Term Investments		 1,786 2,482 2,321 6,748 7,453 5,728 6,159 6,582 6,156 6,118 5,528
Goodwill		 - - - 891 4,204 4,254 4,844 4,854 5,091 4,866 4,849
Employee Benefit Assets		 1,155 1,177 1,427 1,284 1,437 1,707 2,243 1,832 2,112 2,496 2,868
Other Noncurrent Operating Assets		 11,357 12,013 14,745 18,052 15,179 16,810 19,030 21,118 22,993 25,861 29,695
Total Liabilities & Shareholders' Equity		 82,479 89,993 97,963 103,702 117,691 127,684 140,912 158,935 177,489 190,144 212,721
Total Liabilities		 59,367 64,662 68,432 65,821 75,844 82,755 95,243 109,499 118,465 129,283 146,242
Total Current Liabilities		 10,107 10,919 11,243 17,563 13,853 15,558 17,437 26,695 27,963 25,355 22,817
Short-Term Debt		 3,006 3,022 3,615 10,930 5,040 6,147 3,867 9,710 11,806 9,948 6,063
Accounts Payable		 2,529 3,447 3,235 2,386 3,631 4,615 6,935 8,312 8,504 6,982 7,583
Customer Deposits		 473 470 448 445 - 474 485 560 638 694 709
Other Taxes Payable		 449 480 621 477 558 519 525 719 970 1,016 1,185
Other Current Liabilities		 2,658 3,049 3,324 3,325 4,125 3,803 5,625 7,394 6,045 6,715 7,277
Total Noncurrent Liabilities		 49,260 53,743 57,189 48,258 61,991 67,197 77,806 82,804 90,502 103,928 123,425
Long-Term Debt		 26,681 27,818 31,410 26,782 37,543 41,944 50,960 55,256 61,405 72,385 89,556
Asset Retirement Reserve & Litigation Obligation		 7,075 7,642 11,796 12,144 13,393 13,792 14,355 12,871 13,452 14,306 15,143
Noncurrent Deferred & Payable Income Tax Liabilities		 9,827 11,101 5,764 7,367 8,361 8,020 8,310 9,072 10,142 11,749 12,359
Other Noncurrent Operating Liabilities		 2,535 2,526 2,816 1,965 2,694 3,441 4,181 5,605 5,503 5,488 6,367
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 23,112 25,331 29,531 37,413 41,360 44,929 45,424 48,326 57,768 60,460 66,479
Total Preferred & Common Equity		 22,574 24,341 28,236 34,144 37,005 36,513 37,202 39,229 47,468 50,101 54,608
Total Common Equity		 22,574 24,341 28,236 34,144 37,005 36,513 37,202 39,229 47,468 50,101 54,608
Common Stock		 8,601 8,953 9,105 10,495 11,975 11,242 11,291 12,740 17,386 17,281 19,515
Retained Earnings		 14,140 15,458 19,020 23,837 25,199 25,363 25,911 26,707 30,235 32,946 35,102
Accumulated Other Comprehensive Income / (Loss)		 -167 -70 111 -188 -169 -92 0.00 -218 -153 -126 -9.00
Noncontrolling Interest		 538 990 1,295 3,269 4,355 8,416 8,222 9,097 10,300 10,359 11,871

Quarterly Balance Sheets for NextEra Energy

This table presents NextEra Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 168,275 171,674 177,489 179,950 184,724 186,013 190,144 194,264 198,830 204,354 221,424
Total Current Assets		 13,122 14,244 15,361 12,680 12,803 12,180 11,951 12,648 12,493 12,671 13,858
Cash & Equivalents		 1,577 1,568 2,690 1,642 1,551 2,263 1,487 2,419 1,728 2,391 1,998
Accounts Receivable		 4,594 4,961 4,553 4,123 4,664 4,349 4,516 4,589 5,587 5,440 6,307
Inventories, net		 1,931 2,074 2,106 2,131 2,155 2,258 2,214 2,326 2,207 2,426 2,577
Other Current Assets		 5,020 5,641 6,012 4,784 4,433 3,310 3,734 3,314 2,971 2,414 2,976
Plant, Property, & Equipment, net		 117,740 120,883 125,776 129,193 133,113 134,309 138,852 142,223 145,742 150,043 162,361
Total Noncurrent Assets		 37,413 36,547 36,352 38,077 38,808 39,524 39,341 39,393 40,595 41,640 45,205
Long-Term Investments		 7,069 5,991 6,156 6,533 6,657 7,259 6,118 5,270 5,401 5,451 5,989
Goodwill		 5,184 5,043 5,091 5,085 5,087 4,919 4,866 4,866 4,867 4,849 5,150
Employee Benefit Assets		 1,929 1,974 2,112 2,135 2,186 2,237 2,496 2,548 2,600 2,653 2,922
Other Noncurrent Operating Assets		 23,231 23,539 22,993 24,324 24,878 25,109 25,861 26,709 27,727 28,687 31,144
Total Liabilities & Shareholders' Equity		 168,275 171,674 177,489 179,950 184,724 186,013 190,144 194,264 198,830 204,354 221,424
Total Liabilities		 113,899 115,106 118,465 120,561 125,288 126,475 129,283 133,898 137,898 139,758 154,792
Total Current Liabilities		 24,871 28,496 27,963 24,803 26,231 29,647 25,355 22,861 23,047 22,911 25,573
Short-Term Debt		 11,191 14,139 11,806 14,069 14,139 16,667 9,948 9,864 10,499 8,953 10,455
Accounts Payable		 6,225 6,662 8,504 4,285 4,390 4,884 6,982 4,753 4,197 4,976 5,743
Customer Deposits		 596 615 638 663 671 683 694 697 701 702 731
Other Taxes Payable		 1,364 1,662 970 1,160 1,510 1,758 1,016 1,301 1,654 1,838 1,393
Other Current Liabilities		 5,495 5,418 6,045 4,626 5,521 5,655 6,715 6,246 5,996 6,442 7,251
Total Noncurrent Liabilities		 89,028 86,610 90,502 95,758 99,057 96,828 103,928 111,037 114,851 116,847 129,219
Long-Term Debt		 60,982 59,183 61,405 65,868 68,494 66,100 72,385 79,814 82,690 84,169 93,948
Asset Retirement Reserve & Litigation Obligation		 13,252 12,987 13,452 13,753 13,888 14,058 14,306 13,959 14,389 14,685 15,825
Noncurrent Deferred & Payable Income Tax Liabilities		 9,801 9,747 10,142 10,641 10,934 10,954 11,749 11,441 11,414 11,557 13,106
Other Noncurrent Operating Liabilities		 4,993 4,693 5,503 5,496 5,741 5,716 5,488 5,823 6,358 6,436 6,340
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 53,564 56,250 57,768 58,936 59,436 59,538 60,460 60,305 60,883 64,596 66,632
Total Preferred & Common Equity		 44,793 47,095 47,468 48,641 49,140 50,051 50,101 49,812 50,797 54,181 55,222
Total Common Equity		 44,793 47,095 47,468 48,641 49,140 50,051 50,101 49,812 50,797 54,181 55,222
Common Stock		 15,282 17,338 17,386 17,363 17,303 17,380 17,281 17,313 17,391 19,506 19,272
Retained Earnings		 29,711 29,984 30,235 31,445 32,008 32,802 32,946 32,613 33,476 34,747 35,984
Accumulated Other Comprehensive Income / (Loss)		 -200 -227 -153 -167 -171 -131 -126 -114 -70 -72 -34
Noncontrolling Interest		 8,771 9,155 10,300 10,295 10,296 9,487 10,359 10,493 10,086 10,415 11,410

Annual Metrics And Ratios for NextEra Energy

This table displays calculated financial ratios and metrics derived from NextEra Energy's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.73% -7.71% 6.41% -2.60% 14.81% -6.29% -5.16% 22.77% 34.16% -11.95% 10.74%
EBITDA Growth		 -12.17% 5.16% 37.89% -25.59% 22.72% -4.71% -21.29% 13.25% 94.34% -18.73% 14.00%
EBIT Growth		 5.46% 3.86% 81.31% -50.62% 36.92% -5.53% -35.97% 12.76% 172.85% -25.67% 9.43%
NOPAT Growth		 7.98% -4.74% 164.00% -58.30% 40.60% 6.24% -48.36% 33.28% 155.25% -20.00% 38.06%
Net Income Growth		 11.87% 8.58% 77.49% 8.51% -41.34% -30.08% 19.33% 14.82% 93.53% -9.30% -6.42%
EPS Growth		 8.21% 2.97% 82.53% 8.51% -41.34% -23.71% 22.30% 16.02% 71.43% -6.39% -2.08%
Operating Cash Flow Growth		 -32.00% 4.60% 1.40% 2.09% 23.69% -2.11% -5.39% 9.39% 36.78% 17.33% -5.84%
Free Cash Flow Firm Growth		 -225.80% 49.08% 1,609.74% -96.97% -418.86% -39.08% -2.72% -84.33% 7.92% 38.40% -63.84%
Invested Capital Growth		 9.77% 6.15% -29.50% 3.46% 11.98% 12.84% 8.71% 13.36% 16.16% 9.89% 13.40%
Revenue Q/Q Growth		 -3.29% -2.35% 1.83% 2.46% 1.03% -1.06% 3.97% 5.64% 2.60% -5.68% 4.23%
EBITDA Q/Q Growth		 -21.52% 2.26% 16.36% -14.10% 0.37% 1.42% 4.82% 10.79% 7.09% -12.29% 5.39%
EBIT Q/Q Growth		 -11.11% 2.82% 43.31% -38.37% 2.47% 2.88% 10.16% 19.74% 6.81% -18.50% 8.23%
NOPAT Q/Q Growth		 -11.64% -2.78% 99.82% -46.36% -8.45% 7.31% 6.75% 20.16% 7.80% -18.76% 6.29%
Net Income Q/Q Growth		 -11.87% 20.06% 24.87% -23.33% 18.59% -30.43% 67.97% 10.71% -5.32% -0.70% 4.30%
EPS Q/Q Growth		 -13.06% 18.18% 28.12% -23.33% 18.59% -81.41% 50.83% 8.81% -2.97% 0.00% 5.10%
Operating Cash Flow Q/Q Growth		 -35.90% -7.29% 0.84% 3.66% 7.23% -6.56% -0.46% -3.75% 19.99% -6.34% 4.33%
Free Cash Flow Firm Q/Q Growth		 94.46% 45.49% 609.36% -81.63% -109.77% -75.78% 48.70% -40.81% 26.78% -191.55% -6.30%
Invested Capital Q/Q Growth		 3.42% 0.92% -36.42% -34.47% 3.19% 5.86% 0.28% 3.38% 0.86% 2.11% 2.59%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 50.84% 53.40% 4.35% 48.49% 47.71% 58.48% 39.60% 38.47% 55.88% 50.86% 53.26%
EBITDA Margin		 44.81% 51.05% 66.16% 50.54% 54.03% 54.93% 45.59% 42.05% 60.91% 56.23% 57.88%
Operating Margin		 26.49% 27.63% 49.86% 25.59% 27.87% 28.43% 17.07% 19.47% 36.41% 30.21% 30.21%
EBIT Margin		 26.49% 29.81% 50.79% 25.75% 30.71% 30.96% 20.90% 19.19% 39.03% 32.95% 32.56%
Profit (Net Income) Margin		 15.80% 18.58% 31.00% 34.53% 17.64% 13.16% 16.56% 15.49% 22.34% 23.02% 19.45%
Tax Burden Percent		 69.22% 68.50% 69.59% 78.56% 88.32% 98.18% 89.04% 84.71% 86.20% 94.38% 117.70%
Interest Burden Percent		 86.14% 91.00% 87.69% 170.70% 65.05% 43.31% 89.01% 95.28% 66.41% 74.01% 50.75%
Effective Tax Rate		 30.78% 31.50% 5.83% 21.44% 11.68% 1.82% 10.96% 15.29% 13.80% 5.62% -17.70%
Return on Invested Capital (ROIC)		 3.81% 3.36% 10.12% 5.01% 6.54% 6.18% 2.88% 3.46% 7.69% 5.45% 6.74%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.10% 3.28% 4.87% 12.25% 2.41% -0.82% 3.41% 3.06% 3.49% 3.49% 1.29%
Return on Net Nonoperating Assets (RNNOA)		 8.95% 9.02% 9.29% 12.12% 1.96% -0.72% 3.36% 3.37% 3.90% 4.05% 1.64%
Return on Equity (ROE)		 12.76% 12.38% 19.41% 17.14% 8.50% 5.46% 6.24% 6.83% 11.58% 9.51% 8.37%
Cash Return on Invested Capital (CROIC)		 -5.51% -2.60% 44.72% 1.61% -4.76% -5.89% -5.47% -9.07% -7.27% -3.97% -5.82%
Operating Return on Assets (OROA)		 5.90% 5.58% 9.28% 4.27% 5.33% 4.54% 2.66% 2.68% 6.52% 4.44% 4.43%
Return on Assets (ROA)		 3.52% 3.48% 5.66% 5.73% 3.06% 1.93% 2.11% 2.17% 3.73% 3.10% 2.65%
Return on Common Equity (ROCE)		 12.53% 11.99% 18.60% 15.86% 7.58% 4.63% 5.08% 5.49% 9.26% 7.74% 6.89%
Return on Equity Simple (ROE_SIMPLE)		 12.24% 12.32% 18.85% 16.92% 9.16% 6.49% 7.60% 8.27% 13.23% 11.37% 0.00%
Net Operating Profit after Tax (NOPAT)		 3,206 3,054 8,064 3,363 4,728 5,023 2,594 3,457 8,824 7,059 9,746
NOPAT Margin		 18.34% 18.93% 46.96% 20.10% 24.62% 27.91% 15.20% 16.50% 31.39% 28.52% 35.55%
Net Nonoperating Expense Percent (NNEP)		 0.71% 0.08% 5.24% -7.23% 4.13% 7.00% -0.52% 0.40% 4.20% 1.96% 5.45%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 3.05% 6.74% 4.94% 6.01%
Cost of Revenue to Revenue		 49.16% 46.60% 95.65% 51.51% 52.29% 41.52% 60.40% 61.53% 44.12% 49.14% 46.74%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 24.35% 25.77% -45.51% 22.90% 19.84% 30.05% 22.54% 19.00% 19.47% 20.64% 23.06%
Earnings before Interest and Taxes (EBIT)		 4,632 4,811 8,723 4,307 5,897 5,571 3,567 4,022 10,974 8,157 8,926
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 7,835 8,239 11,361 8,454 10,375 9,886 7,781 8,812 17,125 13,918 15,867
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.74 1.94 2.26 2.17 2.93 3.87 4.65 4.00 2.55 2.94 3.06
Price to Tangible Book Value (P/TBV)		 1.74 1.94 2.26 2.23 3.30 4.38 5.34 4.57 2.86 3.26 3.36
Price to Revenue (P/Rev)		 2.25 2.93 3.72 4.44 5.64 7.84 10.13 7.49 4.31 5.96 6.10
Price to Earnings (P/E)		 14.28 16.25 11.88 11.18 28.74 48.36 48.38 37.86 16.57 21.22 24.46
Dividend Yield		 3.61% 3.44% 2.89% 2.86% 2.26% 1.94% 1.75% 2.15% 3.17% 2.87% 2.82%
Earnings Yield		 7.00% 6.15% 8.42% 8.94% 3.48% 2.07% 2.07% 2.64% 6.04% 4.71% 4.09%
Enterprise Value to Invested Capital (EV/IC)		 0.76 0.81 1.46 1.59 1.93 2.21 2.45 2.11 1.60 1.72 1.73
Enterprise Value to Revenue (EV/Rev)		 3.84 4.67 5.60 6.47 7.69 10.60 13.44 10.69 7.01 9.41 9.72
Enterprise Value to EBITDA (EV/EBITDA)		 8.57 9.14 8.47 12.81 14.23 19.30 29.48 25.42 11.50 16.73 16.79
Enterprise Value to EBIT (EV/EBIT)		 14.50 15.65 11.03 25.14 25.04 34.25 64.30 55.69 17.95 28.55 29.84
Enterprise Value to NOPAT (EV/NOPAT)		 20.95 24.65 11.93 32.20 31.24 37.99 88.43 64.79 22.33 32.99 27.33
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.03 11.82 14.90 16.42 18.11 23.90 30.37 27.11 17.43 17.57 21.33
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 2.70 100.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.28 1.22 1.19 1.00 1.02 1.07 1.20 1.31 1.24 1.35 1.44
Long-Term Debt to Equity		 1.15 1.10 1.06 0.71 0.90 0.93 1.12 1.12 1.04 1.19 1.35
Financial Leverage		 2.89 2.75 1.91 0.99 0.81 0.87 0.99 1.10 1.12 1.16 1.27
Leverage Ratio		 3.63 3.56 3.43 2.99 2.78 2.83 2.96 3.15 3.10 3.07 3.16
Compound Leverage Factor		 3.13 3.24 3.00 5.11 1.81 1.22 2.64 3.00 2.06 2.27 1.61
Debt to Total Capital		 56.23% 54.90% 54.26% 49.89% 50.44% 51.70% 54.56% 56.79% 55.36% 57.50% 58.99%
Short-Term Debt to Total Capital		 5.69% 5.38% 5.60% 14.46% 5.97% 6.61% 3.85% 8.49% 8.93% 6.95% 3.74%
Long-Term Debt to Total Capital		 50.53% 49.52% 48.66% 35.43% 44.47% 45.09% 50.71% 48.30% 46.44% 50.55% 55.25%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.02% 1.76% 2.01% 4.94% 5.73% 9.05% 8.43% 8.92% 8.74% 7.51% 7.32%
Common Equity to Total Capital		 42.75% 43.33% 43.74% 45.17% 43.83% 39.25% 37.02% 34.29% 35.90% 34.99% 33.69%
Debt to EBITDA		 3.79 3.74 3.08 4.46 4.10 4.86 7.05 7.37 4.28 5.92 6.03
Net Debt to EBITDA		 3.49 3.29 2.73 3.59 3.33 4.17 6.17 6.44 3.76 5.37 5.50
Long-Term Debt to EBITDA		 3.41 3.38 2.76 3.17 3.62 4.24 6.55 6.27 3.59 5.20 5.64
Debt to NOPAT		 9.26 10.10 4.34 11.22 9.01 9.57 21.14 18.79 8.30 11.66 9.81
Net Debt to NOPAT		 8.52 8.86 3.84 9.02 7.30 8.21 18.52 16.43 7.29 10.59 8.96
Long-Term Debt to NOPAT		 8.32 9.11 3.90 7.96 7.94 8.35 19.65 15.98 6.96 10.25 9.19
Altman Z-Score		 0.99 0.99 1.25 1.17 1.42 1.51 1.48 1.21 1.13 1.11 1.13
Noncontrolling Interest Sharing Ratio		 1.83% 3.15% 4.17% 7.46% 10.76% 15.28% 18.64% 19.64% 20.07% 18.61% 17.77%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.67 0.68 0.64 0.36 0.53 0.47 0.53 0.51 0.55 0.47 0.60
Quick Ratio		 0.28 0.34 0.40 0.21 0.25 0.26 0.27 0.25 0.26 0.24 0.38
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4,638 -2,362 35,653 1,080 -3,442 -4,787 -4,917 -9,064 -8,346 -5,141 -8,423
Operating Cash Flow to CapEx		 173.43% 160.96% 172.03% 115.83% 75.78% 106.24% 99.97% 86.79% 133.91% 163.40% 143.16%
Free Cash Flow to Firm to Interest Expense		 -3.83 -2.15 17.49 0.72 -1.53 -2.46 -3.87 -15.49 -2.51 -2.30 -1.84
Operating Cash Flow to Interest Expense		 5.03 5.80 3.17 4.40 3.63 4.09 5.95 14.12 3.40 5.93 2.73
Operating Cash Flow Less CapEx to Interest Expense		 2.13 2.20 1.33 0.60 -1.16 0.24 0.00 -2.15 0.86 2.30 0.82
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.22 0.19 0.18 0.17 0.17 0.15 0.13 0.14 0.17 0.13 0.14
Accounts Receivable Turnover		 7.91 6.86 6.64 5.86 6.65 6.23 4.82 4.56 5.83 5.46 5.34
Inventory Turnover		 6.74 5.90 12.82 6.90 7.87 5.19 6.62 7.38 6.14 5.63 5.53
Fixed Asset Turnover		 0.19 0.16 0.20 0.23 0.25 0.21 0.18 0.20 0.24 0.19 0.19
Accounts Payable Turnover		 4.43 2.52 4.92 3.07 3.34 1.81 1.79 1.69 1.48 1.57 1.76
Days Sales Outstanding (DSO)		 46.17 53.20 55.01 62.26 54.89 58.62 75.72 80.13 62.62 66.86 68.35
Days Inventory Outstanding (DIO)		 54.16 61.83 28.46 52.87 46.37 70.33 55.11 49.47 59.45 64.81 66.01
Days Payable Outstanding (DPO)		 82.44 145.01 74.24 119.06 109.36 201.38 204.47 215.80 247.43 232.34 207.47
Cash Conversion Cycle (CCC)		 17.89 -29.99 9.23 -3.94 -8.11 -72.42 -73.64 -86.21 -125.37 -100.66 -73.11
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 88,097 93,513 65,924 68,207 76,377 86,187 93,698 106,219 123,389 135,589 153,758
Invested Capital Turnover		 0.21 0.18 0.22 0.25 0.27 0.22 0.19 0.21 0.24 0.19 0.19
Increase / (Decrease) in Invested Capital		 7,844 5,416 -27,589 2,283 8,170 9,810 7,511 12,521 17,170 12,200 18,169
Enterprise Value (EV)		 67,179 75,292 96,193 108,284 147,674 190,823 229,353 223,988 197,016 232,912 266,342
Market Capitalization		 39,311 47,236 63,908 74,221 108,302 141,149 172,857 156,998 121,095 147,424 167,192
Book Value per Share		 $49.02 $52.09 $60.03 $71.44 $75.71 $74.55 $18.96 $19.74 $23.14 $24.36 $26.22
Tangible Book Value per Share		 $49.02 $52.09 $60.03 $69.57 $67.11 $65.87 $16.49 $17.30 $20.65 $22.00 $23.89
Total Capital		 52,799 56,171 64,556 75,593 84,430 93,020 100,496 114,402 132,235 143,194 162,098
Total Debt		 29,687 30,840 35,025 37,712 42,583 48,091 54,827 64,966 73,211 82,333 95,619
Total Long-Term Debt		 26,681 27,818 31,410 26,782 37,543 41,944 50,960 55,256 61,405 72,385 89,556
Net Debt		 27,330 27,066 30,990 30,326 34,530 41,258 48,029 56,783 64,365 74,728 87,279
Capital Expenditures (CapEx)		 3,511 3,957 3,754 5,692 10,762 7,514 7,555 9,519 8,439 8,115 8,721
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -877 -1,780 -2,161 -878 -2,005 -3,134 -4,921 -5,096 -3,486 -4,943 -5,982
Debt-free Net Working Capital (DFNWC)		 -306 -488 -447 -240 -1,405 -2,029 -4,282 -3,495 -796 -3,456 -3,170
Net Working Capital (NWC)		 -3,312 -3,510 -4,062 -11,170 -6,445 -8,176 -8,149 -13,205 -12,602 -13,404 -9,233
Net Nonoperating Expense (NNE)		 444 55 2,741 -2,413 1,340 2,654 -233 211 2,542 1,361 4,414
Net Nonoperating Obligations (NNO)		 64,985 68,182 36,393 30,326 34,530 41,258 48,029 56,783 64,365 74,728 87,279
Total Depreciation and Amortization (D&A)		 3,203 3,428 2,638 4,147 4,478 4,315 4,214 4,790 6,151 5,761 6,941
Debt-free, Cash-free Net Working Capital to Revenue		 -5.02% -11.03% -12.58% -5.25% -10.44% -17.41% -28.83% -24.32% -12.40% -19.97% -21.82%
Debt-free Net Working Capital to Revenue		 -1.75% -3.02% -2.60% -1.43% -7.32% -11.27% -25.09% -16.68% -2.83% -13.96% -11.56%
Net Working Capital to Revenue		 -18.94% -21.75% -23.65% -66.78% -33.56% -45.43% -47.74% -63.01% -44.82% -54.15% -33.68%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.53 $0.00 $2.87 $3.51 $1.96 $1.49 $1.82 $2.10 $3.61 $3.38 $3.31
Adjusted Weighted Average Basic Shares Outstanding		 1.80B 1.85B 1.88B 1.89B 1.96B 1.96B 1.96B 1.99B 2.05B 2.06B 2.08B
Adjusted Diluted Earnings per Share		 $1.52 $0.00 $2.85 $3.47 $1.94 $1.48 $1.81 $2.10 $3.60 $3.37 $3.30
Adjusted Weighted Average Diluted Shares Outstanding		 1.82B 1.86B 1.89B 1.91B 1.96B 1.96B 1.96B 1.99B 2.05B 2.06B 2.08B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.84B 1.87B 1.88B 1.91B 1.96B 1.96B 1.96B 1.99B 2.05B 2.06B 2.08B
Normalized Net Operating Profit after Tax (NOPAT)		 3,229 2,846 7,502 3,300 4,369 4,676 2,525 3,015 8,475 6,727 5,614
Normalized NOPAT Margin		 18.46% 17.63% 43.69% 19.73% 22.75% 25.98% 14.79% 14.39% 30.14% 27.18% 20.48%
Pre Tax Income Margin		 22.82% 27.13% 44.54% 43.95% 19.98% 13.41% 18.60% 18.29% 25.92% 24.39% 16.53%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.82 4.38 4.28 2.88 2.62 2.86 2.81 6.88 3.30 3.65 1.95
NOPAT to Interest Expense		 2.65 2.78 3.95 2.24 2.10 2.58 2.04 5.91 2.65 3.16 2.13
EBIT Less CapEx to Interest Expense		 0.93 0.78 2.44 -0.92 -2.16 -1.00 -3.14 -9.40 0.76 0.02 0.04
NOPAT Less CapEx to Interest Expense		 -0.25 -0.82 2.11 -1.56 -2.68 -1.28 -3.91 -10.36 0.12 -0.47 0.22
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 50.14% 53.75% 34.66% 36.37% 71.07% 115.79% 106.97% 103.27% 60.20% 74.32% 87.77%
Augmented Payout Ratio		 50.14% 53.75% 34.66% 36.37% 71.07% 119.67% 106.97% 103.27% 60.20% 74.32% 87.77%

Quarterly Metrics And Ratios for NextEra Energy

This table displays calculated financial ratios and metrics derived from NextEra Energy's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 2,085,342,456.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 2,085,342,456.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.05
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.74% 11.57% -14.67% -17.42% 5.51% -21.68% 9.00% 10.40% 5.27% 20.66% 7.27%
EBITDA Growth		 20.96% 32.57% -22.29% -28.46% 24.01% -42.27% 9.43% 23.98% 1.36% 30.47% 6.34%
EBIT Growth		 0.37% 31.32% -31.40% -40.79% 66.14% -63.10% 5.15% 22.06% -13.02% 62.70% -2.75%
NOPAT Growth		 24.66% 38.13% -25.51% -25.07% 48.07% -64.98% -12.36% 28.92% 0.53% 67.32% 96.84%
Net Income Growth		 -34.64% -27.86% 8.52% -49.45% 56.13% -4.38% -76.05% 26.47% 34.19% 25.17% 263.79%
EPS Growth		 -30.23% -24.68% 5.77% -42.75% 50.00% 0.00% -63.64% 24.05% 31.11% 27.59% 160.00%
Operating Cash Flow Growth		 48.10% 189.25% 83.92% 27.45% 16.51% -31.17% -10.01% -18.92% -5.65% 26.15% -5.60%
Free Cash Flow Firm Growth		 -127.25% -36.98% 1.30% 12.84% 56.94% 23.53% 35.87% 23.48% -87.13% -47.66% -82.70%
Invested Capital Growth		 19.06% 16.16% 14.70% 13.53% 8.54% 9.89% 8.54% 9.81% 12.87% 13.40% 14.54%
Revenue Q/Q Growth		 -2.41% -4.11% -16.66% 5.90% 24.68% -28.82% 15.99% 7.25% 18.90% -18.42% 3.11%
EBITDA Q/Q Growth		 -12.85% 18.15% -30.65% 0.19% 51.08% -44.99% 31.44% 13.50% 23.52% -29.20% 7.13%
EBIT Q/Q Growth		 -35.85% 56.03% -24.60% -21.55% 80.01% -65.34% 114.87% -8.94% 28.27% -35.17% 28.43%
NOPAT Q/Q Growth		 -17.99% 16.75% -19.74% -2.50% 62.06% -72.39% 100.87% 43.41% 26.38% -54.04% 136.31%
Net Income Q/Q Growth		 -60.26% -10.30% 111.93% -33.09% 22.76% -45.07% -46.91% 253.23% 30.26% -48.76% 54.30%
EPS Q/Q Growth		 -56.52% -3.33% 89.66% -28.18% 13.92% -35.56% -31.03% 145.00% 20.41% -37.29% 40.54%
Operating Cash Flow Q/Q Growth		 18.73% -21.45% 6.91% 27.82% 8.54% -53.60% 39.78% 15.17% 26.31% -37.96% 4.60%
Free Cash Flow Firm Q/Q Growth		 -8.39% 15.49% -0.56% 5.38% 46.45% -50.08% 15.67% -12.90% -30.96% -18.43% -4.34%
Invested Capital Q/Q Growth		 3.76% 0.86% 6.29% 2.07% -0.81% 2.11% 4.99% 3.26% 1.96% 2.59% 6.04%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 52.79% 56.30% 49.78% 50.26% 56.39% 44.91% 62.57% 54.72% 56.24% 39.16% 49.57%
EBITDA Margin		 54.48% 67.12% 55.85% 52.84% 64.03% 49.48% 56.07% 59.34% 61.65% 53.50% 55.59%
Operating Margin		 25.60% 38.68% 35.12% 27.52% 37.74% 17.45% 36.11% 28.52% 31.72% 24.40% 32.95%
EBIT Margin		 26.23% 42.68% 38.61% 28.60% 41.30% 20.11% 37.25% 31.63% 34.12% 27.11% 33.77%
Profit (Net Income) Margin		 14.21% 13.29% 33.80% 21.35% 21.03% 16.23% 7.43% 24.46% 26.80% 16.83% 25.19%
Tax Burden Percent		 104.73% 84.40% 89.51% 105.19% 99.69% 83.64% -814.04% 118.51% 113.26% 82.94% 140.78%
Interest Burden Percent		 51.73% 36.90% 97.79% 70.97% 51.07% 96.49% -2.45% 65.27% 69.35% 74.86% 52.98%
Effective Tax Rate		 -4.73% 15.60% 10.49% -5.19% 0.31% 16.36% 0.00% -18.51% -13.26% 17.06% -40.78%
Return on Invested Capital (ROIC)		 6.53% 7.99% 6.95% 5.94% 7.74% 2.79% 4.67% 6.23% 6.69% 3.84% 8.47%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.04% 5.80% 7.15% 5.28% 5.93% 2.92% 3.22% 5.45% 5.77% 3.56% 6.87%
Return on Net Nonoperating Assets (RNNOA)		 5.94% 6.48% 8.47% 6.40% 7.10% 3.38% 4.13% 7.27% 7.37% 4.53% 9.65%
Return on Equity (ROE)		 12.47% 14.47% 15.42% 12.34% 14.85% 6.17% 8.81% 13.51% 14.05% 8.37% 18.12%
Cash Return on Invested Capital (CROIC)		 -10.13% -7.27% -6.99% -6.52% -1.38% -3.97% -1.94% -2.82% -5.61% -5.82% -7.44%
Operating Return on Assets (OROA)		 4.38% 7.13% 6.07% 4.19% 6.06% 2.71% 5.03% 4.27% 4.60% 3.69% 4.53%
Return on Assets (ROA)		 2.37% 2.22% 5.31% 3.13% 3.09% 2.19% 1.00% 3.30% 3.61% 2.29% 3.38%
Return on Common Equity (ROCE)		 10.35% 11.57% 12.56% 10.18% 12.42% 5.02% 7.24% 11.21% 11.80% 6.88% 14.99%
Return on Equity Simple (ROE_SIMPLE)		 14.09% 0.00% 13.23% 10.51% 11.46% 0.00% 8.48% 8.99% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 1,923 2,245 1,802 1,757 2,847 786 1,579 2,265 2,862 1,315 3,109
NOPAT Margin		 26.81% 32.64% 31.44% 28.95% 37.62% 14.60% 25.28% 33.80% 35.93% 20.24% 46.39%
Net Nonoperating Expense Percent (NNEP)		 1.48% 2.20% -0.20% 0.67% 1.81% -0.13% 1.45% 0.78% 0.92% 0.27% 1.59%
Return On Investment Capital (ROIC_SIMPLE)		 - 1.71% - - - 0.55% 1.05% 1.47% 1.81% 0.81% 1.82%
Cost of Revenue to Revenue		 47.21% 43.70% 50.22% 49.74% 43.61% 55.09% 37.43% 45.28% 43.76% 60.84% 50.43%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 27.19% 17.62% 14.66% 22.74% 18.65% 27.46% 26.46% 26.19% 24.52% 14.76% 16.62%
Earnings before Interest and Taxes (EBIT)		 1,881 2,935 2,213 1,736 3,125 1,083 2,327 2,119 2,718 1,762 2,263
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,907 4,616 3,201 3,207 4,845 2,665 3,503 3,976 4,911 3,477 3,725
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.39 2.55 2.70 2.96 3.47 2.94 2.93 2.81 2.87 3.06 3.50
Price to Tangible Book Value (P/TBV)		 2.68 2.86 3.01 3.30 3.85 3.26 3.24 3.11 3.15 3.36 3.86
Price to Revenue (P/Rev)		 4.11 4.31 4.83 5.63 6.62 5.96 5.77 5.52 5.91 6.10 6.94
Price to Earnings (P/E)		 14.76 16.57 17.50 23.02 24.99 21.22 26.46 24.15 23.91 24.46 23.65
Dividend Yield		 3.29% 3.17% 3.00% 2.78% 2.38% 2.87% 2.98% 3.12% 2.93% 2.82% 2.50%
Earnings Yield		 6.78% 6.04% 5.71% 4.34% 4.00% 4.71% 3.78% 4.14% 4.18% 4.09% 4.23%
Enterprise Value to Invested Capital (EV/IC)		 1.53 1.60 1.63 1.72 1.93 1.72 1.67 1.63 1.68 1.73 1.85
Enterprise Value to Revenue (EV/Rev)		 6.85 7.01 7.87 8.91 9.77 9.41 9.43 9.23 9.55 9.72 10.81
Enterprise Value to EBITDA (EV/EBITDA)		 11.74 11.50 13.18 15.42 16.16 16.73 16.76 15.95 16.68 16.79 18.73
Enterprise Value to EBIT (EV/EBIT)		 18.27 17.95 21.45 26.26 25.62 28.55 28.82 27.63 30.45 29.84 34.00
Enterprise Value to NOPAT (EV/NOPAT)		 22.93 22.33 25.97 29.70 29.52 32.99 27.88 26.08 27.39 27.33 32.31
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.93 17.43 16.82 16.99 18.12 17.57 18.40 19.59 20.99 21.33 24.44
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.30 1.24 1.35 1.39 1.39 1.35 1.49 1.53 1.44 1.44 1.57
Long-Term Debt to Equity		 1.05 1.04 1.11 1.15 1.11 1.19 1.32 1.36 1.30 1.35 1.41
Financial Leverage		 1.18 1.12 1.18 1.21 1.20 1.16 1.28 1.33 1.28 1.27 1.40
Leverage Ratio		 3.18 3.10 3.07 3.10 3.08 3.07 3.12 3.19 3.14 3.16 3.27
Compound Leverage Factor		 1.64 1.14 3.01 2.20 1.57 2.96 -0.08 2.08 2.18 2.37 1.73
Debt to Total Capital		 56.45% 55.36% 57.37% 58.16% 58.16% 57.50% 59.77% 60.46% 59.04% 58.99% 61.04%
Short-Term Debt to Total Capital		 10.89% 8.93% 10.10% 9.95% 11.71% 6.95% 6.57% 6.81% 5.68% 3.74% 6.11%
Long-Term Debt to Total Capital		 45.56% 46.44% 47.28% 48.21% 46.45% 50.55% 53.19% 53.65% 53.37% 55.25% 54.93%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 7.29% 8.74% 7.71% 7.25% 6.67% 7.51% 7.03% 6.58% 6.60% 7.32% 6.67%
Common Equity to Total Capital		 36.26% 35.90% 34.91% 34.59% 35.17% 34.99% 33.20% 32.96% 34.35% 33.69% 32.29%
Debt to EBITDA		 4.59 4.28 4.93 5.53 5.22 5.92 6.31 6.22 6.19 6.03 6.49
Net Debt to EBITDA		 4.11 3.76 4.43 4.98 4.62 5.37 5.77 5.74 5.66 5.50 5.99
Long-Term Debt to EBITDA		 3.70 3.59 4.06 4.59 4.17 5.20 5.61 5.52 5.59 5.64 5.84
Debt to NOPAT		 8.96 8.30 9.72 10.66 9.53 11.66 10.49 10.16 10.16 9.81 11.19
Net Debt to NOPAT		 8.03 7.29 8.72 9.60 8.43 10.59 9.59 9.39 9.30 8.96 10.34
Long-Term Debt to NOPAT		 7.23 6.96 8.01 8.84 7.61 10.25 9.34 9.02 9.18 9.19 10.07
Altman Z-Score		 0.93 0.98 1.01 1.02 1.15 0.99 1.00 0.96 1.02 1.02 1.07
Noncontrolling Interest Sharing Ratio		 17.03% 20.07% 18.54% 17.47% 16.33% 18.61% 17.79% 16.97% 16.03% 17.77% 17.29%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.50 0.55 0.51 0.49 0.41 0.47 0.55 0.54 0.55 0.60 0.54
Quick Ratio		 0.23 0.26 0.23 0.24 0.22 0.24 0.31 0.32 0.34 0.38 0.32
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -17,661 -14,925 -15,008 -14,201 -7,605 -11,414 -9,625 -10,866 -14,231 -16,854 -17,584
Operating Cash Flow to CapEx		 138.74% 141.43% 132.17% 192.98% 216.48% 111.48% 117.93% 164.13% 164.41% 126.21% 85.70%
Free Cash Flow to Firm to Interest Expense		 -679.28 -7.54 -46.46 -17.32 -4.19 0.00 -5.43 -10.25 -12.34 -28.81 -13.66
Operating Cash Flow to Interest Expense		 140.92 1.45 9.53 4.80 2.35 0.00 1.56 3.01 3.49 4.27 2.03
Operating Cash Flow Less CapEx to Interest Expense		 39.35 0.43 2.32 2.31 1.26 0.00 0.24 1.18 1.37 0.89 -0.34
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.17 0.17 0.16 0.15 0.15 0.13 0.14 0.14 0.13 0.14 0.13
Accounts Receivable Turnover		 5.33 5.83 6.74 5.58 5.64 5.46 5.80 5.05 5.37 5.34 5.11
Inventory Turnover		 6.81 6.14 6.10 6.01 5.63 5.63 5.22 5.34 5.05 5.53 5.41
Fixed Asset Turnover		 0.24 0.24 0.22 0.21 0.21 0.19 0.19 0.19 0.19 0.19 0.18
Accounts Payable Turnover		 1.90 1.48 2.29 2.32 2.11 1.57 2.57 2.71 2.40 1.76 2.53
Days Sales Outstanding (DSO)		 68.53 62.62 54.19 65.36 64.74 66.86 62.92 72.23 67.93 68.35 71.36
Days Inventory Outstanding (DIO)		 53.64 59.45 59.88 60.68 64.79 64.81 69.98 68.40 72.29 66.01 67.49
Days Payable Outstanding (DPO)		 191.66 247.43 159.60 157.65 172.69 232.34 141.90 134.64 152.17 207.47 144.47
Cash Conversion Cycle (CCC)		 -69.49 -125.37 -45.54 -31.60 -43.16 -100.66 -9.00 5.98 -11.95 -73.11 -5.62
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 122,331 123,389 131,151 133,861 132,783 135,589 142,355 146,992 149,876 153,758 163,048
Invested Capital Turnover		 0.24 0.24 0.22 0.21 0.21 0.19 0.18 0.18 0.19 0.19 0.18
Increase / (Decrease) in Invested Capital		 19,584 17,170 16,810 15,958 10,452 12,200 11,204 13,131 17,093 18,169 20,693
Enterprise Value (EV)		 187,735 197,016 213,635 230,203 256,471 232,912 238,366 239,105 251,151 266,342 301,344
Market Capitalization		 112,499 121,095 131,125 145,482 173,739 147,424 145,823 142,910 155,456 167,192 193,518
Book Value per Share		 $23.27 $23.14 $23.68 $23.92 $24.35 $24.36 $24.22 $24.68 $26.31 $26.22 $26.50
Tangible Book Value per Share		 $20.78 $20.65 $21.20 $21.44 $21.96 $22.00 $21.85 $22.31 $23.96 $23.89 $24.03
Total Capital		 129,890 132,235 139,326 142,069 142,305 143,194 150,044 154,121 157,718 162,098 171,035
Total Debt		 73,322 73,211 79,937 82,633 82,767 82,333 89,678 93,189 93,122 95,619 104,403
Total Long-Term Debt		 59,183 61,405 65,868 68,494 66,100 72,385 79,814 82,690 84,169 89,556 93,948
Net Debt		 65,763 64,365 71,762 74,425 73,245 74,728 81,989 86,060 85,280 87,279 96,416
Capital Expenditures (CapEx)		 2,641 2,035 2,328 2,038 1,972 1,777 2,348 1,943 2,450 1,980 3,050
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1,681 -3,486 304 -840 -3,063 -4,943 -2,768 -1,783 -3,678 -5,982 -3,258
Debt-free Net Working Capital (DFNWC)		 -113 -796 1,946 711 -800 -3,456 -349 -55 -1,287 -3,170 -1,260
Net Working Capital (NWC)		 -14,252 -12,602 -12,123 -13,428 -17,467 -13,404 -10,213 -10,554 -10,240 -9,233 -11,715
Net Nonoperating Expense (NNE)		 904 1,331 -135 461 1,256 -88 1,115 626 727 221 1,421
Net Nonoperating Obligations (NNO)		 65,763 64,365 71,762 74,425 73,245 74,728 81,989 86,060 85,280 87,279 96,416
Total Depreciation and Amortization (D&A)		 2,026 1,681 988 1,471 1,720 1,582 1,176 1,857 2,193 1,715 1,462
Debt-free, Cash-free Net Working Capital to Revenue		 -6.13% -12.40% 1.12% -3.25% -11.67% -19.97% -10.95% -6.88% -13.99% -21.82% -11.69%
Debt-free Net Working Capital to Revenue		 -0.41% -2.83% 7.17% 2.75% -3.05% -13.96% -1.38% -0.21% -4.89% -11.56% -4.52%
Net Working Capital to Revenue		 -52.01% -44.82% -44.69% -51.95% -66.56% -54.15% -40.42% -40.75% -38.94% -33.68% -42.04%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.60 $0.59 $1.11 $0.79 $0.90 $0.58 $0.41 $0.99 $1.18 $0.73 $1.05
Adjusted Weighted Average Basic Shares Outstanding		 2.05B 2.05B 2.05B 2.06B 2.06B 2.06B 2.06B 2.06B 2.08B 2.08B 2.09B
Adjusted Diluted Earnings per Share		 $0.60 $0.58 $1.10 $0.79 $0.90 $0.58 $0.40 $0.98 $1.18 $0.74 $1.04
Adjusted Weighted Average Diluted Shares Outstanding		 2.05B 2.05B 2.05B 2.06B 2.06B 2.06B 2.06B 2.06B 2.08B 2.08B 2.09B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 2.05B 2.05B 2.05B 2.06B 2.06B 2.06B 2.06B 2.06B 2.08B 2.08B 2.09B
Normalized Net Operating Profit after Tax (NOPAT)		 1,280 1,912 1,750 1,149 2,617 758 1,554 1,325 1,669 1,263 1,366
Normalized NOPAT Margin		 17.85% 27.81% 30.53% 18.93% 34.58% 14.07% 24.88% 19.78% 20.95% 19.44% 20.38%
Pre Tax Income Margin		 13.57% 15.75% 37.76% 20.30% 21.09% 19.40% -0.91% 20.64% 23.66% 20.30% 17.89%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 72.35 1.48 6.85 2.12 1.72 0.00 1.31 2.00 2.36 3.01 1.76
NOPAT to Interest Expense		 73.95 1.13 5.58 2.14 1.57 0.00 0.89 2.14 2.48 2.25 2.42
EBIT Less CapEx to Interest Expense		 -29.23 0.45 -0.36 -0.37 0.63 0.00 -0.01 0.17 0.23 -0.37 -0.61
NOPAT Less CapEx to Interest Expense		 -27.62 0.11 -1.63 -0.34 0.48 0.00 -0.43 0.30 0.36 -1.14 0.05
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 55.28% 60.20% 60.77% 77.84% 72.06% 74.32% 102.79% 97.46% 89.16% 87.77% 73.43%
Augmented Payout Ratio		 55.28% 60.20% 60.77% 77.84% 72.06% 74.32% 102.79% 97.46% 89.16% 87.77% 73.43%

Financials Breakdown Chart

Key Financial Trends

Here are the notable trends for NextEra Energy (NYSE: NEE) based on the quarterly statements over the last four years, with a focus on the four most recent quarters (Q1–Q4 2025). The items below highlight what may positively or negatively impact the stock, or are neutral observations for context.

  • Q4 2025 operating revenue: $6,499,000,000, up from $5,386,000,000 in Q4 2024, signaling year‑over‑year revenue growth.
  • Q4 2025 net income attributable to common shareholders: $1,536,000,000, confirming positive quarterly earnings.
  • Strong cash generation from operations in 2025: quarterly cash from continuing operating activities was about $4.03B in Q3 2025 and about $2.50B in Q4 2025, underscoring solid operating cash flow.
  • Growing asset base supports capital program: Plant, Property, & Equipment (net) around $150.0B (Q3 2025), with total assets near $204.4B, reflecting ongoing capital expansion.
  • Balance sheet equity growth: Total Common Equity around $54.18B (Q3 2025) and Total equity including noncontrolling interests near $64.60B, indicating a strengthening capital base.
  • Continued access to debt markets to fund capital programs: Issuance of debt in 2025 included about $6.45B in Q4 2025 (along with sizable issuances earlier in 2025), supporting ongoing capital investments.
  • Stable quarterly dividend policy indicators: Cash dividends per share around $0.5665 across multiple 2025 quarters, suggesting a consistent payout policy.
  • Net financing activity remains constructive: Net cash from financing activities in Q4 2025 was roughly $3.00B, contributing to liquidity despite large investing activity.
  • Earnings per share and share count show quarterly variation: EPS figures vary by quarter (e.g., Q4 2025 basic $0.73, diluted $0.74 vs. Q3 2025 diluted EPS of about $1.18), reflecting quarterly mix and accounting effects.
  • Significant investing cash outflows in Q4 2025: Net cash from continuing investing activities was about −$5.21B in Q4 2025, contributing to negative quarterly free cash flow despite positive operating cash flow.
05/21/26 03:05 PM ETAI Generated. May Contain Errors.

NextEra Energy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, NextEra Energy's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

NextEra Energy's net income appears to be on an upward trend, with a most recent value of $5.33 billion in 2025, rising from $2.76 billion in 2015. The previous period was $5.70 billion in 2024. Check out NextEra Energy's forecast to explore projected trends and price targets.

NextEra Energy's total operating income in 2025 was $8.28 billion, based on the following breakdown:
  • Total Gross Profit: $14.60 billion
  • Total Operating Expenses: $6.32 billion

Over the last 10 years, NextEra Energy's total revenue changed from $17.49 billion in 2015 to $27.41 billion in 2025, a change of 56.8%.

NextEra Energy's total liabilities were at $146.24 billion at the end of 2025, a 13.1% increase from 2024, and a 146.3% increase since 2015.

In the past 10 years, NextEra Energy's cash and equivalents has ranged from $571 million in 2015 to $2.81 billion in 2025, and is currently $2.81 billion as of their latest financial filing in 2025.

Over the last 10 years, NextEra Energy's book value per share changed from 49.02 in 2015 to 26.22 in 2025, a change of -46.5%.


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Financial statements for NYSE:NEE last updated on 4/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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