Overview
NEXTERA ENERGY INC
Latest 10-K: FY2025 · Open the 10-K on SEC EDGAR ↗
- Revenue
- $25.80B
- 9.8%YoYup from FY2024
- TotalRevenue
- Gross profit
- Not reported
- Operating income
- $8.28B
- 10.7%YoYup from FY2024
- OperatingIncome
- Net income
- $6.83B
- 1.6%YoYdown from FY2024
- NetIncome
- Diluted EPS
- $3.30
- 2.1%YoYdown from FY2024
- EPSDiluted
- Diluted shares
- 2.07B
- 0.6%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- NEXTERA ENERGY INC reported revenue of $25.80B for fiscal 2025, up 9.8% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 3 of the last 5 fiscal years.
Profitability
- Operating margin was 32.1% and net margin was 26.5%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $3.30, down 2.1% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $25.80B9.8%up Benchmark median 6.4% | $23.50B5.2%down Benchmark median 4.5% | $24.80B7.8%up Benchmark median 4.8% | $23.00B22.3%up Benchmark median 10.3% | $18.80B10.6%up Benchmark median 13.8% | 8.2% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | — | — | — | — | — | — Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $8.28B10.7%up Benchmark median 7.3% | $7.48B26.9%down Benchmark median 7.4% | $10.24B150.8%up Benchmark median 4.9% | $4.08B40.1%up Benchmark median 7.5% | $2.91B43.1%down Benchmark median 23.5% | 29.8% Benchmark median 7.2% |
| Net Income | $6.83B1.6%down Benchmark median 4.8% | $6.95B5.0%down Benchmark median 5.7% | $7.31B76.3%up Benchmark median 1.9% | $4.15B16.1%up Benchmark median 1.3% | $3.57B22.4%up Benchmark median 33.9% | 17.6% Benchmark median 4.1% |
| EPS (Diluted) | $3.302.1%down Benchmark median 6.2% | $3.376.4%down Benchmark median 7.9% | $3.6071.4%up Benchmark median 1.9% | $2.1016.0%up Benchmark median 1.5% | $1.8122.3%up Benchmark median 34.8% | 16.2% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $212.72B11.9%up Benchmark median 5.6% | $190.14B7.1%up Benchmark median 3.4% | $177.49B11.7%up Benchmark median 4.1% | $158.94B12.8%up Benchmark median 2.2% | $140.91B10.4%up Benchmark median 6.7% | 10.8% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $146.24B13.1%up Benchmark median 6.4% | $129.28B9.1%up Benchmark median 1.9% | $118.47B8.2%up Benchmark median 2.9% | $109.50B15.0%up Benchmark median 2.0% | $95.24B15.1%up Benchmark median 5.2% | 11.3% Benchmark median 4.4% |
| Stockholders' Equity | $66.48B10.0%up Benchmark median 6.8% | $60.46B4.7%up Benchmark median 5.4% | $57.77B19.5%up Benchmark median 7.3% | $48.33B6.4%up Benchmark median 2.5% | $45.42B1.1%up Benchmark median 9.0% | 10.0% Benchmark median 6.1% |
| Cash & Equivalents | $2.81B89.1%up Benchmark median 5.2% | $1.49B44.7%down Benchmark median 1.9% | $2.69B68.0%up Benchmark median 6.7% | $1.60B150.5%up Benchmark median -8.6% | $0.64B42.2%down Benchmark median -2.9% | 44.8% Benchmark median 2.0% |
| Total Debt | $95.01B15.7%up Benchmark median 2.1% | $82.12B12.6%up Benchmark median 0.2% | $72.96B14.7%up Benchmark median 0.3% | $63.60B17.5%up Benchmark median 0.1% | $54.13B13.6%up Benchmark median -0.1% | 15.1% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.48B5.8%down Benchmark median 6.3% | $13.26B17.3%up Benchmark median 4.8% | $11.30B36.8%up Benchmark median 9.9% | $8.26B9.4%up Benchmark median -0.7% | $7.55B5.4%down Benchmark median 10.7% | 13.4% Benchmark median 7.0% |
| Capital Expenditures | — | — | — | — | — | — Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | — | — | — | — | — | — Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
4.1%
Wall Street
on net earnings
FY2024 4.7%
— Not reported
Value investor
on free cash flow
FY2024 — Not reported
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 24.3×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
5.8%
Wall Street
on EBITDA
FY2024 5.7%
3.2%
Value investor
on EBIT
FY2024 3.3%
Gap −2.6 pts: Value-investor figure 2.6 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 17.4×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
40.0%
Wall Street
on book equity
FY2024 41.0%
37.1%
Value investor
on tangible book
FY2024 37.7%
Gap −2.9 pts: Value-investor figure 2.9 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 2.5×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
10.8%
Wall Street
ROE: net income ÷ equity
FY2024 11.8%
4.3%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 4.1%
Gap −6.5 pts: Value-investor figure 6.5 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
57.6%
Wall Street
EBITDA margin
FY2024 55.1%
— Not reported
Value investor
Free-cash-flow margin
FY2024 — Not reported
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
0.60×
Wall Street
Current ratio
FY2024 0.47×
0.49×
Value investor
Quick ratio, inventory excluded
FY2024 0.38×
Gap −0.11×: Value-investor figure 0.11 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.16×
Wall Street
EBITDA ÷ total debt
FY2024 0.16×
— Not reported
Value investor
FCF ÷ total debt
FY2024 — Not reported
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 6.20×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on NEE yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on NEE and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/NEE
Valuein. (2026, October 31). NEXTERA ENERGY INC (NEE) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/NEE
@misc{valuein_nee_2026,
author = {{Valuein}},
title = {NEXTERA ENERGY INC (NEE) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/NEE}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Mar 8, 2001 · accession 0000753308-01-500013
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