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NextEra EnergyNEE

$174.0B market cap
NextEra EnergyNEE
Revenue

Revenue: is the business selling more than it used to?

$25.8B+10% YoYFY 2025

0.00$10.0B$20.0B20072008200920102011201220182019202020212022202320242025$25.8B

Revenue reached $25.8B in 2025, compounding +4% a year since 2022 though the path has been bumpy.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Net income

Net income: how much of that revenue becomes profit?

$6.8B−2% YoYFY 2025

0.00$5.0B2011201220132014201520162017201820192020202120222023202420252026$8.2B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Net income was $6.8B in 2025, compounding +18% a year over three years. Earnings per share moved +49% over the last twelve months. Trailing twelve-month profit stands at $8.2B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Growth rate

How fast is it growing, year by year?

+9.8%revenue growth, FY 2025

-50%0.0%50%20082009201020112012201820192020202120222023202420259.8%-1.6%

Revenue grew +10% in 2025 against a five-year average of +9%. Earnings went the other way (-2%) even as sales grew, so margins compressed: costs rose faster than revenue.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Per-share growth

Revenue per share: is your slice growing as fast as the company?

$12.46revenue per share, FY 2025

0.005.0010.00201120122018201920202021202220232024202512.466.03

Revenue per share reached $12.46 in 2025, compounding +2% a year against +4% for NEE as a whole. Dilution absorbed about 1.6 points of that growth. Free cash flow per share stands at $6.03.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Free cash flow

Free cash flow: what is left in real cash after everything?

$12.5B−6% YoYFY 2025

0.00$5.0B$10.0B20112012201320142015201620172018201920202021202220232024$13.3B2025$12.5B

Free cash flow was $12.5B in 2025, compounding +15% a year since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Cash conversion

How much of every sales dollar ends up as free cash?

0.0%20%40%20112012201820192020202120222023202456%202548%

48 cents of every sales dollar became free cash in 2025, up 12 points since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Spending intensity

What does staying competitive cost, per dollar of sales?

0.0%0.5%2011201220182019202020212022202320242025Stock comp 0.7%

The biggest claim on each sales dollar is stock compensation, at 1% of revenue. That share has risen since 2022, so the cost of competing is climbing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Operating leverage

When sales grow, do profits grow faster?

0.0%100%2012201820192020202120222023202420259.8%11%

Operating profit outgrew revenue in 3 of the last 5 years, most recently +11% against +10%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Margins

Margins: of every $1 of sales, how much survives each cost layer?

0.0%20%40%20072008200920102011201220182019202020212022202320242025202632%32%

2026 = trailing twelve months to the latest filed quarter (2026-03-31), not a full fiscal year

Operating margin widened 14 points to 32% since 2022. After everything, 26 cents of each sales dollar reaches net profit. NEE doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Returns on capital

What does it earn on the money it uses?

0.0%10%20%201120122013201420152016201720182019202020212022202320242025202615%3.7%4.4%

2026 = trailing twelve months to the latest filed quarter (2026-03-31), not a full fiscal year

ROE of 15% sits well above ROCE of 4%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Valuation history

What has the market paid for NEE over time?

21.1xP/E today

0.0020.0040.002018201920202021202220232024202520268-year median 22.3xP/E 21.11

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

At 21.1x earnings, the market is paying about what it has typically paid NEE's own 8-year median of 22.3x. Neither a bargain nor a stretch by its own standard.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Free cash flow yield

What cash return does the business throw off per dollar of market value?

0.0%5.0%10%201820192020202120222023202420258-year median 8.8%FCF yield 8.4%

The business yielded 8.4% of free cash against its market value in 2025.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Debt & cash

Could it handle its debt if things went wrong?

0.00$50.0B$100B201220132014201520162017201820192020202120222023202420252026$97.8B$2.0B

Debt of $97.8B sits against $2.0B of cash, or 1.8x shareholders' equity.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Shareholders' equity

Is the company's own capital growing?

0.00$20.0B$40.0B201220132014201520162017201820192020202120222023202420252026$55.2B

The company's own capital grew from $47.5B in 2023 to $55.2B (+16%). The business is building book value rather than consuming it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Capital returned

How much goes back, and how much leaks out as stock comp?

0.00$2.0B$4.0B2009201020112012201320142026

Shareholders received $4.7B in dividends in 2014. Stock compensation issued $185M of new shares in the same year, offsetting 4% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Dilution rate

How fast is your ownership being diluted - or concentrated?

0.0%2.0%20122013201420153.2%20162017201820192020202120222023202420250.6%

The share count grew 0.6% in 2025, averaging 1.5% a year over three years. Your slice of the company shrinks by that much each year unless earnings grow faster.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Dividend per share

Is the dividend cheque growing?

0.001.002.00201120122013201420152016201720182019202020212022202320242025DPS 2.26

The dividend per share reached $2.26 in 2025, compounding +10% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Payout quality

Can it afford the dividend?

0.0%50%201120122013201420152016201720182019202020212022202320242025202657%37%

2026 = trailing twelve months to the latest filed quarter (2026-03-31), not a full fiscal year

The dividend consumed 68% of profit and 37% of free cash flow in 2025. That leaves room to keep paying through a weak year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Return on capital employed

Does NEE earn more on its capital than that capital costs?

0.0%5.0%10%20112012201320142015201620172018201920202021202220232024202510% cost of capitalreturn on capital 4.4%

NEE earns 4.4% on the capital it employs, below the 10% most investors treat as the cost of capital. It was 3.1% in 2022, so the trend is up, and the pace is picking up.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Dilution against what it bought

NEE has issued or retired shares - did shareholders end up better off?

0501002011201220182019202020212022202320242025124136

NEE issued +24% more shares from 2011 to 2025, but revenue per share still rose +36%. The dilution bought more growth than it cost existing holders.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

NextEra EnergyNEE
Insider flow

Are the people running it buying or selling?

$2M0.00Feb '26Mar '26

Insiders sold $4M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 51 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

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