— Know what they know.
/
Not Investment Advice

NEE

NYSE · USD
NextEra Energy, Inc.
Utilities · Regulated Electric
CEO John W. Ketchum Employees 17,300 R&D / revenue 0.0%
Last price
$79.80+1.06%last session
Market cap
$166.5B
P/E (TTM)
17.9x
From 52w high
−19.2%
From 52w low
+7.2%
1-year return
−5.6%
RSI 14 · vs SMA200
55.4 · −8.4%
IS score
48.7/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

NEE   SPY   XLU (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116NEE 94XLU 92

Score DNA

Each bar is a 0-100 score within the scored universe
76
Profitability
67
Growth
55
Value
92
Momentum
15
Risk (safety)
72
Quality
23
Balance sheet
72
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
▲ Altman distress zone▲ Share count rising
Observations
Moat model: Narrow, Intangible AssetsPiotroski 6 / 9Altman Z 1.1Beta 0.643 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
No open-market sales on file
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+6
190 new holders, 143 closed
3,029 filers hold 85.0% · 1,401 added, 1,068 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+293
1,440 funds adding shares
1,147 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
64.3%
20-day avg 53.1%, 50-day avg 48.7%
Latest 11.2 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$27.5B
Revenue growth YoY+11.0%
Gross margin62.8%
Operating income$8.3B
Operating margin30.1%
Net income$6.8B
Net margin24.9%
EPS (diluted)$3.29
Cash flow
Operating cash flow$12.5B
Capital expenditure$9.3B
Free cash flow$3.2B
FCF conversion (FCF / OCF)25.7%
Stock-based compensation$0
FCF less SBC$3.2B
Buybacks$0
Dividends$4.7B
Balance sheet & returns
Cash & short-term investments$2.8B
Total debt$95.6B
Net debt$92.8B
Shareholders' equity$66.5B
Goodwill & intangibles$8.5B
Debt / equity1.93
ROE (TTM)16.8%
ROIC (TTM)4.0%
Operating margin by fiscal year
17.1%FY202119.5%FY202236.4%FY202330.2%FY202430.1%FY2025
Revenue $17.1B (FY2021) to $27.5B (FY2025), a 12.6% CAGR.

Valuation

P/E (TTM)17.9x
EV / EBITDA15.6x
Price / sales5.74x
Price / FCF54.6x
FCF yield1.83%
Buyback yield0.00%
SBC / revenue0.0%
Price / book2.92x
Forward P/E FY202619.8x
Forward P/E FY202718.2x
Forward P/E FY202816.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $96.56 across 9 analysts last quarter is theirs, not ours.

NEE vs industry median

139 companies in Regulated Electric
Gross margin 71.8% 39.0% Operating margin 29.5% 19.1% Net margin 32.0% 13.0% ROIC 4.0% 5.7%
NEE (TTM)Industry median Asset turnover 0.12 vs industry 0.24 · financial leverage 4.08

Earnings delivery

Next report 2026-10-21 · consensus EPS $1.19
75%
beat rate, 9 of 12 quarters
+5.3%
median EPS surprise
3
longest beat streak
+9+6+17-2+5+0+2+4+17-5+6+6
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-24 to 2026-07-24. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
NEE NextEra Energy, Inc. $166.5B17.9x16.8%32.0%+11.0% −5.6%
SO The Southern Company $104.9B21.9x12.7%16.8%+6.4% −4.3%
DUK Duke Energy Corporation $94.7B18.2x9.9%14.4%+6.7% −1.3%
AEP American Electric Power Comp $69.2B21.8x10.1%13.1%+7.7% +9.0%
D Dominion Energy, Inc. $55.9B22.0x9.1%7.5%+20.3% +6.1%
ETR Entergy Corporation $50.2B26.5x10.5%13.8%+9.5% —
XEL Xcel Energy Inc. $47.7B20.8x9.9%18.8%+4.7% —
ELC Entergy Louisiana, LLC COLLA $45.8B4.6x12.6%13.7%+9.5% —
12-month window: SPY +15.9%, sector ETF XLU −8.1%. Past returns describe history only.

Recent 8-K filings

No 8-K filings on file.

Context

Shares outstanding2,085,978,209
Free float99.8%
Institutional ownership85.0%
Beta0.64
Dividend yield3.05%
Last dividend$0.62 on 2026-08-28
50 / 200-day average$81.25 / $87.29
Large-cap Utilities median P/E20.7x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where NEE sits among 45 scored companies in Regulated Electric (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureNEEIndustry medianIndustry percentileSector median
P/E (TTM) 17.9x 19.6x
39th		 20.7x
PEG (P/E ÷ 3-yr EPS CAGR) 4.88 1.94
87th		 2.20
Price / sales 5.7x 2.4x
100th		 2.4x
Price / book 2.9x 1.8x
98th		 1.9x
Price / tangible book 3.5x 2.0x
93rd		 2.1x
Price / free cash flow 54.6x 13.7x
84th		 34.3x
Price / operating cash flow 12.1x 9.1x
91st		 9.2x
Enterprise value $273.8B $51.2B
100th		 $25.7B
EV / sales 9.4x 3.9x
100th		 4.5x
EV / EBITDA 15.4x 11.6x
100th		 11.9x
EV / EBIT 26.2x 19.5x
100th		 19.6x
EV / free cash flow 89.8x 25.9x
84th		 35.3x
Earnings yield 5.6% 5.1%
61st		 4.8%
FCF yield 1.8% -1.8%
64th		 -4.2%
Operating cash flow yield 8.3% 10.7%
12th		 10.3%
Graham number (per share) $52.33 $56.02
41st		 $48.77

Profitability (TTM)

MeasureNEEIndustry medianIndustry percentileSector median
Gross margin 71.8% 43.4%
98th		 43.4%
EBITDA margin 61.4% 40.2%
100th		 38.7%
Operating margin 29.5% 22.2%
100th		 20.9%
EBIT margin 36.0% 23.8%
100th		 23.2%
Net margin 32.0% 13.5%
100th		 12.4%
NOPAT margin 32.0% 19.3%
100th		 18.1%
FCF margin 10.5% -5.6%
75th		 -7.6%
Operating cash flow margin 47.6% 29.1%
98th		 28.3%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 0.0% 3.8%
0th		 4.2%
Stock comp / revenue 0.0% 0.0%
0th		 0.0%
Effective tax rate -8.6% 13.7%
7th		 18.4%

Returns on capital

MeasureNEEIndustry medianIndustry percentileSector median
ROE (on average equity) 17.2% 10.5%
98th		 9.5%
ROA 4.3% 2.7%
93rd		 2.6%
ROIC 5.7% 5.5%
59th		 5.5%
ROCE 5.1% 5.3%
36th		 5.1%
Return on tangible assets 4.8% 4.9%
41st		 4.7%
Cash ROIC (OCF / invested capital) 8.4% 8.6%
41st		 8.0%
Gross profitability (GP / assets) 9.0% 9.1%
48th		 8.6%
ROIC, 3-yr average 5.7% 4.4%
86th		 4.2%
ROIC, 5-yr average 5.5% 4.3%
86th		 4.2%
ROE, 5-yr average 13.2% 10.7%
93rd		 9.1%
Incremental ROIC 12.3% 21.9%
23rd		 20.6%

Growth

MeasureNEEIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 12.1% 8.0%
80th		 7.2%
Revenue growth (QoQ) 8.3% -16.9%
82nd		 -16.9%
Revenue CAGR, 3 yr 2.5% 2.8%
36th		 3.0%
Revenue CAGR, 5 yr 11.5% 5.6%
95th		 6.3%
Gross profit CAGR, 3 yr 9.0% 8.0%
55th		 7.9%
Operating income CAGR, 3 yr -3.9% 10.5%
11th		 9.4%
Net income growth (TTM YoY) 57.2% 8.5%
95th		 8.6%
Net income CAGR, 3 yr 4.7% 9.5%
30th		 8.8%
EPS growth (TTM YoY) 55.1% 2.3%
95th		 4.2%
EPS CAGR, 3 yr 3.7% 6.6%
36th		 6.6%
EPS CAGR, 5 yr 22.8% 4.1%
92nd		 4.0%
FCF growth (TTM YoY) -63.3% -65.2%
60th		 -60.5%
FCF CAGR, 3 yr —
Operating cash flow CAGR, 3 yr 18.8% 17.7%
56th		 12.7%
Book value CAGR, 3 yr 7.4% 4.8%
66th		 4.7%
Dividend CAGR, 3 yr 2.5% 0.3%
84th		 0.3%
Sustainable growth rate 8.1% 3.8%
86th		 3.7%

Margin history & stability

MeasureNEEIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 65.0% 44.0%
98th		 42.6%
Operating margin, 3-yr average 30.6% 21.9%
100th		 20.0%
Net margin, 3-yr average 26.4% 13.0%
100th		 12.5%
FCF margin, 3-yr average 19.6% -4.3%
98th		 -7.9%
Revenue stability (0-1) 0.76 0.75
55th		 0.75
Earnings stability (0-1) 0.62 0.43
64th		 0.51
Margin stability (0-1) 0.89 0.83
70th		 0.84

Liquidity (latest quarter)

MeasureNEEIndustry medianIndustry percentileSector median
Cash & short-term investments $2.9B $241.0M
86th		 $215.5M
Net cash (− = net debt) −$107.3B −$24.6B
0th		 −$12.1B
Working capital −$13.5B −$794.4M
0th		 −$284.5M
Current ratio 0.53 0.80
11th		 0.82
Quick ratio 0.44 0.66
20th		 0.69
Cash ratio (cash + ST investments / current liabilities) 0.10 0.07
66th		 0.08
Defensive interval (days) 290 days 286 days
52nd		 314 days

Leverage & solvency (latest quarter)

MeasureNEEIndustry medianIndustry percentileSector median
Total debt $110.2B $25.1B
100th		 $12.5B
Debt / equity 1.93 1.68
66th		 1.61
Net debt / equity 1.88 1.67
73rd		 1.60
Debt / assets 47.3% 44.6%
73rd		 43.4%
Debt / capital 65.9% 62.7%
66th		 61.8%
Debt / EBITDA 6.18 5.59
77th		 5.59
Net debt / EBITDA 6.02 5.54
70th		 5.53
Interest coverage (EBIT / interest) 3.0x 2.4x
84th		 2.4x
Cash interest coverage 3.9x 3.1x
80th		 3.0x
Debt payback (years of OCF) 8.0 yrs 7.5 yrs
65th		 7.5 yrs
Liabilities / assets 70.7% 73.0%
30th		 70.8%
IS credit model rating B- — —
Implied credit spread (bps) 900 750
75th		 750

Efficiency

MeasureNEEIndustry medianIndustry percentileSector median
Asset turnover 0.13 0.21
2nd		 0.20
Fixed asset turnover 0.17 0.27
2nd		 0.27
Inventory turnover 3.4 6.7
9th		 8.7
Receivables turnover 6.8 8.7
11th		 8.4
Days sales outstanding 54 days 41 days
91st		 43 days
Days inventory outstanding 108 days 54 days
93rd		 42 days
Days payables outstanding 240 days 77 days
98th		 75 days
Cash conversion cycle (days) −78 days 15 days
2nd		 14 days
Capex / revenue 37.1% 33.3%
64th		 35.1%
Capex / depreciation 1.46 2.35
29th		 2.40
Operating expense ratio 52.0% 30.3%
82nd		 30.7%

Cash flow & earnings quality

MeasureNEEIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.48 2.19
14th		 2.20
FCF / net income 0.33 −0.32
64th		 −0.74
FCF / operating cash flow 22.1% -20.3%
66th		 -33.3%
Capex / operating cash flow 77.9% 120.3%
34th		 133.3%
Accruals ratio -2.1% -3.3%
84th		 -3.2%
Sloan accruals ratio -4.8% -3.7%
25th		 -3.7%
Earnings quality score (0-1) 1.00 1.00
16th		 1.00

Dividends & buybacks

MeasureNEEIndustry medianIndustry percentileSector median
Dividend yield 3.1% 3.3%
25th		 3.3%
Dividend per share (TTM) $2.44 $2.56
48th		 $1.87
Payout ratio (dividends / net income) 53.2% 65.4%
25th		 63.9%
Dividends / FCF 162.3% 59.8%
89th		 65.6%
Dividend growth (YoY) 9.6% 3.9%
82nd		 3.9%
Buyback yield 0.0% 0.0%
0th		 0.0%
Shareholder yield (dividends + buybacks) 3.0% 3.3%
36th		 3.3%
Share count change (YoY) 1.3% 2.2%
36th		 2.5%
Buybacks, last 5 years $0 $0
0th		 $0

Scores & forensic checks

MeasureNEEIndustry medianIndustry percentileSector median
IS score 49 42
86th		 40
IS profitability 76 50
100th		 44
IS growth 67 49
98th		 50
IS value 55 58
32nd		 56
IS momentum 92 77
100th		 78
IS risk (safety) 15 15
0th		 15
IS quality 72 66
82nd		 64
IS balance sheet 23 25
18th		 28
IS earnings quality 72 79
11th		 79
IS cash flow 37 35
61st		 35
Piotroski F-score (0-9) 6 6
32nd		 6
Altman Z-score 1.1 0.8
77th		 0.9
Beneish M-score −2.44 −2.60
65th		 −2.64
Ohlson O-score −7.85 −7.06
7th		 −7.04
IS credit score 23 27
16th		 29

Per share

MeasureNEEIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $4.45 $3.90
68th		 $3.13
Book value per share $27.35 $34.68
20th		 $32.52
Tangible book per share $30.16 $34.58
30th		 $32.45
Revenue per share $13.89 $27.50
7th		 $24.86
FCF per share $1.46 −$1.01
68th		 −$1.64
Operating cash flow per share $6.61 $8.38
30th		 $7.00
Cash per share $1.37 $0.80
68th		 $0.83

Size (TTM)

MeasureNEEIndustry medianIndustry percentileSector median
Market cap $166.5B $21.5B
100th		 $8.5B
Revenue $29.0B $12.5B
86th		 $5.4B
EBITDA $17.8B $4.3B
100th		 $2.7B
Net income $9.3B $1.3B
100th		 $559.7M
Free cash flow $3.0B −$189.0M
86th		 −$190.6M
Total assets $232.8B $56.2B
100th		 $34.0B
Shareholders' equity $57.1B $12.5B
100th		 $5.1B
Employees 17,400 9,950
80th		 5,870

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-12May James Michael
Treasurer and Asst. Secretary
 Tax withholding 1,855$78.51$145,63624,548
2026-10-07Daggs Nicole J
EVP, Human Res & Corp Svcs
 Other 8,487——16,905
2026-10-02Arnaboldi Nicole S
Director
 Award / grant 474——9,016
2026-09-15Arnaboldi Nicole S
Director
 Award / grant 67——8,542
2026-09-15Camaren James Lawrence
Director
 Award / grant 271——34,954
2026-09-15Porges David L
Director
 Award / grant 52——6,663
2026-08-17Rubio Alex
EVP, Eng., Const. & ISC
 Tax withholding 85$86.19$7,32630,805
2026-08-03Rubio Alex
EVP, Eng., Const. & ISC
 — 7,400$45.65$337,8280
2026-08-03Rubio Alex
EVP, Eng., Const. & ISC
 — 5,480$68.87$377,3940
2026-08-03Rubio Alex
EVP, Eng., Const. & ISC
 — 4,564$83.95$383,1480
2026-08-03Rubio Alex
EVP, Eng., Const. & ISC
 — 5,353$75.38$403,5090
2026-08-03Rubio Alex
EVP, Eng., Const. & ISC
 — 4,664$75.69$353,0180

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired81,661—
OtherDisposed18,487—
Tax withholdingDisposed33,191$272,295
—Disposed2188,827$6.5M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
None on file.
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 25 trades (7 purchases) · Senate 2 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-10-02Kevin HernHouseSale$15,001 - $50,0002026-10-14
2026-10-02Kevin HernHouseSale (Full)$15,001 - $50,0002026-10-13
2026-09-25Ro KhannaHousePurchase$15,001 - $50,0002026-10-09
2026-09-14Kevin HernHouseSale$15,001 - $50,0002026-09-28
2026-06-08Tommy TubervilleSenateSale$15,001 - $50,0002026-07-16
2026-06-08Thomas Hawley TubervilleSenateSale$15,001 - $50,0002026-07-16
2024-04-04Tina SmithSenateSale (Partial)$100,001 - $250,0002024-04-19
2024-04-04Tina SmithSenateSale (Partial)$100,001 - $250,0002024-04-18
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.186,838,459$16.4B8.96%
VANGUARD CAPITAL MANAGEMENT LLC136,210,944$12.0B6.53%
STATE STREET CORP118,952,736$10.4B5.70%
JPMORGAN CHASE & CO103,145,420$9.1B4.94%
VANGUARD PORTFOLIO MANAGEMENT LLC62,243,168$5.5B2.98%
GEODE CAPITAL MANAGEMENT, LLC49,963,310$4.4B2.40%
FRANKLIN RESOURCES INC44,453,780$3.9B2.13%
NORGES BANK32,117,624$2.8B1.54%
BANK OF AMERICA CORP /DE/29,669,707$2.6B1.42%
FMR LLC29,555,864$2.6B1.42%
WELLS FARGO & COMPANY/MN29,199,799$2.6B1.40%
GOLDMAN SACHS GROUP INC23,923,451$2.1B1.15%
MORGAN STANLEY21,633,708$1.9B1.04%
UBS Group AG20,345,321$1.8B0.98%
Capital Research Global Investors20,100,508$1.8B0.96%

Institutional ownership by quarter

2023-092026-0685.0%
% of shares held by 13F filers
2023-092026-063,029
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-303,02985.0%1901,4011,068143
2026-03-313,02382.4%2811,2831,121149
2025-12-312,94081.8%3841,1981,024104
2025-09-302,72379.4%2091,1221,069122
2025-06-302,67980.2%1751,188996164
2025-03-312,70780.4%1841,1831,031172
2024-12-312,74380.0%3351,0951,003176
2024-09-302,63378.6%2531,0771,01097
2024-06-302,51379.0%2351,098895125
2024-03-312,44077.4%2151,110854128
2023-12-312,39077.0%304915982153
2023-09-302,28076.5%1501,006888217

Schedule 13D / 13G filers

FiledFormFiler% of classShares
None on file.
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.22%$5.0B
VTSAX0.22%$5.0B
VTI0.22%$5.0B
VSMPX0.22%$5.0B
VOO0.24%$4.1B
VFFSX0.24%$4.1B

Share structure

Shares outstanding2,085,978,209
Float2,081,172,706
Free float99.8%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$17.1B$21.0B$28.1B$24.8B$27.5B
Cost of revenue$8.5B$10.8B$10.1B$9.9B$10.2B
Gross profit$8.6B$10.1B$18.0B$14.9B$17.3B
R&D$0$0$0$0$0
SG&A$0$0$0$0$0
Operating income$2.9B$4.1B$10.2B$7.5B$8.3B
EBITDA$8.7B$9.2B$16.8B$14.0B$16.2B
Pretax income$3.2B$3.8B$7.3B$6.0B$4.5B
Income tax$348.0M$586.0M$1.0B$339.0M−$802.0M
Net income$3.6B$4.1B$7.3B$6.9B$6.8B
EPS, diluted$1.81$2.10$3.60$3.37$3.29
Diluted shares2.0B2.0B2.0B2.1B2.1B

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$639.0M$1.6B$2.7B$1.5B$2.8B
Receivables$4.1B$5.4B$6.0B$4.8B$5.8B
Inventory$1.6B$1.9B$2.1B$2.2B$2.4B
Total current assets$9.3B$13.5B$15.4B$12.0B$13.6B
PP&E, net$99.3B$111.1B$125.8B$138.9B$156.2B
Goodwill & intangibles$5.6B$5.6B$6.8B$6.6B$8.5B
Total assets$140.9B$158.9B$177.5B$190.1B$212.7B
Accounts payable$6.9B$8.3B$8.5B$7.0B$7.6B
Total current liabilities$17.4B$26.7B$28.0B$25.4B$22.8B
Long-term debt$51.0B$55.3B$61.4B$72.4B$89.6B
Total liabilities$95.2B$109.5B$118.5B$129.3B$146.2B
Shareholders' equity$45.7B$49.4B$59.0B$60.9B$66.5B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$3.6B$3.2B$6.3B$5.7B$5.3B
Depreciation & amortization$4.2B$4.8B$6.2B$5.8B$6.9B
Stock-based compensation$0$142.0M$0$0$0
Change in working capital−$523.0M$412.0M−$1.4B$160.0M−$373.0M
Operating cash flow$7.6B$8.3B$11.3B$13.3B$12.5B
Capital expenditure−$7.8B−$9.7B−$9.5B−$8.5B−$9.3B
Free cash flow−$277.0M−$1.5B$1.8B$4.7B$3.2B
Investing cash flow−$13.6B−$18.4B−$23.5B−$22.3B−$23.9B
Net debt issued / repaid$6.7B$10.3B$8.2B$11.6B$13.7B
Buybacks$0$0$0$0$0
Dividends paid−$3.0B−$3.4B−$3.8B−$4.2B−$4.7B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin50.3%48.4%63.9%60.1%62.8%
Operating margin17.1%19.5%36.4%30.2%30.1%
Net margin20.9%19.8%26.0%28.1%24.9%
FCF margin-1.6%-7.1%6.2%19.2%28.3%
ROE9.7%10.9%16.9%14.2%13.1%
ROIC2.8%3.4%7.5%5.4%6.6%
ROA2.7%2.8%4.3%3.8%3.4%
Debt / equity1.471.661.541.641.75
Interest coverage2.2x5.2x3.2x2.2x2.0x
Current ratio0.530.510.550.470.60
Revenue growth−5.2%+22.8%+34.2%−12.0%+11.0%
EPS growth+22.2%+15.0%+71.0%−5.4%−2.9%
P/E at year end46.3x36.8x16.1x20.6x24.5x
EV / EBITDA at year end27.5x22.4x11.2x16.0x16.1x
FCF yield at year end-0.17%-0.97%1.49%3.31%4.64%
Dividend payout84.6%80.8%51.7%61.0%68.5%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
FPL————$18.3B
Florida Power & Light Company———$17.0B$18.3B
FPL Segment$12.6B————
NEER————$8.8B
NEER Segment$3.1B——$7.5B$8.8B
Gulf Power Segment$1.5B————
Franchise And Gross Receipts Taxes—$1.0B$1.1B——

Street estimates by fiscal year

Next report 2026-10-21 · consensus EPS $1.19 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$30.8B$29.5B – $33.3B$4.02$3.95 – $4.261219.8x
2027$33.7B$30.5B – $38.0B$4.38$4.22 – $4.671418.2x
2028$36.8B$30.3B – $41.3B$4.76$4.54 – $5.02916.8x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-24$1.09$1.15+5.5%$8.1B$7.5B−7.1%
2026-04-23$1.03$1.09+5.8%$7.3B$6.7B−7.8%
2026-01-27$0.56$0.53−5.4%$6.7B$6.5B−3.3%
2025-10-28$0.97$1.13+16.9%$8.1B$8.0B−2.0%
2025-07-23$1.01$1.05+4.0%$7.2B$6.7B−7.1%
2025-04-23$0.97$0.99+2.2%$6.6B$6.2B−6.0%
2025-01-24$0.53$0.530.0%$7.6B$5.4B−28.9%
2024-10-23$0.98$1.03+5.1%$8.1B$7.6B−6.7%
2024-07-24$0.98$0.96−2.0%$7.3B$6.1B−16.6%
2024-04-23$0.78$0.91+16.7%$6.1B$5.7B−6.1%
2024-01-25$0.49$0.52+6.1%$5.7B$6.9B+20.7%
2023-10-24$0.86$0.94+9.3%$7.1B$7.2B+1.1%
2023-07-25$0.83$0.88+6.0%$6.2B$7.3B+17.9%
2023-04-25$0.72$0.84+16.7%$5.5B$6.7B+22.1%
2023-01-25$0.50$0.51+2.0%$6.3B$6.2B−2.2%
2022-10-28$0.80$0.85+6.2%$6.0B$6.7B+12.1%
2022-07-22$0.73$0.81+11.0%$5.4B$5.2B−3.1%
2022-04-21$0.69$0.74+7.2%$5.2B$2.9B−44.4%
2022-01-25$0.40$0.41+2.5%$5.1B$5.0B−0.3%
2021-10-20$0.72$0.75+4.2%$5.3B$4.4B−17.9%
2021-07-23$0.67$0.71+6.0%$5.4B$3.9B−27.8%
2021-04-21$0.59$0.67+13.6%$5.0B$3.7B−25.2%
2021-01-26$0.39$0.40+2.6%$5.6B$4.4B−21.1%
2020-10-21$0.65$0.67+3.1%$4.6B$4.8B+3.2%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.806-150.906-220.706-290.907-060.807-130.807-200.907-271.008-030.708-100.908-170.808-240.908-31
Week ofNotionalSharesTrades
2026-08-31$911.7M10,992,010166,212
2026-08-24$792.8M9,532,813155,863
2026-08-17$924.3M10,797,065155,261
2026-08-10$674.0M7,884,983129,466
2026-08-03$1.0B11,910,804162,410
2026-07-27$890.0M10,044,851159,953

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1564.3%
DateShort shareShort volumeTotal volume
2026-10-1564.3%3,351,3805,209,492
2026-10-1456.3%1,936,0763,439,916
2026-10-1356.7%1,752,3933,091,706
2026-10-1257.7%1,519,7622,635,334
2026-10-0951.3%1,336,7912,606,765
2026-10-0858.0%1,977,4383,407,741
2026-10-0754.7%2,182,6203,988,096
2026-10-0655.4%2,122,0583,830,921
2026-10-0562.4%2,204,3263,534,173
2026-10-0265.9%2,559,4973,886,290
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.8Jan-0.6Feb+3.3Mar-0.6Apr+4.8May-0.1Jun+2.7Jul+0.9Aug-1.9Sep+3.7Oct+2.0Nov+0.8Dec
MonthAvg returnUp yearsYears
Jan+1.8%67%12
Feb−0.6%42%12
Mar+3.3%67%12
Apr−0.6%55%11
May+4.8%82%11
Jun−0.1%58%12
Jul+2.7%58%12
Aug+0.9%75%12
Sep−1.9%50%12
Oct+3.7%83%12
Nov+2.0%67%12
Dec+0.8%58%12
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1455.4
MFI53.8
ADX34.1
Stochastic %K / %D87.4 / 84.5
Williams %R-8.2
CCI135
TSI / signal-14.1 / -28.6
Chaikin money flow-0.02
ATR$1.34
Bollinger width7.0%
Volume vs 20-day avg0.85x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$77.39 (+3.1%)
SMA 50$81.04 (−1.5%)
SMA 200$87.13 (−8.4%)
EMA 21$78.49 (+1.7%)
EMA 50$80.67 (−1.1%)
EMA 200$84.02 (−5.0%)
Bollinger upper$80.08 (−0.3%)
Bollinger lower$74.70 (+6.8%)
Parabolic SAR$76.64 (+4.1%)
Open the live chart, 110+ indicators

About NextEra Energy, Inc.

NextEra Energy, Inc., operating through its diverse subsidiaries, is a prominent electric power provider in North America. The company's operations encompass the generation, transmission, distribution, and sale of electricity to both individual consumers and large-scale wholesale clients. Its energy portfolio is broad, featuring power generation from wind, solar, nuclear, coal, and natural gas facilities. Beyond direct power supply, NextEra Energy is actively involved in developing, constructing, and managing long-term contracted clean energy infrastructure, including renewable energy generation sites, battery storage solutions, and electric transmission networks. The firm also participates in the sale of energy commodities and oversees the development, construction, and operation of generation assets within competitive wholesale energy markets. As of December 31, 2021, NextEra Energy boasted a net generating capacity of approximately 28,564 megawatts. Its extensive infrastructure included about 77,000 circuit miles of transmission and distribution lines and 696 substations. Within Florida, the company delivers electricity to roughly 11 million individuals, serving approximately 5.7 million customer accounts across the state's eastern and lower western coastal regions. Founded in 1925, the company adopted its current name, NextEra Energy, Inc., in 2010, having previously operated as FPL Group, Inc. Its corporate headquarters are located in Juno Beach, Florida.

https://www.nexteraenergy.com

Key executives

NameTitlePayBorn
John W. KetchumPresident, Chief Executive Officer & Chairman$7.2M1971
Charles E. SievingExecutive Vice President and Chief Legal, Environmental & Federal Regulatory Affairs Officer$3.7M1973
Brian W. BolsterPresident & Chief Executive Officer of NextEra Energy Resources$2.9M1973
Michael H. DunneCFO & Executive VP of Finance$2.1M1976
David FlechnerVice President of Compliance & Corporate Secretary——
Mark E. HicksonExecutive Vice President of Corporate Development & Strategy—1968
Michael DowlingHead of Investor Relations——
Nicole DaggsExecutive Vice President of Human Resources and Corporate Services—1975

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Lewis Hay, III Chairman and CEO of FPL Group and Chairman of FPL2009$1.3M$6.7M$1.7M$14.8M
James L. Robo President and COO of FPL Group2009$831,600$2.4M$798,336$5.0M
Moray P. Dewhurst Vice Chairman and Chief of Staff of FPL Group2009$204,162$3.7M$199,904$4.8M
Armando J. Olivera President and CEO of FPL2009$609,568$1.6M$482,169$4.6M
Armando Pimentel, Jr. Executive VP, Finance and CFO of FPL Group and Executive VP, Finance and CFO of FPL2009$556,500$993,994$518,102$2.6M

Employees

14k201815k201914k202015k202115k202217k202317k202417k2025

Dividends

Ex-dateAmountPaid
2026-08-28$0.62322026-09-15
2026-06-05$0.62322026-06-15
2026-02-27$0.62322026-03-16
2025-11-21$0.56652025-12-15
2025-08-28$0.56652025-09-15
2025-06-02$0.56652025-06-16
2025-02-28$0.56652025-03-17
2024-11-22$0.5152024-12-16

Moat model

Narrow · Intangible Assets · 2026-06-30
Cost advantage70
Intangibles73
Switching costs43
Network effect45
Efficient scale62
Our component scores (0-100) and overall 59.1; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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