Also trades as: NEE-PQ (NYSE) · $vol 44M · NEE-PR (NYSE) · $vol 5M · NEE-PN (NYSE) · $vol 2M · 0K80.L (LSE) · $vol 1M · NEE.TO (TSX) · $vol 0M
NEE NYSE
NextEra Energy, Inc.
1W: +4.9%
1M: +7.8%
3M: -8.1%
YTD: +2.0%
1Y: -0.8%
3Y: +67.5%
5Y: +13.4%
$82.42
+0.38 (+0.46%)
After Hours: $82.30 (-0.12, -0.15%)
Weekly Expected Move ±3.1%
$77
$80
$82
$85
$87
Credit Risk of going bust: lower than 74% of companies Debt: 39.8% of company value Bonds: $2.03B held by 965 funds, 71 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.62 (down 97%), NextEra Energy, Inc. would be worth roughly what it owes.
Total debt $113.93B against a stock market value of $172.06B.
Distance to default 8.41 (Merton model): prices to 2026-10-26, balance sheet 2026-09-30, debt counted $65.37B (short-term plus half of long-term), stock volatility 21.2%; Altman Z'' 0.77. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $2.62 (down 97%), NextEra Energy, Inc. would be worth roughly what it owes.
Total debt $113.93B against a stock market value of $172.06B.
Distance to default 8.41 (Merton model): prices to 2026-10-26, balance sheet 2026-09-30, debt counted $65.37B (short-term plus half of long-term), stock volatility 21.2%; Altman Z'' 0.77. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Income Statement
Cash Flow
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Cash Flow Trends
Operating Cash Flow
$12.5B
-5.8% ▼
5Y CAGR: +9.4%
Capital Expenditures
$9.3B
-8.9% ▼
5Y CAGR: +3.6%
Free Cash Flow
$3.2B
-32.3% ▼
5Y CAGR: +70.3%
Dividends Paid
$4.7B
-10.5% ▼
Buybacks
$0
+0.0% ▲
Net Change in Cash
$1.4B
+170.1% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $3.6B | $3.2B | $6.3B | $5.7B | $5.3B |
| Depreciation & Amort. | $4.2B | $4.8B | $6.2B | $5.8B | $6.9B |
| Stock-Based Comp. | $0 | $142M | $0 | $0 | $0 |
| Change in Working Capital | -$523M | $412M | -$1.4B | $160M | -$373M |
| Other Non-Cash Items | -$182M | -$862M | -$447M | $333M | $132M |
| Operating Cash Flow | $7.6B | $8.3B | $11.3B | $13.3B | $12.5B |
| — Investing Activities — | |||||
| Capital Expenditures | -$7.8B | -$9.7B | $0 | $0 | -$24.6B |
| Acquisitions (Net) | -$7.6B | $0 | $924M | $0 | $0 |
| Investment Purchases | -$13.6B | -$14.1B | -$21.5B | -$5.6B | -$5.9B |
| Investment Sales | $7.8B | $5.4B | $6.8B | $8.1B | $6.5B |
| Other Investing | $7.6B | $89M | -$9.7B | -$24.7B | $118M |
| Investing Cash Flow | -$13.6B | -$18.4B | -$23.5B | -$22.3B | -$23.9B |
| — Financing Activities — | |||||
| Net Debt Issuance | $6.7B | $10.3B | $8.2B | $11.6B | $13.7B |
| Stock Repurchased | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$3.0B | -$3.4B | -$3.8B | -$4.2B | -$4.7B |
| Other Financing | $2.2B | $3.8B | $3.2B | -$451M | $1.9B |
| Financing Cash Flow | $5.8B | $12.2B | $12.1B | $7.0B | $13.0B |
| Net Change in Cash | -$230M | $2.1B | -$21M | -$2.0B | $1.4B |
| Cash End of Period | $1.3B | $3.4B | $3.4B | $1.4B | $3.0B |
| Free Cash Flow | -$277M | -$1.5B | $1.8B | $4.7B | $3.2B |