NextEra Energy (NEE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Oct 21, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NEE SEC filings page.
NextEra Energy, Inc. (NEE) reported $28.0B in revenue over the twelve months to Sep 30, 2026, up 6.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
NextEra’s numbers describe an asset-heavy business whose expansion depends on rising debt, while cash generation remains above earnings but softened in FY2025.
Operating cash flow equaled182.7% of net income in FY2025, showing accounting earnings were backed by cash; however, it fell5.8% as revenue rose. That combination makes the latest growth less cash-accretive even though reported earnings remained cash-positive.
FY2025 assets grew
The current ratio was 0.6x in FY2025, so current liabilities still exceeded current assets; this is a tight short-term structure despite the year's improvement. Investing outflows were
Financial Health Signals
Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of NextEra Energy, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
NextEra Energy, Inc. has an operating margin of 30.2%, meaning the company retains $30 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is unchanged from the prior year.
NextEra Energy, Inc.'s revenue grew 10.7% year-over-year to $27.4B, a solid pace of expansion. This earns a growth score of 23/100.
NextEra Energy, Inc. has elevated debt relative to equity (D/E of 1.64), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 13/100, reflecting increased financial risk.
NextEra Energy, Inc.'s current ratio of 0.60 is below the typical benchmark, resulting in a score of 23/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Not available for NextEra Energy, Inc., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
NextEra Energy, Inc.'s ROE of 12.5% shows moderate profitability relative to equity, earning a score of 52/100. This is down from 13.9% the prior year.
NextEra Energy, Inc. scores 1.14, below the 1.81 distress threshold. The score is pulled down most by current liabilities exceeding current assets by $9.2B against total assets of $212.7B. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
NextEra Energy, Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
For every $1 of reported earnings, NextEra Energy, Inc. generates $1.83 in operating cash flow ($12.5B OCF vs $6.8B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
NextEra Energy, Inc. generated $8.1B in revenue in Q3 2026. This represents an increase of 1.7% from the same quarter a year earlier. Against the prior quarter it is up 20.9%.
NextEra Energy, Inc.'s EBITDA was $7.4B in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 60.2% from the same quarter a year earlier. Against the prior quarter it is up 38.0%.
NextEra Energy, Inc. reported $4.8B in net income in Q3 2026. This represents an increase of 95.9% from the same quarter a year earlier. Against the prior quarter it is up 51.9%.
NextEra Energy, Inc. earned $2.28 per diluted share (EPS) in Q3 2026. This represents an increase of 93.2% from the same quarter a year earlier. Against the prior quarter it is up 52.0%.
Cash & Balance Sheet
NextEra Energy, Inc. held $5.6B in cash against $97.1B in long-term debt as of Q3 2026.
NextEra Energy, Inc. paid $0.62 per share in dividends in Q3 2026. This represents an increase of 10.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q3 2026.
Margins & Returns
NextEra Energy, Inc.'s operating margin was 32.4% in Q3 2026, reflecting core business profitability. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.
NextEra Energy, Inc.'s net profit margin was 59.0% in Q3 2026, showing the share of revenue converted to profit. This is up 28.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.0 percentage points.
NextEra Energy, Inc.'s quarterly ROE was 7.8% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 3.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.3 percentage points.
Not reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
NEE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.1B+1.7% | $6.7B0.0% | $6.7B+7.3% | $6.5B+20.7% | $8.0B+5.3% | $6.7B+10.4% | $6.2B+9.0% | $5.4B-21.7% |
| Operating Income | $2.6B+3.8% | $2.2B+17.1% | $2.2B-2.1% | $1.6B+68.7% | $2.5B-11.5% | $1.9B+14.4% | $2.3B+12.1% | $940.0M-64.7% |
| EBITDA | $7.4B+60.2% | $5.4B+45.7% | $3.6B+6.8% | $3.2B+30.5% | $4.6B+2.8% | $3.7B+19.6% | $3.4B+15.1% | $2.5B-42.5% |
| Income Tax | $662.0Mn/m | -$84.0Mn/m | -$489.0Mn/m | $225.0M+31.6% | -$250.0M-5100.0% | -$256.0Mn/m | -$521.0M-329.5% | $171.0M+1.2% |
| Net Income | $4.8B+95.9% | $3.1B+55.0% | $2.2B+161.9% | $1.5B+27.6% | $2.4B+31.6% | $2.0B+25.0% | $833.0M-63.3% | $1.2B-0.5% |
| EPS (Basic) | $2.29+94.1% | $1.51+52.5% | $1.05+156.1% | $0.74+27.6% | $1.18+31.1% | $0.99+25.3% | $0.41-63.1% | $0.58-1.7% |
| EPS (Diluted) | $2.28+93.2% | $1.50+53.1% | $1.04+160.0% | $0.73+25.9% | $1.18+31.1% | $0.98+24.1% | $0.40-63.6% | $0.580.0% |
| Diluted Shares (Avg) | 2.10B+1.3% | 2.09B+1.6% | 2.09B+1.5% | N/A | 2.07B+0.4% | 2.06B+0.2% | 2.06B+0.3% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Interest Expense.
NEE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $245.1B+19.9% | $232.8B+17.1% | $221.4B+14.0% | $212.7B+11.9% | $204.4B+9.9% | $198.8B+7.6% | $194.3B+8.0% | $190.1B+7.1% |
| Current Assets | $18.6B+46.7% | $15.5B+23.8% | $13.9B+9.6% | $13.6B+13.7% | $12.7B+4.0% | $12.5B-2.4% | $12.6B-0.3% | $12.0B-22.2% |
| Cash & Equivalents | $5.6B+133.3% | $2.9B+65.9% | $2.0B-17.4% | $2.8B+89.1% | $2.4B+5.7% | $1.7B+11.4% | $2.4B+47.3% | $1.5B-44.7% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $2.8B+16.9% | $2.6B+18.5% | $2.6B+10.8% | $2.4B+9.3% | $2.4B+7.4% | $2.2B+2.4% | $2.3B+9.2% | $2.2B+5.1% |
| Accounts Receivable | $4.8B+22.8% | $4.7B+21.6% | $4.1B+31.0% | $4.0B+20.4% | $3.9B+10.9% | $3.9B+7.5% | $3.2B+1.1% | $3.3B-7.6% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $5.2B+6.2% | $5.2B+5.9% | $5.2B+5.8% | $4.8B-0.3% | $4.8B-1.4% | $4.9B-4.3% | $4.9B-4.3% | $4.9B-4.4% |
| Total Liabilities | $170.7B+22.1% | $164.6B+19.4% | $154.8B+15.6% | $146.2B+13.1% | $139.8B+10.5% | $137.9B+10.1% | $133.9B+11.1% | $129.3B+9.1% |
| Current Liabilities | $35.1B+53.4% | $29.0B+25.7% | $25.6B+11.9% | $22.8B-10.0% | $22.9B-22.7% | $23.0B-12.1% | $22.9B-7.8% | $25.4B-9.3% |
| Non-Current Liabilities | $135.6B+16.0% | $135.7B+18.1% | $129.2B+16.4% | $123.4B+18.8% | $116.8B+20.7% | $114.9B+15.9% | $111.0B+16.0% | $103.9B+14.8% |
| Long-Term Debt | $97.1B+15.4% | $98.8B+19.5% | $93.9B+17.7% | $89.6B+23.7% | $84.2B+27.3% | $82.7B+20.7% | $79.8B+21.2% | $72.4B+17.9% |
| Total Equity | $61.5B+13.5% | $57.1B+12.5% | $55.2B+10.9% | $54.6B+9.0% | $54.2B+8.3% | $50.8B+3.4% | $49.8B+2.4% | $50.1B+5.5% |
| Retained Earnings | $41.3B+18.9% | $37.8B+13.0% | $36.0B+10.3% | $35.1B+6.5% | $34.7B+5.9% | $33.5B+4.6% | $32.6B+3.7% | $32.9B+9.0% |
NEE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.0B+25.3% | $4.7B+46.2% | $2.6B-5.6% | $2.5B+26.1% | $4.0B-5.6% | $3.2B-18.9% | $2.8B-10.0% | $2.0B-31.2% |
| Depreciation & Amortization | $4.8B+128.1% | $3.1B+76.4% | $1.4B+25.2% | $1.6B+6.8% | $2.1B+27.6% | $1.8B+25.8% | $1.1B+21.9% | $1.5B-5.8% |
| Investing Cash Flow | -$7.9Bn/m | -$8.3Bn/m | -$10.8Bn/m | -$5.2Bn/m | -$5.1Bn/m | -$5.8Bn/m | -$7.7Bn/m | -$3.9Bn/m |
| Financing Cash Flow | $5.5B+200.9% | $4.4B+112.8% | $7.7B+25.8% | $3.0B+305.3% | $1.8B+295.6% | $2.1B+169.9% | $6.1B+21.1% | $741.0M-69.7% |
| Dividends Paid | $1.3B+12.1% | $1.3B+11.4% | $1.3B+11.5% | $1.2B+11.5% | $1.2B+10.0% | $1.2B+10.3% | $1.2B+10.2% | $1.1B+10.4% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Share Buybacks.
NEE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 32.4%+0.7pp | 33.4%+4.9pp | 33.0%-3.2pp | 24.4%+7.0pp | 31.7%-6.0pp | 28.5%+1.0pp | 36.1%+1.0pp | 17.4%-21.2pp |
| Net Margin | 59.0%+28.3pp | 46.9%+16.7pp | 32.6%+19.2pp | 23.6%+1.3pp | 30.6%+6.1pp | 30.3%+3.5pp | 13.3%-26.2pp | 22.4%+4.8pp |
| Return on Equity | 7.8%+3.3pp | 5.5%+1.5pp | 4.0%+2.3pp | 2.8%+0.4pp | 4.5%+0.8pp | 4.0%+0.7pp | 1.7%-3.0pp | 2.4%-0.1pp |
| Return on Assets | 1.9%+0.8pp | 1.4%+0.3pp | 1.0%+0.6pp | 0.7%+0.1pp | 1.2%+0.2pp | 1.0%+0.1pp | 0.4%-0.8pp | 0.6%0.0pp |
| Current Ratio | 0.530.0x | 0.530.0x | 0.540.0x | 0.60+0.1x | 0.55+0.1x | 0.54+0.1x | 0.550.0x | 0.47-0.1x |
| Debt-to-Equity | 1.580.0x | 1.73+0.1x | 1.70+0.1x | 1.64+0.2x | 1.55+0.2x | 1.63+0.2x | 1.60+0.2x | 1.44+0.2x |
| Liabilities-to-Equity | 2.78+0.2x | 2.88+0.2x | 2.80+0.1x | 2.68+0.1x | 2.58+0.1x | 2.71+0.2x | 2.69+0.2x | 2.58+0.1x |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.040.0x | 0.030.0x | 0.030.0x | 0.030.0x |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.60), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. NEE | FY2025 | $27.4B | $6.8B | 24.9% | $172.3B | 37/100 |
| The Southern Company SO | FY2025 | $29.6B | $4.3B | 14.7% | $105.3B | 55/100 |
| Duke Energy Corporation DUK | FY2025 | $32.2B | $5.0B | 15.4% | $96.3B | 52/100 |
| National Grid PLC NGG | FY2025 | $23.7B | $3.7B | 15.8% | $82.7B | 53/100 |
| American Electric Power Company, Inc. AEP | FY2025 | $21.9B | $3.6B | 16.4% | $69.8B | 56/100 |
| Dominion Energy, Inc D | FY2025 | $16.5B | $3.0B | 18.2% | $56.5B | 45/100 |
Where NextEra Energy, Inc. Ranks
Frequently Asked Questions
What is NextEra Energy, Inc.'s annual revenue?
NextEra Energy, Inc. (NEE) reported $27.4B in total revenue for fiscal year 2025. This represents a 10.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is NextEra Energy, Inc.'s revenue growing?
NextEra Energy, Inc. (NEE) revenue grew by 10.7% year-over-year, from $24.8B to $27.4B in fiscal year 2025.
Is NextEra Energy, Inc. profitable?
Yes, NextEra Energy, Inc. (NEE) reported a net income of $11.6B over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $6.8B, with a net profit margin of 24.9%.
What is NextEra Energy, Inc.'s EBITDA?
NextEra Energy, Inc. (NEE) had EBITDA of $14.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does NextEra Energy, Inc. have?
As of fiscal year 2025, NextEra Energy, Inc. (NEE) had $2.8B in cash and equivalents against $89.6B in long-term debt.
What is NextEra Energy, Inc.'s operating margin?
NextEra Energy, Inc. (NEE) had an operating margin of 30.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is NextEra Energy, Inc.'s net profit margin?
NextEra Energy, Inc. (NEE) had a net profit margin of 24.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does NextEra Energy, Inc. pay dividends?
Yes, NextEra Energy, Inc. (NEE) paid $2.27 per share in dividends during fiscal year 2025.
What is NextEra Energy, Inc.'s return on equity (ROE)?
NextEra Energy, Inc. (NEE) has a return on equity of 12.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is NextEra Energy, Inc.'s operating cash flow?
NextEra Energy, Inc. (NEE) generated $12.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are NextEra Energy, Inc.'s total assets?
NextEra Energy, Inc. (NEE) had $212.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What is NextEra Energy, Inc.'s current ratio?
NextEra Energy, Inc. (NEE) had a current ratio of 0.60 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is NextEra Energy, Inc.'s debt-to-equity ratio?
NextEra Energy, Inc. (NEE) had a debt-to-equity ratio of 1.64 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is NextEra Energy, Inc.'s liabilities-to-equity ratio?
NextEra Energy, Inc. (NEE) had a liabilities-to-equity ratio of 2.68 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is NextEra Energy, Inc.'s return on assets (ROA)?
NextEra Energy, Inc. (NEE) had a return on assets of 3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is NextEra Energy, Inc.'s P/E ratio?
NextEra Energy, Inc. (NEE) trades at 14.8x earnings, its market capitalization divided by $11.6B net income, trailing 12 months to September 30, 2026. The market capitalization is $172.3B as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is NextEra Energy, Inc.'s price-to-sales ratio?
NextEra Energy, Inc. (NEE) trades at 6.2x sales, its market capitalization divided by $28.0B revenue, trailing 12 months to September 30, 2026. The market capitalization is $172.3B as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is NextEra Energy, Inc.'s Altman Z-Score?
NextEra Energy, Inc. (NEE) has an Altman Z-Score of 1.14, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is NextEra Energy, Inc.'s Piotroski F-Score?
NextEra Energy, Inc. (NEE) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NextEra Energy, Inc.'s earnings high quality?
NextEra Energy, Inc. (NEE) has an earnings quality ratio of 1.83x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is NextEra Energy, Inc.?
NextEra Energy, Inc. (NEE) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its utilities peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For NextEra Energy, Inc. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.