NYSE : NEE.PRS
NextEra Energy, Inc. — Financial statements
United States
Last price 51.16 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 172.27B
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Financial statements
NextEra Energy, Inc. (NEE.PRS) reported revenue of 28.82B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 28.82B | 27.41B | 24.75B | 28.11B | 20.96B | 17.07B |
| Fuel & Purchased Power | 5.58B | 4.94B | 5.03B | 5.46B | 6.39B | 4.53B |
| Operations & Maintenance | 5.91B | 5.40B | 4.86B | 4.68B | 4.43B | 3.98B |
| Depreciation & Amortization | 6.40B | 6.58B | 5.46B | 5.88B | 4.39B | 3.92B |
| Other Operating Expenses | 2.29B | 2.20B | 2.02B | 2.02B | 1.82B | 1.54B |
| Total Operating Expenses | 20.17B | 19.12B | 17.36B | 18.04B | 17.03B | 13.98B |
| Operating Income | 8.65B | 8.29B | 7.39B | 10.08B | 3.93B | 3.09B |
| Interest Expense | -585.00M | -4.57B | -2.23B | -3.32B | -585.00M | -1.27B |
| Net Interest Expense | -585.00M | -4.57B | -2.23B | -3.32B | -585.00M | -1.27B |
| Income (Loss) on Equity Investments | 878.00M | -184.00M | -246.00M | -648.00M | 203.00M | 666.00M |
| Allowance for Equity Funds for Construction | 227.00M | 181.00M | 198.00M | 161.00M | 112.00M | 142.00M |
| Other Non-Operating Income (Expenses) | 399.00M | 272.00M | 336.00M | 333.00M | 200.00M | 130.00M |
| EBT Excluding Unusual Items | 9.57B | 3.98B | 5.44B | 6.60B | 3.86B | 2.76B |
| Restructuring Charges | -75.00M | -27.00M | -52.00M | |||
| Total Merger & Restructuring Charges | -51.00M | |||||
| Gain (Loss) on Sale of Investments | 279.00M | 286.00M | 270.00M | 284.00M | -381.00M | 337.00M |
| Gain (Loss) on Sale of Assets | 357.00M | 260.00M | 352.00M | 405.00M | 522.00M | 77.00M |
| Asset Writedown | -114.00M | |||||
| Pretax Income | 10.08B | 4.53B | 6.04B | 7.29B | 3.83B | 3.17B |
| Income Tax Expense | 314.00M | -802.00M | 339.00M | 1.01B | 586.00M | 348.00M |
| Earnings From Continuing Ops. | 9.77B | 5.33B | 5.70B | 6.28B | 3.25B | 2.83B |
| Minority Interest in Earnings | 1.87B | 1.50B | 1.25B | 1.03B | 901.00M | 746.00M |
| Net Income | 11.64B | 6.83B | 6.95B | 7.31B | 4.15B | 3.57B |
| Net Income to Common | 11.64B | 6.83B | 6.95B | 7.31B | 4.15B | 3.57B |
| Shares Outstanding (Basic) | 2.08B | 2.06B | 2.05B | 2.03B | 1.97B | 1.96B |
| Shares Outstanding (Diluted) | 2.09B | 2.07B | 2.06B | 2.03B | 1.98B | 1.97B |
| EPS (Basic) | 5.58 | 3.31 | 3.38 | 3.61 | 2.10 | 1.82 |
| EPS (Diluted) | 5.55 | 3.30 | 3.37 | 3.60 | 2.10 | 1.81 |
| Free Cash Flow | -18.01B | -12.12B | -11.47B | -13.81B | -11.02B | -8.52B |
| Free Cash Flow Per Share | -8.61 | -5.85 | -5.57 | -6.80 | -5.57 | -4.32 |
| Dividend Per Share | 2.44 | 2.27 | 2.06 | 1.87 | 1.70 | 1.54 |
| Profit Margin | 40.37% | 24.93% | 28.06% | 26.00% | 19.79% | 20.93% |
| Free Cash Flow Margin | -62.48% | -44.22% | -46.33% | -49.13% | -52.59% | -49.94% |
| EBITDA | 13.40B | 14.14B | 13.15B | 16.23B | 8.72B | 7.31B |
| EBITDA Margin | 46.49% | 51.58% | 53.12% | 57.72% | 41.60% | 42.81% |
| D&A For EBITDA | 4.75B | 5.85B | 5.76B | 6.15B | 4.79B | 4.21B |
| EBIT | 8.65B | 8.29B | 7.39B | 10.08B | 3.93B | 3.09B |
| EBIT Margin | 30.03% | 30.23% | 29.85% | 35.84% | 18.74% | 18.12% |
| Effective Tax Rate | 3.11% | 5.62% | 13.80% | 15.29% | 10.96% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.58B | 2.81B | 1.49B | 2.69B | 1.60B | 639.00M |
| Accounts Receivable | 4.84B | 4.02B | 3.34B | 5.10B | 4.67B | 3.38B |
| Other Receivables | 1.81B | 2.07B | 1.58B | 1.51B | 769.00M | 730.00M |
| Inventory | 2.84B | 2.42B | 2.21B | 2.11B | 1.93B | 1.56B |
| Restricted Cash | 283.00M | 194.00M | 159.00M | 730.00M | 677.00M | |
| Other Current Assets | 3.24B | 2.07B | 3.18B | 3.23B | 4.52B | 2.30B |
| Total Current Assets | 18.59B | 13.58B | 11.95B | 15.36B | 13.49B | 9.29B |
| Property, Plant & Equipment | 177.08B | 157.75B | 140.05B | 126.61B | 111.82B | 100.10B |
| Regulatory Assets | 7.23B | 5.64B | 4.83B | 4.80B | 5.99B | 4.58B |
| Goodwill | 5.15B | 4.85B | 4.87B | 5.09B | 4.85B | 4.84B |
| Other Intangible Assets | 1.77B | 1.72B | 1.69B | 759.00M | 742.00M | |
| Long-Term Investments | 20.56B | 19.00B | 18.01B | 16.47B | 15.13B | 15.44B |
| Long-Term Deferred Tax Assets | 245.00M | 221.00M | 226.00M | 219.00M | 196.00M | |
| Long-Term Deferred Charges | 1.90B | 1.60B | 1.50B | 1.00B | 831.00M | |
| Other Long-Term Assets | 16.44B | 7.99B | 6.90B | 5.74B | 5.67B | 4.89B |
| Total Assets | 245.05B | 212.72B | 190.14B | 177.49B | 158.94B | 140.91B |
| Accounts Payable | 7.54B | 7.58B | 6.98B | 8.50B | 8.31B | 6.93B |
| Accrued Expenses | 2.15B | 1.19B | 1.02B | 970.00M | 719.00M | 525.00M |
| Short-Term Debt | 7.97B | 2.56B | 1.89B | 4.91B | 3.08B | 2.08B |
| Current Portion of Long-Term Debt | 8.83B | 3.50B | 8.06B | 6.90B | 6.63B | 1.78B |
| Current Unearned Revenue | 320.00M | 224.00M | 330.00M | 590.00M | 274.00M | |
| Other Current Liabilities | 8.64B | 7.67B | 7.18B | 6.35B | 7.36B | 5.84B |
| Total Current Liabilities | 35.14B | 22.82B | 25.36B | 27.96B | 26.70B | 17.44B |
| Long-Term Debt | 97.12B | 89.56B | 72.39B | 61.41B | 55.26B | 50.96B |
| Long-Term Leases | 1.60B | 1.23B | 856.00M | 775.00M | 200.00M | |
| Long-Term Deferred Tax Liabilities | 14.30B | 15.71B | 15.34B | 14.03B | 13.30B | 12.87B |
| Other Long-Term Liabilities | 24.14B | 16.56B | 14.97B | 14.21B | 13.47B | 13.78B |
| Total Liabilities | 170.71B | 146.24B | 129.28B | 118.47B | 109.50B | 95.24B |
| Common Stock | 21.00M | 21.00M | 21.00M | 21.00M | 20.00M | 20.00M |
| Additional Paid-In Capital | 20.29B | 19.49B | 17.26B | 17.36B | 12.72B | 11.27B |
| Retained Earnings | 41.30B | 35.10B | 32.95B | 30.23B | 26.71B | 25.91B |
| Comprehensive Income & Other | -113.00M | -9.00M | -126.00M | -153.00M | -218.00M | |
| Total Common Equity | 61.50B | 54.61B | 50.10B | 47.47B | 39.23B | 37.20B |
| Minority Interest | 12.84B | 11.87B | 10.76B | 11.56B | 10.21B | 8.47B |
| Shareholders' Equity | 74.34B | 66.48B | 60.86B | 59.02B | 49.44B | 45.67B |
| Total Liabilities & Equity | 245.05B | 212.72B | 190.14B | 177.49B | 158.94B | 140.91B |
| Total Debt | 113.93B | 97.22B | 83.56B | 74.07B | 65.74B | 55.03B |
| Net Cash (Debt) | -108.35B | -94.41B | -82.07B | -71.38B | -64.14B | -54.39B |
| Net Cash Per Share | -51.76 | -45.59 | -39.86 | -35.15 | -32.42 | -27.58 |
| Filing Date Shares Outstanding | 2.10B | 2.08B | 2.06B | 2.05B | 1.99B | 1.96B |
| Total Common Shares Outstanding | 2.10B | 2.08B | 2.06B | 2.05B | 1.99B | 1.96B |
| Working Capital | -16.55B | -9.23B | -13.40B | -12.60B | -13.21B | -8.15B |
| Book Value Per Share | 29.32 | 26.22 | 24.36 | 23.13 | 19.74 | 18.95 |
| Tangible Book Value | 56.35B | 47.99B | 43.52B | 40.69B | 33.62B | 31.62B |
| Tangible Book Value Per Share | 26.87 | 23.04 | 21.16 | 19.83 | 16.92 | 16.11 |
| Machinery | 183.75B | 170.13B | 151.68B | 139.05B | 124.96B | 112.50B |
| Construction In Progress | 34.74B | 24.56B | 21.66B | 18.65B | 15.68B | 14.14B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 11.64B | 6.83B | 6.95B | 7.31B | 4.15B | 3.57B |
| Depreciation & Amortization | 4.75B | 5.85B | 5.76B | 6.15B | 4.79B | 4.21B |
| Loss (Gain) on Sale of Assets | -295.00M | -198.00M | -327.00M | -405.00M | -522.00M | -76.00M |
| Loss (Gain) on Sale of Investments | -326.00M | -348.00M | -295.00M | -284.00M | 381.00M | -337.00M |
| Loss (Gain) on Equity Investments | -419.00M | 630.00M | 1.06B | 1.36B | 338.00M | -140.00M |
| Change in Other Net Operating Assets | 500.00M | -373.00M | 160.00M | -1.39B | 412.00M | -486.00M |
| Other Operating Activities | -1.02B | 88.00M | -42.00M | -1.44B | -1.28B | 805.00M |
| Operating Cash Flow | 14.82B | 12.48B | 13.26B | 11.30B | 8.26B | 7.55B |
| Capital Expenditures | -32.25B | -24.05B | -24.33B | -24.93B | -19.06B | -15.80B |
| Sale of Property, Plant & Equipment | 781.00M | 1.11B | 2.66B | 1.88B | 1.56B | 2.76B |
| Divestitures | 924.00M | |||||
| Nuclear Fuel Expenditures | -583.00M | -553.00M | -399.00M | -185.00M | -223.00M | -275.00M |
| Contributions to Nuclear Demissioning Trust | -6.11B | -5.89B | -5.62B | -5.93B | -4.59B | -5.31B |
| Other Investing Activities | 5.96B | 5.52B | 5.43B | 4.76B | 3.95B | 5.04B |
| Investing Cash Flow | -32.20B | -23.86B | -22.26B | -23.47B | -18.36B | -13.59B |
| Short-Term Debt Issued | 2.84B | 6.58B | 4.92B | 2.08B | ||
| Long-Term Debt Issued | 23.39B | 24.77B | 13.86B | 13.86B | 16.68B | |
| Total Debt Issued | 30.74B | 26.24B | 31.34B | 18.78B | 15.94B | 16.68B |
| Short-Term Debt Repaid | -2.17B | -9.59B | -2.61B | -1.12B | -426.00M | |
| Long-Term Debt Repaid | -10.35B | -10.11B | -7.98B | -4.53B | -9.59B | |
| Total Debt Repaid | -9.46B | -12.51B | -19.71B | -10.59B | -5.65B | -10.02B |
| Net Debt Issued (Repaid) | 21.28B | 13.72B | 11.64B | 8.19B | 10.29B | 6.66B |
| Issuance of Common Stock | 979.00M | 2.04B | 48.00M | 4.51B | 1.51B | 14.00M |
| Common Dividends Paid | -5.09B | -4.68B | -4.24B | -3.78B | -3.35B | -3.02B |
| Other Financing Activities | 3.35B | 1.90B | -451.00M | 3.23B | 3.78B | 2.15B |
| Financing Cash Flow | 20.52B | 12.98B | 7.00B | 12.15B | 12.23B | 5.81B |
| Foreign Exchange Rate Adjustments | 5.00M | -14.00M | -4.00M | -7.00M | 1.00M | |
| Net Cash Flow | 3.15B | 1.60B | -2.02B | -21.00M | 2.12B | -230.00M |
| Free Cash Flow | -18.01B | -12.12B | -11.47B | -13.81B | -11.02B | -8.52B |
| Free Cash Flow Margin | -62.48% | -44.22% | -46.33% | -49.13% | -52.59% | -49.94% |
| Free Cash Flow Per Share | -8.61 | -5.85 | -5.57 | -6.80 | -5.57 | -4.32 |
| Levered Free Cash Flow | -21.21B | -15.21B | -14.15B | -16.21B | -12.09B | -8.82B |
| Unlevered Free Cash Flow | -20.85B | -12.35B | -12.75B | -14.13B | -11.72B | -8.02B |
| Cash Interest Paid | 4.01B | 3.50B | 2.74B | 2.46B | 1.38B | 1.32B |
| Cash Income Tax Paid | -1.27B | -760.00M | 321.00M | -32.00M | -69.00M | |
| Change in Working Capital | 500.00M | -373.00M | 160.00M | -1.39B | 412.00M | -486.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 175.57B | 167.19B | 147.42B | 124.62B | 166.13B | 183.19B |
| Enterprise Value | 296.76B | 268.34B | 237.41B | 205.85B | 236.56B | 245.91B |
| PE Ratio | 9.29 | 24.46 | 21.22 | 17.05 | 40.06 | 51.27 |
| PS Ratio | 6.09 | 6.10 | 5.96 | 4.43 | 7.93 | 10.73 |
| PB Ratio | 2.36 | 2.52 | 2.42 | 2.11 | 3.36 | 4.01 |
| P/OCF Ratio | 11.85 | 13.39 | 11.12 | 11.03 | 20.11 | 24.25 |
| EV/Sales Ratio | 10.30 | 9.79 | 9.59 | 7.32 | 11.29 | 14.41 |
| EV/EBITDA Ratio | 22.14 | 18.98 | 18.05 | 12.69 | 27.14 | 33.65 |
| EV/EBIT Ratio | 34.29 | 32.38 | 32.13 | 20.43 | 60.24 | 79.51 |
| Debt / Equity Ratio | 1.53 | 1.46 | 1.37 | 1.25 | 1.33 | 1.21 |
| Debt / EBITDA Ratio | 8.50 | 6.88 | 6.35 | 4.54 | 7.48 | 7.53 |
| Net Debt / Equity Ratio | 1.46 | 1.42 | 1.35 | 1.21 | 1.30 | 1.19 |
| Net Debt / EBITDA Ratio | 8.09 | 6.68 | 6.24 | 4.40 | 7.36 | 7.44 |
| Net Debt / FCF Ratio | -6.02 | -7.79 | -7.16 | -5.17 | -5.82 | -6.38 |
| Quick Ratio | 0.35 | 0.39 | 0.25 | 0.33 | 0.26 | 0.27 |
| Current Ratio | 0.53 | 0.59 | 0.47 | 0.55 | 0.51 | 0.53 |
| Asset Turnover | 0.13 | 0.14 | 0.14 | 0.17 | 0.14 | 0.13 |
| Return on Equity (ROE) | 14.06% | 8.37% | 9.51% | 11.58% | 6.83% | 6.24% |
| Return on Assets (ROA) | 2.41% | 2.57% | 2.51% | 3.74% | 1.64% | 1.44% |
| Return on Capital Employed (ROCE) | 4.10% | 4.40% | 4.50% | 6.70% | 3.00% | 2.50% |
| Earnings Yield | 10.77% | 4.09% | 4.71% | 5.87% | 2.50% | 1.95% |
| FCF Yield | -10.26% | -7.25% | -7.78% | -11.08% | -6.63% | -4.65% |
| Dividend Yield | 7.08% | 2.82% | 2.87% | 3.08% | 2.03% | 1.65% |
| Payout Ratio | 65.73% | 68.47% | 60.97% | 51.74% | 80.83% | 84.64% |
| Buyback Yield / Dilution | -1.43% | -0.55% | -1.40% | -2.64% | -0.33% | -0.17% |
| Total Shareholder Return | 5.65% | 2.27% | 1.48% | 0.44% | 1.71% | 1.48% |