|NEE Overview
NEE

NEXTERA ENERGY INC

Utilities • CIK: 0000753308

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Market Cap
$155.34B
P/E (TTM)
23.9x
Rev Growth (TTM)
+5.9%
Net Margin (TTM)
25.9%
FCF Yield (TTM)
7.7%
FCF Margin (TTM)
47.7%

LATEST EARNINGS

Q4 FY2025
17 days ago
View source
Revenue
Net Income
EPS
  • Full-year 2025 adjusted earnings per share grew approximately 8.2% year-over-year to $3.71, exceeding the company's communicated range.
  • FPL's regulatory capital employed increased by approximately 8.1% year-over-year, supported by $8.9 billion in full-year capital investments.
  • NextEra Energy Resources achieved a record year for origination, adding approximately 13.5 gigawatts of new generation and battery storage projects to its backlog.
  • FPL's typical residential customer bills are expected to increase only about 2% annually between 2025 and 2029, remaining below the national average.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$12.0B
Q3 '25
$4.0B+26%
Q2 '25
$3.2B+15%
FCF Margin
TTM47.7%
Q3 '2554.4%+9%
Sector: 3.7%Top 10%
OCF Margin47.7%
OCF/NI1.84x
CapEx Coverage
FCF Yield7.7%
FCF Growth (2Y)+12%
Cash Conversion Cycle
51 days
DSO: 51+DIO: DPO:

Capital Allocation & Returns

Balanced
Total Shareholder YieldEst.
Est.2.9%
Div Yield2.9%
+
Est. Buyback2.9%

Balancing returns with reinvestment

Dividend & Payout Metrics
Dividend Yield (TTM)2.9%
FCF Payout Ratio38.1%
Free Cash Flow (TTM)$12.0B
Capital Return / FCF38.1%
Est. Dividends Paid (TTM)$4.6B
Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
6.8%
Volatile
-0.1% YoY+0.3%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
36.5%
8Q: 34.4%
Asset Turnover
0.13x
8Q: 0.13x
Leverage (1+D/E)
2.70x
D/E: 1.70x
DuPont: 12.7%6.8% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
0.18x
8Q:0.18x
Flat
Invested Cap Turn
0.18x
8Q:0.19x
Flat
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Revenue
$25.1B
$7.4B15.6%
$6.4B6.7%
$6.0B13.2%
$5.3B20.9%
$6.7B11.7%
$6.0B11.1%
$5.4B3.6%
$5.6B
Operating Income
$7.6B
$2.5B32.2%
$1.9B15.3%
$2.3B139.7%
$941.0M67.1%
$2.9B71.0%
$1.7B17.0%
$2.0B24.3%
$2.7B
Net Income
$6.5B
$2.4B20.2%
$2.0B143.5%
$833.0M30.8%
$1.2B35.0%
$1.9B14.2%
$1.6B28.5%
$2.3B87.4%
$1.2B
Operating Cash Flow
$12.0B
$4.0B26.3%
$3.2B15.2%
$2.8B39.8%
$2.0B53.6%
$4.3B8.5%
$3.9B27.8%
$3.1B6.9%
$2.9B
Free Cash Flow
$12.0B
$4.0B26.3%
$3.2B15.2%
$2.8B39.8%
$2.0B53.6%
$4.3B8.5%
$3.9B27.8%
$3.1B6.9%
$2.9B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
23.9x
High PEG ratio (4.0x) suggests expensive for growth
Valuation Lenses
Earnings
23.9x
vs sector
Cash Flow
19.7x
EV/FCF vs
Growth-Adj
4.0xPEG
Expensive for growth
Quality-Adj
3.5P/E per %ROIC
ROIC: 6.8%
Shareholder Returns
Dividend
2.9%
Buyback
Total Yield
2.9%
Market Cap$155.34B
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
50/100
Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg
12.8%
8Q:
Return on Invested Capital (ROIC)Top 25%
6.8%
8Q:
Flat
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 36.5%
Asset Turnover: 0.13x

Earnings Quality

Cash Conversion

1.84x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin100.0%

Capital Efficiency

Invested Capital Turnover0.18x

Working Capital

Cash Conversion Cycle51 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
62/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
5.9%
OpInc Growth YoY
-11.5%
EPS Growth YoY
-6.8%
FCF 3Y CAGR
11.7%

Growth Quality Analysis

Efficient Growth: Free cash flow growing faster than revenue

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
100.0%
Operating
30.4%
Above Avg in sector
Net
25.9%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+21.8 pts
FCF: 47.7% | Net: 25.9%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Leveraged
Net Debt / EBITDA
Net Debt: $89.31B
Interest Coverage
Leverage Metrics
Debt-to-Equity
1.70x
Balance sheet risk & solvency analysis