NEE Utilities

NextEra Energy, Inc.

$84.33-0.82%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Utilities
Industry: Utilities - Regulated Electric
Country: United States
Market cap: 175.9B USD
Enterprise value: 269.5B USD
Full-time employees: 17,400

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 0.64 vs a peer median of 0.46), though less than the overall market, less short-term liquidity (current ratio 0.53 vs a peer median of 1.03) and more debt relative to equity (1.85× vs a peer median of 1.19×)higher risk: bigger price swings (beta 0.64 vs peers 0.46), less liquidity (current ratio 0.53 vs peers 1.03) and more debt vs equity (1.85× vs peers 1.19×)

Ranks #193 of 348 utilities companies (bottom 45%)

See how it ranks against its peers

Worth knowing

Profit isn't fully turning into cash. Free cash flow is only 33% of reported profit.
Free cash flow is only 33% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.
Profits growing faster than sales. Since 2022: revenue +12%, operating profit +103%.
Since 2022, NextEra Energy's revenue grew 12% while operating profit grew 103%: each extra dollar of sales is adding more profit.
Wide margins. Operating margin 33% (12 months to Jun 2026) vs a peer median of 19%.Operating margin 33% vs peers 19%.
NextEra Energy keeps 33% of revenue as operating profit, more than 85% of peers (median 19%).

StockQuotient Score

47/ 100

Oct 5 48 → Nov 4 47 (-1)

Valuation

Is the price right?

25/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield5.3%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.14Sector median: 0.0485 · MAD: 0.0319

EBITDA yield5.5%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -1.22Sector median: 0.0859 · MAD: 0.0250

Free cash flow yield1.7%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score 0.00Sector median: 0.0000 · MAD: 0.0000

Other data (not scored)

Book yield32.5%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.6310 · MAD: 0.2684

Growth

Is it growing?

83/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ EPS growth
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth55.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.98Sector median: 0.0172 · MAD: 0.1791

3-year revenue growth3.1%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.22Sector median: 0.0196 · MAD: 0.0523

Revenue growth7.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.77Sector median: 0.0254 · MAD: 0.0681

Profitability

Does it earn well?

69/100

Moderate▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 70 → 69

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Operating margin
▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin32.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.61Sector median: 0.1864 · MAD: 0.0865

Return on assets4.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.08Sector median: 0.0266 · MAD: 0.0124

Return on invested capital4.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.43Sector median: 0.0524 · MAD: 0.0237

Other data (not scored)

Gross margin61.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3581 · MAD: 0.1545

Return on equity16.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0807 · MAD: 0.0381

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Debt / equity
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.64

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.04Sector median: 0.4590 · MAD: 0.1730

Current ratio0.53×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.38Sector median: 1.0330 · MAD: 0.3620

Debt / equity1.85×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.26Sector median: 1.1925 · MAD: 0.5265

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about NextEra Energy

Is NextEra Energy getting weaker?: Its latest SEC filing (Jul 24, 2026) showed no major changes. Its overall score is unchanged at 47/100 since Oct 28, 2026.
How is NextEra Energy valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 25/100 against 360 utilities peers. EBITDA yield 5.5% vs a peer median of 8.6% (weaker than 84% of peers).EBITDA yield 5.5% vs peers 8.6% (weaker than 84% of peers).
Is NextEra Energy growing?: Yes, faster than most of its peers. Growth scores 83/100 against 360 utilities peers. Earnings per share growth 55.1% vs a peer median of 1.7% (stronger than 86% of peers).Earnings per share growth 55.1% vs peers 1.7% (stronger than 86% of peers).
How profitable is NextEra Energy?: More profitable than most of its peers. Profitability scores 69/100 against 360 utilities peers. Operating margin 32.5% vs a peer median of 18.6% (stronger than 85% of peers).Operating margin 32.5% vs peers 18.6% (stronger than 85% of peers). Return on invested capital 4.2% vs a peer median of 5.2% (weaker than 64% of peers).Return on invested capital 4.2% vs peers 5.2% (weaker than 64% of peers).
How risky is NextEra Energy?: Higher risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Current ratio 0.53× vs a peer median of 1.03× (weaker than 88% of peers).Current ratio 0.53× vs peers 1.03× (weaker than 88% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 24, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	25.9B USD	26.3B USD	+1.5%
Net income (12 months)	8.2B USD	9.3B USD	+13.6%
Operating margin	31.8%	32.5%	+0.8 pts
Debt	103.1B USD	105.9B USD	+2.7%
Cash	2.0B USD	2.9B USD	+43.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Utilities - Regulated Electric · 29 companies

Valuations in Utilities - Regulated Electric are above their usual range since 2016.

67% of months since 2016 were valued lower than now.
24% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +18% and earnings +20% (medians): prices and earnings moved broadly together.
Median price-to-sales is +1% vs the whole market, against a usual +1%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	15.5%	17.7%	41.3%	31.8%	32.1%	▲ 0.3 pts
Net margin	19.0%	18.0%	29.5%	29.6%	26.5%	▼ 3.1 pts
Return on assets (ROA)	2.5%	2.6%	4.1%	3.7%	3.2%	▼ 0.4 pts
Return on equity (ROE)	9.6%	10.6%	15.4%	13.9%	12.5%	▼ 1.3 pts
Current ratio	0.53×	0.51×	0.55×	0.47×	0.60×	▲ 26%
Quick ratio	0.44×	0.43×	0.47×	0.38×	0.49×	▲ 27%
Debt to equity	1.45×	1.62×	1.54×	1.64×	1.74×	▲ 6.2%

NEE price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 0.64 vs a peer median of 0.46), though less than the overall market, less short-term liquidity (current ratio 0.53 vs a peer median of 1.03) and more debt relative to equity (1.85× vs a peer median of 1.19×)higher risk: bigger price swings (beta 0.64 vs peers 0.46), less liquidity (current ratio 0.53 vs peers 1.03) and more debt vs equity (1.85× vs peers 1.19×)

Ranks #193 of 348 utilities companies (bottom 45%)

See how it ranks against its peers

Worth knowing

Profit isn't fully turning into cash. Free cash flow is only 33% of reported profit.

Free cash flow is only 33% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.

Profits growing faster than sales. Since 2022: revenue +12%, operating profit +103%.

Since 2022, NextEra Energy's revenue grew 12% while operating profit grew 103%: each extra dollar of sales is adding more profit.

Wide margins. Operating margin 33% (12 months to Jun 2026) vs a peer median of 19%.Operating margin 33% vs peers 19%.

NextEra Energy keeps 33% of revenue as operating profit, more than 85% of peers (median 19%).

Questions investors ask about NextEra Energy

Is NextEra Energy getting weaker?

Its latest SEC filing (Jul 24, 2026) showed no major changes. Its overall score is unchanged at 47/100 since Oct 28, 2026.

How is NextEra Energy valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 25/100 against 360 utilities peers. EBITDA yield 5.5% vs a peer median of 8.6% (weaker than 84% of peers).EBITDA yield 5.5% vs peers 8.6% (weaker than 84% of peers).

Is NextEra Energy growing?

Yes, faster than most of its peers. Growth scores 83/100 against 360 utilities peers. Earnings per share growth 55.1% vs a peer median of 1.7% (stronger than 86% of peers).Earnings per share growth 55.1% vs peers 1.7% (stronger than 86% of peers).

How profitable is NextEra Energy?

More profitable than most of its peers. Profitability scores 69/100 against 360 utilities peers. Operating margin 32.5% vs a peer median of 18.6% (stronger than 85% of peers).Operating margin 32.5% vs peers 18.6% (stronger than 85% of peers). Return on invested capital 4.2% vs a peer median of 5.2% (weaker than 64% of peers).Return on invested capital 4.2% vs peers 5.2% (weaker than 64% of peers).

How risky is NextEra Energy?

Higher risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Current ratio 0.53× vs a peer median of 1.03× (weaker than 88% of peers).Current ratio 0.53× vs peers 1.03× (weaker than 88% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

25.9B USD

26.3B USD

+1.5%

Net income (12 months)

8.2B USD

9.3B USD

+13.6%

Operating margin

31.8%

32.5%

+0.8 pts

Debt

103.1B USD

105.9B USD

+2.7%

Cash

2.0B USD

2.9B USD

+43.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

15.5%

17.7%

41.3%

31.8%

32.1%

▲ 0.3 pts

Net margin

19.0%

18.0%

29.5%

29.6%

26.5%

▼ 3.1 pts

Return on assets (ROA)

2.5%

2.6%

4.1%

3.7%

3.2%

▼ 0.4 pts

Return on equity (ROE)

9.6%

10.6%

15.4%

13.9%

12.5%

▼ 1.3 pts

Current ratio

0.53×

0.51×

0.55×

0.47×

0.60×

▲ 26%

Quick ratio

0.44×

0.43×

0.47×

0.38×

0.49×

▲ 27%

Debt to equity

1.45×

1.62×

1.54×

1.64×

1.74×

▲ 6.2%