NEE

MKT CAP:$199B

NextEra Energy, Inc.

Market Cap

$199B

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Utilities·Regulated Electric·🇺🇸·NYSE

Stock Price

$95.76+$14.83 (+18.32%)

Apr 24, 2026

Company Details

NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natura...

CEO

John W. Ketchum

IPO Date

Jun 19, 2014

Website

www.nexteraenergy.com

Key Metrics TTM

Revenue

$25.9B

+10.1% YoY

Net Income

$6.3B

EPS (Diluted)

$3.08

Free Cash Flow

$4.2B

Revenue / Share

$12.56

Gross Margin

61.3%

Operating Margin

31.6%

Net Margin

24.4%

FCF Margin

16.2%

P/S

7.7x

P/E

31.6x

Earnings Reports

Q2 2024

Jul 24, 2024

$6.1B-17.4%EPS $0.79

Q1 2024

Apr 23, 2024

$5.7BEPS $1.10

Q4 2023

Feb 16, 2024

$6.9BEPS $0.59

Q3 2023

Nov 6, 2023

$7.2B+6.7%EPS $0.60

Q2 2023

Jul 26, 2023

$7.3BEPS $1.38

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 19	$5.6B	$3.4B	$1.6B
Q4 19	$4.6B	$2.5B	$877M
Q1 20	$4.6B	$3.0B	$2.0B
Q2 20	$4.2B	$2.6B	$1.2B
Q3 20	$4.8B	$2.8B	$1.0B
Q4 20	$4.4B	$2.4B	$940M
Q1 21	$3.7B	$1.8B	$669M
Q2 21	$3.9B	$2.0B	$510M
Q3 21	$4.4B	$2.1B	$379M
Q4 21	$5.0B	$2.7B	$1.4B
Q3 22	$6.7B	$3.6B	$1.9B
Q2 23	$7.3B	$4.9B	$2.8B
Q3 23	$7.2B	$4.4B	$1.8B
Q4 23	$6.9B	$4.4B	$2.7B
Q1 24	$5.7B	$3.4B	$2.0B
Q2 24	$6.1B	$3.6B	$1.7B

Valuation

Quarter	P/S	P/E
Q3 19	6.0x	35.4x
Q4 19	6.1x	31.3x
Q1 20	6.1x	34.3x
Q2 20	6.1x	32.9x
Q3 20	7.7x	35.7x
Q4 20	8.2x	50.7x
Q1 21	8.6x	35.2x
Q2 21	8.8x	46.9x
Q3 21	9.4x	65.4x
Q4 21	10.6x	50.4x
Q3 22	8.0x	44.8x
Q2 23	6.4x	24.6x
Q3 23	4.1x	15.5x
Q4 23	4.6x	18.7x
Q1 24	4.8x	17.4x
Q2 24	5.6x	22.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 19	$3.0B	$620M
Q4 19	$1.9B	$568M
Q1 20	$1.9B	$102M
Q2 20	$1.9B	-$56M
Q3 20	$2.8B	$1.5B
Q4 20	$1.4B	-$1.0B
Q1 21	$1.3B	-$284M
Q2 21	$2.2B	$337M
Q3 21	$2.7B	$977M
Q4 21	$1.3B	-$1.3B
Q3 22	$2.5B	$422M
Q2 23	$3.1B	$582M
Q3 23	$3.7B	$1.0B
Q4 23	$2.9B	$784M
Q1 24	$3.1B	$609M
Q2 24	$3.9B	$1.8B

Capital Expenditures

Quarter	CapEx
Q3 19	$2.3B
Q4 19	$1.3B
Q1 20	$1.8B
Q2 20	$2.0B
Q3 20	$1.3B
Q4 20	$2.4B
Q1 21	$1.6B
Q2 21	$1.9B
Q3 21	$1.8B
Q4 21	$2.6B
Q3 22	$2.1B
Q2 23	$2.5B
Q3 23	$2.7B
Q4 23	$2.1B
Q1 24	$2.5B
Q2 24	$2.1B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 19	+26.2%	+15.4%
Q4 19	+4.8%	+13.3%
Q1 20	+13.2%	-10.5%
Q2 20	-15.4%	-6.4%
Q3 20	-14.1%	-5.1%
Q4 20	-4.2%	-6.9%
Q1 21	-19.2%	+16.1%
Q2 21	-6.6%	+13.2%
Q3 21	-8.7%	+5.7%
Q4 21	+14.8%	+6.8%
Q3 22	+80.3%	+58.9%
Q2 23	+87.1%	+33.2%
Q3 23	+64.1%	+33.7%
Q4 23	+36.3%	+14.3%
Q1 24	-14.7%	-23.5%
Q2 24	-17.4%	-3.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 19	$0	0.0%
Q4 19	$0	0.0%
Q1 20	$0	0.0%
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$107M	2.4%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q3 22	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%

Revenue Segments

Quarter	Florida Power & Light Company	Gulf Power Segment	NextEra Energy Resources	FPL Segment	NEER Segment
Q3 19	$3.5B	$440M	$1.6B	—	—
Q4 19	$2.9B	$353M	$1.4B	—	—
Q1 20	$2.5B	$328M	$1.8B	—	—
Q2 20	$2.8B	$333M	$1.1B	—	—
Q3 20	$3.5B	$404M	$953M	—	—
Q4 20	$2.8B	$333M	$1.2B	—	—
Q1 21	—	$347M	—	$2.6B	$810M
Q3 22	—	—	—	$5.1B	$1.7B
Q2 23	—	—	—	$4.8B	$2.6B
Q3 23	—	—	—	$5.5B	$1.7B
Q2 24	—	—	—	$4.4B	$1.6B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$2.9B	$0	$2.9B
Q3 22	$2.5B	$0	$2.5B
Q4 22	$1.6B	$0	$1.6B
Q1 23	$2.3B	$0	$2.3B
Q2 23	$1.6B	$0	$1.6B
Q3 23	$1.6B	$0	$1.6B
Q4 23	$2.7B	$0	$2.7B
Q1 24	$1.6B	$0	$1.6B
Q2 24	$1.6B	$0	$1.6B
Q3 24	$2.3B	$0	$2.3B
Q4 24	$1.5B	$0	$1.5B
Q1 25	$2.4B	$0	$2.4B
Q2 25	$1.7B	$0	$1.7B
Q3 25	$2.4B	$853M	$3.2B
Q4 25	$2.8B	$0	$2.8B
Q1 26	$2.0B	$0	$2.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 19	1.96B	+1.2%	+2.4%
Q4 19	1.96B	+0.5%	+2.1%
Q1 20	1.97B	+0.2%	+2.1%
Q2 20	1.97B	-0.0%	+1.9%
Q3 20	1.96B	-0.4%	+0.2%
Q4 20	1.97B	+0.7%	+0.4%
Q1 21	1.97B	+0.1%	+0.3%
Q2 21	1.97B	-0.1%	+0.2%
Q3 21	1.97B	+0.1%	+0.7%
Q4 21	1.98B	+0.1%	+0.2%
Q3 22	1.98B	+0.2%	+0.3%
Q2 23	2.03B	+2.4%	+2.9%
Q3 23	2.04B	+0.4%	+3.2%
Q4 23	2.05B	+0.9%	+4.0%
Q1 24	2.06B	+0.1%	+3.9%
Q2 24	2.06B	+0.1%	+1.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 19	$389.7K	14K
Q4 19	$310.0K	15K
Q1 20	$311.7K	15K
Q2 20	$284.1K	15K
Q3 20	$323.3K	15K
Q4 20	$483.0K	9K
Q1 21	$409.5K	9K
Q2 21	$431.5K	9K
Q3 21	$480.2K	9K
Q4 21	$520.2K	10K
Q3 22	$692.7K	10K
Q2 23	$790.2K	9K
Q3 23	$771.2K	9K
Q4 23	$724.0K	10K
Q1 24	$603.3K	10K
Q2 24	$638.8K	10K

Revenue / Employee