NextEra Energy, Inc. (NEE) 10-Year Financial Performance & Capital Metrics

NEE • • Utilities

UtilitiesElectric UtilitiesRenewable & Clean Energy FocusRenewable Energy Leaders

AboutNextEra 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 natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets. As of December 31, 2021, the company had approximately 28,564 megawatts of net generating capacity; approximately 77,000 circuit miles of transmission and distribution lines; and 696 substations. It serves approximately 11 million people through approximately 5.7 million customer accounts in the east and lower west coasts of Florida. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010. The company was founded in 1925 and is headquartered in Juno Beach, Florida.Show more

Revenue $24.75B -12.0%
EBITDA $13.24B -19.2%
Net Income $6.95B -5.0%
Free Cash Flow -$9B +26.0%
EBITDA Margin 53.49% -8.2%
Net Margin 28.06% +7.9%
ROE 11.59% -14.0%
Interest Coverage 3.35 +8.7%
Debt/Equity 1.35 +9.1%
Net Debt/EBITDA 6.11 +41.9%
CapEx / Revenue 89.94% +7.8%
CapEx Coverage 0.60 +23.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Dividend Aristocrat: 29 years of consecutive increases
✓29 years of consecutive dividend growth
✓Strong interest coverage of 3.3x
✓Healthy dividend yield of 2.5%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗High leverage: 6.2x Debt/EBITDA

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y3.82%

5Y5.21%

3Y13.19%

TTM0.2%

Profit (Net Income) CAGR

10Y10.92%

5Y13.01%

3Y24.81%

TTM-6.47%

EPS CAGR

10Y9.18%

5Y11.68%

3Y22.98%

TTM-7.1%

ROCE

10Y Avg5.19%

5Y Avg4.49%

3Y Avg5.07%

Latest4.76%

Peer Comparison

Renewable Energy Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GNEGenie Energy Ltd.	361.6M	14.51	31.54	-0.82%	1%	2.57%	15.13%	0.06
NEENextEra Energy, Inc.	168.94B	81.12	24.07	-11.95%	24.72%	10.07%		1.35
VIASPVia Renewables, Inc.	96.74M	25.50	1.37	-8.35%	5.07%	15.46%	47.3%	0.65

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	17.49B	16.14B	17.17B	16.73B	19.2B	18B	17.07B	20.96B	28.11B	24.75B
Revenue Growth %	0.03%	-0.08%	0.06%	-0.03%	0.15%	-0.06%	-0.05%	0.23%	0.34%	-0.12%
Cost of Revenue	8.6B	7.52B	7.53B	7.06B	8B	7.29B	8.51B	10.82B	10.14B	9.89B
Gross Profit+	8.89B	8.62B	9.64B	9.66B	11.2B	10.71B	8.56B	10.14B	17.98B	14.87B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.07%	-0.03%	0.12%	0%	0.16%	-0.04%	-0.2%	0.18%	0.77%	-0.17%
Operating Expenses+	4.26B	4.16B	4.47B	5.38B	5.85B	5.59B	5.65B	6.06B	7.74B	7.39B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	7.83B	7.89B	7.81B	8.43B	9.83B	9.43B	7.13B	8.87B	16.39B	13.24B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.08%	0.01%	-0.01%	0.08%	0.17%	-0.04%	-0.24%	0.24%	0.85%	-0.19%
Depreciation & Amortization+	3.2B	3.43B	2.64B	4.15B	4.48B	4.32B	4.21B	4.79B	6.15B	5.76B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	4.63B	4.46B	5.17B	4.28B	5.35B	5.12B	2.91B	4.08B	10.24B	7.48B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.06%	-0.04%	0.16%	-0.17%	0.25%	-0.04%	-0.43%	0.4%	1.51%	-0.27%
Interest Expense+	1.21B	1.1B	1.56B	1.5B	2.25B	1.95B	1.27B	585M	3.32B	2.23B
Interest Coverage	3.82x	4.06x	3.32x	2.86x	2.38x	2.62x	2.29x	6.98x	3.08x	3.35x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K
Pretax Income+	3.99B	4.38B	4.66B	7.35B	3.84B	2.41B	3.17B	3.83B	7.29B	6.04B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.23B	1.38B	-660M	1.58B	448M	44M	348M	586M	1.01B	339M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	2.75B	2.91B	5.38B	6.64B	3.77B	2.92B	3.57B	4.15B	7.31B	6.95B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.12%	0.06%	0.85%	0.23%	-0.43%	-0.23%	0.22%	0.16%	0.76%	-0.05%
EPS (Diluted)+	1.49	1.56	2.84	3.47	1.94	1.48	1.81	2.10	3.60	3.37
EPS Growth %	0.06%	0.05%	0.82%	0.22%	-0.44%	-0.24%	0.22%	0.16%	0.72%	-0.06%
EPS (Basic)	1.49	1.56	2.85	3.51	1.95	1.49	1.82	2.10	3.61	3.38
Diluted Shares Outstanding	1.84B	1.86B	1.89B	1.91B	1.94B	1.97B	1.97B	1.98B	2.03B	2.06B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	82.48B	89.99B	97.83B	103.7B	117.69B	127.68B	140.91B	158.94B	177.49B	190.14B
Asset Growth %	0.1%	0.09%	0.09%	0.06%	0.13%	0.08%	0.1%	0.13%	0.12%	0.07%
PP&E (Net)+	61.39B	66.91B	72.42B	70.33B	82.01B	91.8B	99.35B	111.06B	125.78B	138.85B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	6.79B	7.41B	7.16B	6.39B	7.41B	7.38B	9.29B	13.49B	15.36B	11.95B
Cash & Equivalents	571M	1.29B	1.71B	638M	600M	1.1B	639M	1.6B	2.69B	1.49B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	1.26B	1.29B	1.27B	1.22B	1.33B	1.55B	1.56B	1.93B	2.11B	2.21B
Other Current Assets	2.7B	2.39B	1.46B	1.56B	2.67B	1.75B	2.98B	4.54B	4.53B	3.48B
Long-Term Investments	6.92B	7.92B	8.96B	12.63B	14.41B	13.51B	15.08B	14.08B	14.85B	15.92B
Goodwill	778M	779M	764M	891M	4.2B	4.25B	4.84B	4.85B	5.09B	4.87B
Intangible Assets	1.21B	1.25B	1.29B	708M	552M	693M	742M	759M	1.69B	1.72B
Other Assets	7.37B	7.76B	8.12B	12.74B	9.11B	10.04B	11.61B	14.7B	14.71B	16.84B
Total Liabilities	59.37B	64.66B	68.33B	66.29B	76.33B	82.75B	95.24B	109.5B	118.47B	129.28B
Total Debt+	29.69B	30.84B	35.08B	37.71B	42.58B	48.09B	54.83B	64.97B	73.21B	82.33B
Net Debt	29.12B	29.55B	33.37B	37.07B	41.98B	46.99B	54.19B	63.37B	70.52B	80.85B
Long-Term Debt	26.68B	27.82B	31.41B	26.78B	37.54B	41.94B	50.96B	55.26B	61.41B	72.39B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	63M	498M	541M	555M	400M	412M	1.23B
Total Current Liabilities+	10.11B	10.92B	11.23B	17.56B	13.85B	15.56B	17.44B	26.7B	27.96B	25.36B
Accounts Payable	2.53B	3.45B	3.23B	2.39B	3.63B	4.62B	6.93B	8.31B	8.5B	6.98B
Accrued Expenses	1.37B	1.6B	1.65B	1.67B	1.71B	1.51B	1.9B	2.48B	2.83B	3.36B
Deferred Revenue	473M	470M	448M	445M	499M	474M	485M	560M	638M	694M
Other Current Liabilities	2.73B	2.38B	2.29B	2.13B	2.97B	2.81B	4.25B	5.63B	4.18B	4.37B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	12.75B	14.82B	20.02B	14.58B	16.57B	17.23B	18.54B	18.48B	18.95B	19.79B
Total Equity+	23.11B	25.33B	29.5B	37.41B	41.36B	44.93B	45.67B	49.44B	59.02B	60.86B
Equity Growth %	0.15%	0.1%	0.16%	0.27%	0.11%	0.09%	0.02%	0.08%	0.19%	0.03%
Shareholders Equity	22.57B	24.34B	28.21B	34.14B	37.01B	36.51B	37.2B	39.23B	47.47B	50.1B
Minority Interest	538M	990M	1.29B	3.27B	4.36B	8.42B	8.47B	10.21B	11.56B	10.76B
Common Stock	5M	5M	5M	5M	5M	20M	20M	20M	21M	21M
Additional Paid-in Capital	8.6B	8.95B	9.1B	10.49B	11.97B	11.22B	11.27B	12.72B	17.36B	17.26B
Retained Earnings	14.14B	15.46B	18.99B	23.84B	25.2B	25.36B	25.91B	26.71B	30.23B	32.95B
Accumulated OCI	-167M	-70M	111M	-188M	-169M	-92M	0	-218M	-153M	-126M
Return on Assets (ROA)	0.03%	0.03%	0.06%	0.07%	0.03%	0.02%	0.03%	0.03%	0.04%	0.04%
Return on Equity (ROE)	0.13%	0.12%	0.2%	0.2%	0.1%	0.07%	0.08%	0.09%	0.13%	0.12%
Debt / Equity	1.28x	1.22x	1.19x	1.01x	1.03x	1.07x	1.20x	1.31x	1.24x	1.35x
Debt / Assets	0.36%	0.34%	0.36%	0.36%	0.36%	0.38%	0.39%	0.41%	0.41%	0.43%
Net Debt / EBITDA	3.72x	3.75x	4.27x	4.40x	4.27x	4.98x	7.60x	7.14x	4.30x	6.11x
Book Value per Share	12.53	13.59	15.59	19.57	21.3	22.82	23.16	24.99	29.06	29.56

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.12B	6.37B	6.46B	6.59B	8.15B	7.98B	7.55B	8.26B	11.3B	13.26B
Operating CF Growth %	0.11%	0.04%	0.01%	0.02%	0.24%	-0.02%	-0.05%	0.09%	0.37%	0.17%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	2.76B	2.91B	5.38B	6.64B	3.77B	2.92B	3.57B	3.25B	6.28B	5.7B
Depreciation & Amortization	3.2B	3.38B	2.63B	4.14B	4.48B	4.32B	4.21B	4.79B	6.15B	5.76B
Deferred Taxes	1.16B	1.23B	-882M	1.46B	258M	-78M	474M	534M	708M	1.31B
Other Non-Cash Items	-919M	-921M	-1.01B	-5.04B	-727M	1.32B	-182M	-862M	-447M	333M
Working Capital Changes	-92M	-223M	346M	-598M	377M	-604M	-523M	412M	-1.39B	160M
Capital Expenditures+	-8.01B	-8.05B	-8.92B	-10.95B	-11.08B	-13.7B	-13.59B	-18.36B	-23.47B	-22.26B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-8.01B	-8.05B	-8.92B	-10.95B	-16.18B	-13.7B	-13.59B	-18.36B	-23.47B	-22.26B
Acquisitions	345M	645M	1.45B	5.74B	-5.17B	-1.01B	-7.55B	0	924M	0
Purchase of Investments	-9.49B	-9.22B	-8.54B	-10.73B	-10.54B	-10.91B	-13.56B	-14.13B	-21.49B	-5.62B
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	4.96B	4.12B	3.43B	-1.57B	5.44B	1.09B	7.59B	89M	-9.66B	-24.75B
Cash from Financing+	1.9B	2.42B	2.89B	7.63B	3.87B	6.17B	5.81B	12.23B	12.15B	7B
Dividends Paid	-1.39B	-1.61B	-1.84B	-2.1B	-2.41B	-2.74B	-3.02B	-3.35B	-3.78B	-4.24B
Dividend Payout Ratio %	0.5%	0.55%	0.34%	0.32%	0.64%	0.94%	0.85%	0.81%	0.52%	0.61%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	1.3B	537M	55M	718M	1.49B	0	14M	1.46B	4.51B	48M
Share Repurchases	0	0	0	0	0	-92M	0	0	0	0
Other Financing	540M	1.42B	689M	1.48B	1.17B	3.62B	2.15B	3.83B	3.23B	-451M
Net Change in Cash+	-6M	757M	454M	3.27B	-4.14B	438M	-230M	2.13B	-21M	-2.02B
Exchange Rate Effect	1000K	1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K
Cash at Beginning	577M	571M	1.53B	1.98B	5.25B	1.11B	1.55B	1.32B	3.44B	3.42B
Cash at End	571M	1.29B	1.98B	5.25B	1.11B	1.55B	1.32B	3.44B	3.42B	1.4B
Free Cash Flow+	-1.89B	-1.68B	-2.46B	-4.36B	-2.92B	-5.72B	-6.04B	-10.1B	-12.17B	-9B
FCF Growth %	-1.19%	0.11%	-0.47%	-0.77%	0.33%	-0.96%	-0.06%	-0.67%	-0.2%	0.26%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.72%	12.02%	19.62%	19.84%	9.57%	6.77%	7.89%	8.72%	13.48%	11.59%
EBITDA Margin	44.81%	48.87%	45.48%	50.38%	51.19%	52.4%	41.75%	42.33%	58.29%	53.49%
Net Debt / EBITDA	3.72x	3.75x	4.27x	4.40x	4.27x	4.98x	7.60x	7.14x	4.30x	6.11x
Interest Coverage	3.82x	4.06x	3.32x	2.86x	2.38x	2.62x	2.29x	6.98x	3.08x	3.35x
CapEx / Revenue	45.78%	49.86%	51.93%	65.46%	57.68%	76.12%	79.62%	87.61%	83.47%	89.94%
Dividend Payout Ratio	50.33%	55.36%	34.29%	31.65%	63.89%	93.97%	84.63%	80.83%	51.74%	60.97%
Debt / Equity	1.28x	1.22x	1.19x	1.01x	1.03x	1.07x	1.20x	1.31x	1.24x	1.35x
EPS Growth	6.43%	4.7%	82.05%	22.18%	-44.09%	-23.71%	22.41%	15.69%	71.76%	-6.39%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Florida Power & Light Company	-	-	11.97B	11.86B	12.19B	11.66B	-	-	-	17.02B
Florida Power & Light Company Growth	-	-	-	-0.92%	2.78%	-4.35%	-	-	-	-
NEER	-	-	-	-	-	-	3.05B	-	-	7.54B
NEER Growth	-	-	-	-	-	-	-	-	-	-
Franchise And Gross Receipts Taxes	-	-	-	-	-	-	-	1.03B	1.14B	-
Franchise And Gross Receipts Taxes Growth	-	-	-	-	-	-	-	-	10.05%	-
FPL	-	-	-	-	-	-	12.6B	-	-	-
FPL Growth	-	-	-	-	-	-	-	-	-	-
Gulf Power	-	-	-	-	1.49B	1.4B	1.5B	-	-	-
Gulf Power Growth	-	-	-	-	-	-5.99%	7.51%	-	-	-
NextEra Energy Resources	5.44B	4.89B	5.19B	4.88B	5.64B	5.05B	-	-	-	-
NextEra Energy Resources Growth	-	-10.12%	5.99%	-5.94%	15.60%	-10.52%	-	-	-	-
Corporate and Other	391M	367M	37M	-	-	-	-	-	-	-
Corporate and Other Growth	-	-6.14%	-89.92%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

NextEra Energy, Inc. (NEE) has a price-to-earnings (P/E) ratio of 24.1x. This is roughly in line with market averages.

Growth & Financials

NextEra Energy, Inc. (NEE) reported $26.30B in revenue for fiscal year 2024. This represents a 71% increase from $15.34B in 2011.

NextEra Energy, Inc. (NEE) saw revenue decline by 12.0% over the past year.

Yes, NextEra Energy, Inc. (NEE) is profitable, generating $6.50B in net income for fiscal year 2024 (28.1% net margin).

Dividend & Returns

Yes, NextEra Energy, Inc. (NEE) pays a dividend with a yield of 2.54%. This makes it attractive for income-focused investors.

NextEra Energy, Inc. (NEE) has a return on equity (ROE) of 11.6%. This is reasonable for most industries.

NextEra Energy, Inc. (NEE) had negative free cash flow of $10.57B in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

NextEra Energy, Inc. (NEE) has a dividend payout ratio of 61%. This suggests the dividend is well-covered and sustainable.

US Stock Screener

...