NextEra Energy, Inc. (NEE) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↓
19.01
-10% vs avg
5yr avg: 21.06
30Y Low4.9·High33.4
P/FCF
N/A
—
5yr avg: N/A
30Y Low7.6·High12.1
P/B Ratio
↓
3.00
+4% vs avg
5yr avg: 2.88
30Y Low1.3·High4.0
ROE
↑
10.7%
↓+2% vs avg
5yr avg: 10.5%
30Y Low7%·High20%
Debt/EBITDA
↓
6.23
↓-2% vs avg
5yr avg: 6.39
30Y Low1.1·High7.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NEE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NextEra Energy, Inc. trades at 29.0x earnings, 6% below its 5-year average of 30.8x, sitting at the 87th percentile of its historical range. Compared to the Utilities sector median P/E of 19.7x, the stock trades at a premium of 47%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $198.9B | $167.7B | $147.6B | $123.4B | $165.4B | $184.1B | $151.9B | $117.6B | $83.1B | $73.9B | $55.7B |
| Enterprise Value | $291.7B | $260.5B | $228.5B | $193.9B | $228.8B | $238.3B | $198.9B | $159.6B | $120.2B | $107.2B | $85.2B |
| P/E Ratio → | 28.99 | 24.40 | 21.27 | 16.87 | 39.89 | 51.53 | 52.13 | 31.21 | 12.52 | 13.75 | 19.15 |
| P/S Ratio | 7.24 | 6.10 | 5.96 | 4.39 | 7.89 | 10.79 | 8.44 | 6.12 | 4.97 | 4.30 | 3.45 |
| P/B Ratio | 3.00 | 2.52 | 2.43 | 2.09 | 3.35 | 4.03 | 3.38 | 2.84 | 2.22 | 2.50 | 2.20 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 15.93 | 13.43 | 11.13 | 10.92 | 20.02 | 24.38 | 19.03 | 14.42 | 12.60 | 11.52 | 8.79 |
P/E links to full P/E history page with 30-year chart
NEE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
NextEra Energy, Inc.'s enterprise value stands at 19.0x EBITDA, 10% below its 5-year average of 21.1x. The Utilities sector median is 11.5x, placing the stock at a 65% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.48 | 9.23 | 6.90 | 10.92 | 13.96 | 11.05 | 8.31 | 7.18 | 6.25 | 5.28 |
| EV / EBITDA | 19.01 | 16.98 | 17.25 | 11.83 | 25.79 | 33.44 | 21.09 | 16.23 | 14.26 | 13.73 | 10.81 |
| EV / EBIT | 35.23 | 28.62 | 27.62 | 18.27 | 51.79 | 53.61 | 45.58 | 26.22 | 13.58 | 17.24 | 15.56 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
NEE Profitability
Margins and return-on-capital ratios measuring operating efficiency
NextEra Energy, Inc. earns an operating margin of 30.1%, above the Utilities sector average of 19.8%. Operating margins have compressed from 36.4% to 30.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 10.7% is modest. ROIC of 4.1% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.8% | 62.8% | 60.1% | 63.9% | 48.4% | 50.2% | 59.5% | 58.3% | 57.8% | 56.2% | 53.4% |
| Operating Margin | 30.1% | 30.1% | 30.2% | 36.4% | 19.5% | 17.1% | 28.4% | 27.9% | 25.6% | 30.1% | 27.6% |
| Net Profit Margin | 24.9% | 24.9% | 28.1% | 26.0% | 19.8% | 20.9% | 16.2% | 19.6% | 39.7% | 31.3% | 18.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.7% | 10.7% | 11.6% | 13.5% | 8.7% | 7.9% | 6.8% | 9.6% | 19.8% | 19.6% | 12.0% |
| ROA | 3.4% | 3.4% | 3.8% | 4.3% | 2.8% | 2.7% | 2.4% | 3.4% | 6.6% | 5.7% | 3.4% |
| ROIC | 4.1% | 4.1% | 4.1% | 6.3% | 2.9% | 2.3% | 4.4% | 5.1% | 4.7% | 6.6% | 6.2% |
| ROCE | 4.7% | 4.7% | 4.8% | 7.3% | 3.2% | 2.5% | 4.7% | 5.6% | 5.0% | 6.2% | 5.9% |
NEE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
NextEra Energy, Inc. carries a Debt/EBITDA ratio of 6.2x, which is highly leveraged (25% above the sector average of 5.0x). Net debt stands at $92.8B ($95.6B total debt minus $2.8B cash). Interest coverage of just 2.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.44 | 1.44 | 1.35 | 1.24 | 1.31 | 1.20 | 1.07 | 1.03 | 1.01 | 1.19 | 1.22 |
| Debt / EBITDA | 6.23 | 6.23 | 6.22 | 4.47 | 7.32 | 7.69 | 5.10 | 4.33 | 4.48 | 4.49 | 3.91 |
| Net Debt / Equity | — | 1.40 | 1.33 | 1.19 | 1.28 | 1.19 | 1.05 | 1.02 | 0.99 | 1.13 | 1.17 |
| Net Debt / EBITDA | 6.05 | 6.05 | 6.11 | 4.30 | 7.14 | 7.60 | 4.98 | 4.27 | 4.40 | 4.27 | 3.75 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.99 | 1.99 | 3.70 | 3.19 | 7.55 | 3.50 | 2.24 | 2.71 | 5.91 | 3.99 | 4.99 |
NEE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.60x is below 1.0, meaning current liabilities exceed current assets — though the company's $2.8B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.60 | 0.60 | 0.47 | 0.55 | 0.51 | 0.53 | 0.47 | 0.53 | 0.36 | 0.64 | 0.68 |
| Quick Ratio | 0.49 | 0.49 | 0.38 | 0.47 | 0.43 | 0.44 | 0.37 | 0.44 | 0.29 | 0.52 | 0.56 |
| Cash Ratio | 0.12 | 0.12 | 0.06 | 0.10 | 0.06 | 0.04 | 0.07 | 0.04 | 0.04 | 0.15 | 0.12 |
| Asset Turnover | — | 0.13 | 0.13 | 0.16 | 0.13 | 0.12 | 0.14 | 0.16 | 0.16 | 0.18 | 0.18 |
| Inventory Turnover | 4.22 | 4.22 | 4.47 | 4.81 | 5.59 | 5.45 | 4.70 | 6.03 | 5.77 | 5.91 | 5.83 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
NEE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NextEra Energy, Inc. returns 2.3% to shareholders annually primarily through dividends. A payout ratio of 68.5% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 3.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.3% | 2.8% | 2.9% | 3.1% | 2.0% | 1.6% | 1.8% | 2.0% | 2.5% | 2.5% | 2.9% |
| Payout Ratio | 68.5% | 68.5% | 61.0% | 51.7% | 80.8% | 84.6% | 94.0% | 63.9% | 31.7% | 34.3% | 55.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 4.1% | 4.7% | 5.9% | 2.5% | 1.9% | 1.9% | 3.2% | 8.0% | 7.3% | 5.2% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.3% | 2.8% | 2.9% | 3.1% | 2.0% | 1.6% | 1.9% | 2.0% | 2.5% | 2.5% | 2.9% |
| Shares Outstanding | — | $2.1B | $2.1B | $2.0B | $2.0B | $2.0B | $2.0B | $1.9B | $1.9B | $1.9B | $1.9B |
Peer Comparison
Compare NEE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 NEEYou | $199B | 29.0 | 19.0 | — | 62.8% | 30.1% | 10.7% | 4.1% | 6.2 |
 DUK | $98B | 19.9 | 12.6 | — | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
 SO | $105B | 23.9 | 12.8 | — | 29.8% | 24.6% | 11.5% | 5.3% | 4.9 |
 D | $54B | 17.9 | 15.1 | — | 49.0% | 26.7% | 9.4% | 4.3% | 7.2 |
 AEP | $72B | 19.9 | 13.9 | — | 31.8% | 24.3% | 12.1% | 5.1% | 5.7 |
 EXC | $46B | 16.4 | 10.9 | — | 27.9% | 21.2% | 9.9% | 5.1% | 5.8 |
 SRE | $61B | 29.5 | — | 13.3 | 52.1% | — | 5.2% | — | — |
 XEL | $50B | 23.6 | 14.5 | — | 24.3% | 19.6% | 9.4% | 4.0% | 6.0 |
 CWEN | $8B | 27.1 | 16.3 | 21.4 | 15.2% | 12.3% | 2.9% | 0.9% | 9.6 |
 AES | $10B | 11.4 | 11.2 | — | 18.1% | 16.1% | 9.7% | 3.9% | 8.8 |
 BEP | $11B | -511.7 | 13.2 | — | 16.8% | 13.4% | -0.1% | 0.9% | 10.7 |
| Utilities Median | — | 19.7 | 11.5 | 15.4 | 40.7% | 19.8% | 9.4% | 4.9% | 5.0 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonNEE — Frequently Asked Questions
Quick answers to the most common questions about buying NEE stock.
What is NextEra Energy, Inc.'s P/E ratio?
NextEra Energy, Inc.'s current P/E ratio is 29.0x. The historical average is 19.9x. This places it at the 87th percentile of its historical range.
What is NextEra Energy, Inc.'s EV/EBITDA?
NextEra Energy, Inc.'s current EV/EBITDA is 19.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
What is NextEra Energy, Inc.'s ROE?
NextEra Energy, Inc.'s return on equity (ROE) is 10.7%. The historical average is 12.3%.
Is NEE stock overvalued?
Based on historical data, NextEra Energy, Inc. is trading at a P/E of 29.0x. This is at the 87th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is NextEra Energy, Inc.'s dividend yield?
NextEra Energy, Inc.'s current dividend yield is 2.35% with a payout ratio of 68.5%.
What are NextEra Energy, Inc.'s profit margins?
NextEra Energy, Inc. has 62.8% gross margin and 30.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does NextEra Energy, Inc. have?
NextEra Energy, Inc.'s Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.