30 years of historical data (1996–2025) · Utilities · Regulated Electric
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NextEra Energy, Inc. trades at 28.5x earnings, 7% 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 21.0x, the stock trades at a premium of 36%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $195.3B | $167.7B | $147.6B | $123.4B | $165.4B | $184.1B | $151.9B | $117.6B | $83.1B | $73.9B | $55.7B |
| Enterprise Value | $288.1B | $260.5B | $228.5B | $193.9B | $228.8B | $238.3B | $198.9B | $159.6B | $120.2B | $107.2B | $85.2B |
| P/E Ratio → | 28.50 | 24.40 | 21.27 | 16.87 | 39.89 | 51.53 | 52.13 | 31.21 | 12.52 | 13.75 | 19.15 |
| P/S Ratio | 7.11 | 6.10 | 5.96 | 4.39 | 7.89 | 10.79 | 8.44 | 6.12 | 4.97 | 4.30 | 3.45 |
| P/B Ratio | 2.95 | 2.52 | 2.43 | 2.09 | 3.35 | 4.03 | 3.38 | 2.84 | 2.22 | 2.50 | 2.20 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 15.64 | 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
Enterprise-value multiples — capital-structure-neutral measures of total business value
NextEra Energy, Inc.'s enterprise value stands at 18.8x EBITDA, 11% below its 5-year average of 21.1x. The Utilities sector median is 9.4x, placing the stock at a 100% 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 | 18.78 | 16.98 | 17.25 | 11.83 | 25.79 | 33.44 | 21.09 | 16.23 | 14.26 | 13.73 | 10.81 |
| EV / EBIT | 34.79 | 28.62 | 27.62 | 18.27 | 51.79 | 53.61 | 45.58 | 26.22 | 13.58 | 17.24 | 15.56 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
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 21.0%. 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.
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% |
| 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% |
Solvency and debt-coverage ratios — lower is generally safer
NextEra Energy, Inc. carries a Debt/EBITDA ratio of 6.2x, which is highly leveraged (47% above the sector average of 4.2x). Net debt stands at $92.8B ($95.6B total debt minus $2.8B cash). Interest coverage of just 1.8x 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 | 1.81 | 1.81 | 3.35 | 3.08 | 6.98 | 2.29 | 2.62 | 2.38 | 2.86 | 3.32 | 4.06 |
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 | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NextEra Energy, Inc. returns 2.4% 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 3.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 2.4% | 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% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.5% | 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 | 2.4% | 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 |
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonNextEra Energy, Inc.'s current P/E ratio is 28.5x. The historical average is 19.9x. This places it at the 87th percentile of its historical range.
NextEra Energy, Inc.'s current EV/EBITDA is 18.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
NextEra Energy, Inc.'s return on equity (ROE) is 10.7%. The historical average is 12.3%.
Based on historical data, NextEra Energy, Inc. is trading at a P/E of 28.5x. This is at the 87th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
NextEra Energy, Inc.'s current dividend yield is 2.39% with a payout ratio of 68.5%.
NextEra Energy, Inc. has 62.8% gross margin and 30.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
NextEra Energy, Inc.'s Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.