NextEra Energy, Inc.

NEE Utilities Utilities Regulated Electric

NextEra Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $27.4 billion, up 10.7% from fiscal 2024.

Revenue
+1.56%
EPS
+93.2%
Free cash flow
−86.3%
Total debt
+22.3%

Quarter to September 2026, against a year earlier

88.20 0.25 −0.28%
Market cap
$185.1B
P/E
15.9×
Fwd P/E
20.5×
Dividend yield
2.76%
F-score
6/9
Altman Z
1.12
Beneish M
−2.44
Dividend safety
35/100

NextEra Energy, Inc. (NEE) Free cash flow margin

Alert me on Free cash flow margin

NextEra Energy, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was −62.5%, down 18.3 percentage points from fiscal 2025 (−44.2%). Over the past ten years it has ranged from −52.6% (fiscal 2022) to 17.3% (fiscal 2016); the current reading is higher than 45% of that period. That is below the Utilities Regulated Electric industry median of −11.7% and below the Utilities sector median of −9.94%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 −44.2% 2.11
FY2024 −46.3% 2.80
FY2023 −49.1% 3.46
FY2022 −52.6% (2.65)
FY2021 −49.9% (18.74)
FY2020 −31.2% 10.41
FY2019 −41.6% (55.52)
FY2018 13.9% 6.74
FY2017 7.17% (10.10)
FY2016 17.3% 30.06

Against its own ten years

Low −52.6% High 17.3%
Ten-year median −41.6%
Current reading's percentile 45

Free cash flow margin against peers

Company Free cash flow margin
SO Southern Company (The) compare 33.6%
NGG National Grid Transco, PLC compare 0.00%
EXC Exelon Corporation compare −9.96%
DUK Duke Energy Corporation compare −15.3%
AEP American Electric Power Company, Inc. compare −17.3%
ETR Entergy Corporation compare −26.2%
D Dominion Energy Inc. compare −32.7%
XEL Xcel Energy Inc. compare −51.2%
NEE NextEra Energy, Inc. −62.5%
Utilities Regulated Electric industry median −11.7%
Utilities sector median −9.94%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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