Nextera Energy
NEE · NYSEElectric Services · Fiscal year ends Dec 31
Nextera Energy reported revenue of $25.8B in the fiscal year ended Dec 2025, up 9.8% from the year before. Operating income was $8.3B, an operating margin of 32.1%, and net income was $6.8B. Net debt was $90.2B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $18.8B | $23B | $24.8B | $23.5B | $25.8B |
| Operating income | $2.9B | $4.1B | $10.2B | $7.5B | $8.3B |
| Pre-tax income | $3.2B | $3.8B | $7.3B | $6B | $4.5B |
| Income tax | $348M | $586M | $1B | $339M | −$802M |
| Net income | $3.6B | $4.1B | $7.3B | $6.9B | $6.8B |
| Diluted EPS | 1.81 | 2.10 | 3.60 | 3.37 | 3.30 |
| Diluted shares | 1,972M | 1,979M | 2,031M | 2,059M | 2,071M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $639M | $1.6B | $2.7B | $1.5B | $2.8B |
| Receivables | $3.4B | $4.3B | $3.6B | $3.3B | $4B |
| Inventory | $1.6B | $1.9B | $2.1B | $2.2B | $2.4B |
| Current assets | $9.3B | $13.5B | $15.4B | $12B | $13.6B |
| Net PP&E | $99.3B | $111B | $126B | $139B | $156B |
| Goodwill | $4.8B | $4.9B | $5.1B | $4.9B | $4.8B |
| Total assets | $141B | $159B | $177B | $190B | $213B |
| Deferred revenue | $485M | $560M | $638M | $694M | $709M |
| Current liabilities | $17.4B | $26.7B | $28B | $25.4B | $22.8B |
| Short-term debt | $1.8B | $6.6B | $6.9B | $8.1B | $3.5B |
| Long-term debt | $51B | $55.3B | $61.4B | $72.4B | $89.6B |
| Total liabilities | $95.2B | $109B | $118B | $129B | $146B |
| Shareholders' equity | $37.2B | $39.2B | $47.5B | $50.1B | $54.6B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $7.6B | $8.3B | $11.3B | $13.3B | $12.5B |
| Depreciation & amortisation | $3.9B | $4.5B | $5.9B | $5.5B | $6.6B |
| Stock-based compensation | $119M | $142M | $139M | $138M | $185M |
| Dividends paid | $3B | $3.4B | $3.8B | $4.2B | $4.7B |
| Dividend per share | 1.54 | 1.70 | 1.87 | 2.06 | 2.27 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 22.3% | 7.8% | −5.2% | 9.8% |
| Operating income growth (YoY) | – | 40.1% | 150.8% | −26.9% | 10.7% |
| EPS growth (YoY) | – | 16.0% | 71.4% | −6.4% | −2.1% |
| Operating margin | 15.5% | 17.7% | 41.3% | 31.8% | 32.1% |
| Net margin | 19.0% | 18.0% | 29.5% | 29.6% | 26.5% |
| Return on equityBlank when equity is negative | 9.6% | 10.6% | 15.4% | 13.9% | 12.5% |
| ROCEEBIT ÷ (assets − current liabilities) | 2.4% | 3.1% | 6.8% | 4.5% | 4.4% |
| Cash conversion (CFO ÷ net income) | 2.11x | 1.99x | 1.55x | 1.91x | 1.83x |
| Receivable days | 66 | 69 | 53 | 52 | 57 |
| Debt ÷ equity | 1.42x | 1.58x | 1.44x | 1.61x | 1.70x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $52.1B | $60.3B | $65.6B | $79B | $90.2B |
| Current ratio | 0.53x | 0.51x | 0.55x | 0.47x | 0.60x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.