Nextera Energy Inc (NEE)

Utilities · Multi-Utilities · US stock · S&P 500 component

$81.90 ▲ +3.62 (4.62%)

At close 22 Oct 2026 · USD · Volume 17,552,805

Compare with ED

Interactive chart Research report Forecast ranges Pro workspace SEC filings Historical data

Fair valueFair

$86 +4.8% to fair value

$43fair band $73–$104$129

Day's range

$78.64 – $82.19

52-week range

$74.41 – $98.75

About Nextera Energy Inc

NextEra Energy is a Florida-based energy company with two main businesses. Florida Power & Light is a regulated electric utility serving millions of customers in Florida, and NextEra Energy Resources develops, owns and operates wind, solar, battery storage and natural gas generation across North America, supplying power under long-term contracts.

Revenue comes from regulated electricity charges in Florida and from contracted power supplied by its generation business. It totals $26.0 billion over the last twelve months, with growth of 3.9% a year across three years. The operating margin is 31.7%, and the business earns a profit of 5% on the capital invested in it. NextEra carries net debt of 6.7 times EBITDA, and the dividend yield is 3.0%. On the site's X-Ray Score it receives 45 out of 100.

Price chart

Interactive chart Historical data & CSV

52-wk range $74.41 – $98.75Volume 17,552,805Daily, split-adjusted

Vitals

Market cap$171.4B

52-week range$74.41 – $98.75

Volume (last day)17,552,805

P/E (TTM)20.8

EBIT / EV yield2.9%

Free-cash-flow yield–

Dividend yield3.0%

Revenue (TTM)$26.0B

Net income (TTM)$8.2B

Operating margin31.7%

Return on capital4.7%

Debt incl. leases$103.1B

Cash & securities$2.0B

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$86middle half of models $70 – $102

Fair +4.8% to fair value

Average of the 13 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.

Price $82

Undervalued < $73Fair $73 – $104Overvalued > $104

P/E multiple

$84

P/B multiple

$85

P/S multiple

$73

EV/EBITDA multiple

$75

EV/EBIT multiple

$70

EV/revenue multiple

$69

10-year DCF, EBITDA exit

$112

5-year DCF, EBITDA exit

$102

10-year DCF, revenue exit

$113

5-year DCF, revenue exit

$102

10-year DCF, growth exit

$59

5-year DCF, growth exit

$43

Dividend discount, stable

$130

Dividend discount, multi-stage · not used

$269

Earnings power value · not used

$29

Growth the price implies

15.8%/yr

A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.

What this means

Weak business, fairly priced

The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better 39 The price is not above fair value $86 fair value Debt looks manageable 6.7× EBITDA Revenue has been growing 3.9% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.

Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data

Valuation Weak

40/100

Expensive against its sector on earnings and cash flow.

See the numbers →

EBIT / EV yield2.9%

Fair value vs price1.0×

Growth Fair

54/100

Growing at a typical pace for its sector.

See the numbers →

Revenue growth (3y)3.9%

EPS growth (3y)16.3%

Growth consistency50%

Profitability Weak

31/100

Earns lower returns on its capital than most peers.

See the numbers →

Return on invested capital4.7%

Operating margin31.7%

Financial health Weak

46/100

Balance sheet is more stretched than most peers.

See the numbers →

Piotroski F-Score5 / 9

Net debt / EBITDA6.7×

Interest coverNo interest cost

Dividends Fair

66/100

Dividend is typical for its sector.

See the numbers →

Dividend yield3.0%

Dividend growth11.8%

Quarterly results: last 6 quarters

-5.4%

Dec '24

+11.1%

Mar '25

+6.7%

Jun '25

+10.4%

Sep '25

+15.1%

Dec '25

+1.7%

Mar '26

Revenue against the same quarter a year earlier. Latest quarter revenue $6.1B, diluted EPS $1.04.

Compare with peers

ED Consolidated Edison In...70 NI Nisource Inc.54 AEE Ameren Corp54 DTB Dte Energy Co54

Other Multi-Utilities companies by X-Ray Score.

SWOT analysis: Nextera Energy Inc

Strengthsinside the company

Operating margin of 31.7% is well above the 21.6% median of industry peers, a sign of pricing power or lower costs.
Earnings per share have compounded at 16.3% a year over three years.
Operating profit covers interest 50x, so debt costs are a small drag.

Weaknessesinside the company

Return on invested capital is only 4.7% (median 4.9% for industry peers), so the business earns little above its cost of capital.
Net debt is 6.7x EBITDA, above the 3x level that lenders usually watch.
Altman Z-score of 0.8 is in the zone linked with financial distress in past studies.

Opportunitiesvaluation and setting

Revenue growth picked up to 9.8% last year from 3.9% a year over three years.

Threatsvaluation and setting

Heavy debt makes profits sensitive to interest rates and refinancing conditions.
Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
Our Market Compass rates the backdrop for Utilities as unfavourable.

Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.

Compare NEE with peers and sector

Medians of 11 Multi-Utilities peers and of 30 Utilities stocks in our universe. Largest peers (X-Ray Score): D 53, SRE 33, XEL 27, ED 70, AEE 54, PCG 39.

Metric	NEE	Peers	Sector
X-Ray Score (out of 100)	45	46	51
Valuation	40	51	50
Growth	54	50	53
Profitability	31	41	50
Financial health	46	47	52
Dividends	66	48	53

Sector leaders: highest X-Ray Score in Utilities

NEE ranks #21 of 31 in Utilities and #7 of 12 in Multi-Utilities by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.

Company	X-Ray Score
#1 EIX Edison International	71
#2 ED Consolidated Edison Inc	70
#3 ES Eversource Energy	65
#4 AWK American Water Works Compa...	62
#5 EXC Exelon Corp	62
…
#21 NEE Nextera Energy Inc (this stock)	45

Metric	NEE	Peers	Sector
P/E ratio	20.9x	22.2x	21.9x
PEG ratio	1.29	4.23	2.99
Price / book	3.1x	2.0x	2.1x
Price / sales	6.6x	2.7x	2.9x
EV / EBITDA	18.8x	13.7x	13.8x
Price / free cash flow	–	–	71.7x
Dividend yield	3.0%	3.0%	3.1%
Gap to our fair value	+4.8%	+3.8%	−1.1%

Metric	NEE	Peers	Sector
Price change, 1 month	+3.3%	+8.9%	+7.2%
Price change, 3 months	−7.7%	−5.1%	−4.3%
Price change, 6 months	−7.6%	−1.1%	−0.6%
Price change, 1 year	+1.7%	+1.7%	+0.7%

Metric	NEE	Peers	Sector
Market value	$171.4B	$29.7B	$29.6B
Revenue (last 12 months)	$26.0B	$10.4B	$13.3B
EBITDA (last 12 months)	$15.1B	$4.0B	$3.9B
Net income (last 12 months)	$8.2B	$1.1B	$1.5B
Free cash flow (last 12 months)	–	−$2.7B	−$1.5B

Metric	NEE	Peers	Sector
Revenue growth, last year	+9.8%	+9.2%	+9.5%
Revenue growth, 3 years a year	+3.9%	+3.1%	+3.3%
EPS growth, 3 years a year	+16.3%	+6.6%	+7.7%
Dividend growth	+11.8%	+8.0%	+6.7%

Metric	NEE	Peers	Sector
Gross margin	–	–	75.8%
EBITDA margin	58.0%	39.0%	37.8%
Operating margin	31.7%	21.6%	22.8%
Net margin	31.5%	11.7%	14.3%
Return on invested capital	4.7%	4.9%	5.5%
Return on equity	14.8%	9.4%	9.9%

Metric	NEE	Peers	Sector
Net debt / EBITDA	6.7x	6.2x	5.7x
Interest cover	50.0x	2.3x	2.4x
Current ratio	0.5x	0.9x	0.8x
Piotroski F-score (0 to 9)	5	6	6

Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.

Factor ratings for NEE

Each factor is rated by where NEE stands among the 31 Utilities stocks in our universe.

Rating against the sector

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set today's figure against the company's own median of its last five financial years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.

In total: 6 Good · 3 Average · 10 Bad of 19 Growth: 1 · 2 · 0 Profitability: 3 · 0 · 1 Financial strength: 1 · 0 · 3 Valuation: 0 · 1 · 3 Cash flow: 1 · 0 · 2 Efficiency: 0 · 0 · 1

Factor	NEE	Rating	Sector median	Own 5-year median	Against own history
Growth
Revenue growth, 3 years a year	+3.9%	Average beats 65%	+3.4%	–	–
Revenue growth, last year	+9.8%	Average beats 58%	+9.6%	+9.8%	≈ In line
EPS growth, 3 years a year	+16.3%	Good beats 80%	+8.1%	–	–
Profitability
Operating margin	31.7%	Good beats 88%	22.9%	31.8%	≈ In line
Net margin	31.5%	Good beats 95%	14.4%	26.5%	▲ Better
Return on invested capital	4.7%	Bad beats 18%	5.5%	–	–
Return on equity	14.8%	Good beats 85%	10.1%	12.5%	▲ Better
Financial strength
Net debt / EBITDA	6.7x	Bad beats 25%	5.8x	6.2x	≈ In line
Interest cover	50.0x	Good beats 94%	2.5x	–	–
Current ratio	0.54	Bad beats 24%	0.78	0.53	≈ In line
Piotroski F-score	5 / 9	Bad beats 32%	6 / 9	–	–
Valuation
P/E ratio	20.9x	Average beats 63%	21.8x	24.3x	▲ Better
Price / book	3.1x	Bad beats 8%	2.1x	3.0x	≈ In line
Price / sales	6.6x	Bad beats 5%	2.9x	6.4x	≈ In line
EV / EBITDA	18.8x	Bad beats 15%	14.0x	17.6x	≈ In line
Cash flow
Free cash flow margin	47.4%	Good beats 95%	-9.1%	45.6%	≈ In line
Cash from operations / net income	1.51	Bad beats 8%	2.20	1.91	▼ Worse
Accruals (lower is better)	−1.9%	Bad beats 11%	−3.3%	–	–
Efficiency
Days sales outstanding	58 days	Bad beats 10%	44 days	57 days	≈ In line

These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.

Fundamentals checklist

● 3 Good · ● 3 Average · ● 7 Bad

Cash quality

Earnings backed by cashBad

Risk models

Altman Z''Average

Piotroski F-ScoreBad

Growth

EPS growth (3y)Good

Revenue growth (3y)Average

Growth consistencyBad

Balance sheet

Current ratioBad

Net debt / EBITDABad

Interest coverGood

Valuation

Fair value vs priceAverage

EBIT / EV yieldBad

Profitability

Return on invested capitalBad

Operating marginGood

Each check is graded against the company's sector, not a fixed number. Checklist score 41/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$18.8B	$23.0B	$24.8B	$23.5B	$25.8B
Operating income	$2.9B	$4.1B	$10.2B	$7.5B	$8.3B
Net income	$3.6B	$4.1B	$7.3B	$6.9B	$6.8B
Operating cash flow	$7.6B	$8.3B	$11.3B	$13.3B	$12.5B
Operating margin	15.5%	17.7%	41.3%	31.8%	32.1%
Free cash flow	–	–	–	–	–
Diluted EPS	$1.81	$2.10	$3.60	$3.37	$3.30

Fiscal years, from SEC filings.

Technical summary

Daily

Neutral

7 bullish · 1 neutral · 8 bearish

Weekly

Neutral

5 bullish · 1 neutral · 6 bearish

Monthly

Bullish

5 bullish · 1 neutral · 2 bearish

Moving averages (daily)

SMA 10	78.85	Bullish
EMA 10	79.00	Bullish
SMA 20	77.67	Bullish
EMA 20	78.76	Bullish
SMA 50	80.54	Bullish
EMA 50	80.37	Bullish
SMA 100	83.47	Bearish
EMA 100	82.56	Bearish
SMA 200	86.28	Bearish
EMA 200	83.16	Bearish

Oscillators (daily)

RSI (14)	62.31	Neutral
MACD (12, 26)	-0.11	Bearish
Momentum (12)	5.16	Bullish
Stochastic %K (14)	95.40	Bearish
Williams %R (14)	-4.60	Bearish
CCI (20)	185.4	Bearish

Pivot points (classic, last session)

76.08

77.36

79.63

Pivot

80.91

83.18

84.46

86.73

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

Dividends

Paid, last 12 months

2.44 USD

Yield on today's price

2.97%

Frequency

Quarterly

Next ex-dividend date

Not announced

Ex-dividend date	Amount per share
28 Aug 2026	0.6232
5 Jun 2026	0.6232
27 Feb 2026	0.6232
21 Nov 2025	0.5665
28 Aug 2025	0.5665
2 Jun 2025	0.5665
28 Feb 2025	0.5665
22 Nov 2024	0.5150
30 Aug 2024	0.5150
3 Jun 2024	0.5150
26 Feb 2024	0.5150
22 Nov 2023	0.4675

Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.

ETFs that hold NEE

ETF	Share of the fund
XLU Utilities Select Sector SPDR	12.89%
FUTY Fidelity MSCI Utilities Index	11.81%
VPU Vanguard Utilities	11.79%
IDU iShares U.S. Utilities	11.20%
IGF iShares Global Infrastructure	4.79%
IFRA iShares U.S. Infrastructure	3.97%
GQGU The Advisors’ Inner Circle Fund III	1.94%
JEPI JPMorgan Equity Premium Income	1.48%

The eight funds with the largest weight in NEE among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.