NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to over 6 million customer accounts in Florida and owns 36 gigawatts of generation.
It is a $161B utility company. Revenue grew 10.8% over the last year, it keeps 32¢ of every dollar of sales as profit, and it carries $88.7B of net debt. It trades at 17.4× earnings — in the cheapest third of its own history.
- Website
- nexteraenergy.com
- Location
- Juno Beach, FL
- Employees
- 17 400
- Sector
- Utilities
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability; Valuation, Health and Moat lag behind.
Valuation49
- P/E vs own history14th pct · 25/25
- FCF yield-10.3% · 0/25
- P/S5.6x · 12/25
- EV/EBITDA17.5x · 12/25
Growth60
- Revenue CAGR12.6% · 20/25
- Net income CAGR17.6% · 20/25
- EPS CAGR ~5Y17.4% · 20/25
- Fwd implied growth-5.6% · 0/25
Profitability75
- ROIC4.8% · 5/25
- ROE16.8% · 20/25
- Net margin32.4% · 25/25
- Operating margin29.8% · 25/25
Health15
- Altman Zn/a · 0/25
- Current ratio0.53 · 0/25
- Interest coverage2.0x · 10/25
- Net cash / debtD/A 42% · 5/25
Quality52
- Piotroski F5/9 · 15/25
- Beneish M-2.53 · 25/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 12.9% · 12/25
Moat25
- ROIC >12% years0/10 yrs · 0/25
- Median gross marginn/a · 0/25
- FCF-positive years0/5 yrs · 0/25
- Worst-year net marginworst 16.2% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2026MilestoneNextEra Energy, Inc. is an American energy company that is the world's largest electric utility holding company by…
- May 18, 2026AcquisitionNextEra announced that deal had been reached to acquire Dominion Energy in an all-stock transaction…
- FY2023FinancialBest year on record$7.31B net income
- 2019AcquisitionThe acquisition was completed in January 2019 and NEE merged Gulf Power with FPL in January 2022
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$16.2B in first reported year
- 2005AcquisitionFPL Group acquired Gexa Energy
- 1998ProductFPL Group created FPL Energy, a subsidiary to manage FPL Group efforts outside of FPL's service area
- 1985AcquisitionThe company purchased Colonial Penn in 1985 and sold it in 1991
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strongly profitable — 32.4% net margin
- Revenue growing 10.8% year over year
Watch-outs
- Negative free cash flow (-$16.6B)
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+10.8% YoY
- Profitable — makes more than it spends$9.30B TTM
- Profit growing — earnings are higher than last year+16.4% YoY
- Generates cash — cash left after running and investing-$16.6B TTM
- Debt under control — could handle its obligationscurrent ratio 0.53
- Established company — not a micro-cap — lower blow-up risk$161B market cap
- Not printing shares — share count not ballooning — you keep your slice+5.0% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 10/100
- Pays a dividend — returns cash to shareholdersyield 3.06%
- Valuation not extreme — price not wildly above earningsP/E 17.4
Peer comparisonNextEra Energy, Inc. vs 6 largest utilities peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| NEE this company | $161.3B | 17.4 | +10.8% | 32.4% | Strained |
| CEG Constellation Energy Corporation | $105.8B | 30.5 | +26.0% | 11.1% | Strained |
| SO The Southern Company | $99.1B | 21.3 | +6.4% | 15.4% | Strained |
| DUK Duke Energy Corporation | $90.9B | 17.3 | +6.3% | 15.8% | Strained |
| WMB Williams Companies Inc. | $89.2B | 29.0 | +8.7% | 25.2% | Strained |
| KMI Kinder Morgan, Inc. | $72.4B | 20.9 | +12.5% | 19.3% | Strained |
| ET Energy Transfer LP Common | $70.5B | 13.3 | +33.3% | 4.9% | Strained |
Head-to-head: NEE vs CEG · NEE vs SO · NEE vs DUK
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/NEE
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of NEE on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $77.35 · market cap $161B.