Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

NextEra Energy

NEE stock analysis · Utilities · Multi-Utilities

FY 2025-12-31ANNUAL FILINGS
Compare ⇄
ⓘ These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$87.77HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$183B

Price × SEC outstanding shares. Shares measured 2026-03-31. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

— Requires positive annual FCF, usable shares and discount rate above terminal growth.

Requires positive annual FCF, usable shares and discount rate above terminal growth.

How this is calculated ↗
Valuation

Reverse DCF

— No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

How this is calculated ↗
Valuation

Relative valuation

-18.9%

11 industry peers · median 21.7×

How this is calculated ↗
Valuation

Historical multiples

30.1×

7 annual observations · snapshot P/E 26.8× · -10.9% versus history

How this is calculated ↗
Valuation

Free cash flow yield

— Operating cash flow or capital expenditure is missing.

Operating cash flow or capital expenditure is missing.

How this is calculated ↗
Quality

ROIC / quality

4.4%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

— Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

— Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

11.9%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

— Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-3.6%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

0.7%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 13.3B2020-12-31: cfo $7,983,000,000.0020202021-12-31: cfo $7,553,000,000.0020212022-12-31: cfo $8,262,000,000.0020222023-12-31: cfo $11,301,000,000.0020232024-12-31: cfo $13,260,000,000.0020242025-12-31: cfo $12,485,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%———
10.0%———
12.0%———

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3125.8B5.3B12.5B—212.7B
2024-12-3123.5B5.7B13.3B—190.1B
2023-12-3124.8B6.3B11.3B—177.5B
2022-12-3123B3.2B8.3B—158.9B
2021-12-3118.8B2.8B7.6B—140.9B
2020-12-3117B2.4B8B—127.7B
2019-12-3117.5B3.4B8.2B—117.7B
2018-12-3115.4B5.8B6.6B—103.7B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue25.8BRevenueFromContractWithCustomerIncludingAssessedTax2026-02-13
netIncome5.3BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-13
Parent/common earnings proxy6.8BNetIncomeLoss2026-02-13
cfo12.5BNetCashProvidedByUsedInOperatingActivities2026-02-13
capex—Not reported under a supported tag—
operatingIncome8.3BOperatingIncomeLoss2026-02-13
assets212.7BAssets2026-02-13
equity66.5BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-13
Parent book equity proxy54.6BStockholdersEquity2026-02-13
debt93.1BLongTermDebtCurrent + LongTermDebtNoncurrent2026-02-13
shortDebt—Not reported under a supported tag—
cash2.8BCashAndCashEquivalentsAtCarryingValue2026-02-13
shares2.1BWeightedAverageNumberOfDilutedSharesOutstanding2026-02-13
dividends4.7BPaymentsOfDividends2026-02-13
buybacks—Not reported under a supported tag—
issuance2BProceedsFromIssuanceOfCommonStock2026-02-13