NextEra Energy (NEE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NextEra Energy

NYSE•Utilities•Utilities - Regulated Electric

$83.71+1.57(0.02%)Market closed

Market Cap

$176.18B

P/E

15.1x

P/S

6.5x

P/B

2.9x

NextEra Energy, Inc., through its subsidiaries, generates, stores, transmits, distributes, and sells electric power to retail and wholesale customers in North America. It operates through Florida Power & Light Company (FPL) and NEER segments. The company generates electricity from wind, solar, nuclear, natural gas, and other clean energy assets. It also invests in generation, storage, transmission, and distribution facilities; owns, develops, constructs, manages, and operates generation facilities, including renewables, nuclear and natural gas, and battery storage facilities in the wholesale energy market in the United States and Canada, as well as electric and gas transmission assets, and natural gas pipelines; provides full energy and capacity requirement services; markets and trades in energy-related commodities; and participates in the production of natural gas, natural gas liquids, and oil. As of December 31, 2025, the company had approximately 35,963 megawatts of net generating capacity; approximately 93,000 circuit miles of transmission and distribution lines; and 932 substations. It serves approximately 12 million people through approximately 6 million customer accounts on the east and lower west coasts of Florida. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010. NextEra Energy, Inc. was founded in 1925 and is headquartered in Juno Beach, Florida.

How this company scores

AverageMetricSide Score: 56/100

Strongest: Profitability (22/25); weakest: Cash & Earnings Quality (2/25).

Profitability22/25

Growth20/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality2/25

Strengths

Strong marginsHigh ROERising earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 15.1x5y range 15.1x – 115.4x

Currently below its 20-quarter median.

P/S · 6.5x5y range 4.7x – 9.7x

Currently near its 20-quarter median.

P/B · 2.9x5y range 2.5x – 4.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Red Flag

The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Price & Volume

Market Cap $176.18B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $26.90B
Q. Revenue: $8.10B
TTM EBITDA: $8.66B
TTM Op. Income: $8.66B
Q. Op. Income: $2.62B
TTM Net Income: $11.64B
Q. Net Income: $4.78B
EPS: $2.29
Shares Out.: $2.09B

$26.90B in TTM revenue grew 6.7% YoY, reaching $8.10B last quarter. TTM EBITDA of $8.66B and TTM operating income of $8.66B show growth is flowing through to the bottom line. TTM net income of $11.64B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 32.4%
Op. Margin: 32.4%
Net Margin: 59.0%

Op. margin of 32.4% is down 1.8% YoY — costs are rising relative to revenue. Net margin at 59.0% Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 15.1x
P/S Ratio: 6.5x
P/B Ratio: 2.9x

At 15.1x P/E, the stock trades within typical market levels. P/S of 6.5x and P/B of 2.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $245.05B
Cash: $5.58B
Long-Term Debt: $97.13B
Book Value: $61.50B
D/E Ratio: 1.6
Debt/EBITDA: 37.0

With $245.05B in assets and $97.13B in long-term debt, D/E is 1.6and book value is $61.50B — moderate leverage. Over the past year, debt/equity is up 2% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $5.05B
TTM Free Cash Flow: $-18.01B
FCF Margin: -67.0%
FCF / Net Income: -1.5

TTM FCF of $-18.01B on $5.05B in operating cash flow. The FCF / Net Income ratio of -1.5x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 3 consecutive quarters — a weakening trend.