Nextera Energy (NEE) financial statements
Nextera Energy reported revenue of $27.4B in fiscal 2025, up 6.1% a year over 9 years.
Net income was $6.8B and the operating margin 30.2%, against 27.6% in 2016.
Free cash flow was $3.8B, and the company returned $4.7B in dividends.
The diluted share count rose 11% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Nextera Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.1B | $17.2B | $16.7B | $19.2B | $18.0B | $17.1B | $21.0B | $28.1B | $24.8B | $27.4B |
| Operating income | $4.5B | $5.2B | $4.3B | $5.4B | $5.1B | $2.9B | $4.1B | $10.2B | $7.5B | $8.3B |
| Pre-tax income | $4.4B | $4.7B | $7.4B | $3.8B | $2.4B | $3.2B | $3.8B | $7.3B | $6.0B | $4.5B |
| Income tax | $1.4B | -$660M | $1.6B | $448M | $44M | $348M | $586M | $1.0B | $339M | -$802M |
| Net income | $2.9B | $5.4B | $6.6B | $3.8B | $2.9B | $3.6B | $4.1B | $7.3B | $6.9B | $6.8B |
| EPS (diluted) | $1.56 | $2.85 | $3.47 | $1.94 | $1.48 | $1.81 | $2.10 | $3.60 | $3.37 | $3.30 |
| Diluted shares | 1.86B | 1.89B | 1.91B | 1.94B | 1.97B | 1.97B | 1.98B | 2.03B | 2.06B | 2.07B |
| Operating margin | 27.6% | 30.1% | 25.6% | 27.9% | 28.4% | 17.1% | 19.5% | 36.4% | 30.2% | 30.2% |
| Net margin | 18.0% | 31.3% | 39.7% | 19.6% | 16.2% | 20.9% | 19.8% | 26.0% | 28.1% | 24.9% |
Balance sheet
Fiscal years, from Nextera Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.3B | $1.7B | $638M | $600M | $1.1B | $639M | $1.6B | $2.7B | $1.5B | $2.8B |
| Receivables | $1.8B | $2.2B | $2.3B | $2.3B | $2.3B | $3.4B | $4.3B | $3.6B | $3.3B | $4.0B |
| Inventory | $1.3B | $1.3B | $1.2B | $1.3B | $1.6B | $1.6B | $1.9B | $2.1B | $2.2B | $2.4B |
| Total current assets | $7.4B | $7.2B | $6.4B | $7.4B | $7.4B | $9.3B | $13.5B | $15.4B | $12.0B | $13.6B |
| Property, plant and equipment | $66.9B | $72.3B | $70.3B | $82.0B | $91.8B | $99.3B | $111.1B | $125.8B | $138.9B | $156.2B |
| Goodwill | $779M | $764M | $891M | $4.2B | $4.3B | $4.8B | $4.9B | $5.1B | $4.9B | $4.8B |
| Total assets | $90.5B | $98.0B | $103.7B | $117.7B | $127.7B | $140.9B | $158.9B | $177.5B | $190.1B | $212.7B |
| Total current liabilities | $10.9B | $11.2B | $17.6B | $13.9B | $15.6B | $17.4B | $26.7B | $28.0B | $25.4B | $22.8B |
| Long-term debt | $27.8B | $31.4B | $26.8B | $37.5B | $41.9B | $51.0B | $55.3B | $61.4B | $72.4B | $89.6B |
| Total liabilities | $64.6B | $68.4B | $66.3B | $75.8B | $82.8B | $95.2B | $109.5B | $118.5B | $129.3B | $146.2B |
| Shareholders' equity | $24.3B | $28.2B | $34.1B | $37.0B | $36.5B | $37.2B | $39.2B | $47.5B | $50.1B | $54.6B |
| Net debt | $29.1B | $31.4B | $28.9B | $39.1B | $45.0B | $52.1B | $60.3B | $65.6B | $79.0B | $90.2B |
Cash flow
Fiscal years, from Nextera Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6.4B | $6.5B | $6.6B | $8.2B | $8.0B | $7.6B | $8.3B | $11.3B | $13.3B | $12.5B |
| Capital spending | $3.8B | $5.2B | $5.0B | $5.6B | $7.5B | $7.4B | $9.1B | $9.3B | $8.0B | $8.7B |
| Free cash flow | $2.6B | $1.3B | $1.6B | $2.6B | $494M | $145M | -$805M | $2.0B | $5.3B | $3.8B |
| Stock-based compensation | $77M | $76M | $82M | $100M | $107M | $119M | $142M | $139M | $138M | $185M |
| Dividends paid | $1.6B | $1.8B | $2.1B | $2.4B | $2.7B | $3.0B | $3.4B | $3.8B | $4.2B | $4.7B |
| Net borrowing | $2.2B | $3.0B | $2.4B | $8.2B | $5.3B | $6.9B | $9.7B | $8.8B | $11.7B | $13.3B |
| Free cash flow margin | 16.1% | 7.5% | 9.5% | 13.5% | 2.7% | 0.8% | -3.8% | 7.1% | 21.3% | 13.7% |
| Dividends per share | $0.87 | $0.98 | $1.10 | $1.24 | $1.39 | $1.53 | $1.69 | $1.86 | $2.06 | $2.26 |
Questions
What was Nextera Energy's revenue in 2025?
$27.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Nextera Energy generate?
$3.8B in fiscal 2025 (operating cash flow minus capital spending).
From Nextera Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.