NextEra Energy, Inc. (NEE) Key Metrics
NEE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $166.46B
- Enterprise value
- $267.99B
- P/E (TTM)
- 17.9 10-yr median 22.9
- Forward P/E
- 17.7
- PEG ratio
- 1.55
- Price / sales
- 5.8 10-yr median 6.0
- Price / book
- 2.8 10-yr median 3.0
- EV / EBITDA
- 15.1 10-yr median 15.7
- Dividend yield
- 3.12% $2.49 a year
- Beta
- 0.64
NEE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNEE valuation Price multiples at each fiscal year-end price.
NEE returns How much profit the business earns on the capital it uses.
NEE per-share figures Results divided by the shares outstanding at year-end.
NEE financial health Debt, liquidity and how easily interest is covered.
NEE efficiency & capital use Working capital cycle and where the cash goes.
NEE valuation history
NEE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NEE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NEE cash returned to shareholders
NEE price vs earnings per share
NEE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $167.70B | $147.61B | $123.35B | $165.41B | $184.12B | $151.89B | $117.57B | $83.09B | $73.88B | $55.67B |
| Enterprise value | $260.51B | $228.46B | $193.87B | $228.78B | $238.31B | $198.88B | $159.55B | $120.16B | $107.24B | $85.22B |
| P/E ratio | 24.5 | 21.3 | 16.9 | 39.9 | 51.5 | 52.0 | 31.2 | 12.5 | 13.7 | 19.1 |
| Price / sales | 6.1 | 6.0 | 4.4 | 7.9 | 10.8 | 8.4 | 6.1 | 5.0 | 4.3 | 3.4 |
| Price / book | 3.1 | 2.9 | 2.6 | 4.2 | 4.9 | 4.2 | 3.2 | 2.4 | 2.6 | 2.3 |
| Price / free cash flow | 52.2 | 31.1 | 70.4 | — | — | 678.1 | — | 142.5 | 76.3 | 26.6 |
| Price / operating cash flow | 13.4 | 11.1 | 10.9 | 20.0 | 24.4 | 19.0 | 14.4 | 12.6 | 11.4 | 8.7 |
| EV / sales | 9.5 | 9.2 | 6.9 | 10.9 | 14.0 | 11.1 | 8.3 | 7.2 | 6.2 | 5.3 |
| EV / EBITDA | 16.2 | 16.3 | 11.6 | 25.6 | 29.4 | 22.9 | 15.1 | 9.2 | 12.1 | 9.6 |
| EV / free cash flow | 81.1 | 48.1 | 110.6 | — | — | 887.9 | — | 206.1 | 110.8 | 40.7 |
| Earnings yield | 4.1% | 4.7% | 5.9% | 2.5% | 1.9% | 1.9% | 3.2% | 8.0% | 7.3% | 5.2% |
| Free cash flow yield | 1.9% | 3.2% | 1.4% | −0.9% | −0.2% | 0.1% | −2.5% | 0.7% | 1.3% | 3.8% |
| Dividend yield | 2.8% | 2.9% | 3.1% | 2.0% | 1.6% | 1.8% | 2.0% | 2.5% | 2.5% | 2.9% |
| Shareholder yield (dividends + buybacks) | 2.8% | 2.9% | 3.1% | 2.0% | 1.6% | 1.9% | 2.0% | 2.5% | 2.5% | 2.9% |
| Share price at fiscal year-end | $80.28 | $71.69 | $60.74 | $83.60 | $93.36 | $77.15 | $60.54 | $43.45 | $39.05 | $29.86 |
| Per share | ||||||||||
| Revenue per share | $13.15 | $12.02 | $13.84 | $10.59 | $8.65 | $9.14 | $9.89 | $8.75 | $9.08 | $8.66 |
| Earnings per share | $3.27 | $3.37 | $3.60 | $2.10 | $1.81 | $1.48 | $1.94 | $3.47 | $2.84 | $1.56 |
| Operating cash flow per share | $5.98 | $6.44 | $5.56 | $4.18 | $3.83 | $4.05 | $4.20 | $3.45 | $3.41 | $3.42 |
| Free cash flow per share | $1.54 | $2.31 | $0.86 | −$0.75 | −$0.14 | $0.11 | −$1.50 | $0.30 | $0.51 | $1.12 |
| Cash per share | $1.35 | $0.72 | $1.32 | $0.81 | $0.32 | $0.56 | $0.31 | $0.33 | $0.91 | $0.69 |
| Book value per share | $26.14 | $24.33 | $23.37 | $19.83 | $18.86 | $18.55 | $19.06 | $17.86 | $14.91 | $13.06 |
| Tangible book value per share | $22.06 | $21.14 | $20.03 | $16.99 | $16.03 | $16.03 | $16.61 | $17.02 | $13.83 | $11.97 |
| Dividends per share | $2.24 | $2.06 | $1.86 | $1.69 | $1.53 | $1.39 | $1.24 | $1.10 | $0.98 | $0.86 |
| Capex per share | $4.44 | $4.14 | $4.70 | $4.92 | $3.97 | $3.94 | $5.70 | $3.14 | $2.88 | $2.27 |
| Debt per share | $45.77 | $39.99 | $36.05 | $32.83 | $27.80 | $24.43 | $21.93 | $19.72 | $18.54 | $16.55 |
| Shares outstanding | 2.09B | 2.06B | 2.03B | 1.98B | 1.97B | 1.97B | 1.94B | 1.91B | 1.89B | 1.86B |
| Change in shares outstanding | +1.5% | +1.4% | +2.6% | +0.3% | +0.2% | +1.4% | +1.6% | +1.1% | +1.5% | +1.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.1% | 14.2% | 16.9% | 10.9% | 9.7% | 7.9% | 10.6% | 21.3% | 20.5% | 12.4% |
| Return on invested capital (ROIC) | 5.9% | 5.7% | 8.0% | 3.6% | 4.0% | 6.2% | 6.3% | 5.1% | 9.0% | 5.8% |
| Return on assets (ROA) | 3.4% | 3.8% | 4.3% | 2.8% | 2.7% | 2.4% | 3.4% | 6.6% | 5.7% | 3.4% |
| Return on tangible assets | 3.3% | 3.8% | 4.3% | 2.7% | 2.6% | 2.4% | 3.3% | 6.5% | 5.6% | 3.3% |
| Free cash flow margin | 11.7% | 19.2% | 6.2% | −7.1% | −1.6% | 1.2% | −15.2% | 3.5% | 5.6% | 13.0% |
| Income quality (OCF / net income) | 1.83 | 1.91 | 1.55 | 1.99 | 2.11 | 2.73 | 2.16 | 0.99 | 1.20 | 2.19 |
| Financial health | ||||||||||
| Total debt | $95.62B | $82.33B | $73.21B | $64.97B | $54.83B | $48.09B | $42.58B | $37.71B | $35.08B | $30.84B |
| Cash & short-term investments | $2.81B | $1.49B | $2.69B | $1.60B | $639.0M | $1.10B | $600.0M | $638.0M | $1.71B | $1.29B |
| Net debt | $92.81B | $80.85B | $70.52B | $63.37B | $54.19B | $46.99B | $41.98B | $37.07B | $33.37B | $29.55B |
| Debt / equity | 1.75 | 1.64 | 1.54 | 1.66 | 1.47 | 1.32 | 1.15 | 1.10 | 1.24 | 1.27 |
| Debt / assets | 0.45 | 0.43 | 0.41 | 0.41 | 0.39 | 0.38 | 0.36 | 0.36 | 0.36 | 0.34 |
| Net debt / EBITDA | 5.78 | 5.76 | 4.21 | 7.08 | 6.69 | 5.41 | 3.97 | 2.85 | 3.77 | 3.32 |
| Current ratio | 0.60 | 0.47 | 0.55 | 0.51 | 0.53 | 0.47 | 0.53 | 0.36 | 0.64 | 0.68 |
| Quick ratio | 0.49 | 0.38 | 0.47 | 0.43 | 0.44 | 0.37 | 0.44 | 0.29 | 0.52 | 0.56 |
| Interest coverage | 1.8 | 3.3 | 3.1 | 7.0 | 3.1 | 2.6 | 2.4 | 2.9 | 3.3 | 4.1 |
| Working capital | −$9.23B | −$13.40B | −$12.60B | −$13.21B | −$8.15B | −$8.18B | −$6.45B | −$11.17B | −$4.08B | −$3.51B |
| Invested capital | $147.41B | $130.95B | $117.99B | $102.59B | $91.39B | $83.50B | $78.99B | $71.22B | $61.58B | $53.89B |
| Tangible asset value | $57.96B | $54.28B | $52.24B | $43.82B | $40.08B | $39.98B | $36.60B | $35.81B | $27.45B | $23.30B |
| Net current asset value | −$132.66B | −$117.33B | −$103.10B | −$96.01B | −$85.95B | −$75.37B | −$68.92B | −$59.90B | −$61.17B | −$57.25B |
| Graham number | $43.87 | $42.98 | $43.51 | $30.58 | $27.73 | $24.87 | $28.85 | $37.35 | $30.88 | $21.42 |
| Graham net-net per share | −$66.02 | −$59.79 | −$54.26 | −$51.99 | −$46.01 | −$39.94 | −$37.57 | −$32.85 | −$33.79 | −$32.67 |
| Capital allocation | ||||||||||
| Dividends paid | $4.68B | $4.24B | $3.78B | $3.35B | $3.02B | $2.74B | $2.41B | $2.10B | $1.84B | $1.61B |
| Share buybacks (net) | $0 | $0 | $0 | $0 | $0 | $92.0M | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 68.5% | 61.0% | 51.7% | 80.8% | 84.6% | 94.0% | 63.9% | 31.7% | 34.3% | 55.4% |
| Dividends + buybacks / free cash flow | 145.7% | 89.2% | 215.7% | — | — | — | — | 360.4% | 190.6% | 76.9% |
| Capex / revenue | 33.8% | 34.4% | 34.0% | 46.5% | 45.9% | 43.1% | 57.7% | 35.9% | 31.7% | 26.3% |
| Capex / operating cash flow | 74.3% | 64.2% | 84.5% | 117.9% | 103.7% | 97.2% | 135.8% | 91.2% | 84.3% | 66.6% |
| Capex / depreciation | 1.34 | 1.48 | 1.55 | 2.03 | 1.86 | 1.80 | 2.47 | 1.45 | 2.06 | 1.24 |
| Stock-based compensation / revenue | — | — | 0.5% | 0.7% | 9.5% | 11.0% | −0.6% | 0.5% | 0.4% | 0.5% |
| SG&A / revenue | — | — | — | 28.6% | 33.3% | 28.4% | 25.7% | 28.4% | 2.0% | 8.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 69.9 | 79.7 | 74.3 | 82.9 | 75.7 | 58.6 | 54.9 | 62.3 | 55.0 | 53.2 |
| Days of inventory on hand | 82.7 | 79.7 | 72.7 | 59.0 | 67.0 | 72.1 | 58.2 | 64.5 | 62.1 | 61.8 |
| Days payables outstanding | 260.1 | 285.9 | 302.7 | 257.2 | 248.6 | 206.4 | 137.2 | 145.3 | 162.0 | 145.0 |
| Cash conversion cycle (days) | -107.5 | -126.4 | -155.7 | -115.4 | -105.9 | -75.7 | -24.1 | -18.5 | -44.9 | -30.0 |
| Receivables turnover | 5.22 | 4.58 | 4.91 | 4.40 | 4.82 | 6.23 | 6.65 | 5.86 | 6.64 | 6.86 |
| Payables turnover | 1.40 | 1.28 | 1.21 | 1.42 | 1.47 | 1.77 | 2.66 | 2.51 | 2.25 | 2.52 |
| Inventory turnover | 4.41 | 4.58 | 5.02 | 6.19 | 5.45 | 5.06 | 6.27 | 5.66 | 5.88 | 5.90 |
| Asset turnover | 0.14 | 0.13 | 0.17 | 0.14 | 0.13 | 0.15 | 0.17 | 0.17 | 0.18 | 0.19 |
| Average receivables | $5.26B | $5.40B | $5.73B | $4.76B | $3.54B | $2.89B | $2.89B | $2.85B | $2.59B | $2.35B |
| Average payables | $7.28B | $7.74B | $8.41B | $7.62B | $5.78B | $4.12B | $3.01B | $2.81B | $3.34B | $2.99B |
| Average inventory | $2.32B | $2.16B | $2.02B | $1.75B | $1.56B | $1.44B | $1.28B | $1.25B | $1.28B | $1.27B |
| Intangibles / total assets | 4.0% | 3.5% | 3.8% | 3.5% | 4.0% | 3.9% | 4.0% | 1.5% | 2.1% | 2.3% |
Computed from NEE's annual financial statements (latest annual report filed February 13, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NEE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), NextEra Energy traded at 24.5 times earnings, against a 10-year median of 22.9. Based on the latest twelve months, the trailing P/E is 17.9 and the forward P/E is 17.7. NextEra Energy earned a return on equity of 13.1% and a return on invested capital of 5.9% in fiscal 2025. It ended the year with $95.6 billion of debt and $2.8 billion in cash and short-term investments, net debt of $92.8 billion. It returned $4.7 billion to shareholders: $4.7 billion in dividends and $0 in share buybacks, 146% of free cash flow. The share count rose 12.1% from 1.86B to 2.09B over 9 years.
See the NEE income statement, the NEE chart for price history, or the NEE stock overview for the latest quote and news.
NEE key metrics FAQ
What is NextEra Energy's P/E ratio?
NextEra Energy's trailing P/E ratio is 17.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.7. At the end of fiscal 2025 it was 24.5, compared with a 10-year median of 22.9.
What is NextEra Energy's EV/EBITDA?
NextEra Energy's enterprise value was 16.2 times EBITDA at the end of fiscal 2025 (enterprise value $260.5 billion, EBITDA $16.0 billion); the current EV/EBITDA is 15.1.
What is NextEra Energy's return on equity?
NextEra Energy's return on equity (ROE) was 13.1% in fiscal 2025: net income of $6.8 billion on average shareholders' equity of $52.4 billion.
What is NextEra Energy's ROIC?
NextEra Energy's return on invested capital was 5.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does NextEra Energy have?
NextEra Energy had total debt of $95.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.75 and $92.8 billion of net debt (5.78 times EBITDA).
What is NextEra Energy's dividend yield?
NextEra Energy's forward dividend yield is 3.12%. NextEra Energy paid $4.7 billion in dividends in fiscal 2025 ($2.24 per share), a payout ratio of 68.5%.
What is NextEra Energy's free cash flow yield?
NextEra Energy generated $3.2 billion of free cash flow in fiscal 2025, a free cash flow yield of 1.9% on its market value at year-end ($167.7 billion).
What is NextEra Energy's current ratio?
NextEra Energy's current ratio was 0.60 at the end of fiscal 2025: current assets were 0.60 times current liabilities.
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