NextEra Energy, Inc.

NEEUS

NextEra Energy, Inc., operating through its diverse subsidiaries, is a prominent electric power provider in North America. The company's operations encompass the generation, transmission, distribution, and sale of electricity to both individual consumers and large-scale wholesale clients. Its energy portfolio is broad, featuring power generation from wind, solar, nuclear, coal, and natural gas facilities. Beyond direct power supply, NextEra Energy is actively involved in developing, constructing, and managing long-term contracted clean energy infrastructure, including renewable energy generation sites, battery storage solutions, and electric transmission networks. The firm also participates in the sale of energy commodities and oversees the development, construction, and operation of generation assets within competitive wholesale energy markets. As of December 31, 2021, NextEra Energy boasted a net generating capacity of approximately 28,564 megawatts. Its extensive infrastructure included about 77,000 circuit miles of transmission and distribution lines and 696 substations. Within Florida, the company delivers electricity to roughly 11 million individuals, serving approximately 5.7 million customer accounts across the state's eastern and lower western coastal regions. Founded in 1925, the company adopted its current name, NextEra Energy, Inc., in 2010, having previously operated as FPL Group, Inc. Its corporate headquarters are located in Juno Beach, Florida.

Founded1925IPO year2014As of2026-08-04
Market Cap
$181.15B
Enterprise Value
$189.69B
EV / LTM Revenue
6.9x
EV / NTM Revenue
5.8x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
5.8x
Gross Profit
8.1x
EBITDA
8.3x
Classification
Sector
Industrial, Aerospace & Defense
Sub-sector
Electrical Equipment & Power Systems
Listing
NEE
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY23%34%-12%11%13%10%
Revenue$17.07B$20.96B$28.11B$24.75B$27.48B$30.93B$33.96B
Gross Profit$8.59B$10.14B$17.98B$14.87B$17.25B
Gross Profit Margin50.3%48.4%63.9%60.1%62.8%
EBITDA$7.99B$9.66B$16.76B$14.03B$16.16B$21.58B$23.69B
EBITDA Margin46.8%46.1%59.6%56.7%58.8%69.8%69.8%
EBIT$2.91B$4.08B$10.24B$7.48B$8.28B$13.75B$15.10B
Net Income$3.57B$4.15B$7.31B$6.95B$6.83B$8.44B$9.35B
Free Cash Flow($277M)($1.48B)$1.75B$4.75B$3.21B
FCF Margin-1.6%-7.1%6.2%19.2%11.7%
Short-Term Debt$3.87B$9.71B$11.81B$9.95B$6.06B
Long-Term Debt$50.96B$55.26B$61.41B$72.39B$89.56B
Cash & Cash Equivalents$639M$1.60B$2.69B$1.49B$2.81B
Net Debt$54.19B$63.37B$70.52B$80.85B$92.81B
Net Debt / EBITDA6.8x6.6x4.2x5.8x5.7x
Rule of 4015.7%40.4%7.2%22.7%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.