NEXTERA ENERGY INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data NEXTERA ENERGY INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	16,138	17,173	16,727	19,204	17,997	18,800	23,000	28,114	24,753	27,412
Operating expenses	11,679	12,000	12,527	14,257	13,234	14,233	17,397	18,282	17,626	19,392
Operating income	4,459	5,173	4,280	5,353	5,116	2,913	4,081	10,237	7,479	8,280
Other non-operating income	-81	-510	3,072	-1,517	-2,703	262	-249	-2,949	-1,442	-3,750
Pre-tax income	4,378	4,663	7,352	3,836	2,413	3,175	3,832	7,288	6,037	4,530
Income tax	1,379	-660	1,576	448	44	348	586	1,006	339	-802
Net income to minority interests	93	-57	-862	-381	-550	-746	-901	-1,028
Net income	2,906	5,380	6,638	3,769	2,919	3,573	4,147	7,310	6,946	6,835
EBITDA	7,579	7,530	8,191	9,569	9,168	6,837	8,584	16,116	12,941	14,860
EPS, basic	1.57	2.87	3.51	1.95	1.49	1.82	2.10	3.61	3.38	3.31
EPS, diluted	1.56	2.85	3.47	1.94	1.48	1.81	2.10	3.60	3.37	3.30
Shares, basic (weighted)	1,852	1,875	1,893	1,928	1,959	1,963	1,973	2,026	2,053	2,065
Shares, diluted (weighted)	1,863	1,890	1,908	1,942	1,969	1,972	1,979	2,031	2,059	2,071
Dividend per share	0.87	0.98	1.11	1.25	1.40	1.54	1.70	1.87	2.06	2.27

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	1,292	1,714	638	600	1,105	639	1,601	2,690	1,487	2,812
Receivables	1,784	2,220	2,302	2,282	2,263	3,378	4,349	3,609	3,336	4,018
Inventory	1,289	1,273	1,223	1,328	1,552	1,561	1,934	2,106	2,214	2,420
Other current assets	528	632	551	1,576	804	1,166	789	1,335	1,438	1,171
Total current assets	7,409	7,181	6,393	7,408	7,382	9,288	13,490	15,361	11,951	13,584
Property, plant and equipment	66,912	72,289	70,334	82,010	91,803	99,348	111,059	125,776	138,852	156,197
Lease right-of-use assets		141	133	499	535	547	386	396	372	442
Goodwill	779	764	891	4,204	4,254	4,844	4,854	5,091	4,866	4,849
Intangible assets	1,110	1,149	573	417	558	606	623	1,556	1,578	1,630
Other non-current assets	3,335	4,958	7,521	3,314	3,672	4,395	5,695	7,704	9,459	11,104
Total assets	90,474	97,963	103,702	117,691	127,684	140,912	158,935	177,489	190,144	212,721
Deferred revenue				499	474	485	560	638	694	709
Short-term debt	3,022	3,615	10,930	5,040	4,138	1,785	6,633	6,901	8,061	3,500
Total current liabilities	10,919	11,243	17,563	13,853	15,558	17,437	26,695	27,963	25,355	22,817
Long-term debt	27,818	31,410	26,782	37,543	41,944	50,960	55,256	61,405	72,385	89,556
Other non-current liabilities	2,049	2,281	1,449	1,831	2,242	2,468	2,696	2,762	3,480	4,219
Total liabilities	64,635	68,432	66,289	75,844	82,755	95,243	109,499	118,465	129,283	146,242
Total debt	30,422	33,083	29,498	39,667	46,082	52,745	61,889	68,306	80,446	93,056
Paid-in capital	8,948	9,100	10,490	11,955	11,222	11,271	12,720	17,365	17,260	19,494
Retained earnings	15,458	19,020	23,837	25,199	25,363	25,911	26,707	30,235	32,946	35,102
Other comprehensive income	-70	111	-188	-169	-92	0	-218	-153	-126	-9
Shareholders' equity	24,341	28,236	34,144	37,005	36,513	37,202	39,229	47,468	50,101	54,608
Minority interests	990	1,295	3,269	4,355	8,416	8,222	9,097	10,300	10,359	11,871
Total equity	25,358	29,531	37,413	41,360	44,929	45,424	48,326	57,768	60,460	66,479
Total liabilities and equity	89,993	97,963	103,702	117,691	127,684	140,912	158,935	177,489	190,144	212,721
Shares outstanding	1,872	1,884	478	1,956	1,960	1,963	1,987	2,052	2,057	2,083

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	2,999	5,323	5,776	3,388	2,369	2,827	3,246	6,282	5,698	5,332
Depreciation and amortization	3,120	2,357	3,911	4,216	4,052	3,924	4,503	5,879	5,462	6,580
Stock-based compensation	77	76	82	100	107	119	142	139	138	185
Deferred income tax	1,226	-882	1,463	258	-78	436	534	708	1,308	453
Cash from operations	6,369	6,458	6,593	8,155	7,983	7,553	8,262	11,301	13,260	12,485
Cash from investing	-8,046	-8,918	-10,950	-16,177	-13,699	-13,591	-18,359	-23,467	-22,264	-23,865
Debt issued	5,657	8,354	4,391	13,905	12,404	16,683	13,856	13,857	24,769	23,394
Debt repaid	-3,310	-6,780	-3,102	-5,492	-6,103	-9,594	-4,525	-7,978	-10,113	-10,347
Stock issued	537	55	718	1,494		14	1,514	4,514	48	2,038
Dividends paid	-1,612	-1,845	-2,101	-2,408	-2,743	-3,024	-3,352	-3,782	-4,235	-4,680
Cash from financing	2,424	2,888	7,634	3,873	6,174	5,807	12,229	12,149	7,000	12,979
Exchange rate effect	10	26	-7	4	-20	1	-7	-4	-14	5
Net change in cash	757	454	3,270	-4,145	438	-230	2,125	-21	-2,018	1,604
Interest paid	1,194	1,186	1,209	1,799	1,432	1,323	1,375	2,463	2,737	3,501
Income taxes paid	91	142	200	184	235	-69	-32	321	-760	-1,275

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2026; growth uses fiscal years. Valuation uses the share price of $76.08 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	29.5%	Operating income / revenue.
EBITDA margin	54.1%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	20.8%	Pre-tax income / revenue.
Net margin	29.4%	Net income / revenue.
Operating cash flow margin	44.2%	Cash from operations / revenue.
Effective tax rate	-13.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	14.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.7%	Net income / average total assets.
Return on invested capital (ROIC)	4.3%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
D&A / revenue	24.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	10.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	6.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	8.8%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	10.7%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	26.6%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	10.1%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	14.8%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	20.1%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	10.1%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-1.6%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	18.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	18.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-2.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	16.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	17.4%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-5.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	14.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	9.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	10.2%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	10.1%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	10.1%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	9.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	11.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	8.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	11.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	10.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	10.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.6%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	1.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.54x	Current assets / current liabilities.
Quick ratio	0.24x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.08x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.77x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	44.2%	Total debt / total assets.
Liabilities / assets	69.9%	Total liabilities / total assets.
Net debt	$95.79B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	6.35x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	-$11.72B	Current assets - current liabilities.
Goodwill and intangibles / assets	2.3%	(Goodwill + intangible assets) / total assets.
Tangible book value	$50.07B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.13x	Revenue / average total assets.
Fixed asset turnover	0.17x	Revenue / average property, plant and equipment.
Receivables turnover	6.75x	Revenue / average receivables.
Days sales outstanding	54 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.91	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$13.32	Revenue / diluted weighted shares.
Operating cash flow per share	$5.89	Cash from operations / diluted weighted shares.
Book value per share	$26.49	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$24.02	Tangible book value / shares outstanding.
Cash per share	$0.96	(Cash + short-term investments) / shares outstanding.
Payout ratio	58.8%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$158.70B	Share price x shares outstanding.
Enterprise value	$254.49B	Market cap + total debt - cash - short-term investments.
P/E	19.4x	Market cap / net income. Only when net income is positive.
P/S	5.70x	Market cap / revenue.
P/B	2.87x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	3.17x	Market cap / tangible book value, when positive.
P/OCF	12.9x	Market cap / cash from operations, when positive.
EV/Sales	9.13x	Enterprise value / revenue.
EV/EBIT	30.9x	Enterprise value / operating income, when both are positive.
EV/EBITDA	16.9x	Enterprise value / EBITDA, when both are positive.
Earnings yield	5.2%	Net income / market cap (the inverse of P/E).
Dividend yield	3.0%	Dividends paid over the period / market cap.
Shareholder yield	3.0%	(Dividends paid + share buybacks) / market cap.
PEG	1.19x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was NEXTERA ENERGY INC's revenue in fiscal 2025?

NEXTERA ENERGY INC reported revenue of $27.41B for fiscal 2025, 10.7% higher than the year before.

Was NEXTERA ENERGY INC profitable in fiscal 2025?

Yes. Net income was $6.84B, a net margin of 24.9%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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