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Nextera Energy vs Oneok: revenue, profit, margins and growth compared

Nextera Energy brought in $27.4B of revenue in fiscal 2025, Oneok $33.6B in fiscal 2025. Revenue changed by +10.7% at Nextera Energy and +55.0% at Oneok on the year before, so Oneok grew faster. Nextera Energy kept 24.9% of its revenue as net profit, Oneok 10.1%.

Side by side, latest fiscal year

NEEOKE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$27.4B$33.6B
Revenue growth+10.7%+55.0%
Net income$6.8B$3.4B
Net margin24.9%10.1%
Free cash flown/a$2.4B
Free cash flow marginn/a7.3%
Earnings per share (diluted)$3.30$5.42
Cash$2.8B$78M
Debt$93.1B$32B
Price to earnings23.116.4
Market value$158.7B$55.9B
Dividend yield2.98%4.65%
Rank by revenue in sector#6 of 109 · Utilities#2 of 109 · Utilities

Over the years

Revenue
NEE FY2018: $16.7BNEE FY2019: $19.2BNEE FY2020: $18BNEE FY2021: $18.8BNEE FY2022: $23BNEE FY2023: $28.1BNEE FY2024: $24.8BNEE FY2025: $27.4BOKE FY2018: $12.6BOKE FY2019: $10.2BOKE FY2020: $8.5BOKE FY2021: $16.5BOKE FY2022: $22.4BOKE FY2023: $17.7BOKE FY2024: $21.7BOKE FY2025: $33.6BFY18FY19FY20FY21FY22FY23FY24FY25
NEE $27.4BOKE $33.6B
Net income
NEE FY2018: $6.6BNEE FY2019: $3.8BNEE FY2020: $2.9BNEE FY2021: $3.6BNEE FY2022: $4.1BNEE FY2023: $7.3BNEE FY2024: $6.9BNEE FY2025: $6.8BOKE FY2018: $1.2BOKE FY2019: $1.3BOKE FY2020: $612.8MOKE FY2021: $1.5BOKE FY2022: $1.7BOKE FY2023: $2.7BOKE FY2024: $3BOKE FY2025: $3.4BFY18FY19FY20FY21FY22FY23FY24FY25
NEE $6.8BOKE $3.4B
Net margin
NEE FY2018: 39.7%NEE FY2019: 19.6%NEE FY2020: 16.2%NEE FY2021: 19.0%NEE FY2022: 18.0%NEE FY2023: 26.0%NEE FY2024: 28.1%NEE FY2025: 24.9%OKE FY2018: 9.1%OKE FY2019: 12.6%OKE FY2020: 7.2%OKE FY2021: 9.1%OKE FY2022: 7.7%OKE FY2023: 15.0%OKE FY2024: 14.0%OKE FY2025: 10.1%FY18FY19FY20FY21FY22FY23FY24FY25
NEE 24.9%OKE 10.1%
Revenue growth
NEE FY2019: +14.8%NEE FY2020: -6.3%NEE FY2021: +4.5%NEE FY2022: +22.3%NEE FY2023: +22.2%NEE FY2024: -12.0%NEE FY2025: +10.7%OKE FY2019: -19.3%OKE FY2020: -16.0%OKE FY2021: +93.6%OKE FY2022: +35.3%OKE FY2023: -21.0%OKE FY2024: +22.7%OKE FY2025: +55.0%FY19FY20FY21FY22FY23FY24FY25
NEE +10.7%OKE +55.0%
Free cash flow
OKE FY2018: $45.2MOKE FY2019: -$1.9BOKE FY2020: -$296.3MOKE FY2021: $1.8BOKE FY2022: $1.7BOKE FY2023: $2.8BOKE FY2024: $2.9BOKE FY2025: $2.4BFY18FY19FY20FY21FY22FY23FY24FY25
NEEOKE $2.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about Nextera Energy and Oneok

Which is bigger by revenue, Nextera Energy or Oneok?

Oneok is bigger by revenue: $33.6B in fiscal 2025, against $27.4B for Nextera Energy in fiscal 2025.

Which keeps more of its revenue as profit, Nextera Energy or Oneok?

Nextera Energy had a net margin of 24.9% in fiscal 2025; Oneok had 10.1% in fiscal 2025.

Which grew revenue faster, Nextera Energy or Oneok?

In their latest fiscal years revenue changed by +10.7% at Nextera Energy and +55.0% at Oneok.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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