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

Nextera Energy brought in $27.4B of revenue in fiscal 2025, Southern $29.6B in fiscal 2025. Revenue changed by +10.7% at Nextera Energy and +10.4% at Southern on the year before, so Nextera Energy grew faster. Nextera Energy kept 24.9% of its revenue as net profit, Southern 14.7%.

Side by side, latest fiscal year

NEESO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$27.4B$29.6B
Revenue growth+10.7%+10.4%
Net income$6.8B$4.3B
Net margin24.9%14.7%
Free cash flown/a-$2.9B
Free cash flow marginn/a-9.9%
Earnings per share (diluted)$3.30$3.92
Cash$2.8B$1.6B
Debt$93.1B$71.9B
Price to earnings23.121.1
Market value$158.7B$95.3B
Dividend yield2.98%3.55%
Rank by revenue in sector#6 of 109 · Utilities#5 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: $27.4BSO FY2018: $25.2BSO FY2019: $22.6BSO FY2020: $21.1BSO FY2021: $23.5BSO FY2022: $29.3BSO FY2023: $25.3BSO FY2024: $26.8BSO FY2025: $29.6BFY18FY19FY20FY21FY22FY23FY24FY25
NEE $27.4BSO $29.6B
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: $6.8BSO FY2018: $2.2BSO FY2019: $4.7BSO FY2020: $3.1BSO FY2021: $2.4BSO FY2022: $3.5BSO FY2023: $4BSO FY2024: $4.4BSO FY2025: $4.3BFY18FY19FY20FY21FY22FY23FY24FY25
NEE $6.8BSO $4.3B
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%SO FY2018: 8.8%SO FY2019: 21.0%SO FY2020: 14.8%SO FY2021: 10.2%SO FY2022: 12.0%SO FY2023: 15.7%SO FY2024: 16.4%SO FY2025: 14.7%FY18FY19FY20FY21FY22FY23FY24FY25
NEE 24.9%SO 14.7%
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%SO FY2019: -10.5%SO FY2020: -6.6%SO FY2021: +11.2%SO FY2022: +24.8%SO FY2023: -13.8%SO FY2024: +6.0%SO FY2025: +10.4%FY19FY20FY21FY22FY23FY24FY25
NEE +10.7%SO +10.4%
Free cash flow
SO FY2018: -$1.1BSO FY2019: -$1.8BSO FY2020: -$826MSO FY2021: -$1.4BSO FY2022: -$1.6BSO FY2023: -$1.5BSO FY2024: $833MSO FY2025: -$2.9BFY18FY19FY20FY21FY22FY23FY24FY25
NEESO -$2.9B

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

Questions about Nextera Energy and Southern

Which is bigger by revenue, Nextera Energy or Southern?

Southern is bigger by revenue: $29.6B in fiscal 2025, against $27.4B for Nextera Energy in fiscal 2025.

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

Nextera Energy had a net margin of 24.9% in fiscal 2025; Southern had 14.7% in fiscal 2025.

Which grew revenue faster, Nextera Energy or Southern?

In their latest fiscal years revenue changed by +10.7% at Nextera Energy and +10.4% at Southern.

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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