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

Nextera Energy brought in $27.4B of revenue in fiscal 2025, Vistra $17.7B in fiscal 2025. Revenue changed by +10.7% at Nextera Energy and +3.0% at Vistra on the year before, so Nextera Energy grew faster. Nextera Energy kept 24.9% of its revenue as net profit, Vistra 5.3%.

Side by side, latest fiscal year

NEEVST
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$27.4B$17.7B
Revenue growth+10.7%+3.0%
Net income$6.8B$944M
Net margin24.9%5.3%
Free cash flown/a$1.3B
Free cash flow marginn/a7.4%
Earnings per share (diluted)$3.30$2.18
Cash$2.8B$785M
Debt$93.1B$17B
Price to earnings23.163.5
Market value$158.7B$46.5B
Dividend yield2.98%0.65%
Rank by revenue in sector#6 of 109 · Utilities#14 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: $27.4BVST FY2018: $9.8BVST FY2019: $11.8BVST FY2020: $11.4BVST FY2021: $17.7BVST FY2022: $15.6BVST FY2023: $14.8BVST FY2024: $17.2BVST FY2025: $17.7BFY18FY19FY20FY21FY22FY23FY24FY25
NEE $27.4BVST $17.7B
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: $6.8BVST FY2018: -$54MVST FY2019: $928MVST FY2020: $636MVST FY2021: -$1.3BVST FY2022: -$1.2BVST FY2023: $1.5BVST FY2024: $2.7BVST FY2025: $944MFY18FY19FY20FY21FY22FY23FY24FY25
NEE $6.8BVST $944M
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%VST FY2018: -0.6%VST FY2019: 7.9%VST FY2020: 5.6%VST FY2021: -7.2%VST FY2022: -7.8%VST FY2023: 10.1%VST FY2024: 15.4%VST FY2025: 5.3%FY18FY19FY20FY21FY22FY23FY24FY25
NEE 24.9%VST 5.3%
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%VST FY2019: +20.5%VST FY2020: -3.1%VST FY2021: +54.7%VST FY2022: -11.7%VST FY2023: -5.5%VST FY2024: +16.5%VST FY2025: +3.0%FY19FY20FY21FY22FY23FY24FY25
NEE +10.7%VST +3.0%
Free cash flow
VST FY2018: $941MVST FY2019: $2BVST FY2020: $2.1BVST FY2021: -$1.2BVST FY2022: -$816MVST FY2023: $3.8BVST FY2024: $2.5BVST FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
NEEVST $1.3B

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

Questions about Nextera Energy and Vistra

Which is bigger by revenue, Nextera Energy or Vistra?

Nextera Energy is bigger by revenue: $27.4B in fiscal 2025, against $17.7B for Vistra in fiscal 2025.

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

Nextera Energy had a net margin of 24.9% in fiscal 2025; Vistra had 5.3% in fiscal 2025.

Which grew revenue faster, Nextera Energy or Vistra?

In their latest fiscal years revenue changed by +10.7% at Nextera Energy and +3.0% at Vistra.

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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