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Nextera Energy vs Waste Management: revenue, profit, margins and growth compared

Nextera Energy brought in $27.4B of revenue in fiscal 2025, Waste Management $25.2B in fiscal 2025. Revenue changed by +10.7% at Nextera Energy and +14.2% at Waste Management on the year before, so Waste Management grew faster. Nextera Energy kept 24.9% of its revenue as net profit, Waste Management 10.7%.

Side by side, latest fiscal year

NEEWM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$27.4B$25.2B
Revenue growth+10.7%+14.2%
Net income$6.8B$2.7B
Net margin24.9%10.7%
Free cash flown/a$2.8B
Free cash flow marginn/a11.2%
Earnings per share (diluted)$3.30$6.70
Cash$2.8B$201M
Debt$93.1B$22.9B
Price to earnings23.130.9
Market value$158.7B$82.7B
Dividend yield2.98%1.60%
Rank by revenue in sector#6 of 109 · Utilities#8 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: $27.4BWM FY2018: $14.9BWM FY2019: $15.5BWM FY2020: $15.2BWM FY2021: $17.9BWM FY2022: $19.7BWM FY2023: $20.4BWM FY2024: $22.1BWM FY2025: $25.2BFY18FY19FY20FY21FY22FY23FY24FY25
NEE $27.4BWM $25.2B
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: $6.8BWM FY2018: $1.9BWM FY2019: $1.7BWM FY2020: $1.5BWM FY2021: $1.8BWM FY2022: $2.2BWM FY2023: $2.3BWM FY2024: $2.7BWM FY2025: $2.7BFY18FY19FY20FY21FY22FY23FY24FY25
NEE $6.8BWM $2.7B
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%WM FY2018: 12.9%WM FY2019: 10.8%WM FY2020: 9.8%WM FY2021: 10.1%WM FY2022: 11.4%WM FY2023: 11.3%WM FY2024: 12.4%WM FY2025: 10.7%FY18FY19FY20FY21FY22FY23FY24FY25
NEE 24.9%WM 10.7%
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%WM FY2019: +3.6%WM FY2020: -1.5%WM FY2021: +17.8%WM FY2022: +9.9%WM FY2023: +3.7%WM FY2024: +8.0%WM FY2025: +14.2%FY19FY20FY21FY22FY23FY24FY25
NEE +10.7%WM +14.2%
Free cash flow
WM FY2018: $1.9BWM FY2019: $2.1BWM FY2020: $1.8BWM FY2021: $2.3BWM FY2022: $1.7BWM FY2023: $1.8BWM FY2024: $2.2BWM FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25
NEEWM $2.8B

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

Questions about Nextera Energy and Waste Management

Which is bigger by revenue, Nextera Energy or Waste Management?

Nextera Energy is bigger by revenue: $27.4B in fiscal 2025, against $25.2B for Waste Management in fiscal 2025.

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

Nextera Energy had a net margin of 24.9% in fiscal 2025; Waste Management had 10.7% in fiscal 2025.

Which grew revenue faster, Nextera Energy or Waste Management?

In their latest fiscal years revenue changed by +10.7% at Nextera Energy and +14.2% at Waste Management.

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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