NextEra Energy (NEE) stock
Utilities · Multi-Utilities
NextEra Energy (NEE) is a Multi-Utilities company in the Utilities sector, headquartered in Juno Beach, Florida. As of October 23, 2026, NEE closed at $82.10, a market capitalization of $172.19 billion, the 72nd largest company in the S&P 500. Over the last twelve months it generated $28.82 billion in revenue (+2% year over year) and $3.05 billion in free cash flow. The stock trades at 14.8x trailing earnings and 18.8x forward earnings.
- 1-year total return: +1.5% (dividends reinvested)
- 5-year return: +2.2% a year
- 52-week range: $74.41 – $98.75
- Gross margin 60.2%, operating margin 33.0%
- Dividend yield: 3.03%, 30 straight years of increases
- FI Handbook report card: C+ across 10 metrics
- Largest of 31 Utilities stocks in the S&P 500
NEE price chart
1Y price change: -1.4% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| NEE | +6.6% | +4.5% | +1.5% | +20.3% | +2.2% | +13.1% | +10.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1973.
NEE key statistics
- Market cap
- $172.2B
- #72 in S&P 500
- P/E (TTM)
- 14.8x
- Forward P/E
- 18.8x
- EPS (TTM)
- $5.55
- Revenue (TTM)
- $28.8B
- +2%
- Free cash flow
- $3.0B
- Gross margin
- 60.2%
- Operating margin
- 33.0%
- Return on equity
- 14.1%
- Dividend yield
- 3.03%
- 52-week range
- $74.41 – $98.75
- Beta
- 0.64
- Price / sales
- 6.0x
- EV / EBITDA
- 21.9x
- Debt / equity
- 1.53x
- Employees
- 17,400
NEE report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth1.6%D
- Gross margin60.2%A
- Operating margin33.0%A
- FCF margin10.6%C
- Return on equity14.1%C
- Net debt / EBITDA8.1xF
- Forward P/E18.8xB
- PEG ratio1.7xC
- Shareholder yield3.0%B
- Share count change / yr1.0%D
NextEra Energy financials
Revenue went from $15.3B in fiscal 2011 to $25.8B in fiscal 2025, growing 3.8% a year.
| Fiscal year | 2011 | 2012 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.3B | $14.3B | $15.4B | $17.5B | $17.0B | $18.8B | $23.0B | $24.8B | $23.5B | $25.8B |
| Operating income | $3.3B | $3.3B | $4.3B | $5.4B | $5.1B | $2.9B | $4.1B | $10.2B | $7.5B | $8.3B |
| Net income | $1.9B | $1.9B | $6.6B | $3.8B | $2.9B | $3.6B | $4.1B | $7.3B | $6.9B | $6.8B |
| EPS (diluted) | $1.15 | $1.14 | $3.47 | $1.94 | $1.48 | $1.81 | $2.10 | $3.60 | $3.37 | $3.30 |
| Buybacks | $375.0M | $19.0M | — | — | — | — | — | — | — | — |
| Dividends paid | $920.0M | $1.0B | $2.1B | $2.4B | $2.7B | $3.0B | $3.4B | $3.8B | $4.2B | $4.7B |
| Diluted shares | 1.7B | 1.7B | 1.9B | 1.9B | 2.0B | 2.0B | 2.0B | 2.0B | 2.1B | 2.1B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into NEE?
A reverse DCF asks what growth the current price requires. With an enterprise value of $280.5B and $3.0B of trailing free cash flow, NextEra Energy needs to grow free cash flow about 51.8% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 24.9x vs. median 22.1x (10th–90th percentile 13.1x–41.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
NEE dividend
- Dividend yield
- 3.03%
- Annual dividend
- $2.49
- Years of increases
- 30
- 5-yr dividend growth
- 10.1%
- per year
- Payout ratio
- 44%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
NEE earnings
Next report: January 27, 2027. NextEra Energy has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 21, 2026 | $1.19 | $1.24 | +4.2% |
| Jul 24, 2026 | $1.11 | $1.15 | +3.7% |
| Apr 23, 2026 | $1.03 | $1.09 | +5.7% |
| Jan 27, 2026 | $0.53 | $0.54 | +2.4% |
| Oct 28, 2025 | $1.02 | $1.13 | +10.6% |
| Jul 23, 2025 | $1.01 | $1.05 | +4.0% |
| Apr 22, 2025 | $0.98 | $0.99 | +1.2% |
| Jan 24, 2025 | $0.53 | $0.53 | +0.8% |
Stocks like NEE
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 D Dominion Energy | -0.31% | +12% | $57.3B | 22.6x | Compare |
 SRE DBA Sempra | -0.84% | -6% | $55.0B | 24.3x | Compare |
 XEL Xcel Energy | -1.08% | +0% | $48.8B | 21.4x | Compare |
 ED Consolidated Edison | -0.45% | +19% | $42.8B | 19.1x | Compare |
 PCG Pacific Gas & Electric | -2.70% | -22% | $37.9B | 9.4x | Compare |
 AEE Ameren | -0.83% | +7% | $29.9B | 19.0x | Compare |
 DTE DTE Energy | -0.88% | -4% | $27.4B | 20.9x | Compare |
 CNP CenterPoint Energy, Inc (Holdin | -0.32% | +6% | $27.1B | 24.3x | Compare |
NEE news
- Buy NextEra Energy Stock to Tap Into Power Demand, Says Analyst. Plus, Bending Spoons and 3 More. · Oct 23, 2026
- Does NextEra Energy (NEE) Still Merit A Premium For Dividends? · Oct 23, 2026
- NextEra and Dominion Have a Deal—Now Comes the Hard Part · Oct 23, 2026
- NextEra Energy secures $5.7B to support federal energy ‘hub’ projects · Oct 23, 2026
- Learn Why The Bull Case For NextEra Energy Stock Could Change Following Earnings Beat · Oct 23, 2026
NEE stock FAQ
What is NEE's market cap?
NextEra Energy's market capitalization is $172.19 billion as of October 23, 2026, ranking 72nd in the S&P 500.
What is NEE's P/E ratio?
NEE trades at a trailing price-to-earnings ratio of 14.8x and a forward P/E of 18.8x. Its median P/E over the period we track is 22.1x.
Does NEE pay a dividend?
Yes. NextEra Energy pays $2.49 per share a year, a 3.03% yield. It has raised its dividend 30 years in a row. Dividends grew 10.1% a year over the last five years.
How much has NEE stock returned?
Including reinvested dividends, NEE returned +1.5% over one year, +2.2% a year over five years, +13.1% a year over ten years through October 23, 2026.
Is NEE stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies NextEra Energy must grow free cash flow about 52% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does NEE report earnings?
NextEra Energy is expected to report earnings on January 27, 2027. It has beaten EPS estimates 8 quarters in a row.
How many employees does NextEra Energy have?
NextEra Energy has about 17,400 full-time employees, or $1.7 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology