Utilities · Multi-Utilities · US stock · price as of 16 Oct 2026
Key indicators
Price
$79.80
52-week range
$74.41 – $97.30
Market cap
$167.0B
P/E (trailing)
20.2×
EV / EBITDA
17.8×
Free-cash-flow yield
7.4%
Dividend yield
3.1%
Revenue (last 12 months)
$26.0B
Revenue growth (3y a year)
3.9%
Operating margin
31.7%
Return on invested capital
4.7%
Net debt / EBITDA
6.7×
Fair value
Blended fair value$50.79 range $51 – $60
Versus priceOvervalued−36% to fair value
Peer multiples
$59.31
Fundamentals-adjusted multiple
$58.70
10-year DCF (market-scaled)
$34.35
Earnings power value (floor, not blended)
n/m
Model uncertainty
High
X-Ray Score
36/ 100 · Medium confidence · ahead of 10% of sector peers
Valuation8
Growth54
Profitability31
Financial health46
Dividends66
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
NextEra Energy is a Florida-based energy company with two main businesses. Florida Power & Light is a regulated electric utility serving millions of customers in Florida, and NextEra Energy Resources develops, owns and operates wind, solar, battery storage and natural gas generation across North America, supplying power under long-term contracts.
Revenue comes from regulated electricity charges in Florida and from contracted power supplied by its generation business. It totals $26.0 billion over the last twelve months, with growth of 3.9% a year across three years. The operating margin is 31.7%, and the business earns a profit of 5% on the capital invested in it. NextEra carries net debt of 6.7 times EBITDA, and the dividend yield is 3.1%.
StocksXray gives Nextera Energy Inc an X-Ray Score of 36 out of 100 (medium confidence), ahead of 10% of the S&P 500 stocks in its sector. Its strongest lens is dividends (66) and its weakest is valuation (8).
Our fair value blend is $50.79 (range $50.79 to $59.58). At $79.80 the stock trades 57% above that blend, so the label is "Overvalued" with high model uncertainty. Fair value is a range, not a price target.
XStocksXray
Nextera Energy Inc (NEE)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$81.99
$74.98
$56.01
$68.04
$78.57
$79.80
Market cap
$161.7B
$148.4B
$113.7B
$140.1B
$162.7B
$167.0B
P/E
45.3×
35.7×
15.6×
20.2×
23.8×
20.2×
EV / revenue
11.9×
9.5×
7.8×
9.8×
10.3×
10.8×
EV / EBITDA
32.7×
25.6×
12.1×
17.9×
18.0×
18.5×
Price / free cash flow
21.4×
18.0×
10.1×
10.6×
13.0×
13.5×
Free-cash-flow yield
4.7%
5.6%
9.9%
9.5%
7.7%
7.4%
Price / book
4.3×
3.8×
2.4×
2.8×
3.0×
3.0×
Dividend yield
1.88%
2.27%
3.34%
3.03%
2.89%
3.05%
Fundamentals checklist ● 3 Good · ● 2 Average · ● 8 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−1.9%Bad
Risk models
Altman Z score0.8×Average
Piotroski F-Score5 of 9Bad
Growth
EPS growth (3y)16.3%Good
Revenue growth (3y)3.9%Average
Growth consistency50%Bad
Balance sheet
Current ratio0.5×Bad
Net debt / EBITDA6.7×Bad
Interest coverno interest costGood
Valuation
Fair value vs price0.6×Bad
EBIT / EV yield2.9%Bad
Profitability
Return on invested capital4.7%Bad
Operating margin31.7%Good
XStocksXray
Nextera Energy Inc (NEE)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
18,800
23,000
24,800
23,500
25,800
26,000
Gross profit
–
–
–
–
–
–
Operating income
2,913
4,081
10,237
7,479
8,280
8,232
Net income
3,573
4,147
7,310
6,946
6,835
8,183
Diluted EPS ($)
1.81
2.10
3.60
3.37
3.30
3.95
Free cash flow
7,553
8,262
11,301
13,260
12,485
12,330
Gross margin
–
–
–
–
–
–
Operating margin
15.5%
17.7%
41.3%
31.8%
32.1%
31.7%
Net margin
19.0%
18.0%
29.5%
29.6%
26.5%
31.5%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
140,912
158,935
177,489
190,144
212,721
221,424
Cash
639
1,601
2,690
1,487
2,812
1,998
Total debt
54,127
63,598
72,956
82,116
95,011
103,145
Equity
37,202
39,229
47,468
50,101
54,608
55,222
Dividend per share ($)
1.54
1.70
1.87
2.06
2.27
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.