NextEra Energy (NEE): analysis in plain words
Is NextEra Energy cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
NextEra Energy (NEE) is listed on the NYSE and we classify it in utilities and renewables. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against NextEra Energy according to those figures, and the questions people ask most about the stock. No buy or sell tips.
NextEra Energy (NEE) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $88.45 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 15.9x | Price over earnings per share |
| Revenue growth | +1.6% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 40.4% | Profit for every 100 of sales |
| Net debt / EBITDA | 8.1x | Years of operating profit to repay debt |
| Dividend yield | 2.96% | Annual dividend over price |
| Market cap | $185.5 billion | What the stock market values it at |
The NextEra Energy figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any NEE figure that is not available shows as N/A: we do not estimate it.
How NextEra Energy makes money
NextEra Energy has two businesses. Florida Power & Light, the larger, is a regulated utility that generates, transmits and sells electricity to Florida homes and businesses at approved rates. NextEra Energy Resources builds and runs wind, solar and battery projects across the U.S. and Canada, selling power under long-term contracts.
Over the last 12 months, NextEra Energy brought in revenue of $28.8 billion. For every 100 it sells, NextEra Energy keeps 60.2 after the direct cost of what it sells (gross margin) and 33.0 after all operating costs (operating margin).
NextEra Energy against its sector
To know whether a NextEra Energy figure is high or low you have to put it next to similar companies. This table compares NextEra Energy with the median of the 14 utilities and renewables companies Fintols covers, with data as of November 4, 2026.
| Figure | NextEra Energy | utilities and renewables median |
|---|---|---|
| P/E | 15.9x | 19.9x (14) |
| Revenue growth | +1.6% | +8.8% (14) |
| Net margin | 40.4% | 14.5% (14) |
| Dividend yield | 2.96% | 3.16% (14) |
| Net debt / EBITDA | 8.1x | 4.6x (14) |
In short, against the typical utilities and renewables company, NextEra Energy trades on a lower P/E, grows more slowly and earns a wider margin. By size, NextEra Energy ranks number 1 of 6 utilities and renewables companies quoted in USD on Fintols.
The bull case for NextEra Energy
What works in favour of NextEra Energy, according to its figures as of November 4, 2026:
- NextEra Energy keeps 40.4 of every 100 it sells as net profit, against 14.5 for the median utilities and renewables company: a margin like that leaves money to invest, buy back shares or pay dividends.
- For income seekers, NextEra Energy pays a dividend yielding 2.96% at today's price, using 44% of its profit to fund it.
The main risk for NextEra Energy
Debt is heavy: NextEra Energy carries net debt equal to 8.1x its annual EBITDA. With high interest rates or a weak year, interest payments eat into what it can invest or pay out.
And, like the rest of utilities and renewables, NextEra Energy is exposed to interest rates (it funds grids and plants with a lot of debt) and changes in how its tariffs are regulated.
Frequently asked questions about NextEra Energy
Is it a good time to buy NextEra Energy stock?
Fintols does not tell you whether to buy or sell NextEra Energy, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, NextEra Energy stock trades at $88.45, 10% below its 52-week high ($98.75) and 19% above its low ($74.41). Its P/E is 15.9x against a utilities and renewables median of 19.9x, and 20.2x on the earnings analysts expect over the next 12 months. With NextEra Energy, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does NextEra Energy pay a dividend?
Yes. As of November 4, 2026, NextEra Energy pays $2.49 per share a year, which at today's price is a yield of 2.96%. It uses 44% of its profit to pay it, which leaves room to keep paying it if profit dips.
Is NextEra Energy stock expensive?
It depends on what you compare it with. On P/E, NextEra Energy trades at 15.9x its last 12 months of earnings: cheaper than the utilities and renewables median (19.9x). A high P/E alone does not make NextEra Energy expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are NextEra Energy's competitors?
On Fintols we compare NextEra Energy with Constellation Energy, Duke Energy and Southern Company, which are also in utilities and renewables. As of November 4, 2026, Constellation Energy is worth $87.1 billion and trades on a P/E of 24.0; Duke Energy is worth $101.0 billion and trades on a P/E of 19.5; Southern Company is worth $107.1 billion and trades on a P/E of 22.4. Each has a side-by-side comparison with NextEra Energy below.
NextEra Energy competitors
- Constellation Energy (CEG) analysis · NextEra Energy vs Constellation Energy comparison
- Duke Energy (DUK) analysis · NextEra Energy vs Duke Energy comparison
- Southern Company (SO) analysis · NextEra Energy vs Southern Company comparison
To understand NextEra Energy better
- Dividend Growth Investing: FCF Payout Ratio and Compounding
- How to Read a Balance Sheet: A Beginner's Guide
More companies like NextEra Energy: utilities and renewables stocks, S&P 500 companies and S&P 100 companies. Open the full NEE analysis with its valuation and scenarios. Educational content about NextEra Energy, not investment advice.