NextEra Energy (NEE) Stock Analysis

July 23, 2026

This is a peer-relative look at NextEra Energy (NEE): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Utilities peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for NextEra Energy (NEE)
Profile Item	NEE
Name	NextEra Energy, Inc.
Country/Region	United States
GICS Sector	Utilities
GICS Industry Group	Utilities
GICS Industry	Electric Utilities
GICS Sub-Industry	Electric Utilities
Market Capitalization	183.39 billion USD
Currency	USD
Exchange	NYSE
Listing Date	February 21, 1973
Security Type	Common Stock

Price Performance

Cumulative Growth

NEE

GSPC

NextEra Energy (NEE) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for NextEra Energy (NEE) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for NextEra Energy (NEE) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

NextEra Energy (NEE) metric values compared with Utilities industry-group medians
Metric	Current stock: NEE	Industry group median
Total Return (1Y)	18.78%	15.00%
Total Return (3Y, Annualized)	8.17%	11.96%
Total Return (5Y, Annualized)	5.74%	8.64%

Risk Profile

Drawdown History

NEE

GSPC

NextEra Energy (NEE) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for NextEra Energy (NEE) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

NextEra Energy (NEE) metric values compared with Utilities industry-group medians
Metric	Current stock: NEE	Industry group median
Volatility (1Y, Annualized)	22.86%	21.90%
Beta (5Y)	0.67	0.55
Max Drawdown (5Y)	-44.97%	-36.10%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. NEE is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

NextEra Energy (NEE) metric values compared with Utilities industry-group medians
Metric	Current stock: NEE	Industry group median
Sharpe Ratio (1Y)	0.65	0.43
Sortino Ratio (1Y)	0.94	0.64

Profitability

ROE (TTM)

NextEra Energy (NEE) posts ROE of 10.33%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

NEE

Utilities industry group

10.33%

Group distribution

Max: 16.11%
Q3: 11.23%
NEE: 10.33%
Median: 9.48%
Q1: 7.55%
Min: 2.67%

Largest peers

CEG: 16.11%
AEP: 12.59%
SO: 10.99%
NEE: 10.33%
D: 9.79%
DUK: 9.66%
NGG: 8.41%

Where NextEra Energy (NEE) stands on ROE within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

NextEra Energy (NEE) keeps 29.37% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

NEE

Utilities industry group

29.37%

Group distribution

NEE: 29.37%
Max: 29.37%
Q3: 17.31%
Median: 12.55%
Q1: 9.24%
Min: -0.65%

Largest peers

NEE: 29.37%
NGG: 18.32%
D: 16.93%
AEP: 16.29%
DUK: 15.71%
SO: 14.46%
CEG: 12.69%

Where NextEra Energy (NEE) stands on net margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

NextEra Energy (NEE) turns 30.18% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

NEE

Utilities industry group

30.18%

Group distribution

Max: 43.52%
NEE: 30.18%
Q3: 30.09%
Median: 23.50%
Q1: 16.61%
Min: 0.00%

Largest peers

NGG: 32.60%
NEE: 30.18%
D: 28.75%
SO: 25.82%
DUK: 25.51%
AEP: 23.74%
CEG: 21.86%

Where NextEra Energy (NEE) stands on operating margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

NextEra Energy (NEE) metric values compared with Utilities industry-group medians
Metric	Current stock: NEE	Industry group median
ROE (TTM)	10.33%	9.48%
ROA (TTM)	2.41%	2.98%
Net Margin (TTM)	29.37%	12.55%
Operating Margin (TTM)	30.18%	23.50%
Gross Margin (TTM)	61.40%	43.69%

Growth

Revenue Growth

NextEra Energy (NEE) grew revenue 10.74%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

NextEra Energy (NEE): Revenue Growth across different time periods, set against Utilities industry-group medians.

EPS Growth

NextEra Energy (NEE) grew earnings per share -2.63%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

NextEra Energy (NEE): EPS Growth across different time periods, set against Utilities industry-group medians.

Growth Metrics

NextEra Energy (NEE) metric values compared with Utilities industry-group medians
Metric	Current stock: NEE	Industry group median
Revenue Growth (YoY)	10.74%	8.34%
Revenue Growth (3Y CAGR)	9.36%	3.85%
EPS Growth (YoY)	-2.63%	3.93%
EPS Growth (3Y CAGR)	16.28%	5.17%

Financial Strength

Current Ratio (MRQ)

NextEra Energy (NEE) has current ratio of 0.54, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

NEE

Utilities industry group

0.54

Group distribution

Max: 1.74
Q3: 1.16
Median: 0.90
Q1: 0.65
NEE: 0.54
Min: 0.33

Largest peers

CEG: 1.36
D: 0.78
NGG: 0.76
DUK: 0.66
SO: 0.65
NEE: 0.54
AEP: 0.53

Where NextEra Energy (NEE) stands on current ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

NextEra Energy (NEE) has debt-to-equity ratio of 1.57, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

NEE

Utilities industry group

1.57

Group distribution

Max: 3.02
Q3: 1.79
NEE: 1.57
Median: 1.33
Q1: 0.85
Min: 0.00

Largest peers

SO: 1.90
DUK: 1.61
AEP: 1.57
NEE: 1.57
D: 1.55
NGG: 1.21
CEG: 0.66

Where NextEra Energy (NEE) stands on debt-to-equity ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

NextEra Energy (NEE) metric values compared with Utilities industry-group medians
Metric	Current stock: NEE	Industry group median
Current Ratio (MRQ)	0.54	0.90
Debt / Equity (MRQ)	1.57	1.33
Net Debt / EBITDA	7.23	5.41

Dividends

Dividend Yield (TTM)

NextEra Energy (NEE) has dividend yield of 2.64%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

NEE

Utilities industry group

2.64%

Group distribution

Max: 5.79%
Q3: 3.68%
Median: 2.87%
NEE: 2.64%
Q1: 1.91%
Min: 0.00%

Largest peers

D: 3.79%
DUK: 3.37%
SO: 3.13%
AEP: 2.87%
NEE: 2.64%
CEG: 0.63%
NGG: 0.59%

Where NextEra Energy (NEE) stands on dividend yield within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

NextEra Energy (NEE) has payout ratio of 58.95%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

NEE

Utilities industry group

58.95%

Group distribution

Max: 116.67%
Q3: 73.40%
NEE: 58.95%
Median: 58.69%
Q1: 36.87%
Min: 0.00%

Largest peers

D: 78.76%
SO: 75.70%
NGG: 71.18%
DUK: 65.23%
NEE: 58.95%
AEP: 55.62%
CEG: 13.81%

Where NextEra Energy (NEE) stands on payout ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

NextEra Energy (NEE) metric values compared with Utilities industry-group medians
Metric	Current stock: NEE	Industry group median
Dividend Yield (TTM)	2.64%	2.87%
Dividend Payout Ratio (TTM)	58.95%	58.69%

Valuation

P/E Ratio (TTM)

NextEra Energy (NEE) trades at P/E ratio of 22.32, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

NEE

Utilities industry group

22.32

Group distribution

Max: 30.81
Q3: 23.97
NEE: 22.32
Median: 20.72
Q1: 16.62
Min: 6.52

Largest peers

SO: 24.13
NEE: 22.32
CEG: 22.04
D: 20.60
AEP: 19.39
DUK: 19.37
NGG: 19.08

Where NextEra Energy (NEE) stands on P/E ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

NextEra Energy (NEE) trades at 6.58 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

NEE

Utilities industry group

6.58

Group distribution

NEE: 6.58
Max: 6.28
Q3: 3.59
Median: 2.76
Q1: 1.67
Min: 0.00

Largest peers

NEE: 6.58
NGG: 4.62
D: 3.52
SO: 3.51
AEP: 3.16
CEG: 3.14
DUK: 3.00

Where NextEra Energy (NEE) stands on P/S ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

NextEra Energy (NEE) trades at 3.32 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

NEE

Utilities industry group

3.32

Group distribution

NEE: 3.32
Max: 3.32
Q3: 2.37
Median: 1.86
Q1: 1.45
Min: 0.36

Largest peers

NGG: 9.47
NEE: 3.32
SO: 2.85
CEG: 2.84
AEP: 2.23
D: 2.18
DUK: 1.83

Where NextEra Energy (NEE) stands on P/B ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

NextEra Energy (NEE) metric values compared with Utilities industry-group medians
Metric	Current stock: NEE	Industry group median
P/E Ratio (TTM)	22.32	20.72
P/S Ratio (TTM)	6.58	2.76
P/B Ratio (MRQ)	3.32	1.86
Free Cash Flow Yield (TTM)	-10.06%	-5.91%