NextEra Energy, Inc.

NEENYSEUtilities● Active

$85.53

$-0.32(-0.37%)

Market Cap$178.3B

P/E Ratio—

52W High$98.75

52W Low$67.2

Avg Volume10.4M

Open$85.71

Beta0.67

Overview

NextEra Energy, Inc. (NEE) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NEE · free cash flow · updated Jun 8, 2026

Core FCF metrics

NEE · FCF · TTM · margin & CAGR

Free cash flow was $3.21B for FY2025 (fiscal year ending 2025-12-31), down 32.3% year-over-year The FCF margin was 11.7%. Five-year CAGR stands at +70.3%.

FY2025 Free Cash Flow$3.21B▼ -32.3% YoY

Trailing 12M (TTM)$2.36Btrailing 4 quarters sum

FCF Margin11.7%$3.21B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR+70.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NEE · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$12.48B(9.27B)$3.21B▼ 32.3%11.7%

FY2024$13.26B(8.51B)$4.75B▲ +170.7%19.2%

FY2023$11.30B(9.55B)$1.75B▲ +218.4%6.2%

FY2022$8.26B(9.74B)−$1.48B▼ 434.3%-7.1%

FY2021$7.55B(7.83B)−$277.0M▼ 223.7%-1.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NEE · P/FCF · FCF yield · FCF per share

NextEra Energy, Inc. (NEE) trades at a FCF yield of 1.33% and a price-to-free-cash-flow ratio of 75.7x. FCF per share stands at $1.13, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.33%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.13

TTM FCF ÷ Shares Outstanding

Price / FCF

x75.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x118.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

NEE · cash flow statement · operating / investing / financing

For FY2025, NextEra Energy, Inc. generated $12.48B in operating cash flow and spent 9.27B in capital expenditures, yielding $3.21B in free cash flow.

Operating Activities

+$12.48B

Cash from core business operations

2025-12-31

Investing Activities

−$23.86B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$12.98B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($12.48B) − |CapEx| (9.27B) = FCF ($3.21B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

NEE vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

NextEra Energy, Inc.YOU

NEE

$3.21B-32.3%11.7%

87%

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

NextEra Energy, Inc. (NEE) reported free cash flow of $3.21B for FY2025 (fiscal year ending 2025-12-31), down 32.3% year-over-year. The FCF margin was 11.7%.

Based on available data, NextEra Energy, Inc. has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $4.75B in FY2024. The 5-year CAGR stands at +70.3%.

NextEra Energy, Inc.'s FCF yield is 1.33% and price-to-FCF ratio is 75.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NEE free cash flow · 8 questions

NextEra Energy, Inc. free cash flow was $3.21B for FY2025, down 32.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.36B.

NEE free cash flowNEE FCFNEE FCF 2025NEE free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · NextEra Energy, Inc. · NextEra Energy, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026