NextEra Energy (NEE)
Forward P/E is 19.85x against a peer median of 17.92x, a ratio of 1.11x — inside the 0.90–1.15 fairly priced band, near its top — with trailing P/E 14.77x and PEG 2.47. Latest-quarter revenue grew only 1.7% year over year (PRIMARY, EDGAR), below the peer pace, which stops any move to undervalued but is not a fall to 0% or below. Delivered demand check: the multi-utilities group's median growth was 3.2% year over year — demand steady, and NextEra is growing slower than that pace.
What would change this label: Move to OVERVALUED if the forward P/E rises above about 20.6x (1.15x the peer median) at unchanged estimates, or if revenue growth falls to 0% or below for two quarters while the multiple stays above 19x. Move to UNDERVALUED if the forward P/E compresses to about 16.1x or below (0.90x the peer median) at unchanged estimates with revenue growth rising above 3.2% year over year.
NextEra runs a large Florida electricity utility and a big wind and solar business. Its shares trade a little above similar utilities, at about 20 times expected earnings, while sales grew under 2%. That is near the top of fair value — fairly priced overall, with no bargain on offer.
Both lines start at 100 on 2020-09-01. Over the full window NextEra Energy returned +18.96% and the S&P 500 +118.28% (price returns; dividends not reinvested). Worst peak-to-trough fall for NextEra Energy: -47.2% (2021-12-31 to 2023-10-09). Source: Nasdaq official daily history.
What the label rests on
Forward P/E is 19.85x against a peer median of 17.92x, a ratio of 1.11x — inside the 0.90–1.15 fairly priced band, near its top — with trailing P/E 14.77x and PEG 2.47. Latest-quarter revenue grew only 1.7% year over year (PRIMARY, EDGAR), below the peer pace, which stops any move to undervalued but is not a fall to 0% or below. Delivered demand check: the multi-utilities group's median growth was 3.2% year over year — demand steady, and NextEra is growing slower than that pace. The company’s forward P/E is 19.9× against a peer median of 17.9×. Its own history: UNVERIFIED — no sourced range available. Sector demand read: Delivered demand check: the multi-utilities group's median latest-quarter revenue growth was 3.2% year over year (SEC filings) — demand steady. NextEra grew 1.7%, slower than that pace. Latest-quarter sales growth was +1.7% versus a year earlier (SEC filings).
| Company | Price (Oct 28, 2026) | Forward P/E | Trailing P/E |
|---|---|---|---|
| NextEra Energy (NEE) | $82.03 | 19.9× | 14.8× |
| D | $65.12 | 17.9× | 22.8× |
| SRE | $85.18 | 16.1× | 24.6× |
| XEL | $78.03 | 18.3× | 21.4× |
| ED | $115.28 | 18.2× | 18.9× |
| PCG | $13.15 | 7.5× | 9.8× |
| Peer median | 17.9× |
Multiples: stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026. Peer set chosen by sector; the median is the middle value of the set. The label and its numbers were recorded in the programme’s label registry on Oct 28, 2026 and will be scored at 6 and 12 months.
Sales, profit and cash
This company does not report a gross-profit line in its SEC facts (normal for banks, payment networks and some health insurers), so profit is shown as net income instead — gross margin is marked UNVERIFIED-absent rather than estimated.
Free cash flow by quarter is not shown for NextEra Energy. Its SEC cash-flow facts do not separately tag spending on plant and equipment (normal for a bank), so a quarterly free-cash-flow figure cannot be built without estimating — and this programme does not estimate.
| Quarter | Sales | Gross margin | Net income | EPS (GAAP, diluted) | Free cash flow |
|---|---|---|---|---|---|
| Q/E Mar 2026 2026-03-31 | $6.1B | — | $2.2B | 1.04 | — |
| Q/E Dec 2025 2025-12-31 | $6.1B | — | $1.5B | — | — |
| Q/E Sep 2025 2025-09-30 | $7.4B | — | $2.4B | 1.18 | — |
| Q/E Jun 2025 2025-06-30 | $6.4B | — | $2.0B | 0.98 | — |
| Q/E Mar 2025 2025-03-31 | $6.0B | — | $833M | 0.40 | — |
| Q/E Dec 2024 2024-12-31 | $5.3B | — | $1.2B | — | — |
| Q/E Sep 2024 2024-09-30 | $6.7B | — | $1.9B | 0.90 | — |
| Q/E Jun 2024 2024-06-30 | $6.0B | — | $1.6B | 0.79 | — |
| Q/E Mar 2024 2024-03-31 | $5.4B | — | $2.3B | 1.10 | — |
| Q/E Dec 2023 2023-12-31 | $5.6B | — | $1.2B | — | — |
| Q/E Sep 2023 2023-09-30 | $7.2B | — | $1.2B | 0.60 | — |
| Q/E Jun 2023 2023-06-30 | $6.3B | — | $2.8B | 1.38 | — |
The last twelve reported quarters. Full 23-quarter history sits in the data pack behind this page. A dash means the figure is not tagged as a standalone quarter in the company’s SEC facts (the usual case is the fourth quarter, which many companies only report inside the full-year filing) — it is missing, not zero.
Earnings: getting better or worse?
Each box is one quarter’s earnings per share (EPS). Green means EPS was higher than the same quarter a year earlier; red means lower; a dash means the figure is not tagged in the filings.
Basis: GAAP diluted EPS from SEC company facts, compared with the same quarter a year earlier.
Key facts
| Item | Value |
|---|---|
| Company (legal name in filings) | NEXTERA ENERGY INC |
| Chief executive | John W. Ketchum (source: https://en.wikipedia.org/wiki/NextEra_Energy) |
| Sector | Utilities — Multi-Utilities — sells electricity from a large Florida utility and from wind, solar and nuclear generation across North America |
| Share price (Oct 28, 2026) | $82.03 |
| Market value (market cap) | $171.9B — share price times shares outstanding of 2,085,341,456 (SEC filings; SEC EDGAR dei EntityCommonStockSharesOutstanding (latest)) |
| Sales, last twelve months | $26.0B |
| Net income, last twelve months | $8.2B |
| Free cash flow, last twelve months | — |
| Latest reported quarter | Q/E Mar 2026 (of 23 quarters in the data pack) |
| Six-year price return vs S&P 500 | +18.96% vs +118.28% |
| Worst peak-to-trough fall | -47.2% (2021-12-31 to 2023-10-09) |
What we could not verify
- Gross profit / gross margin: not tagged as a standalone line in this company's EDGAR company facts (common for banks, payment networks and some healthcare payers) — shown as UNVERIFIED-absent; the page charts revenue and net income instead.
- TTM GAAP diluted EPS could not be summed from company facts because at least one of the last four quarters (typically Q4) has no standalone tagged EPS; trailing P/E is therefore taken from the labelled secondary source in valuation_label.md.
- Free cash flow is absent for one or more quarters: either the filer does not separately tag PP&E purchases in its EDGAR cash-flow facts (common for banks), or — for a successor registrant's newest quarter — the cash-flow lines are year-to-date without the prior-quarter rung needed to difference them. Affected quarters are null in the data, never estimated.
- Own-history P/E range not yet compiled for this company in the Phase 1 batch run; the label rests on peer-median, growth and PEG evidence.
- Guidance record (each quarter scored against the guidance the company gave the quarter before) is not yet compiled for this company — it is a Phase 2 layer. The earnings strip below therefore uses reported EPS versus a year earlier, which is fully sourced from filings.
The IT factor — the most exciting thing the market is overlooking — is not assessed on an X-Ray page. It belongs to the Deep Dive (Phase 2), where it gets the evidence standard it needs. Leadership-era scoring (the six years split by chief executive) is likewise a Phase 2 layer; this page names the current chief executive only, from a sourced profile.
Sources
- SEC EDGAR submissions — Filing index; company legal name.
https://data.sec.gov/submissions/CIK0000753308.json - SEC EDGAR company facts — Quarterly financial spine: revenue, gross profit, net income, GAAP diluted EPS, operating cash flow, PP&E capex, buybacks, dividends, diluted shares.
https://data.sec.gov/api/xbrl/companyfacts/CIK0000753308.json - Nasdaq official daily history — Daily closes for the company; SPY (assetclass=etf) saved as raw/nasdaq_spy_raw.json over identical dates.
https://api.nasdaq.com/api/quote/NEE/historical?assetclass=stocks - Valuation multiples and peer figures — stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026; see valuation_label.md in the data pack.
Conventions: earliest-filed value per period, as first reported; cash-flow years-to-date differenced quarter by quarter; EPS never differenced; free cash flow = operating cash flow minus plant-and-equipment spending. This page is a dated snapshot — updates are new versions, never silent edits.