Consolidated Edison
ED · Multi-Utilities
$115.74
0.4%NextEra Energy
NEE · Multi-Utilities
$82.10
0.2%The short version
- NextEra Energy is the larger business, with $25.8B of revenue in fiscal 2025 against $16.9B for Consolidated Edison, about 1.5 times as much.
- Consolidated Edison grew revenue faster (10.9%, against 9.8%).
- NextEra Energy kept more of each dollar of sales as operating profit (32.1% operating margin, against 17.4% operating margin).
- NextEra Energy earned a higher return on the capital invested in it (5.5%, against 4.7%).
- Investors pay more for each dollar of NextEra Energy’s earnings: a P/E of 20.9x against 19.5x for Consolidated Edison.
| Latest fiscal year | ED · FY25 | NEE · FY25 |
|---|---|---|
| Size | ||
| Market cap | $42.2B | $171.8B |
| Revenue | $16.9B | $25.8B |
| Free cash flow | $36.0M | — |
| Net income | $2.0B | $6.8B |
| Growth | ||
| Revenue growth | 10.9% | 9.8% |
| 5-year growth | 6.7% | 8.7% |
| Share count change | 3.3% | 0.6% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 17.4% | 32.1% |
| Net margin | 12.0% | 26.5% |
| FCF margin | 0.2% | — |
| Return on capital | 4.7% | 5.5% |
| Return on equity | 8.8% | 13.1% |
| Balance sheet | ||
| Net debt | $25.8B | $93.3B |
| Net debt / EBITDA | 4.9x | 6.3x |
| Dividends and buybacks | $1.2B | $4.7B |
| Valuation & quality | ||
| P/E | 19.5x | 20.9x |
| Piotroski F-score | 6 | 5 |
FY16
ED $12.1B
NEE $16.1B
FY17
ED $12.0B
NEE $17.2B
FY18
ED $12.3B
NEE $15.4B
FY19
ED $12.6B
NEE $17.5B
FY20
ED $12.2B
NEE $17.0B
FY21
ED $13.7B
NEE $18.8B
FY22
ED $15.7B
NEE $23.0B
FY23
ED $14.7B
NEE $24.8B
FY24
ED $15.3B
NEE $23.5B
FY25
ED $16.9B
NEE $25.8B
ED
NEE
FY16
ED 23.0%
NEE 27.6%
FY17
ED 23.1%
NEE 30.1%
FY18
ED 21.6%
NEE 27.8%
FY19
ED 21.3%
NEE 30.6%
FY20
ED 21.7%
NEE 30.1%
FY21
ED 20.7%
NEE 15.5%
FY22
ED 16.8%
NEE 17.7%
FY23
ED 21.8%
NEE 41.3%
FY24
ED 17.5%
NEE 31.8%
FY25
ED 17.4%
NEE 32.1%
ED
NEE
FY16
ED $624M
NEE —
FY17
ED $339M
NEE —
FY18
ED −$556M
NEE —
FY19
ED −$104M
NEE —
FY20
ED −$1.1B
NEE —
FY21
ED −$897M
NEE —
FY22
ED $111M
NEE —
FY23
ED −$2.2B
NEE —
FY24
ED −$1.2B
NEE —
FY25
ED $36.0M
NEE —
ED
NEE
FY16
ED 6.4%
NEE 5.7%
FY17
ED 7.0%
NEE 8.9%
FY18
ED 6.2%
NEE 5.1%
FY19
ED 5.9%
NEE 6.2%
FY20
ED 6.1%
NEE 5.8%
FY21
ED 5.7%
NEE 2.7%
FY22
ED 4.5%
NEE 3.3%
FY23
ED 5.9%
NEE 7.4%
FY24
ED 4.9%
NEE 5.2%
FY25
ED 4.7%
NEE 5.5%
ED
NEE
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.