NextEra Energy
NEE · Multi-Utilities
$82.10
0.2%PG&E
PCG · Multi-Utilities
$12.63
2.7%The short version
- NextEra Energy is the larger business, with $25.8B of revenue in fiscal 2025 against $24.9B for PG&E.
- NextEra Energy grew revenue faster (9.8%, against 2.1%).
- NextEra Energy kept more of each dollar of sales as operating profit (32.1% operating margin, against 19.1% operating margin).
- Investors pay more for each dollar of NextEra Energy’s earnings: a P/E of 20.9x against 9.2x for PG&E.
| Latest fiscal year | NEE · FY25 | PCG · FY25 |
|---|---|---|
| Size | ||
| Market cap | $171.8B | $28.9B |
| Revenue | $25.8B | $24.9B |
| Free cash flow | — | −$3.1B |
| Net income | $6.8B | $2.7B |
| Growth | ||
| Revenue growth | 9.8% | 2.1% |
| 5-year growth | 8.7% | 6.2% |
| Share count change | 0.6% | 2.6% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 32.1% | 19.1% |
| Net margin | 26.5% | 10.8% |
| FCF margin | — | −12.3% |
| Return on capital | 5.5% | 5.4% |
| Return on equity | 13.1% | 8.6% |
| Balance sheet | ||
| Net debt | $93.3B | $59.4B |
| Net debt / EBITDA | 6.3x | — |
| Dividends and buybacks | $4.7B | $0.0M |
| Valuation & quality | ||
| P/E | 20.9x | 9.2x |
| Piotroski F-score | 5 | 4 |
FY16
NEE $16.1B
PCG $17.7B
FY17
NEE $17.2B
PCG $17.1B
FY18
NEE $15.4B
PCG $16.8B
FY19
NEE $17.5B
PCG $17.1B
FY20
NEE $17.0B
PCG $18.5B
FY21
NEE $18.8B
PCG $20.6B
FY22
NEE $23.0B
PCG $21.7B
FY23
NEE $24.8B
PCG $24.4B
FY24
NEE $23.5B
PCG $24.4B
FY25
NEE $25.8B
PCG $24.9B
NEE
PCG
FY16
NEE 27.6%
PCG 11.8%
FY17
NEE 30.1%
PCG 17.0%
FY18
NEE 27.8%
PCG −57.9%
FY19
NEE 30.6%
PCG −58.9%
FY20
NEE 30.1%
PCG 9.5%
FY21
NEE 15.5%
PCG 9.1%
FY22
NEE 17.7%
PCG 8.5%
FY23
NEE 41.3%
PCG 10.9%
FY24
NEE 31.8%
PCG 18.3%
FY25
NEE 32.1%
PCG 19.1%
NEE
PCG
FY16
NEE —
PCG −$1.3B
FY17
NEE —
PCG $336M
FY18
NEE —
PCG −$1.8B
FY19
NEE —
PCG −$1.5B
FY20
NEE —
PCG −$26.8B
FY21
NEE —
PCG −$5.4B
FY22
NEE —
PCG −$5.9B
FY23
NEE —
PCG −$5.0B
FY24
NEE —
PCG −$2.3B
FY25
NEE —
PCG −$3.1B
NEE
PCG
FY16
NEE 5.7%
PCG 7.5%
FY17
NEE 8.9%
PCG 11.1%
FY18
NEE 5.1%
PCG −20.3%
FY19
NEE 6.2%
PCG −27.0%
FY20
NEE 5.8%
PCG 4.2%
FY21
NEE 2.7%
PCG 1.5%
FY22
NEE 3.3%
PCG 2.7%
FY23
NEE 7.4%
PCG 3.5%
FY24
NEE 5.2%
PCG 5.4%
FY25
NEE 5.5%
PCG 5.4%
NEE
PCG
Add another company
Compare up to four at once.
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.