Question 1

What is NextEra Energy's P/FCF ratio?

Accepted Answer

NextEra Energy (NEE) P/FCF ratio is 79.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for NextEra Energy?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For NextEra Energy specifically, the relevant sector benchmark is the current sector median of 45.4×.

Question 5

Is NextEra Energy's P/FCF ratio high or low?

Accepted Answer

NextEra Energy's P/FCF ratio of 79.0× is below its own 5-year average of 535.3× and above the sector median of 45.4×. That places the current reading at the 78th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is NextEra Energy's historical P/FCF ratio range?

Accepted Answer

In the available daily series, NextEra Energy (NEE) P/FCF ratio has ranged from a low of 6.8× in 2002 to a high of 6821.8× in 2021. The 5-year average is 535.3× and the 5-year median is 47.1×.

Question 7

What was NextEra Energy's P/FCF ratio in 2025?

Accepted Answer

NextEra Energy (NEE) P/FCF ratio at the end of 2025 was 52.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does NextEra Energy's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$168B	$3.21B	52.2×	+21.2×	Dec 31, 2025
2024	$147B	$4.75B	31.1×	-40.0×	Dec 31, 2024
2023	$125B	$1.75B	71.1×	—	Dec 31, 2023
2022	$166B	-$1.48B	—	—	Dec 31, 2022
2021	$184B	-$277M	—	—	Dec 31, 2021
2020	$151B	$575M	263.0×	—	Dec 31, 2020
2019	$118B	-$2.92B	—	—	Dec 31, 2019
2018	$83.1B	$583M	142.5×	+66.5×	Dec 31, 2018
2017	$73.6B	$968M	76.0×	+49.3×	Dec 31, 2017
2016	$56B	$2.1B	26.7×	+5.4×	Dec 31, 2016
2015	$47.9B	$2.24B	21.3×	-1.8×	Dec 31, 2015
2014	$46.3B	$2B	23.2×	+3.3×	Dec 31, 2014
2013	$37.2B	$1.87B	19.8×	—	Dec 31, 2013
2012	$29.3B	-$878M	—	—	Dec 31, 2012
2011	$25.5B	$47M	542.7×	+518.5×	Dec 31, 2011
2010	$21.5B	$887M	24.3×	+10.2×	Dec 31, 2010
2009	$21.5B	$1.53B	14.1×	-3.8×	Dec 31, 2009
2008	$20.2B	$1.13B	17.9×	+2.3×	Dec 31, 2008
2007	$27B	$1.74B	15.6×	-16.5×	Dec 31, 2007
2006	$21.5B	$672M	32.0×	—	Dec 31, 2006
2005	$16B	-$69M	—	—	Dec 31, 2005
2004	$13.4B	$1.12B	12.0×	-1.4×	Dec 31, 2004
2003	$11.6B	$863M	13.4×	+3.7×	Dec 31, 2003
2002	$10.3B	$1.06B	9.7×	—	Dec 31, 2002


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	45.4×
UGI (UGI)	32.9×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	9.3×

P/FCF Ratio for NextEra Energy (NEE) 2002-2026

P/FCF Ratio daily chart for NextEra Energy (NEE)

Historical P/FCF Ratio for NextEra Energy (NEE) from 2002 to 2025

About P/FCF Ratio at NextEra Energy (NEE)

NextEra Energy P/FCF Ratio by Year

NextEra Energy P/FCF Ratio 2025: 52.2×

NextEra Energy P/FCF Ratio 2024: 31.1×

NextEra Energy P/FCF Ratio 2023: 71.1×

NextEra Energy P/FCF Ratio 2020: 263.0×

NextEra Energy P/FCF Ratio 2018: 142.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

NextEra Energy (NEE) Key Financials