NextEra Energy (NEE) FY2025 10-K Annual Report

Filed: Feb 13, 2026
Utilities
Electric ServicesSEC EDGAR

NextEra Energy (NEE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 13, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

NextEra Energy FY2025 10-K Analysis

Business Overview

  • Core business: Electric power generation, transmission, and distribution with emphasis on sustainable energy solutions
  • No new products, services, or segments introduced or emphasized this year in Business section
  • Maintained existing corporate governance structures, including adoption of Senior Financial Executive Code of Ethics
  • Equity compensation plan covers 15,406,835 securities with weighted-average exercise price $60.08 and 54,567,191 shares available for future issuance
  • Auditor fees for fiscal 2025 totaled $4.63M, with audit-related fees $802K mainly for storm cost audits and IT control assessments

Management Discussion & Analysis

  • Revenue drivers: FPL net income $5,012M up $469M YoY; NEER net income $2,975M up $676M YoY; Corporate/Other loss $(1,152)M vs $104M gain prior year
  • Profitability: NEE net income $6,835M down $111M YoY; effective tax rate (18)% vs 6% in prior year
  • Best segment: FPL highest net income $5,012M with $469M increase; worst segment Corporate/Other $(1,152)M loss driven by higher interest expense and unfavorable hedges
  • Cash flow/allocation: $5.5B increase in FPL rate base investments; storm restoration surcharge collections approx. $1.2B subject to FPSC review; no explicit buyback/dividend data provided
  • Outlook/risks: OBBBA tax changes, federal tariffs, and policy changes pose risk; NEE expects pipeline qualifying for clean energy tax credits through 2030

Risk Factors

  • Cybersecurity operational risk managed by VP CIO, VP Cybersecurity with 50+ years combined experience, reported directly to Board of Directors
  • Board receives ongoing updates on active cybersecurity incidents, threat landscape, and annual cyber drill results
  • Cybersecurity oversight by multiple high-level committees including Cybersecurity and Resiliency Committee with executive VP and CFO participation
  • Potential disruption from cyber threats impacting physical and cyber security policies across NextEra Energy and subsidiaries

NextEra Energy FY2025 Key Financial Metrics
XBRL

Revenue

$25.8B

+9.8% YoY

Net Income

$6.8B

-1.6% YoY

Operating Margin

32.1%

+27bp YoY

Net Margin

26.5%

-307bp YoY

ROE

12.5%

-135bp YoY

Total Assets

$212.7B

+11.9% YoY

EPS (Diluted)

$3.30

-2.1% YoY

Operating Cash Flow

$12.5B

-5.8% YoY

Source: XBRL data from NextEra Energy FY2025 10-K filing on SEC EDGAR. All figures in USD.

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