Short answer
NextEra Energy (NEE) filed its fiscal 2025 10-K annual report with the SEC on Feb 13, 2026. It reported revenue of $25.8B (+9.8% year over year) and net income of $6.8B.
- Top risk flagged: Cybersecurity operational risk managed by VP CIO, VP Cybersecurity with 50+ years combined experience, reported directly to Board of Directors
FY2025 key financial metrics · XBRL
- Revenue
- $25.8B
- +9.8% YoY
- Net income
- $6.8B
- −1.6% YoY
- Operating margin
- 32.1%
- +0.3 pp YoY
- EPS (diluted)
- $3.30
- −2.1% YoY
- ROE
- 12.5%
- −1.3 pp YoY
- Operating cash flow
- $12.5B
- −5.8% YoY
Source: XBRL data from the NextEra Energy (NEE) FY2025 10-K on SEC EDGAR. USD.
NextEra Energy FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
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