Nextera Energy
Nextera Energy returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 4.51% | — | 17.23% | 4.31% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 4.48% | — | 15.58% | 3.94% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | 4.67% | — | 13.06% | 3.39% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | 4.52% | — | 12.48% | 3.33% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 4.76% | — | 11.84% | 3.08% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 4.73% | — | 11.19% | 2.94% | — |
| FY 2024 Q4 | Dec 31, 2024 | 5.25% | 4.76% | -13.52% | 14.24% | 3.78% | 0.8 pp |
| FY 2024 Q3 | Sep 30, 2024 | 6.67% | 6.14% | 5.57% | 14.31% | 3.89% | 2.3 pp |
| FY 2024 Q2 | Jun 30, 2024 | 5.98% | 5.42% | -1.21% | 13.45% | 3.58% | 1.6 pp |
| FY 2024 Q1 | Mar 31, 2024 | 6.52% | 6.31% | 12.58% | 16.37% | 4.34% | 2.1 pp |
| FY 2023 Q4 | Dec 31, 2023 | 7.4% | 7.27% | 30.3% | 16.86% | 4.35% | 3 pp |
| FY 2023 Q3 | Sep 30, 2023 | 7.03% | 7.08% | 28.37% | 17.78% | 4.65% | 2.6 pp |
| FY 2023 Q2 | Jun 30, 2023 | 7.07% | 7.19% | 34.08% | 19.94% | 5.06% | 2.7 pp |
| FY 2023 Q1 | Mar 31, 2023 | 5.76% | 5.94% | — | 16.97% | 4.31% | 1.4 pp |
| FY 2022 Q4 | Dec 31, 2022 | 3.3% | 3.19% | 7.56% | 10.85% | 2.77% | -1.1 pp |
| FY 2022 Q3 | Sep 30, 2022 | 2.8% | 2.74% | 5.26% | 10.17% | 2.59% | -1.6 pp |
| FY 2022 Q2 | Jun 30, 2022 | 1.73% | 1.57% | -17.92% | 7.03% | 1.8% | -2.7 pp |
| FY 2022 Q1 | Mar 31, 2022 | — | 1.23% | — | 3.97% | 1.05% | — |
| FY 2021 Q4 | Dec 31, 2021 | 2.72% | 2.47% | -32.58% | 9.69% | 2.66% | -1.7 pp |
| FY 2021 Q3 | Sep 30, 2021 | 2.6% | 2.18% | -21.13% | 6.39% | 1.78% | -1.8 pp |
| FY 2021 Q2 | Jun 30, 2021 | 3.16% | 2.75% | -22.99% | 8.5% | 2.45% | -1.2 pp |
| FY 2021 Q1 | Mar 31, 2021 | 3.7% | 3.4% | -19.48% | 11.29% | 3.29% | -0.7 pp |
| FY 2020 Q4 | Dec 31, 2020 | 5.75% | 4.74% | 3.63% | 7.94% | 2.38% | 1.3 pp |
| FY 2020 Q3 | Sep 30, 2020 | 5.55% | 4.78% | -6.88% | 10.56% | 3.24% | 1.1 pp |
| FY 2020 Q2 | Jun 30, 2020 | 6.4% | 5.48% | 10.73% | 9.86% | 3.05% | 2 pp |
| FY 2020 Q1 | Mar 31, 2020 | 7.42% | 6.26% | 38.16% | 9.94% | 3.06% | 3 pp |
| FY 2019 Q4 | Dec 31, 2019 | 5.99% | 5.64% | 15.42% | 10.59% | 3.4% | 1.6 pp |
| FY 2019 Q3 | Sep 30, 2019 | 6.88% | 5.98% | — | 9.08% | 3.02% | 2.5 pp |
| FY 2019 Q2 | Jun 30, 2019 | 6.12% | 5.47% | — | 9.84% | 3.24% | 1.7 pp |
| FY 2019 Q1 | Mar 31, 2019 | 5.22% | 4.98% | — | 8.68% | 2.86% | 0.8 pp |
| FY 2018 Q4 | Dec 31, 2018 | 4.9% | 4.96% | — | 21.29% | 6.59% | 0.5 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 3.99% | — | 27.65% | 8.58% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 4.54% | — | 27.91% | 8.73% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 4.78% | — | 28.26% | 8.87% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 6.43% | — | 20.47% | 5.73% | — |
| FY 2017 Q3 | Sep 30, 2017 | 7.21% | 7.4% | 21.62% | 16.65% | 4.54% | 2.8 pp |
| FY 2017 Q2 | Jun 30, 2017 | 7% | 7.46% | 14.64% | 16.68% | 4.59% | 2.6 pp |
| FY 2017 Q1 | Mar 31, 2017 | 6.87% | 7.43% | 15.26% | 15.87% | 4.37% | 2.5 pp |
| FY 2016 Q4 | Dec 31, 2016 | 5.89% | 6.09% | -1.91% | 12.41% | 3.38% | 1.5 pp |
| FY 2016 Q3 | Sep 30, 2016 | 5.79% | 6.2% | -12.85% | 10.54% | 2.9% | 1.4 pp |
| FY 2016 Q2 | Jun 30, 2016 | 6.2% | 6.71% | -3.28% | 11.51% | 3.15% | 1.8 pp |
| FY 2016 Q1 | Mar 31, 2016 | 6.29% | 6.79% | 1.43% | 12.69% | 3.43% | 1.9 pp |
| FY 2015 Q4 | Dec 31, 2015 | 6.43% | 6.73% | 4.98% | 12.95% | 3.5% | 2 pp |
| FY 2015 Q3 | Sep 30, 2015 | 7.26% | 8% | 31.57% | 15.22% | 4.11% | 2.9 pp |
| FY 2015 Q2 | Jun 30, 2015 | 6.99% | 7.67% | 32.99% | 14.64% | 3.91% | 2.6 pp |
| FY 2015 Q1 | Mar 31, 2015 | 6.65% | 7.6% | 28.26% | 13.99% | 3.7% | 2.2 pp |
| FY 2014 Q4 | Dec 31, 2014 | 6.4% | 6.99% | 35.5% | 12.99% | 3.42% | 2 pp |
| FY 2014 Q3 | Sep 30, 2014 | — | 5.79% | — | — | 2.74% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 5.95% | — | — | 2.85% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 6.16% | — | — | 3.08% | — |
| FY 2013 Q4 | Dec 31, 2013 | 5.07% | 5.6% | -5.62% | 11.19% | 2.85% | 0.7 pp |
| FY 2013 Q3 | Sep 30, 2013 | — | 5.94% | — | — | 3.11% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 5.31% | — | — | 2.75% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 5.53% | — | — | 2.8% | — |
| FY 2012 Q4 | Dec 31, 2012 | 6.16% | 6.18% | -4.28% | 12.32% | 3.14% | 1.8 pp |
| FY 2012 Q3 | Sep 30, 2012 | — | 7.25% | — | — | 3.62% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 7.75% | — | — | 3.73% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 7.76% | — | — | 3.76% | — |
| FY 2011 Q4 | Dec 31, 2011 | 7.45% | 7% | — | 13.08% | 3.49% | 3 pp |
| FY 2011 Q3 | Sep 30, 2011 | — | 5.73% | — | — | 2.78% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 6.35% | — | — | 3.46% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | 6.09% | — | — | 3.2% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | 7.36% | — | 14.27% | 3.86% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | 7.73% | — | — | 4.09% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 7.27% | — | — | 3.8% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 4.4%, rounded from the Utility · General benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · NEE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.