NEE NextEra Energy, Inc. Common Stock
NYSE · Utilities · View on SEC EDGAR ↗ close Oct 6, 2026 10-K/10-Q Jul 24, 2026NEE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| Oct. 27, 2020 | 4-for-1 | Forward |
| March 16, 2005 | 2-for-1 | Forward |
| Jan. 31, 1985 | 2-for-1 | Forward |
About NextEra Energy, Inc. Common Stock Company overview from Wikipedia
NextEra Energy, Inc. is an American energy company that is the world's largest electric utility holding company by market capitalization, with a valuation of over $187 billion as of July 2026. NextEra Energy had revenues of $24.8 billion and 16,700 employees throughout the US and Canada in 2024. It has a current generating capacity of 73 gigawatts. Its subsidiaries include Florida Power & Light (FPL), NextEra Energy Resources (NEER), XPLR Energy Partners, and NextEra Energy Services.
FPL, the largest of its subsidiaries, is the third largest electric utility company in the United States. NEER, together with its affiliated entities, is the world's largest generator of renewable energy from wind and solar. In addition to wind and solar, NextEra Energy Resources owns and operates generating plants powered by natural gas, nuclear energy, and oil. As of March 2025, approximately 36% of NextEra Energy's generating capacity was from fossil fuels and non-renewables, down from 41% in 2020.
Corporate history
NextEra Energy traces its origins to 1925 with the formation of Florida Power & Light and the formation of FPL Group in 1984.
The company purchased Colonial Penn in 1985 and sold it in 1991. In 1998, FPL Group created FPL Energy, a subsidiary to manage FPL Group efforts outside of FPL's service area. The same year, the company moved to acquire 37 power stations in Maine, Massachusetts, and New Jersey. After a federal ruling would have limited the company's access to the New England power grid, FPL Group attempted to break off its purchase agreement in Maine, but ultimately completed the purchase in March 1999.
Through the early 2000s, FPL Group was the subject of multiple merger discussions, including with Iberdrola, Entergy, and Constellation Energy. In 2005, FPL Group acquired Gexa Energy.
In 2007, Florida's Public Service Commission rejected a plan by NextEra Energy to build a coal-burning power plant on 5,000 acres (20 km2) in Moore Haven, Florida, near the Everglades National Park. The National Park Service raised concerns that the coal plant would contaminate Lake Okeechobee with mercury and harm the Everglades.
In 2008 the Environmental Protection Agency recognized FPL Group for achieving its goal to reduce its emissions by 21 percent per kilowatt hour. The FPL Group Foundation, the company's philanthropic arm, donated $1 million to the Salvation Army in 2009 to help customers pay their power bills. The following year, FPL Group rebranded as NextEra Energy. At the time, it provided electricity in 28 U.S. states and Canada.
The 2010s saw additional merger and acquisition attempts by NEE, including with Hawaiian Electric Industries, Oncor Electric Delivery, SCANA, Santee Cooper, and Gulf Power Company. Of these, only the Gulf Power acquisition was successful. The acquisition was completed in January 2019 and NEE merged Gulf Power with FPL in January 2022. As part of the deal, NEE also acquired Plant Oleander and a 65 percent stake in the Stanton Energy Center natural gas power plants. In July 2013, NextEra Energy partnered with Spectra Energy in a $3 billion investment for the construction of a natural gas pipeline in Florida.
NextEra Energy subsidiary New Hampshire Transmission (NHT) reached a $6.8 million settlement with the Federal Energy Regulatory Commission (FERC) in 2016 after charging customers for the development of an electric power transmission project that was not approved. During the 2016 Republican Party presidential primaries, NextEra Energy donated $1 million to a super PAC supporting Jeb Bush's candidacy. In August 2016, NextEra Energy sold $1.5 billion in equity to Mizuho Securities, Credit Suisse and Goldman Sachs.
In 2018, NextEra Energy and Entergy left the Nuclear Energy Institute. In February of that year, it filed a lawsuit against the Institute alleging that the trade group had inappropriately cut off its access to a database of nuclear power workers. The lawsuit stated NEE disagreed with the Institute's priorities and that the trade group was advocating for policies that would be damaging to NextEra Energy's business; it also alleged the group was extorting NextEra Energy for $860,000 to regain access to the database. The Institute called the allegations "baseless". A judge in Florida rejected NEE's claims in September 2018.
In June 2018, the United States Court of Appeals for the Eleventh Circuit rejected NextEra Energy's claim for a $97 million tax deduction for $200 million paid in contract fees to the federal government toward the Nuclear Waste Fund. NextEra Energy sought to deduct payments made between 2003 and 2010 for "the disposal of radioactive waste produced by nuclear power plants".
In August 2018, NextEra Energy received a cease and desist order by Oklahoma state officials concerning the construction of wind turbines violating a state law intended to protect open air space. The law requires that developers obtain appropriate permitting from the Federal Aviation Administration or the United States Department of Defense. NextEra Energy had filed obstruction evaluation cases for the construction of wind turbines in Oklahoma with the FAA in March 2018, but the FAA had yet to issue determinations at the time that the cease and desist order was issued. The construction of the wind farm was cancelled in May 2019.
In 2022, NextEra paid $8 million for the deaths of over 150 eagles at wind farms missing eagle permits. In June 2024 the company sold $2 billion in equity to BofA Securities and Wells Fargo Securities. On December 8, 2025, NextEra announced it would expand its partnership with Google Cloud by developing approximately 15 gigawatts of new power generation capacity by 2035 to support several large-scale data center campuses in the United States. On May 18, 2026, NextEra announced that deal had been reached to acquire Dominion Energy in an all-stock transaction valued at approximately $67 billion. In May 2026, the company acquired Caliber Resource Partners in a deal that valued the company at $1.3 billion.
Lobbying and political influence
In 2025, NextEra was one of the donors that funded the White House's East Wing demolition and planned building of a ballroom.
Criticism
Avangrid transmission line project
In 2021, NextEra opposed and lobbied heavily against a transmission line project proposed by Avangrid, Inc. The 145-mile line, known as New England Clean Energy Connect, was designed to deliver hydroelectric power from Quebec to utilities in Massachusetts and Maine. The hydropower would have competed with NextEra's oil-fired power plant in Yarmouth. “In doing so,” Avangrid wrote, “NextEra is purposely trying to thwart the goals of Maine and Massachusetts to obtain more renewable power.” According to Daily Energy Insider, Avangrid had obtained every regulatory approval required at the state and federal levels, and the project was supported by Maine Gov. Janet Mills, Massachusetts Gov. Charlie Baker, U.S. Energy Secretary Jennifer Granholm, and Maine's major newspapers.
In November 2021, the voters of Maine approved a ballot initiative to prohibit construction of the $1 billion transmission line project, which had been represented as a choice between clean energy and the protection of pristine woodlands. In 2023, a jury verdict allowed the project to proceed despite the voter referendum. In November 2025, it was reported that Avangrid had obtained the final permit necessary to complete and energize the transmission line. In January 2026, it was reported that New England Clean Energy Connect was complete and commercial operations of the transmission line began on January 16, 2026.
Solar power ballot initiatives
NextEra Energy has backed failed ballot amendment campaigns to impose fees and barriers to installations of rooftop solar panels. In 2016, Florida Power & Light, which is a subsidiary of NextEra Energy, partnered with Devon Energy, and Tampa Electric Company. Together, they spent $20 million promoting a failed ballot initiative in Florida that would have restricted rooftop solar installations. “Over the last several years, NextEra has been very aggressive against customer-owned solar,” says Alissa Schafer, a researcher with the Energy and Policy Institute, a clean energy advocacy group.
In 2021, investigative reporting by the Miami Herald revealed that NextEra Energy had lobbied Florida legislators to undermine rooftop solar by preventing homeowners and businesses to engage in net metering (selling excess power back to FPL). NextEra Energy made a $10,000 donation to Women Building the Future, drafted a bill, had their lobbyist deliver the bill to Florida legislator Jennifer Bradley, and subsequently donated $10,000 to her re-election campaign. “This is a tired tactic that utilities have used to maintain their monopoly grip on electricity markets,” said Will Giese, southeast regional director for the Solar Energy Industries Association. Opponents of the legislation claimed that if such bills pass, the fast-growing green power industry would quickly start to collapse.
Florida legislature candidates
In 2021, investigative reporting by the Orlando Sun Sentinel revealed that FPL gave more than $3 million to political consultants to promote "ghost" spoiler candidates in key Florida legislature races. The spoiler candidates were on the ballot as a no-party option and were intended to confuse voters and dilute support for the Democratic candidate in each race. An accomplice named "Rodriguez" ran as a sham candidate and siphoned away votes from the Democratic candidate, also named Rodriguez. The mailing campaign employed the language of the Democratic candidate and had the accomplice focusing on fixing health care, and fighting climate change, all paid for by new, out-of-state political committees. The Democrats lost by a mere thirty-two votes. Former senator Frank Artiles and his accomplice were each charged with three third-degree felony charges related to violating campaign finance law, conspiracy to make campaign contributions in excess of legal limits, also making these excess contributions, and false swearing in connection to an election.
Artiles has for years associated with Florida utilities, including NextEra and its subsidiary FPL. Artiles obtained over $30,000 in political contributions from Florida utilities throughout his time in office, which included a direct contribution of $6,000 from NextEra. Veterans for Conservative Principles, his political committee, accepted close to $13,000 from NextEra. Prior to his resignation from the Florida Senate in April 2017, Artiles fast-tracked pro-utility bills as former chairman of the Florida Senate’s Communications, Energy and Public Utilities Committee, including a bill that would have permitted NextEra to charge its fracking costs to Florida ratepayers.
In 2018, Senator Keith Perry won re-election against Democrat Kayser Enneking by around 2,000 votes, due to independent Charles Goston pulling votes away from Enneking. According to the Sentinel, FPL donated $14.15 million to a political ad nonprofit whose consultants were connected to one of the groups that paid for Goston's ads. FPL has also donated $20,000 to Perry’s political committee, Building a Prosperous Florida. The year before, Perry voted in support of NextEra’s exploratory fracking legislation while serving on the committee chaired by Artiles. Perry has accepted $13,500 in direct political donations from Florida utilities, including $1,000 from NextEra, according to campaign finance filings.
In 2026, NextEra agreed to a proposed $150 million dollar settlement to resolve a securities class‑action lawsuit by investors who alleged that company executives misled the market about FPL’s involvement in “ghost candidate” schemes and other political controversies in Florida.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | NEE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 17.55Y avg ≈30.8 | ≈30.8 | 22.9 | Fair value | |
| P/S (TTM) | 6.25Y avg ≈7.0 | ≈7.0 | 2.8 | Overvalued | |
| P/B (MRQ) | 2.85Y avg ≈3.6 | ≈3.6 | 2.1 | Overvalued | |
| EV / EBITDA | 30.75Y avg ≈43.6 | ≈43.6 | 16.1 | Overvalued | |
| Price / Cash Flow | 13.05Y avg ≈16.0 | ≈16.0 | 7.4 | Overvalued | |
| EV / Revenue | 9.95Y avg ≈10.0 | ≈10.0 | · | · | |
| Price / Tangible Book | 3.45Y avg ≈4.1 | ≈4.1 | · | · | |
| PEG Ratio | ≈1.0 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | NEE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 32.7%5Y avg ≈27.7% | ≈27.7% | 22.1% | Top tier | |
| EBITDA Margin | 32.1%5Y avg ≈27.7% | ≈27.7% | 22.1% | Top tier | |
| Pretax Margin (TTM) | 26.5%5Y avg ≈21.2% | ≈21.2% | 13.1% | Top tier | |
| Net Profit Margin (TTM) | 35.5%5Y avg ≈24.5% | ≈24.5% | 13.3% | Top tier | |
| ROA (TTM) | 4.3%5Y avg ≈3.4% | ≈3.4% | 2.6% | Top tier | |
| ROE (TTM) | 17.2%5Y avg ≈12.9% | ≈12.9% | 9.9% | Top tier | |
| ROIC | 6.5%5Y avg ≈5.1% | ≈5.1% | 6.5% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | NEE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 1.95Y avg ≈1.6 | ≈1.6 | 1.7 | High debt | |
| Current Ratio (MRQ) | 0.55Y avg ≈0.5 | ≈0.5 | 0.8 | Low liquidity | |
| Quick Ratio | 0.35Y avg ≈0.2 | ≈0.2 | 0.3 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 1.75Y avg ≈1.4 | ≈1.4 | 1.7 | High debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | NEE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 9.8%5Y avg ≈9.1% | ≈9.1% | · | · | |
| Revenue CAGR 3Y | 3.9%5Y avg ≈8.3% | ≈8.3% | · | · | |
| Revenue CAGR 5Y | 8.7% | · | · | · | |
| EPS YoY | -2.1%5Y avg ≈20.3% | ≈20.3% | · | · | |
| Net Income YoY | -1.6%5Y avg ≈21.6% | ≈21.6% | · | · | |
| EPS CAGR 3Y | 16.3%5Y avg ≈24.6% | ≈24.6% | · | · | |
| EPS CAGR 5Y | 17.4% | · | · | · | |
| Net Income CAGR 3Y | 18.1%5Y avg ≈26.2% | ≈26.2% | · | · | |
| Net Income CAGR 5Y | 18.6% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | NEE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.15Y avg ≈0.1 | ≈0.1 | 0.2 | Weak | |
| Receivables Turnover | 7.05Y avg ≈6.5 | ≈6.5 | 8.2 | Weak | |
| Revenue / Employee | ≈$1.5M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 28, 2026 | $0.62 | USD | ≈3.0% |
| Jun 5, 2026 | $0.62 | USD | ≈2.8% |
| Feb 27, 2026 | $0.62 | USD | ≈2.5% |
| Nov 21, 2025 | $0.57 | USD | ≈2.7% |
| Aug 28, 2025 | $0.57 | USD | ≈3.1% |
| Jun 2, 2025 | $0.57 | USD | ≈3.1% |
| Feb 28, 2025 | $0.57 | USD | ≈3.0% |
| Nov 22, 2024 | $0.52 | USD | ≈2.7% |
| Aug 30, 2024 | $0.52 | USD | ≈2.5% |
| Jun 3, 2024 | $0.52 | USD | ≈2.5% |
| Feb 26, 2024 | $0.52 | USD | ≈3.5% |
| Nov 22, 2023 | $0.47 | USD | ≈3.3% |
| Aug 29, 2023 | $0.47 | USD | ≈2.7% |
| May 26, 2023 | $0.47 | USD | ≈2.4% |
| Feb 27, 2023 | $0.47 | USD | ≈2.4% |
| Nov 23, 2022 | $0.43 | USD | ≈2.0% |
| Aug 29, 2022 | $0.43 | USD | ≈1.9% |
| May 27, 2022 | $0.43 | USD | ≈2.1% |
| Feb 28, 2022 | $0.43 | USD | ≈2.0% |
| Nov 24, 2021 | $0.39 | USD | ≈1.8% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 21, 2026 | $1.15 | $1.12 | 2.9% |
| March 31, 2026 | $1.09 | $0.97 | 12.5% | |
| Dec. 31, 2025 | $0.54 | $0.53 | 1.7% | |
| Sept. 30, 2025 | $1.13 | $1.03 | 10.0% | |
| June 30, 2025 | $1.05 | $1.02 | 3.0% | |
| March 31, 2025 | $0.99 | $0.98 | 1.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.80B | $23.50B | $24.80B | $23.00B | $18.80B | $17.00B | $17.50B | $15.40B | · | · | · | · | |
| Operating Expenses | $19.39B | $17.63B | $18.28B | $17.40B | $14.23B | $13.23B | $14.26B | $12.53B | $12.00B | $11.68B | $12.85B | $12.64B | |
| Operating Income | $8.28B | $7.48B | $10.24B | $4.08B | $2.91B | $5.12B | $5.35B | $4.28B | $5.17B | $4.46B | $4.63B | $4.38B | |
| Other Non-op | $272M | $336M | $333M | $200M | $130M | $92M | $121M | $48M | $11M | $19M | $40M | $0 | |
| Pretax Income | $4.53B | $6.04B | $7.29B | $3.83B | $3.17B | $2.41B | $3.84B | $7.35B | $4.66B | $4.38B | $3.99B | $3.65B | |
| Income Tax | $-802M | $339M | $1.01B | $586M | $348M | $44M | $448M | $1.58B | $-660M | $1.38B | $1.23B | $1.18B | |
| Net Income | $6.83B | $6.95B | $7.31B | $4.15B | $3.57B | $2.92B | $3.77B | $6.64B | $5.38B | $2.91B | $2.75B | $2.46B | |
| EPS (Basic) | $3.31 | $3.38 | $3.61 | $2.10 | $1.82 | $1.49 | $1.95 | $3.51 | $11.48 | $6.27 | $6.11 | $5.67 | |
| EPS (Diluted) | $3.30 | $3.37 | $3.60 | $2.10 | $1.81 | $1.48 | $1.94 | $3.47 | $11.39 | $6.24 | $6.06 | $5.60 | |
| Shares (Basic) | 2,064,500,000 | 2,052,900,000 | 2,026,100,000 | 1,972,600,000 | 1,962,500,000 | 1,959,000,000 | 1,927,900,000 | 1,892,800,000 | 468,800,000 | 463,100,000 | 450,500,000 | 434,400,000 | |
| Shares (Diluted) | 2,070,600,000 | 2,059,200,000 | 2,030,800,000 | 1,978,600,000 | 1,972,200,000 | 1,968,800,000 | 1,941,900,000 | 1,907,900,000 | 472,500,000 | 465,800,000 | 454,000,000 | 440,100,000 | |
| EBITDA | $8.28B | $7.48B | $10.24B | $4.08B | $2.91B | $5.12B | $5.35B | $4.28B | $5.33B | $4.61B | $4.63B | $4.38B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.81B | $1.49B | $2.69B | $1.60B | $639M | $1.10B | $600M | $638M | $1.71B | $1.29B | $571M | $577M | |
| Receivables | $4.02B | $3.34B | $3.61B | $4.35B | $3.38B | $2.26B | $2.28B | $2.30B | $2.22B | $1.78B | $1.78B | $1.80B | |
| Inventory | $2.42B | $2.21B | $2.11B | $1.93B | $1.56B | $1.55B | $1.33B | $1.22B | $1.27B | $1.29B | $1.26B | $1.29B | |
| Other Current Assets | $1.17B | $1.44B | $1.33B | $789M | $1.17B | $804M | $1.58B | $551M | $632M | $528M | $476M | $439M | |
| Current Assets | $13.58B | $11.95B | $15.36B | $13.49B | $9.29B | $7.38B | $7.41B | $6.39B | $7.18B | $7.41B | $6.79B | $6.94B | |
| PP&E (Net) | $156.20B | $138.85B | $125.78B | $111.06B | $99.35B | $91.80B | $82.01B | $70.33B | $72.29B | $66.91B | $61.39B | $55.70B | |
| PP&E (Gross) | $196.71B | $175.01B | $159.26B | $142.32B | $128.25B | $118.10B | $107.18B | $92.08B | $93.56B | $86.80B | $80.33B | $73.64B | |
| Accum. Depreciation | · | · | · | · | · | · | · | · | · | $20.10B | $18.94B | $17.93B | |
| Goodwill | $4.85B | $4.87B | $5.09B | $4.85B | $4.84B | $4.25B | $4.20B | $891M | $764M | $779M | $778M | $147M | |
| Intangibles | $1.63B | $1.58B | $1.56B | $623M | $606M | $558M | $417M | $573M | $1.15B | $1.11B | $1.06B | $362M | |
| Other Non-current Assets | $11.10B | $9.46B | $7.70B | $5.70B | $4.39B | $3.67B | $3.31B | $7.52B | $4.96B | $3.33B | $3.24B | $2.19B | |
| Total Assets | $212.72B | $190.14B | $177.49B | $158.94B | $140.91B | $127.68B | $117.69B | $103.70B | $97.96B | $90.47B | $82.48B | $74.61B | |
| Short-term Debt | $1.96B | $1.67B | $4.65B | $1.71B | $1.38B | $1.55B | $2.52B | $5.46B | $255M | $150M | $412M | $0 | |
| Current Liabilities | $22.82B | $25.36B | $27.96B | $26.70B | $17.44B | $15.56B | $13.85B | $17.56B | $11.24B | $10.92B | $10.11B | $9.66B | |
| Deferred Tax | $12.36B | $11.75B | $10.14B | $9.07B | $8.31B | $8.02B | $8.36B | $7.37B | $5.76B | $11.10B | $9.83B | $9.26B | |
| Other Non-current Liabilities | $4.22B | $3.48B | $2.76B | $2.70B | $2.47B | $2.24B | $1.83B | $1.45B | $2.28B | $2.05B | $2.00B | $1.68B | |
| Total Liabilities | $146.24B | $129.28B | $118.47B | $109.50B | $95.24B | $82.75B | $75.84B | · | · | · | · | · | |
| Long-term Debt | $93.06B | $80.45B | $68.31B | $61.89B | $52.74B | $46.08B | $39.67B | $29.50B | $33.08B | $30.42B | $28.90B | $27.56B | |
| Total Debt | $95.01B | $82.12B | $72.96B | $63.60B | $54.13B | $47.63B | $40.07B | $34.96B | $33.39B | $30.57B | $29.31B | $29.02B | |
| Common Stock | $21M | $21M | $21M | $20M | $20M | $20M | $20M | $5M | $5M | $5M | $5M | $4M | |
| Retained Earnings | $35.10B | $32.95B | $30.23B | $26.71B | $25.91B | $25.36B | $25.20B | $23.84B | $19.02B | $15.46B | $14.14B | $12.77B | |
| AOCI | $-9M | $-126M | $-153M | $-218M | $0 | $-92M | $-169M | $-188M | $111M | $-70M | $-167M | $-40M | |
| Stockholders' Equity | $54.61B | $50.10B | $47.47B | $39.23B | $37.20B | $36.51B | $37.01B | $34.14B | $28.24B | $24.34B | $22.57B | $19.92B | |
| Liabilities + Equity | $212.72B | $190.14B | $177.49B | $158.94B | $140.91B | $127.68B | $117.69B | $103.70B | $97.96B | $89.99B | $82.48B | $74.61B | |
| Shares Outstanding | 2,083,000,000 | 2,057,000,000 | 2,052,000,000 | 1,987,000,000 | 1,963,000,000 | 1,960,000,000 | 1,956,000,000 | 1,912,000,000 | 1,883,000,000 | 468,000,000 | 461,000,000 | 443,000,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $6.58B | $5.46B | $5.88B | $4.50B | $3.92B | $4.05B | $4.22B | $3.91B | $2.36B | $3.12B | $2.83B | $2.55B | |
| Deferred Tax | $453M | $1.31B | $708M | $534M | $436M | $-78M | $258M | $1.46B | $-882M | $1.23B | $1.16B | $1.21B | |
| Amort. of Intangibles | $65M | $62M | $58M | $18M | $25M | $27M | $18M | $19M | $35M | $35M | $17M | $15M | |
| Operating Cash Flow | $12.48B | $13.26B | $11.30B | $8.26B | $7.55B | $7.98B | $8.15B | $6.59B | $6.46B | $6.37B | $6.09B | $5.50B | |
| Investing Cash Flow | $-23.86B | $-22.26B | $-23.47B | $-18.36B | $-13.59B | $-13.70B | $-16.18B | $-10.95B | $-8.92B | $-8.05B | $-8.00B | $-6.36B | |
| Debt Issued | $23.39B | $24.77B | $13.86B | $13.86B | $16.68B | $12.40B | $13.90B | $4.39B | $8.35B | $5.66B | $5.77B | $5.05B | |
| Net Debt Issued | $13.05B | $14.66B | $5.88B | $9.33B | $7.09B | $6.30B | $8.43B | $1.30B | $1.57B | $2.35B | $1.80B | $304M | |
| Stock Issued | $2.04B | $48M | $4.51B | $1.51B | $14M | · | $1.49B | $718M | $55M | $537M | $1.30B | $633M | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Net Stock Activity | $2.04B | $48M | $4.51B | $1.46B | $14M | · | $1.49B | $718M | $55M | $537M | $1.30B | $633M | |
| Dividends Paid | $4.68B | $4.24B | $3.78B | $3.35B | $3.02B | $2.74B | $2.41B | $2.10B | $1.84B | $1.61B | $1.39B | $1.26B | |
| Financing Cash Flow | $12.98B | $7.00B | $12.15B | $12.23B | $5.81B | $6.17B | $3.87B | $7.63B | $2.89B | $2.42B | $1.90B | $1.00B | |
| Net Change in Cash | $1.60B | $-2.02B | $-21M | $2.12B | $-230M | $438M | $-4.14B | $3.27B | $454M | $757M | $7M | $139M | |
| Taxes Paid | $-1.27B | $-760M | $321M | $-32M | $-69M | $235M | $184M | $200M | $142M | $91M | $33M | $46M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 32.1% | 31.8% | 41.3% | 17.7% | 15.5% | 30.1% | 30.6% | 27.8% | · | · | · | · | |
| Net Margin | 26.5% | 29.6% | 29.5% | 18.0% | 19.0% | 17.2% | 21.5% | 43.1% | · | · | · | · | |
| Pretax Margin | 17.6% | 25.7% | 29.4% | 16.7% | 16.9% | 14.2% | 21.9% | 47.7% | · | · | · | · | |
| EBITDA Margin | 32.1% | 31.8% | 41.3% | 17.7% | 15.5% | 30.1% | 30.6% | 27.8% | · | · | · | · | |
| ROA | 3.4% | 3.8% | 4.3% | 2.8% | 2.7% | 2.4% | 3.4% | 6.6% | 5.7% | 3.4% | 3.5% | 3.4% | |
| ROE | 13.1% | 14.2% | 16.9% | 10.8% | 9.7% | 7.9% | 10.6% | 21.3% | 20.5% | 12.4% | 13.0% | 13.0% | |
| ROIC | 6.5% | 5.3% | 7.3% | 3.4% | 2.8% | 6.0% | 6.1% | 4.9% | 9.9% | 5.8% | 6.2% | 6.1% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.6 | 0.7 | 0.7 | 0.7 | |
| Quick Ratio | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.4 | 0.3 | 0.2 | 0.2 | |
| Debt / Equity | 1.7 | 1.6 | 1.5 | 1.6 | 1.5 | 1.3 | 1.1 | 1.0 | 1.2 | 1.3 | 1.3 | 1.5 | |
| LT Debt / Equity | 1.6 | 1.4 | 1.3 | 1.4 | 1.4 | 1.1 | 1.0 | 0.8 | 1.1 | 1.1 | 1.2 | 1.2 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | · | · | · | · | |
| Receivables Turnover | 7.0 | 6.8 | 6.2 | 6.0 | 6.7 | 7.5 | 7.6 | 6.8 | · | · | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $26.22 | $24.36 | $23.13 | $19.74 | $18.95 | $18.63 | $75.67 | $71.43 | $59.89 | $52.01 | $48.97 | $44.96 | |
| Revenue / Share | $12.46 | $11.41 | $12.21 | $11.62 | $9.53 | $8.63 | $36.05 | $32.29 | · | · | · | · | |
| Cash Flow / Share | $6.03 | $6.44 | $5.56 | $4.18 | $3.83 | $4.05 | $16.80 | $13.82 | $13.57 | $13.60 | $13.47 | $12.50 | |
| Cash / Share | $1.35 | $0.72 | $1.31 | $0.81 | $0.33 | $0.56 | $1.23 | $1.33 | $3.64 | $2.76 | $1.24 | $1.30 | |
| Dividend Paid / Share | $2.27 | $2.06 | $1.87 | $1.70 | $1.54 | $1.40 | $1.25 | $1.11 | $3.93 | $3.48 | $3.08 | $2.90 | |
| EPS (TTM) | $3.30 | $3.37 | $3.60 | $2.10 | $1.81 | $1.48 | $1.94 | $3.47 | $11.39 | $6.24 | $6.06 | $5.60 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 9.8% | -5.2% | 7.8% | 22.3% | 10.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.9% | 7.7% | 13.4% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 8.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -2.1% | -6.4% | 71.4% | 16.0% | 22.3% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 16.3% | 23.0% | 34.5% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 17.4% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -1.6% | -5.0% | 76.3% | 16.1% | 22.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 18.1% | 24.8% | 35.8% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 18.6% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 11.3% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $25.80B | $23.50B | $24.80B | $23.00B | $18.80B | $17.00B | $17.50B | $15.40B | $14.88B | $14.88B | $14.88B | $14.88B | |
| Net Income TTM | $6.83B | $6.95B | $7.31B | $4.15B | $3.57B | $2.92B | $3.77B | $6.64B | $5.38B | $2.91B | $2.75B | $2.46B | |
| Market Cap | $167.22B | $147.47B | $124.64B | $166.11B | $183.27B | $151.21B | $29.60B | $20.77B | $18.39B | $13.98B | $11.97B | $11.77B | |
| Enterprise Value | $259.42B | $228.10B | $194.90B | $228.11B | $236.75B | $197.74B | $69.07B | $55.10B | $50.07B | $43.26B | $40.72B | $40.22B | |
| P/E | 24.3 | 21.3 | 16.9 | 39.8 | 51.6 | 52.1 | 31.2 | 12.5 | 3.4 | 4.8 | 4.3 | 4.7 | |
| P/S | 6.5 | 6.3 | 5.0 | 7.2 | 9.7 | 8.9 | 1.7 | 1.3 | 1.2 | 0.9 | 0.8 | 0.8 | |
| P/B | 3.1 | 2.9 | 2.6 | 4.2 | 4.9 | 4.1 | 0.8 | 0.6 | 0.7 | 0.6 | 0.5 | 0.6 | |
| P / Tangible Book | 3.5 | 3.4 | 3.1 | 4.9 | 5.8 | 4.8 | · | · | · | · | · | · | |
| P / Cash Flow | 13.4 | 11.1 | 11.0 | 20.1 | 24.3 | 18.9 | 3.6 | 3.2 | 2.9 | 2.2 | 2.0 | 2.1 | |
| EV / EBITDA | 31.3 | 30.5 | 19.0 | 55.9 | 81.3 | 38.7 | 12.9 | 12.9 | 9.4 | 9.4 | 8.8 | 9.2 | |
| EV / Revenue | 10.1 | 9.7 | 7.9 | 9.9 | 12.6 | 11.6 | 3.9 | 3.6 | 3.4 | 2.9 | 2.7 | 2.7 | |
| Dividend Yield | 2.8% | 2.9% | 3.0% | 2.0% | 1.7% | 1.8% | 8.1% | 10.1% | 10.0% | 11.5% | 11.6% | 10.7% | |
| Earnings Yield | 4.1% | 4.7% | 5.9% | 2.5% | 1.9% | 1.9% | 3.2% | 8.0% | 29.2% | 20.9% | 23.3% | 21.1% | |
| Payout Ratio | 68.5% | 61.0% | 51.7% | 80.8% | 84.6% | 94.0% | 63.9% | 31.6% | 34.3% | 55.4% | 50.3% | 51.2% | |
| Annual Payout | $4.68B | $4.24B | $3.78B | $3.35B | $3.02B | $2.74B | $2.41B | $2.10B | $1.84B | $1.61B | $1.39B | $1.26B |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.70B | $6.10B | $6.00B | $7.40B | $6.40B | $6.00B | $5.40B | $6.70B | $6.00B | $5.40B | $5.60B | $7.20B | $6.30B | $5.70B | $5.70B | $6.40B | |
| Operating Expenses | $5.29B | $4.75B | $4.98B | $5.58B | $4.81B | $4.03B | $4.48B | $4.94B | $4.43B | $3.78B | $4.61B | $5.34B | $4.56B | $3.77B | $4.45B | $5.03B | |
| Operating Income | $2.24B | $2.21B | $1.59B | $2.53B | $1.91B | $2.26B | $940M | $2.86B | $1.67B | $2.01B | $2.66B | $1.84B | $2.80B | $2.94B | $2.05B | $1.86B | |
| Other Non-op | $79M | $44M | $68M | $61M | $71M | $72M | $118M | $95M | $89M | $34M | $44M | $81M | $78M | $130M | $38M | $83M | |
| Pretax Income | $2.54B | $1.20B | $1.32B | $1.89B | $1.38B | $-57M | $1.04B | $1.60B | $1.23B | $2.16B | $1.08B | $973M | $3.06B | $2.17B | $1.59B | $1.88B | |
| Income Tax | $-84M | $-489M | $225M | $-250M | $-256M | $-521M | $171M | $5M | $-64M | $227M | $169M | $-46M | $497M | $386M | $328M | $323M | |
| Net Income | $3.14B | $2.18B | $1.54B | $2.44B | $2.03B | $833M | $1.20B | $1.85B | $1.62B | $2.27B | $1.21B | $1.22B | $2.79B | $2.09B | $1.52B | $1.70B | |
| EPS (Basic) | $1.51 | $1.05 | $0.73 | $1.18 | $0.99 | $0.41 | $0.58 | $0.90 | $0.79 | $1.11 | $0.59 | $0.60 | $1.38 | $1.04 | $0.77 | $0.86 | |
| EPS (Diluted) | $1.50 | $1.04 | $0.74 | $1.18 | $0.98 | $0.40 | $0.58 | $0.90 | $0.79 | $1.10 | $0.58 | $0.60 | $1.38 | $1.04 | $0.77 | $0.86 | |
| Shares (Basic) | 2,083,500,000 | 2,082,500,000 | · | 2,064,600,000 | 2,056,700,000 | 2,055,500,000 | · | 2,053,500,000 | 2,052,500,000 | 2,051,500,000 | · | 2,031,300,000 | 2,022,000,000 | 1,999,900,000 | · | 1,972,500,000 | |
| Shares (Diluted) | 2,093,400,000 | 2,092,400,000 | · | 2,070,600,000 | 2,061,300,000 | 2,060,700,000 | · | 2,061,400,000 | 2,058,200,000 | 2,055,200,000 | · | 2,036,200,000 | 2,027,200,000 | 2,005,100,000 | · | 1,978,900,000 | |
| EBITDA | $2.24B | $2.21B | · | $2.53B | $1.91B | $2.26B | · | $2.86B | $1.67B | $2.01B | · | $1.84B | $2.80B | $2.94B | · | $1.86B |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.87B | $2.00B | $2.81B | $2.39B | $1.73B | $2.42B | $1.49B | $2.26B | $1.55B | $1.64B | · | $1.57B | $1.58B | $2.27B | · | $2.51B | |
| Receivables | $4.71B | $4.13B | $4.02B | $3.94B | $3.87B | $3.15B | $3.34B | $3.55B | $3.60B | $3.12B | · | $4.03B | $3.58B | $3.27B | · | $4.55B | |
| Inventory | $2.62B | $2.58B | $2.42B | $2.43B | $2.21B | $2.33B | $2.21B | $2.26B | $2.15B | $2.13B | · | $2.07B | $1.93B | $1.92B | · | $1.79B | |
| Other Current Assets | $1.40B | $1.29B | $1.17B | $1.19B | $1.26B | $1.23B | $1.44B | $1.24B | $1.39B | $1.22B | · | $2.44B | $1.37B | $1.32B | · | $1.21B | |
| Current Assets | $15.47B | $13.86B | $13.58B | $12.67B | $12.49B | $12.65B | $11.95B | $12.18B | $12.80B | $12.68B | · | $14.24B | $13.12B | $13.55B | · | $12.89B | |
| PP&E (Net) | $170.45B | $162.36B | $156.20B | $150.04B | $145.74B | $142.22B | $138.85B | $134.31B | $133.11B | $129.19B | $125.78B | $120.88B | $117.74B | $114.93B | $111.06B | $108.45B | |
| PP&E (Gross) | $212.71B | $203.77B | $196.71B | $188.93B | $183.84B | $179.32B | $175.01B | $169.73B | $168.28B | $163.30B | · | $153.58B | $149.88B | $146.92B | · | $139.23B | |
| Goodwill | $5.15B | $5.15B | $4.85B | $4.85B | $4.87B | $4.87B | $4.87B | $4.92B | $5.09B | $5.08B | · | $5.04B | $5.18B | $5.18B | · | $4.87B | |
| Intangibles | · | · | $1.63B | · | · | · | $1.58B | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $11.80B | $11.42B | $11.10B | $10.90B | $10.44B | $9.94B | $9.46B | $8.75B | $8.65B | $8.12B | · | $8.26B | $7.24B | $6.98B | · | $5.29B | |
| Total Assets | $232.81B | $221.42B | $212.72B | $204.35B | $198.83B | $194.26B | $190.14B | $186.01B | $184.72B | $179.95B | $177.49B | $171.67B | $168.28B | $165.36B | $158.94B | $156.41B | |
| Short-term Debt | $1.74B | $5.36B | $1.96B | $4.26B | $4.03B | $2.00B | $1.67B | $3.97B | $4.18B | $4.34B | · | $3.98B | $2.29B | $2.84B | · | $925M | |
| Current Liabilities | $28.97B | $25.57B | $22.82B | $22.91B | $23.05B | $22.86B | $25.36B | $29.65B | $26.23B | $24.80B | · | $28.50B | $24.87B | $25.38B | · | $27.79B | |
| Deferred Tax | $13.37B | $13.11B | $12.36B | $11.56B | $11.41B | $11.44B | $11.75B | $10.95B | $10.93B | $10.64B | · | $9.75B | $9.80B | $9.47B | · | $8.72B | |
| Other Non-current Liabilities | $4.88B | $4.51B | $4.22B | $4.06B | $4.07B | $3.63B | $3.48B | $3.31B | $3.26B | $3.09B | · | $2.82B | $2.97B | $2.98B | · | $2.68B | |
| Total Liabilities | $164.65B | $154.79B | $146.24B | $139.76B | $137.90B | $133.90B | $129.28B | $126.47B | $125.29B | $120.56B | · | $115.11B | $113.90B | $112.38B | · | $109.66B | |
| Long-term Debt | $104.20B | $97.78B | $93.06B | $87.76B | $88.39B | $87.46B | $80.45B | $73.66B | $75.80B | $72.09B | · | $67.16B | $67.31B | $65.93B | · | $61.96B | |
| Total Debt | $105.94B | $103.14B | · | $92.02B | $92.42B | $89.46B | · | $77.63B | $79.97B | $76.43B | · | $71.15B | $69.60B | $68.77B | · | $62.89B | |
| Common Stock | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $21M | · | $21M | $20M | $20M | · | $20M | |
| Retained Earnings | $37.83B | $35.98B | $35.10B | $34.75B | $33.48B | $32.61B | $32.95B | $32.80B | $32.01B | $31.45B | · | $29.98B | $29.71B | $27.86B | · | $26.03B | |
| AOCI | $-48M | $-34M | $-9M | $-72M | $-70M | $-114M | $-126M | $-131M | $-171M | $-167M | · | $-227M | $-200M | $-200M | $-218M | $-114M | |
| Stockholders' Equity | $57.13B | $55.22B | $54.61B | $54.18B | $50.80B | $49.81B | $50.10B | $50.05B | $49.14B | $48.64B | · | $47.09B | $44.79B | $42.90B | · | $38.63B | |
| Liabilities + Equity | $232.81B | $221.42B | $212.72B | $204.35B | $198.83B | $194.26B | $190.14B | $186.01B | $184.72B | $179.95B | · | $171.67B | $168.28B | $165.36B | · | $156.41B | |
| Shares Outstanding | 2,086,000,000 | 2,085,000,000 | 2,083,000,000 | 2,083,000,000 | 2,059,000,000 | 2,059,000,000 | 2,057,000,000 | 2,056,000,000 | 2,055,000,000 | 2,055,000,000 | 2,052,000,000 | 2,052,000,000 | 2,024,000,000 | 2,023,000,000 | 1,987,000,000 | 1,987,000,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1.76B | $1.37B | $1.62B | $2.10B | $1.77B | $1.09B | $1.51B | $1.64B | $1.41B | $898M | $1.61B | $1.96B | $1.49B | $822M | $1.17B | $1.29B | |
| Deferred Tax | $210M | $409M | $913M | $52M | $-112M | $-400M | $758M | $-72M | $224M | $398M | $242M | $-164M | $281M | $349M | $326M | $305M | |
| Operating Cash Flow | $4.66B | $2.61B | $2.50B | $4.03B | $3.19B | $2.77B | $1.98B | $4.27B | $3.93B | $3.08B | $2.88B | $3.66B | $3.09B | $1.67B | $995M | $2.47B | |
| Investing Cash Flow | $-8.29B | $-10.82B | $-5.21B | $-5.11B | $-5.82B | $-7.72B | $-3.88B | $-4.26B | $-4.80B | $-9.32B | $-4.69B | $-5.96B | $-5.00B | $-7.82B | $-4.51B | $-4.54B | |
| Debt Issued | $7.26B | $8.31B | $8.15B | $2.25B | $3.16B | $9.84B | $8.59B | $2.06B | $6.30B | $7.81B | $3.88B | $0 | $3.32B | $6.66B | $2.24B | $2.00B | |
| Net Debt Issued | · | $5.21B | · | · | · | $6.99B | · | · | · | $3.82B | · | · | · | $4.05B | · | · | |
| Stock Issued | $8M | $23M | $10M | $2.01B | $11M | $11M | $1M | $81M | $14M | $6M | $9M | $2.00B | $1M | $2.50B | $56M | $1.46B | |
| Net Stock Activity | · | $23M | · | · | · | $11M | · | · | · | $6M | · | · | · | $2.50B | · | · | |
| Dividends Paid | $1.30B | $1.30B | $1.18B | $1.17B | $1.17B | $1.17B | $1.06B | $1.06B | $1.06B | $1.06B | $959M | $947M | $946M | $930M | $845M | $836M | |
| Financing Cash Flow | $4.38B | $7.68B | $3.00B | $1.82B | $2.06B | $6.10B | $741M | $459M | $762M | $5.04B | $2.45B | $2.33B | $478M | $6.89B | $2.99B | $1.54B | |
| Net Change in Cash | $747M | $-531M | $292M | $732M | $-568M | $1.15B | $-1.17B | $472M | $-111M | $-1.21B | $642M | $24M | $-1.44B | $748M | $-526M | $-526M |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 33.4% | 36.2% | · | 34.2% | 29.9% | 37.6% | · | 42.6% | 27.8% | 37.3% | · | 25.5% | 44.4% | 51.6% | · | 29.1% | |
| Net Margin | 46.9% | 35.8% | · | 33.0% | 31.7% | 13.9% | · | 27.6% | 27.0% | 42.0% | · | 16.9% | 44.4% | 36.6% | · | 26.5% | |
| Pretax Margin | 37.9% | 19.7% | · | 25.5% | 21.6% | -0.95% | · | 23.8% | 20.5% | 40.1% | · | 13.5% | 48.6% | 38.1% | · | 29.4% | |
| EBITDA Margin | 33.4% | 36.2% | · | 34.2% | 29.9% | 37.6% | · | 42.6% | 27.8% | 37.3% | · | 25.5% | 44.4% | 51.6% | · | 29.1% | |
| ROA | 1.5% | 1.1% | · | 1.2% | 1.1% | 0.45% | · | 1.0% | 0.92% | 1.3% | · | 0.74% | 1.8% | 1.3% | · | 1.1% | |
| ROE | 5.8% | 4.2% | · | 4.7% | 4.1% | 1.7% | · | 3.8% | 3.5% | 5.0% | · | 2.8% | 6.9% | 5.3% | · | 4.5% | |
| ROIC | 1.4% | 2.0% | · | 2.0% | 1.6% | -13.2% | · | 2.2% | 1.4% | 1.4% | · | 1.6% | 2.1% | 2.2% | · | 1.5% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.5 | 0.5 | · | 0.6 | 0.5 | 0.6 | · | 0.4 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | |
| Quick Ratio | 0.3 | 0.2 | · | 0.3 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | |
| Debt / Equity | 1.9 | 1.9 | · | 1.7 | 1.8 | 1.8 | · | 1.6 | 1.6 | 1.6 | · | 1.5 | 1.6 | 1.6 | · | 1.6 | |
| LT Debt / Equity | 1.7 | 1.7 | · | 1.6 | 1.6 | 1.6 | · | 1.3 | 1.4 | 1.4 | · | 1.3 | 1.4 | 1.4 | · | 1.4 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | |
| Receivables Turnover | 1.6 | 1.7 | · | 2.0 | 1.7 | 1.9 | · | 1.8 | 1.7 | 1.7 | · | 1.7 | 1.6 | 1.7 | · | 1.6 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $27.39 | $26.49 | · | $26.01 | $24.67 | $24.19 | · | $24.34 | $23.91 | $23.67 | · | $22.95 | $22.13 | $21.20 | · | $19.44 | |
| Revenue / Share | $3.20 | $2.92 | · | $3.57 | $3.10 | $2.91 | · | $3.25 | $2.92 | $2.63 | · | $3.54 | $3.11 | $2.84 | · | $3.23 | |
| Cash Flow / Share | · | $1.25 | · | · | · | $1.34 | · | · | · | $1.50 | · | · | · | $0.83 | · | · | |
| Cash / Share | $1.37 | $0.96 | · | $1.15 | $0.84 | $1.17 | · | $1.10 | $0.75 | $0.80 | · | $0.76 | $0.78 | $1.12 | · | $1.26 | |
| Dividend Paid / Share | $0.62 | $0.62 | $0.57 | $0.57 | $0.57 | $0.57 | $0.52 | $0.52 | $0.52 | $0.52 | $0.47 | $0.47 | $0.47 | $0.47 | $0.42 | $0.42 | |
| EPS (TTM) | $4.46 | $3.94 | · | $3.14 | $2.86 | $2.67 | · | $3.37 | $3.07 | $3.66 | · | $3.79 | $4.05 | $3.37 | · | $1.94 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $26.20B | $25.90B | · | $25.20B | $24.50B | $24.10B | · | $23.70B | $24.20B | $24.50B | · | $24.90B | $24.10B | $23.70B | · | $22.00B | |
| Net Income TTM | $9.30B | $8.18B | · | $6.50B | $5.92B | $5.51B | · | $6.95B | $6.32B | $7.49B | · | $7.62B | $8.10B | $6.68B | · | $3.83B | |
| Market Cap | $183.09B | $193.65B | · | $157.25B | $142.94B | $145.96B | · | $173.79B | $145.51B | $131.34B | · | $117.56B | $150.18B | $155.93B | · | $155.80B | |
| Enterprise Value | $286.16B | $294.80B | · | $246.88B | $233.63B | $233.00B | · | $249.16B | $223.94B | $206.12B | · | $187.14B | $218.20B | $222.43B | · | $216.18B | |
| P/E | 19.7 | 23.6 | · | 24.0 | 24.3 | 26.6 | · | 25.1 | 23.1 | 17.5 | · | 15.1 | 18.3 | 22.9 | · | 40.4 | |
| P/S | 7.0 | 7.5 | · | 6.2 | 5.8 | 6.1 | · | 7.3 | 6.0 | 5.4 | · | 4.7 | 6.2 | 6.6 | · | 7.1 | |
| P/B | 3.2 | 3.5 | · | 2.9 | 2.8 | 2.9 | · | 3.5 | 3.0 | 2.7 | · | 2.5 | 3.4 | 3.6 | · | 4.0 | |
| P / Tangible Book | 3.5 | 3.9 | · | 3.2 | 3.1 | 3.2 | · | 3.9 | 3.3 | 3.0 | · | 2.8 | 3.8 | 4.1 | · | 4.6 | |
| P / Cash Flow | · | 74.1 | · | · | · | 52.7 | · | · | · | 42.7 | · | · | · | 93.2 | · | · | |
| EV / Revenue | 10.9 | 11.4 | · | 9.8 | 9.5 | 9.7 | · | 10.5 | 9.3 | 8.4 | · | 7.5 | 9.1 | 9.4 | · | 9.8 | |
| Dividend Yield | 2.7% | 2.5% | · | 2.9% | 3.1% | 3.0% | · | 2.4% | 2.8% | 3.0% | · | 3.1% | 2.4% | 2.2% | · | 2.1% | |
| Earnings Yield | 5.1% | 4.2% | · | 4.2% | 4.1% | 3.8% | · | 4.0% | 4.3% | 5.7% | · | 6.6% | 5.5% | 4.4% | · | 2.5% | |
| Payout Ratio | · | 59.6% | · | · | · | 140.0% | · | · | · | 46.7% | · | · | · | 44.6% | · | · | |
| Annual Payout | $4.95B | $4.81B | · | $4.56B | $4.45B | $4.34B | · | $4.13B | $4.02B | $3.91B | · | $3.67B | $3.56B | $3.45B | · | $3.26B |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $25.80B | $23.50B | $24.80B | $23.00B | $18.80B |
| Operating Margin % | 32.1% | 31.8% | 41.3% | 17.7% | 15.5% |
| Net Income | $6.83B | $6.95B | $7.31B | $4.15B | $3.57B |
| Diluted EPS | $3.30 | $3.37 | $3.60 | $2.10 | $1.81 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 1.7 | 1.6 | 1.5 | 1.6 | 1.5 |
| Current Ratio | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 |
| Quick Ratio | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 |
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 3,258 filers · $171.3B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 164 (-158 vs prior Q) | 140 (-2 vs prior Q) | 1,396 (+117 vs prior Q) | 1,077 (-55 vs prior Q) | +33.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $17,343,185,196 | 216,033,697 | 10.13% | Shares |
| BlackRock, Inc. | $16,398,811,556 | 186,838,459 | 9.58% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $11,955,234,555 | 136,210,944 | 6.98% | Shares |
| STATE STREET CORP | $10,440,481,639 | 118,952,736 | 6.10% | Shares |
| JPMORGAN CHASE & CO | $10,288,884,279 | 116,048,771 | 6.01% | Shares |
| MORGAN STANLEY | $5,574,626,747 | 63,514,030 | 3.25% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $5,463,082,855 | 62,243,168 | 3.19% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $4,397,278,698 | 49,963,310 | 2.57% | Shares |
| FRANKLIN RESOURCES INC | $3,901,816,915 | 44,455,018 | 2.28% | Shares |
| NORGES BANK | $2,818,963,858 | 32,117,624 | 1.65% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,604,110,175 | 29,669,707 | 1.52% | Shares |
| FMR LLC | $2,594,118,266 | 29,555,864 | 1.51% | Shares |
| WELLS FARGO & COMPANY/MN | $2,562,866,272 | 29,199,799 | 1.50% | Shares |
| GOLDMAN SACHS GROUP INC | $2,099,761,270 | 23,923,451 | 1.23% | Shares |
| UBS Group AG | $2,047,267,024 | 23,325,362 | 1.20% | Shares |
| NORTHERN TRUST CORP | $1,912,760,991 | 21,792,879 | 1.12% | Shares |
| Capital Research Global Investors | $1,764,227,733 | 20,100,508 | 1.03% | Shares |
| ROYAL BANK OF CANADA | $1,651,491,000 | 18,816,110 | 0.96% | Shares |
| DEUTSCHE BANK AG\ | $1,598,865,102 | 18,216,533 | 0.93% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,525,345,399 | 17,373,471 | 0.89% | Shares |
| Legal & General Group Plc | $1,465,987,199 | 16,702,600 | 0.86% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1,430,933,430 | 15,406,260 | 0.84% | Shares |
| Nuveen, LLC | $1,380,319,130 | 15,726,549 | 0.81% | Shares |
| NEUBERGER BERMAN GROUP LLC | $1,178,044,741 | 13,420,559 | 0.69% | Shares |
| Amundi | $1,169,838,751 | 13,329,077 | 0.68% | Shares |
| RAYMOND JAMES FINANCIAL INC | $1,163,150,471 | 13,252,255 | 0.68% | Shares |
| Bank of New York Mellon Corp | $1,145,272,052 | 13,048,560 | 0.67% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $1,102,537,276 | 12,519,204 | 0.64% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,027,734,389 | 11,709,404 | 0.60% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $979,987,422 | 11,165,403 | 0.57% | Shares |
| AMERIPRISE FINANCIAL INC | $806,919,805 | 9,201,237 | 0.47% | Shares |
| Invesco Ltd. | $652,217,561 | 7,430,985 | 0.38% | Shares |
| GQG Partners LLC | $651,293,395 | 7,420,437 | 0.38% | Shares |
| Pictet Asset Management Holding SA | $625,420,816 | 7,125,641 | 0.37% | Shares |
| ALLIANCEBERNSTEIN L.P. | $622,223,646 | 6,699,221 | 0.36% | Shares |
| CIBC Private Wealth Group LLC | $572,641,941 | 7,585,666 | 0.33% | Shares |
| JANE STREET GROUP, LLC | $542,471,262 | 6,180,600 | 0.32% | Call option |
| NORDEA INVESTMENT MANAGEMENT AB | $538,775,717 | 6,140,594 | 0.31% | Shares |
| PNC Financial Services Group, Inc. | $533,514,264 | 6,078,549 | 0.31% | Shares |
| Swiss National Bank | $516,228,032 | 5,881,600 | 0.30% | Shares |
| FIL Ltd | $514,654,228 | 5,863,669 | 0.30% | Shares |
| JENNISON ASSOCIATES LLC | $486,474,090 | 5,542,601 | 0.28% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $478,209,930 | 5,448,444 | 0.28% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $457,318,901 | 5,210,434 | 0.27% | Shares |
| National Pension Service | $455,247,806 | 5,186,827 | 0.27% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $438,674,671 | 4,997,454 | 0.26% | Shares |
| Russell Investments Group, Ltd. | $426,497,211 | 4,858,233 | 0.25% | Shares |
| BANK OF MONTREAL /CAN/ | $426,264,033 | 4,856,603 | 0.25% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $407,665,933 | 4,644,707 | 0.24% | Shares |
| Vanguard Global Advisers, LLC | $394,155,058 | 4,490,772 | 0.23% | Shares |
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| NEXTERA ENERGY INC, Mendocino Capital, LLC ×8 filings | March 10, 2026 | 7.40% | Amendment | · | SEC |
| NextEra Energy, Inc., Florida Power & Light Company ×14 filings | Nov. 25, 2024 | · | Initial filing | · | SEC |
| FPL Group, Inc. | April 7, 2005 | · | Initial filing | M&A / sale | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 67 insiders · 31 officers · 28 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Brian W Bolster | Pres. and CEO of Sub | May 7, 2026 F | 44,769 | 0 | 0 | $0 |
| John W Ketchum | Chairman, President & CEO | Feb. 12, 2026 A | 400,961 | 0 | 2 | $-8,898,532 |
| Armando Pimentel Jr | Director & CEO of Sub | Feb. 12, 2026 A | 171,984 | 0 | 1 | $-12,178,697 |
| Rebecca J Kujawa | Pres. and CEO of Sub | Feb. 13, 2025 A | 202,110 | 0 | 0 | $0 |
| Michael Dunne | EVP, Finance & CFO | Feb. 12, 2026 A | 70,951 | 0 | 0 | $0 |
| Moray P Dewhurst | Vice Chairman & CFO | March 4, 2016 F | 334,083 | 0 | 0 | $0 |
| Manoochehr K Nazar | President, Nuclear Div and CNO | March 13, 2019 M | 112,227 | 0 | 0 | $0 |
| Alex Rubio | EVP, Eng., Const. & ISC | Aug. 17, 2026 F | 30,805 | 0 | 0 | $0 |
| William John Gough | VP, Controller & CAO | March 17, 2026 F | 10,864 | 0 | 0 | $0 |
| James Michael May | Treasurer and Asst. Secretary | March 17, 2026 F | 26,403 | 0 | 2 | $-646,423 |
| Nicole J Daggs | EVP, Human Res & Corp Svcs | March 13, 2026 S | 16,905 | 0 | 2 | $-458,862 |
| Mark Lemasney | EVP Power Generation Division | March 9, 2026 S | 8,995 | 0 | 1 | $-347,088 |
| Terrell Kirk Crews II | EVP, Chief Risk Officer | March 9, 2026 M | 73,857 | 0 | 3 | $-1,775,791 |
| Ronald R Reagan | EVP, Eng., Const. & ISC | Feb. 17, 2026 S | 10,960 | 0 | 5 | $-4,063,996 |
| Robert Coffey | EVP, Nuclear Div & CNO | Feb. 12, 2026 A | 38,559 | 0 | 0 | $0 |
| Deborah H Caplan | EVP, HR & Corp Services | Feb. 16, 2023 A | 143,348 | 0 | 0 | $0 |
| Miguel Arechabala | EVP, Power Generation Division | Dec. 12, 2022 M | 24,710 | 0 | 0 | $0 |
| Paul I Cutler | Treasurer | Feb. 17, 2022 A | 82,539 | 0 | 0 | $0 |
| Donald A Moul | EVP, Nuclear Div & CNO | May 15, 2021 F | 13,963 | 0 | 0 | $0 |
| Joseph T Kelliher | EVP, Federal Reg. Affairs | Feb. 28, 2020 M | 23,883 | 0 | 0 | $0 |
| William L Yeager | EVP Eng, Const. & ISC | March 11, 2019 S | 4,184 | 0 | 0 | $0 |
| Chris N Froggatt | VP, Controller and CAO | July 29, 2016 M | 19,168 | 0 | 0 | $0 |
| Lewis Hay III | Exec Chairman | March 15, 2013 S | 54,999 | 0 | 0 | $0 |
| Antonio Rodriguez | EVP-Power Generation | March 11, 2013 S | 25,533 | 0 | 0 | $0 |
| Shaun J Francis | EVP, HR & Corp Services | Feb. 15, 2013 A | 20,704 | 0 | 0 | $0 |
| Robert L Mcgrath | EVP Eng, Const. & Corp Svs | Oct. 25, 2012 S | 28,739 | 0 | 0 | $0 |
| Christopher A Bennett | EVP-Chf Strat,Pol & Bus Proc | Feb. 17, 2012 A | 47,567 | 0 | 0 | $0 |
| James W Poppell | Ex VP, Human Resources | Feb. 12, 2010 A | 14,354 | 0 | 0 | $0 |
| Michael K Davis | Controller, CAO | Feb. 12, 2010 A | 60,257 | 0 | 0 | $0 |
| Dennis P Coyle | General Counsel/Secretary | Feb. 17, 2005 A | 27,584 | 0 | 0 | $0 |
| Lawrence J Kelleher | VP of Human Resources | Nov. 9, 2004 S | 79,596 | 0 | 0 | $0 |
| Nicole S Arnaboldi | Director | Oct. 2, 2026 A | 20,154 | 0 | 0 | $0 |
| David L Porges | Director | Sept. 15, 2026 A | 53,722 | 0 | 0 | $0 |
| James Lawrence Camaren | Director | Sept. 15, 2026 A | 158,450 | 0 | 0 | $0 |
| Deborah L Stahlkopf | Director | Feb. 12, 2026 A | 9,620 | 0 | 0 | $0 |
| Darryl L. Wilson | Director | Feb. 12, 2026 A | 24,219 | 0 | 0 | $0 |
| Geoffrey Martha | Director | Feb. 12, 2026 A | 6,000 | 0 | 0 | $0 |
| Kirk S Hachigian | Director | Feb. 12, 2026 A | 52,492 | 0 | 0 | $0 |
| Amy B Lane | Director | Feb. 12, 2026 A | 53,879 | 0 | 0 | $0 |
| John A Stall | Director | Feb. 12, 2026 A | 18,846 | 0 | 0 | $0 |
| Sherry S Barrat | Director | March 15, 2024 A | 116,674 | 0 | 0 | $0 |
| Kenneth B Dunn | Director | Feb. 15, 2024 A | 82,260 | 0 | 0 | $0 |
| Rudy E Schupp | Director | March 8, 2023 G | 59,284 | 0 | 0 | $0 |
| John L Skolds | Director | Feb. 16, 2023 A | 49,820 | 0 | 0 | $0 |
| Lynn M Utter | Director | April 20, 2022 A | 4,652 | 0 | 0 | $0 |
| James L Robo | Director | March 9, 2022 G | 440,728 | 0 | 0 | $0 |
| Toni Jennings | Director | Feb. 11, 2021 A | 35,334 | 0 | 0 | $0 |
| William H Swanson | Director | Feb. 11, 2021 A | 113,150 | 0 | 0 | $0 |
| Hansel E Tookes II | Director | Feb. 13, 2020 A | 25,030 | 0 | 0 | $0 |
| Robert M Beall II | Director | Feb. 12, 2016 A | 29,310 | 0 | 0 | $0 |
| Oliver D Kingsley JR | Director | March 15, 2013 A | 13,006 | 0 | 0 | $0 |
| Hyatt J Brown | Director | Feb. 17, 2012 A | 63,540 | 0 | 0 | $0 |
| Paul R Tregurtha | Director | March 15, 2010 A | 25,440 | 0 | 0 | $0 |
| Jesse H Arnelle | Director | Dec. 15, 2006 A | 15,216 | 0 | 0 | $0 |
| Frank G Zarb | Director | Feb. 16, 2006 A | 11,600 | 0 | 0 | $0 |
| Frederic V Malek | Director | Feb. 17, 2005 A | 5,700 | 0 | 0 | $0 |
| Alexander W Dreyfoos JR | Director | March 15, 2004 A | 8,300 | 0 | 0 | $0 |
| Charles E Sieving | · | Feb. 12, 2026 A | 190,809 | 0 | 2 | $-3,606,880 |
| Naren K Gursahaney | · | Feb. 12, 2026 A | 49,083 | 0 | 0 | $0 |
| Maria Henry | · | Feb. 12, 2026 A | 9,060 | 0 | 0 | $0 |
| Eric E Silagy | · | June 2, 2022 P | 233,684 | 0 | 0 | $0 |
| Michael H Thaman | · | Feb. 14, 2014 A | 21,140 | 0 | 0 | $0 |
| Brian J Ferguson | · | March 15, 2013 A | 16,340 | 0 | 0 | $0 |
| Armando J Olivera | · | Feb. 17, 2012 A | 83,961 | 0 | 0 | $0 |
| Mitchell F Davidson | · | May 3, 2011 S | 46,863 | 0 | 0 | $0 |
| Edward F Tancer | · | Dec. 15, 2008 A | 14,242 | 0 | 0 | $0 |
| Robert H Escoto | · | Sept. 12, 2008 S | 30,334 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 170 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FUTY · FIDELITY COVINGTON TRUST | 11.81% | 3,156,645 NS | July 31, 2026 | N-PORT |
| VPU · VANGUARD WORLD FUND | 11.65% | 14,275,868 SH | Aug. 19, 2026 | Daily |
| IDU · iShares Trust | 11.03% | 1,730,175 SH | Sept. 11, 2026 | Daily |
| UTSL · Direxion Shares ETF Trust | 10.16% | 44,244 NS | July 31, 2026 | N-PORT |
| JXI · iShares Trust | 7.89% | 287,127 SH | Sept. 11, 2026 | Daily |
| POWR · iShares, Inc. | 5.98% | 331,098 SH | Sept. 11, 2026 | Daily |
| IGF · iShares Trust | 4.83% | 6,082,876 SH | Sept. 11, 2026 | Daily |
| UTES · ETFis Series Trust I | 4.01% | 606,929 NS | July 31, 2026 | N-PORT |
| ZAP · Global X Funds | 3.91% | 207,686 NS | July 31, 2026 | N-PORT |
| ASLV · ALLSPRING EXCHANGE-TRADED FUNDS TRU… | 3.74% | 94,149 NS | July 31, 2026 | N-PORT |
| VRP · Invesco Exchange-Traded Fund Trust … | 3.36% | 104,868,000 | Oct. 5, 2026 | Daily |
| RSPU · Invesco Exchange-Traded Fund Trust | 3.20% | 198,763 SH | Oct. 5, 2026 | Daily |
| CCOR · Listed Funds Trust | 3.00% | 9,649 NS | July 31, 2026 | N-PORT |
| PFF · iShares Trust | 2.92% | 10,561,542 SH | Sept. 11, 2026 | Daily |
| JGLO · J.P. Morgan Exchange-Traded Fund Tr… | 2.53% | 1,942,881 NS | July 31, 2026 | N-PORT |
| BDIV · ETF Series Solutions | 2.52% | 1,938 NS | July 31, 2026 | N-PORT |
| NFRA · FlexShares Trust | 2.51% | 866,661 NS | July 31, 2026 | N-PORT |
| JDIV · J.P. Morgan Exchange-Traded Fund Tr… | 2.49% | 3,686 NS | July 31, 2026 | N-PORT |
| GDIV · Harbor ETF Trust | 2.42% | 65,483 NS | July 31, 2026 | N-PORT |
| ELCV · Strategy Shares | 2.07% | 59,663 NS | July 31, 2026 | N-PORT |
| FDV · Federated Hermes ETF Trust | 2.01% | 203,463 NS | July 31, 2026 | N-PORT |
| PGX · Invesco Exchange-Traded Fund Trust … | 1.91% | 3,239,316 | Oct. 5, 2026 | Daily |
| SPDV · ETF Series Solutions | 1.85% | 28,073 NS | July 31, 2026 | N-PORT |
| ESLV · Strategy Shares | 1.63% | 2,668 NS | July 31, 2026 | N-PORT |
| BOBP · EXCHANGE TRADED CONCEPTS TRUST | 1.62% | 109 NS | July 31, 2026 | N-PORT |
| VCLN · Virtus ETF Trust II | 1.52% | 956 NS | July 31, 2026 | N-PORT |
| SOVF · Elevation Series Trust | 1.48% | 14,837 NS | July 31, 2026 | N-PORT |
| EMLP · First Trust Exchange-Traded Fund IV | 1.47% | 698,914 NS | July 31, 2026 | N-PORT |
| FPWR · First Trust Exchange-Traded Fund IV | 1.41% | 4,813 NS | July 31, 2026 | N-PORT |
| KNG · First Trust Exchange-Traded Fund IV | 1.34% | 543,149 NS | July 31, 2026 | N-PORT |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 1.25% | 44,314,000 | Oct. 5, 2026 | Daily |
| REVS · Columbia ETF Trust I | 1.22% | 47,030 NS | July 31, 2026 | N-PORT |
| COMT · iShares U.S. ETF Trust | 1.22% | 16,910,000 SH | Sept. 11, 2026 | Daily |
| GSY · Invesco Actively Managed Exchange-T… | 1.18% | 46,222,000 | Oct. 5, 2026 | Daily |
| FDVV · FIDELITY COVINGTON TRUST | 1.17% | 1,368,734 NS | July 31, 2026 | N-PORT |
| DGRO · iShares Trust | 1.10% | 5,740,321 SH | Sept. 11, 2026 | Daily |
| GURU · Global X Funds | 1.06% | 7,494 NS | July 31, 2026 | N-PORT |
| INFO · Harbor ETF Trust | 1.01% | 98,307 NS | July 31, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.99% | 28,738,000 | Oct. 5, 2026 | Daily |
| IQRA · New York Life Investments Active ET… | 0.95% | 754 NS | July 31, 2026 | N-PORT |
| EQWL · Invesco Exchange-Traded Fund Trust | 0.94% | 341,093 SH | Oct. 5, 2026 | Daily |
| SPLV · Invesco Exchange-Traded Fund Trust … | 0.88% | 789,985 SH | Oct. 5, 2026 | Daily |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.86% | 38,852,000 | Oct. 5, 2026 | Daily |
| MGV · VANGUARD WORLD FUND | 0.86% | 1,310,712 SH | Aug. 19, 2026 | Daily |
| FXU · First Trust Exchange-Traded AlphaDE… | 0.84% | 80,276 NS | July 31, 2026 | N-PORT |
| AAAA · EA Series Trust | 0.81% | 26,055 NS | July 31, 2026 | N-PORT |
| DVY · iShares Trust | 0.81% | 2,308,974 SH | Sept. 11, 2026 | Daily |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0.80% | 427,440 NS | July 31, 2026 | N-PORT |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.80% | 11,781,100 SH | Aug. 19, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.76% | 8,333,197 SH | Aug. 19, 2026 | Daily |
| ESUM · Strategy Shares | 0.76% | 15,886 NS | July 31, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.70% | 21,283,000 | Oct. 5, 2026 | Daily |
| RECS · Columbia ETF Trust I | 0.67% | 450,422 NS | July 31, 2026 | N-PORT |
| VTV · VANGUARD INDEX FUNDS | 0.65% | 18,829,068 SH | Aug. 19, 2026 | Daily |
| JOYT · J.P. Morgan Exchange-Traded Fund Tr… | 0.65% | 7,232 NS | July 31, 2026 | N-PORT |
| IWX · iShares Trust | 0.64% | 301,456 SH | Sept. 11, 2026 | Daily |
| EVUS · iShares Trust | 0.63% | 29,186 SH | Sept. 11, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.63% | 480,201 SH | Aug. 19, 2026 | Daily |
| RGEF · Tidal Trust III | 0.63% | 58,667 NS | July 31, 2026 | N-PORT |
| IIGD · Invesco Exchange-Traded Self-Indexe… | 0.62% | 189,000 | Oct. 2, 2026 | Daily |
| TRFM · ETF Series Solutions | 0.61% | 17,480 NS | July 31, 2026 | N-PORT |
| OEI · Listed Funds Trust | 0.60% | 3,222 NS | July 31, 2026 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 0.59% | 59,606 SH | Oct. 5, 2026 | Daily |
| LQAI · Exchange Listed Funds Trust | 0.59% | 150 NS | July 31, 2026 | N-PORT |
| IVE · iShares Trust | 0.58% | 3,463,472 SH | Sept. 11, 2026 | Daily |
| IUSV · iShares Trust | 0.55% | 1,824,798 SH | Sept. 11, 2026 | Daily |
| IQSU · New York Life Investments ETF Trust | 0.54% | 20,326 NS | July 31, 2026 | N-PORT |
| ESMV · iShares Trust | 0.52% | 488 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.51% | 1,260,298 SH | Aug. 19, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.51% | 8,922 NS | July 31, 2026 | N-PORT |
| ILCV · iShares Trust | 0.50% | 81,091 SH | Sept. 11, 2026 | Daily |
| DYNF · BlackRock ETF Trust | 0.48% | 2,437,778 SH | Sept. 11, 2026 | Daily |
| EIPX · First Trust Exchange-Traded Fund IV | 0.47% | 30,155 NS | July 31, 2026 | N-PORT |
| IWD · iShares Trust | 0.46% | 4,639,091 SH | Sept. 11, 2026 | Daily |
| ESLG · Strategy Shares | 0.45% | 1,209 NS | July 31, 2026 | N-PORT |
| EGLE · Global X Funds | 0.42% | 106 NS | July 31, 2026 | N-PORT |
| ACIO · ETF Series Solutions | 0.42% | 113,678 NS | July 31, 2026 | N-PORT |
| FDRR · FIDELITY COVINGTON TRUST | 0.41% | 35,079 NS | July 31, 2026 | N-PORT |
| FDMO · FIDELITY COVINGTON TRUST | 0.41% | 42,654 NS | July 31, 2026 | N-PORT |
| FQAL · FIDELITY COVINGTON TRUST | 0.41% | 65,982 NS | July 31, 2026 | N-PORT |
| ADME · ETF Series Solutions | 0.40% | 13,418 NS | July 31, 2026 | N-PORT |
| ESGU · iShares Trust | 0.40% | 862,627 SH | Sept. 11, 2026 | Daily |
| FVAL · FIDELITY COVINGTON TRUST | 0.39% | 60,451 NS | July 31, 2026 | N-PORT |
| VMAX · Lattice Strategies Trust | 0.36% | 2,049 NS | July 31, 2026 | N-PORT |
| OEF · iShares Trust | 0.36% | 881,608 SH | Sept. 11, 2026 | Daily |
| MGC · VANGUARD WORLD FUND | 0.35% | 417,410 SH | Aug. 19, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.35% | 503,000 | Oct. 5, 2026 | Daily |
| FEUS · FlexShares Trust | 0.35% | 4,455 NS | July 31, 2026 | N-PORT |
| HEQQ · J.P. Morgan Exchange-Traded Fund Tr… | 0.33% | 1,123 NS | July 31, 2026 | N-PORT |
| USCL · iShares Trust | 0.32% | 110,388 SH | Sept. 11, 2026 | Daily |
| TOPC · iShares Trust | 0.32% | 1,266 SH | Sept. 11, 2026 | Daily |
| DIVB · iShares Trust | 0.31% | 77,172 SH | Sept. 11, 2026 | Daily |
| FFLV · FIDELITY COVINGTON TRUST | 0.31% | 587 NS | July 31, 2026 | N-PORT |
| IWL · iShares Trust | 0.31% | 81,156 SH | Sept. 11, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.30% | 15,742 NS | July 31, 2026 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.30% | 65,533 SH | Oct. 5, 2026 | Daily |
| XVV · iShares Trust | 0.29% | 24,005 SH | Sept. 11, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.29% | 2,435,453 SH | Aug. 19, 2026 | Daily |
| XYLD · Global X Funds | 0.28% | 106,071 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.28% | 1,629 NS | July 31, 2026 | N-PORT |
| CATH · Global X Funds | 0.28% | 42,359 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.28% | 156 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.28% | 105,726 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.28% | 2,076 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.28% | 286,996 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.28% | 176,665 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.28% | 54,170,154 SH | Aug. 19, 2026 | Daily |
| CHRI · Global X Funds | 0.28% | 257 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.28% | 35,202 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.28% | 114 NS | July 31, 2026 | N-PORT |
| TOV · EA Series Trust | 0.27% | 8,307 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.27% | 177 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.26% | 26,284,608 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.26% | 629,916 NS | July 31, 2026 | N-PORT |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.26% | 344,883 SH | Aug. 19, 2026 | Daily |
| ILCB · iShares Trust | 0.26% | 40,490 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.26% | 7,867 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.26% | 50,255 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.25% | 66,213,444 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.25% | 175,771 SH | Aug. 19, 2026 | Daily |
| IWB · iShares Trust | 0.25% | 1,443,815 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.25% | 89,333 SH | Sept. 11, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.24% | 12,410 SH | Oct. 5, 2026 | Daily |
| PEVC · Pacer Funds Trust | 0.24% | 67 NS | July 31, 2026 | N-PORT |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.24% | 336,007 SH | Oct. 5, 2026 | Daily |
| IWV · iShares Trust | 0.24% | 575,980 SH | Sept. 11, 2026 | Daily |
| JFLI · J.P. Morgan Exchange-Traded Fund Tr… | 0.24% | 1,296 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.23% | 2,713,071 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.23% | 56,880 NS | July 31, 2026 | N-PORT |
| HCMT · Direxion Shares ETF Trust | 0.22% | 14,512 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.22% | 286,141 SH | Oct. 5, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.22% | 307,413 NS | July 31, 2026 | N-PORT |
| SPXL · Direxion Shares ETF Trust | 0.21% | 163,032 NS | July 31, 2026 | N-PORT |
| ROUS · Lattice Strategies Trust | 0.21% | 16,833 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.20% | 1,643 SH | Oct. 5, 2026 | Daily |
| TOK · iShares Trust | 0.20% | 5,817 SH | Sept. 11, 2026 | Daily |
| EUSA · iShares, Inc. | 0.20% | 45,418 SH | Sept. 11, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.19% | 10,062,000 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.19% | 73,891 NS | July 31, 2026 | N-PORT |
| RSP · Invesco Exchange-Traded Fund Trust | 0.19% | 2,355,201 SH | Oct. 5, 2026 | Daily |
| HDUS · Lattice Strategies Trust | 0.19% | 4,432 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.19% | 186,920 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.19% | 19,735 SH | Oct. 5, 2026 | Daily |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.19% | 28,512 NS | July 31, 2026 | N-PORT |
| CRBN · iShares Trust | 0.18% | 25,245 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.17% | 663,397 SH | Sept. 11, 2026 | Daily |
| SIZE · iShares Trust | 0.16% | 8,402 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.16% | 1,740,150 SH | Aug. 19, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.13% | 169,541 SH | Oct. 5, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.13% | 81,194 SH | Oct. 2, 2026 | Daily |
| LRGF · iShares Trust | 0.11% | 49,964 SH | Sept. 11, 2026 | Daily |
| USMV · iShares Trust | 0.11% | 304,043 SH | Sept. 11, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.09% | 6,196 NS | July 31, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.09% | 16,053 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.07% | 389,208 NS | July 31, 2026 | N-PORT |
| GTOS · Invesco Actively Managed Exchange-T… | 0.07% | 78,000 | Oct. 5, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.03% | 910,500 | Oct. 5, 2026 | Daily |
| PFFA · ETFis Series Trust I | 0.00% | 40 NS | July 31, 2026 | N-PORT |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| IFRA · iShares Trust | · | 2,040,495 SH | Sept. 11, 2026 | Daily |
NEE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
19 analysts · 2026-10-02Mean target $98.16 +26.0%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NEE | $167.22B | 24.3 | 9.8% | 26.5% | 13.1% | · |
| CEG | $110.22B | 47.7 | 8.3% | 9.1% | 16.8% | · |
| SO | · | · | · | · | · | · |
| DUK | $91.19B | 18.6 | 5.6% | 15.7% | 9.7% | · |
| AEP | · | 17.3 | 10.9% | 16.9% | 12.7% | · |
| ETR | · | 23.6 | 9.0% | 13.7% | 11.1% | · |
| XEL | $46.06B | 21.6 | · | · | 9.4% | · |
| EXC | $44.59B | 15.3 | 5.3% | 11.4% | 9.9% | · |
| PCG | $35.32B | 13.6 | 2.1% | 10.8% | 8.6% | · |
| FE | $25.87B | 25.4 | 12.0% | 6.8% | 8.2% | · |
| PPL | · | · | · | · | · | · |
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