NextEra Energy (HAM:FP3) Operating Income: €6,661 Mil (TTM As of Mar. 2026)

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HAM:FP3 NextEra Energy Inc HAM:FP3
86 GF Score
Price €76.58
GF Value €70.91
Valuation Fairly Valued
! 10 Warning Signs
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What is NextEra Energy Operating Income?

NextEra Energy HAM:FP3 +0.42% 86 Operating Income is €6,661 Mil as of Mar. 2026. GuruFocus rates HAM:FP3 with a GF Score™ of 86/100 and a GF Value™ of €70.91 (Fairly Valued). The stock has 10 warning signs investors should review.

NextEra Energy's Operating Income for the three months ended in Mar. 2026 was €1,688 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €6,661 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. NextEra Energy's Operating Income for the three months ended in Mar. 2026 was €1,688 Mil. NextEra Energy's Revenue for the three months ended in Mar. 2026 was €5,796 Mil. Therefore, NextEra Energy's Operating Margin % for the quarter that ended in Mar. 2026 was 29.12%.

Good Sign:

NextEra Energy Inc operating margin is expanding. Margin expansion is usually a good sign.

NextEra Energy's 5-Year average Growth Rate for Operating Margin % was 8.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NextEra Energy's annualized ROC % for the quarter that ended in Mar. 2026 was 3.62%. NextEra Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.28%.


NextEra Energy  (HAM:FP3) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

NextEra Energy's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=6750.46 * ( 1 - 0% )/( (179527.88 + 192960.74)/ 2 )
=6750.46/186244.31
=3.62 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=181663.734 - 10020.836 - ( 2401.448 - max(0, 19485.718 - 11600.736+2401.448))
=179527.88

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=191531.76 - 8704.495 - ( 1728.27 - max(0, 22120.645 - 11987.17+1728.27))
=192960.74

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

NextEra Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=8601.56/( ( (133392.238 + max(-6588.61, 0)) + (140442.265 + max(-4700.41, 0)) )/ 2 )
=8601.56/( ( 133392.238 + 140442.265 )/ 2 )
=8601.56/136917.2515
=6.28 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3431.372 + 2066.68 + 2221.254) - (10020.836 + 605.486 + 3681.594)
=-6588.61

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3573.315 + 2229.105 + 2574.24) - (8704.495 + 632.315 + 3740.26)
=-4700.41

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

NextEra Energy's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1687.615/5796.365
=29.12 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


NextEra Energy Operating Income Related Terms


NextEra Energy Operating Income Historical Data

* Premium members only.

The historical data trend for NextEra Energy's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NextEra Energy Operating Income Chart

NextEra Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,509.86 3,359.70 9,015.94 6,806.29 6,849.08

NextEra Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,053.50 1,641.23 2,031.17 1,300.64 1,687.62
HAM:FP3
86GF Score
NextEra Energy Inc HAM:FP3
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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NextEra Energy Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €6,661 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €6,661 Mil mean?
NextEra Energy (HAM:FP3) has a Operating Income of €6,661 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on NextEra Energy and its competitors.
Is NextEra Energy's Operating Income too high?
NextEra Energy's current Operating Income is €6,661 Mil. Overall, NextEra Energy has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NextEra Energy's Operating Income compare to SO and DUK?
NextEra Energy's Operating Income of €6,661 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Utilities - Regulated company?
A good Operating Income depends on the Utilities - Regulated industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on NextEra Energy and its competitors. NextEra Energy's current Operating Income is €6,661 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NextEra Energy stock overvalued right now?
Based on GuruFocus' analysis, NextEra Energy (HAM:FP3) is currently considered Fairly Valued. The stock's GF Value™ is €70.91, compared to a current price of €76.58 — trading 8% above its estimated fair value. The current Operating Income is €6,661 Mil. NextEra Energy's overall GF Score™ is 86/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For NextEra Energy (HAM:FP3), the current Operating Income is €6,661 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NextEra Energy (HAM:FP3) Overvalued in 2026?

Based on GuruFocus' analysis, NextEra Energy stock appears to be overvalued. The current stock price of €76.58 is trading 8% above its estimated GF Value™ of €70.91. GuruFocus considers NextEra Energy to be Fairly Valued.

Key valuation signals for HAM:FP3:

  • Operating Income: €6,661 Mil
  • GF Value™: €70.91 vs. price of €76.58 (8% above fair value)
  • GF Score™: 86/100 with 10 warning signs

No single metric tells the full story. See the HAM:FP3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NextEra Energy Business Description

Address 700 Universe Boulevard, Juno Beach, FL, USA, 33408
NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to over 6 million customer accounts in Florida and owns 36 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with nearly 40 GW of generation capacity, including natural gas, nuclear, wind, and solar.
86GF Score

Get the complete analysis for HAM:FP3

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€76.58
Price
€70.91
GF Value