NEE vs SO
Nextera Energy Inc. and Southern Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | NEE | SO |
|---|---|---|
| Revenue | $27.4B | $29.6B |
| Net income | $6.8B | $4.3B |
| Gross margin | · | · |
| Net margin | 19.5% | 14.1% |
| Return on equity | 13.1% | 12.5% |
| Diluted EPS | $3.30 | $3.92 |
| Dividend / share | $2.27 | $2.94 |
| Payout ratio | 68.5% | 69.5% |
| Free cash flow | · | $-2.9B |
| Equity | $54.6B | $36.0B |
| Net debt / equity | 1.65× | 1.80× |
| Current ratio | 0.60× | 0.65× |
| Revenue CAGR 5y | 8.8% | 7.0% |
| Profit CAGR 5y | 18.5% | · |
NEE and SO book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (19.5% against 14.1%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | NEE | SO |
|---|---|---|
| FY2025 | $27.4B | $29.6B |
| FY2024 | $24.8B | $26.8B |
| FY2023 | $28.1B | $25.3B |
| FY2022 | $23.0B | $29.3B |
| FY2021 | $18.8B | $23.5B |
| FY2020 | $18.0B | $21.1B |
| FY2019 | $19.2B | $22.6B |
| FY2018 | $16.7B | $25.2B |
| FY2017 | $17.2B | $23.0B |
| FY2016 | $16.1B | $19.9B |
Bottom line
| Fiscal year | NEE | SO |
|---|---|---|
| FY2025 | $6.8B | $4.3B |
| FY2024 | $6.9B | $4.4B |
| FY2023 | $7.3B | $4.0B |
| FY2022 | $4.1B | $3.4B |
| FY2021 | $3.6B | $2.3B |
| FY2020 | $2.9B | $3.1B |
| FY2019 | $3.8B | $4.7B |
| FY2018 | $6.6B | $2.3B |
| FY2017 | $5.4B | $926.0M |
| FY2016 | $2.9B | $2.5B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$2,141,000,000 | SO |
| FY2024 | −$2,011,000,000 | SO |
| FY2023 | +$2,861,000,000 | NEE |
| FY2022 | −$6,279,000,000 | SO |
| FY2021 | −$4,663,000,000 | SO |
| FY2020 | −$3,100,000,000 | SO |
| FY2019 | −$3,392,000,000 | SO |
| FY2018 | −$8,514,000,000 | SO |
| FY2017 | −$5,858,000,000 | SO |
| FY2016 | −$3,758,000,000 | SO |
| FY2015 | −$3,000,000 | SO |
| FY2014 | −$1,446,000,000 | SO |
| FY2013 | −$1,951,000,000 | SO |
| FY2012 | −$2,281,000,000 | SO |
| FY2011 | −$2,316,000,000 | SO |
| FY2010 | −$2,139,000,000 | SO |
| FY2009 | −$100,000,000 | SO |
| FY2008 | −$717,000,000 | SO |
| FY2007 | −$90,000,000 | SO |
The higher-revenue side has changed between NEE and SO over this period. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +5.3 pp | NEE |
| FY2024 | +7.1 pp | NEE |
| FY2023 | +7.1 pp | NEE |
| FY2022 | +2.4 pp | NEE |
| FY2021 | +5.2 pp | NEE |
| FY2020 | −1.5 pp | SO |
| FY2019 | −3.4 pp | SO |
| FY2018 | +25.4 pp | NEE |
| FY2017 | +27.0 pp | NEE |
| FY2016 | +5.9 pp | NEE |
| FY2015 | +1.9 pp | NEE |
| FY2014 | +3.5 pp | NEE |
| FY2013 | +2.6 pp | NEE |
| FY2012 | −1.2 pp | SO |
| FY2011 | −0.3 pp | SO |
| FY2010 | +1.1 pp | NEE |
| FY2009 | −0.5 pp | SO |
| FY2008 | −0.6 pp | SO |
The higher net margin has changed hands between NEE and SO over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NEE's net margin has been more volatile than SO's over the 18 comparable fiscal years — 6.6 percentage points of standard deviation against 3.4.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between NEE and SO over these 18 fiscal years — NEE led in 12 and SO in 6.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NEE's return on equity has been more volatile than SO's over the 18 comparable fiscal years — 3.3 percentage points of standard deviation against 2.8.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between NEE and SO over these 18 fiscal years — NEE led in 14 and SO in 4.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.