Nextera Energy Inc (NEE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,310,000 | 4,147,000 | 3,573,000 | 2,919,000 | 3,769,000 |
| Revenue | US$ in thousands | 24,708,000 | 23,278,000 | 19,042,000 | 16,976,000 | 17,604,000 |
| Net profit margin | 29.59% | 17.82% | 18.76% | 17.19% | 21.41% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $7,310,000K ÷ $24,708,000K
= 29.59%
NextEra Energy Inc's net profit margin has shown some fluctuations over the past five years. The net profit margin increased to 26.00% in 2023 from 19.79% in 2022, indicating an improvement in profitability. This surge suggests that NextEra Energy Inc was able to effectively manage its expenses and generate more profit relative to its revenue in 2023. The company's net profit margin of 26.00% in 2023 is significantly higher than the margins of 20.93% in 2021, 16.22% in 2020, and 19.63% in 2019. This indicates that NextEra Energy Inc has been more successful in converting its revenue into profit in 2023 compared to the previous years. Overall, the trend in the net profit margin shows a positive trajectory for NextEra Energy Inc, reflecting potentially improved operational efficiency and profitability in the most recent year.
Peer comparison
Dec 31, 2023