NextEra Energy, Inc. — Earnings Quality Grade F
NEE · Utilities
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 54 days, change +4 days YoY
AR outpaced revenue for 2 consecutive years
Revenue grew 10.7% but CFFO declined -5.8%
Expense Quality
Inventory 9.3% vs COGS 4.6%. Normal
CapEx growth 8.9% vs revenue 10.7%. Normal
Insufficient data
Gross margin 62.3%, change +2.2pp. Stable
Cash Flow Quality
CFFO/NI = 1.83. Profits backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = -2.7%. Low accruals
Cash $2.8B covers only 3% of debt $95.6B
Balance Sheet Health
Goodwill+Intangibles $6.6B = 12% of equity. Manageable
Debt/EBITDA = 6.0x (>4x). Interest coverage = 1.8x (<2x). Financial stress
Other assets 20.6% vs revenue 10.7%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 1% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10