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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and NextEra Energy (NEE). Click either name above to swap in a different company.
Athene Holding Ltd. is the larger business by last-quarter revenue ($8.1B vs $6.0B, roughly 1.4× NextEra Energy). NextEra Energy runs the higher net margin — 25.6% vs 6.4%, a 19.2% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 11.1%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 5.4%).
Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.
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 $170 billion as of Oct 2024. 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.
ATHS vs NEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.1B | $6.0B |
| Net Profit | $523.0M | $1.5B |
| Gross Margin | — | — |
| Operating Margin | 16.9% | 26.4% |
| Net Margin | 6.4% | 25.6% |
| Revenue YoY | 115.1% | 11.1% |
| Net Profit YoY | -48.5% | 27.6% |
| EPS (diluted) | — | $0.74 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $8.1B | $6.0B | ||
| Q3 25 | $8.0B | $7.4B | ||
| Q2 25 | $5.4B | $6.4B | ||
| Q1 25 | $4.2B | $6.0B | ||
| Q4 24 | $3.8B | $5.4B | ||
| Q3 24 | $6.5B | $6.7B | ||
| Q2 24 | $4.7B | $6.0B | ||
| Q1 24 | $5.7B | $5.4B |
| Q4 25 | $523.0M | $1.5B | ||
| Q3 25 | $1.3B | $2.4B | ||
| Q2 25 | $464.0M | $2.0B | ||
| Q1 25 | $465.0M | $833.0M | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $625.0M | $1.9B | ||
| Q2 24 | $629.0M | $1.6B | ||
| Q1 24 | $1.2B | $2.3B |
| Q4 25 | 16.9% | 26.4% | ||
| Q3 25 | 26.8% | 34.1% | ||
| Q2 25 | 12.2% | 29.9% | ||
| Q1 25 | 22.3% | 37.6% | ||
| Q4 24 | 30.4% | 17.4% | ||
| Q3 24 | 25.7% | 42.6% | ||
| Q2 24 | 22.0% | 27.8% | ||
| Q1 24 | 31.1% | 37.3% |
| Q4 25 | 6.4% | 25.6% | ||
| Q3 25 | 15.7% | 32.9% | ||
| Q2 25 | 8.7% | 31.7% | ||
| Q1 25 | 11.1% | 13.9% | ||
| Q4 24 | 26.8% | 22.3% | ||
| Q3 24 | 9.6% | 27.6% | ||
| Q2 24 | 13.5% | 27.0% | ||
| Q1 24 | 20.8% | 42.0% |
| Q4 25 | — | $0.74 | ||
| Q3 25 | — | $1.18 | ||
| Q2 25 | — | $0.98 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | — | $0.90 | ||
| Q2 24 | — | $0.79 | ||
| Q1 24 | — | $1.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.8B |
| Total DebtLower is stronger | $7.8B | — |
| Stockholders' EquityBook value | $20.5B | $54.6B |
| Total Assets | $442.2B | $212.7B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | $15.3B | $1.6B |
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $6.3B | — | ||
| Q4 24 | $6.3B | — | ||
| Q3 24 | $5.7B | — | ||
| Q2 24 | $5.7B | — | ||
| Q1 24 | $5.7B | — |
| Q4 25 | $20.5B | $54.6B | ||
| Q3 25 | $20.4B | $54.2B | ||
| Q2 25 | $18.1B | $50.8B | ||
| Q1 25 | $17.5B | $49.8B | ||
| Q4 24 | $16.4B | $50.1B | ||
| Q3 24 | $17.4B | $50.1B | ||
| Q2 24 | $15.0B | $49.1B | ||
| Q1 24 | $14.8B | $48.6B |
| Q4 25 | $442.2B | $212.7B | ||
| Q3 25 | $429.9B | $204.4B | ||
| Q2 25 | $405.3B | $198.8B | ||
| Q1 25 | $381.5B | $194.3B | ||
| Q4 24 | $363.3B | $190.1B | ||
| Q3 24 | $355.0B | $186.0B | ||
| Q2 24 | $332.6B | $184.7B | ||
| Q1 24 | $320.6B | $179.9B |
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 0.38× | — | ||
| Q1 24 | 0.39× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $2.5B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 5.82× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $2.5B | ||
| Q3 25 | $636.0M | $4.0B | ||
| Q2 25 | $1.1B | $3.2B | ||
| Q1 25 | $426.0M | $2.8B | ||
| Q4 24 | $386.0M | $2.0B | ||
| Q3 24 | $780.0M | $4.3B | ||
| Q2 24 | $525.0M | $3.9B | ||
| Q1 24 | $185.0M | $3.1B |
| Q4 25 | 5.82× | 1.63× | ||
| Q3 25 | 0.51× | 1.65× | ||
| Q2 25 | 2.28× | 1.57× | ||
| Q1 25 | 0.92× | 3.32× | ||
| Q4 24 | 0.38× | 1.65× | ||
| Q3 24 | 1.25× | 2.31× | ||
| Q2 24 | 0.83× | 2.42× | ||
| Q1 24 | 0.16× | 1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATHS
Segment breakdown not available.
NEE
| Florida Power Light Company | $4.3B | 71% |
| Other | $1.7B | 29% |
