vs
Side-by-side financial comparison of NextEra Energy (NEE) and NetEase, Inc. (NTES). Click either name above to swap in a different company.
NextEra Energy is the larger business by last-quarter revenue ($6.0B vs $4.0B, roughly 1.5× NetEase, Inc.). NetEase, Inc. runs the higher net margin — 31.0% vs 25.6%, a 5.4% gap on every dollar of revenue. Over the past eight quarters, NetEase, Inc.'s revenue compounded faster (9.7% CAGR vs 5.4%).
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.
NetEase, Inc. is a Chinese developer and publisher of online PC and mobile games, advertising services, email services, and e-commerce platforms. It is one of the largest Internet and video game companies in the world and was founded by Ding Lei in June 1997.
NEE vs NTES — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $4.0B |
| Net Profit | $1.5B | $1.2B |
| Gross Margin | — | 64.1% |
| Operating Margin | 26.4% | 28.3% |
| Net Margin | 25.6% | 31.0% |
| Revenue YoY | 11.1% | — |
| Net Profit YoY | 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 | $6.0B | — | ||
| Q3 25 | $7.4B | $4.0B | ||
| Q2 25 | $6.4B | $3.9B | ||
| Q1 25 | $6.0B | $4.0B | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $6.7B | $3.7B | ||
| Q2 24 | $6.0B | $3.5B | ||
| Q1 24 | $5.4B | $3.7B |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.0B | $1.3B | ||
| Q1 25 | $833.0M | $1.5B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.9B | $955.7M | ||
| Q2 24 | $1.6B | $939.6M | ||
| Q1 24 | $2.3B | $1.1B |
| Q4 25 | — | — | ||
| Q3 25 | — | 64.1% | ||
| Q2 25 | — | 64.7% | ||
| Q1 25 | — | 64.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 62.9% | ||
| Q2 24 | — | 62.9% | ||
| Q1 24 | — | 63.4% |
| Q4 25 | 26.4% | — | ||
| Q3 25 | 34.1% | 28.3% | ||
| Q2 25 | 29.9% | 32.5% | ||
| Q1 25 | 37.6% | 36.2% | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 42.6% | 27.3% | ||
| Q2 24 | 27.8% | 27.4% | ||
| Q1 24 | 37.3% | 28.4% |
| Q4 25 | 25.6% | — | ||
| Q3 25 | 32.9% | 31.0% | ||
| Q2 25 | 31.7% | 32.6% | ||
| Q1 25 | 13.9% | 36.6% | ||
| Q4 24 | 22.3% | — | ||
| Q3 24 | 27.6% | 25.6% | ||
| Q2 24 | 27.0% | 26.8% | ||
| Q1 24 | 42.0% | 29.1% |
| 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 | $31.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $54.6B | $160.8B |
| Total Assets | $212.7B | $214.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.4B | $31.3B | ||
| Q2 25 | $1.7B | $54.4B | ||
| Q1 25 | $2.4B | $41.7B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $2.3B | $20.2B | ||
| Q2 24 | $1.6B | $19.0B | ||
| Q1 24 | $1.6B | $43.0B |
| Q4 25 | $54.6B | — | ||
| Q3 25 | $54.2B | $160.8B | ||
| Q2 25 | $50.8B | $154.0B | ||
| Q1 25 | $49.8B | $147.8B | ||
| Q4 24 | $50.1B | — | ||
| Q3 24 | $50.1B | $135.6B | ||
| Q2 24 | $49.1B | $134.2B | ||
| Q1 24 | $48.6B | $130.5B |
| Q4 25 | $212.7B | — | ||
| Q3 25 | $204.4B | $214.5B | ||
| Q2 25 | $198.8B | $208.5B | ||
| Q1 25 | $194.3B | $200.9B | ||
| Q4 24 | $190.1B | — | ||
| Q3 24 | $186.0B | $184.9B | ||
| Q2 24 | $184.7B | $183.3B | ||
| Q1 24 | $179.9B | $195.1B |
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 | $2.5B | $1.8B |
| Free Cash FlowOCF − Capex | — | $1.8B |
| FCF MarginFCF / Revenue | — | 44.7% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 1.63× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | — | ||
| Q3 25 | $4.0B | $1.8B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $2.8B | $1.7B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $4.3B | $1.5B | ||
| Q2 24 | $3.9B | $898.8M | ||
| Q1 24 | $3.1B | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $875.6M | ||
| Q1 24 | — | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 44.7% | ||
| Q2 25 | — | 38.3% | ||
| Q1 25 | — | 40.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 38.9% | ||
| Q2 24 | — | 25.0% | ||
| Q1 24 | — | 34.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.65× | 1.47× | ||
| Q2 25 | 1.57× | 1.20× | ||
| Q1 25 | 3.32× | 1.15× | ||
| Q4 24 | 1.65× | — | ||
| Q3 24 | 2.31× | 1.58× | ||
| Q2 24 | 2.42× | 0.96× | ||
| Q1 24 | 1.36× | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NEE
| Florida Power Light Company | $4.3B | 71% |
| Other | $1.7B | 29% |
NTES
| Games and related value-added services | $3.3B | 82% |
| NetEase Cloud Music | $275.9M | 7% |
| Youdao | $228.8M | 6% |
| Innovative businesses and others | $202.1M | 5% |
