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Side-by-side financial comparison of NextEra Energy (NEE) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
NextEra Energy is the larger business by last-quarter revenue ($6.0B vs $4.3B, roughly 1.4× Royal Caribbean Group). NextEra Energy runs the higher net margin — 25.6% vs 17.7%, a 7.9% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (13.3% vs 11.1%). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (6.9% 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.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
NEE vs RCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $4.3B |
| Net Profit | $1.5B | $753.0M |
| Gross Margin | — | 47.4% |
| Operating Margin | 26.4% | 21.9% |
| Net Margin | 25.6% | 17.7% |
| Revenue YoY | 11.1% | 13.3% |
| Net Profit YoY | 27.6% | 36.4% |
| EPS (diluted) | $0.74 | $2.76 |
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 | $4.3B | ||
| Q3 25 | $7.4B | $5.1B | ||
| Q2 25 | $6.4B | $4.5B | ||
| Q1 25 | $6.0B | $4.0B | ||
| Q4 24 | $5.4B | $3.8B | ||
| Q3 24 | $6.7B | $4.9B | ||
| Q2 24 | $6.0B | $4.1B | ||
| Q1 24 | $5.4B | $3.7B |
| Q4 25 | $1.5B | $753.0M | ||
| Q3 25 | $2.4B | $1.6B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $833.0M | $730.0M | ||
| Q4 24 | $1.2B | $552.0M | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $1.6B | $854.0M | ||
| Q1 24 | $2.3B | $360.0M |
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% | ||
| Q1 24 | — | 44.8% |
| Q4 25 | 26.4% | 21.9% | ||
| Q3 25 | 34.1% | 33.1% | ||
| Q2 25 | 29.9% | 29.3% | ||
| Q1 25 | 37.6% | 23.6% | ||
| Q4 24 | 17.4% | 16.6% | ||
| Q3 24 | 42.6% | 33.4% | ||
| Q2 24 | 27.8% | 26.7% | ||
| Q1 24 | 37.3% | 20.1% |
| Q4 25 | 25.6% | 17.7% | ||
| Q3 25 | 32.9% | 30.6% | ||
| Q2 25 | 31.7% | 26.7% | ||
| Q1 25 | 13.9% | 18.3% | ||
| Q4 24 | 22.3% | 14.7% | ||
| Q3 24 | 27.6% | 22.7% | ||
| Q2 24 | 27.0% | 20.8% | ||
| Q1 24 | 42.0% | 9.7% |
| Q4 25 | $0.74 | $2.76 | ||
| Q3 25 | $1.18 | $5.74 | ||
| Q2 25 | $0.98 | $4.41 | ||
| Q1 25 | $0.40 | $2.70 | ||
| Q4 24 | $0.58 | $2.27 | ||
| Q3 24 | $0.90 | $4.21 | ||
| Q2 24 | $0.79 | $3.11 | ||
| Q1 24 | $1.10 | $1.35 |
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 | $825.0M |
| Total DebtLower is stronger | — | $18.2B |
| Stockholders' EquityBook value | $54.6B | $10.0B |
| Total Assets | $212.7B | $41.6B |
| Debt / EquityLower = less leverage | — | 1.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.8B | $825.0M | ||
| Q3 25 | $2.4B | $432.0M | ||
| Q2 25 | $1.7B | $735.0M | ||
| Q1 25 | $2.4B | $386.0M | ||
| Q4 24 | $1.5B | $388.0M | ||
| Q3 24 | $2.3B | $418.0M | ||
| Q2 24 | $1.6B | $391.0M | ||
| Q1 24 | $1.6B | $437.0M |
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | — | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B | ||
| Q1 24 | — | $18.9B |
| Q4 25 | $54.6B | $10.0B | ||
| Q3 25 | $54.2B | $10.1B | ||
| Q2 25 | $50.8B | $9.2B | ||
| Q1 25 | $49.8B | $8.0B | ||
| Q4 24 | $50.1B | $7.6B | ||
| Q3 24 | $50.1B | $7.0B | ||
| Q2 24 | $49.1B | $6.0B | ||
| Q1 24 | $48.6B | $5.2B |
| Q4 25 | $212.7B | $41.6B | ||
| Q3 25 | $204.4B | $40.1B | ||
| Q2 25 | $198.8B | $38.5B | ||
| Q1 25 | $194.3B | $37.5B | ||
| Q4 24 | $190.1B | $37.1B | ||
| Q3 24 | $186.0B | $37.1B | ||
| Q2 24 | $184.7B | $37.0B | ||
| Q1 24 | $179.9B | $35.2B |
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× | ||
| Q1 24 | — | 3.66× |
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 | $1.6B |
| Free Cash FlowOCF − Capex | — | $116.0M |
| FCF MarginFCF / Revenue | — | 2.7% |
| Capex IntensityCapex / Revenue | — | 35.4% |
| Cash ConversionOCF / Net Profit | 1.63× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $4.0B | $1.5B | ||
| Q2 25 | $3.2B | $1.7B | ||
| Q1 25 | $2.8B | $1.6B | ||
| Q4 24 | $2.0B | $1.5B | ||
| Q3 24 | $4.3B | $897.0M | ||
| Q2 24 | $3.9B | $1.6B | ||
| Q1 24 | $3.1B | $1.3B |
| Q4 25 | — | $116.0M | ||
| Q3 25 | — | $-989.0M | ||
| Q2 25 | — | $910.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $915.0M | ||
| Q3 24 | — | $563.0M | ||
| Q2 24 | — | $-567.0M | ||
| Q1 24 | — | $1.1B |
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | — | 20.1% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | -13.8% | ||
| Q1 24 | — | 29.1% |
| Q4 25 | — | 35.4% | ||
| Q3 25 | — | 47.8% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 52.1% | ||
| Q1 24 | — | 6.5% |
| Q4 25 | 1.63× | 2.16× | ||
| Q3 25 | 1.65× | 0.93× | ||
| Q2 25 | 1.57× | 1.44× | ||
| Q1 25 | 3.32× | 2.23× | ||
| Q4 24 | 1.65× | 2.66× | ||
| Q3 24 | 2.31× | 0.81× | ||
| Q2 24 | 2.42× | 1.84× | ||
| Q1 24 | 1.36× | 3.69× |
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% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
