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Side-by-side financial comparison of NextEra Energy (NEE) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
NextEra Energy is the larger business by last-quarter revenue ($6.0B vs $3.2B, roughly 1.9× SHOPIFY INC.). NextEra Energy runs the higher net margin — 25.6% vs -18.3%, a 43.9% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (34.3% vs 11.1%). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (24.5% 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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
NEE vs SHOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $3.2B |
| Net Profit | $1.5B | $-581.0M |
| Gross Margin | — | 0.0% |
| Operating Margin | 26.4% | 0.0% |
| Net Margin | 25.6% | -18.3% |
| Revenue YoY | 11.1% | 34.3% |
| Net Profit YoY | 27.6% | 14.8% |
| 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.
| Q1 26 | — | $3.2B | ||
| Q4 25 | $6.0B | $3.7B | ||
| Q3 25 | $7.4B | $2.8B | ||
| Q2 25 | $6.4B | $2.7B | ||
| Q1 25 | $6.0B | $2.4B | ||
| Q4 24 | $5.4B | $2.8B | ||
| Q3 24 | $6.7B | $2.2B | ||
| Q2 24 | $6.0B | $2.0B |
| Q1 26 | — | $-581.0M | ||
| Q4 25 | $1.5B | $743.0M | ||
| Q3 25 | $2.4B | $264.0M | ||
| Q2 25 | $2.0B | $906.0M | ||
| Q1 25 | $833.0M | $-682.0M | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.9B | $828.0M | ||
| Q2 24 | $1.6B | $171.0M |
| Q1 26 | — | 0.0% | ||
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 26.4% | 17.2% | ||
| Q3 25 | 34.1% | 12.1% | ||
| Q2 25 | 29.9% | 10.9% | ||
| Q1 25 | 37.6% | 8.6% | ||
| Q4 24 | 17.4% | 16.5% | ||
| Q3 24 | 42.6% | 13.1% | ||
| Q2 24 | 27.8% | 11.8% |
| Q1 26 | — | -18.3% | ||
| Q4 25 | 25.6% | 20.2% | ||
| Q3 25 | 32.9% | 9.3% | ||
| Q2 25 | 31.7% | 33.8% | ||
| Q1 25 | 13.9% | -28.9% | ||
| Q4 24 | 22.3% | 46.0% | ||
| Q3 24 | 27.6% | 38.3% | ||
| Q2 24 | 27.0% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.74 | $0.58 | ||
| Q3 25 | $1.18 | $0.20 | ||
| Q2 25 | $0.98 | $0.69 | ||
| Q1 25 | $0.40 | $-0.53 | ||
| Q4 24 | $0.58 | $0.99 | ||
| Q3 24 | $0.90 | $0.64 | ||
| Q2 24 | $0.79 | $0.13 |
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 | $1.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $54.6B | $12.5M |
| Total Assets | $212.7B | $14.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8M | ||
| Q4 25 | $2.8B | $5.8B | ||
| Q3 25 | $2.4B | $6.3B | ||
| Q2 25 | $1.7B | $5.8B | ||
| Q1 25 | $2.4B | $5.5B | ||
| Q4 24 | $1.5B | $5.5B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | — | $12.5M | ||
| Q4 25 | $54.6B | $13.5B | ||
| Q3 25 | $54.2B | $12.5B | ||
| Q2 25 | $50.8B | $12.1B | ||
| Q1 25 | $49.8B | $11.1B | ||
| Q4 24 | $50.1B | $11.6B | ||
| Q3 24 | $50.1B | $10.1B | ||
| Q2 24 | $49.1B | $9.2B |
| Q1 26 | — | $14.1M | ||
| Q4 25 | $212.7B | $15.2B | ||
| Q3 25 | $204.4B | $15.0B | ||
| Q2 25 | $198.8B | $14.6B | ||
| Q1 25 | $194.3B | $13.4B | ||
| Q4 24 | $190.1B | $13.9B | ||
| Q3 24 | $186.0B | — | ||
| Q2 24 | $184.7B | — |
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 | $481.0M |
| Free Cash FlowOCF − Capex | — | $476.0K |
| FCF MarginFCF / Revenue | — | 0.0% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $481.0M | ||
| Q4 25 | $2.5B | $725.0M | ||
| Q3 25 | $4.0B | $513.0M | ||
| Q2 25 | $3.2B | $428.0M | ||
| Q1 25 | $2.8B | $367.0M | ||
| Q4 24 | $2.0B | $615.0M | ||
| Q3 24 | $4.3B | $423.0M | ||
| Q2 24 | $3.9B | $340.0M |
| Q1 26 | — | $476.0K | ||
| Q4 25 | — | $715.0M | ||
| Q3 25 | — | $507.0M | ||
| Q2 25 | — | $422.0M | ||
| Q1 25 | — | $363.0M | ||
| Q4 24 | — | $611.0M | ||
| Q3 24 | — | $421.0M | ||
| Q2 24 | — | $333.0M |
| Q1 26 | — | 0.0% | ||
| Q4 25 | — | 19.5% | ||
| Q3 25 | — | 17.8% | ||
| Q2 25 | — | 15.7% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 16.3% |
| Q1 26 | — | 0.2% | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 0.98× | ||
| Q3 25 | 1.65× | 1.94× | ||
| Q2 25 | 1.57× | 0.47× | ||
| Q1 25 | 3.32× | — | ||
| Q4 24 | 1.65× | 0.48× | ||
| Q3 24 | 2.31× | 0.51× | ||
| Q2 24 | 2.42× | 1.99× |
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% |
SHOP
Segment breakdown not available.
