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Side-by-side financial comparison of NextEra Energy (NEE) and Smurfit Westrock (SW). Click either name above to swap in a different company.
Smurfit Westrock is the larger business by last-quarter revenue ($7.7B vs $6.0B, roughly 1.3× NextEra Energy). NextEra Energy runs the higher net margin — 25.6% vs 0.8%, a 24.8% gap on every dollar of revenue. On growth, NextEra Energy posted the faster year-over-year revenue change (11.1% vs 0.7%). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (61.2% 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.
Smurfit Westrock plc is an Irish company based in Dublin, Ireland that manufactures corrugated and paper-based packaging. Its stock is listed on the New York Stock Exchange and the London Stock Exchange.
NEE vs SW — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $7.7B |
| Net Profit | $1.5B | $63.0M |
| Gross Margin | — | 16.4% |
| Operating Margin | 26.4% | 3.3% |
| Net Margin | 25.6% | 0.8% |
| Revenue YoY | 11.1% | 0.7% |
| Net Profit YoY | 27.6% | 0.0% |
| EPS (diluted) | $0.74 | $0.12 |
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 | — | $7.7B | ||
| Q4 25 | $6.0B | $7.6B | ||
| Q3 25 | $7.4B | $8.0B | ||
| Q2 25 | $6.4B | $7.9B | ||
| Q1 25 | $6.0B | $7.7B | ||
| Q4 24 | $5.4B | $7.5B | ||
| Q3 24 | $6.7B | $7.7B | ||
| Q2 24 | $6.0B | $3.0B |
| Q1 26 | — | $63.0M | ||
| Q4 25 | $1.5B | $97.0M | ||
| Q3 25 | $2.4B | $246.0M | ||
| Q2 25 | $2.0B | $-28.0M | ||
| Q1 25 | $833.0M | $384.0M | ||
| Q4 24 | $1.2B | $146.0M | ||
| Q3 24 | $1.9B | $-150.0M | ||
| Q2 24 | $1.6B | $132.0M |
| Q1 26 | — | 16.4% | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% |
| Q1 26 | — | 3.3% | ||
| Q4 25 | 26.4% | 5.1% | ||
| Q3 25 | 34.1% | 6.6% | ||
| Q2 25 | 29.9% | 3.2% | ||
| Q1 25 | 37.6% | 7.2% | ||
| Q4 24 | 17.4% | 5.3% | ||
| Q3 24 | 42.6% | 0.7% | ||
| Q2 24 | 27.8% | 8.2% |
| Q1 26 | — | 0.8% | ||
| Q4 25 | 25.6% | 1.3% | ||
| Q3 25 | 32.9% | 3.1% | ||
| Q2 25 | 31.7% | -0.4% | ||
| Q1 25 | 13.9% | 5.0% | ||
| Q4 24 | 22.3% | 1.9% | ||
| Q3 24 | 27.6% | -2.0% | ||
| Q2 24 | 27.0% | 4.4% |
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.74 | $0.18 | ||
| Q3 25 | $1.18 | $0.47 | ||
| Q2 25 | $0.98 | $-0.05 | ||
| Q1 25 | $0.40 | $0.73 | ||
| Q4 24 | $0.58 | $-0.12 | ||
| Q3 24 | $0.90 | $-0.30 | ||
| Q2 24 | $0.79 | $0.51 |
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 | — | $980.0M |
| Stockholders' EquityBook value | $54.6B | $18.1B |
| Total Assets | $212.7B | $45.2B |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $892.0M | ||
| Q3 25 | $2.4B | $851.0M | ||
| Q2 25 | $1.7B | $778.0M | ||
| Q1 25 | $2.4B | $797.0M | ||
| Q4 24 | $1.5B | $855.0M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $1.6B | $26.8K |
| Q1 26 | — | $980.0M | ||
| Q4 25 | — | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
| Q1 26 | — | $18.1B | ||
| Q4 25 | $54.6B | $18.3B | ||
| Q3 25 | $54.2B | $18.4B | ||
| Q2 25 | $50.8B | $18.3B | ||
| Q1 25 | $49.8B | $17.9B | ||
| Q4 24 | $50.1B | $17.4B | ||
| Q3 24 | $50.1B | $18.0B | ||
| Q2 24 | $49.1B | $14.5K |
| Q1 26 | — | $45.2B | ||
| Q4 25 | $212.7B | $45.2B | ||
| Q3 25 | $204.4B | $45.6B | ||
| Q2 25 | $198.8B | $45.7B | ||
| Q1 25 | $194.3B | $44.6B | ||
| Q4 24 | $190.1B | $43.8B | ||
| Q3 24 | $186.0B | $45.0B | ||
| Q2 24 | $184.7B | $26.8K |
| Q1 26 | — | 0.05× | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | — |
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 | $204.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.63× | 3.24× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $204.0M | ||
| Q4 25 | $2.5B | $1.2B | ||
| Q3 25 | $4.0B | $1.1B | ||
| Q2 25 | $3.2B | $829.0M | ||
| Q1 25 | $2.8B | $235.0M | ||
| Q4 24 | $2.0B | $781.0M | ||
| Q3 24 | $4.3B | $320.0M | ||
| Q2 24 | $3.9B | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $612.0M | ||
| Q3 25 | — | $523.0M | ||
| Q2 25 | — | $307.0M | ||
| Q1 25 | — | $-242.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | — | $-192.0M | ||
| Q2 24 | — | $163.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | -2.5% | ||
| Q2 24 | — | 5.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 6.0% |
| Q1 26 | — | 3.24× | ||
| Q4 25 | 1.63× | 12.32× | ||
| Q3 25 | 1.65× | 4.61× | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 3.32× | 0.61× | ||
| Q4 24 | 1.65× | 5.35× | ||
| Q3 24 | 2.31× | — | ||
| Q2 24 | 2.42× | 2.58× |
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% |
SW
Segment breakdown not available.
