NEXTERA ENERGY INC vs TC ENERGY CORPORATION, two Utilities stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
A utility-plus-renewables developer meets a pipeline here. NextEra Energy runs a regulated Florida utility alongside a large wind and solar business, earning both an approved return and market returns on generation; TC Energy tolls natural gas through Canadian pipelines for volume-based fees. NextEra earns more on equity, 12.28 percent to 9.54, and holds the wider net margin, 29.37 against 23.09, while TC Energy edges the free cash yield, 7.45 percent to 6.68. TC Energy pays more, 3.59 percent versus 2.57, and trades richer on earnings, 28.98 times against 22.4. NextEra towers in size, 184.7 billion to 72.5. Their book multiples sit close, 2.77 and 2.67.
Comparison updated 2026-07-11.
| Metric | NEE | TRP |
|---|---|---|
| Price | $87.96 | $67.32 |
| Market cap | $184.0B | $70.0B |
| Sector | Utilities | Utilities |
| Stage | Mature | Mature |
| Implied growth (priced in) | +12.7% | -2.2% |
| P/E | 22.3 | 28.0 |
| P/B | 2.76 | 2.58 |
| P/S | 6.60 | 6.25 |
| EV/EBITDA | 29.3 | 8.9 |
| Revenue growth | +10.9% | +3.5% |
| Operating margin | 33.0% | 52.7% |
| Net margin | 29.4% | 23.1% |
| Return on equity | 12.3% | 9.5% |
| Return on assets | 3.7% | 3.0% |
| Return on invested capital | 3.9% | 16.5% |
| FCF yield | 6.7% | 7.7% |
| Dividend yield | 2.6% | 3.7% |
| Debt / equity | 1.49 | 0.04 |
| Current ratio | 0.54 | 0.63 |
| Altman Z (solvency) | 1.04 | 0.94 |
| Piotroski F (quality) | 5 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.