Figures as filed · retrieved from SEC EDGAR 2026-10-11
| Company | Fiscal year ended | Revenue | Net income | R&D expense | Source filing |
|---|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE) | 2025-12-31 | $25.80B | $6.83B | n/d | 10-K filed 2026-02-13 |
| THE AES CORPORATION (AES) | 2025-12-31 | $12.23B | $910M | n/d | 10-K filed 2026-03-02 |
| First Solar, Inc. (FSLR) | 2025-12-31 | $5.22B | $1.53B | $233M | 10-K filed 2026-02-24 |
| Sunrun Inc. (RUN) | 2025-12-31 | $2.96B | $450M | $36M | 10-K filed 2026-02-26 |
| BLOOM ENERGY CORPORATION (BE) | 2025-12-31 | $2.00B | n/d | $186M | 10-K filed 2026-02-09 |
| Enphase Energy, Inc. (ENPH) | 2025-12-31 | $1.47B | $172M | $189M | 10-K filed 2026-02-17 |
n/d = not separately disclosed in that company's filing. Net income and R&D are matched to the same fiscal year as the revenue figure in each row — figures from different fiscal years are never mixed within a row.
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What the filings show · Renewable energy
Together, the 6 companies in this table reported $49.68B of revenue in their latest fiscal years. NEXTERA ENERGY INC is the largest at $25.80B, or 51.9% of the table's combined revenue, and Enphase Energy, Inc. the smallest at $1.47B.
Net margin (net income as a share of revenue) runs from 29.3% at First Solar, Inc. down to 7.4% at THE AES CORPORATION. All 5 with a net income figure here reported a profit for the year.
Among the 4 companies that report research and development separately, R&D spending ranges from 12.8% of revenue at Enphase Energy, Inc. to 1.2% at Sunrun Inc..
These are arithmetic on the reported figures above, nothing more: fiscal years can end on different dates, and a margin or a share says nothing about where a company is heading.
What this table covers · Renewable energy
Companies
6
Fiscal years end
all 2025-12-31
Disclose R&D separately
4 of 6
XBRL revenue tags used
3
The most heterogeneous filers in the catalogue. Utilities, manufacturers and project developers all appear under the same sector label while reporting under different revenue tags — three distinct tags across six rows, more than any other sector here — and the mix of regulated and merchant revenue means one row can be a rate-regulated return and the next a hardware sale. Net income is also not disclosed for every row in a form that matches this table. Nothing in this table should be aggregated into a sector total without reading the filings behind it.
Every company in this table closes its financial year on the same date, so the rows describe the same twelve months and are directly comparable on timing. 4 of 6 disclose research and development as a separate line; for the rest it is folded into other operating costs, so an empty R&D cell means “not separately disclosed,” never “not spent.” Figures were retrieved from EDGAR on 2026-10-11.
Where every number comes from
Each row comes from that company's latest annual report (Form 10-K) on SEC EDGAR, and the “Source filing” column links the exact submission, so any cell can be checked in one click.
Company selection is a size-and-coverage editorial choice among U.S.-listed 10-K filers in the sector, not a ranking, rating, or recommendation of any company. How every table is built and refreshed is set out once, on the verified data tables methodology.
Primary source
U.S. Securities and Exchange Commission
EDGAR XBRL companyfacts APIThe machine-readable form of the figures each company filed. Per-row filing links above go straight to the submission on sec.gov.
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