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$135.06$28.5B
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NRG logoNRG Energy, Inc.(NRG)Earnings, Financials & Key Ratios

NRG•NYSE•Utilities
33.7× P/E·Price updated Jun 19, 2026
SectorUtilitiesIndustryIndependent PowerSub-IndustryIntegrated Retail and Generation
AboutNRG Energy, Inc., together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West. The company is involved in the producing, selling, and delivering electricity and related products and services to approximately 6 million residential, commercial, industrial, and wholesale customers. It generates electricity using natural gas, coal, oil, solar, nuclear, and battery storage. The company also provides system power, distributed generation, renewable products, backup generation, storage and distributed solar, demand response, and energy efficiency, and advisory services, as well as carbon management and specialty services; and on-site energy solutions. In addition, it trades in electric power, natural gas, and related commodities; environmental products; weather products; and financial products, including forwards, futures, options, and swaps. Further, the company procures fuels; provides transportation services; and directly sells energy, services, and products and services to retail customers under the NRG, Reliant, Direct Energy, Green Mountain Energy, Stream, and XOOM Energy. As of December 31, 2021, it owns and leases power generation portfolio with approximately 18,000 megawatts of capacity at 25 plants. NRG Energy, Inc. was founded in 1989 and is headquartered in Houston, Texas.Show more
  • Revenue$30.71B+9.2%
  • EBITDA$3.81B-0.6%
  • Net Income$864M-23.2%
  • Free Cash Flow$766M-58.2%
  • EBITDA Margin12.39%-8.9%
  • Net Margin2.81%-29.7%
  • ROE41.55%-0.6%
  • Interest Coverage2.40-25.7%
  • Debt/Equity9.97+124.9%

NRG Key Insights

NRG Energy, Inc. (NRG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 25.8%
  • ✓Share count reduced 6.1% through buybacks

✗Weaknesses

  • ✗High debt to equity ratio of 10.0x
  • ✗Expensive at 16.0x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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NRG Price & Volume

NRG Energy, Inc. (NRG) stock price & volume — 10-year historical chart

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NRG Growth Metrics

NRG Energy, Inc. (NRG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years9.56%
5 Years27.56%
3 Years-0.89%
TTM10.57%

Profit CAGR

10 Years-
5 Years11.12%
3 Years-10.89%
TTM-82.48%

EPS CAGR

10 Years-
5 Years14.14%
3 Years-8.12%
TTM-86.27%

Return on Capital

10 Years9.17%
5 Years12.86%
3 Years9.27%
Last Year10.19%

NRG Recent Earnings

NRG Energy, Inc. (NRG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$1.48-16.4%
$1.77
Rev
$10.3B+22.1%
$8.4B
Q1 2026
Feb 24, 2026
Metric
Actual
Est
EPS
$1.03+6.0%
$0.97
Rev
$7.8B+16.3%
$6.7B
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$2.75+28.5%
$2.14
Rev
$7.6B+2.3%
$7.5B
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$1.68-3.4%
$1.74
Rev
$6.7B+4.5%
$6.5B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$1.48vs $1.77-16.4%
$10.3Bvs $8.4B+22.1%
Q1 2026Feb 24, 2026
$1.03vs $0.97+6.0%
$7.8Bvs $6.7B+16.3%
Q4 2025Nov 6, 2025
$2.75vs $2.14+28.5%
$7.6Bvs $7.5B+2.3%
Q3 2025Aug 6, 2025
$1.68vs $1.74-3.4%
$6.7Bvs $6.5B+4.5%
Based on last 12 quarters of dataView full earnings history →

NRG Peer Comparison

NRG Energy, Inc. (NRG) competitors in Integrated Retail and Generation — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
VST logoVSTVistra Corp.Direct Competitor55.21B163.7574.10-12.41%13.82%43.14%3.99
CEG logoCEGConstellation Energy CorporationDirect Competitor98.99B274.0637.048.34%12.74%19.72%0.61
EXC logoEXCExelon CorporationDirect Competitor46.87B45.8116.725.34%11.21%9.76%1.76
AES logoAESThe AES CorporationDirect Competitor10.43B14.6211.60-0.37%10.72%13.55%2.54
DYN logoDYNDyne Therapeutics, Inc.Direct Competitor3.27B19.80-5.71-58.28%0.02
D logoDDominion Energy, Inc.Product Competitor60.12B68.4019.8214.16%13.48%7.08%1.46
DUK logoDUKDuke Energy CorporationProduct Competitor96.56B123.8619.636.19%15.44%9.6%1.71
SO logoSOThe Southern CompanyProduct Competitor104.94B93.0923.7510.59%14.46%11.3%1.69

Compare NRG vs Peers

NRG Energy, Inc. (NRG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VST

Most directly comparable listed peer for NRG.

Scale Benchmark

vs GE

Larger-name benchmark to compare NRG against a more recognizable public peer.

Peer Set

Compare Top 5

vs VST, CEG, EXC, AES

NRG Income Statement

NRG Energy, Inc. (NRG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue
9.07B9.48B9.82B9.09B26.99B31.54B28.82B28.13B30.71B32.38B
Revenue Growth %
1.78%4.45%3.62%-7.41%196.81%16.87%-8.62%-2.4%9.17%10.57%
Cost of Revenue
6.89B7.11B7.3B6.54B20.48B27.44B26.53B22.1B24B17.44B
Gross Profit
2.19B▲ 0%
2.37B▲ 8.3%
2.52B▲ 6.2%
2.55B▲ 1.4%
6.51B▲ 154.9%
4.1B▼ 37.0%
2.3B▼ 44.0%
6.03B▲ 162.5%
6.71B▲ 11.3%
4.69B▲ 0%
Gross Margin %
24.11%25.01%25.64%28.08%24.11%13%7.97%21.44%21.85%14.47%
Gross Profit Growth %
-2.28%8.32%6.24%1.39%154.88%-36.99%-43.98%162.52%11.28%-
Operating Expenses
2.93B1.39B1.23B1.45B3.17B2.08B1.91B3.61B4.86B4.56B
Other Operating Expenses
----------
EBITDA
-40M1.52B1.79B1.66B4.18B2.74B1.68B3.83B3.81B3.1B
EBITDA Margin %
-0.44%16.06%18.2%18.3%15.48%8.68%5.83%13.6%12.39%9.59%
EBITDA Growth %
-104.34%3905%17.41%-6.88%151.02%-34.45%-38.68%127.93%-0.57%-23.93%
Depreciation & Amortization
701M540M497M559M836M720M1.29B1.4B1.96B2.06B
D&A / Revenue %
7.73%5.7%5.06%6.15%3.1%2.28%4.49%4.99%6.37%6.36%
Operating Income (EBIT)
-741M▲ 0%
982M▲ 232.5%
1.29B▲ 31.4%
1.1B▼ 14.3%
3.34B▲ 202.4%
2.02B▼ 39.6%
384M▼ 81.0%
2.42B▲ 531.3%
1.85B▼ 23.7%
1.04B▲ 0%
Operating Margin %
-8.17%10.36%13.14%12.15%12.38%6.4%1.33%8.62%6.02%3.22%
Operating Income Growth %
-2345.45%232.52%31.36%-14.34%202.35%-39.6%-80.97%531.25%-23.68%-
Interest Expense
557M483M413M401M485M417M667M651M772M2M
Interest Coverage
-1.49x1.97x2.90x2.90x6.89x4.99x0.68x3.22x2.40x-
Interest / Revenue %
6.14%5.1%4.21%4.41%1.8%1.32%2.31%2.31%2.51%0.01%
Non-Operating Income
-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-3M
Pretax Income
-1.39B▲ 0%
467M▲ 133.6%
786M▲ 68.3%
761M▼ 3.2%
2.86B▲ 275.7%
1.66B▼ 41.8%
-213M▼ 112.8%
1.45B▲ 779.8%
1.08B▼ 25.6%
176M▲ 0%
Pretax Margin %
-15.31%4.93%8%8.37%10.59%5.27%-0.74%5.15%3.51%0.54%
Income Tax
-44M7M-3.33B251M672M442M-11M323M214M-63M
Effective Tax Rate %
3.17%1.5%-424.17%32.98%23.5%26.58%5.16%22.31%19.85%-35.8%
Net Income
-2.15B▲ 0%
268M▲ 112.4%
4.44B▲ 1556.0%
510M▼ 88.5%
2.19B▲ 328.8%
1.22B▼ 44.2%
-202M▼ 116.5%
1.13B▲ 656.9%
864M▼ 23.2%
239M▲ 0%
Net Margin %
-23.73%2.83%45.19%5.61%8.1%3.87%-0.7%4%2.81%0.74%
Net Income Growth %
-178.17%112.45%1555.97%-88.51%328.82%-44.17%-116.54%656.93%-23.2%-82.48%
EPS (Diluted)
-6.79▲ 0%
0.87▲ 112.8%
16.81▲ 1832.2%
2.07▼ 87.7%
8.93▲ 331.4%
5.17▼ 42.1%
-1.12▼ 121.7%
4.99▲ 545.5%
4.01▼ 19.6%
1.15▲ 0%
EPS Growth %
-205.86%112.81%1832.18%-87.69%331.4%-42.11%-121.66%545.54%-19.64%-86.27%
EPS (Basic)
-6.790.8816.942.088.935.17-1.125.144.09-
Diluted Shares Outstanding
317M308M264M246M245M236M228M212M199M208M

NRG Balance Sheet

NRG Energy, Inc. (NRG) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets
23.32B10.63B12.53B14.9B23.18B29.15B26.04B24.02B29.14B40.05B
Asset Growth %
-23.18%-54.42%17.91%18.92%55.56%25.73%-10.66%-7.74%21.31%76.12%
PP&E (Net)
5.97B3.05B3.06B2.85B1.96B1.92B1.94B2.17B3.76B13.69B
PP&E / Total Assets %
25.62%28.68%24.4%19.11%8.45%6.58%7.46%9.04%12.91%34.17%
Total Current Assets
4.44B3.6B3.09B6.03B10.84B16.23B9.73B8.96B13.15B9.92B
Cash & Equivalents
770M563M345M3.9B250M430M541M966M4.74B235M
Receivables
1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory
453M412M383M327M498M751M607M478M461M665M
Other Current Assets
1.97B1.3B1.09B635M5.76B9.89B5.04B4.03B1.69B2.16B
Long-Term Investments
874M1.07B1.18B1.24B1.17B971M42M45M1.58B4.87B
Goodwill
539M573M579M579M1.79B1.65B5.08B5.01B5.02B8.88B
Intangible Assets
1.75B591M789M668M2.51B2.13B3.93B2.91B2.31B2.46B
Other Assets
844M1.7B550M477M2.76B4.36B3.07B2.85B1.48B1.6B
Total Liabilities
21.27B11.84B10.85B13.22B19.58B25.32B23.13B21.54B27.46B35.18B
Total Debt
9.38B6.52B6.45B9.04B8.29B8.3B10.97B10.99B16.77B23.36B
Net Debt
15.41B5.96B6.1B5.13B8.04B7.87B10.43B10.03B12.03B23.12B
Long-Term Debt
9.18B6.45B5.8B8.69B7.97B7.98B10.13B9.81B16.54B19.78B
Short-Term Borrowings
204M72M88M1M4M63M620M996M66M3.41B
Capital Lease Obligations
00556M347M317M263M218M183M160M640M
Total Current Liabilities
3.32B2.4B2.36B1.92B7.92B12.98B9.5B8.81B8.03B11.85B
Accounts Payable
684M863M722M649M2.27B3.64B2.33B2.51B2.83B2.48B
Accrued Expenses
917M680M663M678M1.32B1.11B435M477M565M2.52B
Deferred Revenue
00000176M720M711M748M727M
Other Current Liabilities
1.49B783M813M518M4.23B7.9B5.31B4.05B3.82B5.22B
Deferred Taxes
1000K1000K1000K1000K1000K1000K1000K1000K1000K178M
Other Liabilities
8.75B2.93B2.19B2.32B3.39B4.04B2.44B1.93B1.82B2.38B
Total Equity
2.05B▲ 0%
-1.22B▼ 159.4%
1.68B▲ 238.1%
1.68B▲ 0.1%
3.6B▲ 114.3%
3.83B▲ 6.3%
2.91B▼ 24.1%
2.48B▼ 14.7%
1.68B▼ 32.2%
4.87B▲ 0%
Equity Growth %
-54.45%-159.38%238.11%0.12%114.29%6.33%-24.09%-14.73%-32.16%-15.32%
Shareholders Equity
-346M-1.23B1.66B1.68B3.6B3.83B2.91B2.48B1.68B4.87B
Minority Interest
2.39B19M20M0000000
Common Stock
4M4M4M4M4M4M3M2M2M2M
Additional Paid-in Capital
8.38B8.51B8.5B8.52B8.53B8.46B3.42B705M215M3.87B
Retained Earnings
-6.27B-6.02B-1.62B-1.4B464M1.41B820M1.53B1.98B1.97B
Accumulated OCI
-72M-94M-192M-206M-126M-177M-91M-117M-81M-84M
Return on Assets (ROA)
-8.02%1.58%38.33%3.72%11.49%4.67%-0.73%4.49%3.25%0.82%
Return on Equity (ROE)
-65.86%64.5%1917.06%30.38%82.84%32.88%-6%41.79%41.55%8.84%
Debt / Equity
4.59x-3.84x5.38x2.30x2.17x3.78x4.44x9.97x4.79x
Debt / Assets
40.24%61.36%51.45%60.66%35.75%28.48%42.13%45.75%57.54%58.32%
Net Debt / EBITDA
-3.91x3.41x3.09x1.92x2.88x6.21x2.62x3.16x7.45x
Book Value per Share
6.45-3.946.366.8314.6916.2212.7511.698.4523.43

NRG Cash Flow Statement

NRG Energy, Inc. (NRG) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
1.61B1.38B1.41B1.84B493M360M-221M2.31B1.91B889M
Operating CF Growth %
-15.62%-14.47%2.61%30.01%-73.16%-26.98%-161.39%1143.44%-17.04%1197.15%
Operating CF / Revenue %
17.74%14.53%14.39%20.2%1.83%1.14%-0.77%8.2%6.23%2.75%
Net Income
-1.55B460M4.44B510M2.19B1.22B-202M1.13B864M239M
Depreciation & Amortization
701M540M497M559M836M688M1.17B1.07B1.41B1.26B
Deferred Taxes
13M5M-3.35B228M604M000213M4M
Other Non-Cash Items
2.64B820M3.37B126M-40M1.13B-911M1.04B872M240M
Working Capital Changes
-432M-281M-3.56B392M-3.12B-2.71B-383M-1.04B-1.58B-997M
Capital Expenditures
-639M-388M556M-494M-3.04B-367M-910M-472M-1.15B-8.57B
CapEx / Revenue %
7.04%4.09%5.66%5.43%11.26%1.18%3.16%1.74%3.73%26.47%
CapEx / D&A
0.91x0.72x1.12x0.88x3.64x0.54x0.78x0.46x0.82x6.82x
CapEx Coverage (OCF/CapEx)
2.52x3.55x2.54x3.72x0.16x0.97x-0.24x4.71x1.67x0.10x
Cash from Investing
-639M-205M556M-494M-3.04B-332M-910M-24M-1.64B-8.58B
Acquisitions
416M1.05B939M-203M-2.73B47M-516M463M-596M-7.92B
Purchase of Investments
-512M-572M-507M-492M-751M-454M-367M000
Sale of Investments
501M513M381M441M710M448M355M000
Other Investing
-733M-772M-29M000240M3M105M592M
Cash from Financing
-1.14B-1.53B-2.15B2.2B-272M1.04B-400M-1.75B3.55B6.66B
Dividends Paid
-38M-37M-32M-295M-319M-332M-381M-405M-411M-425M
Dividend Payout Ratio %
-13.81%0.72%57.84%14.59%27.19%-36%47.57%-
Debt Issuance (Net)
-1000K-1000K-1000K1000K-1000K-1000K1000K-1000K1000K4M
Stock Issued
021M3M1M1M0635M00292M
Share Repurchases
-2M-1.25B-1.44B-229M-48M-606M-1.17B-935M-1.4B-473M
Other Financing
-374M393M11M-14M873M1.99B342M-315M-233M-979M
Net Change in Cash
-335M▲ 0%
-469M▼ 40.0%
-227M▲ 51.6%
3.56B▲ 1667.4%
-3.65B▼ 202.5%
205M▲ 105.6%
95M▼ 53.7%
409M▲ 330.5%
3.76B▲ 820.3%
-234M▲ 0%
Exchange Rate Effect
-168M-115M-48M11M-828M-866M1.63B-118M-57M797M
Cash at Beginning
1.38B1.05B580M353M3.91B265M470M565M974M5B
Cash at End
1.05B580M353M3.91B265M470M565M974M4.74B411M
Free Cash Flow
971M▲ 0%
989M▲ 1.9%
1.97B▲ 99.1%
1.34B▼ 31.8%
-2.55B▼ 289.6%
-7M▲ 99.7%
-1.13B▼ 16057.1%
1.83B▲ 262.2%
766M▼ 58.2%
-7.68B▲ 0%
FCF Growth %
-12.68%1.85%99.09%-31.79%-289.58%99.73%-16057.14%262.16%-58.23%-379.18%
FCF Margin %
10.7%10.43%20.05%14.77%-9.43%-0.02%-3.92%6.52%2.49%-23.73%
FCF / Net Income %
-45.1%369.03%44.37%263.33%-116.42%-0.57%559.9%163.02%88.66%-3214.64%

NRG Key Ratios

NRG Energy, Inc. (NRG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
-65.86%64.5%1917.06%30.38%82.84%32.88%-6%41.79%41.55%8.84%
EBITDA Margin
-0.44%16.06%18.2%18.3%15.48%8.68%5.83%13.6%12.39%9.59%
Net Debt / EBITDA
-3.91x3.41x3.09x1.92x2.88x6.21x2.62x3.16x7.45x
Interest Coverage
-1.49x1.97x2.90x2.90x6.89x4.99x0.68x3.22x2.40x-
CapEx / Revenue
7.04%4.09%5.66%5.43%11.26%1.18%3.16%1.74%3.73%26.47%
Dividend Payout Ratio
-13.81%0.72%57.84%14.59%27.19%-36%47.57%177.82%
Debt / Equity
4.59x-3.84x5.38x2.30x2.17x3.78x4.44x9.97x4.79x
EPS Growth
-205.86%112.81%1832.18%-87.69%331.4%-42.11%-121.66%545.54%-19.64%-86.27%
Related:NRG Dividend History·NRG Revenue History·NRG Price History·NRG P/E History·NRG Financial Ratios·NRG Institutional Holders

NRG SEC Filings & Documents

NRG Energy, Inc. (NRG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

May 1, 2026·SEC

Material company update

Apr 28, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

May 6, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 6, 2025·SEC

NRG Frequently Asked Questions

NRG Energy, Inc. (NRG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

NRG Energy, Inc. (NRG) reported $32.38B in revenue for fiscal year 2025. This represents a 27283% increase from $118.3M in 1997.

NRG Energy, Inc. (NRG) grew revenue by 9.2% over the past year. This is steady growth.

Yes, NRG Energy, Inc. (NRG) is profitable, generating $239.0M in net income for fiscal year 2025 (2.8% net margin).

Dividend & Returns

Yes, NRG Energy, Inc. (NRG) pays a dividend with a yield of 1.53%. This makes it attractive for income-focused investors.

NRG Energy, Inc. (NRG) has a return on equity (ROE) of 41.5%. This is excellent, indicating efficient use of shareholder capital.

NRG Energy, Inc. (NRG) had negative free cash flow of $7.68B in fiscal year 2025, likely due to heavy capital investments.

Industry Metrics

NRG Energy, Inc. (NRG) has a dividend payout ratio of 48%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in NRG back in 1997?

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How much would $100/month in NRG be worth today?

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