NRG Energy, Inc. (NRG) 10-Year Financial Performance & Capital Metrics

NRG • • Utilities

UtilitiesIndependent PowerIntegrated Power ProducersMajor US Integrated Utilities

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 $28.13B -2.4%
EBITDA $3.83B +127.9%
Net Income $1.13B +656.9%
Free Cash Flow $1.83B +262.2%
EBITDA Margin 13.6% +133.5%
Net Margin 4% +670.7%
ROE 41.79% +796.6%
Interest Coverage 3.72 +546.8%
Debt/Equity 4.44 +17.5%
Net Debt/EBITDA 2.62 -57.8%
CapEx / Revenue 1.74% -44.8%
CapEx Coverage 4.71 +2037.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 22.9%
✓Strong Piotroski F-Score: 7/9
✓Strong interest coverage of 3.7x
✓Share count reduced 7.0% through buybacks

✗Weaknesses

✗High debt to equity ratio of 4.4x
✗Profits declining 24.0% over 5 years
✗Expensive at 13.6x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.89%

5Y23.42%

3Y1.39%

TTM5.91%

Profit (Net Income) CAGR

10Y23.71%

5Y-24%

3Y-19.88%

TTM49.48%

EPS CAGR

10Y36.03%

5Y-21.57%

3Y-17.63%

TTM67.42%

ROCE

10Y Avg6.89%

5Y Avg12.73%

3Y Avg10.15%

Latest15.27%

Peer Comparison

Major US Integrated Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NRGNRG Energy, Inc.	30.37B	158.50	31.76	-2.4%	4.84%	73.15%	6.04%	4.44
VSTVistra Corp.	61.05B	180.18	25.74	24.67%	5.3%	22.06%		3.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	12.33B	8.91B	9.07B	9.48B	9.82B	9.09B	26.99B	31.54B	28.82B	28.13B
Revenue Growth %	-0.22%	-0.28%	0.02%	0.04%	0.04%	-0.07%	1.97%	0.17%	-0.09%	-0.02%
Cost of Revenue	9B	6.68B	6.89B	7.11B	7.3B	6.54B	20.48B	27.44B	26.53B	22.1B
Gross Profit+	3.33B	2.24B	2.19B	2.37B	2.52B	2.55B	6.51B	4.1B	2.3B	6.03B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.18%	-0.33%	-0.02%	0.08%	0.06%	0.01%	1.55%	-0.37%	-0.44%	1.63%
Operating Expenses+	7.38B	2.21B	2.93B	1.39B	1.23B	1.45B	3.17B	2.08B	1.91B	3.61B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	-2.5B	922M	-40M	1.52B	1.79B	1.66B	4.18B	2.74B	1.68B	3.83B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-1.86%	1.37%	-1.04%	39.05%	0.17%	-0.07%	1.51%	-0.34%	-0.39%	1.28%
Depreciation & Amortization+	1.55B	889M	701M	540M	497M	559M	836M	720M	1.29B	1.4B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	-4.05B	33M	-741M	982M	1.29B	1.1B	3.34B	2.02B	384M	2.42B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-4.19%	1.01%	-23.45%	2.33%	0.31%	-0.14%	2.02%	-0.4%	-0.81%	5.31%
Interest Expense+	937M	583M	557M	483M	413M	401M	485M	417M	667M	651M
Interest Coverage	-4.32x	0.06x	-1.33x	2.03x	3.12x	2.76x	6.89x	4.84x	0.58x	3.72x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	-4.99B	-931M	-1.39B	467M	786M	761M	2.86B	1.66B	-213M	1.45B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.34B	25M	-44M	7M	-3.33B	251M	672M	442M	-11M	323M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-6.38B	-774M	-2.15B	268M	4.44B	510M	2.19B	1.22B	-202M	1.13B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-48.63%	0.88%	-1.78%	1.12%	15.56%	-0.89%	3.29%	-0.44%	-1.17%	6.57%
EPS (Diluted)+	-19.46	-2.22	-6.79	0.87	16.81	2.07	8.93	5.17	-1.12	4.99
EPS Growth %	-85.61%	0.89%	-2.06%	1.13%	18.32%	-0.88%	3.31%	-0.42%	-1.22%	5.46%
EPS (Basic)	-19.46	-2.22	-6.79	0.88	16.94	2.08	8.93	5.17	-1.12	5.14
Diluted Shares Outstanding	329M	316M	317M	308M	264M	246M	245M	236M	228M	212M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	32.88B	30.36B	23.32B	10.63B	12.53B	14.9B	23.18B	29.15B	26.04B	24.02B
Asset Growth %	-0.19%	-0.08%	-0.23%	-0.54%	0.18%	0.19%	0.56%	0.26%	-0.11%	-0.08%
PP&E (Net)+	18.73B	15.37B	5.97B	3.05B	3.06B	2.85B	1.96B	1.92B	1.94B	2.17B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	7.44B	6.73B	4.44B	3.6B	3.09B	6.03B	10.84B	16.23B	9.73B	8.96B
Cash & Equivalents	1.52B	938M	770M	563M	345M	3.9B	250M	430M	541M	966M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	1.25B	721M	453M	412M	383M	327M	498M	751M	607M	478M
Other Current Assets	3.01B	3.59B	1.97B	1.3B	1.09B	635M	5.76B	9.89B	5.04B	4.03B
Long-Term Investments	1.61B	1.73B	874M	1.07B	1.18B	1.24B	1.17B	971M	42M	45M
Goodwill	999M	662M	539M	573M	579M	579M	1.79B	1.65B	5.08B	5.01B
Intangible Assets	2.31B	2.04B	1.75B	591M	789M	668M	2.51B	2.13B	3.93B	2.91B
Other Assets	1.62B	1.38B	844M	1.7B	550M	477M	2.76B	4.36B	3.07B	2.85B
Total Liabilities	27.12B	25.86B	21.27B	11.84B	10.85B	13.22B	19.58B	25.32B	23.13B	21.54B
Total Debt+	19.46B	16.47B	9.38B	6.52B	6.45B	9.04B	8.29B	8.3B	10.97B	10.99B
Net Debt	17.95B	17.25B	15.41B	5.96B	6.1B	5.13B	8.04B	7.87B	10.43B	10.03B
Long-Term Debt	18.98B	15.96B	9.18B	6.45B	5.8B	8.69B	7.97B	7.98B	10.13B	9.81B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	1M	556M	347M	317M	263M	218M	183M
Total Current Liabilities+	4.38B	4.38B	3.32B	2.4B	2.36B	1.92B	7.92B	12.98B	9.5B	8.81B
Accounts Payable	869M	782M	684M	863M	722M	649M	2.27B	3.64B	2.33B	2.51B
Accrued Expenses	810M	990M	917M	680M	663M	678M	1.32B	1.11B	435M	477M
Deferred Revenue	0	0	0	0	0	0	0	176M	720M	711M
Other Current Liabilities	2.21B	2.38B	1.49B	783M	813M	518M	4.23B	7.9B	5.31B	4.05B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	3.74B	5.51B	8.75B	2.93B	2.19B	2.32B	3.39B	4.04B	2.44B	1.93B
Total Equity+	5.76B	4.49B	2.05B	-1.22B	1.68B	1.68B	3.6B	3.83B	2.91B	2.48B
Equity Growth %	-0.52%	-0.22%	-0.54%	-1.59%	2.38%	0%	1.14%	0.06%	-0.24%	-0.15%
Shareholders Equity	3.01B	2.04B	-346M	-1.23B	1.66B	1.68B	3.6B	3.83B	2.91B	2.48B
Minority Interest	2.76B	2.45B	2.39B	19M	20M	0	0	0	0	0
Common Stock	4M	4M	4M	4M	4M	4M	4M	4M	3M	2M
Additional Paid-in Capital	8.3B	8.36B	8.38B	8.51B	8.5B	8.52B	8.53B	8.46B	3.42B	705M
Retained Earnings	-3.01B	-3.79B	-6.27B	-6.02B	-1.62B	-1.4B	464M	1.41B	820M	1.53B
Accumulated OCI	-173M	-135M	-72M	-94M	-192M	-206M	-126M	-177M	-91M	-117M
Return on Assets (ROA)	-0.17%	-0.02%	-0.08%	0.02%	0.38%	0.04%	0.11%	0.05%	-0.01%	0.04%
Return on Equity (ROE)	-0.72%	-0.15%	-0.66%	0.65%	19.17%	0.3%	0.83%	0.33%	-0.06%	0.42%
Debt / Equity	3.38x	3.67x	4.59x	-	3.84x	5.38x	2.30x	2.17x	3.78x	4.44x
Debt / Assets	0.59%	0.54%	0.4%	0.61%	0.51%	0.61%	0.36%	0.28%	0.42%	0.46%
Net Debt / EBITDA	-	18.71x	-	3.91x	3.41x	3.09x	1.92x	2.88x	6.21x	2.62x
Book Value per Share	17.52	14.22	6.45	-3.94	6.36	6.83	14.69	16.22	12.75	11.69

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.35B	1.91B	1.61B	1.38B	1.41B	1.84B	493M	360M	-221M	2.31B
Operating CF Growth %	-0.11%	0.41%	-0.16%	-0.14%	0.03%	0.3%	-0.73%	-0.27%	-1.61%	11.43%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-6.44B	-891M	-1.55B	460M	4.44B	510M	2.19B	1.22B	-202M	1.13B
Depreciation & Amortization	1.55B	889M	701M	540M	497M	559M	836M	688M	1.17B	1.07B
Deferred Taxes	1.33B	-12M	13M	5M	-3.35B	228M	604M	0	0	0
Other Non-Cash Items	3.76B	1.66B	2.64B	820M	3.37B	126M	-40M	1.13B	-911M	1.04B
Working Capital Changes	1.01B	317M	-432M	-281M	-3.56B	392M	-3.12B	-2.71B	-383M	-1.04B
Capital Expenditures+	-1.28B	-976M	-639M	-388M	556M	-494M	-3.04B	-367M	-910M	-472M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-1.53B	-757M	-639M	-205M	556M	-494M	-3.04B	-332M	-910M	-24M
Acquisitions	-4M	-136M	416M	1.05B	939M	-203M	-2.73B	47M	-516M	463M
Purchase of Investments	-629M	-551M	-512M	-572M	-507M	-492M	-751M	-454M	-367M	0
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Investing	152M	385M	-733M	-772M	-29M	0	0	0	240M	3M
Cash from Financing+	-432M	-768M	-1.14B	-1.53B	-2.15B	2.2B	-272M	1.04B	-400M	-1.75B
Dividends Paid	-201M	-76M	-38M	-37M	-32M	-295M	-319M	-332M	-381M	-405M
Dividend Payout Ratio %	-	-	-	0.14%	0.01%	0.58%	0.15%	0.27%	-	0.36%
Debt Issuance (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K
Stock Issued	1M	1M	0	21M	3M	1M	1M	0	635M	0
Share Repurchases	-437M	-226M	-2M	-1.25B	-1.44B	-229M	-48M	-606M	-1.17B	-935M
Other Financing	821M	-144M	-374M	393M	11M	-14M	873M	1.99B	342M	-315M
Net Change in Cash+	-641M	-548M	-335M	-469M	-227M	3.56B	-3.65B	205M	95M	409M
Exchange Rate Effect	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K
Cash at Beginning	2.57B	1.93B	1.38B	1.05B	580M	353M	3.91B	265M	470M	565M
Cash at End	1.93B	1.38B	1.05B	580M	353M	3.91B	265M	470M	565M	974M
Free Cash Flow+	26M	1.11B	971M	989M	1.97B	1.34B	-2.55B	-7M	-1.13B	1.83B
FCF Growth %	1.02%	41.77%	-0.13%	0.02%	0.99%	-0.32%	-2.9%	1%	-160.57%	2.62%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-71.91%	-15.09%	-65.86%	64.5%	1917.06%	30.38%	82.84%	32.88%	-6%	41.79%
EBITDA Margin	-20.31%	10.34%	-0.44%	16.06%	18.2%	18.3%	15.48%	8.68%	5.83%	13.6%
Net Debt / EBITDA	-	18.71x	-	3.91x	3.41x	3.09x	1.92x	2.88x	6.21x	2.62x
Interest Coverage	-4.32x	0.06x	-1.33x	2.03x	3.12x	2.76x	6.89x	4.84x	0.58x	3.72x
CapEx / Revenue	8.35%	6.11%	7.04%	4.09%	5.66%	5.43%	11.26%	1.18%	3.16%	1.74%
Dividend Payout Ratio	-	-	-	13.81%	0.72%	57.84%	14.59%	27.19%	-	36%
Debt / Equity	3.38x	3.67x	4.59x	-	3.84x	5.38x	2.30x	2.17x	3.78x	4.44x
EPS Growth	-8560.87%	88.59%	-205.86%	112.81%	1832.18%	-87.69%	331.4%	-42.11%	-121.66%	545.54%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
East	-	-	-	-	-	2.35B	13.03B	16.76B	12.55B	11.71B
East Growth	-	-	-	-	-	-	453.65%	28.62%	-25.15%	-6.69%
Texas	-	-	-	-	-	6.31B	10.29B	10.06B	10.48B	10.65B
Texas Growth	-	-	-	-	-	-	63.15%	-2.27%	4.15%	1.69%
West, Services and Other	-	-	-	-	-	434M	3.75B	4.76B	4.28B	3.89B
West, Services and Other Growth	-	-	-	-	-	-	763.13%	27.02%	-10.03%	-9.23%
Vivint Smart Home	-	-	-	-	-	-	-	-	1.55B	1.93B
Vivint Smart Home Growth	-	-	-	-	-	-	-	-	-	24.73%
Capacity Revenue	-	-	-	670M	1M	-	-	-	-	-
Capacity Revenue Growth	-	-	-	-	-99.85%	-	-	-	-	-
Products And Services, Other	-	-	-	-	-4M	-	-	-	-	-
Products And Services, Other Growth	-	-	-	-	-	-	-	-	-	-
Products And Services, Total Retail	-	-	-	-	-4M	-	-	-	-	-
Products And Services, Total Retail Growth	-	-	-	-	-	-	-	-	-	-
Energy Revenue	-	-	-	1.55B	-1.5B	-	-	-	-	-
Energy Revenue Growth	-	-	-	-	-196.77%	-	-	-	-	-
Retail	-	-	6.38B	-	-	-	-	-	-	-
Retail Growth	-	-	-	-	-	-	-	-	-	-
NRG Yield	-	-	1.01B	-	-	-	-	-	-	-
NRG Yield Growth	-	-	-	-	-	-	-	-	-	-
Renewables	-	-	424M	-	-	-	-	-	-	-
Renewables Growth	-	-	-	-	-	-	-	-	-	-
Intersegment Eliminations	-1.22B	-1.12B	-	-	-	-	-	-	-	-
Intersegment Eliminations Growth	-	8.29%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

NRG Energy, Inc. (NRG) has a price-to-earnings (P/E) ratio of 31.8x. This suggests investors expect higher future growth.

Growth & Financials

NRG Energy, Inc. (NRG) reported $29.78B in revenue for fiscal year 2024. This represents a 228% increase from $9.08B in 2011.

NRG Energy, Inc. (NRG) saw revenue decline by 2.4% over the past year.

Yes, NRG Energy, Inc. (NRG) is profitable, generating $1.44B in net income for fiscal year 2024 (4.0% net margin).

Dividend & Returns

Yes, NRG Energy, Inc. (NRG) pays a dividend with a yield of 1.21%. This makes it attractive for income-focused investors.

NRG Energy, Inc. (NRG) has a return on equity (ROE) of 41.8%. This is excellent, indicating efficient use of shareholder capital.

NRG Energy, Inc. (NRG) generated $1.14B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

NRG Energy, Inc. (NRG) has a dividend payout ratio of 36%. This suggests the dividend is well-covered and sustainable.

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