NRG Energy, Inc. (NRG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NRG Revenue Growth
Revenue Breakdown (FY 2025)
NRG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NRG Revenue Analysis (2014–2025)
As of May 6, 2026, NRG Energy, Inc. (NRG) generated trailing twelve-month (TTM) revenue of $30.71 billion, reflecting strong growth of +13.7% year-over-year. The most recent quarter (Q4 2025) recorded $7.75 billion in revenue, up 1.5% sequentially.
Looking at the longer-term picture, NRG's 5-year compound annual growth rate (CAGR) stands at +27.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $31.54 billion in 2022.
Revenue diversification analysis shows NRG's business is primarily driven by East Segment (46%), Texas Segment (36%), and West, Services and Other Segment (10%).
When compared to Utilities sector peers including VST (-13.7% YoY), CEG (+8.3% YoY), and EXC (+6.1% YoY), NRG has outperformed the peer group in terms of revenue growth. Compare NRG vs VST →
NRG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NRGCurrent | $30.7B | +13.7% | +27.6% | 6.0% | |
 VST | $17.0B | -13.7% | +8.9% | 7.9% | |
 CEG | $25.5B | +8.3% | +7.7% | 12.1% | |
 EXC | $24.3B | +6.1% | -6.0% | 21.2% | |
 AES | $12.2B | +3.0% | +4.8% | 16.1% |
NRG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $30.71B | +9.2% | $6.71B | 21.8% | $1.85B | 6.0% |
| 2024 | $28.13B | -2.4% | $6.03B | 21.4% | $2.42B | 8.6% |
| 2023 | $28.82B | -8.6% | $2.30B | 8.0% | $384.0M | 1.3% |
| 2022 | $31.54B | +16.9% | $4.10B | 13.0% | $2.02B | 6.4% |
| 2021 | $26.99B | +196.8% | $6.51B | 24.1% | $3.34B | 12.4% |
| 2020 | $9.09B | -7.4% | $2.55B | 28.1% | $1.10B | 12.2% |
| 2019 | $9.82B | +3.6% | $2.52B | 25.6% | $1.29B | 13.1% |
| 2018 | $9.48B | +4.5% | $2.37B | 25.0% | $982.0M | 10.4% |
| 2017 | $9.07B | +1.8% | $2.19B | 24.1% | $-741,000,000 | -8.2% |
| 2016 | $8.91B | -27.7% | $2.24B | 25.1% | $33.0M | 0.4% |
Full NRG Stock Analysis
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Start ComparisonNRG — Frequently Asked Questions
Quick answers to the most common questions about buying NRG stock.
Is NRG's revenue growth accelerating or slowing?
NRG maintains +13.7% revenue growth, in line with its 5-year CAGR of +27.6%. TTM revenue stands at $30.7B. Growth rate remains consistent with historical average.
What is NRG's long-term revenue growth rate?
NRG Energy, Inc.'s 5-year revenue CAGR of +27.6% reflects the sustained expansion pattern. Current YoY growth of +13.7% is near this long-term average.
How is NRG's revenue distributed by segment?
NRG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.