NRG · Nrg Energy, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.26B | - | $7.63B | $6.74B | $8.59B | - | $7.22B | $6.66B | $7.43B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $593.00M | - | $612.00M | $724.00M | $549.00M | - | $645.00M | $592.00M | $591.00M | - |
| Total Operating Expenses | $9.93B | - | $7.22B | $6.74B | $7.44B | - | $8.24B | $5.25B | $6.55B | - |
| D&A | $432.00M | - | $360.00M | $344.00M | $326.00M | - | $352.00M | $285.00M | $268.00M | - |
| Operating Income | $328.00M | - | $414.00M | $0 | $1.13B | - | ($812.00M) | $1.41B | $872.00M | - |
| Interest Expense | $285.00M | - | $187.00M | $148.00M | $152.00M | - | $173.00M | $151.00M | $152.00M | - |
| Income Tax | ($42.00M) | - | $86.00M | ($49.00M) | $235.00M | - | ($247.00M) | $314.00M | $184.00M | - |
| Net Income | $125.00M | - | $152.00M | ($104.00M) | $750.00M | - | ($767.00M) | $738.00M | $511.00M | - |
| EPS - Basic | $0.52 | - | $0.70 | ($0.62) | $3.70 | - | ($3.79) | $3.47 | $2.36 | - |
| EPS - Diluted | $0.52 | - | $0.69 | ($0.62) | $3.61 | - | ($3.79) | $3.37 | $2.31 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $178.00M | $4.71B | $732.00M | $180.00M | $693.00M | $966.00M | $1.10B | $376.00M | $278.00M | $541.00M |
| Accounts Receivable | $3.78B | $4.07B | $3.33B | $3.42B | $3.51B | $3.49B | $3.26B | $3.40B | $3.33B | $3.54B |
| Inventory | $665.00M | $461.00M | $452.00M | $451.00M | $373.00M | $478.00M | $540.00M | $623.00M | $581.00M | $607.00M |
| Accounts Payable | $2.48B | $2.83B | $2.32B | $2.54B | $2.36B | $2.51B | $1.99B | $2.11B | $2.03B | $2.33B |
| Current Assets | $9.92B | $13.15B | $8.12B | $8.20B | $9.88B | $8.96B | $8.61B | $9.81B | $9.27B | $9.73B |
| Total Assets | $40.05B | $29.14B | $23.97B | $24.09B | $24.99B | $24.02B | $23.72B | $25.76B | $25.40B | $26.04B |
| Current Liabilities | $11.85B | $8.03B | $7.71B | $8.78B | $9.30B | $8.81B | $7.35B | $8.30B | $9.18B | $9.50B |
| Long-term Debt | $19.78B | - | $11.15B | $9.81B | $9.81B | $10.89B | $10.42B | $10.43B | $9.56B | $10.94B |
| Total Liabilities | $35.18B | $27.46B | $22.00B | $21.80B | $22.21B | $21.54B | $21.20B | $22.14B | $22.10B | $23.13B |
| Stockholders' Equity | $4.87B | $1.68B | $1.97B | $2.29B | $2.78B | $2.48B | $2.52B | $3.62B | $3.30B | $2.91B |
| Retained Earnings | $1.97B | $1.98B | $2.00B | $1.97B | $2.16B | $1.53B | $977.00M | $1.86B | $1.21B | $820.00M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($169.00M) | - | - | - | $855.00M | - | - | - | $267.00M | - |
| Investing Cash Flow | ($7.07B) | - | - | - | ($134.00M) | - | - | - | ($92.00M) | - |
| Financing Cash Flow | $2.65B | - | - | - | ($458.00M) | - | - | - | ($288.00M) | - |
| CapEx | $317.00M | - | - | - | $217.00M | - | - | - | $69.00M | - |
| Free Cash Flow | ($486.00M) | - | - | - | $638.00M | - | - | - | $198.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 3.2% | - | 5.4% | 0.0% | 13.2% | - | -11.2% | 21.2% | 11.7% | - |
| EBITDA margin | 7.4% | - | 10.1% | 5.1% | 17.0% | - | -6.4% | 25.5% | 15.3% | - |
| Net margin | 1.2% | - | 2.0% | -1.5% | 8.7% | - | -10.6% | 11.1% | 6.9% | - |
| Free cash flow margin | -4.7% | - | - | - | 7.4% | - | - | - | 2.7% | - |
| FCF / Net income | -3.89 | - | - | - | 0.85 | - | - | - | 0.39 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 5.8% | - | 8.0% | 10.7% | 6.4% | - | 8.9% | 8.9% | 8.0% | - |
| Effective tax rate | -50.6% | - | 36.1% | - | 23.9% | - | - | 29.8% | 26.5% | - |
| Return on assets | 0.3% | - | 0.6% | -0.4% | 3.0% | - | -3.2% | 2.9% | 2.0% | - |
| Return on equity | 2.6% | - | 7.7% | -4.5% | 27.0% | - | -30.4% | 20.4% | 15.5% | - |
| Return on invested capital | 1.3% | - | 2.0% | 0.0% | 6.9% | - | -5.0% | 7.0% | 5.0% | - |
| Liquidity | ||||||||||
| Current ratio | 0.84 | 1.64 | 1.05 | 0.93 | 1.06 | 1.02 | 1.17 | 1.18 | 1.01 | 1.02 |
| Quick ratio | 0.78 | 1.58 | 0.99 | 0.88 | 1.02 | 0.96 | 1.10 | 1.11 | 0.95 | 0.96 |
| Cash ratio | 0.02 | 0.59 | 0.09 | 0.02 | 0.07 | 0.11 | 0.15 | 0.05 | 0.03 | 0.06 |
| Leverage | ||||||||||
| Debt / Equity | 4.06 | - | 5.66 | 4.29 | 3.53 | 4.40 | 4.14 | 2.88 | 2.90 | 3.76 |
| Debt / Assets | 0.49 | - | 0.47 | 0.41 | 0.39 | 0.45 | 0.44 | 0.40 | 0.38 | 0.42 |
| Debt / EBITDA | 26.02 | - | 14.41 | 28.52 | 6.72 | - | - | 6.15 | 8.39 | - |
| Interest coverage | 1.2x | - | 2.2x | 0.0x | 7.5x | - | -4.7x | 9.3x | 5.7x | - |
| Equity multiplier | 8.22 | 17.33 | 12.17 | 10.53 | 9.00 | 9.69 | 9.41 | 7.11 | 7.70 | 8.96 |
| Liabilities / Assets | 0.88 | 0.94 | 0.92 | 0.91 | 0.89 | 0.90 | 0.89 | 0.86 | 0.87 | 0.89 |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | - | 0.32 | 0.28 | 0.34 | - | 0.30 | 0.26 | 0.29 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 134d | - | 159d | 185d | 149d | - | 165d | 186d | 163d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 281.0x | - | 234.7x | - | 26.4x | - | - | 23.1x | 29.3x | - |
| P / B | 6.2x | - | 16.0x | 13.8x | 7.0x | - | 7.5x | 4.6x | 4.4x | - |
| P / S | 3.0x | - | 4.1x | 4.7x | 2.3x | - | 2.6x | 2.5x | 1.9x | - |
| EV / EBITDA | 65.8x | - | 54.3x | 119.5x | 19.5x | - | - | 15.8x | 20.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 19.5% | - | 5.7% | 1.2% | 15.6% | - | -9.1% | 4.9% | -3.8% | - |
| Revenue CAGR (3y) | 9.9% | - | -3.6% | -3.4% | 2.4% | - | 3.0% | 8.3% | -2.8% | - |
| Revenue CAGR (5y) | 4.9% | - | 22.1% | 24.7% | 33.6% | - | 19.2% | 22.0% | 28.0% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -71.1% | - | - | - | 30.0% | - | - | 166.0% | - | - |
| Net income growth (YoY) | -83.3% | - | - | - | 46.8% | - | - | 139.6% | - | - |
| EPS growth (YoY) | -85.6% | - | - | - | 56.3% | - | - | 169.6% | - | - |
| EPS CAGR (3y) | - | - | 33.5% | - | -20.4% | - | - | -8.5% | - | - |
| EPS CAGR (5y) | - | - | -7.5% | - | 49.1% | - | - | 35.1% | 6.1% | - |
| FCF growth (YoY) | - | - | - | - | 222.2% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | 35.1% | - | - | - | - | - |
| Book value growth (YoY) | 75.5% | -32.2% | -21.8% | -36.8% | -15.8% | -14.7% | -28.4% | 8.7% | 7.0% | -24.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$33.93B totalEast Segment$14.26B · 42.0%
Texas Segment$11.14B · 32.8%
West And Other Segment$3.20B · 9.4%
West Services And Other Segment$3.18B · 9.4%
Vivint Smart Home Inc$2.14B · 6.3%
Product / service
$29.72B totalOperating Revenues$11.14B · 37.5%
Products And Services Total Retail$10.90B · 36.7%
Products And Services Retail Revenue$7.17B · 24.1%
Capacity Revenue$267.00M · 0.9%
Products And Services Other$194.00M · 0.7%
Energy Revenue$49.00M · 0.2%
Peer comparison
Same SIC group: Electric Services
Comparing NRG ENERGY against the 5 most active filers in the same SIC group.
Dividends
$1.83/share trailing 12 months · +7.9% YoY
| Ex-date | Per share |
|---|---|
| May 1, 2026 | $0.4750 |
| Feb 2, 2026 | $0.4750 |
| Nov 3, 2025 | $0.4400 |
| Aug 1, 2025 | $0.4400 |
| May 1, 2025 | $0.4400 |
| Feb 3, 2025 | $0.4400 |
| Nov 1, 2024 | $0.4080 |
| Aug 1, 2024 | $0.4080 |
| Apr 30, 2024 | $0.4080 |
| Jan 31, 2024 | $0.4080 |
| Oct 31, 2023 | $0.3780 |
| Jul 31, 2023 | $0.3780 |
| Apr 28, 2023 | $0.3780 |
| Jan 31, 2023 | $0.3780 |
| Oct 31, 2022 | $0.3500 |
| Jul 29, 2022 | $0.3500 |
| Apr 29, 2022 | $0.3500 |
| Jan 31, 2022 | $0.3500 |
| Oct 29, 2021 | $0.3250 |
| Jul 30, 2021 | $0.3250 |
| Apr 30, 2021 | $0.3250 |
| Jan 29, 2021 | $0.3250 |
| Oct 30, 2020 | $0.3000 |
| Jul 31, 2020 | $0.3000 |