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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $30.71B | $28.13B | $28.82B | $31.54B | $26.99B | $9.09B |
| Cost of Revenue | - | - | - | - | - | $6.54B |
| Gross Profit | - | - | - | - | - | $2.55B |
| R&D | - | - | - | - | - | $8.00M |
| SG&A | $2.60B | $2.03B | $1.97B | $1.23B | $1.29B | $933.00M |
| Total Operating Expenses | $28.84B | $25.91B | $30.02B | $29.58B | $23.89B | $7.99B |
| D&A | $1.41B | $1.40B | $1.13B | $634.00M | $785.00M | $435.00M |
| Operating Income | $1.84B | $2.42B | $384.00M | $2.02B | $3.34B | $1.10B |
| Interest Expense | $741.00M | $651.00M | $667.00M | $417.00M | $485.00M | $401.00M |
| Income Tax | $270.00M | $323.00M | ($11.00M) | $442.00M | $672.00M | $251.00M |
| Net Income | $864.00M | $1.13B | ($202.00M) | $1.22B | $2.19B | $510.00M |
| EPS - Basic | $4.09 | $5.14 | ($1.12) | $5.17 | $8.93 | $2.08 |
| EPS - Diluted | $4.01 | $4.99 | ($1.12) | $5.17 | $8.93 | $2.07 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.71B | $966.00M | $541.00M | $430.00M | $250.00M | $3.90B |
| Accounts Receivable | $4.07B | $3.49B | $3.54B | $4.77B | $3.25B | $904.00M |
| Inventory | $461.00M | $478.00M | $607.00M | $751.00M | $498.00M | $327.00M |
| Accounts Payable | $2.83B | $2.51B | $2.33B | $3.64B | $2.27B | $649.00M |
| Current Assets | $13.15B | $8.96B | $9.73B | $16.23B | $10.84B | $6.03B |
| Total Assets | $29.14B | $24.02B | $26.04B | $29.15B | $23.18B | $14.90B |
| Current Liabilities | $8.03B | $8.81B | $9.50B | $12.98B | $7.92B | $1.92B |
| Long-term Debt | - | $10.89B | $10.94B | $8.10B | $8.10B | $8.86B |
| Total Liabilities | $27.46B | $21.54B | $23.13B | $25.32B | $19.58B | $13.22B |
| Stockholders' Equity | $1.68B | $2.48B | $2.91B | $3.83B | $3.60B | $1.68B |
| Retained Earnings | $1.98B | $1.53B | $820.00M | $1.41B | $464.00M | ($1.40B) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.91B | $2.31B | ($221.00M) | $360.00M | $493.00M | $1.84B |
| Investing Cash Flow | ($1.64B) | ($24.00M) | ($910.00M) | ($332.00M) | ($3.04B) | ($494.00M) |
| Financing Cash Flow | $3.55B | ($1.75B) | ($400.00M) | $1.04B | ($272.00M) | $2.20B |
| CapEx | $1.15B | $472.00M | $598.00M | $367.00M | $269.00M | $230.00M |
| Free Cash Flow | $766.00M | $1.83B | ($819.00M) | ($7.00M) | $224.00M | $1.61B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | 28.1% |
| Operating margin | 6.0% | 8.6% | 1.3% | 6.4% | 12.4% | 12.2% |
| EBITDA margin | 10.6% | 13.6% | 5.2% | 8.4% | 15.3% | 16.9% |
| Net margin | 2.8% | 4.0% | -0.7% | 3.9% | 8.1% | 5.6% |
| Free cash flow margin | 2.5% | 6.5% | -2.8% | -0.0% | 0.8% | 17.7% |
| FCF / Net income | 0.89 | 1.63 | 4.05 | -0.01 | 0.10 | 3.15 |
| R&D / Revenue | - | - | - | - | - | 0.1% |
| SG&A / Revenue | 8.5% | 7.2% | 6.8% | 3.9% | 4.8% | 10.3% |
| Effective tax rate | 23.8% | 22.3% | - | 26.6% | 23.5% | 33.0% |
| Return on assets | 3.0% | 4.7% | -0.8% | 4.2% | 9.4% | 3.4% |
| Return on equity | 51.4% | 45.4% | -7.0% | 31.9% | 60.8% | 30.4% |
| Return on invested capital | - | 14.1% | 2.2% | 12.4% | 21.8% | 7.0% |
| Liquidity | ||||||
| Current ratio | 1.64 | 1.02 | 1.02 | 1.25 | 1.37 | 3.15 |
| Quick ratio | 1.58 | 0.96 | 0.96 | 1.19 | 1.31 | 2.98 |
| Cash ratio | 0.59 | 0.11 | 0.06 | 0.03 | 0.03 | 2.04 |
| Leverage | ||||||
| Debt / Equity | - | 4.40 | 3.76 | 2.12 | 2.25 | 5.27 |
| Debt / Assets | - | 0.45 | 0.42 | 0.28 | 0.35 | 0.59 |
| Debt / EBITDA | - | 2.85 | 7.24 | 3.05 | 1.96 | 5.75 |
| Interest coverage | 2.5x | 3.7x | 0.6x | 4.8x | 6.9x | 2.8x |
| Equity multiplier | 17.33 | 9.69 | 8.96 | 7.61 | 6.44 | 8.87 |
| Liabilities / Assets | 0.94 | 0.90 | 0.89 | 0.87 | 0.84 | 0.89 |
| Efficiency | ||||||
| Asset turnover | 1.05 | 1.17 | 1.11 | 1.08 | 1.16 | 0.61 |
| Inventory turnover | - | - | - | - | - | 20.00 |
| Days sales outstanding | 48d | 45d | 45d | 55d | 44d | 36d |
| Days inventory outstanding | - | - | - | - | - | 18d |
| Days payable outstanding | - | - | - | - | - | 36d |
| Cash conversion cycle | - | - | - | - | - | 18d |
| Valuation | ||||||
| P / E | 39.7x | 18.1x | - | 6.2x | 4.8x | 18.1x |
| P / B | 18.9x | 7.7x | 4.1x | 2.0x | 2.9x | 5.5x |
| P / S | 1.0x | 0.7x | 0.4x | 0.2x | 0.4x | 1.0x |
| EV / EBITDA | 8.3x | 7.6x | 14.7x | 5.7x | 4.5x | 9.2x |
| Growth | ||||||
| Revenue growth (YoY) | 9.2% | -2.4% | -8.6% | 16.9% | 196.8% | -7.4% |
| Revenue CAGR (3y) | -0.9% | 1.4% | 46.9% | 47.5% | 41.7% | -5.1% |
| Revenue CAGR (5y) | 27.6% | 23.4% | 24.9% | 24.3% | 16.9% | -9.1% |
| Gross profit growth (YoY) | - | - | - | - | - | 1.4% |
| Operating income growth (YoY) | -23.9% | 531.3% | -81.0% | -39.6% | 202.4% | -14.3% |
| Net income growth (YoY) | -23.2% | - | - | -44.2% | 328.8% | -88.5% |
| EPS growth (YoY) | -19.6% | - | - | -42.1% | 331.4% | -87.7% |
| EPS CAGR (3y) | -8.1% | -17.6% | - | -32.5% | 117.3% | - |
| EPS CAGR (5y) | 14.1% | -21.6% | - | - | - | - |
| FCF growth (YoY) | -58.2% | - | -11600.0% | - | -86.1% | 35.6% |
| FCF CAGR (5y) | -13.8% | 9.1% | - | - | -23.0% | 128.1% |
| Book value growth (YoY) | -32.2% | -14.7% | -24.1% | 6.3% | 114.3% | 1.3% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.46
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
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 |