NRG Energy, Inc. (NRG)

NRG Energy, Inc., together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through the Texas, East, West/Other, Vivint Smart Home, and Corporate Activities segments. The company offers retail electricity, energy management, demand response and virtual power plant programs, carbon offsets, smart home security, and automation services. It also offers system power, distributed and backup generation, energy storage, energy management, renewable and low-carbon products, and carbon management solutions for large business and commercial customers; a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions; and generation portfolio includes fossil fuel and renewable generation assets diversified by fuel type and dispatch level, with ongoing development of new natural gas and renewable projects. In addition, the company trades in power, natural gas, and related products; environmental products; weather products; and financial products, including forwards, futures, options, and swaps. It offers its products and services under the NRG, Reliant, Direct Energy, Green Mountain Energy, and Vivint. It serves residential, commercial, government, industrial, data center, and wholesale customers. NRG Energy, Inc. was founded in 1989 and is headquartered in Houston, Texas.

Symbol
NRG
Exchange
NYSE
Sector
Utilities
Industry
Utilities - Independent Power Producers
Market cap
$20.03B
52 week range
93.36 - 189.96

Valuation

Share price
$95.23 (close of 2026-10-02)
P/E (TTM)
24.74x
Price to book
4.13x
Price to free cash flow
57.55x
Enterprise value
$43.33B
Book value per share
$23.09

Price performance

PeriodChange
1 day-1.75%
5 days-5.12%
1 month-14.28%
3 months-30.34%
6 months-37.63%
Year to date-40.20%
1 year-43.08%
3 years+153.47%
5 years+134.21%
10 years+749.51%
All time+888.89%

Members of Congress who disclosed NRG trades

John Boozman

Super investors holding NRG

David Tepper (Appaloosa Mgmt) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity
51.40%
Return on invested capital
11.59%
Return on assets
2.96%
Return on capital employed
8.74%
Gross margin
14.65%
Net margin
2.85%
EBITDA margin
10.71%
Revenue growth
9.37%
Net income growth
-23.20%
Free cash flow growth
-58.23%

Cash flow and balance sheet

Free cash flow yield (TTM)
1.74%
Current ratio
0.97x
Net debt to EBITDA
6.24x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$30.35B
Cost of revenue
$25.90B
Gross profit
$4.45B
EBITDA
$3.25B
Net income
$864.00M
Earnings per share
$4.09
Shares outstanding
195.00M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$30.35B$4.45B$864.00M$4.09
2024-12-31$27.75B$4.77B$1.13B$5.14
2023-12-31$28.26B$2.48B-$202.00M$-1.12
2022-12-31$31.49B$3.16B$1.22B$5.17
2021-12-31$26.78B$4.63B$2.19B$8.93
2020-12-31$8.69B$2.15B$510.00M$2.08
2019-12-31$7.99B$688.00M$4.44B$16.94
2018-12-31$8.15B$1.04B$268.00M$0.88
2017-12-31$9.07B$2.19B-$2.15B$-6.79
2016-12-31$8.91B$2.24B-$774.00M$-2.22

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3114.65%2.85%51.40%11.59%
2024-12-3117.19%4.05%45.40%16.80%
2023-12-318.77%-0.71%-6.95%2.88%
2022-12-3110.05%3.88%31.90%13.47%
2021-12-3117.31%8.17%60.75%22.66%
2020-12-3124.74%5.87%30.36%12.23%
2019-12-318.61%55.54%267.67%16.31%
2018-12-3112.76%3.29%-21.72%18.70%
2017-12-3124.11%-23.73%-109.40%-6.52%
2016-12-3125.11%-8.68%-17.41%0.08%

Cash and debt by year

Period endCashDebt
2025-12-31$4.71B-
2024-12-31$966.00M$10.89B
2023-12-31$541.00M$10.94B
2022-12-31$430.00M$8.10B
2021-12-31$250.00M$8.10B
2020-12-31$3.90B$8.86B
2019-12-31$345.00M$6.04B
2018-12-31$563.00M$6.69B
2017-12-31$770.00M$9.49B
2016-12-31$591.00M$16.70B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$766.00M$134.00M
2024-12-31$1.83B$102.00M
2023-12-31-$819.00M$101.00M
2022-12-31-$7.00M$28.00M
2021-12-31$224.00M$21.00M
2020-12-31$1.61B$22.00M
2019-12-31$1.19B$20.00M
2018-12-31$989.00M$25.00M
2017-12-31$1.36B$35.00M
2016-12-31$1.36B$10.00M

Dividend history

Most recent payment
2026-08-03
Paid in the last twelve months
$1.86
Payment dateDividend per share
2026-08-03$0.47
2026-05-01$0.47
2026-02-02$0.47
2025-11-03$0.44
2025-08-01$0.44
2025-05-01$0.44
2025-02-03$0.44
2024-11-01$0.41

Investor relations

Next earnings report

Next confirmed report
2026-11-05
Consensus EPS estimate
$3.48

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-04Jun/2026$1.66
2026-05-06Mar/2026$1.78
2026-02-24Dec/2025$1.01
2025-11-06Sep/2025$2.26
2025-08-06Jun/2025$1.54
2025-05-12Mar/2025$1.80
2025-02-26Dec/2024$0.95
2024-11-08Sep/2024$2.05

Filings and sources

Company website
nrg.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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