NRG Energy, Inc.

NRG Utilities Utilities Independent Power Producers

NRG Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $30.7 billion, up 9.18% from fiscal 2024.

Revenue
+11.0%
EPS
+474.2%
Free cash flow
+8,715.1%
Total debt
+112.5%

Quarter to June 2026, against a year earlier

81.23 2.02 −2.43%
Market cap
$16.9B
P/E
21.4×
Fwd P/E
11.9×
Dividend yield
2.34%
F-score
6/9
Altman Z
2.25
Beneish M
−2.52
Dividend safety
72/100

NRG Energy, Inc. (NRG) Gross margin

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NRG Energy, Inc.'s gross margin over the twelve months to 30 June 2026 was 18.8%, down 0.6 percentage points from fiscal 2025 (19.4%). Over the past ten years it has ranged from 8.12% (fiscal 2023) to 28.1% (fiscal 2020); the current reading is higher than 27% of that period. That is below the Utilities Independent Power Producers industry median of 38.0% and below the Utilities sector median of 58.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 19.4% (2.06)
FY2024 21.4% 13.32
FY2023 8.12% (4.88)
FY2022 13.0% (11.11)
FY2021 24.1% (3.97)
FY2020 28.1% 2.44
FY2019 25.6% 0.63
FY2018 25.0% 0.90
FY2017 24.1% (1.00)
FY2016 25.1% (1.89)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 26.9% 13.25
Mar 2026 13.6% (4.72)
Dec 2025 18.4% 0.09
Sep 2025 18.3% 1.78
42 more quarters

Against its own ten years

Low 8.12% High 28.1%
Ten-year median 24.1%
Current reading's percentile 29

Gross margin against peers

Company Gross margin
TLN Talen Energy Corporation compare 50.6%
CEG Constellation Energy Corporation compare 43.9%
HNRG Hallador Energy Company compare 43.6%
VST Vistra Corp. compare 38.0%
NRG NRG Energy, Inc. 18.8%
KEN Kenon Holdings Ltd. compare 18.7%
DGXX Digi Power X Inc. compare −26.3%
ONEN ONE Nuclear Energy Inc. compare —
OKLO Oklo Inc. compare —
Utilities Independent Power Producers industry median 38.0%
Utilities sector median 58.0%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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