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Saturday 17 October 2026 Export NRG’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 11.0%, EPS grew 474.2%, free cash flow grew 8,715.1% and total debt rose 112.5%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

103.75 0.89 +0.87%
Market cap
$21.6B
P/E
27.3×
Fwd P/E
14.9×
Dividend yield
1.80%
F-score
6/9
Altman Z
2.25
Beneish M
−2.52
Dividend safety
72/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

NRG Energy, Inc. (NRG) Operating margin

Alert me on Operating margin

NRG Energy, Inc.'s operating margin over the twelve months to 30 June 2026 was 6.08%, up 0.1 percentage points from fiscal 2025 (6.01%). Over the past ten years it has ranged from −32.9% (fiscal 2015) to 13.1% (fiscal 2019); the current reading is higher than 45% of that period. That is above the Utilities Independent Power Producers industry median of 4.83% and below the Utilities sector median of 18.8%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 6.01% (2.61)
FY2024 8.62% 7.29
FY2023 1.33% (5.07)
FY2022 6.40% (5.98)
FY2021 12.4% 0.23
FY2020 12.2% (0.99)
FY2019 13.1% 2.78
FY2018 10.4% 18.53
FY2017 −8.17% (8.54)
FY2016 0.37% 33.23

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 13.1% 9.85
Mar 2026 3.20% (0.63)
Dec 2025 3.83% (1.59)
Sep 2025 5.42% 5.42
42 more quarters

Against its own ten years

Low −32.9% High 13.1%
Ten-year median 6.40%
Current reading's percentile 44

Operating margin against peers

Company Operating margin
VST Vistra Corp. compare 18.6%
CEG Constellation Energy Corporation compare 14.7%
KEN Kenon Holdings Ltd. compare 8.20%
NRG NRG Energy, Inc. 6.08%
HNRG Hallador Energy Company compare 3.58%
TLN Talen Energy Corporation compare 2.56%
OKLO Oklo Inc. compare 0.00%
DGXX Digi Power X Inc. compare −101.0%
Utilities Independent Power Producers industry median 4.83%
Utilities sector median 18.8%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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