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Friday 6 November 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.

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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

NRG Energy, Inc. (NRG) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, NRG Energy, Inc. (NRG) trades at a P/B ratio of 4.1×. Over the past ten years it has ranged from 0.0× (December 2019) to 34.8× (February 2026); the current reading is higher than 57% of that period. That is above the Utilities Independent Power Producers industry median of 2.5× and above the Utilities sector median of 1.7×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 30.1× 196.23%
FY2024 10.2× 96.29%
FY2023 5.2× 163.12%
FY2022 2.0× (32.86%)
FY2021 2.9× (46.46%)
FY2020 5.5× (12.82%)
FY2019 6.3× —
FY2018 0.0× —
FY2017 4.7× 432.50%
FY2016 0.9× 22.68%

Quarterly newest first

Period P/B ratio Change
Jun 2026 7.3× 2.34%
Mar 2026 7.2× (76.22%)
Dec 2025 30.1× 27.19%
Sep 2025 23.7× 23.23%
42 more quarters

Against its own ten years

Low 0.0× High 34.8×
Ten-year median 3.2×
Current reading's percentile 47

P/B ratio against peers

Company P/B ratio
DGXX Digi Power X Inc. compare 0.6×
KEN Kenon Holdings Ltd. compare 0.9×
OKLO Oklo Inc. compare 1.1×
HNRG Hallador Energy Company compare 2.3×
CEG Constellation Energy Corporation compare 2.7×
NRG NRG Energy, Inc. 4.1×
TLN Talen Energy Corporation compare 9.5×
VST Vistra Corp. compare 12.7×
ONEN ONE Nuclear Energy Inc. compare —
Utilities Independent Power Producers industry median 2.5×
Utilities sector median 1.7×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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