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%

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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

Share dilution Aug 4, 2026

All filings →

Insider Decisions trades per month

Total sells 635.92

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	4	—	3	—	—	1	1	—	1	—

Insider Ownership 5.02%

Capital & Financial Ratios $m

Market Cap 21,620.00

Revenue 33,125.00

Net Income 849.00

Free Cash Flow 366.00

Net Debt 22,877.00

Current Ratio 0.97

Debt/Equity 4.79

P/E ratio 27.30

Fwd P/E 14.90

P/S ratio 0.66

P/B ratio 5.21

Past 5Y EPS Growth 14.14%

This Y EPS Growth 9.69%

Next Y EPS Growth 24.55%

Next Y revenue growth 15.70%

Next 5Y EPS Growth 16.67%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 79.24%

10-year low 10-year high

P/S against its own 10 years 47.44%

10-year low 10-year high

P/B against its own 10 years 62.65%

10-year low 10-year high

EV/Sales against its own 10 years 41.95%

10-year low 10-year high

EV/FCF against its own 10 years 95.04%

10-year low 10-year high

Dividends

Payout Ratio 0.49

Annual Dividend Rate 1.87

Annual Dividend Yield 1.80%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.90	0.48 0.48 0.48
2025	1.76	0.44 0.44 0.44 0.44
2024	1.63	0.41 0.41 0.41 0.41
2023	1.51	0.38 0.38 0.38 0.38
2022	1.40	0.35 0.35 0.35 0.35
2021	1.30	0.33 0.33 0.33 0.33
2020	1.20	0.30 0.30 0.30 0.30
2019	0.12	0.03 0.03 0.03 0.03
2018	0.12	0.03 0.03 0.03 0.03
2017	0.12	0.03 0.03 0.03 0.03
2016	0.24	0.15 0.03 0.03 0.03

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	649	1,173	4,998	379
Receivables	3,542	3,488	4,065	3,534
Inventory	607	478	461	793
Other	4,303	2,995	2,554	3,629
	9,727	8,964	13,147	9,653

	2023	2024	2025	Q'26
Payables	2,325	2,513	2,834	2,579
ST’ Debt	620	996	31	1,512
Other	4,103	2,496	2,517	3,287
	9,500	8,813	8,029	9,975

Compound Annual Growth %

	10y	5y	3y
Sales	9.56%	27.56%	(0.88%)
Cash Flow	3.55%	0.81%	74.50%
Earnings	0.00%	9.34%	(13.25%)
Book Value	(11.07%)	0.01%	(23.99%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	10,256	7,481	—	—	—
’25	8,585	6,740	7,635	7,753	30,713
’24	7,429	6,659	7,223	6,819	28,130
’23	7,722	6,348	7,946	6,807	28,823
’22	7,896	7,282	8,510	7,855	31,543
’21	8,091	5,243	6,609	7,046	26,989
’20	2,019	2,238	2,809	2,027	9,093

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(169)	1,117	—	—	—
’25	855	451	484	123	1,913
’24	267	1,056	31	952	2,306
’23	(1,598)	570	566	241	(221)
’22	1,676	1,513	(1,431)	(1,398)	360
’21	(917)	1,294	1,478	(1,362)	493
’20	208	484	694	451	1,837

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(7,241)	7,581	—	—	—
’25	624	86	230	(175)	772
’24	172	979	401	754	2,317
’23	(1,539)	391	397	1,914	1,188
’22	1,612	1,504	(1,520)	(1,519)	96
’21	(783)	1,216	1,402	(780)	1,054
’20	157	430	643	444	1,678

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.52	2.31	—	—	—
’25	3.61	(0.62)	0.69	0.26	4.01
’24	2.31	3.37	(3.79)	3.01	4.99
’23	(5.82)	1.25	1.41	2.09	(1.12)
’22	7.17	2.16	0.29	(4.56)	5.17
’21	(0.33)	4.40	6.60	(1.74)	8.93
’20	0.49	1.27	1.02	(0.70)	2.07

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	8.92	12.19	23.75	32.63	19.54	31.94	30.64	30.25	50.23	79.57	Analyst estimates 2026–2028 Powerpack
	High	18.32	29.78	43.08	43.66	40.25	46.10	47.82	52.16	103.14	180.54
People
People	Employees	8,763	5,940	4,862	4,577	4,104	6,635	6,603	18,131	15,637	16,702
	Revenue/emp, $m	1.02	1.53	1.95	2.15	2.22	4.07	4.78	1.59	1.80	1.84
Income, $m
Income, $m	Revenue	8,915	9,074	9,478	9,821	9,093	26,989	31,543	28,823	28,130	30,713
	Gross margin, %	25.11	24.11	25.01	25.64	28.08	24.11	13.00	8.12	21.44	19.38
	EBT	(931)	(1,389)	467	786	761	2,859	1,663	(213)	1,448	1,134
	EBT margin, %	(10.44)	(15.31)	4.93	8.00	8.37	10.59	5.27	(0.74)	5.15	3.69
	Net income	(891)	(2,337)	268	4,441	510	2,187	1,221	(202)	1,125	864
	Depreciation	932	809	632	594	674	1,032	1,038	1,659	1,683	1,717
Per share, $
Per share, $	Revenue	28.21	28.62	31.18	37.48	37.11	110.16	133.66	126.42	136.55	157.50
	Earnings	(2.22)	(6.79)	0.88	16.94	2.08	8.93	5.17	(1.12)	5.14	4.09
	Cash flow	6.04	5.08	4.53	5.39	7.50	2.01	1.53	(0.97)	11.19	9.81
	Capex	(0.96)	0.76	3.93	4.11	(0.65)	2.29	(1.12)	6.18	0.05	(5.85)
	Free cash flow	5.08	5.84	8.46	9.50	6.85	4.30	0.41	5.21	11.25	3.96
	Book value	14.07	6.21	(4.06)	6.33	6.86	14.69	16.22	12.75	12.03	8.62
	Shares, m	316	317	304	262	245	245	236	228	206	195
Valuation, ×
Valuation, ×	P/E	0.00	0.00	47.71	2.35	17.97	4.82	6.31	0.00	17.55	39.42
	P/S	0.44	1.01	1.27	1.06	1.01	0.39	0.24	0.41	0.66	1.01
	P/B	0.87	4.66	0.00	6.28	5.48	2.93	1.97	5.18	10.17	30.12
	EV/Sales	2.13	1.92	1.89	1.62	1.54	0.65	0.42	0.76	1.00	1.38
	EV/FCF	11.54	9.43	6.80	6.36	8.29	16.55	171.75	18.85	12.28	57.74
Cash, $m
Cash, $m	Operating cash flow	1,908	1,610	1,377	1,413	1,837	493	360	(221)	2,306	1,913
	Capex	(303)	242	1,195	1,077	(159)	561	(264)	1,409	11	(1,141)
	Free cash flow	1,605	1,852	2,572	2,490	1,678	1,054	96	1,188	2,317	772
Balance, $m
Balance, $m	Working capital	2,012	1,083	1,202	729	4,113	2,926	3,249	227	151	5,118
	Total debt	16,473	9,384	6,521	5,891	8,692	7,970	8,039	10,753	10,808	16,443
	Net debt	15,087	8,298	5,908	5,506	4,762	6,860	5,861	10,104	9,635	11,445
	Shareholders’ equity	4,446	1,968	(1,234)	1,658	1,680	3,600	3,828	2,906	2,478	1,681
Returns, %
Returns, %	ROA	(2.21)	(7.97)	1.58	38.33	3.72	11.49	4.67	(0.93)	4.23	3.00
	ROIC	0.11	(4.51)	13.13	11.25	10.72	19.96	13.02	1.84	12.51	8.79
	ROE	(14.19)	(67.13)	73.02	2,093.40	30.56	82.84	32.88	(8.42)	51.81	55.75

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CEG Constellation Energy Corporation	$97.4B	26.4×	20.9×	+23.00% (above 0%: growing)	−46.82% (below 0%: shrinking)	−116.62% (below 0%: shrinking)	46.39%	7.73%	Compare
VST Vistra Corp.	$51.7B	25.3×	15.3×	−5.48% (below 0%: shrinking)	−6.10% (below 0%: shrinking)	+401.69% (above 0%: growing)	34.60%	13.77%	Compare
NRG NRG Energy, Inc.	$21.6B	27.3×	14.9×	+10.99% (above 0%: growing)	n/m	+8,715.12% (above 0%: growing)	26.88%	13.05%
TLN Talen Energy Corporation	$16.7B	— (loss-making)	17.5×	+18.57% (above 0%: growing)	n/m	−176.92% (below 0%: shrinking)	49.40%	(9.64%)	Compare
OKLO Oklo Inc.	$5.6B	— (loss-making)	—	—	n/m	−632.29% (below 0%: shrinking)	40.41%	(6,048.76%)	Compare
KEN Kenon Holdings Ltd.	$3.3B	22.5×	5.7×	+93.37% (above 0%: growing)	+750.00% (above 0%: growing)	−3,783.33% (below 0%: shrinking)	22.16%	15.04%	Compare
HNRG Hallador Energy Company	$599.2M	293×	21.4×	−1.28% (below 0%: shrinking)	n/m	−3,158.67% (below 0%: shrinking)	33.82%	(12.05%)	Compare
DGXX Digi Power X Inc.	$284.8M	— (loss-making)	— (loss-making)	−18.28% (below 0%: shrinking)	n/m	−850.98% (below 0%: shrinking)	(83.34%)	(153.44%)	Compare
Median of peers	$5.6B	25.9×	17.5×	+8.65%	−6.10%	−632.29%	34.60%	(9.64%)

All 8 Utilities Independent Power Producers stocks →

NRG Energy, Inc. (NRG) key facts

Strength: NRG Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $30.7 billion, up 9.18% from fiscal 2024.
NRG Energy, Inc. (NRG) is an Utilities Independent Power Producers company in the Utilities sector, listed on the New York Stock Exchange.
As of October 16, 2026, NRG traded at $103.75, a market capitalization of $21.6 billion.
NRG Energy, Inc. pays an annual dividend of $1.87 per share, a yield of 1.80%, with a payout ratio of 49.3%.
Return on equity was 55.8% and debt-to-equity 4.79.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.25 (grey zone) for fiscal 2025.