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Stocks · Utilities · Electric Services

NRG Energy

NRG Clue Score28
United States Fiscal year ends December CIK 0001013871
$107.97 +1.55% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $107.97 +164.11% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue8.92Operating income0.03Net income−0.77EPS, diluted−2.22Fiscal year 2017Revenue9.07 +1.8%Operating income−0.74Net income−2.15EPS, diluted−6.79Fiscal year 2018Revenue8.15 −10.2%Operating income0.98Net income0.27EPS, diluted0.87Fiscal year 2019Revenue7.99 −1.9%Operating income1.29Net income4.44 +1,556.0%EPS, diluted16.81 +1,832.2%Fiscal year 2020Revenue8.69 +8.7%Operating income1.11Net income0.51 −88.5%EPS, diluted2.07 −87.7%Fiscal year 2021Revenue26.78 +208.1%Operating income3.34Net income2.19 +328.8%EPS, diluted8.93 +331.4%Fiscal year 2022Revenue31.49 +17.6%Operating income2.02Net income1.22 −44.2%EPS, diluted5.17 −42.1%Fiscal year 2023Revenue28.26 −10.3%Operating income0.38Net income−0.20 −116.5%EPS, diluted−1.12 −121.7%Fiscal year 2024Revenue27.75 −1.8%Operating income2.42Net income1.13EPS, diluted4.99Fiscal year 2025Revenue30.35 +9.4%Operating income1.85Net income0.86 −23.2%EPS, diluted4.01 −19.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 8.92 9.07 8.15 7.99 8.69 26.78 31.49 28.26 27.75 30.35
Growth +1.8% −10.2% −1.9% +8.7% +208.1% +17.6% −10.3% −1.8% +9.4%
Operating income 0.03 −0.74 0.98 1.29 1.11 3.34 2.02 0.38 2.42 1.85
Net income −0.77 −2.15 0.27 4.44 0.51 2.19 1.22 −0.20 1.13 0.86
Growth +1,556.0% −88.5% +328.8% −44.2% −116.5% −23.2%
EPS, diluted −2.22 −6.79 0.87 16.81 2.07 8.93 5.17 −1.12 4.99 4.01
Growth +1,832.2% −87.7% +331.4% −42.1% −121.7% −19.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin0.4%Net margin−8.7%Free cash flow margin15.3%Fiscal year 2017Operating margin−8.2%Net margin−23.7%Free cash flow margin14.9%Fiscal year 2018Operating margin12.1%Net margin3.3%Free cash flow margin12.1%Fiscal year 2019Operating margin16.1%Net margin55.5%Free cash flow margin14.8%Fiscal year 2020Operating margin12.7%Net margin5.9%Free cash flow margin18.5%Fiscal year 2021Operating margin12.5%Net margin8.2%Free cash flow margin0.8%Fiscal year 2022Operating margin6.4%Net margin3.9%Free cash flow margin−0.0%Fiscal year 2023Operating margin1.4%Net margin−0.7%Free cash flow margin−2.9%Fiscal year 2024Operating margin8.7%Net margin4.1%Free cash flow margin6.6%Fiscal year 2025Operating margin6.1%Net margin2.8%Free cash flow margin2.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 0.4% −8.2% 12.1% 16.1% 12.7% 12.5% 6.4% 1.4% 8.7% 6.1%
Net margin −8.7% −23.7% 3.3% 55.5% 5.9% 8.2% 3.9% −0.7% 4.1% 2.8%
Free cash flow margin 15.3% 14.9% 12.1% 14.8% 18.5% 0.8% −0.0% −2.9% 6.6% 2.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.91Capital expenditure−0.54Free cash flow1.36Buybacks0.00Dividends paid−0.08Fiscal year 2017Operating cash flow1.61Capital expenditure−0.25Free cash flow1.36 −0.6%Buybacks0.00Dividends paid−0.04Fiscal year 2018Operating cash flow1.38Capital expenditure−0.39Free cash flow0.99 −27.1%Buybacks−1.25Dividends paid−0.04Fiscal year 2019Operating cash flow1.41Capital expenditure−0.23Free cash flow1.19 +19.8%Buybacks−1.44Dividends paid−0.03Fiscal year 2020Operating cash flow1.84Capital expenditure−0.23Free cash flow1.61 +35.6%Buybacks−0.23Dividends paid−0.30Fiscal year 2021Operating cash flow0.49Capital expenditure−0.27Free cash flow0.22 −86.1%Buybacks−0.05Dividends paid−0.32Fiscal year 2022Operating cash flow0.36Capital expenditure−0.37Free cash flow−0.01 −103.1%Buybacks−0.60Dividends paid−0.33Fiscal year 2023Operating cash flow−0.22Capital expenditure−0.60Free cash flow−0.82Buybacks−1.15Dividends paid−0.38Fiscal year 2024Operating cash flow2.31Capital expenditure−0.47Free cash flow1.83Buybacks−0.94Dividends paid−0.41Fiscal year 2025Operating cash flow1.91Capital expenditure−1.15Free cash flow0.77 −58.2%Buybacks−1.31Dividends paid−0.41
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.91 1.61 1.38 1.41 1.84 0.49 0.36 −0.22 2.31 1.91
Capital expenditure −0.54 −0.25 −0.39 −0.23 −0.23 −0.27 −0.37 −0.60 −0.47 −1.15
Free cash flow 1.36 1.36 0.99 1.19 1.61 0.22 −0.01 −0.82 1.83 0.77
Growth −0.6% −27.1% +19.8% +35.6% −86.1% −103.1% −58.2%
Buybacks 0.00 0.00 −1.25 −1.44 −0.23 −0.05 −0.60 −1.15 −0.94 −1.31
Dividends paid −0.08 −0.04 −0.04 −0.03 −0.30 −0.32 −0.33 −0.38 −0.41 −0.41

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.59Total debt16.70Net cash (debt)−16.11Shareholders’ equity4.45Debt to equity3.76Fiscal year 2017Cash0.77Total debt9.49Net cash (debt)−8.72Shareholders’ equity1.97Debt to equity4.82Fiscal year 2018Cash0.56Total debt6.69Net cash (debt)−6.13Shareholders’ equity−1.23Fiscal year 2019Cash0.35Total debt5.89Net cash (debt)−5.55Shareholders’ equity1.66Debt to equity3.55Fiscal year 2020Cash3.91Total debt8.69Net cash (debt)−4.79Shareholders’ equity1.68Debt to equity5.17Fiscal year 2021Cash0.25Total debt7.97Net cash (debt)−7.72Shareholders’ equity3.60Debt to equity2.21Fiscal year 2022Cash0.43Total debt8.04Net cash (debt)−7.61Shareholders’ equity3.83Debt to equity2.10Fiscal year 2023Cash0.54Total debt10.75Net cash (debt)−10.21Shareholders’ equity2.91Debt to equity3.70Fiscal year 2024Cash0.97Total debt10.81Net cash (debt)−9.84Shareholders’ equity2.48Debt to equity4.36Fiscal year 2025Cash4.71Total debt16.44Net cash (debt)−11.74Shareholders’ equity1.68Debt to equity9.78
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.59 0.77 0.56 0.35 3.91 0.25 0.43 0.54 0.97 4.71
Total debt 16.70 9.49 6.69 5.89 8.69 7.97 8.04 10.75 10.81 16.44
Net cash (debt) −16.11 −8.72 −6.13 −5.55 −4.79 −7.72 −7.61 −10.21 −9.84 −11.74
Shareholders’ equity 4.45 1.97 −1.23 1.66 1.68 3.60 3.83 2.91 2.48 1.68
Debt to equity 3.76 4.82 n/a 3.55 5.17 2.21 2.10 3.70 4.36 9.78

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
8.92 9.07 8.15 7.99 8.69 26.78 31.49 28.26 27.75 30.35
Growth +1.8% −10.2% −1.9% +8.7% +208.1% +17.6% −10.3% −1.8% +9.4%
6.68 6.89 7.11 7.30 6.54 n/a n/a n/a n/a n/a
0.05 0.02 0.01 0.01 0.01 n/a n/a n/a n/a n/a
1.03 0.84 0.80 0.76 0.81 1.29 1.15 2.09 2.35 2.60
0.03 −0.74 0.98 1.29 1.11 3.34 2.02 0.38 2.42 1.85
Growth −2,345.5% +31.4% −14.3% +202.4% −39.6% −81.0% +531.3% −23.9%
−0.93 −1.39 0.47 0.79 0.76 2.86 1.66 −0.21 1.45 1.13
0.03 −0.04 0.01 −3.33 0.25 0.67 0.44 −0.01 0.32 0.27
−0.77 −2.15 0.27 4.44 0.51 2.19 1.22 −0.20 1.13 0.86
Growth +1,556.0% −88.5% +328.8% −44.2% −116.5% −23.2%
Per share
−2.22 −6.79 0.88 16.94 2.08 8.93 5.17 −1.12 5.14 4.09
−2.22 −6.79 0.87 16.81 2.07 8.93 5.17 −1.12 4.99 4.01
Growth +1,832.2% −87.7% +331.4% −42.1% −121.7% −19.6%
316.0 317.0 304.0 262.0 245.0 245.0 236.0 228.0 206.0 195.0
316.0 317.0 308.0 264.0 246.0 245.0 236.0 228.0 212.0 199.0
Growth +0.3% −2.8% −14.3% −6.8% −0.4% −3.7% −3.4% −7.0% −6.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 28.4% a year over five years, and earnings per share grew 14.1% a year.
  • The diluted share count fell 19.1% in five years, so buybacks did some of the work per share.
  • Operating margin is down 6.6 points on five years ago, at 6.1%.
  • A net loss in 3 of 10 years on file.