NRG NRG Energy, Inc. Common Stock

NYSE · Utilities · View on SEC EDGAR ↗

$136.70

Price · Jul 2, 2026

Fundamentals as of May 6, 2026

NRG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$136.70

Market Cap

$30.32B

P/E (TTM)

39.7

EPS (TTM)

$4.01

Revenue (TTM)

$30.71B

Div Yield

1.4%

ROE

43.5%

Debt/Equity

—

52W Range

$120 – $190

NRG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $30.71B

2016-12-31 → 2025-12-31

EPS $4.01

2016-12-31 → 2025-12-31

Free Cash Flow $766M

2016-12-31 → 2025-12-31

Margins 2.8%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

NRG

Peer Median

P/E (TTM)

39.7

23.6

P/S (TTM)

1.0

3.1

P/B

18.0

2.2

Price / FCF

39.6

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

NRG

Peer Median

Operating Margin

6.0%

—

Net Profit Margin

2.8%

13.6%

ROA

3.2%

2.7%

ROE

43.5%

11.6%

ROIC

83.6%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

NRG

Peer Median

Current Ratio

1.6

0.8

Quick Ratio

1.1

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

NRG

Peer Median

Revenue YoY

9.2%

—

Revenue CAGR 3Y

-0.88%

—

Revenue CAGR 5Y

27.6%

—

EPS YoY

-19.6%

—

Net Income YoY

-23.2%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

NRG

Peer Median

EPS (Diluted)

$4.01

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

NRG

Peer Median

Payout Ratio

47.6%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

1.4%

Payout Ratio

47.6%

5Y Div CAGR

—

Ex-date	Amount
May 1, 2026	$0.4750
Feb. 2, 2026	$0.4750
Nov. 3, 2025	$0.4400
Aug. 1, 2025	$0.4400
May 1, 2025	$0.4400
Feb. 3, 2025	$0.4400
Nov. 1, 2024	$0.4080
Aug. 1, 2024	$0.4080
April 30, 2024	$0.4080
Jan. 31, 2024	$0.4080
Oct. 31, 2023	$0.3780
July 31, 2023	$0.3780
April 28, 2023	$0.3780
Jan. 31, 2023	$0.3780
Oct. 31, 2022	$0.3500
July 29, 2022	$0.3500
April 29, 2022	$0.3500
Jan. 31, 2022	$0.3500
Oct. 29, 2021	$0.3250
July 30, 2021	$0.3250

NRG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 21 analysts

Strong Buy 5 23.8%
Buy 12 57.1%
Hold 4 19.0%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

17 analysts · 2026-07-05

Median $200.00

Now $136.70

Low $99.00

High $267.00

Median target $200.00 +46.3%

Mean target $198.88 +45.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.33%

Next Report

Aug 04, 2026

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$1.48	$1.80	-0.32%
Dec. 31, 2025	$1.03	$0.97	0.06%
Sept. 30, 2025	$2.75	$2.12	0.63%
June 30, 2025	$1.68	$1.58	0.10%
March 31, 2025	$2.68	$1.51	1.2%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
NRG	$30.32B	39.7	9.2%	2.8%	43.5%	—
AEP	—	17.3	10.9%	16.9%	12.7%	—
ETR	—	23.6	9.0%	13.7%	11.1%	—
XEL	$46.06B	21.6	—	—	9.4%	—
EXC	$44.59B	15.3	5.3%	11.4%	9.9%	—
PCG	$35.32B	13.6	2.1%	10.8%	8.6%	—
EIX	$23.09B	5.2	9.8%	23.1%	26.9%	—
FE	$25.87B	25.4	12.0%	6.8%	8.2%	—
ES	$25.28B	14.8	13.8%	12.6%	10.7%	—
PPL	—	—	—	—	—	—
EVRG	—	19.8	1.9%	14.3%	8.5%	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16

Annual Income Statement data for NRG
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$30.71B	$28.13B	$28.82B	$31.54B	$26.99B	$9.09B	$9.82B	$9.48B	$9.07B	$8.91B	$12.33B	$15.87B
Cost of Revenue	·	·	·	·	·	$6.54B	$7.30B	$7.11B	$6.89B	$6.68B	$9.00B	$11.81B
R&D Expense	·	·	·	·	·	$8M	$7M	$11M	$22M	$48M	$154M	$88M
SG&A Expense	$2.60B	$2.35B	$2.09B	$1.15B	$1.29B	$810M	$760M	$799M	$836M	$1.03B	$1.23B	$1.02B
Operating Expenses	$28.84B	$25.91B	$30.02B	$29.58B	$23.89B	$7.99B	$8.54B	$8.53B	$9.92B	$8.99B	$16.59B	$14.62B
Operating Income	$1.84B	$2.42B	$384M	$2.02B	$3.34B	$1.10B	$1.29B	$982M	$-741M	$33M	$-4.05B	$1.27B
Interest Expense	·	·	$667M	$417M	$485M	$401M	$413M	$483M	$557M	$583M	$937M	$1.12B
Other Non-op	$68M	$44M	$47M	$56M	$63M	$67M	$66M	$18M	$51M	$47M	$26M	$22M
Pretax Income	$1.13B	$1.45B	$-213M	$1.66B	$2.86B	$761M	$786M	$467M	$-1.39B	$-931M	$-4.99B	$135M
Income Tax	$270M	$323M	$-11M	$442M	$672M	$251M	$-3.33B	$7M	$-44M	$25M	$1.34B	$3M
Net Income	$864M	$1.12B	$-202M	$1.22B	$2.19B	$510M	$4.44B	$268M	$-2.15B	$-774M	$-6.38B	$134M
EPS (Basic)	$4.09	$5.14	$-1.12	$5.17	$8.93	$2.08	$16.94	$0.88	$-6.79	$-2.22	$-19.46	$0.23
EPS (Diluted)	$4.01	$4.99	$-1.12	$5.17	$8.93	$2.07	$16.81	$0.87	$-6.79	$-2.22	$-19.46	$0.23
Shares (Basic)	195,000,000	206,000,000	228,000,000	236,000,000	245,000,000	245,000,000	262,000,000	304,000,000	317,000,000	316,000,000	329,000,000	334,000,000
Shares (Diluted)	199,000,000	212,000,000	228,000,000	236,000,000	245,000,000	246,000,000	264,000,000	308,000,000	317,000,000	316,000,000	329,000,000	339,000,000
EBITDA	$3.25B	$3.83B	$1.51B	$2.65B	$4.13B	$1.54B	$1.66B	$1.40B	$469M	$1.89B	$-2.47B	$2.79B

Balance Sheet 27

Annual Balance Sheet data for NRG
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$4.71B	$966M	$541M	$430M	$250M	$3.90B	$345M	$563M	$770M	$591M	$853M	$2.12B
Receivables	$4.07B	$3.49B	$3.54B	$4.77B	$3.25B	$904M	$1.02B	$1.02B	$900M	$1.06B	$1.16B	$1.32B
Inventory	$461M	$478M	$607M	$751M	$498M	$327M	$383M	$412M	$453M	$721M	$1.25B	$1.25B
Prepaid Expense	$1.07B	$830M	$626M	$383M	$395M	$257M	$245M	$302M	$163M	$404M	$455M	$447M
Current Assets	$13.15B	$8.96B	$9.73B	$16.23B	$10.84B	$6.03B	$3.09B	$3.60B	$4.44B	$6.71B	$7.39B	$8.41B
PP&E (Net)	·	·	·	·	·	·	$2.59B	$3.05B	$5.97B	$15.37B	$18.73B	$22.37B
PP&E (Gross)	·	·	·	·	·	·	·	$4.86B	$8.23B	$20.70B	$24.49B	$30.26B
Accum. Depreciation	$1.77B	$1.51B	$1.29B	$1.48B	$1.31B	$1.94B	$1.75B	$1.81B	$2.25B	$5.34B	$-5.76B	$7.89B
Goodwill	$5.02B	$5.01B	$5.08B	$1.65B	$1.79B	$579M	$579M	$573M	$539M	$662M	$999M	$2.57B
Intangibles	$2.31B	$2.91B	$3.93B	$2.13B	$2.51B	$668M	$789M	$591M	$507M	$1.97B	$2.31B	$2.57B
Other Non-current Assets	$1.49B	$1.15B	$777M	$256M	$229M	$216M	$240M	$289M	$310M	$841M	$1.21B	$1.04B
Total Assets	$29.14B	$24.02B	$26.04B	$29.15B	$23.18B	$14.90B	$12.53B	$10.63B	$23.36B	$30.68B	$32.88B	$40.47B
Accounts Payable	$2.83B	$2.51B	$2.33B	$3.64B	$2.27B	$649M	$722M	$863M	$684M	$782M	$869M	$1.06B
Accrued Liabilities	$1.86B	$2.03B	$1.64B	·	·	·	·	·	·	·	·	·
Current Liabilities	$8.03B	$8.81B	$9.50B	$12.98B	$7.92B	$1.92B	$2.36B	$2.40B	$3.35B	$4.70B	$4.38B	$4.86B
Capital Leases	$144M	$117M	$128M	$180M	$236M	$278M	$483M	$0	·	·	·	·
Deferred Tax	$15M	$12M	$22M	$134M	$73M	$19M	$17M	$65M	$21M	$20M	$19M	$21M
Other Non-current Liabilities	$861M	$821M	$947M	$973M	$993M	$1.07B	$1.08B	$1.27B	$534M	$666M	$900M	$847M
Total Liabilities	$27.46B	$21.54B	$23.13B	$25.32B	$19.58B	$13.22B	$10.85B	$11.84B	$21.31B	$26.19B	$27.12B	$28.48B
Long-term Debt	$16.58B	$10.89B	$10.94B	$8.10B	$8.10B	$8.86B	$6.04B	$6.69B	$9.49B	$16.70B	$19.62B	$20.37B
Common Stock	$2M	$2M	$3M	$4M	$4M	$4M	$4M	$4M	$4M	$4M	$4M	$4M
Retained Earnings	$1.98B	$1.53B	$820M	$1.41B	$464M	$-1.40B	$-1.62B	$-6.02B	$-6.27B	$-3.79B	$-3.01B	$3.59B
Treasury Stock	$1.09B	$297M	$1.89B	$5.86B	$5.27B	$5.23B	$5.04B	$3.63B	$2.39B	$2.40B	$2.41B	$1.98B
AOCI	$-81M	$-117M	$-91M	$-177M	$-126M	$-206M	$-192M	$-94M	$-72M	$-135M	$-173M	$-174M
Stockholders' Equity	$1.68B	$2.48B	$2.91B	$3.83B	$3.60B	$1.68B	$1.66B	$-1.23B	$1.97B	$4.45B	$5.43B	$11.68B
Liabilities + Equity	$29.14B	$24.02B	$26.04B	$29.15B	$23.18B	$14.90B	$12.53B	$10.63B	$23.36B	$30.68B	$32.88B	$40.47B
Shares Outstanding	190,376,607	198,604,003	208,130,950	229,561,030	243,753,899	244,231,933	248,996,189	283,650,039	316,743,089	315,443,011	314,190,042	336,662,624

Cash Flow 19

Annual Cash Flow data for NRG
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$1.41B	$1.40B	$1.29B	$720M	$785M	$435M	$373M	$421M	$596M	$756M	$1.35B	$1.52B
Stock-based Comp	$134M	$102M	$101M	$28M	$21M	$22M	$20M	$25M	$35M	$10M	$39M	$42M
Deferred Tax	$222M	$181M	$-109M	$371M	$621M	$225M	$-3.34B	$1M	$-63M	$19M	$1.34B	$-5M
Amort. of Intangibles	$673M	$876M	$1.00B	$490M	$495M	$168M	$134M	$133M	$166M	$157M	$238M	$268M
Other Non-cash	$-713M	$-505M	$-1.14B	$-1.89B	$-3.12B	$645M	$-426M	$412M	$2.32B	$1.40B	$4.49B	$-184M
Operating Cash Flow	$1.91B	$2.31B	$-221M	$360M	$493M	$1.84B	$1.41B	$1.38B	$1.61B	$1.91B	$1.35B	$1.51B
CapEx	$1.15B	$472M	$598M	$367M	$269M	$230M	$228M	$388M	$254M	$544M	$1.03B	$909M
Investing Cash Flow	$-1.64B	$-24M	$-910M	$-332M	$-3.04B	$-494M	$556M	$-205M	$-639M	$-757M	$-1.53B	$-2.90B
Debt Issued	·	·	·	·	·	·	$1.92B	$1.10B	$1.18B	$4.41B	$1.00B	$4.56B
Net Debt Issued	·	·	·	·	·	·	$1.92B	$1.10B	$2.27B	$5.53B	$1.00B	$4.56B
Stock Issued	·	·	$0	$0	$1M	$1M	$3M	$21M	$-2M	$1M	$1M	$21M
Stock Repurchased	$1.31B	$935M	$1.15B	$600M	$48M	$229M	$1.44B	$1.25B	$0	$0	$437M	$39M
Net Stock Activity	$-1.31B	$-935M	$-1.17B	$-606M	$-47M	$-228M	$-1.44B	$-1.23B	$-2M	$1M	$-436M	$-18M
Dividends Paid	$411M	$405M	$381M	$332M	$319M	$295M	$32M	$37M	$38M	$76M	$201M	$196M
Financing Cash Flow	$3.55B	$-1.75B	$-400M	$1.04B	$-272M	$2.20B	$-2.15B	$-1.53B	$-1.14B	$-768M	$-432M	$1.26B
Net Change in Cash	$3.83B	$524M	$-1.53B	$1.07B	$-2.82B	$3.54B	$-228M	$-473M	$226M	$-182M	$-349M	$-138M
Taxes Paid	$67M	$182M	$48M	$66M	$32M	$24M	$8M	$9M	$9M	$14M	$12M	$-6M
Free Cash Flow	$766M	$1.83B	$-819M	$-7M	$224M	$1.61B	$1.19B	$989M	$276M	$828M	$26M	$601M
Levered FCF	·	·	$-1.45B	$-313M	$-147M	$1.34B	$-980M	$513M	$-619M	$-252M	$-1.40B	$-493M

Profitability 7

Annual Profitability data for NRG
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	6.0%	8.6%	1.3%	6.4%	12.4%	12.2%	13.1%	10.4%	-5.5%	4.3%	-27.5%	8.0%
Net Margin	2.8%	4.0%	-0.70%	3.9%	8.1%	5.6%	45.2%	2.8%	-20.3%	-6.3%	-43.5%	0.84%
Pretax Margin	3.7%	5.1%	-0.74%	5.3%	10.6%	8.4%	8.0%	4.9%	-14.5%	-7.1%	-34.7%	0.85%
EBITDA Margin	10.6%	13.6%	5.2%	8.4%	15.3%	16.9%	16.9%	14.8%	4.4%	15.3%	-16.9%	17.6%
ROA	3.2%	4.5%	-0.73%	4.7%	11.5%	3.7%	38.3%	1.6%	-8.0%	-2.5%	-17.4%	0.36%
ROE	43.5%	45.0%	-6.3%	27.3%	57.0%	28.2%	10202.3%	-24.7%	-67.1%	-15.7%	-74.6%	1.2%
ROIC	83.6%	76.0%	12.5%	38.7%	71.0%	44.1%	407.8%	-78.4%	-30.0%	12.1%	-93.9%	10.6%

Liquidity & Solvency 3

Annual Liquidity & Solvency data for NRG
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.6	1.0	1.0	1.3	1.4	3.1	1.3	1.5	1.3	1.5	1.7	1.8
Quick Ratio	1.1	0.5	0.4	0.4	0.4	2.5	0.6	0.7	0.6	0.7	0.6	0.7
Interest Coverage	·	·	0.6	4.8	6.9	2.8	3.1	2.0	-0.7	0.5	-3.6	1.1

Efficiency 3

Annual Efficiency data for NRG
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover	1.2	1.1	1.0	1.2	1.4	0.7	0.8	0.6	0.4	0.4	0.4	0.4
Inventory Turnover	·	·	·	·	·	18.4	18.4	16.4	12.0	7.2	8.6	11.0
Receivables Turnover	8.1	8.0	6.9	7.9	13.0	9.4	9.6	9.9	9.9	10.6	11.8	12.5

Per Share 7

Annual Per Share data for NRG
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$8.83	$12.48	$13.96	$16.68	$14.77	$6.88	$6.66	$-4.35	$6.21	$14.09	$17.30	$34.68
Revenue / Share	$154.34	$132.69	$126.42	$133.66	$110.16	$36.96	$37.20	$30.77	·	$39.09	$44.60	$46.81
Cash Flow / Share	$9.61	$10.88	$-0.97	$1.53	$2.01	$7.47	$5.35	$4.47	·	$6.56	$3.98	$4.45
Cash / Share	$24.73	$4.86	$2.60	$1.87	$1.03	$15.99	$1.39	$1.98	$3.13	$6.25	$4.83	$6.29
Dividend / Share	$2	$2	·	·	·	·	·	$0	$0	$0	$1	$1
Dividend Paid / Share	$2	$2	$2	$1	$1	$1	$0	$0	$0	·	$0	$0
EPS (TTM)	$4.01	$4.99	$-1.12	$5.17	$8.93	$2.07	$16.81	$0.87	$-6.79	$-2.22	$-19.46	$0.23

Growth Rates 10

Annual Growth Rates data for NRG
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	9.2%	-2.4%	-8.6%	16.9%	196.8%	·	·	·	·	·	·	·
Revenue CAGR 3Y	-0.88%	1.4%	46.9%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	27.6%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	-19.6%	·	·	-42.1%	331.4%	·	·	·	·	·	·	·
EPS CAGR 3Y	-8.1%	-17.6%	·	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	14.1%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	-23.2%	·	·	-44.2%	328.8%	·	·	·	·	·	·	·
Net Income CAGR 3Y	-10.9%	-19.9%	·	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	11.1%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	6.9%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 13

Annual Valuation (TTM) data for NRG
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$30.71B	$28.13B	$28.82B	$31.54B	$26.99B	$9.09B	$9.82B	$9.48B	$9.07B	$8.91B	$12.33B	$15.87B
Net Income TTM	$864M	$1.12B	$-202M	$1.22B	$2.19B	$510M	$4.44B	$268M	$-2.15B	$-774M	$-6.38B	$134M
Market Cap	$30.32B	$17.92B	$10.76B	$7.30B	$10.50B	$9.17B	$9.90B	$11.23B	$9.02B	$3.87B	$3.70B	$9.07B
P/E	39.7	18.1	-46.2	6.2	4.8	18.1	2.4	45.5	-4.2	-5.5	-0.6	117.2
P/S	1.0	0.6	0.4	0.2	0.4	1.0	1.0	1.2	1.0	0.4	0.3	0.6
P/B	18.0	7.2	3.7	1.9	2.9	5.5	6.0	-9.1	4.6	0.9	0.7	0.8
P / Tangible Book	·	·	·	158.8	·	21.2	·	·	·	·	·	·
P / Cash Flow	15.8	7.8	-48.7	20.3	21.3	5.0	7.0	8.2	6.5	1.9	2.8	6.0
P / FCF	39.6	9.8	-13.1	-1043.5	46.9	5.7	8.4	11.4	32.7	4.7	142.2	15.1
Dividend Yield	1.4%	2.3%	3.5%	4.5%	3.0%	3.2%	0.32%	0.33%	0.42%	2.0%	5.4%	2.2%
Earnings Yield	2.5%	5.5%	-2.2%	16.2%	20.7%	5.5%	42.3%	2.2%	-23.8%	-18.1%	-165.3%	0.85%
Payout Ratio	47.6%	36.0%	-188.6%	27.2%	14.6%	57.8%	0.72%	13.8%	-1.8%	-9.8%	·	·
Annual Payout	$411M	$405M	$381M	$332M	$319M	$295M	$32M	$37M	$38M	$76M	$201M	$196M

Income Statement 14

Quarterly Income Statement data for NRG
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$10.26B	$7.75B	$7.63B	$6.74B	$8.59B	$6.82B	$7.22B	$6.66B	$7.43B	$6.81B	$7.95B	$6.35B	$7.72B	$7.86B	$8.51B	$7.28B
SG&A Expense	$593M	$717M	$612M	$724M	$549M	$606M	$645M	$545M	$549M	$544M	$602M	$522M	$426M	$69M	$378M	$351M
Operating Expenses	$9.93B	$7.44B	$7.22B	$6.74B	$7.44B	$5.86B	$8.24B	$5.25B	$6.55B	$7.35B	$7.38B	$5.82B	$9.46B	$9.17B	$8.38B	$6.56B
Operating Income	$328M	$297M	$414M	$0	$1.13B	$954M	$-812M	$1.41B	$872M	$837M	$561M	$530M	$-1.54B	$-1.32B	$156M	$754M
Interest Expense	·	·	·	·	·	·	·	·	$152M	·	$173M	$151M	$148M	·	$105M	$105M
Other Non-op	$40M	$42M	$10M	$4M	$14M	$6M	$5M	$3M	$30M	$4M	$14M	$13M	$16M	$23M	$21M	$12M
Pretax Income	$83M	$64M	$238M	$-153M	$985M	$715M	$-1.01B	$1.05B	$695M	$653M	$408M	$397M	$-1.67B	$-1.39B	$83M	$665M
Income Tax	$-42M	$-2M	$86M	$-49M	$235M	$72M	$-247M	$314M	$184M	$171M	$65M	$89M	$-336M	$-297M	$16M	$152M
Net Income	$125M	$66M	$152M	$-104M	$750M	$643M	$-767M	$738M	$511M	$482M	$343M	$308M	$-1.33B	$-1.09B	$67M	$513M
EPS (Basic)	$0.52	$0.31	$0.70	$-0.62	$3.70	$3.10	$-3.79	$3.47	$2.36	$2.02	$1.42	$1.26	$-5.82	$-4.45	$0.29	$2.16
EPS (Diluted)	$0.52	$0.33	$0.69	$-0.62	$3.61	$3.10	$-3.79	$3.37	$2.31	$2.04	$1.41	$1.25	$-5.82	$-4.45	$0.29	$2.16
Shares (Basic)	207,000,000	-392,000,000	193,000,000	196,000,000	198,000,000	-418,000,000	207,000,000	208,000,000	209,000,000	-463,000,000	230,000,000	231,000,000	230,000,000	-478,000,000	235,000,000	237,000,000
Shares (Diluted)	208,000,000	-395,000,000	195,000,000	196,000,000	203,000,000	-423,000,000	207,000,000	214,000,000	214,000,000	-466,000,000	232,000,000	232,000,000	230,000,000	-478,000,000	235,000,000	237,000,000
EBITDA	$760M	·	$774M	$344M	$1.46B	·	$-460M	$1.70B	$1.14B	·	$869M	$845M	$-1.35B	·	$301M	$911M

Balance Sheet 26

Quarterly Balance Sheet data for NRG
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$178M	$4.71B	$732M	$180M	$693M	$966M	$1.10B	$376M	$278M	$541M	$401M	$422M	$407M	$430M	$333M	$580M
Receivables	$3.78B	$4.07B	$3.33B	$3.42B	$3.51B	$3.49B	$3.26B	$3.40B	$3.33B	·	$3.76B	$3.27B	$3.52B	·	$4.06B	$3.86B
Inventory	$665M	$461M	$452M	$451M	$373M	$478M	$540M	$623M	$581M	·	$630M	$686M	$722M	·	$772M	$604M
Prepaid Expense	$1.38B	$1.07B	$969M	$987M	$899M	$830M	$782M	$797M	$712M	·	$601M	$580M	$505M	·	$417M	$470M
Current Assets	$9.92B	$13.15B	$8.12B	$8.20B	$9.88B	$8.96B	$8.61B	$9.81B	$9.27B	·	$9.47B	$10.12B	$10.21B	·	$18.96B	$21.15B
Accum. Depreciation	$1.77B	·	$1.70B	$1.63B	$1.57B	·	$1.47B	$1.42B	$1.35B	·	$1.39B	$1.35B	$1.52B	·	$1.46B	$1.39B
Goodwill	$8.88B	$5.02B	$5.01B	$5.02B	$5.01B	$5.01B	$5.02B	$5.06B	$5.08B	$5.08B	$5.14B	$5.14B	$5.34B	$1.65B	$1.65B	$1.66B
Intangibles	·	$2.31B	·	·	·	$2.91B	·	·	·	·	·	·	$4.42B	·	$2.23B	$2.45B
Other Non-current Assets	$1.60B	$1.48B	$1.48B	$1.31B	$1.19B	$1.15B	$1.12B	$981M	$842M	·	$739M	$536M	$354M	·	$224M	$233M
Total Assets	$40.05B	$29.14B	$23.97B	$24.09B	$24.99B	$24.02B	$23.72B	$25.76B	$25.40B	·	$27.91B	$28.99B	$29.70B	·	$32.24B	$34.34B
Accounts Payable	$2.48B	$2.83B	$2.32B	$2.54B	$2.36B	$2.51B	$1.99B	$2.11B	$2.03B	·	$2.20B	$2.11B	$2.33B	·	$2.87B	$2.93B
Accrued Liabilities	·	$1.86B	·	·	·	$2.03B	·	·	·	·	·	·	·	·	·	·
Current Liabilities	$11.85B	$8.03B	$7.71B	$8.78B	$9.30B	$8.81B	$7.35B	$8.30B	$9.18B	·	$8.93B	$9.88B	$10.33B	·	$14.37B	$16.44B
Capital Leases	$165M	$144M	$143M	$134M	$125M	$117M	$125M	$144M	$124M	·	$148M	$165M	$196M	·	$197M	$201M
Deferred Tax	$139M	$15M	$12M	$12M	$12M	$12M	$8M	$8M	$8M	·	$129M	$130M	$133M	·	$84M	$71M
Other Non-current Liabilities	$920M	$861M	$911M	$883M	$847M	$821M	$913M	$919M	$939M	·	$977M	$988M	$1.03B	·	$922M	$976M
Total Liabilities	$35.18B	$27.46B	$22.00B	$21.80B	$22.21B	$21.54B	$21.20B	$22.14B	$22.10B	·	$24.39B	$25.66B	$26.62B	·	$27.11B	$29.04B
Long-term Debt	$23.18B	·	$11.93B	$10.94B	$10.81B	·	$10.86B	$10.86B	$10.84B	·	$11.86B	$12.27B	$12.52B	·	$8.04B	$8.03B
Total Debt	$23.15B	·	$11.93B	$10.94B	$10.81B	·	$10.68B	$10.69B	$10.66B	·	$11.66B	$12.06B	$12.30B	·	$8.04B	$8.03B
Common Stock	$2M	$2M	$2M	$2M	$2M	$2M	$3M	$3M	$3M	·	$4M	$4M	$4M	·	$4M	$4M
Retained Earnings	$1.97B	$1.98B	$2.00B	$1.97B	$2.16B	$1.53B	$977M	$1.86B	$1.21B	·	$425M	$205M	$-15M	·	$2.58B	$2.60B
Treasury Stock	$1.53B	$1.09B	$745M	$538M	$440M	$297M	$2.15B	$2.02B	$1.97B	·	$5.91B	$5.86B	$5.86B	·	$5.75B	$5.63B
AOCI	$-84M	$-81M	$-105M	$-101M	$-115M	$-117M	$-105M	$-103M	$-100M	·	$-177M	$-170M	$-176M	·	$-154M	$-120M
Stockholders' Equity	$4.87B	$1.68B	$1.97B	$2.29B	$2.78B	$2.48B	$2.52B	$3.62B	$3.30B	$2.91B	$3.52B	$3.33B	$3.08B	$3.83B	$5.13B	$5.30B
Liabilities + Equity	$40.05B	$29.14B	$23.97B	$24.09B	$24.99B	$24.02B	$23.72B	$25.76B	$25.40B	·	$27.91B	$28.99B	$29.70B	·	$32.24B	$34.34B
Shares Outstanding	212,762,887	190,376,607	192,255,304	194,630,094	196,462,125	198,604,003	204,929,327	207,498,428	208,166,262	208,130,950	229,336,853	230,425,759	229,956,438	229,561,030	232,125,137	235,146,021

Cash Flow 15

Quarterly Cash Flow data for NRG
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
D&A	$432M	$376M	$360M	$344M	$326M	$358M	$352M	$360M	$333M	$431M	$359M	$315M	$190M	$235M	$145M	$157M
Stock-based Comp	$41M	$51M	$21M	$33M	$29M	$20M	$25M	$27M	$30M	$14M	$26M	$31M	$30M	$7M	$7M	$8M
Amort. of Intangibles	$130M	$213M	$152M	$155M	$153M	$266M	$192M	$217M	$201M	$378M	$244M	·	·	·	·	·
Other Non-cash	$-767M	·	·	·	$-250M	·	·	·	$-542M	·	·	·	$-483M	·	·	·
Operating Cash Flow	$-169M	$123M	$484M	$451M	$855M	$952M	$31M	$1.06B	$267M	$241M	$566M	$570M	$-1.60B	$-1.40B	$-1.43B	$1.51B
CapEx	$317M	$298M	$254M	$378M	$217M	$186M	$114M	$103M	$69M	$105M	$169M	$182M	$142M	$117M	$100M	$90M
Investing Cash Flow	$-7.07B	$-298M	$-258M	$-948M	$-134M	$-187M	$364M	$-109M	$-92M	$1.72B	$-129M	$-152M	$-2.35B	$-127M	$-86M	$-39M
Stock Issued	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$0	$0
Stock Repurchased	$481M	$353M	$355M	$289M	$314M	$619M	$226M	$90M	$0	$1.10B	$34M	$-8M	$8M	$116M	$118M	$178M
Net Stock Activity	$-481M	·	·	·	$-314M	·	·	·	·	·	·	·	$-8M	·	·	·
Dividends Paid	·	·	·	·	·	·	·	·	·	·	·	$87M	$87M	$80M	$84M	$83M
Financing Cash Flow	$2.65B	$4.09B	$215M	$-297M	$-458M	$-714M	$-350M	$-403M	$-288M	$-1.99B	$-572M	$-374M	$2.54B	$188M	$441M	$127M
Net Change in Cash	$-4.59B	$3.91B	$442M	$-795M	$265M	$47M	$46M	$546M	$-115M	$-26M	$-138M	$44M	$-1.41B	$-1.33B	$-1.08B	$1.60B
Free Cash Flow	$-486M	·	·	·	$638M	·	·	·	$198M	·	·	·	$-1.74B	·	·	·
Levered FCF	·	·	·	·	·	·	·	·	$86M	·	·	·	$-1.86B	·	·	·

Profitability 7

Quarterly Profitability data for NRG
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Operating Margin	3.2%	·	5.4%	0.00%	13.2%	·	-11.2%	21.2%	11.7%	·	7.1%	8.3%	-20.0%	·	1.8%	10.3%
Net Margin	1.2%	·	2.0%	-1.5%	8.7%	·	-10.6%	11.1%	6.9%	·	4.3%	4.9%	-17.3%	·	0.79%	7.0%
Pretax Margin	0.81%	·	3.1%	-2.3%	11.5%	·	-14.0%	15.8%	9.4%	·	5.1%	6.2%	-21.6%	·	0.98%	9.1%
EBITDA Margin	7.4%	·	10.1%	5.1%	17.0%	·	-6.4%	25.4%	15.3%	·	10.9%	13.3%	-17.5%	·	3.5%	12.5%
ROA	0.38%	·	0.64%	-0.42%	3.0%	·	-3.0%	2.7%	1.8%	·	1.1%	0.97%	-4.5%	·	0.22%	1.8%
ROE	3.3%	·	6.8%	-3.5%	24.7%	·	-25.4%	21.2%	16.0%	·	7.9%	7.1%	-32.9%	·	1.5%	13.1%
ROIC	1.8%	·	1.9%	0.00%	6.4%	·	-4.7%	6.9%	4.6%	·	3.1%	2.7%	-8.0%	·	0.96%	4.4%

Liquidity & Solvency 5

Quarterly Liquidity & Solvency data for NRG
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Current Ratio	0.8	·	1.1	0.9	1.1	·	1.2	1.2	1.0	·	1.1	1.0	1.0	·	1.3	1.3
Quick Ratio	0.3	·	0.5	0.4	0.5	·	0.6	0.5	0.4	·	0.5	0.4	0.4	·	0.3	0.3
Debt / Equity	4.8	·	6.1	4.8	3.9	·	4.2	2.9	3.2	·	3.3	3.6	4.0	·	1.6	1.5
LT Debt / Equity	4.1	·	5.7	4.3	3.5	·	4.1	2.9	2.9	·	3.1	3.2	3.7	·	1.6	1.5
Interest Coverage	·	·	·	·	·	·	·	·	5.7	·	3.2	3.5	-10.4	·	1.5	7.2

Efficiency 2

Quarterly Efficiency data for NRG
Metric	Trend	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover		0.3	·	0.3	0.3	0.3	·	0.3	0.2	0.3	·	0.3	0.2	0.3	·	0.3	0.3
Receivables Turnover		2.8	·	2.3	2.0	2.5	·	2.1	2.0	2.2	·	2.0	1.8	2.3	·	2.4	2.2

Per Share 7

Quarterly Per Share data for NRG
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Book Value / Share	$22.91	·	$10.25	$11.76	$14.13	·	$12.30	$17.46	$15.84	·	$15.34	$14.46	$13.39	·	$22.10	$22.54
Revenue / Share	$49.31	·	$39.15	$34.39	$42.29	·	$34.89	$31.12	$34.72	·	$34.25	$27.36	$33.57	·	$36.21	$30.73
Cash Flow / Share	$-0.81	·	·	·	$4.21	·	·	·	$1.25	·	·	·	$-6.95	·	·	·
Cash / Share	$0.84	·	$3.81	$0.92	$3.53	·	$5.39	$1.81	$1.34	·	$1.75	$1.83	$1.77	·	$1.43	$2.47
Dividend / Share	$0	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Dividend Paid / Share	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
EPS (TTM)	$4.20	·	$-0.11	$2.57	$5.50	·	$3.30	$8.34	$-0.85	·	$-2.87	$-2.12	$3.80	·	$16.22	$20.33

Valuation (TTM) 15

Quarterly Valuation (TTM) data for NRG
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$33.22B	·	$30.18B	$29.21B	$29.90B	·	$29.26B	$28.38B	$29.45B	·	$30.53B	$29.86B	$31.41B	·	$30.30B	$27.03B
Net Income TTM	$923M	·	$31M	$617M	$1.23B	·	$825M	$1.90B	$-173M	·	$-617M	$-447M	$981M	·	$3.93B	$4.95B
Market Cap	$31.09B	·	$31.14B	$31.25B	$18.75B	·	$18.67B	$16.16B	$14.09B	·	$8.83B	$8.62B	$7.89B	·	$8.88B	$8.98B
Enterprise Value	$54.07B	·	$42.34B	$42.02B	$28.87B	·	$28.25B	$26.47B	$24.47B	·	$20.09B	$20.25B	$19.78B	·	$16.59B	$16.43B
P/E	34.8	·	-1472.3	62.5	17.4	·	27.6	9.3	-79.6	·	-13.4	-17.6	9.0	·	2.4	1.9
P/S	0.9	·	1.0	1.1	0.6	·	0.6	0.6	0.5	·	0.3	0.3	0.3	·	0.3	0.3
P/B	6.4	·	15.8	13.7	6.8	·	7.4	4.5	4.3	·	2.5	2.6	2.6	·	1.7	1.7
P / Tangible Book	·	·	·	·	·	·	·	·	·	·	·	·	·	·	7.1	7.5
P / Cash Flow	-184.0	·	·	·	21.9	·	·	·	52.8	·	·	·	-4.9	·	·	·
P / FCF	-64.0	·	·	·	29.4	·	·	·	71.2	·	·	·	-4.5	·	·	·
EV / EBITDA	71.1	·	54.7	122.1	19.8	·	-61.4	15.6	21.5	·	23.1	24.0	-14.6	·	55.1	18.0
EV / FCF	-111.3	·	·	·	45.3	·	·	·	123.6	·	·	·	-11.4	·	·	·
EV / Revenue	1.6	·	1.4	1.4	1.0	·	1.0	0.9	0.8	·	0.7	0.7	0.6	·	0.5	0.6
Earnings Yield	2.9%	·	-0.07%	1.6%	5.8%	·	3.6%	10.7%	-1.3%	·	-7.4%	-5.7%	11.1%	·	42.4%	53.3%
Payout Ratio	·	·	·	·	·	·	·	·	·	·	·	·	-6.5%	·	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$30.71B	$28.13B	$28.82B	$31.54B	$26.99B
Operating Margin %	6.0%	8.6%	1.3%	6.4%	12.4%
Net Income	$864M	$1.12B	$-202M	$1.22B	$2.19B
Diluted EPS	$4.01	$4.99	$-1.12	$5.17	$8.93

Balance Sheet

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Current Ratio	1.6	1.0	1.0	1.3	1.4
Quick Ratio	1.1	0.5	0.4	0.4	0.4

Cash Flow

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$766M	$1.83B	$-819M	$-7M	$224M

Latest News Recent headlines mentioning this company

NRG Energy (NRG) Appoints Glenn Wright to Board of Directors Yahoo Finance · 4 weeks ago
NRG Energy (NRG) Reports Mixed Q1 Results, Reaffirms FY 2026 Guidance Yahoo Finance · 1 month, 3 weeks ago
NRG Energy (NRG) Reports Q1 Adjusted EPS $1.49 Yahoo Finance · 1 month, 3 weeks ago
NRG Energy Annual Meeting: Shareholder Special-Meeting Proposal Passes as CEO Larry Coben Steps Down Yahoo Finance · 2 months ago

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NRG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

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Oscillators

Momentum & trend

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Dividends Yield, payout ratio, dividend history, 5Y CAGR

NRG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Peer Comparison Key metrics vs sector peers

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Latest News Recent headlines mentioning this company

My Metrics Your personal watchlist — selected rows from Full Fundamentals