NRG Energy, Inc. (NRG) Stock Analysis
Utilities · Utilities - Independent Power Producers · NYSE
NRG Energy, Inc. (NRG) posted $30.71B in revenue for fiscal 2025 (up 9.2% year over year), at a 2.8% net margin, and has compounded revenue about 27.6%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on NRG Energy, Inc.
NRG Energy, Inc. has grown revenue from $8.91B to $30.71B over the last 10 fiscal years, compounding about 27.6% a year. The most recent year was up 9.2%, so growth has cooled from its longer-run pace.
Net margin sits at 2.8%, down 1.2 points year over year. It carries about $16.58B of total debt.
The one thing worth a second look in the filings is heavy debt load.
Synthesised from NRG Energy, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
NRG Energy, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.91B | $9.07B | $9.48B | $9.82B | $9.09B | $26.99B | $31.54B | $28.82B | $28.13B | $30.71B |
| Gross profit | $2.24B | $2.19B | $2.37B | $2.52B | $2.55B | — | — | — | — | — |
| Net income | $-774.00M | $-2.15B | $268.00M | $4.44B | $510.00M | $2.19B | $1.22B | $-202.00M | $1.13B | $864.00M |
| Net margin | -8.7% | -23.7% | 2.8% | 45.2% | 5.6% | 8.1% | 3.9% | -0.7% | 4.0% | 2.8% |
Source: NRG Energy, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
NRG Energy, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $16638M is 8.7× last year's operating cash flow — it would take years of cash flow to clear.
Explore 19 years of NRG Energy, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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NRG Energy, Inc. financial history by metric
Compare NRG Energy, Inc. with peers
About NRG Energy, Inc.
NRG Energy, Inc., together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through the Texas, East, West/Other, Vivint Smart Home, and Corporate Activities segments. The company offers retail electricity, energy management, demand response and virtual power plant programs, carbon offsets, smart home security, and automation services. It also offers system power, distributed and backup generation, energy storage, energy management, renewable and low-carbon products, and carbon management solutions for large business and commercial customers; a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions; and generation portfolio includes fossil fuel and renewable generation assets diversified by fuel type and dispatch level, with ongoing development of new natural gas and renewable projects. In addition, the company trades in power, natural gas, and related products; environmental products; weather products; and financial products, including forwards, futures, options, and swaps. It offers its products and services under the NRG, Reliant, Direct Energy, Green Mountain Energy, and Vivint. It serves residential, commercial, government, industrial, data center, and wholesale customers. NRG Energy, Inc. was founded in 1989 and is headquartered in Houston, Texas.
NRG Energy, Inc. — frequently asked questions
What is NRG Energy, Inc.'s revenue?
NRG Energy, Inc. (NRG) reported revenue of $30.71B for fiscal year 2025, up 9.2% from the prior year, according to its SEC filings.
Is NRG Energy, Inc. profitable?
Yes. NRG earned net income of $864.00M in fiscal 2025, a net margin of 2.8%.
What is NRG's P/E ratio?
NRG Energy, Inc. trades at a price-to-earnings ratio of about 147.6 based on the latest data in our nightly-refreshed cache.
How fast is NRG Energy, Inc. growing?
NRG's revenue grew at roughly 27.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does NRG Energy, Inc. have?
As of fiscal year 2025, NRG carried roughly $16.58B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is NRG Energy, Inc.'s market cap?
NRG Energy, Inc. (NRG) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does NRG Energy, Inc.'s fiscal year end?
NRG's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from NRG Energy, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.