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NYSE · ELECTRIC SERVICES · LARGE CAP

NRG Energy, Inc. NRG

19 fiscal years on record · USD · FY2025 reported · SEC filings only
6 YEARS OF DIVIDEND GROWTH
$30.7B
▲ 9.2% YoY
$864.0M
▼ 23.2% YoY
$766.0M
▼ 58.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

NRG Energy, Inc. serves electricity, natural gas and smart-home technology solutions to approximately 8 million residential customers, as well as to large commercial and industrial, data center and wholesale customers. Across North America it operates under brand names such as NRG, Reliant, Direct Energy, Green Mountain Energy and Vivint. At the end of 2025 the company had recurring electricity and natural gas sales in 25 U.S. states, the District of Columbia and 8 provinces in Canada, while Vivint Smart Home served customers in all 50 U.S. states and the District of Columbia. It sold 154 TWhs of electricity and 1,857 MMDth of natural gas in 2025. As of December 31, 2025, it owned a wholesale generation portfolio with approximately 12 GW of fossil fuel and renewable generation capacity at 23 plants. On that date NRG and its consolidated subsidiaries had 16,702 employees, including 7,929 active smart home direct sales and installation individuals. No customer comprised more than 10% of the company's consolidated revenues for the year ended December 31, 2025. The Company's business is divided into the following segments: Texas, East, West/Other, Vivint Smart Home and Corporate activities.

Written from the business description in NRG Energy, Inc's annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth

USD 30.7B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 30.7 · Net income 0.9
15.0B30.0B-2.5B-5.0B
2007201020132016201920222025
Compound annual growth
−0.9%
+27.6%
+9.6%
+8.6%
−10.9%
+11.1%
+4.0%
−8.1%
+14.1%
+7.9%
+8.0%
+11.7%
+22.7%
+26.9%
+10.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +27.6% a year over the five years to FY2025 — but profit grew slower: net income at +11.1%, earnings per share at +14.1%.

The share count fell from 0.24B to 0.19B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2020 · Operating 12.2% · Net 5.6%
10%20%30%-20%-40%
200720162025
ROE
FY2025 · ROE 41.5%
50%-20%-40%-60%
200720162025
Three returns, three denominators.
Gross margin·
Operating margin·
Net margin·
EBITDAUSD 3.3B

Each USD of equity produced 42 cents of profit this year.

Cash & shareholders

USD 1.7B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 0.8
1B2B-1B-2B
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.4 · Net buybacks 1.3
1B2BDividendsNet buybacks
2007201020132016201920222025
Dividends paidUSD 411.0M
Net buybacksUSD 1.3B
Share of profit199.3%
Consecutive raises6 years

USD 411.0M in dividends and USD 1.3B in buybacks — 199% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 29.1B
CashUSD 4.7B
Gross debtUSD 16.4B
Net debtUSD 11.7B
Current ratio1.64×

Net debt stands at 696% of equity.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
NRG, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B30.728.128.831.527.09.19.89.59.18.912.315.911.38.49.18.89.06.96.0
Operating income $B1.82.40.42.03.31.11.31.0−0.70.0−4.11.30.30.30.61.32.22.31.6
EBITDA $B3.33.81.72.74.11.51.71.4−0.10.8−2.72.81.61.31.52.13.02.92.2
Income tax $B0.30.3−0.00.40.70.3−3.30.0−0.00.01.30.0−0.3−0.3−0.80.30.70.70.4
Net income $B0.91.1−0.21.22.20.54.40.3−2.2−0.8−6.40.1−0.40.30.20.50.91.20.6
Free cash flow $B0.81.8−0.8−0.00.21.61.21.01.41.40.30.6−0.7−2.2−1.10.91.40.61.0
EPS, diluted $4.014.99−1.125.178.932.0716.810.87−6.79−2.22−19.460.23−1.221.220.781.843.444.431.96
Dividend / sh $1.761.631.511.401.301.200.120.120.120.240.580.540.450.180.000.00◌◌◌
Payout %4836−189271558114−2−10−3146———————
ROE %41.541.8−6.032.982.830.6——−67.1−15.7−74.61.2−3.73.32.56.012.719.410.4
Shares out B0.190.200.210.230.240.240.250.280.320.320.310.340.040.320.230.250.250.23◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityElectric Services
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2007

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