MARKETS / NYSE / NRG

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

Revenue

$30.3B

▲ 9.4% YoY

Net income

$864.0M

▼ 23.2% YoY

Free cash flow

$766.0M

▼ 58.2% YoY

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 30.3B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 30.3 · Net income 0.9

Compound annual growth

Revenue

−1.2%

+28.4%

+9.4%

+8.6%

Net income

−10.9%

+11.1%

+4.0%

EPS, diluted

−8.1%

+14.1%

Dividend / share

+7.9%

+8.0%

+11.7%

Returned to shareholders

+22.7%

+26.9%

+10.5%

+16.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +28.4% a year over five years — 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

3 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 6.1% · Net 2.8%

ROE

Not available in our data for this period.

Gross margin18.4%

Operating margin6.1%

Net margin2.8%

Return on assets3.3%

EBITDAUSD 3.3B

Cash & shareholders

USD 1.7B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 0.8

Net buybacks $B Dividends $B

FY2025 · Dividends 0.4 · Net buybacks 1.3

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×

Not available: we don't have the shareholders' equity figure for this period.

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

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	30.3	27.7	28.3	31.5	26.8	8.7	8.0	8.1	9.1	8.9	12.3	15.9	11.3	8.4	9.1	8.8	9.0	6.9	6.0
Operating income $B	1.8	2.4	0.4	2.0	3.3	1.1	1.3	1.0	−0.7	0.0	−4.1	1.3	0.3	0.3	0.6	1.3	2.2	2.3	1.6
EBITDA $B	3.3	3.8	1.7	2.7	4.1	1.5	1.7	1.4	−0.1	0.8	−2.7	2.8	1.6	1.3	1.5	2.1	3.0	2.9	2.2
Income tax $B	0.3	0.3	−0.0	0.4	0.7	0.3	−3.3	0.0	−0.0	0.0	1.3	0.0	−0.3	−0.3	−0.8	0.3	0.7	0.7	0.4
Net income $B	0.9	1.1	−0.2	1.2	2.2	0.5	4.4	0.3	−2.2	−0.8	−6.4	0.1	−0.4	0.3	0.2	0.5	0.9	1.2	0.6
Free cash flow $B	0.8	1.8	−0.8	−0.0	0.2	1.6	1.2	1.0	1.4	1.4	0.3	0.6	−0.7	−2.2	−1.1	0.9	1.4	0.6	1.0
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	−1.22	1.22	0.78	1.84	3.44	4.43	1.96
Dividend / sh $	1.76	1.63	1.51	1.40	1.30	1.20	0.12	0.12	0.12	0.24	0.58	0.54	0.45	0.18	0.00	0.00	·	·	·
Payout %	48	36	−189	27	15	58	1	14	−2	−10	−3	146	·	·	·	·	·	·	·
ROE %	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Shares out B	0.19	0.20	0.21	0.23	0.24	0.24	0.25	0.28	0.32	0.32	0.31	0.34	0.04	0.32	0.23	0.25	0.25	0.23	·

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

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 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityElectric Services

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2007