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NRG Energy, Inc

NRG · CIK 0001013871

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$30.35B9.4%
FY2025
Net income (FY)
$864.0M23.2%
FY2025
Free cash flow (FY)
$766.0M58.2%
FY2025
Diluted EPS (FY)
$4.0119.6%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$20BFY2007 · Revenue $5.99B · Net income $573.0M · 0000950123-10-015824 · filed 2010-02-23FY07Revenue $5.99BNet income $573.0M0000950123-10-015824 · filed 2010-02-23FY2008 · Revenue $6.88B · Net income $1.23B · 0001047469-11-001125 · filed 2011-02-22FY08Revenue $6.88BNet income $1.23B0001047469-11-001125 · filed 2011-02-22FY2009 · Revenue $8.95B · Net income $942.0M · 0001445305-12-000493 · filed 2012-02-28FY09Revenue $8.95BNet income $942.0M0001445305-12-000493 · filed 2012-02-28FY2010 · Revenue $8.85B · Net income $477.0M · 0001013871-13-000003 · filed 2013-02-27FY10Revenue $8.85BNet income $477.0M0001013871-13-000003 · filed 2013-02-27FY2011 · Revenue $9.08B · Net income $197.0M · 0001013871-14-000019 · filed 2014-09-10FY11Revenue $9.08BNet income $197.0M0001013871-14-000019 · filed 2014-09-10FY2012 · Revenue $8.42B · Net income $295.0M · 0001013871-15-000004 · filed 2015-02-27FY12Revenue $8.42BNet income $295.0M0001013871-15-000004 · filed 2015-02-27FY2013 · Revenue $11.29B · Net income −$386.0M · 0001013871-16-000022 · filed 2016-02-29FY13Revenue $11.29BNet income −$386.0M0001013871-16-000022 · filed 2016-02-29FY2014 · Revenue $15.87B · Net income $134.0M · 0001013871-17-000007 · filed 2017-02-28FY14Revenue $15.87BNet income $134.0M0001013871-17-000007 · filed 2017-02-28FY2015 · Revenue $12.33B · Net income −$6.38B · 0001013871-18-000011 · filed 2018-03-01FY15Revenue $12.33BNet income −$6.38B0001013871-18-000011 · filed 2018-03-01FY2016 · Revenue $8.91B · Net income −$774.0M · 0001013871-19-000007 · filed 2019-02-28FY16Revenue $8.91BNet income −$774.0M0001013871-19-000007 · filed 2019-02-28FY2017 · Revenue $9.07B · Net income −$2.15B · 0001013871-20-000013 · filed 2020-02-27FY17Revenue $9.07BNet income −$2.15B0001013871-20-000013 · filed 2020-02-27FY2018 · Revenue $8.15B · Net income $268.0M · 0001013871-21-000005 · filed 2021-03-01FY18Revenue $8.15BNet income $268.0M0001013871-21-000005 · filed 2021-03-01FY2019 · Revenue $7.99B · Net income $4.44B · 0001013871-22-000010 · filed 2022-02-24FY19Revenue $7.99BNet income $4.44B0001013871-22-000010 · filed 2022-02-24FY2020 · Revenue $8.69B · Net income $510.0M · 0001013871-23-000004 · filed 2023-02-23FY20Revenue $8.69BNet income $510.0M0001013871-23-000004 · filed 2023-02-23FY2021 · Revenue $26.78B · Net income $2.19B · 0001013871-24-000005 · filed 2024-02-28FY21Revenue $26.78BNet income $2.19B0001013871-24-000005 · filed 2024-02-28FY2022 · Revenue $31.49B · Net income $1.22B · 0001013871-25-000006 · filed 2025-02-26FY22Revenue $31.49BNet income $1.22B0001013871-25-000006 · filed 2025-02-26FY2023 · Revenue $28.26B · Net income −$202.0M · 0001013871-26-000004 · filed 2026-02-24FY23Revenue $28.26BNet income −$202.0M0001013871-26-000004 · filed 2026-02-24FY2024 · Revenue $27.75B · Net income $1.13B · 0001013871-26-000004 · filed 2026-02-24FY24Revenue $27.75BNet income $1.13B0001013871-26-000004 · filed 2026-02-24FY2025 · Revenue $30.35B · Net income $864.0M · 0001013871-26-000004 · filed 2026-02-24FY25Revenue $30.35BNet income $864.0M0001013871-26-000004 · filed 2026-02-24FY25Revenue $30.35BNet income $864.0M0001013871-26-000004 · filed 2026-02-24FY07FY10FY13FY16FY19FY22FY25

revenue 5.1× since FY2007 · net margin 9.6% → 2.8%

MarginsNet marginFCF margin
-50%0%50%FY2007 · Net margin 9.6% · FCF margin 17.3%FY07Net margin 9.6%FCF margin 17.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 17.8% · FCF margin 8.4%FY08Net margin 17.8%FCF margin 8.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 10.5% · FCF margin 15.3%FY09Net margin 10.5%FCF margin 15.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 5.4% · FCF margin 10.4%FY10Net margin 5.4%FCF margin 10.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 2.2% · FCF margin -12.6%FY11Net margin 2.2%FCF margin -12.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 3.5% · FCF margin -26.7%FY12Net margin 3.5%FCF margin -26.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin -3.4% · FCF margin -6.3%FY13Net margin -3.4%FCF margin -6.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 0.8% · FCF margin 3.8%FY14Net margin 0.8%FCF margin 3.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin -51.8% · FCF margin 2.6%FY15Net margin -51.8%FCF margin 2.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin -8.7% · FCF margin 15.3%FY16Net margin -8.7%FCF margin 15.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin -23.7% · FCF margin 14.9%FY17Net margin -23.7%FCF margin 14.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 3.3% · FCF margin 12.1%FY18Net margin 3.3%FCF margin 12.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 55.5% · FCF margin 14.8%FY19Net margin 55.5%FCF margin 14.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 5.9% · FCF margin 18.5%FY20Net margin 5.9%FCF margin 18.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 8.2% · FCF margin 0.8%FY21Net margin 8.2%FCF margin 0.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 3.9% · FCF margin -0.0%FY22Net margin 3.9%FCF margin -0.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin -0.7% · FCF margin -2.9%FY23Net margin -0.7%FCF margin -2.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 4.1% · FCF margin 6.6%FY24Net margin 4.1%FCF margin 6.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 2.8% · FCF margin 2.5%FY25Net margin 2.8%FCF margin 2.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 2.8%FCF margin 2.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 2.8% · free cash flow 2.5% of revenue

Cash engineOperating cash flowFree cash flow
−$2B$0$2BFY2007 · OCF $1.52B · FCF $1.04B · 0000950123-10-015824 · filed 2010-02-23FY07OCF $1.52BFCF $1.04B0000950123-10-015824 · filed 2010-02-23FY2008 · OCF $1.48B · FCF $580.0M · 0001047469-11-001125 · filed 2011-02-22FY08OCF $1.48BFCF $580.0M0001047469-11-001125 · filed 2011-02-22FY2009 · OCF $2.11B · FCF $1.37B · 0001445305-12-000493 · filed 2012-02-28FY09OCF $2.11BFCF $1.37B0001445305-12-000493 · filed 2012-02-28FY2010 · OCF $1.62B · FCF $917.0M · 0001013871-13-000003 · filed 2013-02-27FY10OCF $1.62BFCF $917.0M0001013871-13-000003 · filed 2013-02-27FY2011 · OCF $1.17B · FCF −$1.14B · 0001013871-14-000019 · filed 2014-09-10FY11OCF $1.17BFCF −$1.14B0001013871-14-000019 · filed 2014-09-10FY2012 · OCF $1.15B · FCF −$2.25B · 0001013871-15-000004 · filed 2015-02-27FY12OCF $1.15BFCF −$2.25B0001013871-15-000004 · filed 2015-02-27FY2013 · OCF $1.27B · FCF −$717.0M · 0001013871-16-000022 · filed 2016-02-29FY13OCF $1.27BFCF −$717.0M0001013871-16-000022 · filed 2016-02-29FY2014 · OCF $1.51B · FCF $601.0M · 0001013871-17-000007 · filed 2017-02-28FY14OCF $1.51BFCF $601.0M0001013871-17-000007 · filed 2017-02-28FY2015 · OCF $1.35B · FCF $320.0M · 0001013871-18-000011 · filed 2018-03-01FY15OCF $1.35BFCF $320.0M0001013871-18-000011 · filed 2018-03-01FY2016 · OCF $1.91B · FCF $1.36B · 0001013871-19-000007 · filed 2019-02-28FY16OCF $1.91BFCF $1.36B0001013871-19-000007 · filed 2019-02-28FY2017 · OCF $1.61B · FCF $1.36B · 0001013871-20-000013 · filed 2020-02-27FY17OCF $1.61BFCF $1.36B0001013871-20-000013 · filed 2020-02-27FY2018 · OCF $1.38B · FCF $989.0M · 0001013871-21-000005 · filed 2021-03-01FY18OCF $1.38BFCF $989.0M0001013871-21-000005 · filed 2021-03-01FY2019 · OCF $1.41B · FCF $1.19B · 0001013871-22-000010 · filed 2022-02-24FY19OCF $1.41BFCF $1.19B0001013871-22-000010 · filed 2022-02-24FY2020 · OCF $1.84B · FCF $1.61B · 0001013871-23-000004 · filed 2023-02-23FY20OCF $1.84BFCF $1.61B0001013871-23-000004 · filed 2023-02-23FY2021 · OCF $493.0M · FCF $224.0M · 0001013871-24-000005 · filed 2024-02-28FY21OCF $493.0MFCF $224.0M0001013871-24-000005 · filed 2024-02-28FY2022 · OCF $360.0M · FCF −$7.0M · 0001013871-25-000006 · filed 2025-02-26FY22OCF $360.0MFCF −$7.0M0001013871-25-000006 · filed 2025-02-26FY2023 · OCF −$221.0M · FCF −$819.0M · 0001013871-26-000004 · filed 2026-02-24FY23OCF −$221.0MFCF −$819.0M0001013871-26-000004 · filed 2026-02-24FY2024 · OCF $2.31B · FCF $1.83B · 0001013871-26-000004 · filed 2026-02-24FY24OCF $2.31BFCF $1.83B0001013871-26-000004 · filed 2026-02-24FY2025 · OCF $1.91B · FCF $766.0M · 0001013871-26-000004 · filed 2026-02-24FY25OCF $1.91BFCF $766.0M0001013871-26-000004 · filed 2026-02-24FY25OCF $1.91BFCF $766.0M0001013871-26-000004 · filed 2026-02-24’09’13’17’21’25

FY2025: $1.91B operating cash − $1.15B capex = $766.0M free cash flow

Returns on capitalReturn on equityReturn on assets
0%200%FY2008 · ROE 17.2% · ROA 4.9%FY08ROE 17.2%ROA 4.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 12.2% · ROA 4.0%FY09ROE 12.2%ROA 4.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 5.9% · ROA 1.8%FY10ROE 5.9%ROA 1.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 2.6% · ROA 0.7%FY11ROE 2.6%ROA 0.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 2.9% · ROA 0.8%FY12ROE 2.9%ROA 0.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE -3.7% · ROA -1.1%FY13ROE -3.7%ROA -1.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 1.1% · ROA 0.3%FY14ROE 1.1%ROA 0.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE -117.4% · ROA -19.4%FY15ROE -117.4%ROA -19.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE -17.4% · ROA -2.5%FY16ROE -17.4%ROA -2.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE -109.4% · ROA -9.2%FY17ROE -109.4%ROA -9.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE -21.7% · ROA 2.5%FY18ROE -21.7%ROA 2.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 267.7% · ROA 35.4%FY19ROE 267.7%ROA 35.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 30.4% · ROA 3.4%FY20ROE 30.4%ROA 3.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 60.8% · ROA 9.4%FY21ROE 60.8%ROA 9.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 31.9% · ROA 4.2%FY22ROE 31.9%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE -7.0% · ROA -0.8%FY23ROE -7.0%ROA -0.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 45.4% · ROA 4.7%FY24ROE 45.4%ROA 4.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 51.4% · ROA 3.0%FY25ROE 51.4%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 51.4%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 17% (FY2008) → 51% (FY2025) · on assets 3.0%

Balance sheetLiabilitiesEquity
$0$20B$40BFY2008 · Liabilities $17.44B · Equity $7.12BFY08Liabilities $17.44BEquity $7.12B0000950123-10-015824 · filed 2010-02-23FY2009 · Liabilities $15.43B · Equity $7.70BFY09Liabilities $15.43BEquity $7.70B0001047469-11-001125 · filed 2011-02-22FY2010 · Liabilities $18.58B · Equity $8.07BFY10Liabilities $18.58BEquity $8.07B0001445305-12-000493 · filed 2012-02-28FY2011 · Liabilities $18.98B · Equity $7.67BFY11Liabilities $18.98BEquity $7.67B0001013871-13-000003 · filed 2013-02-27FY2012 · Liabilities $24.46B · Equity $10.27BFY12Liabilities $24.46BEquity $10.27B0001013871-14-000019 · filed 2014-09-10FY2013 · Liabilities $23.18B · Equity $10.47BFY13Liabilities $23.18BEquity $10.47B0001013871-15-000004 · filed 2015-02-27FY2014 · Liabilities $28.48B · Equity $11.68BFY14Liabilities $28.48BEquity $11.68B0001013871-16-000022 · filed 2016-02-29FY2015 · Liabilities $27.12B · Equity $5.43BFY15Liabilities $27.12BEquity $5.43B0001013871-17-000007 · filed 2017-02-28FY2016 · Liabilities $26.19B · Equity $4.45BFY16Liabilities $26.19BEquity $4.45B0001013871-18-000011 · filed 2018-03-01FY2017 · Liabilities $21.31B · Equity $1.97BFY17Liabilities $21.31BEquity $1.97B0001013871-19-000007 · filed 2019-02-28FY2018 · Liabilities $11.84B · Equity −$1.23BFY18Liabilities $11.84BEquity −$1.23B0001013871-20-000013 · filed 2020-02-27FY2019 · Liabilities $10.85B · Equity $1.66BFY19Liabilities $10.85BEquity $1.66B0001013871-21-000005 · filed 2021-03-01FY2020 · Liabilities $13.22B · Equity $1.68BFY20Liabilities $13.22BEquity $1.68B0001013871-22-000010 · filed 2022-02-24FY2021 · Liabilities $19.58B · Equity $3.60BFY21Liabilities $19.58BEquity $3.60B0001013871-23-000004 · filed 2023-02-23FY2022 · Liabilities $25.32B · Equity $3.83BFY22Liabilities $25.32BEquity $3.83B0001013871-24-000005 · filed 2024-02-28FY2023 · Liabilities $23.13B · Equity $2.91BFY23Liabilities $23.13BEquity $2.91B0001013871-25-000006 · filed 2025-02-26FY2024 · Liabilities $21.54B · Equity $2.48BFY24Liabilities $21.54BEquity $2.48B0001013871-26-000004 · filed 2026-02-24FY2025 · Liabilities $27.46B · Equity $1.68BFY25Liabilities $27.46BEquity $1.68B0001013871-26-000004 · filed 2026-02-24FY25Liabilities $27.46BEquity $1.68B0001013871-26-000004 · filed 2026-02-24’09’13’17’21’25

FY2025: $29.14B assets · $27.46B liabilities · $1.68B equity

The receipts