NRG Energy Inc. (NRG) reported $34.96B of revenue for the twelve months ended Sep 30, 2026. That is up 17.4% from the year before. Revenue for fiscal 2025 was $30.71B.

Yes. NRG Energy Inc. earned $1.26B in net income for the twelve months ended Sep 30, 2026, a net margin of 3.6%.

How much cash and debt does NRG have?

NRG Energy Inc. reported $148.00M in cash and cash equivalents and $22.92B of debt on its most recent balance sheet in SEC filings.

How fast is NRG revenue growing?

NRG Energy Inc.'s revenue changed +9.2% in fiscal 2025, to $30.71B. Its compound annual growth rate was +27.6% over 5 years and +9.6% over 10 years.

What is NRG free cash flow?

NRG Energy Inc. generated $689.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $2.17B less capital expenditures.

What is NRG earnings per share?

Diluted earnings per share were $5.75 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did NRG last report financial results?

The latest statements here come from NRG Energy Inc.'s 10-Q filed on Nov 9, 2026, covering the period ended Sep 30, 2026.

Where does this NRG financial data come from?

Quantisnow builds these statements from the structured XBRL data NRG Energy Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · NRG

NRG Energy Inc. (NRG) financials

For the twelve months ended Sep 30, 2026, NRG Energy Inc. reported $34.96B of revenue and $1.26B of net income.

Revenue, TTM: $34.96B
Revenue growth, YoY: +17.4%
Net income, TTM: $1.26B
Net income growth, YoY: -12.7%
Net margin: 3.6%
Free cash flow, TTM: $689.00M
EPS, diluted, TTM: $5.75
EPS growth, YoY: -15.2%
Cash: $148.00M
Total debt: $22.92B
P/E: 16.23
P/S: 0.58
Market cap: $20.41B

Annual revenue$30.71B

FY2016FY2025

Annual net income$864.00M

FY2016FY2025

Annual free cash flow$766.00M

FY2016FY2025

NRG revenue and earnings growth

NRG revenueQ3 2026$9.47B

Quarter YoY: +24.0%
QoQ: +26.5%
FY YoY: +9.2%
5Y CAGR: +27.6%
10Y CAGR: +9.6%

NRG revenue was $9.47B in fiscal Q3 2026 (ended Sep 30, 2026), up 24.0% from a year earlier and up 26.5% from the prior quarter. For the full fiscal 2025 it was $30.71B, up 9.2% from fiscal 2024. Compound annual growth was +27.6% over 5 years and +9.6% over 10 years. It rose in 6 of the last 10 fiscal years.

NRG net incomeQ3 2026$561.00M

Quarter YoY: +269.1%
QoQ: +10.9%
FY YoY: -23.2%
5Y CAGR: +11.1%

NRG net income was $561.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 269.1% from a year earlier and up 10.9% from the prior quarter. For the full fiscal 2025 it was $864.00M, down 23.2% from fiscal 2024. Compound annual growth was +11.1% over 5 years.

NRG EPSQ3 2026$2.59

Quarter YoY: +275.4%
QoQ: +12.1%
FY YoY: -19.6%
5Y CAGR: +14.1%

NRG diluted EPS was $2.59 in fiscal Q3 2026 (ended Sep 30, 2026), up 275.4% from a year earlier and up 12.1% from the prior quarter. For the full fiscal 2025 it was $4.01, down 19.6% from fiscal 2024. Compound annual growth was +14.1% over 5 years.

NRG free cash flowQ3 2026$571.00M

Quarter YoY: +148.3%
QoQ: -26.7%
FY YoY: -58.2%
5Y CAGR: -13.8%
10Y CAGR: +9.1%

NRG free cash flow was $571.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 148.3% from a year earlier and down 26.7% from the prior quarter. For the full fiscal 2025 it was $766.00M, down 58.2% from fiscal 2024. Compound annual growth was -13.8% over 5 years and +9.1% over 10 years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$30.71B	$28.13B	$28.82B	$31.54B	$26.99B	$9.09B	$9.82B	$9.48B	$9.07B	$8.91B
Cost of revenue	-	-	-	-	-	$6.54B	$7.30B	$7.11B	$6.89B	$6.68B
Gross profit	-	-	-	-	-	$2.55B	$2.52B	$2.37B	$2.19B	$2.24B
Research and development	-	-	-	-	-	$8.00M	$7.00M	$11.00M	$22.00M	$48.00M
Selling, general and admin	$2.60B	$2.35B	$2.09B	$1.15B	$1.29B	$810.00M	$760.00M	$799.00M	$836.00M	$1.03B
Operating income	$1.84B	$2.42B	$384.00M	$2.02B	$3.34B	$1.10B	$1.29B	$982.00M	-$741.00M	$33.00M
Interest expense	$741.00M	$651.00M	$667.00M	$417.00M	$485.00M	$401.00M	$413.00M	$483.00M	$557.00M	$583.00M
Pre-tax income	$1.13B	$1.45B	-$213.00M	$1.66B	$2.86B	$761.00M	$786.00M	$467.00M	-$1.39B	-$931.00M
Income tax	$270.00M	$323.00M	-$11.00M	$442.00M	$672.00M	$251.00M	-$3.33B	$7.00M	-$44.00M	$25.00M
Net income	$864.00M	$1.13B	-$202.00M	$1.22B	$2.19B	$510.00M	$4.44B	$268.00M	-$2.15B	-$774.00M
EPS, basic	$4.09	$5.14	-$1.12	$5.17	$8.93	$2.08	$16.94	$0.88	-$6.79	-$2.22
EPS, diluted	$4.01	$4.99	-$1.12	$5.17	$8.93	$2.07	$16.81	$0.87	-$6.79	-$2.22
Diluted shares	199.0M	212.0M	228.0M	236.0M	245.0M	246.0M	264.0M	308.0M	317.0M	316.0M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$4.71B	$966.00M	$541.00M	$430.00M	$250.00M	$3.90B	$345.00M	$563.00M	$770.00M	$591.00M
Receivables	$4.07B	$3.49B	$3.54B	$4.77B	$3.25B	$904.00M	$1.02B	$1.02B	$900.00M	$1.06B
Inventory	$461.00M	$478.00M	$607.00M	$751.00M	$498.00M	$327.00M	$383.00M	$412.00M	$453.00M	$721.00M
Current assets	$13.15B	$8.96B	$9.73B	$16.23B	$10.84B	$6.03B	$3.09B	$3.60B	$4.44B	$6.71B
Goodwill	$5.02B	$5.01B	$5.08B	$1.65B	$1.79B	$579.00M	$579.00M	$573.00M	$539.00M	$662.00M
Total assets	$29.14B	$24.02B	$26.04B	$29.15B	$23.18B	$14.90B	$12.53B	$10.63B	$23.36B	$30.68B
Current liabilities	$8.03B	$8.81B	$9.50B	$12.98B	$7.92B	$1.92B	$2.36B	$2.40B	$3.35B	$4.70B
Short-term debt	$31.00M	$996.00M	$620.00M	$63.00M	$4.00M	$1.00M	$88.00M	-	-	-
Long-term debt	$16.41B	$9.81B	$10.13B	$7.98B	$7.97B	$8.69B	$5.80B	$6.45B	$9.18B	$15.96B
Total debt	$16.44B	$10.81B	$10.75B	$8.04B	$7.97B	$8.69B	$5.89B	$6.45B	$9.18B	$15.96B
Total liabilities	$27.46B	$21.54B	$23.13B	$25.32B	$19.58B	$13.22B	$10.85B	$11.84B	$21.31B	$26.19B
Shareholders' equity	$1.68B	$2.48B	$2.91B	$3.83B	$3.60B	$1.68B	$1.66B	-$1.23B	$1.97B	$4.45B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$1.91B	$2.31B	-$221.00M	$360.00M	$493.00M	$1.84B	$1.41B	$1.38B	$1.61B	$1.91B
Capital expenditures	$1.15B	$472.00M	$598.00M	$367.00M	$269.00M	$230.00M	$228.00M	$388.00M	$254.00M	$544.00M
Free cash flow	$766.00M	$1.83B	-$819.00M	-$7.00M	$224.00M	$1.61B	$1.19B	$989.00M	$1.36B	$1.36B
Investing cash flow	-$1.64B	-$24.00M	-$910.00M	-$332.00M	-$3.04B	-$494.00M	$556.00M	-$205.00M	-$639.00M	-$757.00M
Financing cash flow	$3.55B	-$1.75B	-$400.00M	$1.04B	-$272.00M	$2.20B	-$2.15B	-$1.53B	-$1.14B	-$768.00M
Dividends paid	$411.00M	$405.00M	$381.00M	$332.00M	$319.00M	$295.00M	$32.00M	$37.00M	$38.00M	$76.00M
Share repurchases	$1.31B	$935.00M	$1.15B	$600.00M	$48.00M	$229.00M	$1.44B	$1.25B	$0	$0
Stock-based compensation	$134.00M	$102.00M	$101.00M	$28.00M	$21.00M	$22.00M	$20.00M	$25.00M	$35.00M	$10.00M
Depreciation and amortization	$1.41B	$1.40B	$1.29B	$720.00M	$785.00M	$435.00M	$373.00M	$421.00M	$596.00M	$756.00M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	9.2%	-2.4%	-8.6%	16.9%	196.8%	-7.4%	3.6%	4.5%	1.8%	-27.7%
Net income growth, YoY	-23.2%	-	-	-44.2%	328.8%	-88.5%	1556.0%	-	-	-
EPS growth, YoY	-19.6%	-	-	-42.1%	331.4%	-87.7%	1832.2%	-	-	-
Gross margin	-	-	-	-	-	28.1%	25.6%	25.0%	24.1%	25.1%
Operating margin	6.0%	8.6%	1.3%	6.4%	12.4%	12.2%	13.1%	10.4%	-8.2%	0.4%
Net margin	2.8%	4.0%	-0.7%	3.9%	8.1%	5.6%	45.2%	2.8%	-23.7%	-8.7%
Free cash flow margin	2.5%	6.5%	-2.8%	-0.0%	0.8%	17.7%	12.1%	10.4%	14.9%	15.3%
Return on equity	51.4%	45.4%	-7.0%	31.9%	60.8%	30.4%	267.7%	-	-109.4%	-17.4%
Return on assets	3.0%	4.7%	-0.8%	4.2%	9.4%	3.4%	35.4%	2.5%	-9.2%	-2.5%
Current ratio	1.64	1.02	1.02	1.25	1.37	3.15	1.31	1.50	1.32	1.43
Debt to equity	9.78	4.36	3.70	2.10	2.21	5.17	3.55	-	4.66	3.59

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$9.47B	$7.48B	$10.26B	$7.75B	$7.63B	$6.74B	$8.59B	$6.82B	$7.22B	$6.66B	$7.43B	$6.81B
Selling, general and admin	$619.00M	$562.00M	$593.00M	$717.00M	$612.00M	$724.00M	$549.00M	$606.00M	$645.00M	$545.00M	$549.00M	$592.00M
Operating income	$1.08B	$976.00M	$328.00M	$297.00M	$414.00M	$0	$1.13B	$954.00M	-$812.00M	$1.41B	$872.00M	$837.00M
Interest expense	$302.00M	$310.00M	$285.00M	$243.00M	$187.00M	$148.00M	$163.00M	$123.00M	$213.00M	$163.00M	$152.00M	$195.00M
Pre-tax income	$779.00M	$663.00M	$83.00M	$64.00M	$238.00M	-$153.00M	$985.00M	$715.00M	-$1.01B	$1.05B	$695.00M	$653.00M
Income tax	$218.00M	$157.00M	-$42.00M	-$2.00M	$86.00M	-$49.00M	$235.00M	$72.00M	-$247.00M	$314.00M	$184.00M	$171.00M
Net income	$561.00M	$506.00M	$125.00M	$66.00M	$152.00M	-$104.00M	$750.00M	$643.00M	-$767.00M	$738.00M	$511.00M	$482.00M
EPS, basic	$2.59	$2.32	$0.52	$0.31	$0.70	-$0.62	$3.70	$3.10	-$3.79	$3.47	$2.36	$2.02
EPS, diluted	$2.59	$2.31	$0.52	$0.33	$0.69	-$0.62	$3.61	$3.10	-$3.79	$3.37	$2.31	$2.04
Diluted shares	210.0M	212.0M	208.0M	-	195.0M	196.0M	203.0M	-	207.0M	214.0M	214.0M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$148.00M	$162.00M	$178.00M	$4.71B	$732.00M	$180.00M	$693.00M	$966.00M	$1.10B	$376.00M	$278.00M	$541.00M
Receivables	$3.93B	$3.53B	$3.78B	$4.07B	$3.33B	$3.42B	$3.51B	$3.49B	$3.26B	$3.40B	$3.33B	$3.54B
Inventory	$723.00M	$793.00M	$665.00M	$461.00M	$452.00M	$451.00M	$373.00M	$478.00M	$540.00M	$623.00M	$581.00M	$607.00M
Current assets	$9.75B	$9.65B	$9.92B	$13.15B	$8.12B	$8.20B	$9.88B	$8.96B	$8.61B	$9.81B	$9.27B	$9.73B
Goodwill	$8.81B	$8.81B	$8.88B	$5.02B	$5.01B	$5.02B	$5.01B	$5.01B	$5.02B	$5.06B	$5.08B	$5.08B
Total assets	$40.30B	$39.94B	$40.05B	$29.14B	$23.97B	$24.09B	$24.99B	$24.02B	$23.72B	$25.76B	$25.40B	$26.04B
Current liabilities	$9.82B	$9.97B	$11.85B	$8.03B	$7.71B	$8.78B	$9.30B	$8.81B	$7.35B	$8.30B	$9.18B	$9.50B
Short-term debt	$1.08B	$1.51B	$3.38B	$31.00M	$777.00M	$1.13B	$997.00M	$996.00M	$258.00M	$262.00M	$1.10B	$620.00M
Long-term debt	$21.84B	$21.74B	$19.78B	$16.41B	$11.15B	$9.81B	$9.81B	$9.81B	$10.42B	$10.43B	$9.56B	$10.13B
Total debt	$22.92B	$23.26B	$23.15B	$16.44B	$11.93B	$10.94B	$10.81B	$10.81B	$10.68B	$10.69B	$10.66B	$10.75B
Total liabilities	$35.02B	$35.09B	$35.18B	$27.46B	$22.00B	$21.80B	$22.21B	$21.54B	$21.20B	$22.14B	$22.10B	$23.13B
Shareholders' equity	$5.27B	$4.86B	$4.87B	$1.68B	$1.97B	$2.29B	$2.78B	$2.48B	$2.52B	$3.62B	$3.30B	$2.91B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$1.10B	$1.12B	-$169.00M	$123.00M	$484.00M	$451.00M	$855.00M	$952.00M	$31.00M	$1.06B	$267.00M	$241.00M
Capital expenditures	$526.00M	$338.00M	$317.00M	$298.00M	$254.00M	$378.00M	$217.00M	$186.00M	$114.00M	$103.00M	$69.00M	$105.00M
Free cash flow	$571.00M	$779.00M	-$486.00M	-$175.00M	$230.00M	$73.00M	$638.00M	$766.00M	-$83.00M	$953.00M	$198.00M	$136.00M
Investing cash flow	-$482.00M	-$637.00M	-$7.07B	-$298.00M	-$258.00M	-$948.00M	-$134.00M	-$187.00M	$364.00M	-$109.00M	-$92.00M	$1.72B
Financing cash flow	-$710.00M	-$512.00M	$2.65B	$4.09B	$215.00M	-$297.00M	-$458.00M	-$714.00M	-$350.00M	-$403.00M	-$288.00M	-$1.99B
Share repurchases	$42.00M	$450.00M	$481.00M	$353.00M	$355.00M	$289.00M	$314.00M	$619.00M	$226.00M	$90.00M	$0	$1.10B
Stock-based compensation	$37.00M	$31.00M	$41.00M	$51.00M	$21.00M	$33.00M	$29.00M	$20.00M	$25.00M	$27.00M	$30.00M	$14.00M
Depreciation and amortization	$510.00M	$494.00M	$432.00M	$376.00M	$360.00M	$344.00M	$326.00M	$358.00M	$352.00M	$360.00M	$333.00M	$374.00M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	24.0%	11.0%	19.5%	13.7%	5.7%	1.2%	15.6%	0.2%	-9.1%	4.9%	-3.8%	-11.8%
Net income growth, YoY	269.1%	-	-83.3%	-89.7%	-	-	46.8%	33.4%	-	139.6%	-	-
EPS growth, YoY	275.4%	-	-85.6%	-89.4%	-	-	56.3%	52.0%	-	169.6%	-	-
Operating margin	11.5%	13.0%	3.2%	3.8%	5.4%	0.0%	13.2%	14.0%	-11.2%	21.2%	11.7%	12.3%
Net margin	5.9%	6.8%	1.2%	0.9%	2.0%	-1.5%	8.7%	9.4%	-10.6%	11.1%	6.9%	7.1%
Free cash flow margin	6.0%	10.4%	-4.7%	-2.3%	3.0%	1.1%	7.4%	11.2%	-1.1%	14.3%	2.7%	2.0%
Current ratio	0.99	0.97	0.84	1.64	1.05	0.93	1.06	1.02	1.17	1.18	1.01	1.02
Debt to equity	4.35	4.79	4.75	9.78	6.06	4.78	3.89	4.36	4.24	2.95	3.23	3.70

Source: XBRL data NRG Energy Inc. files with the SEC, latest filing dated Nov 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

NRG peers

Company	Revenue	Growth	Net income	Net margin	Market cap
NRG	$34.96B	+17.4%	$1.26B	3.6%	$20.41B
NEENextEra Energy Inc.	$27.87B	+10.3%	$8.18B	29.4%	$180.93B
SOSouthern Company	$30.17B	+7.9%	$4.34B	14.4%	$109.03B
CEGConstellation Energy Corporation	$31.27B	+26.0%	$3.48B	11.1%	$94.87B
AEPAmerican Electric Power Company Inc.	$22.43B	+9.3%	$3.72B	16.6%	$69.61B
DDominion Energy Inc.	$17.52B	+17.5%	$2.95B	16.9%	$60.14B
ETREntergy Corporation	$13.29B	+11.4%	$1.79B	13.4%	$53.38B
VSTVistra Corp.	$20.97B	+19.8%	$2.71B	12.9%	$44.68B
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NRG FAQ

8 questions

What is NRG revenue?
NRG Energy Inc. (NRG) reported $34.96B of revenue for the twelve months ended Sep 30, 2026. That is up 17.4% from the year before. Revenue for fiscal 2025 was $30.71B.
Is NRG profitable?
Yes. NRG Energy Inc. earned $1.26B in net income for the twelve months ended Sep 30, 2026, a net margin of 3.6%.
How much cash and debt does NRG have?
NRG Energy Inc. reported $148.00M in cash and cash equivalents and $22.92B of debt on its most recent balance sheet in SEC filings.
How fast is NRG revenue growing?
NRG Energy Inc.'s revenue changed +9.2% in fiscal 2025, to $30.71B. Its compound annual growth rate was +27.6% over 5 years and +9.6% over 10 years.
What is NRG free cash flow?
NRG Energy Inc. generated $689.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $2.17B less capital expenditures.
What is NRG earnings per share?
Diluted earnings per share were $5.75 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did NRG last report financial results?
The latest statements here come from NRG Energy Inc.'s 10-Q filed on Nov 9, 2026, covering the period ended Sep 30, 2026.
Where does this NRG financial data come from?
Quantisnow builds these statements from the structured XBRL data NRG Energy Inc. files with the SEC. It is provided for information only and is not investment advice.