gross profit bridgeinconsistent2020-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
Revenue
$30.71B
Fiscal year ended 2025-12-31Operating income
$1.84B
Fiscal year ended 2025-12-31Free cash flow
$766.00M
Fiscal year ended 2025-12-31NRG ENERGY, INC. (NRG) reported revenue of $30.71B and net income of $864.00M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from NRG ENERGY, INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Electric Services.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.71B | $28.13B | $28.82B | $31.54B | $26.99B | $9.09B | $9.82B | $9.48B | $9.07B | $8.92B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $6.54B | $7.30B | $7.11B | $6.89B | $6.68B |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $2.37B | $2.19B | $2.24B |
| Operating income | $1.84B | $2.42B | $384.00M | $2.02B | $3.34B | $1.10B | $1.29B | $982.00M | -$741.00M | $33.00M |
| Net income | $864.00M | $1.12B | -$202.00M | $1.22B | $2.19B | $510.00M | $4.44B | $268.00M | -$2.15B | -$774.00M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $8.00M | $7.00M | $11.00M | $22.00M | $48.00M |
| Weighted-average diluted shares | shares 199.00M | shares 212.00M | shares 228.00M | shares 236.00M | shares 245.00M | shares 246.00M | shares 264.00M | shares 308.00M | shares 317.00M | shares 316.00M |
| Pretax income | $1.13B | $1.45B | -$213.00M | $1.66B | $2.86B | $761.00M | $786.00M | $467.00M | -$1.39B | -$931.00M |
| Income tax expense | $270.00M | $323.00M | -$11.00M | $442.00M | $672.00M | $251.00M | -$3.33B | $7.00M | -$44.00M | $25.00M |
| Diluted EPS | $4.01 | $4.99 | $-1.12 | $5.17 | $8.93 | $2.07 | $16.81 | $0.87 | $-6.79 | $-2.22 |
| Selling, general & administrative | $2.60B | $2.34B | $2.09B | $1.14B | $1.29B | $810.00M | $760.00M | $799.00M | $836.00M | $1.03B |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $4.71B | $966.00M | $541.00M | $430.00M | $250.00M | $3.90B | $345.00M | $563.00M | $770.00M | $591.00M |
| Total assets | $29.14B | $24.02B | $26.04B | $29.15B | $23.18B | $14.90B | $12.53B | $10.63B | $23.36B | $30.68B |
| Current assets | $13.15B | $8.96B | $9.73B | $16.23B | $10.84B | $6.03B | $3.09B | $3.60B | $4.44B | $6.71B |
| Total liabilities | $27.46B | $21.54B | $23.13B | $25.32B | $19.58B | $13.22B | $10.85B | $11.84B | $21.31B | $26.19B |
| Current liabilities | $8.03B | $8.81B | $9.50B | $12.98B | $7.92B | $1.92B | $2.36B | $2.40B | $3.35B | $4.70B |
| Total equity incl. NCI | $1.68B | $2.48B | $2.91B | $3.83B | $3.60B | $1.68B | $1.66B | -$1.23B | $1.97B | $4.45B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $0 | $20.00M | $19.00M | $78.00M | $46.00M |
| Inventory | $461.00M | $478.00M | $607.00M | $751.00M | $498.00M | $327.00M | $383.00M | $412.00M | $453.00M | $721.00M |
| Accounts receivable | $4.06B | $3.49B | $3.54B | $4.77B | $3.24B | $904.00M | $1.02B | $1.02B | $900.00M | $1.06B |
| Goodwill | $5.02B | $5.01B | $5.08B | $1.65B | $1.80B | $579.00M | $579.00M | $573.00M | $539.00M | $662.00M |
| Long-term debt | $16.41B | $9.81B | $10.13B | $7.98B | $7.97B | $8.69B | $5.80B | $6.45B | $9.18B | $15.96B |
| Accounts payable | $2.83B | $2.51B | $2.32B | $3.64B | $2.27B | $649.00M | $722.00M | $863.00M | $684.00M | $782.00M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | -$1.76B | -$400.00M | $1.04B | -$272.00M | $2.20B | -$2.15B | -$1.53B | -$1.14B | -$768.00M |
| Net change in cash | $3.82B | $524.00M | -$1.53B | $1.07B | -$2.82B | $3.54B | -$228.00M | -$473.00M | $226.00M | -$182.00M |
| Stock-based compensation | $134.00M | $102.00M | $101.00M | $28.00M | $21.00M | $22.00M | $20.00M | $25.00M | $35.00M | $10.00M |
| Common dividends paid | $411.00M | $405.00M | $381.00M | $332.00M | $319.00M | $295.00M | $32.00M | $37.00M | $38.00M | $76.00M |
| Common share repurchases | $1.31B | $935.00M | $1.15B | $600.00M | $48.00M | $229.00M | $1.44B | $1.25B | $0 | $0 |
| Depreciation & amortization | $1.41B | $1.40B | $1.30B | $720.00M | $785.00M | $435.00M | $373.00M | $421.00M | $596.00M | $756.00M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $766.00M | $1.83B | -$819.00M | -$7.00M | $224.00M | $1.61B | $1.18B | $989.00M | $1.36B | $1.36B |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 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% |
| FCF margin | 2.5% | 6.5% | -2.8% | -0.0% | 0.8% | 17.7% | 12.1% | 10.4% | 14.9% | 15.3% |
| SBC / revenue | 0.4% | 0.4% | 0.4% | 0.1% | 0.1% | 0.2% | 0.2% | 0.3% | 0.4% | 0.1% |
| Current ratio | 1.64x | 1.02x | 1.02x | 1.25x | 1.37x | 3.15x | 1.31x | 1.50x | 1.32x | 1.43x |
| Revenue YoY growth | 9.2% | -2.4% | -8.6% | 16.9% | 196.8% | -7.4% | 3.6% | 4.5% | 1.8% | Unavailable |
| Net margin | 2.8% | 4.0% | -0.7% | 3.9% | 8.1% | 5.6% | 45.2% | 2.8% | -23.7% | -8.7% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 0.1% | 0.2% | 0.5% |
| CapEx / revenue | 3.7% | 1.7% | 2.1% | 1.2% | 1.0% | 2.5% | 2.3% | 4.1% | 2.8% | 6.1% |
| Long-term debt / equity | 9.76x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 23.8% | 22.3% | Unavailable | 26.6% | 23.5% | 33.0% | -424.2% | 1.5% | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NRG in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-05-06View SEC filing
10-K · Filed 2026-02-24View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-12View SEC filing
Reconciliation checks needing review
6 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
gross profit bridgeinconsistent2019-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
cash flow reconciliationreview2019-12-31
Operating, investing and financing flows differ from the reported change in cash by 49000000, beyond tolerance 21480000.00.
cash flow reconciliationreview2018-12-31
Operating, investing and financing flows differ from the reported change in cash by 120000000, beyond tolerance 15260000.00.
cash flow reconciliationreview2017-12-31
Operating, investing and financing flows differ from the reported change in cash by 394000000, beyond tolerance 16100000.00.
cash flow reconciliationreview2016-12-31
Operating, investing and financing flows differ from the reported change in cash by 566000000, beyond tolerance 19080000.00.