NRG Energy (NRG) financials
NRG Energy revenue and earnings by year
NRG Energy's revenue was $30.7 billion in the fiscal year to December 31, 2025, up 9.2% from the year before. Net income was $864 million, 2.8% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 14.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 30.7 | 28.1 | 28.8 | 31.5 | 27.0 | 9.1 | 9.8 | 9.5 | 9.1 | 8.9 |
| Revenue growth | 9.2% | -2.4% | -8.6% | 16.9% | 196.8% | -7.4% | 3.6% | 4.5% | 1.8% | — |
| Gross profit | 6.0 | 6.0 | 2.3 | 4.1 | 6.5 | 2.6 | 2.5 | 2.4 | 2.2 | 2.2 |
| Gross margin | 19.4% | 21.4% | 8.1% | 13.0% | 24.1% | 28.1% | 25.6% | 25.0% | 24.1% | 25.1% |
| Operating income | 1.8 | 2.4 | 0.4 | 2.0 | 3.3 | 1.1 | 1.3 | 1.0 | -0.8 | -0.2 |
| Operating margin | 6.0% | 8.6% | 1.3% | 6.4% | 12.4% | 12.2% | 13.1% | 10.4% | -9.1% | -1.8% |
| Net income | 0.9 | 1.1 | -0.2 | 1.2 | 2.2 | 0.5 | 4.4 | 0.3 | -2.2 | -0.8 |
| Net margin | 2.8% | 4.0% | -0.7% | 3.9% | 8.1% | 5.6% | 45.2% | 2.8% | -23.7% | -8.7% |
| Diluted EPS | $4.01 | $4.99 | -$1.12 | $5.17 | $8.93 | $2.07 | $17.29 | $0.82 | -$6.81 | -$2.22 |
| Free cash flow | 0.8 | 1.8 | -0.8 | -0.0 | 0.2 | 1.6 | 1.2 | 1.0 | 1.4 | 1.4 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open NRG in Markets.
How NRG Energy makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| East | $3.51B | 46.9% |
| Texas | $2.75B | 36.7% |
| West & Other | $644M | 8.6% |
| Vivint Smart Home | $587M | 7.8% |
See also: NRG valuation and P/E history · NRG returns
No forecast, no recommendation. This page describes NRG Energy from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.