NYSE · Electric Services · CIK 0001013871

NRG ENERGY, INC.

NRGHealth 6.0 / 10

$119.02

+7.11% · delayed 15 min

$22.66B market value

What this company does

NRG ENERGY supplies electricity, gas or water. It took in $30.35B last year, which makes it a large company. Of every dollar it sells, about 3 cents is left as profit.

Yearly sales: $30.35B
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Everything customers paid it over the year, before any costs.
Yearly profit: $864.0M
ⓘ
What was left after every cost, wage, interest payment and tax bill.
Kept per dollar: 2.8%
ⓘ
Of every dollar of sales, the share that ends up as profit.

6.0OUT OF 10

Financial health

A mixed picture — some clear strengths and some weaknesses.

From NRG ENERGY, INC.'s FY2025 annual filing · share price scored separately

Piotroski: 5/7
ⓘ
Nine yes-or-no checks of whether the finances improved this year. More is better.
Altman Z: 1.86
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Distance from bankruptcy risk, using the model for non-manufacturers. Above 2.6 is safe.
Beneish M: n/a
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This company has not reported enough of the required figures to calculate this score.

How this score was reached

Every check behind the three models, and what each one tests

Piotroski F-Score

What changed in FY2025

Measured against FY2024, from the 10-K

Revenue
ⓘ
Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +9.4%
$27.75B to $30.35B
Profit
ⓘ
Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: -23.2%
$1.13B to $864.0M
Profit margin
ⓘ
What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: −1.2 pts
4.1% to 2.8%

What's working

It makes a profit rather than burning through money.
$864.0M earned last year
Day-to-day operations generate real cash, not just accounting profit.
$1.91B cash from operations

What to watch

Nothing in the filings stands out as a concern.

Price history

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Expectations

What the market expects

Not from the filings — what other people are betting on, and what the price already assumes.

What the price assumes

The growth rate someone buying today is paying for, against what the company has delivered

At today's price, the market is paying for free cash flow to grow by about 8% a year for the next 10 years. Over the last 10 years it grew by about 9% a year.

Growth the price assumes: 8%
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Solved from the price rather than forecast. Between 5% and 10% depending on the discount rate used.
Delivered over 10 years: 9%
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How fast free cash flow has actually grown, annualised over the longest run of positive years on file. Blank when an earlier year was negative, because growth from a negative base means nothing.
Free cash flow, FY2025: $766.0M
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Cash from operations after capital spending, taken from the latest annual filing. Every figure above is built on this one.
What the business costs: $17.95B
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The essentials

The five questions that matter

Each answered from the filings, with the numbers behind it.

Is it profitable?

Mixed

Yes. It keeps about 3 cents of every dollar of sales as profit, earning $864.0M last year.

Net profit margin: 2.8%
ⓘ
Out of every $100 of sales, this much is left over as profit.
Return on assets: 3.0%
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How hard everything the company owns is working — profit earned per $100 of assets.
Operating cash flow: $1.91B
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Real money that landed in the bank, after paying bills and wages. Harder to massage than profit.
Free cash flow: $766.0M
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The standard figures

What it earns, what it keeps, and what it costs to run — all from the same filing

Free cash flow: $766.0M
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Cash left after paying for the buildings and equipment the business needs to keep running. What is actually available for dividends, buybacks or paying down debt.
Earnings per share: $4.54
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Last year's profit divided by the shares in issue at year end. A company's own reported EPS uses a weighted average across the year, so this sits close to it rather than exactly on it.
Free cash flow margin: 2.5%
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Of every $100 of sales, this much survived as spendable cash.
Price to free cash flow: 29.58x
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What the market pays for each $1 of cash the company actually generates. Harder to flatter than a P/E.

Gross margin: —
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What is left of each sale after the direct cost of making it — before wages, rent or research.
Operating margin: 6.1%

What it pays shareholders

Whether the dividend is covered by what the business actually earns

It pays out 48 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 21% of the cash its operations generated. It has paid in each of the last 12 years.

Good

Paid last year: $411.0M
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Total cash handed to shareholders over the year, across every share.
Share of profit paid out: 47.6%
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Out of every $100 of profit, this much left the company as a dividend. Below about 80% leaves room for a bad year.
Share of cash flow paid out: 21.5%
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The same test against real cash rather than accounting profit. Above 100% means it paid out more than it earned.
Years paid in a row: 12+
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Counting back from the latest filing. A '+' means the run reaches as far back as the filings held here go.

Next payment expected around 2026-11-03, projected from how regularly it has paid before rather than from a date the company has announced.

The balance sheet, in plain English

Figures from the FY2025 annual filing

Owes $27.46B

Liabilities $27.46BShareholders' equity $1.68BTotal assets $29.14B

For every $1 NRG Energy, owes, it owns $1.06 in assets.
After paying off everything it owes, $1.68B would be left for shareholders — about 6% of everything it owns.
It holds $4.71B in cash and cash equivalents.

Last year it earned $864.0M and generated $1.91B of cash from operations.

How it has changed over time

Reported annual figures

Early signals

Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it

What's projected next

Estimated from how often this has happened before, not a confirmed date.

Next dividend— roughly every 92 days, give or take 52026-11-03

Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.

Go deeper

Sources and further reading

Every figure above traces back to one of these filings.

Official filings

Straight from SEC EDGAR — the original source for every figure above

Filing	Filed	Covers to
Quarterly report(10-Q)	2026-08-04	2026-06-30
Major event announcement(8-K)	2026-08-04	2026-08-04

Financial figures are from NRG's 10-K for fiscal year 2025 (period ending 2025-12-31), reported under the US GAAP taxonomy. View the source filing.

Filing

Filed

Covers to

Quarterly report(10-Q)

2026-08-04

2026-06-30

Major event announcement(8-K)

2026-08-04

How this score was reached

Piotroski F-Score

What changed in FY2025

What's working

What to watch

Price history

What the market expects

What the price assumes

The five questions that matter

Is it profitable?

The standard figures

What it pays shareholders

The balance sheet, in plain English

How it has changed over time

Early signals

What's projected next

Sources and further reading

Official filings

How this score was reached

Piotroski F-Score

What changed in FY2025

What's working

What to watch

Price history

What the market expects

What the price assumes

The five questions that matter

Is it profitable?

The standard figures

What it pays shareholders

The balance sheet, in plain English

How it has changed over time

Early signals

What's projected next

Sources and further reading

Official filings

Altman Z

Beneish M

What short sellers are betting

Is it growing?

Is it drowning in debt?

Is it cheap or expensive?

Are there accounting red flags?

Recent news

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