Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Nrg Energy, Inc.

NRG · NYSE · Utilities

Fundamental quality

REASONABLE

56

out of 100

Nrg Energy, Inc.'s profile is defined by leverage: it carries high debt (6.73× EBITDA) on thin margins (2.6%), which makes it more sensitive to rates and the cycle. On fundamental quality it scores 56 out of 100, profiling it as a company of reasonable quality. Its weakest area is its financial strength (net debt 6.73× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

NRG Energy sells electricity and gas to millions of homes in the deregulated markets of Texas and the East, with its own generation and Vivint's smart-home business. Its strategic turn: buying turbines and signing deals to power data centers, the business the market rewards.

What will shape its future

  • Texas: the state's power demand and scarcity prices set its profit.
  • Data-center deals and new gas plants, its growth story.
  • Energy retail: stable margins funding everything else.

Breakdown by area

I.Growth
82

EPS growth: 11.9% · Revenue growth: 26.5%

II.Profitability
57

Net margin: 2.6% · ROE: 17.5% · ROIC: 5.5%

III.Financial health
25

Net debt/EBITDA: 6.73x · FCF: 1.1%

Source: SEC EDGAR · TTM through 30/06/2026

The score includes +1 for dividend strength: 6 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its financial strength drags it down the most.

Versus its sector

Percentile against the other 24 Utilities companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 8%
ROEbeats 79%
Growthbeats 100%
Cash generationbeats 57%
Less debtbeats 14%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Nrg Energy, Inc. strengths

  • Revenue growing strongly (26.5% annualized).
  • Growing earnings per share (11.9% annualized).

Nrg Energy, Inc. risks and weaknesses

  • Very high leverage (net debt of 6.73× EBITDA): more exposed to rates and to a rough patch.
  • Its net debt has grown over the period.
  • Thin margins (net margin of 2.6%), little cushion for setbacks.
  • Erratic free cash flow, with several years in the red.

Nrg Energy, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20209,0935101,6074,954
202126,9892,1872247,863
202231,5431,221-77,681
202328,823-202-81910,418
202428,1301,1251,8349,940
202530,71386476611,892

Between 2020 and 2025, revenue went from $9,093M to $30,713M (+238%) and net income went from $510M to $864M (+69%). Meanwhile, its margins have narrowed (from 6% to 3%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+15.7%
  • Net income-2.3%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score3556
  • Net margin0.7%2.6%
  • ROE4.9%17.5%
  • FCF margin-1.1%1.1%
  • Net debt/EBITDA9.03×6.73×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$1.76

per share, yearly

47.6% of earnings

Payout

6 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Nrg Energy, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Nrg Energy, Inc. a good company to invest in?

In terms of business quality, Nrg Energy, Inc. scores 56 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Nrg Energy, Inc. a profitable company?

Nrg Energy, Inc. is profitable, with a net margin of 2.6%, though a thin one.

Does Nrg Energy, Inc. have a lot of debt?

Yes, its leverage is high: net debt is 6.73 times its EBITDA, and it has been rising.

Is Nrg Energy, Inc. growing?

Its revenue has grown 26.5% annualized in recent years and its earnings per share 11.9%.

Does Nrg Energy, Inc. generate cash?

Yes. It converts about 1.1% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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