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NRG ENERGY, INC. NRG

NYSE · stock · Electric Services · website · IPO 2004-02-05 · LEI

NRG ENERGY, INC. statistics & valuation

Market cap$31.5B
P / E36.5×
P / S1.0×
P / B18.7×
P / FCF41.1×
Dividend yield1.30%
Net margin2.8%
Return on equity51.4%
FCF margin2.5%
Net debt$11.9B
Net debt / EBITDA3.7×
Enterprise value USD$43.4B
EV / EBITDA13.3×
Earnings yield EBIT/EV4.3%
Return on capital8.7%
Graham number -77.1%$27.61

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($27.61); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-8.70% -23.70% 2.80% 45.20% 5.60% 8.10% 3.90% -0.70% 4.00% 2.80% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
0.40% -8.20% 10.40% 13.10% 12.20% 12.40% 6.40% 1.30% 8.60% 6.00% 2016201720182019202020212022202320242025
Return on equity (%)
-17.40% -109.40% 267.70% 30.40% 60.80% 31.90% -7.00% 45.40% 51.40% 2016201720182019202020212022202320242025
Shares outstanding
316.0M 317.0M 308.0M 264.0M 246.0M 245.0M 236.0M 228.0M 212.0M 199.0M 2016201720182019202020212022202320242025
Net debt ($)
$16.11B $8.72B $6.13B $5.70B $4.95B $7.85B $7.67B $10.40B $9.93B $11.87B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-2.50% -9.20% 2.50% 35.40% 3.40% 9.40% 4.20% -0.80% 4.70% 3.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
15.30% 14.90% 10.40% 12.10% 17.70% 0.80% 0.00% -2.80% 6.50% 2.50% 2016201720182019202020212022202320242025
Debt / equity (×)
3.76× 4.82× 3.64× 5.27× 2.25× 2.12× 3.76× 4.40× 9.86× 2016201720182019202020212022202320242025
EPS ($)
-$2.22 -$6.79 $0.87 $16.81 $2.07 $8.93 $5.17 -$1.12 $4.99 $4.01 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

NRG ENERGY, INC. trades at about 30.1× earnings — above its 10-year norm (10-year range 2.2×–107.2×, median 20.5×).

2.2× 107.2×

Shaded band = 10-year range (2.2×–107.2×); dot = today's 30.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin6.0%8.6%1.3%6.4%12.4%12.2%13.1%10.4%-8.2%0.4%
Net margin2.8%4.0%-0.7%3.9%8.1%5.6%45.2%2.8%-23.7%-8.7%
FCF margin2.5%6.5%-2.8%-0.0%0.8%17.7%12.1%10.4%14.9%15.3%
Return on assets3.0%4.7%-0.8%4.2%9.4%3.4%35.4%2.5%-9.2%-2.5%
Return on equity51.4%45.4%-7.0%31.9%60.8%30.4%267.7%-21.7%-109.4%-17.4%
Debt / equity9.86×4.40×3.76×2.12×2.25×5.27×3.64×-5.42×4.82×3.76×
Current ratio1.641.021.021.251.373.151.311.501.321.43

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.