NRG Energy (NRG) Financials

$154.02 -2.04 (-1.31%)

As of 01:08 PM Eastern

Annual Income Statements for NRG Energy

This table shows NRG Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	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	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,058	-256	1,221	2,187	510	4,438	268	-2,153	-701	-6,402
Consolidated Net Income / (Loss)	1,125	-202	1,221	2,187	510	4,441	268	-2,337	-891	-6,436
Net Income / (Loss) Continuing Operations	1,125	-202	1,221	2,187	510	4,120	460	-1,345	-956	-6,331
Total Pre-Tax Income	1,448	-213	1,663	2,859	761	786	467	-1,389	-931	-4,986
Total Operating Income	2,424	384	2,018	3,341	1,105	1,290	982	-741	33	-4,051
Total Gross Profit	5,716	2,089	4,089	5,809	2,445	2,423	2,370	2,275	2,432	3,521
Total Revenue	28,130	28,823	31,543	26,989	9,093	9,821	9,478	9,161	9,108	12,521
Operating Revenue	28,130	28,823	31,543	26,989	9,093	9,821	9,478	9,161	9,108	12,521
Total Cost of Revenue	22,414	26,734	27,454	21,180	6,648	7,398	7,108	6,886	6,676	9,000
Operating Cost of Revenue	22,100	26,483	27,443	20,482	6,540	7,303	7,108	6,886	6,676	9,000
Other Cost of Revenue	314	251	11	698	108	95	-	-	-	-
Total Operating Expenses	3,292	1,705	2,071	2,468	1,340	1,133	1,388	3,016	2,399	7,572
Selling, General & Admin Expense	2,031	1,843	1,145	1,293	810	760	799	836	1,032	1,228
Depreciation Expense	1,403	1,295	720	785	435	373	421	596	756	1,351
Impairment Charge	36	26	206	544	75	5.00	99	1,534	483	4,860
Restructuring Charge	30	119	52	93	23	2.00	90	44	-	-
Other Special Charges / (Income)	-208	-1,578	-52	-247	-3.00	-7.00	-32	-16	80	-21
Total Other Income / (Expense), net	-976	-597	-355	-482	-344	-504	-515	-648	-964	-935
Interest Expense	1,033	558	417	562	410	464	527	606	725	927
Interest & Investment Income	13	-86	6.00	17	-1.00	-106	-6.00	-93	-286	-34
Other Income / (Expense), net	44	47	56	63	67	66	18	51	47	26
Income Tax Expense	323	-11	442	672	251	-3,334	7.00	-44	25	1,345
Preferred Stock Dividends Declared	67	54	0.00	0.00	-	-	-	-	-73	20
Basic Earnings per Share	$5.14	($1.12)	$5.17	$8.93	$2.08	$16.94	$0.88	($6.79)	($2.22)	($19.46)
Weighted Average Basic Shares Outstanding	206M	228M	236M	245M	245M	262M	304M	317M	316M	0.00
Diluted Earnings per Share	$4.99	($1.12)	$5.17	$8.93	$2.07	$16.81	$0.87	($6.79)	($2.22)	($19.46)
Weighted Average Diluted Shares Outstanding	212M	228M	236M	245M	246M	264M	308M	317M	316M	329M
Weighted Average Basic & Diluted Shares Outstanding	198.07M	208.02M	229.77M	242.15M	244.69M	247.66M	304.50M	317.10M	316M	329M
Cash Dividends to Common per Share	$1.63	$1.51	$1.40	$1.30	$1.20	$0.12	$0.12	$0.12	$0.24	$0.58

This table shows NRG Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	627	-784	721	494	466	326	291	-1,339	-1,095	67
Consolidated Net Income / (Loss)	643	-767	738	511	482	343	308	-1,335	-1,095	67
Net Income / (Loss) Continuing Operations	643	-767	738	511	482	343	308	-1,335	-1,095	67
Total Pre-Tax Income	715	-1,014	1,052	695	653	408	397	-1,671	-1,392	83
Total Operating Income	954	-812	1,410	872	837	561	530	-1,544	-1,317	156
Total Gross Profit	1,685	-16	2,303	1,744	219	1,540	1,386	-1,056	-980	708
Total Revenue	6,819	7,223	6,659	7,429	6,807	7,946	6,348	7,722	7,855	8,510
Operating Revenue	6,819	7,223	6,659	7,429	6,807	7,946	6,348	7,722	7,855	8,510
Total Cost of Revenue	5,134	7,239	4,356	5,685	6,588	6,406	4,962	8,778	8,835	7,802
Operating Cost of Revenue	4,820	7,239	4,356	5,685	6,337	6,406	4,962	8,778	8,824	7,802
Total Operating Expenses	731	796	893	872	-618	979	856	488	337	552
Selling, General & Admin Expense	203	645	592	591	293	602	522	426	69	378
Depreciation Expense	498	352	285	268	431	359	315	190	235	145
Restructuring Charge	8.00	7.00	6.00	9.00	8.00	18	22	71	26	8.00
Other Special Charges / (Income)	1.00	-208	-5.00	4.00	-1,376	0.00	-3.00	-199	-1.00	-22
Total Other Income / (Expense), net	-239	-202	-358	-177	-184	-153	-133	-127	-75	-73
Interest Expense	245	213	365	210	86	173	151	148	104	105
Other Income / (Expense), net	6.00	5.00	3.00	30	4.00	14	13	16	23	21
Income Tax Expense	72	-247	314	184	171	65	89	-336	-297	16
Preferred Stock Dividends Declared	16	17	17	17	16	17	17	4.00	-	0.00
Basic Earnings per Share	$3.10	($3.79)	$3.47	$2.36	$2.02	$1.42	$1.26	($5.82)	($4.45)	$0.29
Weighted Average Basic Shares Outstanding	206M	207M	208M	209M	228M	230M	231M	230M	236M	235M
Diluted Earnings per Share	$3.10	($3.79)	$3.37	$2.31	$2.04	$1.41	$1.25	($5.82)	($4.45)	$0.29
Weighted Average Diluted Shares Outstanding	212M	207M	214M	214M	228M	232M	232M	230M	236M	235M
Weighted Average Basic & Diluted Shares Outstanding	198.07M	202.57M	206.38M	208.48M	208.02M	225.76M	229.12M	230.23M	229.77M	230.38M

This table details how cash moves in and out of NRG Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	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	12/31/2015
Net Change in Cash & Equivalents	524	-1,529	1,068	-2,820	3,545	-130	-234	-561	950	-549
Net Cash From Operating Activities	2,306	-221	360	493	1,837	1,413	1,377	1,610	1,908	1,349
Net Cash From Continuing Operating Activities	2,306	-221	360	493	1,837	1,405	1,003	856	1,437	1,287
Net Income / (Loss) Continuing Operations	1,125	-202	1,221	2,187	510	4,120	460	-1,345	-956	-6,331
Consolidated Net Income / (Loss)	1,125	-202	1,221	2,187	510	4,441	268	-2,337	-891	-6,436
Depreciation Expense	1,071	1,127	634	785	435	373	421	596	-	1,351
Amortization Expense	476	404	321	196	172	150	148	134	150	243
Non-Cash Adjustments To Reconcile Net Income	915	-2,973	1,790	1,926	455	321	255	1,815	1,865	5,015
Changes in Operating Assets and Liabilities, net	-1,281	1,423	-3,606	-4,601	265	-3,559	-281	-344	378	1,009
Net Cash From Investing Activities	-24	-910	-332	-3,039	-494	556	-205	-639	-757	-1,528
Net Cash From Continuing Investing Activities	-24	-910	-332	-3,039	-494	558	520	340	-369	-1,269
Purchase of Property, Plant & Equipment	-472	-598	-367	-269	-230	-228	-388	-254	-544	-1,029
Acquisitions	-38	-2,523	-62	-3,559	-284	-	-268	-14	-1.00	10
Purchase of Investments	0.00	-367	-454	-751	-490	-507	-572	-569	-584	-1,024
Sale of Property, Plant & Equipment	501	2,007	109	830	81	1,294	1,564	430	241	27
Sale and/or Maturity of Investments	0.00	355	448	710	439	381	513	501	510	631
Other Investing Activities, net	-15	216	-6.00	0.00	-10	-382	-329	180	9.00	116
Net Cash From Financing Activities	-1,755	-400	1,043	-272	2,204	-2,148	-1,526	-1,138	-768	-432
Net Cash From Continuing Financing Activities	-1,755	-400	1,043	-272	2,204	-2,191	-1,997	-969	-1,251	-377
Repayment of Debt	-3,562	-3,575	-14	-1,944	-498	-2,549	-1,789	-1,952	-5,335	-1,405
Repurchase of Common Equity	-935	-1,150	-600	-48	-229	-1,440	-1,250	0.00	0.00	-437
Payment of Dividends	-405	-381	-332	-319	-297	-34	-79	-193	-103	-154
Issuance of Debt	3,200	3,751	0.00	1,100	3,234	1,833	1,100	1,178	4,412	1,004
Issuance of Preferred Equity	0.00	635	0.00	0.00	-	-	-	-	-	-
Other Financing Activities, net	-53	320	1,989	938	-7.00	-4.00	-	-	0.00	614
Effect of Exchange Rate Changes	-3.00	2.00	-3.00	-2.00	-2.00	-	-	-	1.00	-

This table details how cash moves in and out of NRG Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	47	46	546	-115	-26	-138	44	-1,409	-1,335	-1,081
Net Cash From Operating Activities	952	31	1,056	267	241	566	570	-1,598	-1,398	-1,431
Net Cash From Continuing Operating Activities	952	31	1,056	267	241	566	570	-1,598	-1,398	-1,431
Net Income / (Loss) Continuing Operations	643	-767	738	511	482	343	308	-1,335	-1,095	67
Consolidated Net Income / (Loss)	643	-767	738	511	482	343	308	-1,335	-1,095	67
Depreciation Expense	257	261	285	268	314	308	315	190	149	145
Amortization Expense	130	252	5.00	89	101	134	17	152	140	14
Non-Cash Adjustments To Reconcile Net Income	584	-801	669	463	-1,848	280	128	-1,533	-1,487	-739
Changes in Operating Assets and Liabilities, net	-662	1,086	-641	-1,064	1,192	-499	-198	928	895	-918
Net Cash From Investing Activities	-187	364	-109	-92	1,721	-129	-152	-2,350	-127	-86
Net Cash From Continuing Investing Activities	-187	364	-109	-92	1,721	-129	-152	-2,350	-127	-86
Purchase of Property, Plant & Equipment	-186	-114	-103	-69	-105	-169	-182	-142	-117	-100
Acquisitions	-5.00	-1.00	-10	-22	-21	-4.00	-6.00	-2,492	-2.00	-7.00
Sale of Property, Plant & Equipment	6.00	484	8.00	3.00	1,778	-	10	219	2.00	11
Other Investing Activities, net	-2.00	-5.00	-4.00	-4.00	68	52	43	53	-2.00	15
Net Cash From Financing Activities	-714	-350	-403	-288	-1,990	-572	-374	2,536	188	441
Net Cash From Continuing Financing Activities	-714	-350	-403	-288	-1,990	-572	-374	2,536	188	441
Repayment of Debt	-1,281	-431	-1,170	-680	-511	-1,362	-855	-847	-9.00	-3.00
Repurchase of Common Equity	-619	-226	-	-	-1,100	-50	-	-	-116	-118
Payment of Dividends	-83	-118	-86	-118	-86	-121	-87	-87	-80	-84
Issuance of Debt	1,275	425	975	525	-300	950	595	2,506	-	-
Other Financing Activities, net	-6.00	-	-32	-15	7.00	11	-26	328	393	646
Effect of Exchange Rate Changes	-4.00	1.00	2.00	-2.00	2.00	-3.00	-	3.00	2.00	-5.00

This table presents NRG Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	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	12/31/2015
Total Assets	24,022	26,038	29,146	23,182	14,902	12,531	10,628	23,355	30,682	32,882
Total Current Assets	8,964	9,727	16,231	10,841	6,028	3,088	3,600	4,437	6,714	7,391
Cash & Equivalents	966	541	430	250	3,905	345	563	770	938	1,518
Restricted Cash	8.00	24	40	15	6.00	8.00	17	279	446	414
Short-Term Investments	2,686	3,862	7,886	4,613	560	860	764	624	1,067	1,915
Accounts Receivable	3,488	3,542	4,773	3,245	904	1,025	1,024	1,080	1,058	1,157
Inventories, net	478	607	751	498	327	383	412	453	721	1,252
Prepaid Expenses	830	626	383	395	257	245	302	163	404	455
Other Current Assets	508	525	1,968	1,825	69	222	320	208	152	674
Plant, Property, & Equipment, net	2,021	1,763	1,692	1,688	2,547	0.00	3,048	5,974	15,369	18,732
Total Noncurrent Assets	13,037	14,548	11,223	10,653	6,327	9,443	3,903	12,944	8,599	6,759
Long-Term Investments	45	42	133	157	346	388	412	182	1,120	1,045
Goodwill	5,011	5,079	1,650	1,795	579	579	573	539	662	999
Intangible Assets	2,908	3,927	2,132	2,511	668	789	591	507	1,973	2,310
Noncurrent Deferred & Refundable Income Taxes	2,067	2,251	1,881	2,155	3,066	3,286	46	6.00	225	167
Other Noncurrent Operating Assets	2,855	3,070	5,202	3,764	1,367	3,937	1,269	1,161	1,632	2,080
Other Noncurrent Nonoperating Assets	151	179	225	271	301	464	1,012	10,549	2,971	105
Total Liabilities & Shareholders' Equity	24,022	26,038	29,146	23,182	14,902	12,531	10,628	23,355	30,682	32,882
Total Liabilities	21,544	23,132	25,318	19,582	13,222	10,853	11,843	21,309	26,190	27,117
Total Current Liabilities	8,813	9,500	12,982	7,915	1,915	2,359	2,398	3,354	4,702	4,375
Short-Term Debt	996	620	63	4.00	1.00	88	72	204	516	481
Accounts Payable	2,513	2,325	3,643	2,274	649	722	863	741	813	869
Accrued Expenses	2,031	1,642	1,114	1,324	678	663	680	756	810	568
Current Deferred Revenue	711	720	176	-	-	-	-	-	-	-
Other Current Liabilities	2,562	4,193	7,986	4,313	587	886	706	735	1,173	2,213
Total Noncurrent Liabilities	12,731	13,632	12,336	11,667	11,307	8,514	9,445	17,955	21,488	22,742
Long-Term Debt	9,812	10,133	7,976	7,966	8,691	5,803	6,449	9,180	15,957	18,983
Noncurrent Deferred Revenue	862	914	10	-	-	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	12	22	134	73	19	17	65	21	20	19
Other Noncurrent Operating Liabilities	2,045	2,563	3,876	3,307	2,294	2,396	1,949	1,221	1,519	1,676
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Equity & Noncontrolling Interests	2,478	2,906	3,828	3,600	1,680	1,658	-1,234	1,968	4,446	5,434
Total Preferred & Common Equity	2,478	2,906	3,828	3,600	1,680	1,658	-1,234	-346	2,041	2,707
Preferred Stock	650	650	0.00	-	-	-	-	-	-	-
Total Common Equity	1,828	2,256	3,828	3,600	1,680	1,658	-1,234	-346	2,041	2,707
Common Stock	707	3,419	8,461	8,535	8,521	8,505	8,514	8,380	8,362	8,300
Retained Earnings	1,535	820	1,408	464	-1,403	-1,616	-6,022	-6,268	-3,787	-3,007
Treasury Stock	-297	-1,892	-5,864	-5,273	-5,232	-5,039	-3,632	-2,386	-2,399	-2,413
Accumulated Other Comprehensive Income / (Loss)	-117	-91	-177	-126	-206	-192	-94	-72	-135	-173

This table presents NRG Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	24,022	23,724	25,762	25,401	26,038	27,910	28,991	29,696	29,146	32,243
Total Current Assets	8,964	8,611	9,806	9,268	9,727	9,468	10,121	10,208	16,231	18,963
Cash & Equivalents	966	1,104	376	278	541	401	422	407	430	333
Restricted Cash	8.00	10	16	15	24	11	26	32	40	46
Short-Term Investments	2,686	2,456	3,520	3,807	3,862	3,710	4,423	4,400	7,886	9,938
Accounts Receivable	3,488	3,258	3,402	3,325	3,542	3,764	3,274	3,519	4,773	4,061
Inventories, net	478	540	623	581	607	630	686	722	751	772
Prepaid Expenses	830	782	797	712	626	601	580	505	383	417
Other Current Assets	508	461	1,072	550	525	265	635	623	1,968	3,396
Plant, Property, & Equipment, net	2,021	1,818	1,790	1,768	1,763	1,779	1,706	1,835	1,692	1,598
Total Noncurrent Assets	13,037	13,295	14,166	14,365	14,548	16,663	17,164	17,653	11,223	11,682
Long-Term Investments	45	49	45	43	42	146	139	136	133	126
Goodwill	5,011	5,018	5,060	5,076	5,079	5,143	5,143	5,343	1,650	1,650
Intangible Assets	2,908	3,087	3,413	3,726	3,927	4,206	4,343	4,419	2,132	2,227
Noncurrent Deferred & Refundable Income Taxes	2,067	2,098	1,841	2,100	2,251	2,540	2,711	2,925	1,881	1,516
Other Noncurrent Operating Assets	2,855	3,043	3,807	3,420	3,070	3,475	3,667	4,583	5,202	5,927
Other Noncurrent Nonoperating Assets	151	-	-	-	179	1,153	1,161	247	225	236
Total Liabilities & Shareholders' Equity	24,022	23,724	25,762	25,401	26,038	27,910	28,991	29,696	29,146	32,243
Total Liabilities	21,544	21,204	22,139	22,104	23,132	24,392	25,659	26,616	25,318	27,113
Total Current Liabilities	8,813	7,348	8,302	9,176	9,500	8,930	9,876	10,326	12,982	14,366
Short-Term Debt	996	258	262	1,101	620	1,011	1,410	971	63	62
Accounts Payable	2,513	1,994	2,109	2,027	2,325	2,200	2,107	2,330	3,643	2,871
Accrued Expenses	2,031	1,895	1,709	1,412	1,642	1,553	1,395	1,563	1,114	1,376
Current Deferred Revenue	711	761	779	710	720	731	731	688	176	-
Other Current Liabilities	2,562	2,440	3,443	3,926	4,193	3,391	4,197	4,774	7,986	10,057
Total Noncurrent Liabilities	12,731	13,856	13,837	12,928	13,632	15,462	15,783	16,290	12,336	12,747
Long-Term Debt	9,812	10,422	10,425	9,559	10,133	10,741	10,737	11,332	7,976	7,974
Noncurrent Deferred Revenue	862	919	906	859	914	989	927	848	10	-
Noncurrent Deferred & Payable Income Tax Liabilities	12	8.00	8.00	8.00	22	129	130	133	134	84
Other Noncurrent Operating Liabilities	2,045	2,507	2,498	2,502	2,563	2,529	2,877	3,633	3,876	4,354
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,478	2,520	3,623	3,297	2,906	3,518	3,332	3,080	3,828	5,130
Total Preferred & Common Equity	2,478	2,520	3,623	3,297	2,906	3,518	3,332	3,080	3,828	5,130
Preferred Stock	650	650	650	650	650	650	650	650	0.00	-
Total Common Equity	1,828	1,870	2,973	2,647	2,256	2,868	2,682	2,430	3,828	5,130
Common Stock	707	3,148	3,232	3,506	3,419	8,531	8,508	8,485	8,461	8,454
Retained Earnings	1,535	977	1,863	1,212	820	425	205	-15	1,408	2,584
Treasury Stock	-297	-2,150	-2,019	-1,971	-1,892	-5,911	-5,861	-5,864	-5,864	-5,754
Accumulated Other Comprehensive Income / (Loss)	-117	-105	-103	-100	-91	-177	-170	-176	-177	-154

This table displays calculated financial ratios and metrics derived from NRG Energy's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	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	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.40%	-8.62%	16.87%	196.81%	-7.41%	3.62%	3.46%	0.58%	-27.26%	-21.09%
EBITDA Growth	104.64%	-35.23%	-30.92%	146.49%	-5.32%	19.76%	3,822.50%	-82.61%	109.46%	-183.42%
EBIT Growth	472.62%	-79.22%	-39.07%	190.44%	-13.57%	35.60%	244.93%	-962.50%	101.99%	-411.29%
NOPAT Growth	600.63%	-81.86%	-42.03%	245.11%	-89.05%	599.06%	286.48%	-2,345.45%	100.81%	-328.18%
Net Income Growth	656.93%	-116.54%	-44.17%	328.82%	-88.52%	1,557.09%	111.47%	-162.29%	86.16%	-4,975.76%
EPS Growth	545.54%	-121.66%	-42.11%	331.40%	-87.69%	1,832.18%	112.81%	-205.86%	88.59%	-8,560.87%
Operating Cash Flow Growth	1,143.44%	-161.39%	-26.98%	-73.16%	30.01%	2.61%	-14.47%	-15.62%	41.44%	-10.66%
Free Cash Flow Firm Growth	126.20%	-221.70%	197.12%	59.26%	-77.52%	13.11%	-64.23%	133.86%	33.61%	205.73%
Invested Capital Growth	4.65%	185.79%	-49.66%	19.22%	-4.19%	80.39%	-48.39%	-65.52%	-21.00%	-22.43%
Revenue Q/Q Growth	0.04%	-3.51%	2.63%	22.84%	-1.81%	2.11%	8.48%	14.17%	-7.55%	-21.03%
EBITDA Q/Q Growth	6.90%	609.61%	-20.46%	-8.19%	-11.67%	38.47%	496.21%	147.62%	109.49%	-184.03%
EBIT Q/Q Growth	5.07%	125.29%	-28.73%	-11.84%	-16.23%	12.91%	308.77%	-350.98%	102.11%	-442.26%
NOPAT Q/Q Growth	17.37%	121.69%	-32.44%	-8.73%	-86.32%	495.21%	387.88%	-104.70%	100.90%	-715.32%
Net Income Q/Q Growth	16.70%	88.65%	-35.36%	-10.41%	-87.46%	325.38%	119.49%	-34.54%	85.62%	-33,973.68%
EPS Q/Q Growth	26.97%	85.28%	-34.39%	-10.34%	-86.79%	327.74%	121.97%	-33.40%	87.88%	0.00%
Operating Cash Flow Q/Q Growth	44.58%	88.12%	-9.09%	-78.62%	-3.42%	17.07%	-29.06%	78.29%	12.37%	-24.55%
Free Cash Flow Firm Q/Q Growth	-49.59%	41.98%	40.14%	-72.73%	-54.53%	118.07%	-70.49%	204.32%	42.36%	82.55%
Invested Capital Q/Q Growth	-1.58%	-17.19%	26.78%	75.41%	-18.39%	73.49%	-24.09%	-65.91%	-18.81%	-19.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.32%	7.25%	12.96%	21.52%	26.89%	24.67%	25.01%	24.83%	26.70%	28.12%
EBITDA Margin	14.27%	6.81%	9.60%	16.25%	19.56%	19.13%	16.55%	0.44%	2.53%	-19.42%
Operating Margin	8.62%	1.33%	6.40%	12.38%	12.15%	13.14%	10.36%	-8.09%	0.36%	-32.35%
EBIT Margin	8.77%	1.50%	6.58%	12.61%	12.89%	13.81%	10.55%	-7.53%	0.88%	-32.15%
Profit (Net Income) Margin	4.00%	-0.70%	3.87%	8.10%	5.61%	45.22%	2.83%	-25.51%	-9.78%	-51.40%
Tax Burden Percent	77.69%	94.84%	73.42%	76.50%	67.02%	565.01%	57.39%	168.25%	95.70%	129.08%
Interest Burden Percent	58.67%	-49.42%	80.18%	83.99%	64.93%	57.96%	46.70%	201.30%	-1,163.75%	123.88%
Effective Tax Rate	22.31%	0.00%	26.58%	23.50%	32.98%	-424.17%	1.50%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	20.43%	4.42%	31.47%	44.38%	13.79%	158.65%	21.66%	-4.52%	0.12%	-11.46%
ROIC Less NNEP Spread (ROIC-NNEP)	8.81%	-12.92%	5.26%	32.56%	7.56%	101.21%	4.40%	-26.65%	-6.31%	-34.15%
Return on Net Nonoperating Assets (RNNOA)	21.37%	-10.42%	1.41%	38.46%	16.76%	1,846.31%	42.84%	-66.97%	-17.49%	-61.05%
Return on Equity (ROE)	41.79%	-6.00%	32.88%	82.84%	30.56%	2,004.97%	64.50%	-71.49%	-17.37%	-72.51%
Cash Return on Invested Capital (CROIC)	15.88%	-91.90%	97.54%	26.84%	18.08%	101.31%	85.49%	92.92%	23.58%	13.80%
Operating Return on Assets (OROA)	9.86%	1.56%	7.93%	17.88%	8.54%	11.71%	5.89%	-2.55%	0.25%	-10.98%
Return on Assets (ROA)	4.49%	-0.73%	4.67%	11.49%	3.72%	38.35%	1.58%	-8.65%	-2.80%	-17.55%
Return on Common Equity (ROCE)	31.70%	-5.42%	32.88%	82.84%	30.56%	1,918.97%	-122.64%	-18.53%	-8.04%	-50.94%
Return on Equity Simple (ROE_SIMPLE)	45.40%	-6.95%	31.90%	60.75%	30.36%	267.85%	-21.72%	675.43%	-43.66%	-237.75%
Net Operating Profit after Tax (NOPAT)	1,883	269	1,482	2,556	741	6,762	967	-519	23	-2,836
NOPAT Margin	6.69%	0.93%	4.70%	9.47%	8.14%	68.85%	10.21%	-5.66%	0.25%	-22.65%
Net Nonoperating Expense Percent (NNEP)	11.62%	17.34%	26.21%	11.82%	6.23%	57.44%	17.27%	22.13%	6.43%	22.69%
Return On Investment Capital (ROIC_SIMPLE)	14.18%	1.97%	12.49%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	79.68%	92.75%	87.04%	78.48%	73.11%	75.33%	74.99%	75.17%	73.30%	71.88%
SG&A Expenses to Revenue	7.22%	6.39%	3.63%	4.79%	8.91%	7.74%	8.43%	9.13%	11.33%	9.81%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.12%	0.24%	0.53%	1.23%
Operating Expenses to Revenue	11.70%	5.92%	6.57%	9.14%	14.74%	11.54%	14.64%	32.92%	26.34%	60.47%
Earnings before Interest and Taxes (EBIT)	2,468	431	2,074	3,404	1,172	1,356	1,000	-690	80	-4,025
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,015	1,962	3,029	4,385	1,779	1,879	1,569	40	230	-2,431
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.95	5.03	1.79	2.66	4.80	5.12	0.00	0.00	1.59	1.12
Price to Tangible Book Value (P/TBV)	0.00	0.00	148.76	0.00	18.63	29.28	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.65	0.39	0.22	0.36	0.89	0.86	1.03	0.83	0.36	0.24
Price to Earnings (P/E)	17.20	0.00	5.60	4.38	15.82	1.91	36.27	0.00	0.00	0.00
Dividend Yield	1.81%	3.00%	4.71%	3.32%	3.63%	0.36%	0.36%	0.50%	2.29%	6.01%
Earnings Yield	5.81%	0.00%	17.84%	22.81%	6.32%	52.26%	2.76%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.75	2.03	2.03	2.00	2.27	2.33	4.77	2.98	1.09	1.01
Enterprise Value to Revenue (EV/Rev)	0.92	0.63	0.20	0.46	1.31	1.30	1.53	1.91	2.04	1.74
Enterprise Value to EBITDA (EV/EBITDA)	6.46	9.32	2.11	2.86	6.71	6.80	9.24	438.13	80.85	0.00
Enterprise Value to EBIT (EV/EBIT)	10.51	42.44	3.08	3.68	10.19	9.43	14.50	0.00	232.43	0.00
Enterprise Value to NOPAT (EV/NOPAT)	13.78	68.05	4.31	4.90	16.13	1.89	14.99	0.00	804.96	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	11.25	0.00	17.76	25.40	6.50	9.05	10.53	10.89	9.75	16.17
Enterprise Value to Free Cash Flow (EV/FCFF)	17.72	0.00	1.39	8.10	12.30	2.96	3.80	1.64	4.08	6.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.36	3.70	2.10	2.21	5.17	3.55	-5.37	4.59	3.67	3.58
Long-Term Debt to Equity	3.96	3.49	2.08	2.21	5.17	3.50	-5.31	4.49	3.55	3.49
Financial Leverage	2.43	0.81	0.27	1.18	2.22	18.24	9.75	2.51	2.77	1.79
Leverage Ratio	9.30	8.19	7.04	7.21	8.22	52.28	40.89	8.27	6.20	4.13
Compound Leverage Factor	5.46	-4.05	5.65	6.06	5.34	30.30	19.10	16.64	-72.12	5.12
Debt to Total Capital	81.35%	78.72%	67.74%	68.89%	83.80%	78.04%	122.90%	82.10%	78.57%	78.14%
Short-Term Debt to Total Capital	7.50%	4.54%	0.53%	0.03%	0.01%	1.17%	1.36%	1.78%	2.46%	1.82%
Long-Term Debt to Total Capital	73.85%	74.19%	67.21%	68.85%	83.79%	76.87%	121.54%	80.32%	76.11%	76.32%
Preferred Equity to Total Capital	4.89%	4.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.36%	20.93%	11.69%	11.59%
Common Equity to Total Capital	13.76%	16.52%	32.26%	31.12%	16.20%	21.96%	-23.26%	-3.03%	9.74%	10.26%
Debt to EBITDA	2.69	5.48	2.65	1.82	4.89	3.14	4.16	234.60	71.62	-8.48
Net Debt to EBITDA	1.77	3.20	-0.15	0.67	2.18	2.28	3.04	188.23	56.10	-6.47
Long-Term Debt to EBITDA	2.44	5.16	2.63	1.82	4.89	3.09	4.11	229.50	69.38	-8.28
Debt to NOPAT	5.74	40.00	5.43	3.12	11.74	0.87	6.74	-18.09	713.12	-7.27
Net Debt to NOPAT	3.77	23.38	-0.30	1.15	5.23	0.63	4.93	-14.52	558.53	-5.54
Long-Term Debt to NOPAT	5.21	37.70	5.38	3.12	11.74	0.86	6.67	-17.70	690.78	-7.10
Altman Z-Score	2.11	1.51	1.68	2.12	1.44	1.50	1.04	0.19	0.29	0.03
Noncontrolling Interest Sharing Ratio	24.15%	9.65%	0.00%	0.00%	0.00%	4.29%	290.13%	74.07%	53.71%	29.76%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.02	1.02	1.25	1.37	3.15	1.31	1.50	1.32	1.43	1.69
Quick Ratio	0.81	0.84	1.01	1.02	2.80	0.95	0.98	0.74	0.65	1.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,464	-5,589	4,593	1,546	971	4,318	3,817	10,671	4,563	3,415
Operating Cash Flow to CapEx	0.00%	0.00%	139.53%	0.00%	1,232.89%	0.00%	0.00%	0.00%	629.70%	134.63%
Free Cash Flow to Firm to Interest Expense	1.42	-10.02	11.01	2.75	2.37	9.31	7.24	17.61	6.29	3.68
Operating Cash Flow to Interest Expense	2.23	-0.40	0.86	0.88	4.48	3.05	2.61	2.66	2.63	1.46
Operating Cash Flow Less CapEx to Interest Expense	2.26	2.13	0.24	1.88	4.12	5.34	4.84	2.95	2.21	0.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.12	1.04	1.21	1.42	0.66	0.85	0.56	0.34	0.29	0.34
Accounts Receivable Turnover	8.00	6.93	7.87	13.01	9.43	9.59	9.01	8.57	8.22	10.10
Inventory Turnover	41.32	39.37	43.96	51.35	18.73	18.61	16.43	11.73	6.77	7.20
Fixed Asset Turnover	14.87	16.68	18.66	12.75	0.00	0.00	2.10	0.86	0.53	0.61
Accounts Payable Turnover	9.27	8.96	9.28	14.49	9.70	9.34	8.86	8.86	7.94	9.33
Days Sales Outstanding (DSO)	45.61	52.65	46.39	28.06	38.72	38.08	40.51	42.59	44.38	36.13
Days Inventory Outstanding (DIO)	8.83	9.27	8.30	7.11	19.49	19.61	22.21	31.11	53.94	50.67
Days Payable Outstanding (DPO)	39.39	40.74	39.33	25.19	37.64	39.10	41.18	41.19	45.98	39.12
Cash Conversion Cycle (CCC)	15.05	21.18	15.36	9.98	20.57	18.59	21.54	32.52	52.34	47.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,430	9,011	3,153	6,264	5,254	5,484	3,040	5,890	17,080	21,620
Invested Capital Turnover	3.05	4.74	6.70	4.69	1.69	2.30	2.12	0.80	0.47	0.51
Increase / (Decrease) in Invested Capital	419	5,858	-3,111	1,010	-230	2,444	-2,850	-11,190	-4,540	-6,251
Enterprise Value (EV)	25,950	18,291	6,393	12,522	11,942	12,782	14,503	17,525	18,595	21,809
Market Capitalization	18,197	11,357	6,843	9,587	8,067	8,492	9,719	7,604	3,242	3,033
Book Value per Share	$9.02	$9.99	$16.62	$14.70	$6.88	$6.59	($4.26)	($1.09)	$6.47	$8.62
Tangible Book Value per Share	($30.07)	($29.90)	$0.20	($2.88)	$1.77	$1.15	($8.27)	($4.40)	($1.88)	($1.92)
Total Capital	13,286	13,659	11,867	11,570	10,372	7,549	5,306	11,430	20,965	26,375
Total Debt	10,808	10,753	8,039	7,970	8,692	5,891	6,521	9,384	16,473	20,610
Total Long-Term Debt	9,812	10,133	7,976	7,966	8,691	5,803	6,449	9,180	15,957	20,129
Net Debt	7,103	6,284	-450	2,935	3,875	4,290	4,765	7,529	12,902	15,718
Capital Expenditures (CapEx)	-29	-1,409	258	-561	149	-1,066	-1,176	-176	303	1,002
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,513	-3,580	-5,044	-1,948	-357	-396	-70	-386	77	-350
Debt-free Net Working Capital (DFNWC)	1,147	847	3,312	2,930	4,114	817	1,274	1,287	2,528	3,497
Net Working Capital (NWC)	151	227	3,249	2,926	4,113	729	1,202	1,083	2,012	3,016
Net Nonoperating Expense (NNE)	758	471	261	369	231	2,321	699	1,818	914	3,600
Net Nonoperating Obligations (NNO)	6,952	6,105	-675	2,664	3,574	3,826	4,255	3,844	12,588	15,855
Total Depreciation and Amortization (D&A)	1,547	1,531	955	981	607	523	569	730	150	1,594
Debt-free, Cash-free Net Working Capital to Revenue	-8.93%	-12.42%	-15.99%	-7.22%	-3.93%	-4.03%	-0.74%	-4.21%	0.85%	-2.80%
Debt-free Net Working Capital to Revenue	4.08%	2.94%	10.50%	10.86%	45.24%	8.32%	13.44%	14.05%	27.76%	27.93%
Net Working Capital to Revenue	0.54%	0.79%	10.30%	10.84%	45.23%	7.42%	12.68%	11.82%	22.09%	24.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.14	($1.12)	$5.17	$8.93	$2.08	$16.94	$0.88	($6.79)	($2.22)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	206M	228M	236M	245M	245M	262M	304M	0.00	316M	0.00
Adjusted Diluted Earnings per Share	$4.99	($1.12)	$5.17	$8.93	$2.07	$16.81	$0.87	($6.79)	($2.22)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	212M	228M	236M	245M	246M	264M	308M	317.64M	316M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($6.79)	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	198.07M	208.02M	229.77M	242.15M	244.69M	247.66M	281.00M	317.64M	315.97M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	1,773	-734	1,633	2,854	804	903	1,122	575	417	552
Normalized NOPAT Margin	6.30%	-2.55%	5.18%	10.57%	8.84%	9.19%	11.84%	6.27%	4.58%	4.41%
Pre Tax Income Margin	5.15%	-0.74%	5.27%	10.59%	8.37%	8.00%	4.93%	-15.16%	-10.22%	-39.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.39	0.77	4.97	6.06	2.86	2.92	1.90	-1.14	0.11	-4.34
NOPAT to Interest Expense	1.82	0.48	3.55	4.55	1.81	14.57	1.84	-0.86	0.03	-3.06
EBIT Less CapEx to Interest Expense	2.42	3.30	4.35	7.06	2.50	5.22	4.13	-0.85	-0.31	-5.42
NOPAT Less CapEx to Interest Expense	1.85	3.01	2.93	5.55	1.44	16.87	4.07	-0.57	-0.39	-4.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.00%	-188.61%	27.19%	14.59%	58.24%	0.77%	29.48%	-8.26%	-11.56%	-2.39%
Augmented Payout Ratio	119.11%	-757.92%	76.33%	16.78%	103.14%	33.19%	495.90%	-8.26%	-11.56%	-9.18%

This table displays calculated financial ratios and metrics derived from NRG Energy's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.18%	-9.10%	4.90%	-3.79%	-13.34%	-6.63%	-12.83%	-2.20%	11.48%	28.76%
EBITDA Growth	7.25%	-128.91%	94.63%	206.16%	224.98%	202.68%	-5.20%	-142.74%	-344.69%	-86.84%
EBIT Growth	14.15%	-240.35%	160.22%	159.03%	164.99%	224.86%	-29.11%	-163.01%	-182.53%	-92.39%
NOPAT Growth	38.87%	-220.52%	140.56%	159.32%	167.02%	274.52%	-29.31%	-159.23%	-174.95%	-92.74%
Net Income Growth	33.40%	-323.62%	139.61%	138.28%	144.02%	411.94%	-39.96%	-176.90%	-156.44%	-95.86%
EPS Growth	51.96%	-368.79%	169.60%	139.69%	145.84%	386.21%	-42.13%	-181.17%	-155.75%	-95.61%
Operating Cash Flow Growth	295.02%	-94.52%	85.26%	116.71%	117.24%	139.55%	-62.33%	-195.35%	-2.64%	-196.82%
Free Cash Flow Firm Growth	108.38%	109.23%	111.37%	112.19%	-339.38%	-754.78%	-240.25%	-211.89%	262.72%	-73.71%
Invested Capital Growth	4.65%	-11.95%	-0.27%	-3.42%	185.79%	337.52%	916.75%	223.81%	-49.66%	-30.36%
Revenue Q/Q Growth	-5.59%	8.47%	-10.36%	9.14%	-14.33%	25.17%	-17.79%	-1.69%	-7.70%	16.86%
EBITDA Q/Q Growth	558.16%	-117.26%	35.27%	5.27%	23.50%	16.23%	173.78%	-8.71%	-399.11%	-63.60%
EBIT Q/Q Growth	218.96%	-157.11%	56.65%	7.25%	46.26%	5.89%	135.54%	-18.08%	-831.07%	-76.89%
NOPAT Q/Q Growth	250.94%	-157.46%	54.28%	3.78%	31.00%	14.70%	138.04%	-17.24%	-832.09%	-78.35%
Net Income Q/Q Growth	183.83%	-203.93%	44.42%	6.02%	40.52%	11.36%	123.07%	-21.92%	-1,734.33%	-86.94%
EPS Q/Q Growth	181.79%	-212.46%	45.89%	13.24%	44.68%	12.80%	121.48%	-30.79%	-1,634.48%	-86.57%
Operating Cash Flow Q/Q Growth	2,970.97%	-97.06%	295.51%	10.79%	-57.42%	-0.70%	135.67%	-14.31%	2.31%	-194.58%
Free Cash Flow Firm Q/Q Growth	-40.00%	-28.07%	2.94%	118.23%	33.86%	11.47%	-10.43%	-470.19%	80.93%	-81.04%
Invested Capital Q/Q Growth	-1.58%	-7.46%	5.49%	6.79%	-17.19%	4.82%	2.17%	222.26%	26.78%	143.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.71%	-0.22%	34.58%	23.48%	3.22%	19.38%	21.83%	-13.68%	-12.48%	8.32%
EBITDA Margin	19.75%	-4.07%	25.57%	16.95%	18.45%	12.80%	13.78%	-15.36%	-12.79%	3.95%
Operating Margin	13.99%	-11.24%	21.17%	11.74%	12.30%	7.06%	8.35%	-19.99%	-16.77%	1.83%
EBIT Margin	14.08%	-11.17%	21.22%	12.14%	12.35%	7.24%	8.55%	-19.79%	-16.47%	2.08%
Profit (Net Income) Margin	9.43%	-10.62%	11.08%	6.88%	7.08%	4.32%	4.85%	-17.29%	-13.94%	0.79%
Tax Burden Percent	89.93%	75.64%	70.15%	73.53%	73.81%	84.07%	77.58%	79.89%	78.66%	80.72%
Interest Burden Percent	74.48%	125.65%	74.45%	77.05%	77.65%	70.96%	73.11%	109.36%	107.57%	46.89%
Effective Tax Rate	10.07%	0.00%	29.85%	26.47%	26.19%	15.93%	22.42%	0.00%	0.00%	19.28%
Return on Invested Capital (ROIC)	38.38%	-21.63%	41.32%	24.65%	43.01%	26.53%	34.58%	-66.03%	-78.62%	15.01%
ROIC Less NNEP Spread (ROIC-NNEP)	35.09%	-24.38%	37.68%	22.74%	38.01%	21.08%	27.13%	-75.83%	-96.03%	18.76%
Return on Net Nonoperating Assets (RNNOA)	85.10%	-58.24%	74.65%	48.49%	30.65%	11.50%	8.71%	-48.52%	-25.71%	-6.42%
Return on Equity (ROE)	123.49%	-79.87%	115.97%	73.14%	73.66%	38.03%	43.29%	-114.54%	-104.34%	8.60%
Cash Return on Invested Capital (CROIC)	15.88%	28.39%	26.49%	24.88%	-91.90%	-144.12%	-190.89%	-126.16%	97.54%	108.19%
Operating Return on Assets (OROA)	15.82%	-12.17%	22.35%	12.57%	12.91%	7.19%	8.22%	-20.98%	-19.86%	2.12%
Return on Assets (ROA)	10.60%	-11.57%	11.68%	7.12%	7.40%	4.29%	4.66%	-18.33%	-16.81%	0.80%
Return on Common Equity (ROCE)	93.67%	-62.67%	94.30%	58.23%	66.55%	35.17%	40.03%	-105.36%	-104.34%	8.60%
Return on Equity Simple (ROE_SIMPLE)	0.00%	38.25%	57.25%	49.86%	0.00%	-50.57%	-61.67%	-60.06%	0.00%	36.82%
Net Operating Profit after Tax (NOPAT)	858	-568	989	641	618	472	411	-1,081	-922	126
NOPAT Margin	12.58%	-7.87%	14.85%	8.63%	9.08%	5.94%	6.48%	-14.00%	-11.74%	1.48%
Net Nonoperating Expense Percent (NNEP)	3.29%	2.75%	3.65%	1.91%	5.00%	5.45%	7.45%	9.80%	17.41%	-3.74%
Return On Investment Capital (ROIC_SIMPLE)	6.46%	-	-	-	4.52%	-	-	-	-7.77%	-
Cost of Revenue to Revenue	75.29%	100.22%	65.42%	76.52%	96.78%	80.62%	78.17%	113.68%	112.48%	91.68%
SG&A Expenses to Revenue	2.98%	8.93%	8.89%	7.96%	4.30%	7.58%	8.22%	5.52%	0.88%	4.44%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.72%	11.02%	13.41%	11.74%	-9.08%	12.32%	13.48%	6.32%	4.29%	6.49%
Earnings before Interest and Taxes (EBIT)	960	-807	1,413	902	841	575	543	-1,528	-1,294	177
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,347	-294	1,703	1,259	1,256	1,017	875	-1,186	-1,005	336
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.95	10.01	5.43	5.71	5.03	2.98	3.09	3.09	1.79	1.64
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	148.76	6.71
Price to Revenue (P/Rev)	0.65	0.67	0.56	0.53	0.39	0.29	0.27	0.24	0.22	0.27
Price to Earnings (P/E)	17.20	20.87	8.04	9.58	0.00	0.00	0.00	0.00	5.60	4.45
Dividend Yield	1.81%	1.76%	2.03%	2.30%	3.00%	3.97%	4.04%	4.37%	4.71%	3.85%
Earnings Yield	5.81%	4.79%	12.43%	10.43%	0.00%	0.00%	0.00%	0.00%	17.84%	22.47%
Enterprise Value to Invested Capital (EV/IC)	2.75	2.76	2.27	2.27	2.03	1.55	1.56	1.52	2.03	2.41
Enterprise Value to Revenue (EV/Rev)	0.92	0.94	0.82	0.78	0.63	0.56	0.53	0.49	0.20	0.20
Enterprise Value to EBITDA (EV/EBITDA)	6.46	7.04	4.64	5.26	9.32	0.00	0.00	0.00	2.11	1.58
Enterprise Value to EBIT (EV/EBIT)	10.51	11.25	6.31	7.79	42.44	0.00	0.00	0.00	3.08	2.06
Enterprise Value to NOPAT (EV/NOPAT)	13.78	16.47	8.65	10.42	68.05	0.00	0.00	0.00	4.31	2.74
Enterprise Value to Operating Cash Flow (EV/OCF)	11.25	16.57	11.04	13.55	0.00	0.00	0.00	0.00	17.76	15.16
Enterprise Value to Free Cash Flow (EV/FCFF)	17.72	9.10	8.57	8.97	0.00	0.00	0.00	0.00	1.39	1.83
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.36	4.24	2.95	3.23	3.70	3.38	3.70	3.99	2.10	1.57
Long-Term Debt to Equity	3.96	4.14	2.88	2.90	3.49	3.10	3.27	3.68	2.08	1.55
Financial Leverage	2.43	2.39	1.98	2.13	0.81	0.55	0.32	0.64	0.27	-0.34
Leverage Ratio	9.30	8.55	7.87	8.64	8.19	6.96	7.34	7.30	7.04	6.54
Compound Leverage Factor	6.93	10.75	5.86	6.66	6.36	4.94	5.36	7.98	7.58	3.07
Debt to Total Capital	81.35%	80.91%	74.68%	76.38%	78.72%	77.18%	78.70%	79.98%	67.74%	61.04%
Short-Term Debt to Total Capital	7.50%	1.95%	1.83%	7.89%	4.54%	6.56%	9.01%	6.31%	0.53%	0.47%
Long-Term Debt to Total Capital	73.85%	78.95%	72.85%	68.49%	74.19%	70.63%	69.69%	73.67%	67.21%	60.57%
Preferred Equity to Total Capital	4.89%	4.92%	4.54%	4.66%	4.76%	4.22%	4.15%	4.23%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	13.76%	14.17%	20.78%	18.97%	16.52%	18.60%	17.14%	15.80%	32.26%	38.96%
Debt to EBITDA	2.69	2.84	2.11	2.51	5.48	-30.91	-11.55	-12.09	2.65	2.11
Net Debt to EBITDA	1.77	1.88	1.33	1.54	3.20	-19.82	-6.85	-7.20	-0.15	-0.63
Long-Term Debt to EBITDA	2.44	2.77	2.06	2.26	5.16	-28.28	-10.23	-11.13	2.63	2.09
Debt to NOPAT	5.74	6.66	3.93	4.99	40.00	-9.60	-8.09	-9.01	5.43	3.66
Net Debt to NOPAT	3.77	4.40	2.48	3.05	23.38	-6.16	-4.80	-5.37	-0.30	-1.10
Long-Term Debt to NOPAT	5.21	6.50	3.84	4.47	37.70	-8.79	-7.16	-8.30	5.38	3.64
Altman Z-Score	1.91	1.72	1.91	1.72	1.56	1.39	1.33	1.05	1.30	1.44
Noncontrolling Interest Sharing Ratio	24.15%	21.53%	18.69%	20.39%	9.65%	7.52%	7.53%	8.01%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.02	1.17	1.18	1.01	1.02	1.06	1.02	0.99	1.25	1.32
Quick Ratio	0.81	0.93	0.88	0.81	0.84	0.88	0.82	0.81	1.01	1.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	439	732	1,017	988	-5,240	-7,922	-8,949	-8,104	2,189	1,210
Operating Cash Flow to CapEx	528.89%	0.00%	1,111.58%	404.55%	0.00%	334.91%	331.40%	0.00%	-1,215.65%	-1,607.87%
Free Cash Flow to Firm to Interest Expense	1.79	3.43	2.79	4.71	-60.93	-45.79	-59.26	-54.76	21.05	11.52
Operating Cash Flow to Interest Expense	3.89	0.15	2.89	1.27	2.80	3.27	3.77	-10.80	-13.44	-13.63
Operating Cash Flow Less CapEx to Interest Expense	3.15	1.88	2.63	0.96	22.26	2.29	2.64	-10.28	-14.55	-14.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.12	1.09	1.05	1.04	1.04	0.99	0.96	1.06	1.21	1.02
Accounts Receivable Turnover	8.00	8.01	8.64	8.34	6.93	7.63	8.53	9.21	7.87	8.59
Inventory Turnover	41.32	40.87	35.26	36.35	39.37	41.35	47.10	58.19	43.96	42.05
Fixed Asset Turnover	14.87	15.63	16.50	15.84	16.68	17.69	18.42	18.04	18.66	0.00
Accounts Payable Turnover	9.27	11.40	10.95	10.87	8.96	11.43	12.06	13.77	9.28	10.58
Days Sales Outstanding (DSO)	45.61	45.58	42.24	43.78	52.65	47.81	42.79	39.62	46.39	42.50
Days Inventory Outstanding (DIO)	8.83	8.93	10.35	10.04	9.27	8.83	7.75	6.27	8.30	8.68
Days Payable Outstanding (DPO)	39.39	32.01	33.34	33.57	40.74	31.93	30.28	26.50	39.33	34.51
Cash Conversion Cycle (CCC)	15.05	22.50	19.26	20.25	21.18	24.71	20.26	19.39	15.36	16.67
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,430	9,581	10,353	9,814	9,011	10,881	10,381	10,161	3,153	2,487
Invested Capital Turnover	3.05	2.75	2.78	2.86	4.74	4.47	5.34	4.72	6.70	10.15
Increase / (Decrease) in Invested Capital	419	-1,300	-28	-347	5,858	8,394	9,360	7,023	-3,111	-1,084
Enterprise Value (EV)	25,950	26,427	23,524	22,282	18,291	16,829	16,243	15,482	6,393	6,001
Market Capitalization	18,197	18,716	16,144	15,115	11,357	8,547	8,291	7,504	6,843	8,408
Book Value per Share	$9.02	$9.06	$14.26	$12.67	$9.99	$12.52	$11.65	$10.58	$16.62	$21.82
Tangible Book Value per Share	($30.07)	($30.21)	($26.38)	($29.45)	($29.90)	($28.29)	($29.55)	($31.91)	$0.20	$5.33
Total Capital	13,286	13,200	14,310	13,957	13,659	15,418	15,644	15,383	11,867	13,166
Total Debt	10,808	10,680	10,687	10,660	10,753	11,900	12,312	12,303	8,039	8,036
Total Long-Term Debt	9,812	10,422	10,425	9,559	10,133	10,889	10,902	11,332	7,976	7,974
Net Debt	7,103	7,061	6,730	6,517	6,284	7,632	7,302	7,328	-450	-2,407
Capital Expenditures (CapEx)	180	-370	95	66	-1,673	169	172	-77	115	89
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,513	-2,049	-2,146	-2,907	-3,580	-2,573	-3,216	-3,986	-5,044	-5,658
Debt-free Net Working Capital (DFNWC)	1,147	1,521	1,766	1,193	847	1,549	1,655	853	3,312	4,659
Net Working Capital (NWC)	151	1,263	1,504	92	227	538	245	-118	3,249	4,597
Net Nonoperating Expense (NNE)	215	199	251	130	136	129	103	254	173	59
Net Nonoperating Obligations (NNO)	6,952	7,061	6,730	6,517	6,105	7,363	7,049	7,081	-675	-2,643
Total Depreciation and Amortization (D&A)	387	513	290	357	415	442	332	342	289	159
Debt-free, Cash-free Net Working Capital to Revenue	-8.93%	-7.29%	-7.44%	-10.19%	-12.42%	-8.61%	-10.57%	-12.71%	-15.99%	-18.41%
Debt-free Net Working Capital to Revenue	4.08%	5.41%	6.12%	4.18%	2.94%	5.19%	5.44%	2.72%	10.50%	15.16%
Net Working Capital to Revenue	0.54%	4.49%	5.21%	0.32%	0.79%	1.80%	0.81%	-0.38%	10.30%	14.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.10	($3.79)	$3.47	$2.36	$2.02	$1.42	$1.26	($5.82)	($4.45)	$0.29
Adjusted Weighted Average Basic Shares Outstanding	206M	207M	208M	209M	228M	230M	231M	230M	236M	235M
Adjusted Diluted Earnings per Share	$3.10	($3.79)	$3.37	$2.31	$2.04	$1.41	$1.25	($5.82)	($4.45)	$0.29
Adjusted Weighted Average Diluted Shares Outstanding	212M	207M	214M	214M	228M	232M	232M	230M	236M	235M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	198.07M	202.57M	206.38M	208.48M	208.02M	225.76M	229.12M	230.23M	229.77M	230.38M
Normalized Net Operating Profit after Tax (NOPAT)	866	-709	1,000	651	-392	487	426	-1,170	-904	149
Normalized NOPAT Margin	12.70%	-9.82%	15.02%	8.76%	-5.76%	6.13%	6.71%	-15.16%	-11.51%	1.75%
Pre Tax Income Margin	10.49%	-14.04%	15.80%	9.36%	9.59%	5.13%	6.25%	-21.64%	-17.72%	0.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.92	-3.79	3.87	4.30	9.78	3.32	3.60	-10.32	-12.44	1.69
NOPAT to Interest Expense	3.50	-2.67	2.71	3.05	7.18	2.73	2.72	-7.30	-8.86	1.20
EBIT Less CapEx to Interest Expense	3.18	-2.05	3.61	3.98	29.23	2.35	2.46	-9.80	-13.55	0.84
NOPAT Less CapEx to Interest Expense	2.77	-0.93	2.45	2.74	26.64	1.75	1.58	-6.78	-9.97	0.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.00%	42.32%	19.82%	25.06%	-188.61%	-21.08%	-16.45%	-18.05%	27.19%	17.58%
Augmented Payout Ratio	119.11%	191.49%	80.67%	25.06%	-757.92%	-30.75%	-28.13%	-18.05%	76.33%	45.26%

Frequently Asked Questions About NRG Energy's Financials

When does NRG Energy's fiscal year end?

According to the most recent income statement we have on file, NRG Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has NRG Energy's net income changed over the last 9 years?

NRG Energy's net income appears to be on a downward trend, with a most recent value of $1.13 billion in 2024, falling from -$6.44 billion in 2015. The previous period was -$202 million in 2023. Find out what analysts predict for NRG Energy in the coming months.

What is NRG Energy's operating income?

NRG Energy's total operating income in 2024 was $2.42 billion, based on the following breakdown:

Total Gross Profit: $5.72 billion
Total Operating Expenses: $3.29 billion

How has NRG Energy revenue changed over the last 9 years?

Over the last 9 years, NRG Energy's total revenue changed from $12.52 billion in 2015 to $28.13 billion in 2024, a change of 124.7%.

How much debt does NRG Energy have?

NRG Energy's total liabilities were at $21.54 billion at the end of 2024, a 6.9% decrease from 2023, and a 20.6% decrease since 2015.

How much cash does NRG Energy have?

In the past 9 years, NRG Energy's cash and equivalents has ranged from $250 million in 2021 to $3.91 billion in 2020, and is currently $966 million as of their latest financial filing in 2024.

How has NRG Energy's book value per share changed over the last 9 years?

Over the last 9 years, NRG Energy's book value per share changed from 8.62 in 2015 to 9.02 in 2024, a change of 4.7%.

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This page (NYSE:NRG) was last updated on 5/29/2025 by MarketBeat.com Staff

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NRG Energy (NRG) Financials

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NRG Energy (NRG) Financials

Annual Income Statements for NRG Energy

Quarterly Income Statements for NRG Energy

Annual Cash Flow Statements for NRG Energy

Quarterly Cash Flow Statements for NRG Energy

Annual Balance Sheets for NRG Energy

Quarterly Balance Sheets for NRG Energy

Annual Metrics And Ratios for NRG Energy

Quarterly Metrics And Ratios for NRG Energy

Frequently Asked Questions About NRG Energy's Financials

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