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NRG Energy NRG Debt-to-equity

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Other financials

Income statement

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Revenue$7.5B+11.0%
Gross profit$1.4B-30.9%
Operating income$328.0M-71.1%
Net income$506.0M+587%
EPS (diluted)$2.31+473%

Balance sheet

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Cash & equivalents$178.0M-74.3%
Total debt$26.8B+122%
Total equity$4.9B+75.5%
Total assets$40.1B+60.3%

Cash flow

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Operating cash flow-$169.0M-120%
CapEx$317.0M+46.1%
Free cash flow-$486.0M-176%

Valuation

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Market cap$28.33B-16.7%
Enterprise value$54.97B+87.0%
P/E33.4×-31.8×
P/S0.9×-0.3×

Profitability

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Gross margin16.4%-5.0pp
Operating margin3.2%-6.0pp
Net margin2.6%+0.8pp
FCF margin5.7%

Returns & leverage

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Return on equity6.2%-38.7pp
Current ratio0.8×-0.2×

Where this comes from

Calculated from NRG Energy’s reported figures.

Based on the most recent quarter.

The source filing: NRG Energy’s 10-Q, filed May 6, 2026. Open the filing →

Filed
May 6, 2026, 3:42 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001013871-26-000012

FAQ

What is NRG Energy's debt-to-equity?
NRG Energy (NRG) reported debt-to-equity of 5.5× in Q1 2026.
How has NRG Energy's debt-to-equity changed year-over-year?
NRG Energy's debt-to-equity increased by 26.4% year-over-year, from 4.4× to 5.5×.
What is the long-term trend for NRG Energy's debt-to-equity?
Over 5 years (2020 to 2025), NRG Energy's debt-to-equity has grown at a 12.8% compound annual growth rate (CAGR), from 5.5× to 10×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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