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NRG Energy NRG Free cash flow margin

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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

Returns & leverage

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Return on equity6.2%-38.7pp
Debt / equity5.5×+1.1×
Current ratio0.8×-0.2×

Where this comes from

Calculated from NRG Energy’s reported figures.

Based on trailing twelve months.

The source filing: NRG Energy’s 10-Q, filed November 6, 2025. Open the filing →

Filed
Nov 6, 2025
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001013871-25-000025

FAQ

What is NRG Energy's free cash flow margin?
NRG Energy (NRG) reported free cash flow margin of 5.7% in Q3 2025.
What is the long-term trend for NRG Energy's free cash flow margin?
Over 2 years (2020 to 2024), NRG Energy's free cash flow margin has grown at a -37.9% compound annual growth rate (CAGR), from 17.7% to 6.8%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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