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NRG Energy NRG Net debt / EBITDA

Net debt / EBITDA at other companies

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AmazonAMZN
0.9×+0.2×
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5.4×-0.2×
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VistraVST
3.4×+0.4×
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EntergyETR
4.9×-1.0×
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EvergyEVRG
4.9×0.0×
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Other financials

Income statement

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Revenue$10.3B+19.5%
Gross profit$1.4B-30.9%
Operating income$328.0M-71.1%
Net income$125.0M-83.3%
EPS (diluted)$0.52-85.6%

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$27.88B+59.6%
Enterprise value$54.52B+87.0%
P/E116.6×+104×
P/S0.9×+0.3×

Profitability

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Gross margin16.4%-5.0pp
Operating margin3.2%-6.0pp
Net margin0.7%-3.9pp

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 the most recent quarter.

The official record: NRG Energy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NRG Energy's net debt / EBITDA?
NRG Energy (NRG) reported net debt / EBITDA of 10.4× in Q1 2026.
How has NRG Energy's net debt / EBITDA changed year-over-year?
NRG Energy's net debt / EBITDA increased by 274.0% year-over-year, from 2.8× to 10.4×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.