NRG Energy (NRG) Financials

$95.50 +1.03 (+1.09%)

As of 01:10 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-6,402	-701	-2,153	268	4,438	510	2,187	1,221	-256	1,058
Consolidated Net Income / (Loss)	-6,436	-891	-2,337	268	4,441	510	2,187	1,221	-202	1,125
Net Income / (Loss) Continuing Operations	-6,331	-956	-1,345	460	4,120	510	2,187	1,221	-202	1,125
Total Pre-Tax Income	-4,986	-931	-1,389	467	786	761	2,859	1,663	-213	1,448
Total Operating Income	-4,051	33	-741	982	1,290	1,105	3,341	2,018	384	2,424
Total Gross Profit	3,521	2,432	2,275	2,370	2,423	2,445	5,809	4,089	2,089	5,716
Total Revenue	12,521	9,108	9,161	9,478	9,821	9,093	26,989	31,543	28,823	28,130
Operating Revenue	12,521	9,108	9,161	9,478	9,821	9,093	26,989	31,543	28,823	28,130
Total Cost of Revenue	9,000	6,676	6,886	7,108	7,398	6,648	21,180	27,454	26,734	22,414
Operating Cost of Revenue	9,000	6,676	6,886	7,108	7,303	6,540	20,482	27,443	26,483	22,100
Other Cost of Revenue	-	-	-	-	95	108	698	11	251	314
Total Operating Expenses	7,572	2,399	3,016	1,388	1,133	1,340	2,468	2,071	1,705	3,292
Selling, General & Admin Expense	1,228	1,032	836	799	760	810	1,293	1,145	1,843	2,031
Depreciation Expense	1,351	756	596	421	373	435	785	720	1,295	1,403
Impairment Charge	4,860	483	1,534	99	5.00	75	544	206	26	36
Restructuring Charge	-	-	44	90	2.00	23	93	52	119	30
Other Special Charges / (Income)	-21	80	-16	-32	-7.00	-3.00	-247	-52	-1,578	-208
Total Other Income / (Expense), net	-935	-964	-648	-515	-504	-344	-482	-355	-597	-976
Interest Expense	927	725	606	527	464	410	562	417	558	1,033
Interest & Investment Income	-34	-286	-93	-6.00	-106	-1.00	17	6.00	-86	13
Other Income / (Expense), net	26	47	51	18	66	67	63	56	47	44
Income Tax Expense	1,345	25	-44	7.00	-3,334	251	672	442	-11	323
Preferred Stock Dividends Declared	20	-73	-	-	-	-	0.00	0.00	54	67
Basic Earnings per Share	($19.46)	($2.22)	($6.79)	$0.88	$16.94	$2.08	$8.93	$5.17	($1.12)	$5.14
Weighted Average Basic Shares Outstanding	0.00	316M	317M	304M	262M	245M	245M	236M	228M	206M
Diluted Earnings per Share	($19.46)	($2.22)	($6.79)	$0.87	$16.81	$2.07	$8.93	$5.17	($1.12)	$4.99
Weighted Average Diluted Shares Outstanding	329M	316M	317M	308M	264M	246M	245M	236M	228M	212M
Weighted Average Basic & Diluted Shares Outstanding	329M	316M	317.10M	304.50M	247.66M	244.69M	242.15M	229.77M	208.02M	198.07M
Cash Dividends to Common per Share	$0.58	$0.24	$0.12	$0.12	$0.12	$1.20	$1.30	$1.40	$1.51	$1.63

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

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

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

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

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

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

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

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

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

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.

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 4/14/2025 by MarketBeat.com Staff

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NRG Energy (NRG) Financials

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NRG Energy (NRG) Financials

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