NRG Energy, Inc.
NYSE:NRG · New York Stock Exchange
+$1.77 today
Vol 1.98M · Avg 2.62M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:NRG · Revenue to Net Income
Key Ratios
Analysis
$32.4B of revenue converted into $239.0M of net income for the selected period. Gross margin is 17.8% and net margin is 0.6%, showing how much revenue survives after costs and taxes. EPS is $0.85, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30.7B +9.2% | $28.1B -2.4% | $28.8B -8.6% | $31.5B +16.9% | $27.0B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $24.0B +8.6% | $22.1B -16.7% | $26.5B -3.3% | $27.4B +34.0% | $20.5B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $6.7B +11.3% | $6.0B +162.5% | $2.3B -44.0% | $4.1B -37.0% | $6.5B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 21.8% +0.4pp | 21.4% +13.5pp | 8.0% -5.0pp | 13.0% -11.1pp | 24.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $4.8B +106.4% | $2.3B +27.2% | $1.8B +61.0% | $1.1B -11.4% | $1.3B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $4.9B +34.8% | $3.6B +88.5% | $1.9B -8.1% | $2.1B -34.2% | $3.2B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $2.0B +39.3% | $1.4B +8.3% | $1.3B +79.9% | $720.0M -13.9% | $836.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $3.8B +8.7% | $3.5B +100.2% | $1.7B -37.5% | $2.8B -33.0% | $4.2B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 12.4% -0.1pp | 12.4% +6.4pp | 6.1% -2.8pp | 8.9% -6.6pp | 15.5% | 5.6% | 46.3% | 42.0% |
| Operating Income | $1.9B -23.7% | $2.4B +531.3% | $384.0M -81.0% | $2.0B -39.6% | $3.3B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 6.0% -2.6pp | 8.6% +7.3pp | 1.3% -5.1pp | 6.4% -6.0pp | 12.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $772.0M +18.6% | $651.0M -2.4% | $667.0M +60.0% | $417.0M -14.0% | $485.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$772.0M +20.9% | -$976.0M -63.5% | -$597.0M -68.2% | -$355.0M +26.3% | -$482.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $1.1B -25.6% | $1.4B +779.8% | -$213.0M -112.8% | $1.7B -41.8% | $2.9B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 3.5% -1.6pp | 5.1% +5.9pp | -0.7% -6.0pp | 5.3% -5.3pp | 10.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $214.0M -33.7% | $323.0M +3036.4% | -$11.0M -102.5% | $442.0M -34.2% | $672.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $864.0M -23.2% | $1.1B +656.9% | -$202.0M -116.5% | $1.2B -44.2% | $2.2B | $4.9B | $4.8B | $4.7B |
| Net Margin | 2.8% -1.2pp | 4.0% +4.7pp | -0.7% -4.6pp | 3.9% -4.2pp | 8.1% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $4 -20.4% | $5 +558.9% | -$1 -121.7% | $5 -42.1% | $9 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $4 -19.6% | $5 +545.5% | -$1 -121.7% | $5 -42.1% | $9 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $195.0M -5.3% | $206.0M -9.6% | $228.0M -3.4% | $236.0M -3.7% | $245.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $199.0M -6.1% | $212.0M -7.0% | $228.0M -3.4% | $236.0M -3.7% | $245.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Public Service Enterprise Group Incorporated
NYSE:PEG
$39.72B
Consolidated Edison, Inc.
NYSE:ED
$39.71B
PG&E Corporation
NYSE:PCG
$37.33B
WEC Energy Group, Inc.
NYSE:WEC
$36.95B
DTE Energy Company
NYSE:DTE
$30.67B
Ameren Corporation
NYSE:AEE
$30.17B
Atmos Energy Corporation
NYSE:ATO
$28.37B
PPL Corporation
NYSE:PPL
$26.97B
Eversource Energy
NYSE:ES
$25.83B
Talen Energy Corporation
NASDAQ:TLN
$16.47B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does NRG generate?
NRG Energy, Inc. (NRG) reported $30.71B of revenue in fiscal 2025.
Is NRG profitable?
NRG Energy, Inc. (NRG) reported $864.00M of net income, with a net margin of 2.8%.
Explore More
Continue the stock analysis
Jump to another research area for this company.