The full income statement, balance sheet, and cash-flow statement for NRG Energy Inc. (NRG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 30.7B+9.2% | 28.1B-2.4% | 28.8B-8.6% | 31.5B+16.9% | 27.0B+196.8% | ||
| Lease income | — | — | — | — | 8.00M-55.6% | |
| Selling, general & administrative | 2.60B+11.0% | 2.35B+12.0% | 2.09B+82.9% | 1.15B-11.4% | 1.29B+59.6% | |
| Amortization of intangibles | 673M-23.2% | 876M-12.5% | 1.00B+104.3% | 490M-1.0% | 495M+194.6% | |
| Provision for credit losses | 272M-13.4% | 314M+25.1% | 251M+2181.8% | 11.0M-98.4% | 698M+546.3% | |
| Operating income | 1.84B-23.9% | 2.42B+531.3% | 384M-81.0% | 2.02B-39.6% | 3.34B+202.4% | |
| Interest expense | 741M+13.8% | 651M-2.4% | 667M+60.0% | 417M-14.0% | 485M+20.9% | |
| Other non-operating income | 68.0M+54.5% | 44.0M-6.4% | 47.0M-16.1% | 56.0M-11.1% | 63.0M-6.0% | |
| Equity-method income | 11.0M-45.0% | 20.0M+25.0% | 16.0M+166.7% | 6.00M-64.7% | 17.0M+0.0% | |
| Pre-tax income | 1.13B-21.7% | 1.45B+779.8% | -213M-112.8% | 1.66B-41.8% | 2.86B+275.7% | |
| Income tax | 270M-16.4% | 323M+3036.4% | -11.0M-102.5% | 442M-34.2% | 672M+167.7% | |
| 864M-23.2% | 1.13B+656.9% | -202M-116.5% | 1.22B-44.2% | 2.19B+328.8% | ||
| Net income to non-controlling interest | — | — | — | — | 0.00 | |
| Net income to common | 797M-24.7% | 1.06B+513.3% | -256M-121.0% | 1.22B-44.2% | 2.19B+328.8% | |
| $4.01-19.6% | $4.99+545.5% | -$1.12-121.7% | $5.17-42.1% | $8.93+331.4% | ||
| EPS (basic) | $4.09-20.4% | $5.14+558.9% | -$1.12-121.7% | $5.17-42.1% | $8.93+329.3% | |
| Weighted-avg shares (basic) | 195M-5.3% | 206M-9.6% | 228M-3.4% | 236M-3.7% | 245M+0.0% | |
| Weighted-avg shares (diluted) | 199M-6.1% | 212M-7.0% | 228M-3.4% | 236M-3.7% | 245M-0.4% | |
| Dividends per share | $1.76+8.0% | $1.63+7.9% | $1.51+7.9% | $1.40+7.7% | $1.30+8.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 13.1B+46.7% | 8.96B-7.8% | 9.73B-40.1% | 16.2B+49.7% | 10.8B+79.8% | ||
| Cash & equivalents | 4.71B+387.4% | 966M+78.6% | 541M+25.8% | 430M+72.0% | 250M-93.6% | |
| Accounts receivable | 4.07B+16.5% | 3.49B-1.5% | 3.54B-25.8% | 4.77B+47.1% | 3.25B+259.0% | |
| Inventory | 461M-3.6% | 478M-21.3% | 607M-19.2% | 751M+50.8% | 498M+52.3% | |
| Prepaid expenses | 1.07B+28.8% | 830M+32.6% | 626M+63.4% | 383M-3.0% | 395M+53.7% | |
| 29.1B+21.3% | 24.0B-7.7% | 26.0B-10.7% | 29.1B+25.7% | 23.2B+55.6% | ||
| Operating lease right-of-use | 130M-13.9% | 151M-15.6% | 179M-20.4% | 225M-17.0% | 271M-10.0% | |
| Goodwill | 5.02B+0.1% | 5.01B-1.3% | 5.08B+207.8% | 1.65B-8.1% | 1.79B+210.0% | |
| Intangible assets | 2.31B-20.6% | 2.91B-25.9% | 3.93B+84.2% | 2.13B-15.1% | 2.51B+275.9% | |
| Deferred tax assets | 1.84B-10.8% | 2.07B-8.2% | 2.25B+19.7% | 1.88B-12.7% | 2.15B-29.7% | |
| Other non-current assets | 1.49B+30.5% | 1.15B+47.4% | 777M+203.5% | 256M+11.8% | 229M+6.0% | |
| 8.03B-8.9% | 8.81B-7.2% | 9.50B-26.8% | 13.0B+64.0% | 7.92B+313.3% | ||
| Accounts payable | 2.83B+12.8% | 2.51B+8.1% | 2.33B-36.2% | 3.64B+60.2% | 2.27B+250.4% | |
| Accrued liabilities | 1.86B-8.2% | 2.03B+23.7% | 1.64B | — | — | |
| Deferred revenue | 748M+5.2% | 711M-1.3% | 720M+309.1% | 176M | — | |
| Short-term & current debt | 31.0M-96.9% | 996M+60.6% | 620M+884.1% | 63.0M+1475.0% | 4.00M-99.6% | |
| Current lease liability | 35.0M-47.0% | 66.0M-26.7% | 90.0M+8.4% | 83.0M+2.5% | 81.0M+17.4% | |
| 27.5B+27.5% | 21.5B-6.9% | 23.1B-8.6% | 25.3B+29.3% | 19.6B+48.1% | ||
| Long-term debt | 16.4B+67.3% | 9.81B-3.2% | 10.1B+27.0% | 7.98B+0.1% | 7.97B-8.3% | |
| Deferred revenue (non-current) | 895M+3.8% | 862M-5.7% | 914M+9040.0% | 10.0M | — | |
| Non-current lease liability | 144M+23.1% | 117M-8.6% | 128M-28.9% | 180M-23.7% | 236M-15.1% | |
| Operating lease liability (total) | 179M-2.2% | 183M-16.1% | 218M-17.1% | 263M-17.0% | 317M-8.6% | |
| Finance lease liability (total) | 24.0M+71.4% | 14.0M-26.3% | 19.0M+72.7% | 11.0M-15.4% | 13.0M+225.0% | |
| Deferred tax liabilities | 15.0M+25.0% | 12.0M-45.5% | 22.0M-83.6% | 134M+83.6% | 73.0M+284.2% | |
| Other non-current liabilities | 861M+4.9% | 821M-13.3% | 947M-2.7% | 973M-2.0% | 993M-6.8% | |
| Total non-current liabilities | 19.4B+52.6% | 12.7B-6.6% | 13.6B+10.5% | 12.3B+5.7% | 11.7B+3.2% | |
| 1.68B-32.2% | 2.48B-14.7% | 2.91B-24.1% | 3.83B+6.3% | 3.60B+114.3% | ||
| Preferred stock | 650M+0.0% | 650M+0.0% | 650M | 0.00 | — | |
| Common stock | 2.00M+0.0% | 2.00M-33.3% | 3.00M-25.0% | 4.00M+0.0% | 4.00M+0.0% | |
| Additional paid-in capital | 215M-69.5% | 705M-79.4% | 3.42B-59.6% | 8.46B-0.9% | 8.53B+0.2% | |
| Retained earnings | 1.98B+29.1% | 1.53B+87.2% | 820M-41.8% | 1.41B+203.4% | 464M+133.1% | |
| Treasury stock | 1.09B+266.0% | 297M-84.3% | 1.89B-67.7% | 5.86B+11.2% | 5.27B+0.8% | |
| Accumulated other comprehensive income | -81.0M+30.8% | -117M-28.6% | -91.0M+48.6% | -177M-40.5% | -126M+38.8% | |
| Total equity incl. non-controlling | 1.68B-32.2% | 2.48B-14.7% | 2.91B-24.1% | 3.83B+6.3% | 3.60B+114.3% | |
| Total liabilities & equity | 29.1B+21.3% | 24.0B-7.7% | 26.0B-10.7% | 29.1B+25.7% | 23.2B+55.6% | |
| Common shares issued | 200M-2.6% | 205M-23.3% | 267M-36.9% | 424M+0.1% | 424M+0.1% | |
| Common shares outstanding | 190M-4.1% | 199M-4.6% | 208M-9.3% | 230M-5.8% | 244M-0.2% | |
| Shares outstanding (cover) | 215M+8.4% | 198M-4.8% | 208M-9.5% | 230M-5.1% | 242M-1.0% | |
| Treasury shares | 9.45M+46.3% | 6.46M-89.1% | 59.2M-69.5% | 194M+8.1% | 180M+0.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.91B-17.0% | 2.31B+1143.4% | -221M-161.4% | 360M-27.0% | 493M-73.2% | ||
| Depreciation & amortization | 896M-16.3% | 1.07B-8.8% | 1.17B+70.6% | 688M-17.7% | 836M+71.0% | |
| Intangible amortization | 673M-23.2% | 876M-12.5% | 1.00B+104.3% | 490M-1.0% | 495M+194.6% | |
| Share-based compensation | 134M+31.4% | 102M+1.0% | 101M+260.7% | 28.0M+33.3% | 21.0M-4.5% | |
| Deferred income taxes | 222M+22.7% | 181M+266.1% | -109M-129.4% | 371M-40.3% | 621M+176.0% | |
| Change in receivables | 760M+107.7% | 366M+136.5% | -1.00B-164.4% | 1.56B+26.6% | 1.23B | |
| Change in inventory | -30.0M+73.0% | -111M+41.3% | -189M-175.0% | 252M+313.1% | 61.0M+325.9% | |
| Change in payables | 192M+12.9% | 170M+111.7% | -1.46B-212.4% | 1.29B+172.1% | 476M+950.0% | |
| -1.64B-6725.0% | -24.0M+97.4% | -910M-174.1% | -332M+89.1% | -3.04B-515.2% | ||
| Capital expenditure | 1.15B+143.0% | 472M-21.1% | 598M+62.9% | 367M+36.4% | 269M+17.0% | |
| Free cash flow | 766M-58.2% | 1.83B+323.9% | -819M-11600.0% | -7.00M-103.1% | 224M-86.1% | |
| Acquisitions | 0.00 | — | — | — | — | |
| Other investing activities | — | — | — | — | 0.00 | |
| 3.55B+302.1% | -1.75B-338.8% | -400M-138.4% | 1.04B+483.5% | -272M-112.3% | ||
| Long-term debt issued | 6.68B+108.6% | 3.20B+337.8% | 731M | 0.00-100.0% | 1.10B-66.0% | |
| Long-term debt repaid | — | — | — | 0.00 | — | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 1.00M+0.0% | |
| Common stock repurchased | 1.31B+40.2% | 935M-18.7% | 1.15B+91.7% | 600M+1150.0% | 48.0M-79.0% | |
| Dividends paid | 411M+1.5% | 405M+6.3% | 381M+14.8% | 332M+4.1% | 319M+8.1% | |
| FX effect on cash | 4.00M+233.3% | -3.00M-250.0% | 2.00M+166.7% | -3.00M-50.0% | -2.00M+0.0% | |
| Net change in cash | 3.83B+630.0% | 524M+134.3% | -1.53B-243.2% | 1.07B+137.9% | -2.82B-179.5% | |
| Interest paid | 572M-8.6% | 626M+14.2% | 548M+43.1% | 383M-11.5% | 433M+27.4% | |
| Income taxes paid | 67.0M-63.2% | 182M+279.2% | 48.0M-27.3% | 66.0M+106.3% | 32.0M+33.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 30.3B+69.2% | 17.9B+53.5% | 11.7B+59.2% | 7.33B-30.2% | 10.5B+14.5% | |
| P/E | 35.1×+120.3% | 15.9× | — | 3.9×-19.2% | 4.8×-73.3% | |
| P/S | 1.0×+55.0% | 0.6×+63.0% | 0.4×+63.8% | 0.2×-38.7% | 0.4×-61.4% | |
| P/B | 18.0×+149.4% | 7.2×+117.9% | 3.3×+132.2% | 1.4×-51.0% | 2.9×-46.6% | |
| P/FCF | 39.6×+305.1% | 9.8× | — | 76.4×+62.9% | 46.9×+721.5% | |
| Earnings yield | 2.9%-54.6% | 6.3% | — | 25.8%+23.7% | 20.8%+274.5% | |
| FCF yield | 2.5%-75.3% | 10.2% | — | 1.3%-38.6% | 2.1%-87.8% | |
| Dividend yield | 1.1%-38.8% | 1.8%-38.1% | 2.9%-33.6% | 4.4%+45.8% | 3.0%-5.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: NRG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NRG filings on SEC EDGAR → Not investment advice.
