Company Analysis

NRG Energy, Inc. (NRG)

NYSE: NRG · Electric Services · Houston, TX · filing with the SEC since 1996
Grade5.0
◀ Past 5.0● Present 4.9▶ Future 5.2

The grade of NRG Energy, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.0/10
◀ Past5.025% of the headline
● Present4.945% of the headline
▶ Future5.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.0/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
1.5/10

Has it survived what it has been through?

3 warning events since 2017; the latest 2017-12-18.

weight 45% of this tense · 15th percentile among 59 sector filers · read for itself

From the record

NRG Energy, Inc.'s filings since 2017 show 3 warning events of 2 kinds: a bankruptcy or receivership notice (8-K item 1.03, 2 times, the latest 2017-12-18); a debt default or acceleration notice (8-K item 2.04, the latest 2017-06-14) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.3/10

What has it actually done, year after year?

+14.7% a year over 10 filed years; profitable in 7 of 10.

weight 22% of this tense · 53rd percentile among 51 sector filers · read for its customers

From the record

NRG Energy, Inc.'s 10 filed years say what it did: revenue went from $8.9 billion in fiscal 2016 to $31 billion in fiscal 2025, up 14.7% a year; it rose in 6 of 9 years; the deepest fall was 11% from fiscal 2022 to fiscal 2024; net income was positive in 7 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span14.7%top 13% of its family
  • the share of years revenue rosebottom 41% of its family
  • the share of filed years with a profitbottom 30% of its family
  • the deepest fall from a revenue peak10.8%top 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
9.6/10

How has it treated the people who own it?

Share count shrank 5.5% a year. 100% of cash flow returned. Insiders: 11 sales, 0 purchases.

weight 33% of this tense · 96th percentile among 39 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, NRG Energy, Inc.'s diluted share count shrank about 5.5% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 11 sales (11 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-04 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 5% of its family
  • cash returned against operating cash flowtop 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.9/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
6.7/10

Is it financially healthy right now?

ROE 51%: 51¢ of profit per shareholder dollar. Leverage 94%: owes 94¢ per asset dollar.

weight 45% of this tense · 67th percentile among 53 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, NRG Energy, Inc. earned about 51 cents of profit for every dollar of shareholders' money. Leverage: it owed about 94 cents per dollar of assets, and net share issuance: its share count shrank 6.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 6% of its family
  • return on equitytop 1% of its family
  • the share count against the year beforetop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.7/10

How strong is its position in its industry?

bottom 47% of 52 in its family; net margin 2.8%.

weight 33% of this tense · 47th percentile among 52 sector filers · read for its customers

From the record

NRG Energy, Inc.'s standing among 52 graded names in its industry family: revenue of $31 billion in fiscal 2025 ranks in the top 1% by size; a net margin of 2.8% ranks in the bottom 20%; revenue growth of -0.9% a year over the last 3 filed years ranks in the bottom 22% (its annual reports).

What it rests on

  • revenue against the family$30.71Btop 1% of its family
  • net margin2.8%bottom 20% of its family
  • three-year revenue growth-0.9%bottom 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
1.7/10

What are the people in charge doing?

bottom 17% of 30 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 17th percentile among 30 sector filers · read for its shareholders

From the record

NRG Energy, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Gaudette, Robert J (President & CEO, as filed), filing under that title since 2026-05-04, 6 months (bottom 7% of its family); the 23 officers and directors filing in the last fifteen months have been on the record a median of 2.9 years (bottom 22%); 12 officer or director changes were reported on Form 8-K since 2023-11-13, against the 23 people in charge now (bottom 23%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge12 in three years among 23 peoplebottom 23% of its family
  • the median years the people in charge have filed2.9 yearsbottom 22% of its family
  • the chief executive's years on the record6 monthsbottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.3/10

How much room does it have to grow?

bottom 43% of 47 in its family for room to expand.

weight 22% of this tense · 43rd percentile among 47 sector filers · read for itself

From the record

NRG Energy, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $4.7 billion against debt of $16 billion leaves -40.2% of its assets as net cash, bottom 27% of its family; cash from operations less capital spending is 2.5% of revenue (top 41%) (its annual report).

What it rests on

  • cash less debt against assets-40.2%bottom 27% of its family
  • cash from operations less capital spending against revenue2.5%top 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.9/10

What could actually drive growth from here?

bottom 49% of 51 in its family for growth drivers.

weight 45% of this tense · 49th percentile among 51 sector filers · read for its customers

From the record

NRG Energy, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -0.9% a year over the last three filed years against 14.7% over all 10, slowing (bottom 7% of its family); the newest year grew 9.2% (top 38%); research spending grew -28.6% a year (bottom 45%); capital spending grew 46.2% a year (top 16%) (its annual reports). NRG Energy, Inc. reported 4 lines of business in fiscal 2025: East at $14 billion, Texas at $11 billion, West and Other at $3.2 billion, and 1 more. 3 of 4 grew in the latest filed year, and the largest line is 46% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-15.6 points a yearbottom 7% of its family
  • the newest year's revenue growth9.2%top 38% of its family
  • three-year growth of research spending-28.6%bottom 45% of its family
  • three-year growth of capital spending46.2%top 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.2/10

Did its newest year beat what its own record pointed to?

top 38% of 49 in its family for expectations against reality.

weight 33% of this tense · 62nd percentile among 49 sector filers · read for its shareholders

From the record

NRG Energy, Inc.'s newest year against its own record: revenue of $31 billion in fiscal 2025 came in 15.6% above the $27 billion its prior three years' pace pointed to (top 17% of its family); net income of $864 million against a prior three-year average of $715 million (top 44%); a net margin of 2.8% against 2.4% before (bottom 48%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace15.6%top 17% of its family
  • net income against the prior three years' average+21%top 44% of its family
  • net margin against its prior average+0.4 pointsbottom 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NRG · research, not advice