NRG Energy (NRG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NRG Energy

NYSE•Utilities•Utilities - Independent Power Producers

$105.99-2.48(-0.02%)Pre-market

Market Cap

$22.41B

P/E

26.4x

P/S

0.7x

P/B

4.6x

NRG Energy, Inc., together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through the Texas, East, West/Other, Vivint Smart Home, and Corporate Activities segments. The company offers retail electricity, energy management, demand response and virtual power plant programs, carbon offsets, smart home security, and automation services. It also offers system power, distributed and backup generation, energy storage, energy management, renewable and low-carbon products, and carbon management solutions for large business and commercial customers; a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions; and generation portfolio includes fossil fuel and renewable generation assets diversified by fuel type and dispatch level, with ongoing development of new natural gas and renewable projects. In addition, the company trades in power, natural gas, and related products; environmental products; weather products; and financial products, including forwards, futures, options, and swaps. It offers its products and services under the NRG, Reliant, Direct Energy, Green Mountain Energy, and Vivint. It serves residential, commercial, government, industrial, data center, and wholesale customers. NRG Energy, Inc. was founded in 1989 and is headquartered in Houston, Texas.

How this company scores

AverageMetricSide Score: 55/100

Strongest: Growth (22/25); weakest: Balance Sheet & Red Flags (6/25).

Profitability18/25

Growth22/25

Balance Sheet & Red Flags6/25

Cash & Earnings Quality9/25

Strengths

High ROERising earningsConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 26.4x5y range 2.3x – 122.3x

Currently above its 16-quarter median.

P/S · 0.7x5y range 0.2x – 1.1x

Currently above its 20-quarter median.

P/B · 4.6x5y range 1.7x – 18.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $22.41B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $33.13B
Q. Revenue: $7.48B
TTM EBITDA: $3.68B
TTM Op. Income: $2.02B
Q. Op. Income: $976.00M
TTM Net Income: $849.00M
Q. Net Income: $506.00M
EPS: $2.32
Shares Out.: $211.00M

$33.13B in TTM revenue grew 12.8% YoY, reaching $7.48B last quarter. TTM EBITDA of $3.68B and TTM operating income of $2.02B show growth is flowing through to the bottom line. TTM net income of $849.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 19.6%
Op. Margin: 13.0%
Net Margin: 6.8%

Op. margin of 13.0% is up 13.0% YoY — cost efficiency is improving. Net margin at 6.8% Over the past year, operating margin is up 0% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 26.4x
P/S Ratio: 0.7x
P/B Ratio: 4.6x

At 26.4x P/E, the stock trades within typical market levels. P/S of 0.7x and P/B of 4.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 56% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $39.94B
Cash: $162.00M
Long-Term Debt: $23.39B
Book Value: $4.86B
D/E Ratio: 4.8
Debt/EBITDA: 15.9

With $39.94B in assets and $23.39B in long-term debt, D/E is 4.8and book value is $4.86B — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 12% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.12B
TTM Free Cash Flow: $348.00M
FCF Margin: 1.1%
FCF / Net Income: 0.4

TTM FCF of $348.00M on $1.12B in operating cash flow. The FCF / Net Income ratio of 0.4x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 75% — an improving trend.