NRG Energy, Inc. income statement & cash flow
In the fiscal year ended Dec 31, 2025, NRG Energy, Inc. reported net income of $864.00M on revenue of $30.71B. Operating cash flow was $1.91B and capital expenditures were $1.15B, leaving $766.00M of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.91B | $9.07B | $9.48B | $9.82B | $9.09B | $26.99B | $31.54B | $28.82B | $28.13B | $30.71B |
| Operating income | $33.00M | −$741.00M | $982.00M | $1.29B | $1.10B | $3.34B | $2.02B | $384.00M | $2.42B | $1.84B |
| Net income | −$774.00M | −$2.15B | $268.00M | $4.44B | $510.00M | $2.19B | $1.22B | −$202.00M | $1.12B | $864.00M |
| Diluted EPS | −$2.22 | −$6.79 | $0.87 | $16.81 | $2.07 | $8.93 | $5.17 | −$1.12 | $4.99 | $4.01 |
| Operating cash flow | $1.91B | $1.61B | $1.38B | $1.41B | $1.84B | $493.00M | $360.00M | −$221.00M | $2.31B | $1.91B |
| Capital expenditures | $544.00M | $254.00M | $388.00M | $228.00M | $230.00M | $269.00M | $367.00M | $598.00M | $472.00M | $1.15B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 6.0% | 2.8% |
| Dec 2024 | — | 8.6% | 4.0% |
| Dec 2023 | — | 1.3% | -0.7% |
| Dec 2022 | — | 6.4% | 3.9% |
| Dec 2021 | — | 12.4% | 8.1% |
Source: SEC EDGAR XBRL company facts for CIK 1013871 (raw data). Most recent filing in this dataset: 10-Q filed Aug 4, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.