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Screener / SEC EDGAR /CIK 0001013871 /10-K filed Feb 24, 2026, compared with Feb 26, 2025 /Numbers from the XBRL of the 10-Ks
Utilities peers:
CEGNRGDUKPCGNEESO
NYSE Utilities · Electric Utilities

NRG Energy NRG

NRG quote by TradingView
Headquarters
Houston, TX
CEO
Robert J. Gaudette
Next results
around Feb 23, 2027
Compare with peers Embed

NRG among Utilities peers

Six ratios from the latest 10-K. Each corner is the share of 30 peers the company is above, not a score.

Compare
Revenue growth: 9.2%, above 43% of 30 peers (their median 9.7%) REVENUE GROWTH 9.2% · above 43% Operating margin: 7.7%, above 0% of 28 peers (their median 23.1%) OPERATING MARGIN 7.7% · above 0% Net margin: 3.6%, above 0% of 30 peers (their median 14.1%) NET MARGIN 3.6% · above 0% FCF margin: 2.0%, above 83% of 23 peers (their median -16.0%) FCF MARGIN 2.0% · above 83% Return on capital: 5.0%, above 36% of 28 peers (their median 5.3%) RETURN ON CAPITAL 5.0% · above 36%
NRG Peer median Below the median

What changed

25 new risk paragraphs. 10-K filed Feb 24, 2026 against Feb 26, 2025.

Risk factors
25 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
11 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 11 checks found nothing to note

  • Receivables +16.5% vs revenue +9.2% (+7.4 pts)
  • Cash from operations $1.9B vs net income $864.0M (FY ending Dec 31, 2025)
  • Inventory -3.6% vs revenue +9.2% (-12.7 pts)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: KPMG LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Evaluation of the sufficiency of audit evidence over revenues
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

25 paragraphs in Risk Factors that were not in the 10-K filed Feb 26, 2025. Quoted as filed.

All 25 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    The integration of NRG and the LSP Portfolio may disrupt or have a negative impact on the Company’s business. The LSP Portfolio is comprised of 13 GW of natural gas-fired generation and dual fuel assets and a demand response platform. The acquisition significantly increases NRG’s owned generation capacity and operational footprint. The…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    Inflation and customer affordability concerns may limit the Company’s ability to recover costs, constrain its pricing and reduce market demand for its products and services. The Company’s electricity, natural gas, and smart home businesses are exposed to the risk that sustained inflation, commodity price volatility and other…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    The Company’s consumer product and home services offerings expose it to installation-related damage claims, product liability, insurance limitations, and reputational risk.
  4. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    The Company’s use of, or failure to effectively adopt, AI systems in its operations, services and products poses operational, competitive, cybersecurity, legal and compliance risks that could adversely affect the Company.

New risk paragraphs, against peers

Latest 10-K of each, Utilities companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$31.5B$28.8B$28.1B$30.7B
Net income$1.2B−$202.0M$1.1B$864.0M
Operating cash flow$360.0M−$221.0M$2.3B$1.9B
Free cash flow−$7.0M−$819.0M$1.8B$766.0M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$30.7B ▲ 9.2% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

NRG Energy, Houston, TX · from the 10-K filed Feb 24, 2026

NRG Energy, Inc., or NRG or the Company, serves electricity, natural gas, and smart-home technology solutions to approximately 8 million residential customers (comprised of 6 million retail energy and 2 million smart home), in addition to large commercial and industrial, data center, and wholesale customers. Across North America, NRG is redefining customers’ experience with energy under brand names such as NRG, Reliant, Direct Energy, Green Mountain Energy, and Vivint.

Headquarters
Houston, TX
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 9, 2026
Incorporated in
DE

Email alerts

Sources

The 10-K filed Feb 24, 2026 (open at SEC), compared with the 10-K filed Feb 26, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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