NRG ENERGY, INC. (NRG) closed fiscal year 2025 with a gross margin of 19.4 % and a net margin of 2.8 %.
NRG ENERGY, INC. (NRG) closed fiscal year 2025 with a gross margin of 19.4 % and a net margin of 2.8 %. The same year shows an EBITDA margin of 8.9 % and an EBIT margin of 6.0 %. The free cash flow margin was 2.5 %. Against the previous year the gross margin moved −2.1 pp and the net margin −1.2 pp. Across the period the gross margin ranges between 8.1 % in 2023 and 47.7 % in 2008. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 43.60 % | 47.74 % | 40.54 % | 31.37 % | 25.71 % | 27.10 % | 28.02 % | 25.59 % | 27.00 % | 25.11 % | 24.11 % | 25.01 % | 25.64 % | 28.08 % | — | 13.00 % | 8.12 % | 21.44 % | 19.38 % |
| EBITDA margin (%) | 37.03 % | 42.44 % | 33.26 % | 24.25 % | 16.86 % | 15.44 % | 14.16 % | 17.61 % | -21.90 % | 9.03 % | -1.60 % | 14.80 % | 16.93 % | 16.94 % | 15.29 % | 8.41 % | 5.24 % | 12.42 % | 8.92 % |
| EBIT margin (%) | 26.05 % | 33.01 % | 24.12 % | 14.78 % | 6.99 % | 4.16 % | 3.04 % | 8.01 % | -32.86 % | 0.37 % | -8.17 % | 10.36 % | 13.14 % | 12.15 % | 12.38 % | 6.40 % | 1.33 % | 8.62 % | 6.01 % |
| Net margin (%) | 9.57 % | 17.79 % | 10.52 % | 5.39 % | 2.17 % | 3.50 % | -3.42 % | 0.84 % | -51.77 % | -8.68 % | -23.73 % | 2.83 % | 45.19 % | 5.61 % | 8.10 % | 3.87 % | -0.70 % | 4.00 % | 2.81 % |
| FCF margin (%) | 17.30 % | 8.42 % | 15.33 % | 10.36 % | -12.60 % | -26.68 % | -6.35 % | 3.79 % | 2.60 % | 15.30 % | 14.94 % | 10.43 % | 12.07 % | 17.67 % | 0.83 % | -0.02 % | -2.84 % | 6.52 % | 2.49 % |
