Company / Operating Margin
NRG Energy Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
6.0%
FY2025
5-year range
1.3% / 13.1%
FY2021-FY2025
Trend
-30.3%
vs FY2024
Sector context
#57 of 61
Utilities
What the data says
Among 61 Utilities companies, NRG Energy is in the bottom 7% for operating margin. Operating Margin has fluctuated over the past 10 years, ranging from -8.2% in FY2017 to 13.1% in FY2021.
Based on SEC 10-K filings.
6.0% in FY2025 with a 5-year CAGR of -6.1%.
Improved from 1.3% to 6.0% over the past 2 years.
Utilities sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -6.1pp
- 5-Year Change
- -6.1pp
- 10-Year Change
- -
Sector benchmark
Bottom 7% in UtilitiesTop 93% of 61This company 6.0% Sector average 21.7%
▼
-72.3% below sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 30.3% year-over-year.
- Currently 15.6pp below the Utilities sector average.
- Peak operating margin was recorded in FY2021.
- Lowest operating margin in the period was in FY2017.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 73.2%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 6.0% | -30.3% |
| FY2024 | 8.6% | +548.1% |
| FY2023 | 1.3% | -89.1% |
| FY2022 | 12.2% | -7.5% |
| FY2021 | 13.1% | +8.1% |
| FY2020 | 12.2% | -7.5% |
| FY2019 | 13.1% | +3451.4% |
| FY2018 | 0.4% | +104.5% |
| FY2017 | -8.2% | -2308.1% |
| FY2016 | 0.4% | -87.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026