NRG Energy Valuation Multiples

NRG Energy Overview

About NRG Energy

NRG Energy is one of the largest retail energy providers in the US, with 6 million customers. Vivint Smart Home, which NRG acquired in 2023, has 2 million home-services customers. NRG also is one of the largest US independent power producers, with 13 gigawatts of coal, gas, and oil power generation capacity primarily in Texas. The LS Power asset acquisition adds 13 GW of gas-fired power plants mostly in the Eastern US. NRG exited Chapter 11 bankruptcy as a stand-alone entity in December 2003.

Founded

1992

HQ

Employees

16.7K

Website

nrg.com

Sectors

UtilitiesEnergy ServicesEnergy Production

Financials (LTM)

Revenue: $32B

EBITDA: $4B

EV

$50B

Valuation Multiples

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NRG Energy Financials

NRG Energy reported last 12-month revenue of $32B and EBITDA of $4B.

In the same LTM period, NRG Energy generated $7B in gross profit, $4B in EBITDA, and $2B in net income.

NRG Energy P&L

In the most recent fiscal year, NRG Energy reported revenue of $31B and EBITDA of $4B.

NRG Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX

NRG Energy Stock Performance

NRG Energy has current market cap of $38B, and enterprise value of $50B.

NRG Energy's stock price is $175.58.

NRG Energy Valuation Multiples

NRG Energy trades at 1.6x EV/Revenue multiple, and 11.3x EV/EBITDA.

NRG Energy Financial Valuation Multiples

As of April 1, 2026, NRG Energy has market cap of $38B and EV of $50B.

Equity research analysts estimate NRG Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

NRG Energy has a P/E ratio of 22.5x.

NRG Energy Margins & Growth Rates

NRG Energy's revenue in the last 12 month grew by 11%.

NRG Energy's revenue per employee in the last FY averaged $1.8M, while opex per employee averaged $0.2M for the same period.

NRG Energy's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

NRG Energy's rule of X is 50% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

NRG Energy Public Comps

See public comps and valuation multiples for other Utilities and Energy Services comps.

NRG Energy M&A Activity

NRG Energy acquired XXX companies to date.

Last acquisition by NRG Energy was on XXXXXXXX, XXXXX. NRG Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

NRG Energy Investment Activity

NRG Energy invested in XXX companies to date.

NRG Energy made its latest investment on XXXXXXXX, XXXXX. NRG Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).