Nrg Energy annual debt-to-equity ratio
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2025
Nrg Energy Debt-to-Equity Ratio Growth & History (NRG)
Nrg Energy's debt-to-equity ratio was 9.98 for fiscal 2025.
View full Nrg Energy company overviewNrg Energy annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 9.98 | 5.51 | +123.05% |
| 2024 | 2024-12-31 | 4.47 | 0.63 | +16.35% |
| 2023 | 2023-12-31 | 3.85 | 1.66 | +75.82% |
| 2022 | 2022-12-31 | 2.19 | −0.15 | −6.58% |
| 2021 | 2021-12-31 | 2.34 | −3.14 | −57.27% |
| 2020 | 2020-12-31 | 5.48 | 1.50 | +37.70% |
| 2019 | 2019-12-31 | 3.98 | — | — |
| 2017 | 2017-12-31 | 4.83 | 1.07 | +28.42% |
| 2016 | 2016-12-31 | 3.76 | 0.14 | +4.01% |
| 2015 | 2015-12-31 | 3.61 | 1.87 | +107.09% |
| 2014 | 2014-12-31 | 1.74 | 0.14 | +8.61% |
| 2013 | 2013-12-31 | 1.61 | 0.06 | +3.88% |
| 2012 | 2012-12-31 | 1.55 | 0.26 | +20.64% |
| 2011 | 2011-12-31 | 1.28 | 0.14 | +12.35% |
| 2010 | 2010-12-31 | 1.14 | 0.05 | +4.34% |
| 2009 | 2009-12-31 | 1.09 | 0.01 | +1.21% |
| 2008 | 2008-12-31 | 1.08 | — | — |
Nrg Energy quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 4.87 | −0.03 | −0.56% |
| Q1 2026 | 2026-03-31 | 4.80 | 0.81 | +20.39% |
| Q4 2025 | 2025-12-31 | 9.98 | 5.51 | +123.05% |
| Q3 2025 | 2025-09-30 | 6.20 | 1.81 | +41.22% |
| Q2 2025 | 2025-06-30 | 4.90 | 1.83 | +59.60% |
| Q1 2025 | 2025-03-31 | 3.99 | 0.63 | +18.70% |
| Q4 2024 | 2024-12-31 | 4.47 | 0.63 | +16.35% |
| Q3 2024 | 2024-09-30 | 4.39 | 0.95 | +27.51% |
| Q2 2024 | 2024-06-30 | 3.07 | −0.69 | −18.46% |
| Q1 2024 | 2024-03-31 | 3.36 | −0.80 | −19.30% |
| Q4 2023 | 2023-12-31 | 3.85 | 1.66 | +75.82% |
| Q3 2023 | 2023-09-30 | 3.45 | 1.81 | +110.64% |
| Q2 2023 | 2023-06-30 | 3.76 | 2.18 | +137.62% |
| Q1 2023 | 2023-03-31 | 4.17 | 2.49 | +148.98% |
| Q4 2022 | 2022-12-31 | 2.19 | −0.15 | −6.58% |
| Q3 2022 | 2022-09-30 | 1.64 | −0.56 | −25.46% |
| Q2 2022 | 2022-06-30 | 1.58 | −2.07 | −56.65% |
| Q1 2022 | 2022-03-31 | 1.67 | −4.96 | −74.76% |
| Q4 2021 | 2021-12-31 | 2.34 | −3.14 | −57.27% |
| Q3 2021 | 2021-09-30 | 2.19 | −0.99 | −31.11% |
| Q2 2021 | 2021-06-30 | 3.65 | 0.03 | +0.79% |
| Q1 2021 | 2021-03-31 | 6.63 | 2.08 | +45.63% |
| Q4 2020 | 2020-12-31 | 5.48 | 1.50 | +37.70% |
| Q3 2020 | 2020-09-30 | 3.19 | — | — |
| Q2 2020 | 2020-06-30 | 3.63 | — | — |
| Q1 2020 | 2020-03-31 | 4.55 | — | — |
| Q4 2019 | 2019-12-31 | 3.98 | — | — |
| Q2 2018 | 2018-06-30 | 7.77 | 2.85 | +58.01% |
| Q1 2018 | 2018-03-31 | 7.35 | 2.49 | +51.36% |
| Q4 2017 | 2017-12-31 | 4.83 | 1.07 | +28.42% |
| Q3 2017 | 2017-09-30 | 4.64 | 1.11 | +31.36% |
| Q2 2017 | 2017-06-30 | 4.92 | 1.16 | +30.72% |
| Q1 2017 | 2017-03-31 | 4.85 | 1.27 | +35.28% |
| Q4 2016 | 2016-12-31 | 3.76 | 0.14 | +4.01% |
| Q3 2016 | 2016-09-30 | 3.54 | 1.84 | +108.73% |
| Q2 2016 | 2016-06-30 | 3.76 | 2.07 | +122.76% |
| Q1 2016 | 2016-03-31 | 3.59 | 1.78 | +98.97% |
| Q4 2015 | 2015-12-31 | 3.61 | 1.87 | +107.09% |
| Q3 2015 | 2015-09-30 | 1.69 | −0.08 | −4.67% |
| Q2 2015 | 2015-06-30 | 1.69 | −0.04 | −2.41% |
| Q1 2015 | 2015-03-31 | 1.80 | 0.12 | +7.17% |
| Q4 2014 | 2014-12-31 | 1.74 | 0.14 | +8.61% |
| Q3 2014 | 2014-09-30 | 1.78 | 0.24 | +15.69% |
| Q2 2014 | 2014-06-30 | 1.73 | 0.12 | +7.25% |
| Q1 2014 | 2014-03-31 | 1.68 | 0.07 | +4.16% |
| Q4 2013 | 2013-12-31 | 1.61 | 0.06 | +3.88% |
| Q3 2013 | 2013-09-30 | 1.54 | 0.10 | +6.85% |
| Q2 2013 | 2013-06-30 | 1.61 | 0.28 | +20.81% |
| Q1 2013 | 2013-03-31 | 1.62 | 0.28 | +20.63% |
| Q4 2012 | 2012-12-31 | 1.55 | 0.26 | +20.64% |
| Q3 2012 | 2012-09-30 | 1.44 | 0.27 | +22.75% |
| Q2 2012 | 2012-06-30 | 1.34 | 0.26 | +23.60% |
| Q1 2012 | 2012-03-31 | 1.34 | 0.18 | +15.63% |
| Q4 2011 | 2011-12-31 | 1.28 | 0.14 | +12.35% |
| Q3 2011 | 2011-09-30 | 1.17 | 0.07 | +6.23% |
| Q2 2011 | 2011-06-30 | 1.08 | 0.09 | +8.60% |
| Q1 2011 | 2011-03-31 | 1.16 | 0.18 | +18.38% |
| Q4 2010 | 2010-12-31 | 1.14 | 0.05 | +4.34% |
| Q3 2010 | 2010-09-30 | 1.10 | 0.05 | +4.92% |
| Q2 2010 | 2010-06-30 | 1.00 | −0.06 | −5.75% |
| Q1 2010 | 2010-03-31 | 0.98 | — | — |
| Q4 2009 | 2009-12-31 | 1.09 | 0.01 | +1.21% |
| Q3 2009 | 2009-09-30 | 1.05 | — | — |
| Q2 2009 | 2009-06-30 | 1.06 | — | — |
| Q4 2008 | 2008-12-31 | 1.08 | — | — |
Nrg Energy debt-to-equity ratio trends
Over the last five fiscal years, Nrg Energy's debt-to-equity ratio increased from 5.48 to 9.98, a change of 4.50. The latest reported quarter, Q2 2026, shows 4.87.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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