Loading institutional data...
Loading institutional data...
Held by 1,010 of 5,944 reporting institutions (99th percentile) — extremely crowded.
Data as of Q1 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading quality & risk...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $106.23 today, the market must believe free cash flow compounds 10.5%/yr for a decade (off $1.3B normalized FCF).
The market's 10.5% is more optimistic than its 9-yr track record.
2-stage DCF · 0.19B shares · net debt $11.7B
mean -31.4% · volatility σ 53% · implied rate exceeded in 2/7 yrs
Central path = implied 10.5%/yr growth; shaded band = ±1σ (53%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
5/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 54% of free cash flow, leaving room to grow it and fund buybacks. Last year: $411M dividends + $1.3B buybacks = $1.7B returned on $766M FCF.
6 consecutive years of dividend increases · 28%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 5%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $4.7B covers the $31M due within a year 151.9× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~4.5% on $16.4B of debt.
Cash of $4.7B fully covers short-term debt of $31M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.71B 100.0% | $28.13B 100.0% | $28.82B 100.0% | $31.54B 100.0% | $26.99B 100.0% | $9.09B 100.0% | $9.82B 100.0% | $9.48B 100.0% | $9.07B 100.0% | $8.91B 100.0% |
| Cost of Revenue | — | — | — | — | — | $6.54B 71.9% | $7.30B 74.4% | $7.11B 75.0% | $6.89B 75.9% | $6.68B 74.9% |
| Research & Development | — | — | — | — | — | $8.0M 0.1% | $7.0M 0.1% | $11.0M 0.1% | $22.0M 0.2% | $48.0M 0.5% |
| Selling, General & Admin | $2.60B 8.5% | $2.35B 8.3% | $2.09B 7.3% | $1.15B 3.6% | $1.29B 4.8% | $810.0M 8.9% | $760.0M 7.7% | $799.0M 8.4% | $836.0M 9.2% | $1.03B 11.6% |
| Total Operating Expenses | $28.84B 93.9% | $25.91B 92.1% | $30.02B 104.1% | $29.58B 93.8% | $23.89B 88.5% | $7.99B 87.9% | $8.54B 86.9% | $8.53B 90.0% | $9.92B 109.3% | $8.99B 100.9% |
| Operating Income | $1.84B 6.0% | $2.42B 8.6% | $384.0M 1.3% | $2.02B 6.4% | $3.34B 12.4% | $1.10B 12.2% | $1.29B 13.1% | $982.0M 10.4% | -$741.0M -8.2% | $33.0M 0.4% |
| Interest Expense | $741.0M 2.4% | $651.0M 2.3% | $667.0M 2.3% | $417.0M 1.3% | $485.0M 1.8% | $401.0M 4.4% | $413.0M 4.2% | $483.0M 5.1% | $557.0M 6.1% | $583.0M 6.5% |
| Other Income (Expense), net | -$711.0M -2.3% | -$976.0M -3.5% | -$597.0M -2.1% | -$355.0M -1.1% | -$482.0M -1.8% | -$344.0M -3.8% | -$504.0M -5.1% | -$515.0M -5.4% | -$648.0M -7.1% | -$964.0M -10.8% |
| Pretax Income | $1.13B 3.7% | $1.45B 5.1% | -$213.0M -0.7% | $1.66B 5.3% | $2.86B 10.6% | $761.0M 8.4% | $786.0M 8.0% | $467.0M 4.9% | -$1.39B -15.3% | -$931.0M -10.4% |
| Income Tax Expense | $270.0M 0.9% | $323.0M 1.1% | -$11.0M -0.0% | $442.0M 1.4% | $672.0M 2.5% | $251.0M 2.8% | -$3.33B -33.9% | $7.0M 0.1% | -$44.0M -0.5% | $25.0M 0.3% |
| Net Income | $864.0M 2.8% | $1.13B 4.0% | -$202.0M -0.7% | $1.22B 3.9% | $2.19B 8.1% | $510.0M 5.6% | $4.44B 45.2% | $268.0M 2.8% | -$2.15B -23.7% | -$774.0M -8.7% |
| Per Share | ||||||||||
| EPS (Basic) | $4.09 | $5.14 | $-1.12 | $5.17 | $8.93 | $2.08 | $16.94 | $0.88 | $-6.79 | $-2.22 |
| EPS (Diluted) | $4.01 | $4.99 | $-1.12 | $5.17 | $8.93 | $2.07 | $16.81 | $0.87 | $-6.79 | $-2.22 |
| Weighted Avg Shares (Basic) | 195.0M | 206.0M | 228.0M | 236.0M | 245.0M | 245.0M | 262.0M | 304.0M | 317.0M | 316.0M |
| Weighted Avg Shares (Diluted) | 199.0M | 212.0M | 228.0M | 236.0M | 245.0M | 246.0M | 264.0M | 308.0M | 317.0M | 316.0M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ranked against 95 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEV | $249.3B | 52.3× | 124.5× | 6.5× | 9.0% | 19.8% | 12.8% | 43.7% | 43.4% | 0.0× | 2,989 |
| NEE | $167.4B | 24.4× | — | 6.5× | 9.8% | — | 26.5% | 12.5% | 4.6% | — | 2,911 |
| SO | $95.1B | 22.0× | — | 3.2× | 10.6% | — | 14.7% | 12.1% | 11.8% | — | 2,268 |
| DUK | $91.6B | 18.7× | 10.7× | 2.9× | 5.6% | — | 15.7% | 9.6% | 3.7% | 5.1× | 2,360 |
| CEG | $81.0B | 35.1× | 21.3× | 3.2× | 8.3% | — | 9.1% | 16.0% | 9.9% | 2.2× | 1,836 |
| AEP | $65.3B | 18.1× | 12.8× | 3.0× | 10.9% | — | 16.9% | 11.9% | 4.8% | 5.3× | 1,854 |
| D | $55.8B | 18.4× | — | 3.4× | 14.2% | — | 18.2% | 10.3% | 3.8% | — | 1,421 |
| SRE | $53.3B | 29.7× | — | 3.9× | 3.9% | — | 13.4% | 5.8% | 5.1% | — | 1,217 |
| VST | $47.5B | 64.4× | 16.8× | 2.7× | 3.0% | — | 5.3% | 18.5% | 3.9% | 4.8× | 1,246 |
| XEL | $45.3B | 21.3× | — | — | — | — | — | 8.5% | 3.5% | — | 1,208 |
| ETR | $45.2B | 26.2× | 13.1× | 3.5× | 9.0% | — | 13.7% | 10.5% | 3.9% | 5.2× | 1,224 |
| EXC | $43.4B | — | 11.1× | 1.8× | 5.3% | — | 11.4% | 9.6% | 3.6% | 5.9× | 1,230 |
| ED | $38.1B | 18.7× | — | 2.3× | 10.9% | — | 12.0% | 8.4% | 4.0% | — | 1,368 |
| PEG | $35.1B | 16.7× | — | 2.9× | 18.3% | — | 17.3% | 12.4% | 5.3% | — | 1,231 |
| WEC | $33.6B | 21.5× | 14.5× | 3.4× | 14.0% | 66.7% | 15.9% | 11.1% | 4.5% | 5.5× | 1,310 |
| AEE | $28.5B | 19.3× | — | 3.2× | 15.4% | — | 16.6% | 10.9% | 4.5% | — | 884 |
| AWK | $26.9B | 24.2× | 10.2× | 5.3× | 10.1% | — | 21.7% | 10.3% | 8.9% | 0.6× | 1,100 |
| FE | $26.2B | 25.8× | 6.8× | 1.7× | 12.0% | — | 6.8% | 8.2% | 7.9% | 0.1× | 894 |
| ATO | $26.2B | 21.7× | 11.3× | 5.6× | 12.9% | — | 25.5% | 8.8% | 8.8% | — | 961 |
| ES | $25.5B | 14.9× | 9.9× | 1.9× | 13.8% | — | 12.5% | 10.5% | 3.8% | 5.2× | 1,012 |
| PPL | $25.1B | 21.0× | 12.3× | 2.8× | 6.9% | — | 13.1% | 7.9% | 3.5% | 5.4× | 947 |
| CNP | $25.0B | 24.0× | 12.7× | 2.7× | 8.3% | 100.0% | 11.2% | 9.4% | 3.3% | 5.8× | 774 |
| EIX | $21.1B | 4.8× | 5.8× | 1.1× | 9.8% | — | 23.1% | 25.4% | 8.0% | 3.7× | 1,005 |
| NRG | $20.4B | 26.8× | 9.9× | 0.7× | 9.2% | — | 2.8% | 51.4% | 4.8% | 5.1× | 1,010 |
| CMS | $20.2B | 18.7× | 12.7× | 2.4× | 13.6% | — | 12.5% | 11.7% | 3.8% | 6.2× | 762 |
Peers = companies sharing NRG's sector (Utilities) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-09-17
Where each multiple sits in its own 14-yr range · 68th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 75.0 | 74.4 | 71.9 | — | — | — | — | — |
| R&D | 0.1 | 0.1 | 0.1 | — | — | — | — | — |
| SG&A | 8.4 | 7.7 | 8.9 | 4.8 | 3.6 | 7.3 | 8.3 | 8.5 |
| Operating Income | 10.4 | 13.1 | 12.2 | 12.4 | 6.4 | 1.3 | 8.6 | 6.0 |
| Income Tax | 0.1 | -33.9 | 2.8 | 2.5 | 1.4 | -0.0 | 1.1 | 0.9 |
| Net Income | 2.8 | 45.2 | 5.6 | 8.1 | 3.9 | -0.7 | 4.0 | 2.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on NRG: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.