AES vs NRG Energy
NRG Energy is the larger business, with $30.71bn of revenue in fiscal 2025 against $12.23bn for AES (2.5 times as much). NRG Energy grew faster (9.2% against -0.4%). AES kept more of each dollar of sales as profit: a net margin of 7.4% against 2.8%. AES carries less debt relative to equity (0.0% against 987.5%).
| Latest fiscal year | AESAES, 2025 | NRG EnergyNRG, 2025 |
|---|---|---|
| Revenue | $12.23bn | $30.71bn |
| Revenue growth | -0.4% | 9.2% |
| Net income | $910m | $864m |
| Operating margin | — | 6.0% |
| Net margin | 7.4% | 2.8% |
| Return on equity | 23.6% | 41.5% |
| Free cash flow | −$1.62bn | $766m |
| Cash | $1.38bn | $4.71bn |
| Total debt | $0 | $16.60bn |
| Debt to equity | 0.0% | 987.5% |
| Dividend per share | $0.70 | $1.76 |
| Dividend yield | 4.7% | 2.2% |
| Share buybacks | — | $1.31bn |
| Employees | — | 16,702 |
| Market value | $10.62bn | $20.38bn |
| Price vs our value range | — | Within our value range |
| Moat score | 16 (Weak) | 46 (Moderate) |
| Insider trades, 12 months | 0 buys, 1 sales | 0 buys, 15 sales |