N
NRG
NRGUnverified5 segments tracked|8 years of data|Annual (10-K)
Total Revenue
$30.7B9.2%
FY2025
Operating Segments
5Active segments
Blended Margin
6.6%Operating margin
Highest Margin
10.0%Texas Segment
Segment Shift
Texas Segment has grown from 67.4% to 36.2% of total revenue since FY2018, with 10.0% operating margins. Meanwhile, East Segment is the fastest growing at +21.8% YoY.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2025
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| East Segment | $14.3B | $706M | 4.9% | 46.4% | +21.8% |
| Texas Segment | $11.1B | $1.1B | 10.0% | 36.2% | +4.6% |
| West And Other Segment | $3.2B | $149M | 4.7% | 10.4% | -16.2% |
| Vivint Smart Home Inc | $2.1B | $53M | 2.5% | 7.0% | +7.7% |
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