NRG · CIK 0001013871 · FY2025 live · 2025-12-31
NRG ENERGY, INC.
View as
Model
Z″
FY2025
1.86
Zone
Grey
Prior
—
Market DD
—
1y PD
—
1.86
Classic Z 1.61
Z″ 1.86 · distress below 1.10, grey to 2.60, safe above.
Z″ factor contributions
X1 Working capital / assets
Short-term liquidity. Carries more weight in Z″ than in classic Z.
0.186.56 × = 1.15X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.073.26 × = 0.22X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.066.72 × = 0.43X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
0.061.05 × = 0.06
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.
Overview
rule-v1
NRG ENERGY, INC. is on Z″ at 1.86 (grey) for FY2025, from an SEC 10-K. Working capital / assets is the line that sets the print. This is the first live year on the desk. No market tape loaded. Z″ drops sales/assets so asset-light names are not punished for turnover. X4 is book equity on every name.
Book screen Grey; market PD —. Tape not priced — not a single default call.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Z″ scores · 87th percentile in Utilities.
KPI widgets
Current assets
$13.1B
Total assets
$29.1B
Current liabilities
$8.0B
Total liabilities
$27.5B
Working capital
$5.1B
Retained earnings
$2.0B
EBIT
$1.8B
Total sales
$30.7B
Book equity
$1.7B
Accession 0001013871-26-000004. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 12 Sept 2026.