Comparison

AMERICAN ELECTRIC POWER CO INC (AEP) vs NRG ENERGY, INC. (NRG)

The same filed metrics for both companies, side by side.

What each names as a risk in its own annual report, how each is priced against its own history, and the tracked managers whose latest 13F reports a position in both.

Financials

AEP

AMERICAN ELECTRIC POWER CO INC

Utilities—Regulated Electric

Revenue, FY25: $21.88B
Net income: $3.7B
Operating cash flow: $6.94B
Free cash flow: -
Net margin: 16.90%
Operating margin: 24.31%
Gross margin: -

NRG

NRG ENERGY, INC.

Utilities—Independent Power Producers

Revenue, FY25: $30.71B
Net income: $864M
Operating cash flow: $1.91B
Free cash flow: $766M
Net margin: 2.81%
Operating margin: 6.01%
Gross margin: -

Head-to-head

Filed growth, quality and valuation, read against each company’s own history rather than against the other side.

Metric	AEP	NRG
Revenue growth, latest filed year	+10.93%	+9.18%
Piotroski F-score	5 of 8	5 of 8
P/E against its own history	about normal	46.71% above

What each says it is exposed to

From Item 1A of each company’s most recent 10-K.

AEP

Climate
Supply chain
Tariffs
Cybersecurity
Litigation
Commodity prices

And 10 more.

NRG

Debt covenants
Commodity prices
Climate
Cybersecurity
Data privacy
Goodwill impairment

And 17 more.

Tracked managers holding both

Joel Greenblatt Gotham Asset Management 0.03% · 0.07%

Updated Aug 4, 2026 · the newer of the two companies' filings