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Entergy

ETR NYSE Electric Utilities Financials FY2016–FY2025

Entergy's revenue rose 9.0% to $12.9 billion in fiscal 2025. Its operating margin was 24.7%, up from 22.3% a year earlier. Free cash flow was −$2.5 billion. It paid out $1.1 billion in dividends and buybacks. The diluted share count rose 4.3%.

Last close · Oct 23, 2026

$107.34

0.8%
Value it Compare
Revenue Total sales reported in the income statement.
$12.9B
9.0% vs prior year
Operating margin Operating income as a share of revenue.
24.7%
2.4 pts
Net income Profit after all expenses, interest and tax.
$1.8B
67.1%
Free cash flow Cash from operations minus capital spending.
−$2.5B
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
5.6%
1.0 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$49.6B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
27.4x
On $3.92 EPS (TTM)

About these figures. Share counts and per-share figures for earlier years are restated for a stock split (2-for-1), so every year is on today's share basis.

What Entergy does

No business description yet.

Legal name
ENTERGY CORP /DE/
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000065984-26-000174
0000065984

Revenue and margins

Entergy had $12.9B of revenue in fiscal 2025, up 9.0% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was −$2.5B in fiscal 2025, −19.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Entergy returned $1.1B to shareholders in fiscal 2025. The diluted share count rose 4.3%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Entergy yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$29.1B and divides by 450.2M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 27.4x · peers 20.5x · sector 20.4x.

Balance sheet

Cash, debt and the ratios that show how comfortably Entergy can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $443M$224M$133M$860M$1.9B
Debt incl. finance leases $27.1B$26.8B$26.3B$29.0B$31.1B
Net debt / EBITDA 6.9x6.6x5.6x5.8x5.3x
Debt / equity 2.3x2.1x1.8x1.9x1.8x
Interest coverage 2.2x2.3x2.6x2.3x2.4x
Current ratio 0.6x0.6x0.6x0.7x0.7x
Quick ratio 0.6x0.6x0.5x0.7x0.7x
Total assets $59.5B$58.6B$59.7B$64.8B$71.9B
Total liabilities $47.7B$45.5B$45.0B$49.6B$54.9B
Shareholders' equity $11.6B$13.0B$14.6B$15.1B$16.9B
Net debt (− = net cash) $26.6B$26.5B$26.2B$28.2B$29.1B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.1M

1 insider

Sold, 12 months

$10.6M

8 insiders

Of sales under plans

16%

$1.7M

DateInsiderTradeSharesPriceValueFiling
Sep 14, 2026 Eliecer Viamontes"""Officer"" Under Sec. 16 Rules" Sold 9,068 $103.93 $0.9M Form 4
Sep 10, 2026 Laura R Landreaux"""Officer"" Under Sec. 16 Rules" Sold 5,600 $106.20 $0.6M Form 4
Aug 6, 2026 Ralph Lewis RoppDirector Bought 1,000 $106.08 $0.1M Form 4
Jul 30, 2026 Jason ChapmanSVP Chief Tech & Bus Servs Off Sold 9,447 $109.06 $1.0M Form 4
Jun 25, 2026 Kimberly Cook-NelsonEVP & Chief Operating Officer Sold plan 5,000 $115.00 $0.6M Form 4
Jun 3, 2026 Haley Fisackerly"""Officer"" Under Sec. 16 Rules" Sold plan 10,638 $110.00 $1.2M Form 4
Feb 27, 2026 Eliecer Viamontes"""Officer"" Under Sec. 16 Rules" Sold 5,274 $106.45 $0.6M Form 4
Feb 23, 2026 John O Hudson IIIChief External Affairs Officer Sold 10,000 $104.79 $1.0M Form 4
Feb 20, 2026 John C DinelliEVP and Chief Nuclear Officer Sold 5,372 $103.95 $0.6M Form 4
Feb 13, 2026 Jason ChapmanSVP Chief Tech & Bus Servs Off Sold 17,238 $104.02 $1.8M Form 4
Feb 13, 2026 Marcus Brown VExecutive Legal Advisor to CEO Sold 21,428 $105.12 $2.3M Form 4
Nov 28, 2025 Eliecer Viamontes"""Officer"" Under Sec. 16 Rules" Sold 947 $97.16 $0.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✓
Current ratio rose ✕ ✓ ✓
Share count didn't rise ✕ ✕ ✕
Gross margin rose — — —
Revenue rose relative to assets ✕ ✕ ✓
F-score 5 / 84 / 87 / 8
Accruals ratio −3.3%−5.5%−4.9%
Altman Z'' 0.991.031.02

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Entergy ETR $49.6B 9.0% 24.7% −19.6% 5.6% 27.4x 7
Eversource Energy ES $25.4B 13.8% 22.1% −0.3% 6.4% 17.5x 6 Compare →
Public Service Enterprise Group PEG $35.9B 18.3% 24.5% 0.2% 6.7% 17.9x 7 Compare →
FirstEnergy FE $26.8B 12.0% 14.6% −6.7% 4.6% 25.2x 5 Compare →
WEC Energy Group WEC $36.5B 14.0% 22.9% −10.4% 6.0% 23.1x 4 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $10.8B $11.1B $11.0B $10.9B $10.1B $11.7B $13.8B $12.1B $11.9B $12.9B
Operating income −$815M $1.4B $469M $1.4B $1.8B $1.8B $2.1B $2.6B $2.7B $3.2B
Interest expense $666M $662M $707M $742M $786M $835M $912M $1.0B $1.2B $1.3B
Pretax income −$1.4B $968M −$174M $1.1B $1.3B $1.3B $1.1B $1.7B $1.4B $2.3B
Income tax −$817M $543M −$1.0B −$170M −$122M $191M −$39.0M −$691M $381M $498M
Net income −$584M $412M $849M $1.2B $1.4B $1.1B $1.1B $2.4B $1.1B $1.8B
Diluted EPS −$1.63 $1.14 $2.31 $3.15 $3.45 $2.77 $2.68 $5.55 $2.45 $3.91
Diluted shares 0.36B 0.36B 0.37B 0.39B 0.40B 0.40B 0.41B 0.42B 0.43B 0.45B
Cash flow
Cash from operations $3.0B $2.6B $2.4B $2.8B $2.7B $2.3B $2.6B $4.3B $4.5B $5.2B
Capital expenditure $2.8B $3.6B $3.9B $4.2B $247M $168M $5.1B $4.4B $4.8B $7.7B
Free cash flow $218M −$984M −$1.6B −$1.4B $2.4B $2.1B −$2.5B −$146M −$350M −$2.5B
Depreciation and amortization $2.1B $2.1B $2.0B $2.2B $2.3B $2.0B $2.0B $2.1B $2.2B $2.3B
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends paid $612M $629M $648M $712M $748M $775M $842M $918M $982M $1.1B
Dividends and buybacks $612M $629M $648M $712M $748M $775M $842M $918M $982M $1.1B
Balance sheet
Cash and short-term investments $1.2B $781M $481M $426M $1.8B $443M $224M $133M $860M $1.9B
Total debt $14.8B $16.7B $18.1B $19.8B $24.0B $27.1B $26.8B $26.2B $28.9B $30.9B
Finance lease liabilities $0.0M $0.0M $0.0M $64.8M $64.7M $0.0M $0.0M $88.9M $115M $116M
Current assets $3.7B $3.3B $3.0B $3.0B $4.6B $3.6B $4.1B $3.7B $4.4B $5.8B
Current liabilities $3.2B $5.0B $5.4B $5.6B $7.1B $6.2B $6.4B $6.4B $6.1B $7.8B
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $193M $166M $132M
Property and equipment, net $234M $261M $304M $333M $343M $358M $366M $419M $424M $482M
Total assets $45.9B $46.7B $48.3B $51.7B $58.2B $59.5B $58.6B $59.7B $64.8B $71.9B
Total liabilities $37.8B $38.7B $39.4B $41.5B $47.3B $47.7B $45.5B $45.0B $49.6B $54.9B
Shareholders' equity $8.1B $8.0B $8.8B $10.2B $10.9B $11.6B $13.0B $14.6B $15.1B $16.9B
Margins
Operating margin −7.5% 12.3% 4.3% 12.8% 17.5% 15.7% 14.9% 21.6% 22.3% 24.7%
EBITDA margin 12.1% 31.1% 22.8% 32.8% 39.8% 32.7% 29.3% 38.4% 41.1% 42.5%
Net margin −5.4% 3.7% 7.7% 11.4% 13.7% 9.5% 8.0% 19.4% 8.9% 13.7%
FCF margin 2.0% −8.9% −14.1% −12.7% 24.2% 18.2% −18.0% −1.2% −2.9% −19.6%
Returns
Return on capital −3.0% 3.0% 1.5% 5.0% 5.6% 4.4% 5.3% 6.5% 4.6% 5.6%
Return on capital employed −1.9% 3.2% 1.1% 3.1% 3.6% 3.5% 3.9% 5.0% 4.7% 5.2%
Return on equity −6.7% 5.1% 10.1% 13.0% 13.1% 9.9% 9.0% 17.1% 7.1% 11.1%
Return on assets −1.3% 0.9% 1.8% 2.5% 2.5% 1.9% 1.9% 4.0% 1.7% 2.6%
Growth
Revenue growth — 2.1% −0.6% −1.2% −7.0% 16.1% 17.2% −11.8% −2.2% 9.0%
Net income growth — — 106.2% 46.3% 11.9% −19.4% −1.4% 113.6% −55.0% 67.1%
EPS growth — — 103.1% 36.1% 9.5% −19.7% −3.3% 107.1% −55.9% 59.6%
FCF growth −72.4% −550.4% — — — −12.7% −216.3% — — —
Share count change −0.2% 0.9% 1.6% 7.4% 2.1% 0.4% 1.8% 3.3% 1.6% 4.3%
Financial health
Net debt / EBITDA 10.4x 4.6x 7.0x 5.5x 5.5x 6.9x 6.6x 5.6x 5.8x 5.3x
Debt / equity 1.8x 2.1x 2.1x 2.0x 2.2x 2.3x 2.1x 1.8x 1.9x 1.8x
Interest coverage −1.2x 2.1x 0.7x 1.9x 2.3x 2.2x 2.3x 2.6x 2.3x 2.4x
Current ratio 1.2x 0.7x 0.5x 0.5x 0.7x 0.6x 0.6x 0.6x 0.7x 0.7x
Quick ratio 1.2x 0.7x 0.5x 0.5x 0.7x 0.6x 0.6x 0.5x 0.7x 0.7x
Capital allocation
Capex / revenue 25.6% 32.6% 35.8% 38.6% 2.4% 1.4% 36.8% 36.6% 40.7% 59.4%
Payouts / FCF 280.1% — — — 30.6% 36.4% — — — —
Quality scores
Piotroski F-score — 4.0 4.0 4.0 5.0 4.0 6.0 5.0 4.0 7.0
Altman Z'' 0.8 0.7 0.6 0.7 0.7 0.7 0.9 1.0 1.0 1.0
Accruals ratio −7.9% −4.8% −3.2% −3.2% −2.4% −2.0% −2.5% −3.3% −5.5% −4.9%

Source: SEC EDGAR XBRL filings (CIK 0000065984). Data updated October 10, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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