FirmAtlas
Company handbook · ETR · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
ETR · CIK 65984 · LATEST FILING: 10-Q JUN '26 · FILED JUL 31, 2026
ENTERGY CORPORATION
$105.11
+1.15 (+1.11%)
Close, Oct 16, 2026 · 52-week $91–118
Entergy owns electric utilities in Arkansas, Louisiana, Mississippi, New Orleans and Texas, with power plants (gas and nuclear), power lines and a small gas business in New Orleans and Baton Rouge.
Business
- SegmentsUtility 100% · Entergy Wholesale Commodities 0% (FY25)
- ProductsElectricity 99% · Natural Gas Us Regulated 1% · Competitive Businesses 0% (FY25)
- CustomersHomes, businesses and many large industrial plants (such as refineries and chemical plants) in its service areas, at rates set by regulators
- Cash useFY24–FY25: capex $12.5B · dividends $2.1B
Reinvested 130% of operating cash flow
Last fiscal year
ENTERGY CORPORATION reported revenue of $12.9B for the year ended Dec 31, 2025 (FY25), up 9.0% from FY24. Net income was $1.8B, operating cash flow $5.2B and free cash flow −$2.5B. Source: 10-K filed Feb 19, 2026.
Market cap
$47.3B
P/E
26.6
EV/EBITDA
13.9x
P/B
2.7
Div yield
2.44%
ROIC
5.6%
Revenue 1Y
9.0%/yr
EPS 1Y
59.6%/yr
Shares 1Y
+4%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOAndrew S. Marsh
HQNew Orleans, LA
AuditorDeloitte & Touche LLP
Employees12,233
Year endsDecember
Revenue by segment · FY25
Utility100%
Entergy Wholesale Commodities0%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
11.0%
15.5%
30.2%
9.5%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$14.6B deployed
Capex
$12.5B
85.9%
Dividends
$2.1B
14.1%
Operating cash flow over the period: $9.6B. Total debt changed by +$2.0B.
Capex was more than operating cash flow in FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY21).
TTM = the last four quarters, to Mar '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
11,880
12,947+9.0%
13,287
YoY
+9.0%
Operating income
2,651
3,202+20.8%
3,074
Operating margin
22.3%
24.7%+2.4 pp
—
EBITDA
4,884
5,508+12.8%
—
EBITDA margin
41.1%
42.5%+1.4 pp
—
Interest expense
1,204
1,413+17.4%
—
Interest coverage
4.06x
3.90x−0.16x
—
Net income
1,056
1,758+66.6%
1,782
YoY
+66.6%
Net margin
8.9%
13.6%+4.7 pp
—
EPS (diluted, $)
2.45
3.91+59.6%
3.93
YoY
+59.6%
Balance sheet
Total assets
64,790
71,891+11.0%
75,804
Cash & short-term investments
860
1,929+124.4%
—
Accounts receivable
1,390
1,470+5.7%
—
Net PP&E
424
482+13.6%
—
Other assets
62,116
68,010+9.5%
—
Total liabilities
49,706
54,968+10.6%
58,457
Accounts payable
1,929
2,566+33.0%
—
Total debt
28,919
30,935+7.0%
34,058
Other liabilities
18,858
21,467+13.8%
—
Shareholders’ equity
15,084
16,923+12.2%
17,347
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
4,489
5,151+14.8%
5,443
Net income
1,061
1,773+67.1%
—
Depreciation & amortization
2,233
2,306+3.2%
—
Working capital & other
1,194
1,072−10.2%
—
Cash from investing
(5,849)
(7,109)n/m
—
Capex
(4,838)
(7,685)n/m
—
PP&E sold
0
859n/m
—
Other investing
(1,011)
(283)n/m
—
Cash from financing
2,088
3,028+45.0%
—
Debt raised
7,899
5,750−27.2%
—
Debt repaid
(5,054)
(3,502)n/m
—
Dividends
(982)
(1,074)n/m
—
Shares issued
0
1,136n/m
—
Other financing
224
717+219.6%
—
Net change in cash
727
1,069+47.0%
—
Free cash flow (OCF − capex)
(350)
(2,534)n/m
(2,834)
Where the cash went
Operating cash flow
4,489
5,151+14.8%
5,443
Reinvested in the business
4,838
7,685+58.8%
—
% of operating cash flow
107.8%
149.2%
Capex
4,838
7,685+58.8%
8,277
Free cash flow
(350)
(2,534)n/m
(2,834)
YoY
n/m
Returned to shareholders
982
1,074+9.4%
—
% of free cash flow
—
—
Dividends
982
1,074+9.4%
—
Change in total debt
—
2,016
—
Cash left over
—
(1,592)
—
FCF conversion (FCF ÷ net income)
−33.1%
−144.1%−111.0 pp
—
Owner earnings
—
(3,065)
—
Owner earnings margin
—
−23.7%
—
Returns & ratios
ROIC (all capital)
4.5%
5.6%+1.1 pp
—
Net debt / EBITDA
5.74x
5.27x−0.48x
—
Debt / equity
1.92x
1.83x−0.09x
—
ROE
7.0%
10.4%+3.4 pp
—
ROA
1.6%
2.4%+0.8 pp
—
ROCE
4.5%
5.0%+0.5 pp
—
NOPAT
1,951
2,500+28.2%
—
Invested capital (operating)
(115)
(614)n/m
—
Invested capital (all)
43,143
45,929+6.5%
—
Reinvestment rate
—
−19.9%
—
Net debt is 5.3x EBITDA (FY25).
Income
Jun '25
Sep '25
Dec '25
Mar '26
Revenue
3,329
3,812
2,959
3,188
vs year-ago quarter
Operating income
837
1,119
546
572
Net income
468
694
236
385
vs year-ago quarter
Net margin
14.1%
18.2%
8.0%
12.1%
EPS (diluted, $)
1.05
1.53
0.52
0.83
vs year-ago quarter
Balance sheet
Jun '25
Sep '25
Dec '25
Mar '26
Total assets
68,383
69,848
71,891
75,804
Cash & equivalents
1,176
1,517
1,929
3,571
Total debt
30,405
30,448
30,935
34,058
Shareholders’ equity
16,213
16,662
16,923
17,347
Cash flow
Jun '25
Sep '25
Dec '25
Mar '26
Operating cash flow
1,262
2,135
1,218
829
Capex
2,008
1,889
2,128
2,252
Free cash flow
(747)
246
(910)
(1,423)
vs year-ago quarter