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Entergy Corporation

ETR Utilities Utilities Regulated Electric

Entergy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $12.9 billion, up 8.98% from fiscal 2024.

Revenue
+14.5%
EPS
+29.8%
Free cash flow
−295.7%
Total debt
+19.5%

Quarter to September 2026, against a year earlier

110.39 1.51 −1.35%
Market cap
$52.7B
P/E
25.0×
Fwd P/E
25.0×
Dividend yield
2.32%
F-score
6/9
Altman Z
0.99
Beneish M
−2.65
Dividend safety
32/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Utility
  • Parent & Other

Every year since 2010 →

Insider Decisions last twelve months

Bought, $m 0.11
Sold, $m 10.53
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — 1 — — —
Sell — — 5 — — — 2 1 — 2 — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 52,700.00
Revenue ttm 14,035.38
Net income ttm 2,064.72
Free cash flow ttm (3,682.36)
Net debt Q 30,475.29
Valuation
P/E 24.97
Forward P/E 25.00
Price / sales 3.70
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.62
Financial health
Current ratio Q 1.18
Debt / equity Q 1.74
Interest coverage Q 3.21
Growth
Revenue growth Q +14.51% (above 0%: growing)
Operating income growth Q +32.36% (above 0%: growing)
EPS, this year +13.05%
EPS, next year A +15.82% (at or above 15%: strong)
Revenue, next year A +7.78%
EPS, past 5 yrs +2.53%
EPS, next 5 yrs A +14.16%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.9×, against a ten-year median of 3.7×; over the ten years it ranged from 2.1× in 2016 to 6.2× in 2026.
P/E against its own 10 years 72.02%
10-year low 10-year high
P/S against its own 10 years 96.92%
10-year low 10-year high
P/B against its own 10 years 94.65%
10-year low 10-year high
EV/Sales against its own 10 years 96.88%
10-year low 10-year high

Dividends raised every year since 2017

Yield
2.32%
Annual rate
2.56
Payout ratio
58.7%
Growth, 2017–25
+4.24%/yr
  1. 1.75 ’17
  2. 1.79 ’18 +2
  3. 1.83 ’19 +2
  4. 1.87 ’20 +2
  5. 1.93 ’21 +3
  6. 2.05 ’22 +6
  7. 2.17 ’23 +6
  8. 2.30 ’24 +6
  9. 2.44 ’25 +6
  10. 2.59 ’26e +6
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 133 860 1,929 4,205
Receivables 1,393 1,390 1,470 2,114
Inventory 1,612 1,797 1,842 1,895
Other 170 16 54 227
3,661 4,396 5,807 8,988
2023 2024 2025 Q'26
Payables 1,567 1,929 2,566 2,631
ST’ Debt 2,099 1,378 2,375 1,010
Other 885 1,095 1,350 2,641
6,396 6,111 7,823 7,592

Compound Annual Growth %

10y 5y 3y
Sales 1.18% 5.06% (2.02%)
Cash Flow 4.58% 13.87% 25.83%
Earnings 0.00% 4.84% 16.81%
Book Value 5.92% 9.19% 9.20%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.71 Actual 1.98

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.51 0.51 Met by 0.00
Q1 FY26 0.89 0.86 Miss by 0.03
Q2 FY26 0.94 1.03 Beat by 0.09
Q3 FY26 1.71 1.98 Beat by 0.27
Q4 FY26 0.81 — Reports 11 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.83 1.03 1.99 — —
’25 0.82 1.05 1.53 0.51 3.91
’24 0.18 0.12 1.50 0.65 2.45
’23 0.74 0.92 1.57 2.32 5.55
’22 0.68 0.39 1.37 0.26 2.69
’21 0.83 (0.01) 1.32 0.64 2.77
’20 0.30 0.90 1.30 0.97 3.45
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 3,188 3,524 4,365 — —
’25 2,847 3,329 3,812 2,959 12,947
’24 2,795 2,954 3,389 2,742 11,880
’23 2,981 2,846 3,596 2,725 12,147
’22 2,878 3,395 4,219 3,273 13,764
’21 2,845 2,822 3,354 2,722 11,743
’20 2,427 2,413 2,904 2,370 10,114
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 829 1,893 2,235 — —
’25 536 1,262 2,135 1,218 5,151
’24 521 1,025 1,562 1,380 4,489
’23 960 866 1,405 1,063 4,294
’22 538 278 993 776 2,585
’21 (50) 796 1,264 290 2,301
’20 659 789 922 320 2,690
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1,423) (872) (478) — —
’25 (1,125) (747) 244 (910) (2,538)
’24 (613) (138) 50 (471) (1,172)
’23 (216) (283) 337 (19) (181)
’22 (964) (1,053) (140) (430) (2,587)
’21 (1,602) (549) 217 (2,004) (3,937)
’20 (409) (352) (68) (1,421) (2,251)
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 25.3% a year for ten years.

Implied
25.3%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 10,846 11,074 11,009 10,879 10,114 11,743 13,764 12,147 11,880 12,947 14,035 +2.0% 13,954 15,306 16,830 +9.1%
Gross margin, % 72.07 69.12 65.42 70.38 75.59 68.24 61.54 68.97 73.94 72.19 71.24 +0.1 pt
EBT (1,382) 968 (174) 1,088 1,285 1,310 1,058 1,672 1,442 2,271 2,617 n/m
EBT margin, % (12.74) 8.74 (1.58) 10.01 12.71 11.16 7.69 13.76 12.14 17.54 18.65 +30.3 pt
Net income (565) 425 863 1,258 1,407 1,119 1,097 2,362 1,061 1,773 2,065 n/m
Per share, $
Per share, $ Revenue 30.31 30.82 30.34 27.87 25.27 29.22 33.66 28.71 27.77 29.29 29.85 (0.4%)
Earnings (1.63) 1.15 2.34 3.18 3.47 2.79 2.70 5.57 2.47 3.98 4.42 n/m
Cash flow 8.38 7.30 6.57 7.21 6.72 5.72 6.32 10.15 10.49 11.65 13.13 +3.7%
Capex (10.37) (9.81) (10.87) (11.44) (12.35) (15.52) (12.65) (10.58) (13.23) (17.39) (20.97) +5.9%
Free cash flow (1.98) (2.51) (4.30) (4.23) (5.63) (9.80) (6.33) (0.43) (2.74) (5.74) (7.83) +12.5%
Book value 23.16 22.79 24.98 26.28 27.39 29.13 31.95 34.84 35.50 38.49 42.31 +5.8%
Shares, m 358 359 363 390 400 402 409 423 428 442 457 +2.4%
Valuation, ×
Valuation, × P/E 0.00 35.91 18.35 18.93 14.41 20.26 20.14 9.22 30.76 23.22 24.97 19.1
P/S 1.20 1.34 1.42 2.15 1.98 1.93 1.62 1.79 2.73 3.16 3.70 1.9
P/B 1.61 1.86 1.77 2.29 1.83 1.95 1.72 1.49 2.15 2.41 2.62 1.9
EV/Sales 2.46 2.63 2.84 3.75 4.01 4.09 3.49 3.87 5.01 5.35 5.87 3.8
EV/FCF (37.64) (32.37) (20.09) (24.74) (18.03) (12.21) (18.56) (258.98) (50.83) (27.27) (22.37) (50.1)
Cash, $m
Cash, $m Operating cash flow 2,999 2,624 2,385 2,817 2,690 2,301 2,585 4,294 4,489 5,151 6,175 +6.2%
Capex (3,709) (3,524) (3,944) (4,467) (4,941) (6,238) (5,173) (4,476) (5,660) (7,688) (9,857) +8.4%
Free cash flow (710) (901) (1,558) (1,651) (2,251) (3,937) (2,587) (181) (1,172) (2,538) (3,682) +15.2%
Balance, $m
Balance, $m Working capital 484 (1,751) (2,485) (2,574) (2,501) (2,567) (2,274) (2,736) (1,715) (2,016) 1,395 n/m
Net debt 13,669 14,316 15,687 17,448 20,611 25,438 25,708 25,267 27,132 28,348 30,475 +8.4%
Shareholders’ equity 8,285 8,190 9,064 10,259 10,961 11,705 13,065 14,743 15,185 17,014 19,892 +8.3%
Returns, %
Returns, % ROA (1.29) 0.89 1.79 2.48 2.53 1.90 1.87 3.98 1.70 2.57 2.69 +3.9 pt
ROIC (2.32) 3.78 1.19 3.14 3.50 3.11 3.31 4.09 3.92 4.41 4.28 +6.7 pt
ROE (6.73) 5.12 10.08 13.02 13.13 9.91 8.97 17.08 7.11 10.99 11.21 +17.7 pt
People
People Employees 13,513 13,504 13,688 13,635 13,400 12,369 11,707 12,177 12,267 12,000 — (1.3%)
Revenue/emp, $m 0.80 0.82 0.80 0.80 0.75 0.95 1.18 1.00 0.97 1.08 — +3.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Entergy is an integrated energy company that produces and delivers electricity. Its utilities generate power, carry it over transmission lines, distribute it through local networks and sell it to customers. They serve homes, businesses, industrial facilities and other customers, as well as selling electricity at wholesale.

The company delivers electricity to approximately 3.1 million Utility customers in Arkansas, Louisiana, Mississippi and Texas. Its power plants have approximately 25,000 MW of generating capacity, with a mix that includes nuclear, hydroelectric, solar and natural gas generation. Entergy operates mainly through its Utility segment, which includes five retail electric utilities and System Energy, a wholesale power supplier to affiliated utilities.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Utility 12,888 99.55%
Parent & Other 59 0.45%
Gross margin 72.19%
Operating margin 24.73%
Pre-tax margin 17.54%

Revenue by segment since 2010

Entergy Corporation vs peers in Utilities Regulated Electric (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NGG National Grid Transco, PLC $86.4B 23.5× 13.9× +10.37% (above 0%: growing) +115.14% (above 0%: growing) −2,663.95% (below 0%: shrinking) 23.34% 0.00% Compare
AEP American Electric Power Company, Inc. $69.0B 20.3× 20.1× +13.66% (above 0%: growing) +22.92% (above 0%: growing) −376.09% (below 0%: shrinking) 69.45% 26.52% Compare
D Dominion Energy Inc. $61.3B 23.2× 22.5× +24.08% (above 0%: growing) +12.07% (above 0%: growing) +50.09% (above 0%: growing) 68.86% 32.79% Compare
ETR Entergy Corporation $52.7B 25.0× 25.0× +14.51% (above 0%: growing) +29.75% (above 0%: growing) −295.69% (below 0%: shrinking) 72.75% 33.93%
XEL Xcel Energy Inc. $51.6B 18.6× 19.5× +6.56% (above 0%: growing) +71.48% (above 0%: growing) +5.89% (above 0%: growing) 72.99% 28.55% Compare
EXC Exelon Corporation $48.2B 18.1× 16.2× +9.16% (above 0%: growing) −18.60% (below 0%: shrinking) −410.43% (below 0%: shrinking) 60.14% 18.84% Compare
ED Consolidated Edison Inc $44.8B 19.4× 18.2× +8.45% (above 0%: growing) +8.38% (above 0%: growing) +237.96% (above 0%: growing) 0.00% 23.81% Compare
WEC WEC Energy Group, Inc. $38.9B 21.3× 20.7× +8.87% (above 0%: growing) +41.67% (above 0%: growing) +86.39% (above 0%: growing) 71.57% 24.61% Compare
PEG Public Service Enterprise Group Incorporated $36.4B 20.7× 17.6× −6.39% (below 0%: shrinking) −39.11% (below 0%: shrinking) −139.44% (below 0%: shrinking) 62.75% 20.60% Compare
Median of peers $49.9B 20.5× 18.9× +9.02% +17.50% −66.78% 65.81% 24.21%

All 39 Utilities Regulated Electric stocks →

From the latest earnings call

Updated

  • CEO Andrew Marsh said Entergy Arkansas’s expanded Google agreement includes proposed battery investment and is expected to increase customer bill savings.
  • CFO Kimberly Fontan said higher sales and added investment support Entergy’s outlook, while more than 40% of its 2027 through 2030 equity need is contracted.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 99.07%
Held by the ten largest 52.16%
Holder Shares Stake Change
Vanguard 62.48m 13.65% +2.61m
BlackRock 42.32m 9.24% +1.36m
State Street 25.59m 5.59% +633.59k
JPMorgan Chase 24.92m 5.44% −2.51m
Bank of America 17.34m 3.79% −29.80k
Franklin Templeton 16.44m 3.59% +2.98m
Ameriprise (Columbia Threadneedle) 14.08m 3.07% +2.07m
Fidelity (FMR) 13.24m 2.89% −922.72k
Geode Capital Management 12.16m 2.66% +328.65k
Capital Group 10.23m 2.24% +297.88k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Entergy Corporation (ETR) Latest News

5 Nov

Impact 3 · · utilitydive.com

3 Nov

Impact 3 · · GuruFocus.com

2 Nov

Impact 4 · · Moby
Impact 3 · · The Motley Fool
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat
Impact 3 · · Zacks
Impact 3 · · PR Newswire

31 Oct

Impact 3 · · 24/7 Wall St.

28 Oct

Impact 4 · · Trefis
Impact 3 · · Zacks
Impact 3 · · Zacks

27 Oct

Impact 4 · · PR Newswire
Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Simply Wall St.

26 Oct

Impact 4 · · Investing.com
Impact 3 · · Zacks

24 Oct

Impact 3 · · Barchart

22 Oct

Impact 3 · · Investing.com

14 Oct

Impact 3 · · ACCESS Newswire
Impact 3 · · Insider Monkey

13 Oct

Impact 3 · · PR Newswire

5 Oct

Impact 3 · · PR Newswire

30 Sep

Impact 4 · · PR Newswire

24 Sep

Impact 4 · · Simply Wall St.

22 Sep

Impact 3 · · ACCESS Newswire

4 Sep

Impact 4 ·

3 Sep

Impact 4 ·

ETR metrics, ten years each

stockrow.com/ETR · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com