Entergy Corporation

ETR · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$41,279	$32,513	$21,399	$23,734	$22,641	$20,066	$24,078	$17,298	$16,358	$14,766	$13,739	$15,703	$11,277	$11,306	$12,963	$13,177	$15,776	$15,874	$23,494	$19,152	$14,424	$14,936	$12,960	$10,171	$8,643	$9,589	$6,314	$7,668	$7,200	$6,341	$7,142	$3,819	$5,765	$5,823	$5,408	$4,387	$5,608	$2,581	$1,693	$2,679	$2,119
Enterprise value	$68,493	$61,065	$47,929	$50,628	$49,632	$42,538	$43,806	$34,950	$32,254	$28,853	$26,238	$28,405	$24,521	$24,062	$24,273	$22,748	$24,756	$24,821	$32,548	$27,493	$23,129	$21,935	$20,269	$17,861	$16,792	$17,365	$12,627	$14,028	$16,661	$14,308	$14,434	$11,238	$13,403	–	–	–	–	–	–	–	–
P/E (TTM) at period end	23.48×	30.80×	9.08×	21.51×	20.24×	14.45×	19.40×	20.38×	39.74×	–	–	16.69×	15.84×	13.35×	9.63×	10.54×	12.78×	12.75×	20.70×	16.91×	15.61×	16.01×	13.63×	16.32×	11.52×	13.49×	10.61×	9.76×	23.93×	15.10×	14.74×	11.17×	10.45×	13.31×	11.22×	9.17×	–	6.28×	4.75×	5.94×	5.28×
P/S (TTM) at period end	3.19×	2.74×	1.76×	1.72×	1.93×	1.98×	2.21×	1.57×	1.76×	1.67×	1.48×	1.64×	1.26×	1.44×	1.49×	1.51×	2.00×	1.58×	2.60×	1.75×	1.43×	1.48×	1.41×	1.22×	0.90×	0.96×	0.72×	0.67×	0.75×	0.89×	1.14×	0.64×	1.29×	1.41×	1.33×	1.10×	1.51×	0.72×	0.49×	0.77×	0.65×
P/B at period end	2.44×	2.16×	1.46×	1.83×	1.95×	1.84×	2.36×	1.96×	2.05×	1.83×	1.48×	1.57×	1.17×	1.23×	1.45×	1.55×	1.83×	1.99×	2.99×	2.24×	1.76×	1.72×	1.43×	1.24×	1.11×	1.30×	0.82×	0.96×	0.91×	0.84×	0.96×	0.52×	0.76×	–	–	–	–	–	–	–	–
EV / EBITDA (TTM)	11.93×	11.99×	9.86×	11.94×	12.14×	10.56×	12.26×	13.92×	9.38×	22.06×	14.43×	6.87×	7.28×	7.83×	6.46×	5.73×	6.61×	6.75×	10.21×	10.12×	8.43×	8.42×	8.17×	9.32×	7.26×	7.47×	6.00×	5.13×	–	–	–	–	–	–	–	–	–	–	–	–	–
EV / Sales (TTM)	5.29×	5.14×	3.95×	3.68×	4.23×	4.21×	4.03×	3.17×	3.48×	3.25×	2.82×	2.96×	2.74×	3.06×	2.80×	2.60×	3.14×	2.46×	3.60×	2.51×	2.29×	2.17×	2.20×	2.15×	1.75×	1.73×	1.44×	1.22×	1.74×	2.00×	2.30×	1.88×	2.99×	–	–	–	–	–	–	–	–
Returns
Return on equity	10.4%	7.0%	16.1%	8.5%	9.6%	12.7%	12.1%	9.6%	5.1%	(7.2%)	(1.9%)	9.4%	7.4%	9.2%	15.0%	14.7%	14.3%	15.6%	14.4%	13.3%	11.3%	10.8%	10.5%	7.6%	9.6%	9.6%	7.7%	9.8%	3.8%	5.5%	6.5%	4.6%	7.3%	–	–	–	–	–	–	–	–
Return on invested capital	5.4%	4.5%	6.4%	5.1%	4.1%	5.3%	4.6%	–	2.5%	(1.5%)	(0.3%)	5.5%	4.5%	5.6%	8.0%	7.9%	7.9%	8.2%	7.9%	7.2%	6.4%	6.8%	5.7%	4.5%	6.1%	5.9%	5.6%	7.9%	4.2%	4.8%	6.0%	5.7%	5.0%	–	–	–	–	–	–	–	–
Dividend yield	2.6%	3.0%	4.3%	3.5%	3.4%	3.7%	3.0%	3.7%	3.8%	4.1%	4.4%	3.8%	5.3%	5.2%	4.5%	4.6%	3.7%	3.6%	2.2%	2.3%	3.1%	2.9%	3.0%	3.2%	3.4%	3.2%	5.3%	5.5%	6.8%	7.5%	5.7%	10.7%	5.0%	–	–	–	–	–	–	–	–
Financial health
Current ratio	0.74×	0.72×	0.57×	0.64×	0.59×	0.65×	0.54×	0.54×	0.65×	1.15×	1.32×	1.14×	0.97×	0.90×	0.73×	1.56×	1.42×	1.37×	1.16×	1.29×	1.31×	1.32×	1.28×	1.01×	0.84×	1.15×	1.49×	1.87×	1.13×	1.25×	1.10×	1.09×	1.23×	–	–	–	–	–	–	–	–
Debt / equity	1.79×	1.86×	1.72×	2.00×	2.22×	2.05×	1.75×	1.83×	1.89×	1.84×	1.44×	1.33×	1.31×	1.37×	1.37×	1.37×	1.33×	1.47×	1.43×	1.07×	1.11×	0.88×	0.87×	1.06×	1.09×	1.18×	0.95×	0.92×	1.28×	1.07×	1.01×	1.06×	1.04×	–	–	–	–	–	–	–	–
Effective tax rate	21.9%	26.4%	(41.3%)	(3.7%)	14.6%	(9.5%)	(15.6%)	595.0%	56.1%	59.1%	80.4%	38.0%	23.6%	3.4%	17.3%	32.7%	33.6%	32.7%	30.7%	28.1%	36.6%	28.1%	37.6%	32.1%	38.5%	40.3%	37.5%	25.3%	61.0%	50.1%	41.0%	27.8%	38.3%	–	–	–	–	–	–	–	–
Share count
Diluted shares outstanding	450	432	425	411	404	402	394	367	361	358	358	361	357	355	357	376	392	402	406	423	429	451	462	455	449	457	491	493	481	459	488	349	320	353	365	392	475	323	410	408	399

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$13,482	$12,947	$11,880	$12,147	$13,764	$11,743	$10,114	$10,879	$11,009	$9,279	$8,867	$9,309	$9,592	$8,942	$7,871	$8,674	$8,741	$7,880	$10,073	$9,046	$10,932	$10,106	$10,124	$9,195	$8,305	$9,621	$10,016	$8,773	$11,495	$9,562	$7,163	$6,274	$5,963	$4,485	$4,116	$4,051	$3,982	$3,724	$3,565	$3,455	$3,486	$3,238
Cost of revenue	($8,237)	($9,074)	($6,141)	($6,818)	($8,489)	($6,871)	($5,655)	($6,700)	($7,307)	–	–	–	–	–	–	–	–	–	–	–	($5,452)	($4,860)	–	($3,845)	($2,987)	($4,792)	($5,379)	($4,601)	($6,375)	($4,070)	($2,396)	($1,838)	($1,855)	($1,262)	–	–	–	–	–	–	–	–
Gross profit	$5,245	$3,872	$5,738	$5,329	$5,275	$4,872	$4,458	$4,179	$3,703	–	–	–	–	–	–	–	–	–	–	–	$5,480	$5,246	–	$5,350	$5,318	$4,829	$4,643	$4,164	$5,120	$5,469	$4,768	$4,436	$4,127	$3,214	–	–	–	–	–	–	–	–
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	($191)	($212)	($199)	($189)	–	($146)	($143)	($150)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Total operating expenses	($2,158)	($670)	($3,087)	($2,711)	($3,225)	($3,026)	($2,689)	($2,788)	($3,233)	–	–	–	–	–	–	–	–	–	–	–	($3,798)	($3,504)	–	($3,865)	($4,272)	($3,255)	($3,134)	($2,920)	($3,608)	($3,608)	($3,270)	($2,932)	($2,956)	($1,969)	–	–	–	–	–	–	–	–
Total costs and expenses	($10,395)	($9,744)	($9,229)	($9,529)	($11,713)	($9,897)	($8,344)	($9,488)	($10,540)	($7,918)	($9,682)	($9,608)	($7,585)	($7,587)	($6,569)	($6,660)	($6,473)	($5,595)	($7,790)	($6,990)	($9,249)	($8,364)	($8,564)	($7,710)	($7,259)	($8,048)	($8,507)	($7,529)	($9,983)	($7,700)	($5,665)	($4,771)	($4,792)	($3,241)	–	–	–	–	–	–	–	–
Operating income	$3,087	$3,202	$2,651	$2,618	$2,051	$1,846	$1,769	$1,390	$469	$1,360	($815)	($299)	$2,007	$1,355	$1,301	$2,013	$2,267	$2,285	$2,283	$2,056	$1,683	$1,742	$1,560	$1,485	$1,046	$1,573	$1,509	$1,244	$1,512	$1,862	$1,498	$1,503	$1,171	$1,244	$4,116	$4,051	$3,982	$3,724	$3,565	$3,455	$3,486	$3,238
Earnings
EBITDA	$5,695	$5,739	$5,095	$4,862	$4,241	$4,089	$4,027	$3,573	$2,510	$3,439	$1,308	$1,818	$4,135	$3,367	$3,073	$3,759	$3,973	$3,743	$3,675	$3,188	$2,718	$2,744	$2,605	$2,481	$1,915	$2,314	$2,325	$2,105	$2,734	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest income	$587	$317	$299	$163	($76)	$430	$393	$548	$64	$288	$145	$187	$148	$199	$128	$129	$184	$237	$198	$239	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($1,475)	($1,337)	($1,151)	($1,006)	($912)	($835)	($786)	($742)	($707)	($662)	($666)	($643)	($628)	($604)	($569)	($514)	($575)	($570)	($609)	($637)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$2,297	$2,271	$1,442	$1,672	$1,058	$1,310	$1,285	$1,088	($174)	$968	($1,382)	($800)	$1,550	$957	$899	$1,654	$1,888	$1,884	$1,844	$1,674	$1,576	$1,528	$1,299	$1,303	$917	$1,183	$1,190	$952	$1,052	$772	$841	$821	$474	$743	–	–	–	–	–	–	–	–
Income tax expense	($479)	($498)	($381)	$691	$39	($191)	$122	$170	$1,037	($543)	$817	$643	($590)	($226)	($31)	($286)	($617)	($633)	($603)	($514)	($443)	($559)	($365)	($490)	($294)	($456)	($479)	($357)	($267)	($471)	($421)	($336)	($132)	($285)	–	–	–	–	–	–	–	–
Net income	$1,818	$1,773	$1,061	$2,362	$1,097	$1,119	$1,407	$1,258	$849	$412	($584)	($177)	$941	$712	$847	$1,346	$1,250	$1,231	$1,221	$1,135	$1,133	$924	$933	$950	$623	$751	$711	$595	$786	$301	$420	$485	$342	$552	$438	$482	$478	($473)	$411	$357	$451	$401
Per share
Diluted EPS (GAAP)	$3.90	$3.91	$2.45	$5.55	$2.68	$2.77	$3.45	$3.15	$2.31	$1.14	($1.63)	($0.495)	$2.61	$2.00	$2.38	$3.77	$3.33	$3.15	$3.10	$2.80	$2.68	$2.10	$1.97	$2.01	$1.32	$1.62	$1.49	$1.13	$1.50	$0.52	$0.92	$1.07	$0.75	$1.58	$1.24	$1.32	$1.22	($1.15)	$1.00	$0.87	$1.11	$1.00
Basic EPS (GAAP)	$3.96	$3.98	$2.47	$5.57	$2.70	$2.79	$3.47	$3.18	$2.34	$1.15	($1.63)	($0.495)	$2.62	$2.00	$2.38	$3.79	$3.36	$3.19	$3.19	$2.88	$2.73	$2.13	$2.01	$2.05	$1.35	$1.65	$1.50	$1.13	$1.50	$0.52	$0.92	$1.07	$0.75	$1.58	$1.24	$1.32	$1.22	($1.15)	$1.00	$0.87	$1.11	$1.00
Basic shares outstanding	453	442	428	423	409	402	400	390	363	359	358	358	359	356	355	355	372	386	382	393	415	420	442	454	446	442	453	490	493	481	459	488	349	320	353	365	392	475	323	410	408	399
Margins
Gross margin	38.9%	29.9%	48.3%	43.9%	38.3%	41.5%	44.1%	38.4%	33.6%	–	–	–	–	–	–	–	–	–	–	–	50.1%	51.9%	–	58.2%	64.0%	50.2%	46.4%	47.5%	44.5%	57.2%	66.6%	70.7%	69.2%	71.6%	–	–	–	–	–	–	–	–
Operating margin	22.9%	24.7%	22.3%	21.6%	14.9%	15.7%	17.5%	12.8%	4.3%	14.7%	(9.2%)	(3.2%)	20.9%	15.2%	16.5%	23.2%	25.9%	29.0%	22.7%	22.7%	15.4%	17.2%	15.4%	16.1%	12.6%	16.4%	15.1%	14.2%	13.2%	19.5%	20.9%	24.0%	19.6%	27.7%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Net margin	13.5%	13.7%	8.9%	19.4%	8.0%	9.5%	13.9%	11.6%	7.7%	4.4%	(6.6%)	(1.9%)	9.8%	8.0%	10.8%	15.5%	14.3%	15.6%	12.1%	12.5%	10.4%	9.1%	9.2%	10.3%	7.5%	7.8%	7.1%	6.8%	6.8%	3.1%	5.9%	7.7%	5.7%	12.3%	10.6%	11.9%	12.0%	(12.7%)	11.5%	10.3%	12.9%	12.4%

Analyst consensus

Buy32 analysts

Bearish · 0 · Hold · 13 · Bullish · 19

Earnings history

	EPS	Estimate
Q3 2024	$1.50	$1.48	Beat
Q4 2024	$0.66	$0.64	Beat
Q1 2025	$0.82	$0.69	Beat
Q2 2025	$1.05	$0.91	Beat
Q3 2025	$1.53	$1.43	Beat
Q4 2025	$0.51	$0.52	Miss
Q1 2026	$0.86	$0.84	Beat
Q2 2026	$1.03	$1.01	Beat

Peers

Company overview

IPO dateJun 1, 1972

CEODrew Marsh

Employees12,233

SectorUtilities

IndustryRegulated Electric

CountryUS

ExchangeNew York Stock Exchange

Websitewww.entergy.com

Entergy Corporation, headquartered in New Orleans, Louisiana, is a prominent American energy company primarily involved in generating and distributing electricity across the United States. Its operations are divided into two main divisions: Utility and Entergy Wholesale Commodities. The Utility division manages the end-to-end process of generating, transmitting, distributing, and selling electricity. This service covers specific regions of Arkansas, Louisiana, Mississippi, and Texas, including the metropolitan area of New Orleans, providing electricity to 3 million utility customers in these states. Additionally, this segment handles natural gas distribution. In contrast, the Entergy Wholesale Commodities division focuses on the ownership, operation, and decommissioning of nuclear power facilities. It also holds stakes in various non-nuclear power plants, selling their output to wholesale clients, and offers specialized services to other nuclear power plant operators. Entergy's electricity generation portfolio is diverse, utilizing natural gas, nuclear, coal, hydroelectric, and solar power. Collectively, its power plants boast an approximate generating capacity of 26,000 megawatts (MW), with 6,000 MW specifically from nuclear sources. Beyond its direct utility customers, Entergy also supplies energy to a range of wholesale clients, including other retail power providers, utility companies, electric power cooperatives, energy trading organizations, and fellow power generation firms. The company has a long history, established in 1913.

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