Entergy (ETR)
Utilities · $48.4B market cap · SEC CIK 0000065984
fundamentals score out of 100
Next reports on Oct 27, 2026, before the open, with analysts expecting $1.69 in earnings per share.
The case for ETR
- Revenue growing 9.7% year over year.
- Pays a 4.5% dividend while you wait.
- Moves less than the market (beta 0.45).
The case against
- Burned $2.5B of free cash in FY2025.
- Earnings per share down 28.5%.
- Priced at 26.6× earnings while earnings per share are shrinking (-28.5%).
- Long-term debt of $27.9B would take 5 years of operating cash flow to repay.
- Current liabilities exceed current assets (ratio 0.91).
- P/E of 26.6× is higher than 97% of Utilities companies.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Utilities companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 24 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 34 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 59 |
| Momentumhow the price has behaved lately | 47 |
| Stabilityhow violently it moves, what it owes and what it pays you | 61 |
- Each factor except momentum is half fixed thresholds, half rank among the 31 Utilities companies.
Key numbers
| Price / earnings | 26.6× |
|---|---|
| Price / book | 2.84× |
| Price / sales | 3.6× |
| Revenue growth (YoY) | +9.7% |
| EPS growth (YoY) | -28.5% |
| Gross margin | 42% |
| Operating margin | 23% |
| Net margin | 14% |
| Return on equity | 10% |
| Debt / equity | 1.87× |
| Current ratio | 0.91 |
| Dividend yield | 4.47% |
| Beta | 0.45 |
| 52-week range | $87.69 – $118.45 |
| Position in that range | 44% of the way up |
| 3-month return | -8.6% |
| 1-year return | +14.6% |
Five years of financials, as filed
Pulled from Entergy's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $12.9B | $11.9B | $12.1B | $13.8B | $11.7B |
| Operating income | $3.2B | $2.7B | $2.6B | $2.1B | $1.8B |
| Net income | — | — | $2.4B | $1.1B | $1.1B |
| Operating cash flow | $5.2B | $4.5B | $4.3B | $2.6B | $2.3B |
| Capital expenditure | $7.7B | $4.8B | $4.4B | $5.1B | $168M |
| Total assets | $71.9B | $64.8B | $59.7B | $58.6B | $59.5B |
| Shareholder equity | $16.9B | $15.1B | $14.6B | $13.0B | $11.6B |
| Cash | $1.9B | $860M | $133M | $224M | $443M |
| Long-term debt | $27.9B | $26.6B | $23.0B | $23.6B | $24.8B |
| Free cash flow | -$2.5B | -$350M | -$146M | -$2.5B | $2.1B |
| Operating margin | 24.7% | 22.3% | 21.6% | 14.9% | 15.7% |
| Net margin | — | — | 19.4% | 8.0% | 9.5% |
| Diluted shares | 450M | 432M | 425M | 411M | 404M |
Share count is up 11.5% over 4 years. Your slice has been diluted. Counts are restated for stock splits so the years compare.
What Entergy says it does
RISK FACTORS SUMMARY Entergy’s business is subject to numerous risks and uncertainties that could affect its ability to successfully implement its business strategy and affect its financial results. Carefully consider all of the information in this report and, in particular, the following principal risks and all of the other specific factors described in Part I, Item 1A of this report, "Risk Factors," before deciding whether to invest in Entergy or the Registrant Subsidiaries. Utility Regulatory Risks • The terms and conditions of service, including electric rates, of the Registrant Subsidiaries are determined through regulatory approval proceedings that can be lengthy and subject to appeal, potentially resulting in lengthy litigation and uncertainty as to ultimate results. • Entergy’s business could experience adverse effects related to changes to state or federal legislation or regulation, including increased tariffs, as…
Risk factors ETR lists in its 10-K
- Natural Gas Distribution Businesses
- 2024 Net Income (Loss) Attributable to Entergy Corporation
- 2025 Net Income (Loss) Attributable to Entergy Corporation
- Income Tax Legislation and Regulation
- Long-term debt maturities and estimated interest payments
- Letters of Credit Issued as of December 31, 2025
- - Qualified Pension and Other Postretirement Benefits
- Capital Expenditure Plans and Other Uses of Capital
- Planned construction and capital investments
- Filings with the APSC (Entergy Arkansas)
- Industrial and Commercial Customers
- Rate, Cost-recovery, and Other Regulation
- State and Local Rate Regulation and Fuel-Cost Recovery
- Market and Credit Risk Sensitive Instruments