Entergy Corp Financials
This page shows Entergy Corp (ETR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Entergy's core mechanic is regulated earnings growth funded by heavy reinvestment that consistently outruns internally generated cash year after year.
Operating cash flow climbed from$4.3B to$5.2B , yet free cash flow worsened because capital spending accelerated even faster than cash generation. That combination means the company is improving at the operating level, but each dollar of improvement is being pulled back into building and upgrading long-lived assets rather than accumulating as surplus cash.
The jump in operating margin to
The company paid dividends of
Financial Health Signals
Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Entergy Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Entergy Corp scores 1.12, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($53.2B) relative to total liabilities ($55.0B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Entergy Corp passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Entergy Corp generates $2.90 in operating cash flow ($5.2B OCF vs $1.8B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Entergy Corp earns $2.3 in operating income for every $1 of interest expense ($3.2B vs $1.4B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Entergy Corp generated $12.9B in revenue in fiscal year 2025. This represents an increase of 9.0% from the prior year.
Entergy Corp's EBITDA was $5.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.8% from the prior year.
Entergy Corp reported $1.8B in net income in fiscal year 2025. This represents an increase of 67.1% from the prior year.
Entergy Corp earned $3.91 per diluted share (EPS) in fiscal year 2025. This represents an increase of 59.6% from the prior year.
Cash & Balance Sheet
Entergy Corp generated -$2.5B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 624.4% from the prior year.
Entergy Corp held $1.9B in cash against $27.9B in long-term debt as of fiscal year 2025.
Entergy Corp paid $2.44 per share in dividends in fiscal year 2025. This represents an increase of 6.1% from the prior year.
Entergy Corp had 453M shares outstanding in fiscal year 2025. This represents an increase of 5.2% from the prior year.
Margins & Returns
Entergy Corp's operating margin was 24.7% in fiscal year 2025, reflecting core business profitability. This is up 2.4 percentage points from the prior year.
Entergy Corp's net profit margin was 13.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.8 percentage points from the prior year.
Entergy Corp's ROE was 10.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.4 percentage points from the prior year.
Capital Allocation
Entergy Corp invested $7.7B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 58.8% from the prior year.
ETR Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.2B+7.7% | $3.0B-22.4% | $3.8B+14.5% | $3.3B+16.9% | $2.8B+3.8% | $2.7B-19.1% | $3.4B+14.7% | $3.0B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $572.2M+4.9% | $545.7M-51.2% | $1.1B+33.6% | $837.4M+19.6% | $700.1M+4.6% | $669.6M-40.5% | $1.1B+82.3% | $617.6M |
| Interest Expense | $399.9M+6.8% | $374.5M+7.9% | $347.0M+1.1% | $343.1M-1.5% | $348.4M+3.0% | $338.3M+9.7% | $308.5M+6.5% | $289.6M |
| Income Tax | $87.8M+62.0% | $54.2M-73.6% | $205.3M+48.3% | $138.4M+38.3% | $100.0M-9.8% | $110.9M-48.5% | $215.5M+540.6% | $33.6M |
| Net Income | $390.8M+62.5% | $240.5M-65.6% | $698.4M+48.0% | $472.0M+30.2% | $362.4M+26.2% | $287.2M-55.5% | $645.8M+1148.3% | $51.7M |
| EPS (Diluted) | $0.83 | N/A | $1.53+45.7% | $1.05+28.0% | $0.82 | N/A | $1.50+1263.6% | $0.11 |
ETR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $75.8B+5.4% | $71.9B+2.9% | $69.8B+2.1% | $68.4B+2.6% | $66.6B+2.8% | $64.8B+0.5% | $64.5B+2.7% | $62.8B |
| Current Assets | $7.8B+34.5% | $5.8B+4.5% | $5.6B+7.1% | $5.2B+1.5% | $5.1B+16.3% | $4.4B-15.7% | $5.2B+1.4% | $5.1B |
| Cash & Equivalents | $3.6B+85.1% | $1.9B+27.2% | $1.5B+29.0% | $1.2B-22.3% | $1.5B+76.0% | $859.7M-39.1% | $1.4B+4.2% | $1.4B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $1.6B |
| Goodwill | $367.6M0.0% | $367.6M0.0% | $367.6M0.0% | $367.6M0.0% | $367.7M0.0% | $367.6M-1.7% | $374.1M0.0% | $374.1M |
| Total Liabilities | $58.5B+6.3% | $55.0B+3.3% | $53.2B+1.9% | $52.2B+1.4% | $51.4B+3.5% | $49.7B+0.6% | $49.4B+2.6% | $48.2B |
| Current Liabilities | $8.2B+4.3% | $7.8B+0.4% | $7.8B+19.6% | $6.5B+5.0% | $6.2B+1.5% | $6.1B+4.3% | $5.9B+6.8% | $5.5B |
| Long-Term Debt | $31.2B+11.6% | $27.9B+3.1% | $27.1B-3.8% | $28.1B-0.5% | $28.3B+6.2% | $26.6B+0.2% | $26.6B+1.0% | $26.3B |
| Total Equity | $17.3B+2.5% | $16.9B+1.6% | $16.7B+2.8% | $16.2B+6.8% | $15.2B+0.7% | $15.1B+0.3% | $15.0B+3.2% | $14.6B |
| Retained Earnings | $12.8B+0.7% | $12.7B-0.4% | $12.8B+3.5% | $12.3B+1.7% | $12.1B+0.9% | $12.0B+0.2% | $12.0B+3.5% | $11.6B |
ETR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $829.0M-31.9% | $1.2B-42.9% | $2.1B+69.2% | $1.3B+135.3% | $536.2M-61.1% | $1.4B-11.7% | $1.6B+52.4% | $1.0B |
| Capital Expenditures | $2.3B+5.9% | $2.1B+12.7% | $1.9B-5.9% | $2.0B+21.0% | $1.7B+5.5% | $1.6B+38.0% | $1.1B-1.9% | $1.2B |
| Free Cash Flow | -$1.4B-56.5% | -$909.7M-469.8% | $246.0M+132.9% | -$746.6M+33.6% | -$1.1B-480.0% | -$193.8M-145.9% | $421.8M+406.2% | -$137.8M |
| Investing Cash Flow | -$2.4B-27.6% | -$1.9B-29.1% | -$1.5B+27.6% | -$2.0B-18.7% | -$1.7B+7.4% | -$1.8B-20.3% | -$1.5B-30.2% | -$1.2B |
| Financing Cash Flow | $3.2B+196.3% | $1.1B+438.2% | -$322.9M-174.9% | $431.1M-76.4% | $1.8B+2265.9% | -$84.4M-387.1% | $29.4M-86.2% | $213.6M |
| Dividends Paid | $292.9M+1.2% | $289.5M+8.0% | $267.9M+3.7% | $258.5M+0.1% | $258.2M+0.2% | $257.7M+6.6% | $241.7M+0.2% | $241.3M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ETR Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 17.9%-0.5pp | 18.4%-10.9pp | 29.4%+4.2pp | 25.2%+0.6pp | 24.6%+0.2pp | 24.4%-8.8pp | 33.2%+12.3pp | 20.9% |
| Net Margin | 12.3%+4.1pp | 8.1%-10.2pp | 18.3%+4.1pp | 14.2%+1.5pp | 12.7%+2.3pp | 10.5%-8.6pp | 19.1%+17.3pp | 1.8% |
| Return on Equity | 2.3%+0.8pp | 1.4%-2.8pp | 4.2%+1.3pp | 2.9%+0.5pp | 2.4%+0.5pp | 1.9%-2.4pp | 4.3%+3.9pp | 0.4% |
| Return on Assets | 0.5%+0.2pp | 0.3%-0.7pp | 1.0%+0.3pp | 0.7%+0.1pp | 0.5%+0.1pp | 0.4%-0.6pp | 1.0%+0.9pp | 0.1% |
| Current Ratio | 0.96+0.2 | 0.74+0.0 | 0.71-0.1 | 0.80-0.0 | 0.82+0.1 | 0.72-0.2 | 0.89-0.0 | 0.94 |
| Debt-to-Equity | 1.80+0.1 | 1.65+0.0 | 1.62-0.1 | 1.73-0.1 | 1.86+0.1 | 1.760.0 | 1.77-0.0 | 1.81 |
| FCF Margin | -44.6%-13.9pp | -30.7%-37.2pp | 6.5%+28.9pp | -22.4%+17.0pp | -39.5%-32.4pp | -7.1%-19.5pp | 12.4%+17.1pp | -4.7% |
Note: The current ratio is below 1.0 (0.74), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Entergy Corp's annual revenue?
Entergy Corp (ETR) reported $12.9B in total revenue for fiscal year 2025. This represents a 9.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Entergy Corp's revenue growing?
Entergy Corp (ETR) revenue grew by 9% year-over-year, from $11.9B to $12.9B in fiscal year 2025.
Is Entergy Corp profitable?
Yes, Entergy Corp (ETR) reported a net income of $1.8B in fiscal year 2025, with a net profit margin of 13.7%.
What is Entergy Corp's EBITDA?
Entergy Corp (ETR) had EBITDA of $5.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Entergy Corp have?
As of fiscal year 2025, Entergy Corp (ETR) had $1.9B in cash and equivalents against $27.9B in long-term debt.
What is Entergy Corp's operating margin?
Entergy Corp (ETR) had an operating margin of 24.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Entergy Corp's net profit margin?
Entergy Corp (ETR) had a net profit margin of 13.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Entergy Corp pay dividends?
Yes, Entergy Corp (ETR) paid $2.44 per share in dividends during fiscal year 2025.
What is Entergy Corp's return on equity (ROE)?
Entergy Corp (ETR) has a return on equity of 10.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Entergy Corp's free cash flow?
Entergy Corp (ETR) generated -$2.5B in free cash flow during fiscal year 2025. This represents a -624.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Entergy Corp's operating cash flow?
Entergy Corp (ETR) generated $5.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Entergy Corp's total assets?
Entergy Corp (ETR) had $71.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Entergy Corp's capital expenditures?
Entergy Corp (ETR) invested $7.7B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Entergy Corp's current ratio?
Entergy Corp (ETR) had a current ratio of 0.74 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Entergy Corp's debt-to-equity ratio?
Entergy Corp (ETR) had a debt-to-equity ratio of 1.65 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Entergy Corp's return on assets (ROA)?
Entergy Corp (ETR) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Entergy Corp's Altman Z-Score?
Entergy Corp (ETR) has an Altman Z-Score of 1.12, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Entergy Corp's Piotroski F-Score?
Entergy Corp (ETR) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Entergy Corp's earnings high quality?
Entergy Corp (ETR) has an earnings quality ratio of 2.90x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Entergy Corp cover its interest payments?
Entergy Corp (ETR) has an interest coverage ratio of 2.3x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Entergy Corp?
Entergy Corp (ETR) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.