Stocks ETR Financial statements
Financial statementsENTERGY CORP /DE/ financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ENTERGY CORP /DE/ files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10,846 | 11,074 | 11,009 | 10,879 | 10,114 | 11,743 | 13,764 | 12,147 | 11,880 | 12,947 |
| Operating expenses | 11,732 | 9,831 | ||||||||
| Operating income | -815 | 1,360 | 469 | 1,390 | 1,769 | 1,846 | 2,051 | 2,618 | 2,651 | 3,202 |
| Interest expense | 666 | 662 | 707 | 742 | 786 | 835 | 912 | 1,006 | 1,151 | 1,337 |
| Other non-operating income | 99.8 | 270 | 63.7 | 440 | 302 | 299 | -80.4 | 60.2 | -58.1 | 406 |
| Pre-tax income | -1,382 | 968 | -174 | 1,088 | 1,285 | 1,310 | 1,058 | 1,672 | 1,442 | 2,271 |
| Income tax | -817 | 543 | -1,037 | -170 | -122 | 191 | -39 | -691 | 381 | 498 |
| Net income | -584 | 412 | 849 | 1,241 | 1,388 | 1,118 | 1,103 | 2,357 | 1,056 | 1,758 |
| EBITDA | 1,308 | 3,439 | 2,510 | 3,573 | 4,027 | 3,836 | 4,036 | 4,670 | 4,884 | 5,508 |
| EPS, basic | -1.63 | 1.14 | 2.34 | 3.17 | 3.46 | 2.78 | 2.70 | 5.57 | 2.47 | 3.98 |
| EPS, diluted | -1.63 | 1.14 | 2.31 | 3.14 | 3.44 | 2.76 | 2.68 | 5.55 | 2.45 | 3.91 |
| Shares, basic (weighted) | 358 | 360 | 363 | 391 | 401 | 403 | 409 | 423 | 428 | 442 |
| Shares, diluted (weighted) | 358 | 362 | 367 | 395 | 403 | 404 | 411 | 425 | 432 | 450 |
| Dividend per share | 1.71 | 1.75 | 1.79 | 1.83 | 1.87 | 1.93 | 2.05 | 2.17 | 2.30 | 2.44 |
Balance sheet
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 1,188 | 781 | 481 | 426 | 1,759 | 443 | 224 | 133 | 860 | 1,929 |
| Receivables | 1,170 | 1,213 | 1,114 | 1,209 | 1,286 | 1,370 | 1,495 | 1,393 | ||
| Other current assets | 193 | 156 | 234 | 284 | 196 | 157 | 191 | 213 | 233 | 425 |
| Total current assets | 3,684 | 3,285 | 2,958 | 3,046 | 4,560 | 3,624 | 4,095 | 3,661 | 4,396 | 5,807 |
| Property, plant and equipment | 234 | 261 | 304 | 333 | 343 | 358 | 366 | 419 | 424 | 482 |
| Lease right-of-use assets | 234 | 230 | 207 | 277 | 278 | |||||
| Goodwill | 377 | 377 | 377 | 377 | 377 | 377 | 377 | 374 | 368 | 368 |
| Long-term investments | 6,427 | 7,915 | 7,662 | 7,233 | 7,811 | 6,031 | 4,992 | 5,675 | 6,409 | 7,216 |
| Other non-current assets | 1,606 | 112 | 263 | 288 | 245 | 270 | 292 | 301 | 285 | 452 |
| Total assets | 45,904 | 46,707 | 48,275 | 51,724 | 58,239 | 59,454 | 58,595 | 59,703 | 64,790 | 71,891 |
| Accounts payable | 1,286 | 1,452 | 1,496 | 1,500 | 2,739 | 2,610 | 1,778 | 1,567 | 1,929 | 2,566 |
| Accrued liabilities | 482 | 478 | ||||||||
| Deferred revenue | 409 | 402 | 395 | 425 | 446 | |||||
| Short-term debt | 365 | 760 | 650 | 795 | 1,164 | 1,039 | 2,309 | 2,099 | 1,378 | 2,375 |
| Total current liabilities | 3,200 | 5,036 | 5,444 | 5,620 | 7,061 | 6,191 | 6,369 | 6,396 | 6,111 | 7,823 |
| Long-term debt | 14,468 | 14,315 | 15,518 | 17,079 | 21,206 | 24,842 | 23,624 | 23,009 | 26,614 | 27,902 |
| Lease liabilities | 181 | 147 | 211 | 211 | ||||||
| Other non-current liabilities | 1,122 | 394 | ||||||||
| Total liabilities | 37,823 | 38,715 | 39,431 | 41,465 | 47,278 | 47,749 | 45,530 | 44,960 | 49,605 | 54,877 |
| Total debt | 14,833 | 15,075 | 16,168 | 17,874 | 22,370 | 25,881 | 25,933 | 25,108 | 27,992 | 30,277 |
| Paid-in capital | 5,417 | 5,433 | 5,951 | 6,564 | 6,550 | 6,766 | 7,633 | 7,793 | 7,834 | 8,979 |
| Retained earnings | 8,196 | 7,978 | 8,721 | 9,258 | 9,897 | 10,241 | 10,502 | 11,940 | 12,014 | 12,698 |
| Treasury stock | -5,499 | -5,398 | -5,274 | -5,154 | -5,074 | -5,040 | -4,979 | -4,953 | -4,812 | -4,758 |
| Other comprehensive income | -35 | -23.5 | -557 | -447 | -449 | -333 | -192 | -162 | 42.8 | -3.01 |
| Shareholders' equity | 8,082 | 7,993 | 8,844 | 10,224 | 10,926 | 11,637 | 12,967 | 14,623 | 15,084 | 16,923 |
| Minority interests | 0 | 35 | 35 | 68.1 | 97.9 | 120 | ||||
| Total equity | 8,082 | 7,993 | 8,844 | 10,259 | 10,961 | 11,705 | 13,065 | 14,743 | 15,185 | 17,014 |
| Total liabilities and equity | 45,904 | 46,707 | 48,275 | 51,724 | 58,239 | 59,454 | 58,595 | 59,703 | 64,790 | 71,891 |
Cash flow statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -565 | 425 | 863 | 1,258 | 1,407 | 1,119 | 1,097 | 2,362 | 1,061 | 1,773 |
| Depreciation and amortization | 2,123 | 2,079 | 2,041 | 2,182 | 2,258 | 1,991 | 1,985 | 2,052 | 2,233 | 2,306 |
| Deferred income tax | -836 | 529 | -257 | 194 | -131 | 249 | -67.5 | -769 | 281 | 495 |
| Change in receivables | -97 | -97.6 | 98.5 | -101 | -139 | -84.6 | -157 | 102 | 3.06 | -79.8 |
| Change in payables | 174 | 102 | 97.3 | -71.9 | 137 | 270 | -102 | -135 | 112 | 38.8 |
| Cash from operations | 2,999 | 2,624 | 2,385 | 2,817 | 2,690 | 2,301 | 2,585 | 4,294 | 4,489 | 5,151 |
| Capital expenditures | -2,780 | -3,608 | -3,942 | -4,198 | -247 | -168 | -5,065 | -4,441 | -4,838 | -7,685 |
| Sales and maturities of investments | 2,409 | 3,163 | 2,406 | 1,427 | 1,024 | 1,465 | 889 | 661 | 1,258 | 902 |
| Cash from investing | -3,850 | -3,841 | -4,106 | -4,510 | -4,772 | -6,179 | -5,710 | -4,629 | -5,849 | -7,109 |
| Debt issued | 6,801 | 1,809 | 8,036 | 9,304 | 12,619 | 8,308 | 6,020 | 4,273 | 7,899 | 5,750 |
| Debt repaid | -5,311 | -1,586 | -6,966 | -7,619 | -8,152 | -4,828 | -5,996 | -5,136 | -5,054 | -3,502 |
| Stock issued | 0 | 0 | 499 | 608 | 0 | 201 | 853 | 131 | 0 | 1,136 |
| Share buybacks | 0 | 0 | ||||||||
| Dividends paid | -612 | -629 | -648 | -712 | -748 | -775 | -842 | -918 | -982 | -1,074 |
| Cash from financing | 688 | 811 | 1,420 | 1,638 | 3,416 | 2,562 | 2,906 | 243 | 2,088 | 3,028 |
| Net change in cash | -163 | -407 | -300 | -55.3 | 1,333 | -1,317 | -218 | -91.6 | 727 | 1,069 |
| Free cash flow | 218 | -984 | -1,557 | -1,381 | 2,443 | 2,132 | -2,480 | -146 | -350 | -2,534 |
| Interest paid | 902 | 987 | 1,115 | 1,238 | ||||||
| Income taxes paid | 95.3 | -13.4 | 19.8 | -40.4 | -31.2 | 98.4 | 28.4 | 42.8 | 41.6 | -515 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Operating margin | 23.1% | Operating income / revenue. |
| EBITDA margin | 40.7% | EBITDA (operating income + depreciation and amortization) / revenue. |
| Pre-tax margin | 17.2% | Pre-tax income / revenue. |
| Net margin | 13.4% | Net income / revenue. |
| FCF margin | -21.3% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 41.0% | Cash from operations / revenue. |
| Effective tax rate | 21.2% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 10.3% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 2.4% | Net income / average total assets. |
| Return on invested capital (ROIC) | 5.2% | Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%. |
| Capex / revenue | 62.3% | Capital expenditures / revenue. |
| D&A / revenue | 17.6% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | 9.0% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | -2.0% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 5.1% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating income growth, 1y | 20.8% | Operating income vs the same period a year earlier. Only from a positive base. |
| Operating income CAGR, 3y | 16.0% | Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating income CAGR, 5y | 12.6% | Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EBITDA growth, 1y | 12.8% | EBITDA vs the same period a year earlier. Only from a positive base. |
| EBITDA CAGR, 3y | 10.9% | Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EBITDA CAGR, 5y | 6.5% | Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | 66.6% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | 16.8% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | 4.8% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | 59.6% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | 13.4% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS CAGR, 5y | 2.6% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 14.8% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 25.8% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 13.9% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Dividend per share growth, 1y | 6.1% | Dividend per share vs the same period a year earlier. Only from a positive base. |
| Dividend per share CAGR, 3y | 6.0% | Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Dividend per share CAGR, 5y | 5.5% | Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | 12.2% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | 9.3% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | 9.1% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | 11.0% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 7.1% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 4.3% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | 4.3% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | 3.1% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | 2.2% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 0.96x | Current assets / current liabilities. |
| Quick ratio | 0.44x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.44x | (Cash + short-term investments) / current liabilities. |
| Debt / equity | 1.88x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 43.1% | Total debt / total assets. |
| Liabilities / assets | 77.0% | Total liabilities / total assets. |
| Net debt | $29.11B | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Net debt / EBITDA | 5.38x | Net debt / EBITDA (twelve months), when EBITDA is positive. |
| Interest coverage | 2.22x | Operating income / interest expense. |
| Working capital | -$349.9M | Current assets - current liabilities. |
| Goodwill and intangibles / assets | 0.5% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | $16.98B | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 0.18x | Revenue / average total assets. |
| Fixed asset turnover | 27.7x | Revenue / average property, plant and equipment. |
| FCF conversion | -159.0% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 152.1% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $3.85 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| Revenue per share | $28.73 | Revenue / diluted weighted shares. |
| FCF per share | -$6.13 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $11.77 | Cash from operations / diluted weighted shares. |
| Book value per share | $37.51 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | $36.71 | Tangible book value / shares outstanding. |
| Cash per share | $7.72 | (Cash + short-term investments) / shares outstanding. |
| Payout ratio | 62.2% | Dividends paid / net income, when net income is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $46.00B | Share price x shares outstanding. |
| Enterprise value | $75.10B | Market cap + total debt - cash - short-term investments. |
| P/E | 25.8x | Market cap / net income. Only when net income is positive. |
| P/S | 3.46x | Market cap / revenue. |
| P/B | 2.65x | Market cap / shareholders' equity. Only when equity is positive. |
| Price / tangible book | 2.71x | Market cap / tangible book value, when positive. |
| P/OCF | 8.45x | Market cap / cash from operations, when positive. |
| EV/Sales | 5.65x | Enterprise value / revenue. |
| EV/EBIT | 24.4x | Enterprise value / operating income, when both are positive. |
| EV/EBITDA | 13.9x | Enterprise value / EBITDA, when both are positive. |
| FCF yield | -6.2% | Free cash flow / market cap. |
| Earnings yield | 3.9% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 2.4% | Dividends paid over the period / market cap. |
| Shareholder yield | 2.4% | (Dividends paid + share buybacks) / market cap. |
| PEG | 1.92x | P/E / EPS growth per year over 3 years (in percent). Only when both are positive. |
What was ENTERGY CORP /DE/'s revenue in fiscal 2025?
ENTERGY CORP /DE/ reported revenue of $12.95B for fiscal 2025, 9% higher than the year before.
Was ENTERGY CORP /DE/ profitable in fiscal 2025?
Yes. Net income was $1.76B, a net margin of 13.6%.
How much free cash flow did ENTERGY CORP /DE/ generate in fiscal 2025?
Cash from operations of $5.15B minus capital expenditures of $7.68B left free cash flow of -$2.53B.