ETR

ENTERGY CORP /DE/

Utilities • CIK: 0000065984

Market Cap

$40.86B

P/E (TTM)

23.3x

Rev Growth (TTM)

+9.0%

Net Margin (TTM)

13.6%

FCF Yield (TTM)

-6.2%

FCF Margin (TTM)

-19.6%

Filing Intelligence

4.0/10

10-K filed Feb 19, 2026 • FY 2025

Executive Summary

Management asserts that internal controls are effective, but acknowledges their inherent limitations.. The company is subject to an SEC investigation regarding inventory accounting, which has been...

Key Concerns

●Significant fluctuation in 'Allowance for Doubtful Accounts' provisions (decrease in 2024, large increase in 2025).
●Entergy Louisiana has a significant purchase obligation for energy from the Vidalia project through 2031, with projected payments totaling...
●The company has a contingent obligation related to nuclear power plant accidents, with a maximum potential retrospective premium assessment...

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LATEST EARNINGS

•

Q4 FY2025

•

about 2 months ago

•View source

Revenue

N/A

—

Net Income

$236.00M

-17.5%

EPS

$0.51

-22.7%

•Full year 2025 adjusted earnings per share of $3.91, up from $3.65 in 2024.
•Utility business reported full year 2025 earnings of $2,280 million, an increase from $2,115 million in 2024.
•Operating cash flow increased to $5,151 million in 2025 from $4,489 million in 2024.
•Site Selection magazine named Entergy a Top Utility in economic development for the 18th consecutive year.

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Cash Flow Health

Free Cash Flow2/8 positive

TTM$-2.5B

Q4 '25

$-910M-470%

Q3 '25

$246M+133%

FCF Margin

TTM-19.6%

Q4 '25-30.7%-576%

Sector: 0.0%Above Avg

OCF Margin39.8%

OCF/NI2.93x

CapEx Coverage0.7x

FCF Yield-6.2%

FCF Growth (2Y)–

Cash Conversion Cycle

44 days

DSO: 44+DIO: –−DPO: –

View Insights from Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Balanced

Total Shareholder YieldEst.

Est.2.6%

Div Yield2.6%

Balancing returns with reinvestment

Dividend & Payout Metrics

Dividend Yield (TTM)2.6%

Free Cash Flow (TTM)$-2.5B

Capital Return / FCF-43.1%

Est. Dividends Paid (TTM)$1.1B

Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

5.4%

Stable

+0.0% YoY+2.3%

P25MedianP75

75th pctl (med: 0.1%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

19.3%

8Q: 18.4%

Asset Turnover

0.19x

8Q: 0.19x

Leverage (1+D/E)

2.83x

D/E: 1.83x

DuPont: 10.4% ≈ 5.4% ROIC

Asset & CapEx Efficiency

Fixed Asset Turn

27.77x

8Q:27.51x

-53.6%

Invested Cap Turn

-17.88x

8Q:-20.79x

-1623.2%

CapEx Intensity

-10.6%

8Q:-9.3%

CapEx/Depreciation

3.33x

Asset-based ROIC formula

Full Analysis

QUARTERLY TRENDS

Last 8 quarters + TTM

Metric	TTM	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024
Revenue	$12.9B	$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↑5.7%	$2.8B
Operating Income	$3.2B	$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↑159.5%	$238.0M
Net Income	$1.8B	$235.8M↓66.0%	$693.8M↑48.3%	$467.9M↑29.7%	$360.8M↑25.9%	$286.4M↓55.6%	$644.9M↑1218.3%	$48.9M↓35.0%	$75.3M
Operating Cash Flow	$5.2B	$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↑96.8%	$521.1M
Free Cash Flow	$-2.5B	$-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↑68.7%	$-440.1M
Total Equity	N/A

Income Statement Cash Flow Statement Balance Sheet

Valuation Analysis

Fair Value

Price-to-EarningsTTM

23.3x

Volatile

8Q: 107.5x-62033%

Valuation Lenses

Earnings

23.3x

vs – sector

Cash Flow

-27.6x

EV/FCF vs –

Growth-Adj

0.4xPEG

Undervalued for growth

Quality-Adj

4.3P/E per %ROIC

ROIC: 5.4%

Shareholder Returns

Dividend

2.6%

Buyback

–

Total Yield

2.6%

Market Cap$40.86B

EV$69.89B

Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score

73/100

High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg

11.0%

8Q:–

Return on Invested Capital (ROIC)Top 25%

5.4%

8Q:–

+2.3%

vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 19.3%

Asset Turnover: 0.19x

Earnings Quality

Cash Conversion

2.93x

OCF / Net Income ✓

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin–

Capital Efficiency

Invested Capital Turnover-17.88x

Working Capital

Cash Conversion Cycle44 days

Growth Quality & Momentum

Moderate Growth

Growth Quality Score

59/100

Growth 40%

Margins 30%

FCF 20%

Consistency 10%

Growth Rates

Revenue Growth YoY

9.0%

OpInc Growth YoY

-18.5%

EPS Growth YoY

59.6%

FCF 3Y CAGR

N/A

Margin Quality & Sustainability

Low Quality

Profitability Cascade

Gross

—

Operating

24.7%

Above Avg in sector

Net

13.6%

Margins Unknown

Earnings Quality Signals

SBC / Revenue

—

FCF vs Net Gap

-33.2 pts

FCF: -19.6% | Net: 13.6%

FCF margin lags net margin by 33.2 pts

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Leveraged

Net Debt / EBITDA

–Net Debt: $29.01B

Interest Coverage

–

Balance sheet risk & solvency analysis

Research

All research

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