Entergy (ETR) financial statements
Entergy reported revenue of $12.9B in fiscal 2025, up 2.0% a year over 9 years.
Net income was $1.8B and the operating margin 24.7%, against -7.5% in 2016.
Free cash flow was -$2.5B, and the company returned $1.1B in dividends.
The diluted share count rose 26% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Entergy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8B | $11.1B | $11.0B | $10.9B | $10.1B | $11.7B | $13.8B | $12.1B | $11.9B | $12.9B |
| Operating income | -$815M | $1.4B | $469M | $1.4B | $1.8B | $1.8B | $2.1B | $2.6B | $2.7B | $3.2B |
| Interest expense | $666M | $662M | $707M | $742M | $786M | $835M | $912M | $1.0B | $1.2B | $1.3B |
| Pre-tax income | -$1.4B | $968M | -$174M | $1.1B | $1.3B | $1.3B | $1.1B | $1.7B | $1.4B | $2.3B |
| Income tax | -$817M | $543M | -$1.0B | -$170M | -$122M | $191M | -$39M | -$691M | $381M | $498M |
| Net income | -$584M | $412M | $849M | $1.2B | $1.4B | $1.1B | $1.1B | $2.4B | $1.1B | $1.8B |
| EPS (diluted) | -$1.63 | $1.14 | $2.31 | $3.15 | $3.45 | $2.77 | $2.68 | $5.55 | $2.45 | $3.91 |
| Diluted shares | 358M | 361M | 367M | 394M | 402M | 404M | 411M | 425M | 432M | 450M |
| Operating margin | -7.5% | 12.3% | 4.3% | 12.8% | 17.5% | 15.7% | 14.9% | 21.6% | 22.3% | 24.7% |
| Net margin | -5.4% | 3.7% | 7.7% | 11.4% | 13.7% | 9.5% | 8.0% | 19.4% | 8.9% | 13.6% |
Balance sheet
Fiscal years, from Entergy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $130M | $57M | $57M | $34M | $129M | $443M | $224M | $133M | $860M | $1.9B |
| Receivables | $1.2B | $1.2B | $1.1B | $1.2B | $1.3B | $1.4B | $1.5B | $1.4B | — | — |
| Total current assets | $3.7B | $3.3B | $3.0B | $3.0B | $4.6B | $3.6B | $4.1B | $3.7B | $4.4B | $5.8B |
| Property, plant and equipment | $234M | $261M | $304M | $333M | $343M | $358M | $366M | $419M | $424M | $482M |
| Goodwill | $377M | $377M | $377M | $377M | $377M | $377M | $377M | $374M | $368M | $368M |
| Total assets | $45.9B | $46.7B | $48.3B | $51.7B | $58.2B | $59.5B | $58.6B | $59.7B | $64.8B | $71.9B |
| Total current liabilities | $3.2B | $5.0B | $5.4B | $5.6B | $7.1B | $6.2B | $6.4B | $6.4B | $6.1B | $7.8B |
| Long-term debt | $14.5B | $14.3B | $15.5B | $17.1B | $21.2B | $24.8B | $23.6B | $23.0B | $26.6B | $27.9B |
| Total liabilities | $37.8B | $38.7B | $39.4B | $41.5B | $47.3B | $47.7B | $45.5B | $45.0B | $49.6B | $54.9B |
| Shareholders' equity | $8.1B | $8.0B | $8.8B | $10.2B | $10.9B | $11.6B | $13.0B | $14.6B | $15.1B | $16.9B |
| Net debt | $14.7B | $15.0B | $16.1B | $17.8B | $22.2B | $25.4B | $25.7B | $25.0B | $27.1B | $28.3B |
Cash flow
Fiscal years, from Entergy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.0B | $2.6B | $2.4B | $2.8B | $2.7B | $2.3B | $2.6B | $4.3B | $4.5B | $5.2B |
| Capital spending | $2.8B | $3.6B | $3.9B | $4.2B | $247M | $168M | $5.1B | $4.4B | $4.8B | $7.7B |
| Free cash flow | $218M | -$984M | -$1.6B | -$1.4B | $2.4B | $2.1B | -$2.5B | -$146M | -$350M | -$2.5B |
| Dividends paid | $612M | $629M | $648M | $712M | $748M | $775M | $842M | $918M | $982M | $1.1B |
| Share buybacks (net) | $0 | $0 | — | — | — | — | — | — | — | — |
| Net borrowing | $1.4B | $1.4B | $1.4B | $1.7B | $4.1B | $3.1B | -$350M | -$552M | $2.6B | $2.0B |
| Free cash flow margin | 2.0% | -8.9% | -14.1% | -12.7% | 24.2% | 18.2% | -18.0% | -1.2% | -2.9% | -19.6% |
| Dividends per share | $1.71 | $1.74 | $1.77 | $1.81 | $1.86 | $1.92 | $2.05 | $2.16 | $2.27 | $2.39 |
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Open ETR in InvestinglyQuestions
What was Entergy's revenue in 2025?
$12.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Entergy generate?
-$2.5B in fiscal 2025 (operating cash flow minus capital spending).
From Entergy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.