Entergy CorporationETR
NYSE•Utilities•Utilities - Regulated Electric
Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans. It also engages in the ownership of interests in non-nuclear power plants that sell electric power to wholesale customers, as well as provides decommissioning services to other nuclear power plant owners. It generates electricity through gas, nuclear, coal, hydro, and solar power sources. The company sells energy to retail power providers, utilities, electric power co-operatives, power trading organizations, and other power generation companies. The company's power plants have approximately 25,000 megawatts of electric generating capacity. It delivers electricity to 3.1 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy Corporation was founded in 1913 and is headquartered in New Orleans, Louisiana.
Entergy Corporation (ETR) reported trailing twelve months revenue of $13.29B as of March 2026, a 11.4% increase year-over-year. Quarterly revenue reached $3.19B, reflecting continued top-line momentum.
Entergy Corporation generated $1.80B in TTM net income, with quarterly EBITDA of $1.17B. The operating margin contracted from 24.6% to 18.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (18.0%) and net margin (12.3%) indicates moderate non-operating costs. Net margin has narrowed from 12.7% a year ago, reflecting increased costs or interest expense.
ETR trades at a P/E of 28.1x (in line with broad market averages) and a P/S of 3.8x. The price-to-book ratio of 2.9x reflects a moderate premium to book value.
The company reported negative free cash flow of $-1.42B, indicating cash consumption over the period. The balance sheet shows $75.80B in total assets with $31.15B in long-term debt against $17.35B in stockholders equity for a debt-to-equity ratio of 1.8. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~24.3% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~10.3% on average, adequate but below the threshold typically associated with wide moats.
Only 2 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
TTM revenue has grown consistently (6 of 7 quarters up), with ~10.1% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 11.9% — watch for continued compression, which may signal competitive or cost pressure.
Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.
D/E ratio is 1.8 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
The last 4 consecutive quarters had negative FCF — the company is burning cash and may need external funding.
Shares outstanding increased 6.7% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation