Sound shipEntergy $ETR
Grew revenue 9.0% in FY2025 to $12.9 billion, operating margin 24.7% against a 20.3% median for electric services, equity 23.5% of assets, and dividend per share up 3 years running.
Last filing10-Q, 2 Nov 2026
Edgarette’s full reading · exposure, experience, soundness, credibility, range
🫧 Edgar looked up ENTERGY CORP /DE/ ($ETR). Last filing: 10-Q, 2026-11-02. 15 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $12.9B (FY2025), total debt $30.3B. Experience: revenue up 9.0% on the year, up 2.5% a year over 4 years; operating margin 24.7%, up from 22.3%. Soundness: equity 23.5% of assets, return on equity 10.5%, payout 60.6% of profit, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $11.3B and $14.8B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $10.0B to $16.5B. A statistical range, not company guidance. Against peers (40 filers, $50M+ revenue, electric services): operating margin 24.7% against a 20.3% median; growth 9.0% against 9.4%.
Read from its own SEC filings · nothing written, nothing inferred
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $5.2B · −$7.1B · $3.0B · −$2.5B |
| Investment book (cash · short · long) | $1.9B · $31M · $1.3B · current ratio 0.74 |
| Revenue swing · equity of assets | 12.4% · 23.5% |
Entergy is growing slower than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $12.9B |
| Revenue, on the year | 9.0% |
| Revenue, a year over the record | 2.5% |
| Operating margin | 24.7% |
| Operating margin, prior year | 22.3% |
| Net margin | 13.7% |
| Research and development | not filed separately |
| Total debt | $30.3B |
| Equity of assets | 23.5% |
| Return on equity | 10.5% |
| Payout of profit | 60.6% |
| Dividend per share | $2.44 · up 3 years running |
| Earnings per share | $3.98 |
| Book value per share | $37.59 |
| Revenue per share | $28.76 |
| Shares outstanding | 450,151,884 |
| Audited years read | 5 |
Peers: the median of 40 filers with $50M+ revenue in electric services.
Classic signals · fiscal 2025Altman Z″ not covered: a regulated utility runs negative working capital by design, which the model reads as distressPiotroski F 6 of 9 solid 2000Beneish M not enough filed detail (needs receivables, cost of revenue, PP&E, depreciation, SG&A for two years)Sloan accruals -4.9% earnings backed by cash 1996DuPont ROE 11.1% = margin 13.7% × turns 0.19 × leverage 4.27
What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →
Health HarborEntergy sails as: Sound ship
Health watch · 12 monthsDirector or officer change ×3
Sailing speed follows growth: -2.0% a year crosses the harbor in 86 seconds.
🌊 Visit the Bay →- slow and jumpy: growing slower than its size class, with revenue that swings more
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an operating loss; negative free cash flow outside regulated utilities; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
Brand success factors · calendar 2025
The Trillion Score: 448
Exponential Success Score
Built on over $200 trillion of sworn revenue, 13 years of data, 770,002 figures. Sealed by Edgarette.
How The Trillion Score works. We read eight measures of success from Entergy's own SEC filings and test each one against the public companies in its field, here electric utilities. The longer and fuller the record, the more weight those results carry. A model built on past filings then turns them into the odds of thriving, which means outgrowing the field for three years without a severe decline. A score of 500 is about average, and every 100 points doubles the odds. Every company is ranked on this same scale.
What it says here. At 448, Entergy's odds of thriving come to 28%, against about 37% for the typical filer. It meets 1 of 5 success points.
What the score means
The higher the score, the more often companies went on to thrive. At this level, about 31 of every 100 did.
Share of companies that beat their field for three years with no severe decline, tested on 2019 to 2022 filings.
Fall Risk: Medium
Separate from the score, this asks what could go wrong: the odds of sales falling 30% or the filings stopping within three years. In the tests, about 22 of every 100 companies in the Medium band did. That is the group's history, not a forecast for this company.
| Money | It burned about 20 cents of free cash on each sales dollar after paying for its plants and equipment. Its cash would cover that burn for about 0.8 years. Debt after cash comes to about 201 cents for each dollar of yearly sales. | high |
| Swings | In its worst fifth of years, sales fell about 13% a year. | -12.5% a year |
| Filed events | No such 8-K events in the last two years. | 0 |
The eight success points
| Point | What it means | Place in field | |
|---|---|---|---|
| Speed | Sales grew slower than much of its field. | 20 of 100 | Not yet |
| Steadiness | Growth swung a lot for what it delivered. | 16 of 100 | Not yet |
| Price premium | It keeps more of each sales dollar than most of its field. | 72 of 100 | Met |
| Margin stays above the field | Its margin has not held above the field for long. | 48 of 100 | Not yet |
| Moat half-life | Not filed. | ||
| Brand spend yield | Not filed. | ||
| Learning curve | Not filed. | ||
| Climb in the field | It has not been moving up the size ranks in its field. | 3 of 100 | Not yet |
The actuarial view
| Credibility | With 8 years of filings, the record earns 44% of the weight. The rest stays at the middle of the field. | 0.44 |
| Severe decline, class D | About 34 of every 100 companies with this many points fell 30% or stopped reporting within three years. | 34.3% |
| Actual vs expected | Sales are 16% lower than if it had simply kept pace with its field. | 0.84 |
Top of its field: #1 Itc · #2 CenterPoint Energy · #3 Clearway Energy · #4 Eversource Energy · #5 Pinnacle West Capital
Ranked by The Trillion Score. See the method and score your own brand. Tested on 2019 to 2022 filings. Odds, class and Fall Risk figures are the experience of similar filers, not a forecast for this company. A statistical description of past filings, not a rating or advice.
- 10-Q · 2026-11-02
- 8-K · 2026-11-02 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-09-02 · 8.01 Other Events
- 8-K · 2026-08-07 · 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-07-31
- 8-K · 2026-07-29 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company