Entergy
ETR on NYSE. Entergy sells electricity and natural gas to homes and businesses. Market value $46.2bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Utilities stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-6.29 of spare cash in the past 12 months. A savings account pays about $4.
You pay 25.3 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 5 cents a year. Above 10 is good.
Quality score: 58 of 100. Price score: 29 of 100. Our list needs 70 on quality and 60 on price.
$103.25 a share, 14% above its 1-year low
Over the past year the price has ranged from $90.87 to $118.45.
Dividend: 2.3% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $11.7bn | $13.8bn | $12.1bn | $11.9bn | $12.9bn |
| Operating margin | |||||
| Operating margin | 15.7% | 14.9% | 21.6% | 22.3% | 24.7% |
| Debt to equity | |||||
| Debt to equity | 2.33 | 2.06 | 1.80 | 1.92 | 1.83 |
| Shares outstanding | |||||
| Shares outstanding | 0.20bn | 0.21bn | 0.21bn | 0.45bn | 0.46bn |
Health checks
- Free cash flow positive0 of 4 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 7 checks we could run
- Profit backed by cash (accruals)Yes
- Debt1.83× equity
- Revenue growth, five yearsSlow, 5.1% a year
- Buying back its own sharesNo, 125% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $3.5 billion last quarter, up 6% on a year ago.
- Profit: $483 million, up 3% on a year ago.
- It keeps 23 cents of each $1 of sales as operating profit, down from 27 cents a year earlier.
- Over the past 12 months it spent $3 billion more cash than it brought in, compared with $1.6 billion a year earlier.
- 5% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $30.8 billion more than cash, up from $29.2 billion a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $3.4bn |
| December 2024 | $2.7bn |
| March 2025 | $2.8bn |
| June 2025 | $3.3bn |
| September 2025 | $3.8bn |
| December 2025 | $3.0bn |
| March 2026 | $3.2bn |
| June 2026 | $3.5bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $645m |
| December 2024 | $286m |
| March 2025 | $361m |
| June 2025 | $468m |
| September 2025 | $694m |
| December 2025 | $236m |
| March 2026 | $385m |
| June 2026 | $483m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 29 October 2026
- Last annual report (10-K)
- 19 February 2026
- Next quarterly (estimated, 10-Q)
- 30 October 2026
Who owns it
5 long-term investors we follow own it, unchanged from 5 last quarter. 1,330 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Boston PartnersBoston Partners team | $721m | 0.6% | Added |
| Barrow HanleyBarrow Hanley team | $633m | 1.9% | Cut |
| Brandes Investment PartnersCharles Brandes | $40m | 0.3% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $18m | <0.1% | Added |
| Aristotle Capital ManagementHoward Gleicher | $345,843 | <0.1% | Added |
Largest holders overall
- BlackRock$4.9bnAdded
- Vanguard Capital Management$3.5bnAdded
- Vanguard Portfolio Management$3.1bnAdded
- State Street$2.9bnAdded
- JPMorgan Chase$2.9bnCut
- Bank of America$2.0bn
- Ameriprise Financial$1.6bnAdded
- FMR$1.5bnCut
- Geode Capital Management$1.4bnAdded
- Morgan Stanley$1.1bnAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- BlackRock, Inc.Passive investor8.1%Since 31 March 2025
- Vanguard Capital ManagementPassive investor7.5%Since 31 March 2026
- Vanguard Portfolio ManagementPassive investor5.6%Since 31 March 2026
- STATE STREET CORPORATIONPassive investor5.3%+0.4 ptsSince 30 June 2025
- JPMORGAN CHASE & CO.Passive investor5.0%Since 31 December 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 8.1% | 31 March 2025 | |
Vanguard Capital Management Passive investor | 7.5% | 31 March 2026 | |
Vanguard Portfolio Management Passive investor | 5.6% | 31 March 2026 | |
STATE STREET CORPORATION Passive investor | 5.3%+0.4 pts | 30 June 2025 | |
JPMORGAN CHASE & CO. Passive investor | 5.0% | 31 December 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $202,765 of shares on the open market. 6 sold $8m, $575,000 of it under preset trading plans.
- Ropp Ralph LewisDirectorBought
- Date
- 6 August 2026
- Shares
- 1,000
- Price
- $106.08
- Value
- $106,075
- CHAPMAN JASONSVP Chief Tech & Bus Servs OffSold
- Date
- 30 July 2026
- Shares
- 9,447
- Price
- $109.06
- Value
- $1m
- COOK-NELSON KIMBERLYEVP & Chief Operating OfficerSoldunder a preset trading plan
- Date
- 25 June 2026
- Shares
- 5,000
- Price
- $115.00
- Value
- $575,000
- HUDSON JOHN O IIIChief External Affairs OfficerSold
- Date
- 23 February 2026
- Shares
- 10,000
- Price
- $104.79
- Value
- $1m
- DINELLI JOHN CEVP and Chief Nuclear OfficerSold
- Date
- 20 February 2026
- Shares
- 5,372
- Price
- $103.95
- Value
- $558,419
- CHAPMAN JASONSVP Chief Tech & Bus Servs OffSold
- Date
- 13 February 2026
- Shares
- 17,238
- Price
- $104.02
- Value
- $2m
- Brown Marcus VExecutive Legal Advisor to CEOSold
- Date
- 13 February 2026
- Shares
- 21,428
- Price
- $105.12
- Value
- $2m
- Ropp Ralph LewisDirectorBought
- Date
- 12 November 2025
- Shares
- 1,000
- Price
- $96.69
- Value
- $96,690
- CHAPMAN JASONSVP Chief Tech & Bus Servs OffSold
- Date
- 3 November 2025
- Shares
- 5,000
- Price
- $96.61
- Value
- $483,050
- Ellis Brian WDirectorSold
- Date
- 31 October 2025
- Shares
- 43
- Price
- $96.12
- Value
- $4,133
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 6 August 2026 | Ropp Ralph Lewis Director | Bought | 1,000 | $106.08 | $106,075 |
| 30 July 2026 | CHAPMAN JASON SVP Chief Tech & Bus Servs Off | Sold | 9,447 | $109.06 | $1m |
| 25 June 2026 | COOK-NELSON KIMBERLY EVP & Chief Operating Officer | Sold under a preset trading plan | 5,000 | $115.00 | $575,000 |
| 23 February 2026 | HUDSON JOHN O III Chief External Affairs Officer | Sold | 10,000 | $104.79 | $1m |
| 20 February 2026 | DINELLI JOHN C EVP and Chief Nuclear Officer | Sold | 5,372 | $103.95 | $558,419 |
| 13 February 2026 | CHAPMAN JASON SVP Chief Tech & Bus Servs Off | Sold | 17,238 | $104.02 | $2m |
| 13 February 2026 | Brown Marcus V Executive Legal Advisor to CEO | Sold | 21,428 | $105.12 | $2m |
| 12 November 2025 | Ropp Ralph Lewis Director | Bought | 1,000 | $96.69 | $96,690 |
| 3 November 2025 | CHAPMAN JASON SVP Chief Tech & Bus Servs Off | Sold | 5,000 | $96.61 | $483,050 |
| 31 October 2025 | Ellis Brian W Director | Sold | 43 | $96.12 | $4,133 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 19 Feb 2026, plus the 10-Q filed 31 Jul 2026 and 10 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- It isn't cheap on profits: 25.3× operating profit.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.