Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Entergy Corporation
Physical assets are 76.1% of total assets, a heavy footprint. Capex is 3.13x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. EBITDA after capex covers debt service by -0.41x, which is below 1.
Utilities often turn net PP&E at about 0.3x to 1.0x. This name is at 0.24x.
Physical asset ratio
76.1%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
0.24x
Revenue per dollar of the physical asset base.
Capex / D&A
3.13x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$37.55
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
2.77x
Price $103.95.
Fixed-charge coverage
-0.41x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-5.6%
Latest free cash flow divided by current market cap ($49.67B).
ROIC
5.2%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.06x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 68.7% | 0.34x | 2.09x | $23.68 | -0.51x | -$1.89B | — | 0.01x |
| 2019 | 70.5% | 0.31x | 2.12x | $25.64 | -0.18x | -$1.81B | 4.6% | 0.04x |
| 2020 | 69.3% | 0.26x | 2.28x | $26.86 | -0.23x | -$2.47B | 5.3% | 0.05x |
| 2021 | 73.7% | 0.28x | 2.86x | $28.60 | -0.66x | -$4.12B | 4.1% | 0.04x |
| 2022 | 75.4% | 0.32x | 2.41x | $31.40 | -0.26x | -$2.70B | 5.1% | 0.05x |
| 2023 | 76.8% | 0.27x | 2.10x | $34.35 | 0.05x | -$417.30M | 6.3% | 0.06x |
| 2024 | 76.6% | 0.25x | 2.44x | $34.84 | -0.27x | -$1.48B | 4.5% | 0.06x |
| 2025 | 76.1% | 0.24x | 3.13x | $37.55 | -0.41x | -$2.79B | 5.2% | 0.06x |
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $52.85B
Inventory: $1.84B
Total assets: $71.89B
Goodwill: $367.58M
Intangibles: $0.00
Liabilities: $54.62B
Tangible book: $16.90B
Shares: 450,151,884
Revenue: $12.95B
Capex: $7.94B
D&A: $2.54B
EBITDA: $6.15B
Interest: $1.34B
Short-term debt: $3.03B
Free cash flow: -$2.79B
Operating income: $3.05B
Invested capital: $46.15B
Tax rate: 21.9%