---
title: "Entergy: Business Model & Revenue Engine"
description: "Entergy revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/entergy/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Entergy: Business Model & Revenue Engine

## Direct Answer

Entergy reports revenue across 2 business segments in its fiscal 2025 Form 10-K. Utility is the largest, with $12.9 billion of revenue (100% of the total), followed by Corporate and Other at $59 million (0%).

## How Does Entergy Make Money?

Utility supplies 100% of revenue, so Entergy's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Utility grew fastest (+9.2%) and Corporate and Other slowest (-20.4%), so the revenue mix tilts toward Utility while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Utility | $12.9 billion | $11.8 billion | 99.5% | 9.2% |
| Corporate and Other | $59 million | $74 million | 0.5% | -20.4% |

![Bar chart of Entergy revenue by segment for fiscal 2025: Utility 99.5%, Corporate and Other 0.5%.](https://www.getswoopr.com/images/charts/entergy-business-model-segment-mix.webp)
*Entergy revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What Does Entergy Sell?

Entergy also breaks revenue down by product and service line, which shows what customers pay for rather than how management organizes the business.

| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Electricity Us Regulated | $12.8 billion | $11.6 billion | 98.7% | 9.9% |
| Natural Gas Us Regulated | $113 million | $178 million | 0.9% | -36.8% |
| Product and Service Other | $59 million | $74 million | 0.5% | -20.4% |

## What the Segment Figures Do Not Show

The rows above add up to 100% of Entergy's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Entergy reported in the segment note and revenue disclosures of its Form 10-K filed February 19, 2026 (accession 0000065984-26-000174), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Entergy's business segments?

In its fiscal 2025 Form 10-K, Entergy reports revenue for Utility and Corporate and Other.

### Which part of Entergy brings in the most revenue?

Utility, with $12.9 billion of revenue in fiscal 2025, or 100% of the total.

### Where does Entergy report its segment results?

In the segment note to the financial statements in its Form 10-K, most recently filed February 19, 2026, alongside management's discussion of each segment's results.

## References

- [SEC EDGAR: ENTERGY CORP /DE/ Form 10-K filed February 19, 2026](https://www.sec.gov/Archives/edgar/data/65984/000006598426000174/etr-20251231.htm)
- [SEC EDGAR: ENTERGY CORP /DE/ annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=65984&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Entergy company dossier](https://www.getswoopr.com/stocks/companies/entergy/)
- [Entergy financial metrics](https://www.getswoopr.com/stocks/companies/entergy/metrics/)
- [Entergy financial risk indicators](https://www.getswoopr.com/stocks/companies/entergy/risks/)
- [Entergy peer comparison](https://www.getswoopr.com/stocks/companies/entergy/competitors/)
- [Entergy business model and revenue mix](https://www.getswoopr.com/stocks/companies/entergy/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).