diff --git a/CODEOWNERS b/CODEOWNERS
index 4ac394345c..d3151c3f02 100644
--- a/CODEOWNERS
+++ b/CODEOWNERS
@@ -76,6 +76,7 @@ esphome/components/esp32_camera_web_server/* @ayufan
 esphome/components/esp32_can/* @Sympatron
 esphome/components/esp32_improv/* @jesserockz
 esphome/components/esp8266/* @esphome/core
+esphome/components/ethernet_info/* @gtjadsonsantos
 esphome/components/exposure_notifications/* @OttoWinter
 esphome/components/ezo/* @ssieb
 esphome/components/factory_reset/* @anatoly-savchenkov
diff --git a/esphome/components/ethernet_info/__init__.py b/esphome/components/ethernet_info/__init__.py
new file mode 100644
index 0000000000..312688d3fd
--- /dev/null
+++ b/esphome/components/ethernet_info/__init__.py
@@ -0,0 +1 @@
+CODEOWNERS = ["@gtjadsonsantos"]
diff --git a/esphome/components/ethernet_info/ethernet_info_text_sensor.cpp b/esphome/components/ethernet_info/ethernet_info_text_sensor.cpp
new file mode 100644
index 0000000000..e69872c290
--- /dev/null
+++ b/esphome/components/ethernet_info/ethernet_info_text_sensor.cpp
@@ -0,0 +1,16 @@
+#include "ethernet_info_text_sensor.h"
+#include "esphome/core/log.h"
+
+#ifdef USE_ESP32_FRAMEWORK_ARDUINO
+
+namespace esphome {
+namespace ethernet_info {
+
+static const char *const TAG = "ethernet_info";
+
+void IPAddressEthernetInfo::dump_config() { LOG_TEXT_SENSOR("", "EthernetInfo IPAddress", this); }
+
+}  // namespace ethernet_info
+}  // namespace esphome
+
+#endif  // USE_ESP32_FRAMEWORK_ARDUINO
diff --git a/esphome/components/ethernet_info/ethernet_info_text_sensor.h b/esphome/components/ethernet_info/ethernet_info_text_sensor.h
new file mode 100644
index 0000000000..c683b68080
--- /dev/null
+++ b/esphome/components/ethernet_info/ethernet_info_text_sensor.h
@@ -0,0 +1,35 @@
+#pragma once
+
+#include "esphome/core/component.h"
+#include "esphome/components/text_sensor/text_sensor.h"
+#include "esphome/components/ethernet/ethernet_component.h"
+
+#ifdef USE_ESP32_FRAMEWORK_ARDUINO
+
+namespace esphome {
+namespace ethernet_info {
+
+class IPAddressEthernetInfo : public PollingComponent, public text_sensor::TextSensor {
+ public:
+  void update() override {
+    tcpip_adapter_ip_info_t tcpip;
+    tcpip_adapter_get_ip_info(TCPIP_ADAPTER_IF_ETH, &tcpip);
+    auto ip = tcpip.ip.addr;
+    if (ip != this->last_ip_) {
+      this->last_ip_ = ip;
+      this->publish_state(network::IPAddress(ip).str());
+    }
+  }
+
+  float get_setup_priority() const override { return setup_priority::ETHERNET; }
+  std::string unique_id() override { return get_mac_address() + "-ethernetinfo"; }
+  void dump_config() override;
+
+ protected:
+  network::IPAddress last_ip_;
+};
+
+}  // namespace ethernet_info
+}  // namespace esphome
+
+#endif  // USE_ESP32_FRAMEWORK_ARDUINO
diff --git a/esphome/components/ethernet_info/text_sensor.py b/esphome/components/ethernet_info/text_sensor.py
new file mode 100644
index 0000000000..7cb9944c92
--- /dev/null
+++ b/esphome/components/ethernet_info/text_sensor.py
@@ -0,0 +1,34 @@
+import esphome.codegen as cg
+import esphome.config_validation as cv
+from esphome.components import text_sensor
+from esphome.const import (
+    CONF_IP_ADDRESS,
+    ENTITY_CATEGORY_DIAGNOSTIC,
+)
+
+DEPENDENCIES = ["ethernet"]
+
+ethernet_info_ns = cg.esphome_ns.namespace("ethernet_info")
+
+IPAddressEsthernetInfo = ethernet_info_ns.class_(
+    "IPAddressEthernetInfo", text_sensor.TextSensor, cg.PollingComponent
+)
+
+CONFIG_SCHEMA = cv.Schema(
+    {
+        cv.Optional(CONF_IP_ADDRESS): text_sensor.text_sensor_schema(
+            IPAddressEsthernetInfo, entity_category=ENTITY_CATEGORY_DIAGNOSTIC
+        ).extend(cv.polling_component_schema("1s"))
+    }
+)
+
+
+async def setup_conf(config, key):
+    if key in config:
+        conf = config[key]
+        var = await text_sensor.new_text_sensor(conf)
+        await cg.register_component(var, conf)
+
+
+async def to_code(config):
+    await setup_conf(config, CONF_IP_ADDRESS)
diff --git a/esphome/core/component.cpp b/esphome/core/component.cpp
index 5cb063cbec..7505e1f39b 100644
--- a/esphome/core/component.cpp
+++ b/esphome/core/component.cpp
@@ -20,6 +20,7 @@ const float PROCESSOR = 400.0;
 const float BLUETOOTH = 350.0f;
 const float AFTER_BLUETOOTH = 300.0f;
 const float WIFI = 250.0f;
+const float ETHERNET = 250.0f;
 const float BEFORE_CONNECTION = 220.0f;
 const float AFTER_WIFI = 200.0f;
 const float AFTER_CONNECTION = 100.0f;
diff --git a/esphome/core/component.h b/esphome/core/component.h
index cb97a93d21..1d8499e262 100644
--- a/esphome/core/component.h
+++ b/esphome/core/component.h
@@ -29,6 +29,7 @@ extern const float PROCESSOR;
 extern const float BLUETOOTH;
 extern const float AFTER_BLUETOOTH;
 extern const float WIFI;
+extern const float ETHERNET;
 /// For components that should be initialized after WiFi and before API is connected.
 extern const float BEFORE_CONNECTION;
 /// For components that should be initialized after WiFi is connected.
diff --git a/tests/test4.yaml b/tests/test4.yaml
index cf517bb391..a8077c625f 100644
--- a/tests/test4.yaml
+++ b/tests/test4.yaml
@@ -532,6 +532,9 @@ text_sensor:
   - platform: copy
     source_id: inverter0_device_mode
     name: Inverter Text Sensor Copy
+  - platform: ethernet_info
+    ip_address:
+      name: IP Address
 
 output:
   - platform: pipsolar