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Firstenergy Corp. (FE)

FirstEnergy and its subsidiaries are principally involved in the transmission, distribution and generation of electricity. The filing says its electric operating companies comprise one of the nation's largest investor-owned electric systems, serving over six million customers in the Midwest and Mid-Atlantic regions. Their combined service areas encompass approximately 65,000 square miles in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York, in an area with a population of approximately 14 million. Transmission operations include more than 24,000 miles of transmission lines and two regional transmission operation centres. FirstEnergy had 11,186 employees at the end of 2025, 4,887 of them in bargaining units.

Firstenergy Corp.

FirstEnergy and its subsidiaries are principally involved in the transmission, distribution and generation of electricity. The filing says its electric operating companies comprise one of the nation's largest investor-owned electric systems, serving over six million customers in the Midwest and Mid-Atlantic regions. Their combined service areas encompass approximately 65,000 square miles in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York, in an area with a population of approximately 14 million. Transmission operations include more than 24,000 miles of transmission lines and two regional transmission operation centres. FirstEnergy had 11,186 employees at the end of 2025, 4,887 of them in bargaining units.

The three segments

The Distribution segment is the Ohio companies and FE PA, and distributes electricity to approximately 4.3 million customers in Ohio and Pennsylvania while purchasing power for its default service or standard service offer requirements. The Integrated segment is the distribution and transmission operations of JCP&L, MP and PE, together with MP's regulated generation: it distributes to approximately 2 million customers in New Jersey, West Virginia and Maryland, provides transmission infrastructure in those three states and in Virginia, and operates 3,610 MW of regulated generation capacity. The Stand-Alone Transmission segment is FirstEnergy's ownership in FET and in KATCo.

The operating utilities

In Ohio, OE provides distribution services to approximately 1.1 million customers in the centre and northeast of the state, CEI to approximately 0.8 million in the northeast, and TE to approximately 0.3 million in the northwest. FE PA serves approximately 2.1 million customers in Pennsylvania and approximately 4,000 in Waverly, New York; it became a single operating entity on 1 January 2024, when FirstEnergy consolidated the separate Pennsylvania companies into it and it took on their assets and liabilities. JCP&L serves approximately 1.2 million customers in New Jersey and also provides transmission services in the north, west and east centre of the state. PE serves approximately 0.4 million distribution customers in Maryland and West Virginia and provides transmission services in Maryland, West Virginia and Virginia. MP serves approximately 0.4 million customers in West Virginia and is contractually obligated to provide power to PE to meet its load obligations there.

Generation sits with MP, which owns or contractually controls 3,610 MW of capacity supplied to its electric utility business, including 30 MW of solar and 487 MW of pumped-storage hydroelectric capacity from a 16.25 percent undivided interest in the Bath County facility in Virginia, held through its wholly owned subsidiary AGC.

The transmission side, and who owns it

FET is a holding company and the parent of ATSI, MAIT and TrAIL. FirstEnergy holds 50.1 percent of its membership interests and Brookfield the remaining 49.9 percent. It owns and operates high-voltage transmission facilities in the PJM region, and neither it nor its subsidiaries has any direct employees, relying instead on employees of affiliates for the performance of necessary services.

ATSI owns 7,965 circuit miles of transmission lines in Ohio and Pennsylvania at nominal voltages of 345 kV, 138 kV and 69 kV. MAIT owns 4,281 circuit miles in Pennsylvania at nominal voltages of 500 kV, 345 kV, 230 kV, 138 kV, 115 kV, 69 kV and 46 kV. TrAIL owns 269 circuit miles, including a 500 kV line extending approximately 150 miles from southwestern Pennsylvania through West Virginia to a point of interconnection in northern Virginia. KATCo owns 1,694 circuit miles in Pennsylvania, transferred to it from WP on 1 January 2024.

In February 2025 FET, DominionHV and Transource signed an operating agreement establishing the framework for Valley Link to accept, design, develop, construct, own, operate and finance transmission projects awarded to it by PJM, and PJM awarded Valley Link two electric transmission projects on 26 February 2025. In February 2026 FET and Transource signed a comparable agreement for Grid Growth, which PJM had awarded a project on 12 February 2026.

How the power is procured

Certain of the electric companies have default service obligations to provide power to non-shopping customers who have elected to continue receiving service under regulated retail tariffs. Those plans vary by state and service territory, and the volume of sales can vary depending on the level of shopping that occurs. JCP&L's default supply is secured through a statewide competitive procurement process approved by the New Jersey regulator, and default service for the Ohio companies, FE PA and PE's Maryland jurisdiction is provided through competitive procurement processes approved by their own regulators. West Virginia electric generation continues to be regulated by the West Virginia utility regulator.

Maximum hourly demand in 2025, in MW, was 10,505 at FE PA, 6,076 at JCP&L, 5,744 at OE, 4,031 at CEI, 3,692 at PE, 2,187 at MP and 2,004 at TE. All of the facilities are located within the PJM region and operate under the reliability oversight of a regional entity the filing calls RFC, which itself operates under the oversight of NERC in accordance with a delegation agreement approved by the federal energy regulator.

The service company

FESC has 4,618 employees and provides corporate support and other services at cost to affiliated FirstEnergy companies, including executive administration, accounting and finance, risk management, human resources, corporate affairs, communications, information technology and legal services.

From FirstEnergy's annual report on Form 10-K for the year ended 31 December 2025. The subsidiaries are named here by the short forms the filing itself uses, because it defines them in a glossary that sits outside the sections this was written from. The filing

Compare with another name What $10,000 in Firstenergy became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 28 October 2026
Revenue
$4.6 billion
+9.9% on the year · +23.9% on the quarter
Q4 FY2024Q3 FY2026
Net income
$557 million
+26.3% on the year · +93.4% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.96
+26.3% on the year · +92.0% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2025ended 31 December 2025 · 10-K filed 18 February 2026
Revenue
$15.1 billion
+12.0% on the year
FY2018FY2025
Net income
$1.0 billion
+4.3% on the year
FY2018FY2025
Diluted EPS
$1.76
+3.5% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsFirstenergy (FE) reported revenue of $15.1 billion for fiscal 2025, the year ended 31 December 2025, up 12.0% on the year before. Net income was $1.0 billion and diluted earnings per share $1.76. Revenue was $13.5 billion in fiscal 2024, $12.9 billion in fiscal 2023, $12.5 billion in fiscal 2022 and $11.1 billion in fiscal 2021. Net income in the same years was $978 million, $1.1 billion, $406 million and $1.3 billion. Over the twelve months to 30 September 2026, Firstenergy reported revenue of $16.2 billion and net income of $1.2 billion. Revenue grew 6.9% a year, compounded, over the five years to fiscal 2025. Firstenergy declared $1.78 a share in dividends over the last four quarters and had 579 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Firstenergy was $26.9 billion, 22.3 times its earnings over the last twelve months.

Ratios

From the filings

ROE9.3%
ROCE5.6%
Operating margin14.9%
Net margin7.4%
FCF margin-13.3%
Interest cover1.8x
Debt to equity2.32x
Cash conversion2.66x
Share count, last 12 months0.2%
Sales CAGR, 3 years6.6%
Profit CAGR, 3 years35.9%
EPS, TTM$2.08

At the close of 6 November 2026

Price$46.44
Market cap$26.9 billion
Stock P/E22.3x
Price to book2.1x
EV / EBITDAn/a
Dividend yield3.8%
Market cap / sales1.7x
52-week high$51.91
52-week low$43.04
Price, 1 year1.2%
Price CAGR, 3 years8.8%
Price CAGR, 5 years3.5%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Firstenergy Corp.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
FEgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 * †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue2,6602,9892,8183,4753,1773,2313,0063,4873,1463,2873,2803,7293,1763,7653,3804,1483,7974,2023,6784,557
Operating income224559447505399551481666568612423727613754646830-24.0828677935
Operating margin8%19%16%15%13%17%16%19%18%19%13%19%19%20%19%20%-1%20%18%21%
Interest expense286275265248251263276289296305285276278288299312318326337345
Pre-tax income4793712414493784003284702664021635603795404066103.0604444684
Tax rate10%22%20%23%202%22%23%6%28%34%40%17%22%23%22%13%-133%23%21%10%
Net income427288187334-40329223540017525345.0419261360268441-49.0405288557
Net margin16%10%7%10%-13%9%8%11%6%8%1%11%8%10%8%11%-1%10%8%12%
Diluted EPS$0.77$0.50$0.33$0.58-$0.70$0.51$0.41$0.69$0.31$0.44$0.08$0.73$0.45$0.62$0.46$0.76-$0.08$0.70$0.50$0.96
Operating cash flow707355928554846-112-101642958-40.01,1127751,0446371,0828451,136148989921
Capital expenditure6775396476669686497698481,0907909421,0041,2941,0051,2181,3161,1661,2551,3451,587
Free cash flow30.0-184281-112-122-761-870-206-132-830170-229-250-368-136-471-30.0-1,107-356-666
Dividends paid213222223222224223224223236235245245245245257257257257269269
Shares outstanding570m571m571m572m572m573m573m574m574m576m576m576m577m577m577m578m578m578m579m579m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue12,80213,62712,96713,33916,10515,25314,89215,04915,02610,70010,92811,26111,03510,79011,13212,45912,87013,47215,09016,234
Operating income2,8182,7591,6831,7431,6772,1341,5821,0622,2922,0542,4282,5022,5102,1621,7261,9102,2662,3752,2062,416
Operating margin22.0%20.2%13.0%13.1%10.4%14.0%10.6%7.1%15.3%19.2%22.2%22.2%22.7%20.0%15.5%15.3%17.6%17.6%14.6%14.9%
Interest expensen/an/an/an/a1,0081,0011,0161,0811,1329731,0051,1161,0331,0651,1411,0391,1241,1441,2171,326
Pre-tax income2,1952,1161,0401,1801,4221,3005701718931,0781,4261,5121,1171,1291,5591,4391,4641,5041,5591,735
Income tax883777184462566545195-42.03155271,7154902131263201,000267377288295
Effective tax rate40.2%36.7%17.7%39.2%39.8%41.9%34.2%-24.6%35.3%48.9%120.3%32.4%19.1%11.2%20.5%69.5%18.2%25.1%18.5%17.0%
Net income1,3091,342872742885770392299578-6,177-1,7241,3489121,0791,2834061,1029781,0201,201
Net margin10.2%9.8%6.7%5.6%5.5%5.0%2.6%2.0%3.8%-57.7%-15.8%12.0%8.3%10.0%11.5%3.3%8.6%7.3%6.8%7.4%
Diluted EPS$4.22$4.38$2.85$2.42$2.21$1.84$0.94$0.71$1.37-$14.49-$3.88$1.99$1.68$1.99$2.35$0.71$1.92$1.70$1.76$2.08
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2010 to FY2025, 2 years left out

FY2010FY2011FY2012FY2013FY2014FY2015FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Distribution9,5619,9139,0478,7209,0549,58210,1039,4219,2279,6446,3536,7796,7837,46549.8%
Integrated Segmentn/an/an/an/an/an/an/an/an/an/a4,4424,2854,8245,62637.6%
Stand-Alone Transmissionn/an/an/an/an/an/an/an/an/an/a1,5811,7311,7681,88612.6%
CES5,8767,0205,7785,7285,4704,698n/an/an/an/an/an/an/an/an/a
Other Business Operations28-114-119-12100n/an/an/an/an/an/an/an/an/a
Regulated Transmission3986607357318171,0461,3351,5101,6131,608n/an/an/an/an/a
Reconciling Adjustments-2,524-1,374-188-166-292-300n/an/an/an/an/an/an/an/an/a
Sales between segments, taken outn/an/an/an/an/an/a-177n/an/an/an/an/an/an/an/a
DistributionIntegrated Segment FY2022 to FY2025Stand-Alone Transmission FY2022 to FY2025Regulated Transmission FY2010 to FY2021CES FY2010 to FY2015Other Business Operations FY2010
17.6FY201115.2FY201315.3FY201510.9FY201911.3FY202112.8FY202315.0FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Reconciling Adjustments and Sales between segments, taken out are the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart. Other Business Operations is below zero in FY2011, FY2012 and FY2013 as the 10-K filed it, so it has no share or block for those years.

Profit by segment FY2015 to FY2021, 4 years left out

The net income each segment reports. Costs Firstenergy does not charge to a segment are left out, so the segments can add up to more than the company's own net income.

FY2015FY2020FY2021Margin
FY2021
Distribution5889591,28813.4%
Regulated Transmission32846440825.4%
CES89n/an/an/a
Other Business Operations-427n/an/an/a
DistributionRegulated TransmissionCES FY2015Other Business Operations FY2015
578FY20151,423FY20201,696FY2021

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2021Share of salesShare of profit
Distribution86%76%
Regulated Transmission14%24%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a net income figure. A margin is a segment's net income over its own sales.

Revenue by product or service FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Distribution services and retail generationn/a8,6858,9378,7208,6889,0099,91610,40510,97612,18980.8%
Transmission1,1231,3071,3351,5101,6131,6081,8632,0492,1482,31115.3%
Othern/a9369898054895156804163485903.9%
Electric Distribution and Electric Generation8,685n/an/an/an/an/an/an/an/an/an/a
Product and Service, Other892n/an/an/an/an/an/an/an/an/an/a
Distribution services and retail generation FY2017 to FY2025TransmissionOther FY2017 to FY2025Electric Distribution and Electric Generation FY2016Product and Service, Other FY2016
10.9FY201711.0FY201911.1FY202112.9FY202315.1FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow1,6992,2242,4653,0763,0632,3202,6622,7133,4603,3833,8081,4102,4671,4232,8112,6831,3872,8913,7003,194
Capital expenditure1,6332,8882,2031,7802,1292,6782,6383,3122,7042,8352,5872,6752,6652,6572,4872,8483,3564,0304,7055,353
Free cash flow66.0-6642621,296934-35824.0-5997565481,221-1,265-198-1,234324-165-1,969-1,139-1,005-2,159
Free cash flow margin0.5%-4.9%2.0%9.7%5.8%-2.3%0.2%-4.0%5.0%5.1%11.2%-11.2%-1.8%-11.4%2.9%-1.3%-15.3%-8.5%-6.7%-13.3%
Cash from investing-313-2,983-2,185-1,948-956n/an/a-3,359-3,122-3,302-2,723-3,018-2,873-2,908-2,559-3,076-3,652-4,350-5,065-5,839
Cash from financing-1,3471,17549.0-983-2,924n/an/a513-292-34.0-7021,3946562,607-542-9122,2381,4341,3101,346
Depreciation and amortisationn/a1,4141,7761,4721,3911,0512,0221,5921,8261,9741,7001,3841,2171,1991,6641,317n/an/an/an/a
Share-based compensation-39.0-64.020.0-1.0-10.089.060.069.0n/an/an/a0.00.00.0n/an/an/an/an/an/a
Buybacks9690.00.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Dividends paid6166716706708819209206046076116397118148458498919069701,0161,052
Dividend per sharen/an/a$2.20$2.20$2.20$2.20$1.65$1.44$1.44$1.44$1.44$1.82$1.53$1.56$1.56$1.56$1.60$1.70$1.78n/a
Diluted shares, weighted310m307m306m305m401m419m419m421m424m426m444m494m542m543m546m572m574m577m578m580m
Shares outstanding at period endn/a305m305m305m418m418m419m421m424m442m445m512m541m543m570m572m574m577m578m579m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equityn/a8,2838,5598,98413,28013,08412,69212,42012,4216,2413,9256,8146,9757,2378,67510,16610,43712,45512,51012,975
Non-controlling interestn/a32.0-2.0-32.019.09.03.02.01.00.0n/an/an/an/a0.04774791,2651,4161,524
Short-term borrowingsn/a2,3971,081n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Debtn/a9,10012,00814,76517,33719,14720,65021,77921,97322,55219,54519,50420,99824,47723,85421,65424,91024,02326,55630,052
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a241263271247179192227n/a
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a45.031.023.017.011.09.07.0n/a
Other liabilitiesn/a13,70913,40811,81416,69018,16617,07917,35117,79214,35518,78713,74514,04212,45612,60913,54712,75114,10015,18815,277
Total liabilities and equityn/a33,52135,05435,53147,32650,40650,42451,55252,18743,14842,25740,06342,30144,46445,43246,10848,76752,04455,90459,828
Owned
Fixed assetsn/a17,72319,16420,51030,33733,03633,25235,78337,21429,38728,10129,91131,65033,29434,74436,28538,412n/an/an/a
Goodwill5,6075,5755,5755,5756,4416,4476,4186,4186,4185,6185,6185,6185,6185,6185,6185,6185,6185,6185,6185,618
Intangible assetsn/an/an/a25680370258849633112010593.080.073.0n/an/an/an/an/an/a
Investmentsn/a3,0173,0233,0023,5223,1943,1043,2222,7883,0263,2031,2991,451605655622663652641619
Cash and equivalents1295458741,01920217221885.01311995893676271,7341,46216013711157.048.0
Receivablesn/a1,3041,2441,3921,5251,6141,7201,5541,4151,4401,2821,2211,0911,2031,0331,3181,3181,5301,7261,805
Inventoryn/a605647638811861752817785564236252281317260421512549577605
Other assetsn/a4,7524,5273,1393,6854,3804,3723,1773,1052,7943,1231,3021,5031,6201,6601,6842,10743,58447,28551,133
Total assetsn/a33,52135,05435,53147,32650,40650,42451,55252,18743,14842,25740,06342,30144,46445,43246,10848,76752,04455,90459,828
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded0.0%6.9%6.6%12.2%
Profit growth, compounded5.8%-1.1%35.9%-9.7%
Return on equity, average-5.0%9.1%8.9%8.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Firstenergy's revenue in fiscal 2025?

Firstenergy (FE) reported revenue of $15.1 billion for fiscal 2025, the year ended 31 December 2025, up 12.0% on the year before.

How much did Firstenergy earn in fiscal 2025?

Net income was $1.0 billion for fiscal 2025, and diluted earnings per share $1.76.

What is Firstenergy's P/E ratio?

At the close of 6 November 2026, Firstenergy traded at 22.3 times its earnings over the twelve months to 30 September 2026.

What is Firstenergy's market cap?

The market cap of Firstenergy was $26.9 billion at the close of 6 November 2026.

Does Firstenergy pay a dividend?

Yes. Firstenergy declared $1.78 a share in dividends over the four quarters to 30 September 2026.

Peers: Utilities

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NextEra Energy Inc. NEE$182.3 billion15.6718.9%30.0%9.6%1.852.8%
Southern Co. SO$107.5 billion21.1311.1%24.7%7.9%1.653.2%
Constellation Energy Corp. CEG$88.7 billion24.3410.8%14.7%26.0%0.770.7%
American Electric Power Co. Inc. AEP$68.9 billion20.6710.2%23.4%11.1%1.603.0%
Dominion Energy, Inc. D$60.4 billion22.799.1%22.5%21.5%1.663.9%
Entergy Corp. ETR$52.8 billion25.4110.3%24.6%10.3%1.752.3%
Vistra Corp. VST$41.9 billion21.0440.5%18.5%3.8%3.570.7%
DTE Energy Co. DTE$28.2 billion20.5810.8%13.1%12.4%2.253.3%
Centerpoint Energy Inc. CNP$27.0 billion23.259.8%24.4%7.8%2.122.3%
PPL Corp. PPL$27.0 billion20.478.6%24.5%7.5%1.333.1%
Firstenergy Corp. FE$26.9 billion22.339.3%14.9%12.2%2.323.8%
Eversource Energy ES$26.3 billion18.438.7%21.5%4.6%1.764.5%
All 96 in Utilities
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NextEra Energy Inc. NEE$182.3 billion15.6718.9%30.0%9.6%1.852.8%
Southern Co. SO$107.5 billion21.1311.1%24.7%7.9%1.653.2%
Duke Energy Corp. DUK$99.7 billion18.719.7%28.5%6.8%1.683.3%
Constellation Energy Corp. CEG$88.7 billion24.3410.8%14.7%26.0%0.770.7%
National Grid plc NGG *$86.4 billion19.038.2%30.7%-3.8%1.192.5%
Williams Companies, Inc. WMB$80.1 billion25.2319.9%37.5%8.8%2.023.2%
Enterprise Products Partners L.P. EPD$79.8 billion12.26n/a12.7%21.5%n/an/a
American Electric Power Co. Inc. AEP$68.9 billion20.6710.2%23.4%11.1%1.603.0%
Kinder Morgan, Inc. KMI$66.7 billion18.4911.4%29.0%11.7%1.053.9%
TC Energy Corporation TRP *$64.5 billion26.4412.9%52.7%10.7%2.203.9%
Dominion Energy, Inc. D$60.4 billion22.799.1%22.5%21.5%1.663.9%
Cheniere Energy, Inc. LNG$56.8 billion19.4046.3%28.1%22.5%3.680.8%
Targa Resources Corp. TRGP$56.7 billion23.4164.1%22.5%4.7%5.201.7%
ONEOK Inc. OKE$53.7 billion13.2317.4%14.2%36.8%1.225.0%
Entergy Corp. ETR$52.8 billion25.4110.3%24.6%10.3%1.752.3%
Sempra SRE$51.1 billion16.759.2%n/a-0.9%1.123.3%
Xcel Energy Inc. XEL$50.6 billion18.5710.5%21.7%4.5%1.592.9%
Exelon Corp. EXC$47.2 billion17.708.8%19.8%6.7%1.773.6%
Consolidated Edison Inc. ED$44.0 billion18.988.7%18.7%9.0%1.05n/a
Vistra Corp. VST$41.9 billion21.0440.5%18.5%3.8%3.570.7%
WEC Energy Group, Inc. WEC$38.1 billion21.0412.1%23.5%8.1%1.523.2%
Public Service Enterprise Group Inc. PEG$36.2 billion20.5110.2%21.6%5.3%1.483.6%
Ameren Corp. AEE$31.2 billion19.6211.3%25.2%-0.3%1.552.6%
American Water Works Company, Inc. AWK$29.9 billion26.059.5%37.0%5.4%1.372.3%
Atmos Energy Corp. ATO$29.3 billion20.679.2%37.0%6.5%0.682.0%
Venture Global, Inc. VG$28.8 billion9.0838.9%37.6%100.7%4.880.3%
Pg&E Corp. PCG$28.6 billion9.618.6%20.2%4.1%1.88n/a
DTE Energy Co. DTE$28.2 billion20.5810.8%13.1%12.4%2.253.3%
Cheniere Energy Partners, L.P. CQP$27.8 billionn/an/a34.2%13.2%n/an/a
Centerpoint Energy Inc. CNP$27.0 billion23.259.8%24.4%7.8%2.122.3%
PPL Corp. PPL$27.0 billion20.478.6%24.5%7.5%1.333.1%
Firstenergy Corp. FE$26.9 billion22.339.3%14.9%12.2%2.323.8%
Eversource Energy ES$26.3 billion18.438.7%21.5%4.6%1.764.5%
Edison International EIX$22.8 billion6.3220.3%31.8%2.6%2.335.9%
CMS Energy Corp. CMS$21.7 billion24.719.0%13.8%8.2%2.063.3%
Nisource Inc. NI$21.2 billion22.649.8%27.4%10.0%1.912.7%
Evergy, Inc. EVRG$20.5 billion19.499.7%27.4%8.5%1.473.2%
Alliant Energy Corp. LNT$18.9 billion20.2512.0%22.6%5.4%1.612.9%
NRG Energy, Inc. NRG$18.6 billion22.9217.5%6.1%12.8%4.822.1%
Western Midstream Partners, LP WES$16.5 billion12.91n/a38.5%22.3%n/an/a
Talen Energy Corp. TLN$16.0 billionn/a-16.1%2.0%71.9%6.06n/a
Essential Utilities, Inc. WTRG$13.0 billion22.847.9%72.4%9.2%1.223.2%
Pinnacle West Capital Corp. PNW$12.6 billion19.598.8%20.7%7.5%1.533.5%
DT Midstream, Inc. DTM$11.6 billion24.759.8%49.4%13.4%0.683.0%
OGE Energy Corp. OGE$10.5 billion19.0310.6%25.8%2.4%1.123.4%
Antero Midstream Corp. AM$9.0 billion13.3730.5%81.3%7.3%1.424.7%
Entergy Arkansas, LLC EAI$8.7 billion4.1910.3%24.6%n/a1.7513.4%
Idacorp Inc. IDA$8.6 billion22.519.2%23.5%4.5%0.952.4%
UGI Corp. UGI$7.9 billion12.3912.9%16.2%-0.5%1.354.0%
Kinetik Holdings Inc. KNTK$7.9 billion16.31n/a12.2%15.8%n/a6.6%
Clearway Energy, Inc. CWEN$7.0 billion44.271.7%13.4%9.9%1.665.4%
National Fuel Gas Co. NFG$7.0 billion10.2117.2%40.3%15.1%0.912.9%
Southwest Gas Holdings, Inc. SWX$6.6 billionn/an/an/an/a0.862.8%
Black Hills Corp. BKH$6.5 billion20.418.0%24.3%2.8%1.133.3%
Txnm Energy Inc. TXNM$6.4 billion28.076.3%24.4%10.0%1.652.9%
Ormat Technologies, Inc. ORA$5.7 billion42.745.1%16.7%28.6%0.600.5%
New Jersey Resources Corp. NJR$5.5 billion15.0113.9%24.8%6.4%1.403.5%
Portland General Electric Co. POR$5.5 billion19.736.3%14.4%1.2%1.164.6%
Spire Inc. SR$5.2 billion9.9015.3%19.7%4.1%2.033.7%
NorthWestern Energy Group, Inc. NWE$5.1 billion31.225.7%18.1%10.1%1.273.2%
One Gas, Inc. OGS$5.1 billion17.258.3%21.1%-1.9%1.003.3%
Archrock, Inc. AROC$4.8 billion14.2021.4%n/a3.7%1.473.2%
Kodiak Gas Services, Inc. KGS$4.2 billion49.563.7%27.4%8.2%1.264.6%
MDU Resources Group Inc. MDU$4.0 billion20.026.5%17.1%-0.7%0.873.0%
American States Water Co. AWR$3.6 billion24.6512.6%32.2%11.1%0.792.3%
Chesapeake Utilities Corp. CPK$3.4 billion22.129.0%27.2%13.9%1.042.0%
Avista Corp. AVA$3.4 billion13.498.7%18.9%-1.4%1.194.9%
Otter Tail Corp. OTTR$3.3 billion18.719.2%15.2%0.0%0.652.9%
California Water Service Group CWT$3.2 billion22.797.2%19.4%4.8%0.862.6%
H2O America HTO$3.0 billion24.704.8%20.7%4.2%0.952.8%
MGE Energy Inc. MGEE$3.0 billion18.5510.9%22.5%8.0%0.632.3%
Fervo Energy Co. FRVO$2.7 billionn/an/an/an/a0.08n/a
Northwest Natural Holding Co. NWN$2.2 billion17.138.3%22.9%3.2%1.843.8%
Centuri Holdings, Inc. CTRI$2.1 billion36.326.0%3.1%31.5%0.90n/a
NGL Energy Partners LP NGL$1.9 billionn/an/a1.9%18.0%n/an/a
NextDecade Corp. NEXT$1.6 billionn/a-83.8%n/an/a107.19n/a
Hawaiian Electric Industries Inc. HE$1.5 billion6.3912.8%10.5%13.6%1.28n/a
New Fortress Energy Inc. NFE$1.3 billionn/an/a-84.3%-36.9%n/an/a
Excelerate Energy, Inc. EE$1.2 billion25.252.1%23.8%16.2%0.460.9%
Middlesex Water Co. MSEX$1.1 billion21.639.5%30.5%8.9%0.802.4%
Unitil Corp. UTL$1.0 billion18.318.6%18.6%21.1%1.543.3%
Xplr Infrastructure, LP XIFR$689 million4.601.4%6.4%-1.1%0.57n/a
York Water Co. YORW$530 million19.678.5%37.9%13.7%0.652.8%
Hallador Energy Co. HNRG$476 million505.00-0.5%3.7%6.5%0.23n/a
Genie Energy Ltd. GNE$462 million16.1810.9%5.2%1.7%0.031.7%
Consolidated Water Co. Ltd. CWCO$436 million27.527.2%12.3%-1.2%0.002.1%
Clean Energy Fuels Corp. CLNE$421 millionn/a-13.6%-4.0%6.3%0.39n/a
Montauk Renewables, Inc. MNTK$388 million54.203.0%0.6%4.3%0.57n/a
Artesian Resources Corp. ARTNA$354 million15.049.2%25.0%5.9%0.723.7%
Cadiz Inc. CDZI$300 millionn/a-789.7%-236.1%-21.3%18.65n/a
Summit Midstream Corp. SMC$288 millionn/a-0.6%14.6%20.9%2.07n/a
Pure Cycle Corp. PCYO$262 million17.859.7%37.7%22.9%0.09n/a
RGC Resources Inc. RGCO$241 million17.2911.4%17.3%13.8%1.213.7%
Global Water Resources, Inc. GWRS$219 million81.112.6%12.6%9.8%1.414.1%
Stabilis Solutions, Inc. SLNG$67 millionn/a-15.0%-19.4%-30.3%0.14n/a
Ocean Power Technologies, Inc. OPTT$4 millionn/an/a-1,088.8%-25.8%1.17n/a
29 companies share its SEC industry code (Electric Services); the rest are the names nearest in size in its wider industry, Utilities, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on FE

Dividends$1.76 a share in FY2025
Filings17 in twelve months: 9 current reports (8-K), about 7 regulation FD disclosure; 4 results of operations; 1 material agreement; 1 shareholder vote; 1 officer or director change
Planned insider sales2 Form 144 notices in twelve months, $554,562; latest 11 March 2026
Options tapeput/call 0.73 by open interest at the 6 November 2026 close; the straddle prices a 5.2% move to 20 November 2026
13F holders934 funds reported a position for the quarter to 30 June 2026; largest Capital World Investors
Insider trading4 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest31.4 million shares short, 6.38 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202628 October 2026EDGAR
10-Q30 June 202628 July 2026EDGAR
10-Q31 March 202628 April 2026EDGAR
10-K31 December 202518 February 2026EDGAR
10-Q30 September 202528 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 202429 October 2024EDGAR
10-Q30 June 202430 July 2024EDGAR

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