FIRSTENERGY CORP FE

Utilities SIC 4911 - Electric Services NAICS Utilities › Electric Power Generation, Transmission and Distribution derived NYSE

FE and its subsidiaries are principally involved in the transmission, distribution, and generation of electricity. FirstEnergy's 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. FirstEnergy's transmission operations include more than 24,000 miles of transmission lines and two regional transmission operation centers, and MP and AGC control 3,610 MWs of total generation capacity.

The Electric Companies' combined service areas encompass approximately 65,000 square miles in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York, providing distribution services for over six million customers in an area with a population of approximately 14 million and a total rate base of approximately $21.3 billion as of December 31, 2025.

Last close 46.15 2026-10-23
Market cap $26.69B 2026-03-31 share count
52-week range 42.67 - 52.34

Valuation FY2025 figures against the last close

P/S1.8x
P/E26.2x
P/FCF—
EV/EBITDA7.1x
Dividend yield3.8%
Diluted EPS1.76

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $15.09B$13.47B$12.87B$12.46B$11.13B$10.79B$10.80B$10.94B$10.93B$10.70B
Total operating expenses $12.88B$11.10B$10.60B$10.55B$9.41B$8.63B$8.53B$8.76B$8.50B$8.65B
Operating income $2.21B$2.38B$2.27B$1.91B$1.73B$2.16B$2.51B$2.50B$2.43B$2.05B
Interest expense $1.22B$1.14B$1.12B$1.04B$1.14B$1.06B$1.03B$1.12B$1.00B$973.0M
Pre-tax income $1.56B$1.50B$1.46B$1.44B$1.56B$1.13B$1.12B$1.51B$1.43B$1.08B
Income tax $288.0M$377.0M$267.0M$1.00B$320.0M$126.0M$213.0M$490.0M$1.72B$527.0M
Net income $1.02B$978.0M$1.10B$406.0M$1.28B$1.08B$912.0M$1.35B-$1.72B-$6.18B
EPS, basic 1.771.701.920.712.351.991.701.99-3.88-14.49
EPS, diluted 1.761.701.920.712.351.991.681.99-3.88-14.49
Shares, diluted (wtd. avg.) 578.0M577.0M574.0M572.0M546.0M543.0M542.0M494.0M444.0M426.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $57.0M$111.0M$179.0M$206.0M$1.51B$1.80B$679.0M$429.0M$643.0M$260.0M
Receivables $1.73B$1.53B$1.32B$1.32B$1.03B$1.20B$1.09B$1.22B$1.28B$1.44B
Inventory $577.0M$549.0M$512.0M$421.0M$260.0M$317.0M$281.0M$252.0M$236.0M$564.0M
Total current assets $2.98B$2.78B$2.57B$2.42B$3.24B$3.71B$2.44B$2.39B$3.11B$2.95B
Property, plant and equipment ——$38.41B$36.28B$34.74B$33.29B$31.65B$29.91B$28.10B$29.39B
Goodwill $5.62B$5.62B$5.62B$5.62B$5.62B$5.62B$5.62B$5.62B$5.62B$5.62B
Other intangibles —————$73.0M$80.0M$93.0M$105.0M$120.0M
Total assets $55.90B$52.04B$48.77B$46.11B$45.43B$44.46B$42.30B$40.06B$42.26B$43.15B
Accounts payable $2.00B$1.57B$1.36B$1.50B$943.0M$827.0M$918.0M$965.0M$827.0M$1.04B
Short-term debt $723.0M$977.0M$1.25B$351.0M$1.61B$146.0M$380.0M$503.0M$558.0M$1.69B
Total current liabilities $5.27B$5.00B$5.39B$3.96B$4.42B$5.00B$4.86B$4.63B$4.11B$7.13B
Total liabilities $41.98B$38.32B$37.85B$35.47B——————
Retained earnings $35.0M$43.0M-$97.0M-$1.20B-$1.60B-$2.89B-$3.97B-$4.88B-$6.26B-$4.53B
Total equity $12.51B$12.46B$10.92B$10.64B$8.68B$7.24B$6.97B$6.81B$3.92B$6.24B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.70B$2.89B$1.39B$2.68B$2.81B$1.42B$2.47B$1.41B$3.81B$3.38B
Depreciation and amortisation $1.66B$1.58B$1.46B$1.38B$1.30B$1.20B$1.22B$1.38B$1.70B$1.97B
Capital expenditure $4.71B$4.03B$3.36B$2.85B$2.49B$2.66B$2.67B$2.67B$2.59B$2.83B
Investing cash flow -$5.07B-$4.35B-$3.65B-$3.08B-$2.56B-$2.91B-$2.87B-$3.02B-$2.72B-$3.30B
Financing cash flow $1.31B$1.43B$2.24B-$912.0M-$542.0M$2.61B$656.0M$1.39B-$702.0M-$34.0M
Dividends paid $1.02B$970.0M$906.0M$891.0M$849.0M$845.0M$814.0M$711.0M$639.0M$611.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001031296-26-000046.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B Revenue, FY2016: 10.7B Net income, FY2016: -6.2B Revenue, FY2017: 10.9B Net income, FY2017: -1.7B Revenue, FY2018: 10.9B Net income, FY2018: 1.3B Revenue, FY2019: 10.8B Net income, FY2019: 912M Revenue, FY2020: 10.8B Net income, FY2020: 1.1B Revenue, FY2021: 11.1B Net income, FY2021: 1.3B Revenue, FY2022: 12.5B Net income, FY2022: 406M Revenue, FY2023: 12.9B Net income, FY2023: 1.1B Revenue, FY2024: 13.5B Net income, FY2024: 978M Revenue, FY2025: 15.1B Net income, FY2025: 1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $10.70B $10.93B $10.94B $10.80B $10.79B $11.13B $12.46B $12.87B $13.47B $15.09B
Gross profit — — — — — — — — — —
Net income -$6.18B -$1.72B $1.35B $912.0M $1.08B $1.28B $406.0M $1.10B $978.0M $1.02B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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