FirstEnergy Corp (FE)

FirstEnergy Corp., together with its subsidiaries, engages in the generation, distribution, and transmission of electricity in the United States. It operates through Distribution, Integrated, and Stand-Alone Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities. The company operates 252,959 distribution line miles and 24,157 transmission line miles, including overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.

Symbol: FE
Exchange: NYSE
Sector: Utilities
Industry: Utilities - Regulated Electric
Market cap: $25.07B
52 week range: 42.67 - 52.34

Valuation

Share price: $43.34 (close of 2026-10-02)
P/E (TTM): 23.43x
Price to book: 1.78x
Price to free cash flow: -14.37x
Enterprise value: $53.08B
Book value per share: $24.39

Price performance

Period	Change
1 day	-0.12%
5 days	+0.09%
1 month	-6.37%
3 months	-10.69%
6 months	-15.53%
Year to date	-3.19%
1 year	-4.66%
3 years	+32.94%
5 years	+20.89%
10 years	+31.02%
All time	+72.05%

Members of Congress who disclosed FE trades

Dan Newhouse

Super investors holding FE

Ray Dalio (Bridgewater Associates) · Ken Griffin (Citadel) · George Soros (Soros Fund Mgmt)

Profitability and growth

Return on equity: 7.32%
Return on invested capital: 4.74%
Return on assets: 1.82%
Return on capital employed: 4.36%
Gross margin: 14.62%
Net margin: 6.76%
EBITDA margin: 25.65%
Revenue growth: 12.01%
Net income growth: 4.29%
Free cash flow growth: 11.76%

Cash flow and balance sheet

Free cash flow yield (TTM): -6.96%
Current ratio: 0.52x
Net debt to EBITDA: 6.87x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $15.09B
Cost of revenue: $12.88B
Gross profit: $2.21B
EBITDA: $3.87B
Net income: $1.02B
Earnings per share: $1.77
Shares outstanding: 577.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$15.09B	$2.21B	$1.02B	$1.77
2024-12-31	$13.47B	$2.38B	$978.00M	$1.70
2023-12-31	$12.87B	$2.27B	$1.10B	$1.92
2022-12-31	$12.46B	$1.91B	$406.00M	$0.71
2021-12-31	$11.11B	$1.73B	$1.28B	$2.35
2020-12-31	$10.70B	$2.16B	$1.08B	$1.99
2019-12-31	$10.80B	$2.51B	$912.00M	$1.70
2018-12-31	$10.94B	$2.50B	$1.35B	$1.99
2017-12-31	$10.93B	$2.43B	-$1.72B	$-3.88
2016-12-31	$10.70B	$2.05B	-$6.18B	$-14.49

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	14.62%	6.76%	7.32%	4.74%
2024-12-31	17.63%	7.26%	7.13%	5.31%
2023-12-31	17.61%	8.56%	10.10%	5.60%
2022-12-31	15.33%	3.26%	3.81%	2.97%
2021-12-31	15.53%	11.55%	14.79%	15.34%
2020-12-31	20.20%	10.08%	14.91%	33.94%
2019-12-31	23.23%	8.44%	13.08%	32.53%
2018-12-31	22.86%	12.32%	3851.43%	1176.61%
2017-12-31	22.22%	-15.78%	-43.92%	31.17%
2016-12-31	19.20%	-57.73%	-98.97%	19.76%

Cash and debt by year

Period end	Cash
2025-12-31	$57.00M
2024-12-31	$111.00M
2023-12-31	$137.00M
2022-12-31	$160.00M
2021-12-31	$1.46B
2020-12-31	$1.73B
2019-12-31	$627.00M
2018-12-31	$367.00M
2017-12-31	$588.00M
2016-12-31	$199.00M

Free cash flow by year

Period end	Free cash flow
2025-12-31	-$1.00B
2024-12-31	-$1.14B
2023-12-31	-$1.97B
2022-12-31	-$165.00M
2021-12-31	$324.00M
2020-12-31	-$1.23B
2019-12-31	-$198.00M
2018-12-31	-$1.26B
2017-12-31	$1.22B
2016-12-31	$548.00M

Dividend history

Most recent payment: 2026-08-07
Paid in the last twelve months: $1.82

Payment date	Dividend per share
2026-08-07	$0.47
2026-05-07	$0.47
2026-02-06	$0.45
2025-11-07	$0.45
2025-08-07	$0.45
2025-05-07	$0.45
2025-02-07	$0.42
2024-11-07	$0.42

Investor relations

Next earnings report

Next confirmed report: 2026-10-28
Consensus EPS estimate: $0.94

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-28	Jun/2026	$0.49
2026-04-28	Mar/2026	$0.72
2026-02-17	Dec/2025	$0.52
2025-10-22	Sep/2025	$0.76
2025-07-30	Jun/2025	$0.50
2025-04-23	Mar/2025	$0.60
2025-02-26	Dec/2024	$0.70
2024-10-29	Sep/2024	$0.91

Filings and sources

Company website: firstenergycorp.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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