Pricing Log in Create free account
Friday 6 November 2026 Export FE’s income statement to Excel — free account

FirstEnergy Corporation

FE Utilities Utilities Regulated Electric

FirstEnergy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $15.1 billion, up 12.0% from fiscal 2024.

Revenue
+9.86%
EPS
+26.3%
Free cash flow
−44.5%
Total debt
+9.40%

Quarter to September 2026, against a year earlier

47.04 0.14 −0.30%
Market cap
$27.3B
P/E
22.6×
Fwd P/E
17.1×
Dividend yield
4.86%
F-score
5/9
Altman Z
0.72
Beneish M
−2.58
Dividend safety
16/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

FirstEnergy Corporation (FE) Debt to equity

Alert me on Debt to equity

FirstEnergy Corporation's debt to equity at the end of the quarter to 30 September 2026 was 2.1×, up 0.2× from fiscal 2025 (1.9×). Over the past ten years it has ranged from 1.8× (fiscal 2024) to 5.0× (fiscal 2017); the current reading is higher than 27% of that period. That is above the Utilities Regulated Electric industry median of 1.5× and above the Utilities sector median of 1.2×.

Debt to equity, annual

Embed this chart

Annual newest first

Period Debt to equity Change
FY2025 1.9× 8.91%
FY2024 1.8× (23.27%)
FY2023 2.3× 12.16%
FY2022 2.0× (26.01%)
FY2021 2.7× (18.70%)
FY2020 3.4× 12.35%
FY2019 3.0× 5.18%
FY2018 2.9× (42.52%)
FY2017 5.0× 37.81%
FY2016 3.6× 104.28%

Quarterly newest first

Period Debt to equity Change
Sep 2026 2.1× 3.17%
Jun 2026 2.0× 1.00%
Mar 2026 2.0× 4.32%
Dec 2025 1.9× (1.54%)
43 more quarters

Against its own ten years

Low 1.8× High 5.0×
Ten-year median 2.7×
Current reading's percentile 27

Debt to equity against peers

Company Debt to equity
FTS Fortis compare 1.4×
PPL PPL Corporation compare 1.4×
AEE Ameren Corporation compare 1.5×
ES Eversource Energy compare 1.8×
PCG Pacific Gas & Electric Co. compare 1.9×
DTE DTE Energy Company compare 2.0×
FE FirstEnergy Corporation 2.1×
CNP CenterPoint Energy, Inc. compare 2.1×
EIX Edison International compare 2.1×
Utilities Regulated Electric industry median 1.5×
Utilities sector median 1.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

More on FE