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%

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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 Segments Valuation Filings

FirstEnergy Corporation (FE) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Distribution services and retail generation	12,189	80.78%
Transmission	2,311	15.31%
Other	590	3.91%
Gross margin		65.31%
Operating margin		14.62%
Pre-tax margin		10.33%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2018	FY2017	FY2016
Distribution services and retail generation	12,189 80.78%	10,976 81.47%	10,405 80.85%	9,916 79.59%	9,009 80.93%	8,688 80.52%	—	—	—
Transmission	2,311 15.31%	2,148 15.94%	2,049 15.92%	1,863 14.95%	1,608 14.44%	1,613 14.95%	—	—	1,123 10.50%
Other	590 3.91%	348 2.58%	416 3.23%	680 5.46%	515 4.63%	489 4.53%	—	—	—
Distribution Services	—	—	—	—	—	—	5,055 46.19%	8,685 79.47%	—
Retail Generation	—	—	—	—	—	—	3,882 35.47%	—	—
Transmission Services	—	—	—	—	—	—	1,335 12.20%	1,307 11.96%	—
Wholesale Sales	—	—	—	—	—	—	524 4.79%	—	—
Other Services	—	—	—	—	—	—	148 1.35%	936 8.57%	—
Electric Distribution and Electric Generation	—	—	—	—	—	—	—	—	8,685 81.17%
Product and Service, Other	—	—	—	—	—	—	—	—	892 8.34%
Revenue	15,090	13,472	12,870	12,459	11,132	10,790	10,944	10,928	10,700

Revenue by segment $m

Line	FY2021	FY2020	FY2019	FY2018	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Distribution Segment	9,711 87.23%	9,363 86.77%	9,421 87.19%	9,741 89.01%	9,582 63.77%	9,054 60.16%	8,720 58.55%	9,047 59.31%	9,913 61.55%	9,561 71.68%
Regulated Transmission	1,618 14.53%	1,630 15.11%	1,510 13.98%	1,335 12.20%	1,046 6.96%	817 5.43%	731 4.91%	735 4.82%	660 4.10%	398 2.98%
Competitive Energy Services	—	—	—	—	4,698 31.27%	5,470 36.35%	5,728 38.46%	5,778 37.88%	7,020 43.59%	5,876 44.05%
Other Business Operations	—	—	—	—	0 0.00%	0 0.00%	(121) (0.81%)	(119) (0.78%)	(114) (0.71%)	28 0.21%
Reconciling Adjustments	—	—	—	—	(300) (2.00%)	(292) (1.94%)	(166) (1.11%)	(188) (1.23%)	(1,374) (8.53%)	(2,524) (18.92%)
Eliminations	(197) (1.77%)	(203) (1.88%)	(126) (1.17%)	(132) (1.21%)	—	—	—	—	—	—
Revenue	11,132	10,790	10,805	10,944	15,026	15,049	14,892	15,253	16,105	13,339

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Rate base	Q2 FY2026	22.0%	14.0%	—
Rate base growth	Q2 FY2026	11.0%	8.00%	—

	Q2 FY2026	Q1 FY2026	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q4 FY2023	Q3 FY2023
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.