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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. In the quarter to June 2026, revenue grew 8.82%, EPS grew 8.70%, free cash flow fell 143.8% and total debt rose 12.3%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five.

46.19 0.64 +1.41%
Market cap
$26.4B
P/E
24.6×
Fwd P/E
16.8×
Dividend yield
3.94%
F-score
5/9
Altman Z
0.72
Beneish M
−2.58
Dividend safety
16/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 1.99
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — 3 — — — — — — —
Insider Ownership 0.07%

Capital & Financial Ratios $m

Market Cap 26,360.00
Revenue 15,825.00
Net Income 1,357.00
Free Cash Flow (1,954.00)
Net Debt 28,792.00
Current Ratio 0.54 (below 1: weak)
Debt/Equity 2.01 (above 2: weak)
P/E ratio 24.57
Fwd P/E 16.80
P/S ratio 1.69
P/B ratio 1.85
Past 5Y EPS Growth (2.43%) (below 0%: weak)
This Y EPS Growth 7.34%
Next Y EPS Growth 7.69%
Next Y revenue growth 6.51%
Next 5Y EPS Growth 7.77%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.5×, against a ten-year median of 3.6×; over the ten years it ranged from 2.4× in 2016 to 4.7× in 2017.
P/E against its own 10 years 60.70%
10-year low 10-year high
P/S against its own 10 years 39.77%
10-year low 10-year high
P/B against its own 10 years 25.80%
10-year low 10-year high
EV/Sales against its own 10 years 36.97%
10-year low 10-year high

Dividends

Payout Ratio 0.97
Annual Dividend Rate 1.82
Annual Dividend Yield 3.94%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.85
0.45
0.47
0.47
2025 1.76
0.43
0.45
0.45
0.45
2024 1.69
0.41
0.43
0.43
0.43
2023 1.58
0.39
0.39
0.39
0.41
2022 1.56
0.39
0.39
0.39
0.39
2021 1.56
0.39
0.39
0.39
0.39
2020 1.56
0.39
0.39
0.39
0.39
2019 1.52
0.38
0.38
0.38
0.38
2018 1.44
0.36
0.36
0.36
0.36
2017 1.44
0.36
0.36
0.36
0.36
2016 1.44
0.36
0.36
0.36
0.36
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 179 154 99 191
Receivables 1,584 1,833 2,021 2,010
Inventory 512 549 577 559
Other — — — —
2,568 2,776 2,979 3,205
2023 2024 2025 Q'26
Payables 1,362 1,575 2,002 2,122
ST’ Debt 2,025 1,527 1,048 1,881
Other 468 449 537 543
5,386 4,997 5,271 5,928

Compound Annual Growth %

10y 5y 3y
Sales 0.04% 6.94% 6.59%
Cash Flow 0.67% 21.06% 11.31%
Earnings 5.84% (1.12%) 35.94%
Book Value 1.15% 13.99% 9.38%

Revenue $m

Mar Jun Sep Dec Year
’26 4,202 3,678 — — —
’25 3,765 3,380 4,148 3,797 15,090
’24 3,287 3,280 3,729 3,176 13,472
’23 3,231 3,006 3,487 3,146 12,870
’22 2,989 2,818 3,475 3,177 12,459
’21 2,726 2,622 3,124 2,660 11,132
’20 2,709 2,522 3,022 2,537 10,790
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 148 989 — — —
’25 637 1,082 845 1,136 3,700
’24 (40) 1,112 775 1,044 2,891
’23 (112) (101) 642 958 1,387
’22 355 928 554 846 2,683
’21 533 814 757 707 2,811
’20 (560) 710 701 572 1,423
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1,107) (356) — — —
’25 (368) (146) (461) (30) (1,005)
’24 (830) 170 (229) (250) (1,139)
’23 (761) (870) (206) (132) (1,969)
’22 (184) 281 (112) (150) (165)
’21 (71) 192 215 (12) 324
’20 (1,176) 34 14 (106) (1,234)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.70 0.50 — — —
’25 0.62 0.46 0.76 (0.08) 1.76
’24 0.44 0.08 0.73 0.45 1.70
’23 0.51 0.41 0.59 0.30 1.96
’22 0.51 0.33 0.58 (0.71) 0.71
’21 0.62 0.11 0.85 0.77 2.35
’20 0.14 0.57 0.84 0.45 1.99
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 29.33 27.93 29.34 36.29 22.85 29.25 35.32 32.18 35.41 37.58

Analyst estimates 2026–2028

Powerpack
High 36.60 35.22 39.88 49.07 52.52 41.75 48.85 43.31 44.97 48.20
People
People Employees 15,707 15,617 12,494 12,316 12,153 12,395 12,335 12,042 12,294 11,186
Revenue/emp, $m 0.68 0.70 0.90 0.90 0.89 0.90 1.01 1.07 1.10 1.35
Income, $m
Income, $m Revenue 10,700 10,928 11,261 11,035 10,790 11,132 12,459 12,870 13,472 15,090
Gross margin, % 63.73 68.68 67.61 68.97 71.55 69.05 63.14 63.90 67.52 65.31
EBT 1,078 1,426 1,512 1,117 1,129 1,559 1,439 1,464 1,504 1,559
EBT margin, % 10.07 13.05 13.43 10.12 10.46 14.00 11.55 11.38 11.16 10.33
Net income (6,177) (1,724) 1,348 912 1,079 1,283 439 1,176 1,127 1,271
Depreciation 1,974 1,700 1,384 1,217 1,199 1,664 1,317 1,265 1,646 1,553
Per share, $
Per share, $ Revenue 25.12 24.61 22.89 20.63 19.91 20.43 21.82 22.46 23.43 26.15
Earnings (14.50) (3.88) 1.99 1.70 1.99 2.35 0.71 1.96 1.70 1.77
Cash flow 7.94 8.58 2.87 4.61 2.63 5.16 4.70 2.42 5.03 6.41
Capex (6.62) (4.95) (4.57) (4.98) (4.90) (4.56) (4.99) (5.86) (7.01) (8.15)
Free cash flow 1.32 3.62 (1.71) (0.37) (2.28) 0.59 (0.29) (3.44) (1.98) (1.74)
Book value 14.65 8.84 13.85 13.04 13.35 15.92 18.64 19.05 23.86 24.14
Shares, m 426 444 492 535 542 545 571 573 575 577
Valuation, ×
Valuation, × P/E 0.00 0.00 18.23 28.59 15.31 17.70 59.20 19.48 23.40 25.44
P/S 1.23 1.25 1.64 2.36 1.54 2.04 1.93 1.67 1.70 1.71
P/B 2.11 3.49 2.74 3.73 2.29 2.61 2.25 1.96 1.67 1.86
EV/Sales 3.32 2.98 3.33 4.20 3.64 4.04 3.65 3.59 3.47 3.47
EV/FCF 63.12 20.25 (44.70) (233.94) (31.82) 138.92 (275.44) (23.44) (41.04) (52.03)
Cash, $m
Cash, $m Operating cash flow 3,383 3,808 1,410 2,467 1,423 2,811 2,683 1,387 2,891 3,700
Capex (2,820) (2,199) (2,250) (2,665) (2,657) (2,487) (2,848) (3,356) (4,030) (4,705)
Free cash flow 563 1,609 (840) (198) (1,234) 324 (165) (1,969) (1,139) (1,005)
Balance, $m
Balance, $m Working capital (4,176) (1,003) (2,242) (2,418) (1,290) (1,179) (1,543) (2,818) (2,221) (2,292)
Total debt 22,552 19,545 19,504 20,998 24,477 23,854 21,654 24,910 24,023 26,556
Net debt 22,353 18,906 19,075 20,319 22,676 22,343 21,448 24,731 23,869 26,457
Shareholders’ equity 6,241 3,925 6,814 6,975 7,237 8,675 10,643 10,916 13,720 13,926
Returns, %
Returns, % ROA (12.97) (4.04) 2.38 2.20 2.49 2.85 0.89 2.32 1.94 1.89
ROIC 4.49 6.65 6.04 5.75 4.52 3.48 3.72 3.97 3.95 3.41
ROE (66.20) (33.92) 18.39 13.24 15.18 16.13 4.20 10.22 7.94 7.38
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

FirstEnergy Corporation vs peers in Utilities Regulated Electric (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AEE Ameren Corporation $28.7B 18.5× 20.3× −5.81% (below 0%: shrinking) +11.76% (above 0%: growing) −51.22% (below 0%: shrinking) 73.90% 21.94% Compare
PCG Pacific Gas & Electric Co. $28.5B 9.5× 11.2× +0.07% (above 0%: growing) +37.50% (above 0%: growing) −2.64% (below 0%: shrinking) 84.50% 21.40% Compare
FTS Fortis $27.9B 22.6× 21.5× +4.02% (above 0%: growing) +1.82% (above 0%: growing) +29.48% (above 0%: growing) 45.92% 27.43% Compare
DTE DTE Energy Company $26.7B 20.5× 19.4× −1.46% (below 0%: shrinking) +22.73% (above 0%: growing) −179.77% (below 0%: shrinking) 51.91% 13.59% Compare
FE FirstEnergy Corporation $26.4B 24.6× 16.8× +8.82% (above 0%: growing) +8.70% (above 0%: growing) −143.84% (below 0%: shrinking) 64.30% 18.41%
CNP CenterPoint Energy, Inc. $26.2B 23.9× 22.8× +10.70% (above 0%: growing) +23.33% (above 0%: growing) −4.04% (below 0%: shrinking) 86.94% 24.81% Compare
PPL PPL Corporation $26.0B 20.7× 18.6× +4.25% (above 0%: growing) +24.00% (above 0%: growing) −112.80% (below 0%: shrinking) 71.67% 22.50% Compare
ES Eversource Energy $24.9B 17.3× 15.4× +2.29% (above 0%: growing) −85.42% (below 0%: shrinking) +398.93% (above 0%: growing) 67.64% 18.63% Compare
EIX Edison International $21.4B 5.7× 12.2× −4.09% (below 0%: shrinking) +56.18% (above 0%: growing) +30.60% (above 0%: growing) 73.90% 25.06% Compare
Median of peers $26.5B 19.5× 19.0× +1.18% +23.03% −3.34% 72.79% 22.22%

All 40 Utilities Regulated Electric stocks →

FE metrics, ten years each

FirstEnergy Corporation (FE) key facts

  • Strength: FirstEnergy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $15.1 billion, up 12.0% from fiscal 2024.
  • FirstEnergy Corporation (FE) is an Utilities Regulated Electric company in the Utilities sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, FE traded at $46.19, a market capitalization of $26.4 billion.
  • FirstEnergy Corporation pays an annual dividend of $1.82 per share, a yield of 3.94%, with a payout ratio of 96.8%.
  • Return on equity was 7.38% and debt-to-equity 2.01.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.72 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

FirstEnergy Corporation (FE) Latest News

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stockrow.com/FE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com