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Financials · FE

FirstEnergy Corp. (FE) financials

For the twelve months ended Mar 31, 2026, FirstEnergy Corp. reported $15.53B of revenue and $1.11B of net income.

Revenue, TTM
$15.53B
Revenue growth, YoY
+11.3%
Net income, TTM
$1.11B
Net income growth, YoY
-2.0%
Net margin
7.2%
Free cash flow, TTM
-$1.74B
EPS, diluted, TTM
$1.84
EPS growth, YoY
-2.1%
Cash
$52.00M
Total debt
$27.64B
P/E
24.10
P/S
1.73
Market cap
$26.88B
Annual revenue$15.09B
FY2016FY2025
Annual net income$1.02B
FY2016FY2025
Annual free cash flow-$1.00B
FY2016FY2025

FE revenue and earnings growth

FE revenueQ1 2026$4.20B

Quarter YoY
+11.6%
QoQ
+10.7%
FY YoY
+12.0%
5Y CAGR
+6.9%
10Y CAGR
+0.0%

FE revenue was $4.20B in fiscal Q1 2026 (ended Mar 31, 2026), up 11.6% from a year earlier and up 10.7% from the prior quarter. For the full fiscal 2025 it was $15.09B, up 12.0% from fiscal 2024. Compound annual growth was +6.9% over 5 years and +0.0% over 10 years. It rose in 7 of the last 10 fiscal years.

FE net incomeQ1 2026$405.00M

Quarter YoY
+12.5%
FY YoY
+4.3%
5Y CAGR
-1.1%
10Y CAGR
+5.8%

FE net income was $405.00M in fiscal Q1 2026 (ended Mar 31, 2026), up 12.5% from a year earlier. For the full fiscal 2025 it was $1.02B, up 4.3% from fiscal 2024. Compound annual growth was -1.1% over 5 years and +5.8% over 10 years. It rose in 4 of the last 7 fiscal years.

FE EPSQ1 2026$0.70

Quarter YoY
+12.9%
FY YoY
+3.5%
5Y CAGR
-2.4%
10Y CAGR
+2.5%

FE diluted EPS was $0.70 in fiscal Q1 2026 (ended Mar 31, 2026), up 12.9% from a year earlier. For the full fiscal 2025 it was $1.76, up 3.5% from fiscal 2024. Compound annual growth was -2.4% over 5 years and +2.5% over 10 years.

FE free cash flowQ1 2026-$1.11B

FE free cash flow was -$1.11B in fiscal Q1 2026 (ended Mar 31, 2026), compared with -$368.00M a year earlier. For the full fiscal 2025 it was -$1.00B, compared with -$1.14B in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$15.09B$13.47B$12.87B$12.46B$11.13B$10.79B$11.04B$11.26B$10.93B$10.70B
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$973.00M
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$288.00M$377.00M$267.00M$1.00B$320.00M$126.00M$213.00M$490.00M$1.72B$527.00M
Net income$1.02B$978.00M$1.10B$406.00M$1.28B$1.08B$912.00M$1.35B-$1.72B-$6.18B
EPS, basic$1.77$1.70$1.92$0.71$2.35$1.99$1.70$1.99-$3.88-$14.49
EPS, diluted$1.76$1.70$1.92$0.71$2.35$1.99$1.68$1.99-$3.88-$14.49
Diluted shares578.0M577.0M574.0M572.0M546.0M543.0M542.0M494.0M444.0M426.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$57.00M$154.00M$179.00M$206.00M$1.51B$1.80B$679.00M$429.00M$643.00M$260.00M
Receivables$1.73B$1.53B$1.32B$1.32B$1.03B$1.20B$1.09B$1.22B$1.28B$1.44B
Inventory$577.00M$549.00M$512.00M$421.00M$260.00M$317.00M$281.00M$252.00M$236.00M$564.00M
Current assets$2.98B$2.78B$2.57B$2.42B$3.24B$3.71B$2.44B$2.39B$3.11B$2.95B
Goodwill$5.62B$5.62B$5.62B$5.62B$5.62B$5.62B$5.62B$5.62B$5.62B$5.62B
Total assets$55.90B$52.04B$48.77B$46.11B$45.43B$44.46B$42.30B$40.06B$42.26B$43.15B
Current liabilities$5.27B$5.00B$5.39B$3.96B$4.42B$5.00B$4.86B$4.63B$4.11B$7.13B
Short-term debt$325.00M$977.00M$1.25B$351.00M$1.61B$146.00M$380.00M$503.00M$558.00M$1.69B
Long-term debt$25.51B$22.50B$22.89B$21.20B$22.25B$22.13B$19.62B$17.75B$18.69B$18.19B
Total debt$25.83B$23.47B$24.14B$21.55B$23.85B$22.28B$20.00B$18.25B$19.25B$19.88B
Total liabilities$41.98B$38.32B$37.85B$35.47B$36.76B$37.23B$35.33B$40.03B$42.12B$42.97B
Shareholders' equity$12.51B$13.72B$10.92B$10.64B$8.68B$7.24B$6.97B$6.81B$3.92B$6.24B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$3.70B$2.89B$1.39B$2.68B$2.81B$1.42B$2.47B$1.41B$3.81B$3.38B
Capital expenditures$4.71B$4.03B$3.36B$2.85B$2.49B$2.66B$2.67B$2.67B$2.59B$2.83B
Free cash flow-$1.00B-$1.14B-$1.97B-$165.00M$324.00M-$1.23B-$198.00M-$1.26B$1.22B$548.00M
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-$912.00M-$542.00M$2.61B$656.00M$1.39B-$702.00M-$34.00M
Dividends paid$1.02B$970.00M$906.00M$891.00M$849.00M$845.00M$814.00M$711.00M$639.00M$611.00M
Depreciation and amortization---$1.32B$1.66B$1.20B$1.22B$1.38B$1.70B$1.97B

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY12.0%4.7%3.3%11.9%3.2%-2.2%-2.0%3.0%2.1%-28.8%
Net income growth, YoY4.3%-11.3%171.4%-68.4%18.9%18.3%-32.3%---
EPS growth, YoY3.5%-11.5%170.4%-69.8%18.1%18.5%-15.6%---
Operating margin14.6%17.6%17.6%15.3%15.5%20.0%22.7%22.2%22.2%19.2%
Net margin6.8%7.3%8.6%3.3%11.5%10.0%8.3%12.0%-15.8%-57.7%
Free cash flow margin-6.7%-8.5%-15.3%-1.3%2.9%-11.4%-1.8%-11.2%11.2%5.1%
Return on equity8.2%7.1%10.1%3.8%14.8%14.9%13.1%19.8%-43.9%-99.0%
Return on assets1.8%1.9%2.3%0.9%2.8%2.4%2.2%3.4%-4.1%-14.3%
Current ratio0.570.560.480.610.730.740.500.520.760.41
Debt to equity2.061.712.212.032.753.082.872.684.903.18

Source: XBRL data FirstEnergy Corp. files with the SEC, latest filing dated Apr 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FE$15.53B+11.3%$1.11B7.2%$26.88B
D$17.52B+17.5%$2.95B16.9%$60.33B
PEG$13.03B+15.3%$2.01B15.4%$36.20B
AWK$5.34B+5.3%$1.14B21.3%$29.92B

FE FAQ

8 questions
  • What is FE revenue?
    FirstEnergy Corp. (FE) reported $15.53B of revenue for the twelve months ended Mar 31, 2026. That is up 11.3% from the year before. Revenue for fiscal 2025 was $15.09B.
  • Is FE profitable?
    Yes. FirstEnergy Corp. earned $1.11B in net income for the twelve months ended Mar 31, 2026, a net margin of 7.2%.
  • How much cash and debt does FE have?
    FirstEnergy Corp. reported $52.00M in cash and cash equivalents and $27.64B of debt on its most recent balance sheet in SEC filings.
  • How fast is FE revenue growing?
    FirstEnergy Corp.'s revenue changed +12.0% in fiscal 2025, to $15.09B. Its compound annual growth rate was +6.9% over 5 years and +0.0% over 10 years.
  • What is FE free cash flow?
    FirstEnergy Corp. generated -$1.74B of free cash flow for the twelve months ended Mar 31, 2026, which is operating cash flow of $3.21B less capital expenditures.
  • What is FE earnings per share?
    Diluted earnings per share were $1.84 for the twelve months ended Mar 31, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FE last report financial results?
    The latest statements here come from FirstEnergy Corp.'s 10-Q filed on Apr 28, 2026, covering the period ended Mar 31, 2026.
  • Where does this FE financial data come from?
    Quantisnow builds these statements from the structured XBRL data FirstEnergy Corp. files with the SEC. It is provided for information only and is not investment advice.