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Stocks · Utilities · Electric Services

FirstEnergy

FE Clue Score37
United States Fiscal year ends December CIK 0001031296
$45.00 +0.33% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $45.00 +25.80% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue10.70Operating income2.05Net income−6.18EPS, diluted−14.49Fiscal year 2017Revenue10.93 +2.1%Operating income2.43Net income−1.72EPS, diluted−3.88Fiscal year 2018Revenue10.94 +0.1%Operating income2.50Net income1.35EPS, diluted1.99Fiscal year 2019Revenue10.81 −1.3%Operating income2.51Net income0.91 −32.3%EPS, diluted1.68 −15.6%Fiscal year 2020Revenue10.70 −1.0%Operating income2.16Net income1.08 +18.3%EPS, diluted1.99 +18.5%Fiscal year 2021Revenue11.11 +3.8%Operating income1.73Net income1.28 +18.9%EPS, diluted2.35 +18.1%Fiscal year 2022Revenue12.46 +12.1%Operating income1.91Net income0.41 −68.4%EPS, diluted0.71 −69.8%Fiscal year 2023Revenue12.87 +3.3%Operating income2.27Net income1.10 +171.4%EPS, diluted1.92 +170.4%Fiscal year 2024Revenue13.47 +4.7%Operating income2.38Net income0.98 −11.3%EPS, diluted1.70 −11.5%Fiscal year 2025Revenue15.09 +12.0%Operating income2.21Net income1.02 +4.3%EPS, diluted1.76 +3.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 10.70 10.93 10.94 10.81 10.70 11.11 12.46 12.87 13.47 15.09
Growth +2.1% +0.1% −1.3% −1.0% +3.8% +12.1% +3.3% +4.7% +12.0%
Operating income 2.05 2.43 2.50 2.51 2.16 1.73 1.91 2.27 2.38 2.21
Net income −6.18 −1.72 1.35 0.91 1.08 1.28 0.41 1.10 0.98 1.02
Growth −32.3% +18.3% +18.9% −68.4% +171.4% −11.3% +4.3%
EPS, diluted −14.49 −3.88 1.99 1.68 1.99 2.35 0.71 1.92 1.70 1.76
Growth −15.6% +18.5% +18.1% −69.8% +170.4% −11.5% +3.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin19.2%Net margin−57.7%Free cash flow margin5.1%Fiscal year 2017Operating margin22.2%Net margin−15.8%Free cash flow margin11.2%Fiscal year 2018Operating margin22.9%Net margin12.3%Free cash flow margin−11.6%Fiscal year 2019Operating margin23.2%Net margin8.4%Free cash flow margin−1.8%Fiscal year 2020Operating margin20.2%Net margin10.1%Free cash flow margin−11.5%Fiscal year 2021Operating margin15.5%Net margin11.5%Free cash flow margin2.9%Fiscal year 2022Operating margin15.3%Net margin3.3%Free cash flow margin−1.3%Fiscal year 2023Operating margin17.6%Net margin8.6%Free cash flow margin−15.3%Fiscal year 2024Operating margin17.6%Net margin7.3%Free cash flow margin−8.5%Fiscal year 2025Operating margin14.6%Net margin6.8%Free cash flow margin−6.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 19.2% 22.2% 22.9% 23.2% 20.2% 15.5% 15.3% 17.6% 17.6% 14.6%
Net margin −57.7% −15.8% 12.3% 8.4% 10.1% 11.5% 3.3% 8.6% 7.3% 6.8%
Free cash flow margin 5.1% 11.2% −11.6% −1.8% −11.5% 2.9% −1.3% −15.3% −8.5% −6.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow3.38Capital expenditure−2.84Free cash flow0.55Dividends paid−0.61Fiscal year 2017Operating cash flow3.81Capital expenditure−2.59Free cash flow1.22 +122.8%Dividends paid−0.64Fiscal year 2018Operating cash flow1.41Capital expenditure−2.68Free cash flow−1.27 −203.6%Dividends paid−0.71Fiscal year 2019Operating cash flow2.47Capital expenditure−2.67Free cash flow−0.20Dividends paid−0.81Fiscal year 2020Operating cash flow1.42Capital expenditure−2.66Free cash flow−1.23Dividends paid−0.85Fiscal year 2021Operating cash flow2.81Capital expenditure−2.49Free cash flow0.32Dividends paid−0.85Fiscal year 2022Operating cash flow2.68Capital expenditure−2.85Free cash flow−0.17 −150.9%Dividends paid−0.89Fiscal year 2023Operating cash flow1.39Capital expenditure−3.36Free cash flow−1.97Dividends paid−0.91Fiscal year 2024Operating cash flow2.89Capital expenditure−4.03Free cash flow−1.14Dividends paid−0.97Fiscal year 2025Operating cash flow3.70Capital expenditure−4.71Free cash flow−1.01Dividends paid−1.02
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 3.38 3.81 1.41 2.47 1.42 2.81 2.68 1.39 2.89 3.70
Capital expenditure −2.84 −2.59 −2.68 −2.67 −2.66 −2.49 −2.85 −3.36 −4.03 −4.71
Free cash flow 0.55 1.22 −1.27 −0.20 −1.23 0.32 −0.17 −1.97 −1.14 −1.01
Growth +122.8% −203.6% −150.9%
Dividends paid −0.61 −0.64 −0.71 −0.81 −0.85 −0.85 −0.89 −0.91 −0.97 −1.02

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.20Total debt1.69Net cash (debt)−1.49Shareholders’ equity6.24Debt to equity0.27Fiscal year 2017Cash0.59Total debt0.56Net cash (debt)0.03Shareholders’ equity3.93Debt to equity0.14Fiscal year 2018Cash0.37Total debt0.50Net cash (debt)−0.14Shareholders’ equity6.81Debt to equity0.07Fiscal year 2019Cash0.63Total debt0.38Net cash (debt)0.25Shareholders’ equity6.98Debt to equity0.05Fiscal year 2020Cash1.73Total debt0.15Net cash (debt)1.59Shareholders’ equity7.24Debt to equity0.02Fiscal year 2021Cash1.46Total debt1.61Net cash (debt)−0.14Shareholders’ equity8.68Debt to equity0.19Fiscal year 2022Cash0.16Total debt0.35Net cash (debt)−0.19Shareholders’ equity10.17Debt to equity0.03Fiscal year 2023Cash0.14Total debt1.25Net cash (debt)−1.11Shareholders’ equity10.44Debt to equity0.12Fiscal year 2024Cash0.11Total debt0.98Net cash (debt)−0.87Shareholders’ equity12.46Debt to equity0.08Fiscal year 2025Cash0.06Total debt0.72Net cash (debt)−0.67Shareholders’ equity12.51Debt to equity0.06
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.20 0.59 0.37 0.63 1.73 1.46 0.16 0.14 0.11 0.06
Total debt 1.69 0.56 0.50 0.38 0.15 1.61 0.35 1.25 0.98 0.72
Net cash (debt) −1.49 0.03 −0.14 0.25 1.59 −0.14 −0.19 −1.11 −0.87 −0.67
Shareholders’ equity 6.24 3.93 6.81 6.98 7.24 8.68 10.17 10.44 12.46 12.51
Debt to equity 0.27 0.14 0.07 0.05 0.02 0.19 0.03 0.12 0.08 0.06

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
19.2% 22.2% 22.9% 23.2% 20.2% 15.5% 15.3% 17.6% 17.6% 14.6%
10.1% 13.0% 13.8% 10.3% 10.6% 14.0% 11.5% 11.4% 11.2% 10.3%
−57.7% −15.8% 12.3% 8.4% 10.1% 11.5% 3.3% 8.6% 7.3% 6.8%
5.1% 11.2% −11.6% −1.8% −11.5% 2.9% −1.3% −15.3% −8.5% −6.7%
Spending
26.5% 23.7% 24.4% 24.7% 24.8% 22.4% 22.9% 26.1% 29.9% 31.2%
48.9% 120.3% 32.4% 19.1% 11.2% 20.5% 69.5% 18.2% 25.1% 18.5%
Returns
−99.0% −43.9% 19.8% 13.1% 14.9% 14.8% 4.0% 10.6% 7.9% 8.2%
−14.3% −4.1% 3.4% 2.2% 2.4% 2.8% 0.9% 2.3% 1.9% 1.8%
Balance and payout
0.27 0.14 0.07 0.05 0.02 0.19 0.03 0.12 0.08 0.06
n/a n/a n/a n/a n/a n/a 76.9% 77.6% 73.6% 75.1%
n/a n/a 52.7% 89.3% 78.3% 66.2% 219.5% 82.2% 99.2% 99.6%
111.5% 52.3% n/a n/a n/a 262.0% n/a n/a n/a n/a