— Know what they know.
/
Not Investment Advice

FE

NYSE · USD
FirstEnergy Corp.
Utilities · Regulated Electric
CEO Brian X. Tierney Employees 11,186 R&D / revenue 0.0%
Last price
$46.19+1.41%last session
Market cap
$26.7B
P/E (TTM)
24.6x
From 52w high
−11.8%
From 52w low
+8.2%
1-year return
−0.3%
RSI 14 · vs SMA200
64.2 · −2.4%
IS score
36.1/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

FE   SPY   XLU (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116FE 100XLU 92

Score DNA

Each bar is a 0-100 score within the scored universe
45
Profitability
37
Growth
53
Value
67
Momentum
15
Risk (safety)
56
Quality
19
Balance sheet
80
Earnings quality

Flags

Strengths
✓ FCF yield 5%+✓ Congress buying
Warnings
▲ Altman distress zone▲ Share count rising
Observations
Moat model: Weak, Cost AdvantagePiotroski 4 / 9Altman Z 0.8Beta 0.442 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
No open-market sales on file
Form 144 notices (12m): 1, $152,520 proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
2
Last disclosed purchase 2026-07-10
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+3
108 new holders, 95 closed
933 filers hold 90.2% · 416 added, 252 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+248
809 funds adding shares
561 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
45.5%
20-day avg 54.5%, 50-day avg 58.7%
Latest 9.0 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$15.1B
Revenue growth YoY+12.0%
Gross margin54.8%
Operating income$2.8B
Operating margin18.8%
Net income$1.0B
Net margin6.8%
EPS (diluted)$1.76
Cash flow
Operating cash flow$3.7B
Capital expenditure$4.7B
Free cash flow−$1.0B
FCF conversion (FCF / OCF)-27.2%
Stock-based compensation$0
FCF less SBC−$1.0B
Buybacks$0
Dividends$1.0B
Balance sheet & returns
Cash & short-term investments$99.0M
Total debt$26.8B
Net debt$26.7B
Shareholders' equity$13.9B
Goodwill & intangibles$5.6B
Debt / equity2.24
ROE (TTM)8.5%
ROIC (TTM)4.4%
Operating margin by fiscal year
15.5%FY202115.3%FY202217.6%FY202317.6%FY202418.8%FY2025
Revenue $11.1B (FY2021) to $15.1B (FY2025), a 7.9% CAGR.

Valuation

P/E (TTM)24.6x
EV / EBITDA12.8x
Price / sales1.69x
Price / FCF16.9x
FCF yield5.90%
Buyback yield0.00%
SBC / revenue-0.4%
Price / book2.06x
Forward P/E FY202616.9x
Forward P/E FY202715.7x
Forward P/E FY202814.5x
Forward multiples divide today's price by Street EPS estimates. Street mean target $50.75 across 4 analysts last quarter is theirs, not ours.

FE vs industry median

139 companies in Regulated Electric
Gross margin 53.4% 39.0% Operating margin 18.6% 19.1% Net margin 6.9% 13.0% ROIC 4.4% 5.7%
FE (TTM)Industry median Asset turnover 0.27 vs industry 0.24 · financial leverage 4.50

Earnings delivery

Next report 2026-10-27 · consensus EPS $0.91
67%
beat rate, 8 of 12 quarters
+1.9%
median EPS surprise
3
longest beat streak
+4+4+3-2+1-6-6+11+7+12-3+1
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-08-01 to 2026-04-28. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
FE FirstEnergy Corp. $26.7B24.6x8.5%6.9%+12.0% −0.3%
CNP CenterPoint Energy, Inc. $26.7B23.9x9.8%11.3%+7.1% +2.8%
PPL PPL Corporation $26.5B27.6x8.6%10.9%+6.7% −2.7%
DTE DTE Energy Company $27.0B20.4x11.1%8.5%+14.4% −7.5%
ES Eversource Energy $25.2B17.3x9.1%1.8%+7.8% −5.3%
AEE Ameren Corporation $29.4B18.5x12.0%15.0%+3.8% —
DTY DTE Energy Company $22.7B3.5x12.2%8.8%+25.4% —
CMS CMS Energy Corporation $21.5B20.3x11.3%6.6%+9.9% —
12-month window: SPY +15.9%, sector ETF XLU −8.1%. Past returns describe history only.

Recent 8-K filings

2026-07-28Earnings Release; Regulation FD; Exhibits
2026-06-01Regulation FD; Exhibits
2026-05-20Material Agreement; Shareholder Vote; Exhibits
2026-04-28Earnings Release; Regulation FD; Exhibits
2026-02-17Results of Operations and Financial Condition; Regulation FD Disclosure
2026-02-12Departure/Election of Directors; Appointment of Officers

Context

Shares outstanding578,639,932
Free float94.8%
Institutional ownership90.2%
Beta0.44
Dividend yield3.94%
Last dividend$0.47 on 2026-11-06
50 / 200-day average$45.64 / $47.44
Large-cap Utilities median P/E20.7x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where FE sits among 45 scored companies in Regulated Electric (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureFEIndustry medianIndustry percentileSector median
P/E (TTM) 24.6x 19.6x
91st		 20.7x
PEG (P/E ÷ 3-yr EPS CAGR) 0.75 1.94
23rd		 2.20
Price / sales 1.7x 2.4x
36th		 2.4x
Price / book 2.1x 1.8x
66th		 1.9x
Price / tangible book 3.8x 2.0x
100th		 2.1x
Price / free cash flow 16.9x 13.7x
58th		 34.3x
Price / operating cash flow 8.6x 9.1x
47th		 9.2x
Enterprise value $55.6B $51.2B
61st		 $25.7B
EV / sales 3.5x 3.9x
41st		 4.5x
EV / EBITDA 12.2x 11.6x
57th		 11.9x
EV / EBIT 19.0x 19.5x
45th		 19.6x
EV / free cash flow 35.3x 25.9x
68th		 35.3x
Earnings yield 4.1% 5.1%
9th		 4.8%
FCF yield 5.9% -1.8%
75th		 -4.2%
Operating cash flow yield 11.7% 10.7%
56th		 10.3%
Graham number (per share) $30.71 $56.02
14th		 $48.77

Profitability (TTM)

MeasureFEIndustry medianIndustry percentileSector median
Gross margin 53.4% 43.4%
64th		 43.4%
EBITDA margin 28.8% 40.2%
14th		 38.7%
Operating margin 18.6% 22.2%
18th		 20.9%
EBIT margin 18.5% 23.8%
16th		 23.2%
Net margin 6.9% 13.5%
7th		 12.4%
NOPAT margin 15.2% 19.3%
27th		 18.1%
FCF margin 10.0% -5.6%
73rd		 -7.6%
Operating cash flow margin 19.7% 29.1%
9th		 28.3%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 11.5% 3.8%
70th		 4.2%
Stock comp / revenue —
Effective tax rate 18.3% 13.7%
64th		 18.4%

Returns on capital

MeasureFEIndustry medianIndustry percentileSector median
ROE (on average equity) 8.4% 10.5%
9th		 9.5%
ROA 1.9% 2.7%
5th		 2.6%
ROIC 5.7% 5.5%
64th		 5.5%
ROCE 5.6% 5.3%
75th		 5.1%
Return on tangible assets 5.2% 4.9%
73rd		 4.7%
Cash ROIC (OCF / invested capital) 7.4% 8.6%
18th		 8.0%
Gross profitability (GP / assets) 14.5% 9.1%
80th		 8.6%
ROIC, 3-yr average 3.5% 4.4%
11th		 4.2%
ROIC, 5-yr average 3.3% 4.3%
9th		 4.2%
ROE, 5-yr average 8.5% 10.7%
23rd		 9.1%
Incremental ROIC 41.0% 21.9%
84th		 20.6%

Growth

MeasureFEIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 12.6% 8.0%
86th		 7.2%
Revenue growth (QoQ) -12.5% -16.9%
61st		 -16.9%
Revenue CAGR, 3 yr 7.1% 2.8%
91st		 3.0%
Revenue CAGR, 5 yr 7.7% 5.6%
79th		 6.3%
Gross profit CAGR, 3 yr 1.8% 8.0%
27th		 7.9%
Operating income CAGR, 3 yr 14.9% 10.5%
73rd		 9.4%
Net income growth (TTM YoY) -17.0% 8.5%
10th		 8.6%
Net income CAGR, 3 yr 33.3% 9.5%
91st		 8.8%
EPS growth (TTM YoY) -17.1% 2.3%
12th		 4.2%
EPS CAGR, 3 yr 33.0% 6.6%
93rd		 6.6%
EPS CAGR, 5 yr -1.3% 4.1%
15th		 4.0%
FCF growth (TTM YoY) —
FCF CAGR, 3 yr —
Operating cash flow CAGR, 3 yr 38.0% 17.7%
95th		 12.7%
Book value CAGR, 3 yr 6.9% 4.8%
64th		 4.7%
Dividend CAGR, 3 yr 1.3% 0.3%
72nd		 0.3%
Sustainable growth rate 0.4% 3.8%
5th		 3.7%

Margin history & stability

MeasureFEIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 62.2% 44.0%
93rd		 42.6%
Operating margin, 3-yr average 18.4% 21.9%
20th		 20.0%
Net margin, 3-yr average 7.6% 13.0%
9th		 12.5%
FCF margin, 3-yr average -1.5% -4.3%
59th		 -7.9%
Revenue stability (0-1) 0.96 0.75
91st		 0.75
Earnings stability (0-1) 0.00 0.43
9th		 0.51
Margin stability (0-1) 0.89 0.83
75th		 0.84

Liquidity (latest quarter)

MeasureFEIndustry medianIndustry percentileSector median
Cash & short-term investments $63.0M $241.0M
25th		 $215.5M
Net cash (− = net debt) −$28.9B −$24.6B
34th		 −$12.1B
Working capital −$2.7B −$794.4M
25th		 −$284.5M
Current ratio 0.54 0.80
14th		 0.82
Quick ratio 0.45 0.66
23rd		 0.69
Cash ratio (cash + ST investments / current liabilities) 0.01 0.07
16th		 0.08
Defensive interval (days) 137 days 286 days
17th		 314 days

Leverage & solvency (latest quarter)

MeasureFEIndustry medianIndustry percentileSector median
Total debt $29.0B $25.1B
64th		 $12.5B
Debt / equity 2.24 1.68
93rd		 1.61
Net debt / equity 2.24 1.67
93rd		 1.60
Debt / assets 49.8% 44.6%
98th		 43.4%
Debt / capital 69.1% 62.7%
93rd		 61.8%
Debt / EBITDA 6.36 5.59
86th		 5.59
Net debt / EBITDA 6.34 5.54
89th		 5.53
Interest coverage (EBIT / interest) 2.4x 2.4x
45th		 2.4x
Cash interest coverage 2.5x 3.1x
16th		 3.0x
Debt payback (years of OCF) 9.3 yrs 7.5 yrs
88th		 7.5 yrs
Liabilities / assets 75.2% 73.0%
73rd		 70.8%
IS credit model rating B- — —
Implied credit spread (bps) 900 750
75th		 750

Efficiency

MeasureFEIndustry medianIndustry percentileSector median
Asset turnover 0.28 0.21
84th		 0.20
Fixed asset turnover 0.32 0.27
79th		 0.27
Inventory turnover 12.8 6.7
70th		 8.7
Receivables turnover 12.8 8.7
91st		 8.4
Days sales outstanding 28 days 41 days
9th		 43 days
Days inventory outstanding 29 days 54 days
30th		 42 days
Days payables outstanding 98 days 77 days
70th		 75 days
Cash conversion cycle (days) −41 days 15 days
7th		 14 days
Capex / revenue 9.7% 33.3%
12th		 35.1%
Capex / depreciation 0.95 2.35
14th		 2.40
Operating expense ratio 45.9% 30.3%
64th		 30.7%

Cash flow & earnings quality

MeasureFEIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.87 2.19
84th		 2.20
FCF / net income 1.45 −0.32
84th		 −0.74
FCF / operating cash flow 50.6% -20.3%
83rd		 -33.3%
Capex / operating cash flow 49.4% 120.3%
17th		 133.3%
Accruals ratio -3.6% -3.3%
39th		 -3.2%
Sloan accruals ratio -3.9% -3.7%
43rd		 -3.7%
Earnings quality score (0-1) 1.00 1.00
16th		 1.00

Dividends & buybacks

MeasureFEIndustry medianIndustry percentileSector median
Dividend yield 3.9% 3.3%
84th		 3.3%
Dividend per share (TTM) $1.82 $2.56
27th		 $1.87
Payout ratio (dividends / net income) 95.8% 65.4%
100th		 63.9%
Dividends / FCF 65.9% 59.8%
61st		 65.6%
Dividend growth (YoY) 4.7% 3.9%
61st		 3.9%
Buyback yield 0.0% 0.0%
0th		 0.0%
Shareholder yield (dividends + buybacks) 3.9% 3.3%
68th		 3.3%
Share count change (YoY) 0.2% 2.2%
9th		 2.5%
Buybacks, last 5 years $0 $0
0th		 $0

Scores & forensic checks

MeasureFEIndustry medianIndustry percentileSector median
IS score 36 42
20th		 40
IS profitability 45 50
48th		 44
IS growth 37 49
18th		 50
IS value 53 58
11th		 56
IS momentum 67 77
18th		 78
IS risk (safety) 15 15
0th		 15
IS quality 56 66
9th		 64
IS balance sheet 19 25
0th		 28
IS earnings quality 80 79
64th		 79
IS cash flow 51 35
77th		 35
Piotroski F-score (0-9) 4 6
2nd		 6
Altman Z-score 0.8 0.8
41st		 0.9
Beneish M-score −2.72 −2.60
42nd		 −2.64
Ohlson O-score −6.79 −7.06
77th		 −7.04
IS credit score 22 27
7th		 29

Per share

MeasureFEIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $1.88 $3.90
16th		 $3.13
Book value per share $22.34 $34.68
14th		 $32.52
Tangible book per share $15.24 $34.58
9th		 $32.45
Revenue per share $27.33 $27.50
48th		 $24.86
FCF per share $2.73 −$1.01
75th		 −$1.64
Operating cash flow per share $5.39 $8.38
20th		 $7.00
Cash per share $0.11 $0.80
14th		 $0.83

Size (TTM)

MeasureFEIndustry medianIndustry percentileSector median
Market cap $26.7B $21.5B
64th		 $8.5B
Revenue $15.8B $12.5B
61st		 $5.4B
EBITDA $4.6B $4.3B
61st		 $2.7B
Net income $1.1B $1.3B
43rd		 $559.7M
Free cash flow $1.6B −$189.0M
73rd		 −$190.6M
Total assets $58.2B $56.2B
59th		 $34.0B
Shareholders' equity $12.9B $12.5B
52nd		 $5.1B
Employees 11,186 9,950
57th		 5,870

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-05Kaleta Paul J
Director
 Award / grant 986——20,554
2026-10-01Croom Jana T
Director
 Award / grant 986——16,146
2026-10-01Oneil James F
Director
 Award / grant 986——48,625
2026-10-01Hicks Lisa Winston
Director
 Award / grant 986——20,554
2026-10-01Demetriou Steven J.
Director
 Award / grant 986——31,656
2026-10-01Turner Leslie M
Director
 Award / grant 986——27,098
2026-10-01Somerhalder John W Ii
Director
 Award / grant 986$43.10$42,497162,137
2026-07-01Hicks Lisa Winston
Director
 Award / grant 898——19,372
2026-07-01Demetriou Steven J.
Director
 Award / grant 898——30,358
2026-07-01Croom Jana T
Director
 Award / grant 898——15,008
2026-07-01Turner Leslie M
Director
 Award / grant 898——25,850
2026-07-01Somerhalder John W Ii
Director
 Award / grant 898$47.30$42,475161,022

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprJulOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1413,188$84,972
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 1 notices · 3,000 shares · $152,520
FiledFilerShares proposedEst. proceeds
2026-03-06Lisowski Jason3,000$152,520
2025-05-22Lisowski Jason12,000$503,652
2024-09-12Walker Christine6,000$264,601
2023-11-27Walker Christine12,500$469,784
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 3 trades (2 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-07-10Dan NewhouseHousePurchase$1,001 - $15,0002026-07-20
2026-07-09Daniel Milton NewhouseHousePurchase$1,001 - $15,0002026-07-20
2026-01-29Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2024-06-20Ro KhannaHousePurchase$50,001 - $100,0002024-07-08
2017-08-31Robert CaseySenateSale (Partial)$1,001 - $15,0002018-05-15
2017-08-31Robert CaseySenateSale (Partial)$1,001 - $15,0002018-05-14
2016-08-16David PerdueSenateSale (Full)$1,001 - $15,0002016-09-01
2016-08-16David PerdueSenateSale (Full)$1,001 - $15,0002016-08-31
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
Capital World Investors77,819,842$3.7B13.45%
BlackRock, Inc.49,761,796$2.4B8.60%
STATE STREET CORP40,609,713$1.9B7.02%
VANGUARD CAPITAL MANAGEMENT LLC34,887,224$1.7B6.03%
VANGUARD PORTFOLIO MANAGEMENT LLC28,437,695$1.4B4.91%
Boston Partners17,720,916$843.9M3.06%
GEODE CAPITAL MANAGEMENT, LLC13,974,388$661.7M2.42%
Invesco Ltd.11,979,418$569.5M2.07%
Allspring Global Investments Holdings, LLC10,718,654$504.5M1.85%
FEDERATED HERMES, INC.9,796,988$465.7M1.69%
MORGAN STANLEY9,755,035$463.8M1.69%
PRICE T ROWE ASSOCIATES INC /MD/7,652,081$363.8M1.32%
GOLDMAN SACHS GROUP INC6,925,882$329.3M1.20%
BANK OF AMERICA CORP /DE/5,544,296$263.6M0.96%
Legal & General Group Plc4,444,267$211.3M0.77%

Institutional ownership by quarter

2023-092026-0690.2%
% of shares held by 13F filers
2023-092026-06933
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-3093390.2%10841625295
2026-03-3193090.3%12938923484
2025-12-3189989.4%14035123473
2025-09-3084688.5%11034123876
2025-06-3083186.4%10839819870
2025-03-3180384.5%9930226585
2024-12-3180285.7%12531324378
2024-09-3077483.5%11329422161
2024-06-3072983.5%9027322946
2024-03-3169483.7%8325122873
2023-12-3169182.4%11520724277
2023-09-3066381.5%7719027486

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-29SCHEDULE 13GVanguard Capital Management7.0%40,323,599
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-08-22SCHEDULE 13D/ABIP-V Securities II-B L.P.0.7%3,736,017
2025-08-22SCHEDULE 13D/ABlackstone Infrastructure Associates L.P.5.0%28,832,099
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.03%$756.6M
VTI0.03%$756.6M
VSMPX0.03%$756.6M
VTSAX0.03%$756.6M
VFFSX0.03%$592.6M
VOO0.03%$592.6M

Share structure

Shares outstanding578,639,932
Float548,267,122
Free float94.8%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$11.1B$12.5B$12.9B$13.5B$15.1B
Cost of revenue$3.4B$4.6B$4.6B$4.4B$6.8B
Gross profit$7.7B$7.9B$8.2B$9.1B$8.3B
R&D$0$0$0$0$0
SG&A−$382.0M−$72.0M$78.0M$0$0
Operating income$1.7B$1.9B$2.3B$2.4B$2.8B
EBITDA$4.3B$3.8B$4.0B$4.1B$4.4B
Pretax income$1.6B$1.4B$1.5B$1.5B$1.6B
Income tax$320.0M$1.0B$267.0M$377.0M$288.0M
Net income$1.3B$406.0M$1.1B$978.0M$1.0B
EPS, diluted$2.35$0.71$1.92$1.70$1.76
Diluted shares546.0M572.0M574.0M577.0M578.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$1.5B$160.0M$137.0M$111.0M$99.0M
Receivables$1.3B$1.6B$1.6B$1.8B$2.0B
Inventory$260.0M$421.0M$512.0M$549.0M$577.0M
Total current assets$3.2B$2.4B$2.6B$2.8B$3.0B
PP&E, net$34.7B$36.3B$38.4B$41.1B$44.7B
Goodwill & intangibles$5.6B$5.6B$5.6B$5.6B$5.6B
Total assets$45.4B$46.1B$48.8B$52.0B$55.9B
Accounts payable$943.0M$1.5B$1.4B$1.6B$2.0B
Total current liabilities$4.4B$4.0B$5.4B$5.0B$5.3B
Long-term debt$22.2B$21.2B$22.9B$22.5B$25.7B
Total liabilities$36.8B$35.5B$37.9B$38.3B$42.0B
Shareholders' equity$8.7B$10.6B$10.9B$13.7B$13.9B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.3B$439.0M$1.2B$1.1B$1.3B
Depreciation & amortization$1.7B$1.3B$1.3B$1.6B$1.6B
Stock-based compensation$0$0$0$0$0
Change in working capital$338.0M$204.0M−$395.0M−$395.0M$347.0M
Operating cash flow$2.8B$2.7B$1.4B$2.9B$3.7B
Capital expenditure−$2.4B−$2.8B−$3.4B−$4.0B−$4.7B
Free cash flow$366.0M−$73.0M−$2.0B−$1.1B−$1.0B
Investing cash flow−$2.6B−$3.1B−$3.7B−$4.3B−$5.1B
Net debt issued / repaid−$632.0M−$2.2B$3.3B−$885.0M$2.6B
Buybacks$0$0$0$0$0
Dividends paid−$849.0M−$891.0M−$906.0M−$970.0M−$1.0B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin69.1%63.1%63.9%67.5%54.8%
Operating margin15.5%15.3%17.6%17.6%18.8%
Net margin11.5%3.3%8.6%7.3%6.8%
FCF margin3.3%-0.8%-15.3%-8.5%16.8%
ROE16.1%4.3%10.7%8.5%8.2%
ROIC4.4%1.8%5.3%4.9%5.9%
ROA2.9%0.9%2.3%1.9%1.9%
Debt / equity2.752.132.391.952.16
Interest coverage2.5x2.5x2.4x2.5x2.5x
Current ratio0.730.610.480.560.57
Revenue growth+3.2%+11.9%+3.3%+4.7%+12.0%
EPS growth+17.6%−69.6%+170.3%−11.6%+4.0%
P/E at year end15.1x52.1x17.6x22.5x25.4x
EV / EBITDA at year end9.8x11.9x11.7x11.2x12.0x
FCF yield at year end1.89%-0.46%-10.17%-5.17%9.79%
Dividend payout66.2%219.5%82.2%99.2%99.6%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Regulated Distribution$9.7B—$11.0B$6.9B$7.5B
Electricity, US Regulated—$9.9B———
Regulated Transmission$1.6B—$2.1B$1.8B$1.9B
Electric Transmission—$1.9B———
Electric Worldwide Unregulated Revenue—$680.0M———

Street estimates by fiscal year

Next report 2026-10-27 · consensus EPS $0.91 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$15.8B$15.5B – $16.1B$2.74$2.72 – $2.78816.9x
2027$16.6B$16.1B – $17.6B$2.95$2.92 – $2.97915.7x
2028$17.5B$15.8B – $19.2B$3.19$3.16 – $3.25314.5x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-04-28$0.72$0.72+0.6%$3.8B$4.2B+10.5%
2026-02-17$0.54$0.53−2.6%$3.1B$3.8B+23.9%
2025-10-22$0.74$0.83+12.0%$3.9B$4.1B+6.7%
2025-07-30$0.49$0.52+6.9%$3.3B$3.4B+1.3%
2025-04-23$0.61$0.67+10.6%$3.5B$3.8B+6.8%
2025-02-26$0.71$0.67−5.5%$3.4B$3.2B−6.7%
2024-10-29$0.90$0.85−5.6%$4.0B$3.7B−6.9%
2024-07-30$0.56$0.56+0.5%$3.5B$3.3B−5.2%
2024-04-25$0.56$0.55−1.8%$3.2B$3.3B+2.0%
2024-02-08$0.60$0.62+3.3%$3.1B$3.1B+0.4%
2023-10-26$0.85$0.88+3.5%$3.5B$3.5B−1.7%
2023-08-01$0.45$0.47+4.4%$2.9B$3.0B+4.0%
2023-04-27$0.61$0.60−1.6%$3.0B$3.2B+6.1%
2023-02-13$0.53$0.50−5.7%$2.3B$3.2B+35.6%
2022-10-25$0.77$0.79+2.6%$3.1B$3.5B+11.8%
2022-07-26$0.53$0.530.0%$2.7B$2.8B+3.6%
2022-04-21$0.61$0.60−1.6%$2.8B$3.0B+6.0%
2022-02-10$0.52$0.51−1.9%$2.7B$2.7B−1.7%
2021-10-28$0.79$0.82+3.8%$3.1B$3.1B−0.1%
2021-07-22$0.59$0.590.0%$3.2B$2.6B−16.9%
2021-04-22$0.68$0.69+1.5%$3.0B$2.7B−8.8%
2021-02-18$0.47$0.32−31.9%$2.9B$2.5B−12.0%
2020-11-02$0.79$0.84+6.3%$294.4M$3.0B+926.6%
2020-07-23$0.54$0.57+5.6%$2.4B$2.5B+5.6%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.206-150.206-220.106-290.207-060.307-130.207-200.407-270.308-030.208-100.208-170.208-240.208-31
Week ofNotionalSharesTrades
2026-08-31$201.6M4,344,79073,927
2026-08-24$157.8M3,398,47670,244
2026-08-17$176.9M3,755,07975,736
2026-08-10$163.7M3,487,01965,321
2026-08-03$281.3M5,869,57597,949
2026-07-27$379.7M7,719,925138,922

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1545.5%
DateShort shareShort volumeTotal volume
2026-10-1545.5%746,2361,640,722
2026-10-1455.1%573,2901,040,620
2026-10-1365.2%683,5711,047,761
2026-10-1244.0%958,6402,177,521
2026-10-0947.8%584,3781,222,775
2026-10-0874.3%1,273,9421,715,664
2026-10-0774.1%1,765,2342,380,662
2026-10-0657.7%755,8331,309,797
2026-10-0565.2%862,8251,323,024
2026-10-0265.6%1,616,6542,464,453
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.0Jan-0.9Feb+2.2Mar+2.1Apr+0.1May-0.6Jun+0.1Jul+0.3Aug-0.7Sep+1.6Oct+0.5Nov+0.6Dec
MonthAvg returnUp yearsYears
Jan+1.0%50%20
Feb−0.9%45%20
Mar+2.2%81%21
Apr+2.1%70%20
May+0.1%55%20
Jun−0.6%50%20
Jul+0.1%70%20
Aug+0.3%50%20
Sep−0.7%55%20
Oct+1.6%75%20
Nov+0.5%60%20
Dec+0.6%45%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1464.2
MFI81.2
ADX25.3
Stochastic %K / %D90.4 / 89.1
Williams %R-4.4
CCI136
TSI / signal0.8 / -16.9
Chaikin money flow0.08
ATR$0.72
Bollinger width8.5%
Volume vs 20-day avg0.76x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$44.33 (+4.2%)
SMA 50$45.62 (+1.2%)
SMA 200$47.34 (−2.4%)
EMA 21$44.95 (+2.8%)
EMA 50$45.51 (+1.5%)
EMA 200$46.28 (−0.2%)
Bollinger upper$46.21 (−0.0%)
Bollinger lower$42.45 (+8.8%)
Parabolic SAR$44.40 (+4.0%)
Open the live chart, 110+ indicators

About FirstEnergy Corp.

FirstEnergy Corp. is an American utility company that, through its subsidiaries, provides comprehensive electricity services, encompassing generation, transmission, and distribution throughout the United States. Its operations are structured into Regulated Distribution and Regulated Transmission segments. The company leverages a diverse portfolio of power sources, operating facilities that produce electricity from coal, nuclear, hydroelectric, natural gas, wind, and solar technologies. Its vast infrastructure includes 24,074 circuit miles of overhead and underground transmission lines, complemented by an extensive electric distribution network featuring 273,295 miles of overhead pole lines and underground conduits for primary, secondary, and street lighting circuits. FirstEnergy serves approximately 6 million customers across six states: Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. The corporation was established in 1996 and is based in Akron, Ohio.

https://www.firstenergycorp.com

Key executives

NameTitlePayBorn
Brian X. TierneyCEO, President & Chairman$3.9M1968
K. Jon TaylorSenior Vice President of Strategy & Chief Financial Officer$1.7M1974
Allan Wade SmithPresident of FirstEnergy Utilities$1.4M1965
Hyun ParkSenior Vice President & Chief Legal Officer$1.4M1961
Toby L. ThomasChief Operating Officer$1.1M1971
Deandra Williams-LewisChief Ethics & Compliance Officer——
Jason J. LisowskiVice President, Controller & Chief Accounting Officer—1981
Karen SagotVice President of Investor Relations——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Brian X. Tierney Board Chair, President & CEO2025$1.5M$9.4M$2.4M$13.5M
K. Jon Taylor SVP, CFO & Strategy2025$878,365$2.6M$837,900$4.8M
A. Wade Smith President, FE Utilities2025$762,923$1.7M$646,912$3.2M
Hyun Park SVP & Chief Legal Officer2025$763,412$1.6M$611,667$3.1M
Toby L. Thomas Chief Operating Officer2025$627,462$1.2M$469,224$2.4M

Employees

12k201812k201912k202012k202112k202212k202312k202411k2025

Dividends

Ex-dateAmountPaid
2026-11-06$0.4652026-12-01
2026-08-07$0.4652026-09-01
2026-05-07$0.4652026-06-01
2026-02-06$0.4452026-03-01
2025-11-07$0.4452025-12-01
2025-08-07$0.4452025-09-01
2025-05-07$0.4452025-06-01
2025-02-07$0.4252025-03-01

Moat model

Weak · Cost Advantage · 2026-06-30
Cost advantage50
Intangibles43
Switching costs47
Network effect33
Efficient scale34
Our component scores (0-100) and overall 42.6; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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