FENYSEElectric ServicesFiscal year ends December 31
FIRSTENERGY CORP
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 28, 2026
$45.25−0.94 (-2.04%)
Close on Oct 19, 2026
- Market cap
- $26.25B
- P/E (TTM)
- 24.6
- Dividend yield
- 3.89%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
14.6%−5.4 pts over 5 years
Net margin
6.8%−3.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.0% | +6.6% | +6.9% | +0.0% | |
| Operating income | -7.1% | +4.9% | +0.4% | -0.4% | |
| Net income | +4.3% | +35.9% | -1.1% | +5.8% | |
| EPS, diluted | +3.5% | +35.3% | -2.4% | +2.5% | |
| Dividend per share | +4.5% | +4.1% | +2.4% | +2.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -66.2% | 15.2% | 8.2% | |
| Return on assets | -13.0% | 2.5% | 1.9% | |
| Current ratio | 0.41 | 0.74 | 0.57 | |
| Debt to equity | 3.61 | 3.38 | 2.12 | |
| Net debt to EBITDA | 5.53× | 6.75× | – | |
| Interest coverage | 2.1× | 2.0× | 1.8× | |
| Capex to revenue | 26.5% | 24.6% | 31.2% | |
| Diluted shares | 426M | 543M | 578M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Firstenergy generated $13.47B from operations and spent $22.06B on capital expenditure, dividends and share buybacks. 79% of that went back into the business.
Generated
$13.47B
Used
$22.06B
Capital expenditure$17.43B79%Dividends$4.63B21%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.8%
×Asset turnover0.28×
×Equity multiplier4.32×
=Return on equity, FY20258.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.8% | 0.28× | 4.32× | 8.2% |
| FY2024 | 7.3% | 0.27× | 4.40× | 8.5% |
| FY2023 | 8.6% | 0.27× | 4.60× | 10.7% |
| FY2022 | 3.3% | 0.27× | 4.86× | 4.3% |
| FY2021 | 11.5% | 0.25× | 5.65× | 16.1% |
| FY2020 | 10.0% | 0.25× | 6.11× | 15.2% |
| FY2019 | 8.3% | 0.27× | 5.97× | 13.2% |
| FY2018 | 12.0% | 0.27× | 7.67× | 25.1% |
| FY2017 | -15.8% | 0.26× | 8.40× | -33.9% |
| FY2016 | -57.7% | 0.22× | 5.10× | -66.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.02B
- Cash generatingOperating cash flow above zero$3.70B
- Return on assets improvedROA up on the prior year2.0% → 2.0%
- Earnings backed by cashOperating cash flow above net income$3.70B vs $1.02B
- Less leverageLong-term debt to assets fell43.2% → 45.6%
- Better liquidityCurrent ratio rose0.56 → 0.57
- No dilutionShare count did not rise577M → 578M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.28 → 0.29