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FirstEnergy Corp. (FE) 10-Year Financial Performance & Capital Metrics

FE • • Utilities
UtilitiesElectric UtilitiesWires-only electric transmission and distribution
AboutFirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities. It operates 24,074 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 273,295 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves approximately 6 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.Show more
  • Revenue $15.09B +12.0%
  • EBITDA $4.39B +10.7%
  • Net Income $1.27B +30.0%
  • Free Cash Flow $3.7B +424.8%
  • EBITDA Margin 29.08% -1.1%
  • Net Margin 8.42% +16.0%
  • ROE 9.19% +15.8%
  • Interest Coverage 2.49 +5.8%
  • Debt/Equity 1.88 +6.5%
  • Net Debt/EBITDA 5.96 -2.1%
  • CapEx / Revenue 0% -100.0%
  • CapEx Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Healthy dividend yield of 3.4%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗High leverage: 6.0x Debt/EBITDA

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.04%
5Y6.94%
3Y6.59%
TTM12.01%

Profit (Net Income) CAGR

10Y8.2%
5Y3.33%
3Y46.29%
TTM29.96%

EPS CAGR

10Y2.54%
5Y-2.43%
3Y35.34%
TTM3.07%

ROCE

10Y Avg5.79%
5Y Avg5.41%
3Y Avg6.05%
Latest7.61%

Peer Comparison

Wires-only electric transmission and distribution
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
FEFirstEnergy Corp.697.23M51.1629.0712.01%8.42%9.13%100%1.88
NGGNational Grid plc93.23B93.7723.63-7.42%12.72%12.58%1.26
EXCExelon Corporation49.96B49.4718.125.34%11.6%10.03%1.73
EIXEdison International32.5B74.746.479.76%24.34%26.74%0.20
EDNEmpresa Distribuidora y Comercializadora Norte Sociedad Anónima528.95M25.695.18191.42%11.45%15.03%0.32

Compare FE vs Peers

Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.

vs NGG

Compare head-to-head with National Grid plc

vs EXC

Compare head-to-head with Exelon Corporation

Compare Top 5

vs NGG, EXC, EIX, EDN

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue+14.56B14.02B11.26B11.04B10.79B11.13B12.46B12.87B13.47B15.09B
Revenue Growth %-3.09%-3.74%-19.66%-2.01%-2.22%3.17%11.92%3.3%4.68%12.01%
Cost of Revenue3.88B3.42B3.65B3.42B3.07B3.44B4.59B4.65B4.38B5.24B
Gross Profit+6.82B7.5B7.61B7.61B7.72B7.69B7.87B8.22B9.1B9.86B
Gross Margin %----------
Gross Profit Growth %-22.05%10.06%1.45%-0.04%1.43%-0.43%2.33%4.55%10.6%8.34%
Operating Expenses+4.76B5.08B5.11B5.1B5.56B5.96B5.96B5.96B6.72B12.88B
Other Operating Expenses----------
EBITDA+4.03B4.13B3.89B3.73B3.39B3.39B3.29B3.73B3.96B4.39B
EBITDA Margin %----------
EBITDA Growth %-2.19%2.48%-5.86%-4.09%-9.04%0%-3.1%13.46%6.33%10.72%
Depreciation & Amortization+1.97B1.7B1.38B1.22B1.23B1.66B1.38B1.46B1.59B1.55B
D&A / Revenue %----------
Operating Income (EBIT)+2.05B2.43B2.5B2.51B2.16B1.73B1.91B2.27B2.38B2.83B
Operating Margin %----------
Operating Income Growth %-10.38%18.21%3.05%0.32%-13.86%-20.17%10.66%18.64%4.81%19.28%
Interest Expense+918M953M1.05B962M988M1.06B955M1.03B1.01B1.14B
Interest Coverage2.24x2.55x2.38x2.61x2.19x1.62x2.00x2.21x2.35x2.49x
Interest / Revenue %----------
Non-Operating Income-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K
Pretax Income+-9.23B1.43B1.51B1.12B1.13B1.56B1.44B1.46B1.5B1.56B
Pretax Margin %----------
Income Tax+-3.06B1.72B490M213M126M320M1B267M377M288M
Effective Tax Rate %----------
Net Income+-6.18B-1.72B1.35B912M1.08B1.28B406M1.1B978M1.27B
Net Margin %----------
Net Income Growth %-1168.69%72.09%178.19%-32.34%18.31%18.91%-68.36%171.43%-11.25%29.96%
EPS (Diluted)+-14.49-3.881.991.681.992.350.711.921.701.76
EPS Growth %-1157.66%73.22%151.29%-15.58%18.45%18.09%-69.79%170.42%-11.46%3.53%
EPS (Basic)-14.49-3.881.991.701.992.350.711.921.701.77
Diluted Shares Outstanding426M444M494M542M543M546M572M574M577M578M

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets+43.15B42.26B40.06B42.3B44.46B45.43B46.11B48.77B52.04B55.9B
Asset Growth %-17.32%-2.07%-5.19%5.59%5.11%2.18%1.49%5.77%6.72%7.42%
PP&E (Net)+29.39B28.88B29.91B31.65B33.29B34.74B36.28B38.41B41.1B0
PP&E / Total Assets %----------
Total Current Assets+2.95B3.11B2.37B2.44B3.71B3.24B2.42B2.57B2.78B57M
Cash & Equivalents199M589M367M627M1.73B1.46B160M137M111M57M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K0
Inventory564M463M252M281M317M260M421M512M549M0
Other Current Assets316M853M87M85M67M49M46M335M283M0
Long-Term Investments3.03B3.18B1.3B569M605M655M622M663M652M641M
Goodwill5.62B5.62B5.62B5.62B5.62B5.62B5.62B5.62B5.62B5.62B
Intangible Assets00080M73M00000
Other Assets2.17B4.1B843M2.02B1.23B1.18B1.17B1.51B1.9B0
Total Liabilities36.91B38.33B33.25B35.33B37.23B36.76B35.47B37.85B38.32B41.98B
Total Debt+22.55B19.55B19.5B21B24.48B23.85B21.66B24.91B24.27B26.23B
Net Debt22.35B18.96B19.14B20.37B22.74B22.39B21.5B24.77B24.16B26.17B
Long-Term Debt18.19B18.69B17.75B19.62B22.13B22.25B21.2B22.89B22.5B0
Short-Term Borrowings4.36B858M1.75B1.36B2.33B1.59B451M2.02B1.53B26.23B
Capital Lease Obligations00015M14M13M6M0255M0
Total Current Liabilities+7.13B4.08B4.63B4.86B5B4.42B3.96B5.39B5B28.48B
Accounts Payable1.04B827M965M1B827M943M1.5B1.36B1.57B2B
Accrued Expenses00243M249M282M283M254M292M269M0
Deferred Revenue919M130M89M49M30M0223M227M233M250M
Other Current Liabilities1.14B1.9B1.14B1.68B697M715M630M545M367M0
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Liabilities6.91B12.23B8.27B7.95B6.97B6.66B6.1B5.05B5.03B7.46B
Total Equity+6.24B3.92B6.81B6.97B7.24B8.68B10.64B10.92B13.72B13.93B
Equity Growth %-49.76%-37.11%73.61%2.36%3.76%19.87%22.69%2.57%25.69%1.5%
Shareholders Equity6.24B3.92B6.81B6.97B7.24B8.68B10.17B10.44B12.46B12.51B
Minority Interest000000477M479M1.26B1.42B
Common Stock44M44M51M54M54M57M57M57M58M58M
Additional Paid-in Capital10.55B10B11.53B10.87B10.08B10.24B11.32B10.49B12.37B0
Retained Earnings-4.53B-6.26B-4.88B-3.97B-2.89B-1.6B-1.2B-97M43M35M
Accumulated OCI174M142M41M20M-5M-15M-14M-17M-14M-14M
Return on Assets (ROA)-12.96%-4.04%3.28%2.21%2.49%2.85%0.89%2.32%1.94%2.35%
Return on Equity (ROE)-66.19%-33.92%25.1%13.23%15.18%16.13%4.2%10.22%7.94%9.19%
Debt / Equity3.61x4.98x2.86x3.01x3.38x2.75x2.04x2.28x1.77x1.88x
Debt / Assets52.27%46.25%48.68%49.64%55.05%52.5%46.98%51.08%46.63%46.92%
Net Debt / EBITDA5.55x4.59x4.92x5.47x6.71x6.61x6.54x6.65x6.10x5.96x
Book Value per Share14.658.8413.7912.8713.3315.8918.6119.0223.7824.09

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operations+3.37B3.81B1.41B2.47B1.42B2.81B2.68B1.39B2.89B3.7B
Operating CF Growth %-2.2%12.96%-62.97%74.96%-42.32%97.54%-4.55%-48.3%108.44%27.98%
Operating CF / Revenue %----------
Net Income-6.18B-1.72B1.35B912M1.08B1.28B439M1.18B1.13B1.27B
Depreciation & Amortization1.97B1.7B1.38B1.22B1.2B1.66B1.32B1.28B1.59B1.61B
Deferred Taxes-3.06B839M485M252M113M297M989M252M316M0
Other Non-Cash Items10.6B2.95B-1.52B-36M-936M-771M-266M-926M255M475M
Working Capital Changes50M41M-285M122M-32M338M204M-395M-395M347M
Capital Expenditures+-3.07B-2.84B-2.67B-2.67B-2.66B-2.44B-2.76B-3.36B-4.03B-4.71B
CapEx / Revenue %----------
CapEx / D&A----------
CapEx Coverage (OCF/CapEx)----------
Cash from Investing+-3.28B-2.72B-3.02B-2.87B-2.91B-2.56B-3.08B-3.65B-4.35B-5.07B
Acquisitions15M388M425M47M2M155M2.34B000
Purchase of Investments-1.79B-2.27B-963M-1.68B-208M-59M-59M-50M-134M-114M
Sale of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Investing-103M223M-289M-217M-231M-258M-2.65B-284M-307M-5.05B
Cash from Financing+-22M-702M1.39B656M2.61B-542M-912M2.24B1.43B1.31B
Dividends Paid-611M-639M-772M-820M-845M-849M-891M-906M-970M-1.02B
Dividend Payout Ratio %--52.74%89.25%78.31%66.17%219.46%82.21%99.18%79.94%
Debt Issuance (Net)-1000K1000K-1000K1000K1000K-1000K-1000K1000K-1000K1000K
Stock Issued00850M001B0000
Share Repurchases0000000000
Other Financing-43M-72M-116M-35M-59M-61M2.18B-144M3.29B-245M
Net Change in Cash+68M390M-214M250M1.12B-290M-1.3B-27M-25M-55M
Exchange Rate Effect0000000000
Cash at Beginning131M199M643M429M679M1.8B1.51B206M179M154M
Cash at End199M589M429M679M1.8B1.51B206M179M154M99M
Free Cash Flow+304M967M-1.26B-198M-1.23B366M-73M-1.97B-1.14B3.7B
FCF Growth %-45.03%218.09%-230.82%84.35%-523.23%129.66%-119.95%-2597.26%42.15%424.85%
FCF Margin %----------
FCF / Net Income %----------

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-66.19%-33.92%25.1%13.23%15.18%16.13%4.2%10.22%7.94%9.19%
EBITDA Margin27.66%29.45%34.51%33.77%31.42%30.45%26.37%28.96%29.42%29.08%
Net Debt / EBITDA5.55x4.59x4.92x5.47x6.71x6.61x6.54x6.65x6.10x5.96x
Interest Coverage2.24x2.55x2.38x2.61x2.19x1.62x2.00x2.21x2.35x2.49x
CapEx / Revenue21.06%20.27%23.75%24.15%24.62%21.96%22.12%26.08%29.91%0%
Dividend Payout Ratio--52.74%89.25%78.31%66.17%219.46%82.21%99.18%79.94%
Debt / Equity3.61x4.98x2.86x3.01x3.38x2.75x2.04x2.28x1.77x1.88x
EPS Growth-1157.66%73.22%151.29%-15.58%18.45%18.09%-69.79%170.42%-11.46%3.53%

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