29 years of historical data (1997–2025) · Utilities · Regulated Electric
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
FirstEnergy Corp. trades at 29.1x earnings, roughly in line with its 5-year average of 28.9x, sitting at the 89th percentile of its historical range. Compared to the Utilities sector median P/E of 21.0x, the stock trades at a premium of 39%. On a free-cash-flow basis, the stock trades at 0.2x P/FCF, 99% below the 5-year average of 34.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $697M | $25.9B | $23.0B | $21.0B | $24.0B | $22.7B | $16.6B | $26.3B | $18.5B | $13.6B | $13.2B |
| Enterprise Value | $26.9B | $52.1B | $47.1B | $45.8B | $45.5B | $45.1B | $39.4B | $46.7B | $37.7B | $32.6B | $35.5B |
| P/E Ratio → | 29.07 | 25.44 | 23.40 | 19.09 | 59.07 | 17.70 | 15.38 | 28.93 | 18.87 | — | — |
| P/S Ratio | 0.05 | 1.71 | 1.70 | 1.64 | 1.93 | 2.04 | 1.54 | 2.39 | 1.65 | 0.97 | 0.91 |
| P/B Ratio | 2.12 | 1.86 | 1.67 | 1.93 | 2.25 | 2.62 | 2.30 | 3.78 | 2.72 | 3.46 | 2.11 |
| P/FCF | 0.19 | 6.99 | — | — | — | 62.04 | — | — | — | 14.06 | 43.40 |
| P/OCF | 0.19 | 6.99 | 7.94 | 15.17 | 8.94 | 8.08 | 11.68 | 10.68 | 13.16 | 3.57 | 3.91 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
FirstEnergy Corp.'s enterprise value stands at 6.1x EBITDA, 52% below its 5-year average of 12.6x. The Utilities sector median is 9.4x, placing the stock at a 35% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.45 | 3.50 | 3.56 | 3.65 | 4.05 | 3.65 | 4.23 | 3.35 | 2.32 | 2.44 |
| EV / EBITDA | 6.12 | 11.86 | 11.89 | 12.29 | 13.85 | 13.30 | 11.61 | 12.53 | 9.70 | 7.89 | 8.82 |
| EV / EBIT | 9.49 | 18.37 | 18.73 | 18.39 | 19.00 | 17.19 | 18.18 | 22.47 | 14.70 | 13.68 | 17.81 |
| EV / FCF | — | 14.07 | — | — | — | 123.22 | — | — | — | 33.66 | 116.93 |
Margins and return-on-capital ratios measuring operating efficiency
FirstEnergy Corp. earns an operating margin of 18.8%, below the Utilities sector average of 21.0%. Operating margins have expanded from 17.6% to 18.8% over the past 3 years, signaling improving operational efficiency. ROE of 9.2% is modest, trailing the sector median of 9.4%. ROIC of 5.4% represents adequate returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.3% | 65.3% | 67.5% | 63.9% | 63.1% | 69.1% | 71.5% | 69.0% | 67.6% | 53.5% | 46.8% |
| Operating Margin | 18.8% | 18.8% | 17.6% | 17.6% | 15.3% | 15.5% | 20.0% | 22.7% | 22.2% | 17.3% | 14.1% |
| Net Profit Margin | 8.4% | 8.4% | 7.3% | 8.6% | 3.3% | 11.5% | 10.0% | 8.3% | 12.0% | -12.3% | -42.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.2% | 9.2% | 7.9% | 10.2% | 4.2% | 16.1% | 15.2% | 13.2% | 25.1% | -33.9% | -66.2% |
| ROA | 2.4% | 2.4% | 1.9% | 2.3% | 0.9% | 2.9% | 2.5% | 2.2% | 3.3% | -4.0% | -13.0% |
| ROIC | 5.4% | 5.4% | 4.8% | 5.0% | 4.5% | 4.2% | 5.7% | 7.1% | 7.7% | 7.1% | 4.9% |
| ROCE | 7.6% | 7.6% | 5.3% | 5.3% | 4.6% | 4.3% | 5.6% | 6.9% | 6.8% | 6.5% | 5.0% |
Solvency and debt-coverage ratios — lower is generally safer
FirstEnergy Corp. carries a Debt/EBITDA ratio of 6.0x, which is highly leveraged (41% above the sector average of 4.2x). Net debt stands at $26.2B ($26.2B total debt minus $57M cash). Interest coverage of just 2.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.88 | 1.88 | 1.77 | 2.28 | 2.04 | 2.75 | 3.38 | 3.01 | 2.86 | 4.98 | 3.61 |
| Debt / EBITDA | 5.98 | 5.98 | 6.12 | 6.68 | 6.59 | 7.04 | 7.22 | 5.63 | 5.02 | 4.73 | 5.60 |
| Net Debt / Equity | — | 1.88 | 1.76 | 2.27 | 2.02 | 2.58 | 3.14 | 2.92 | 2.81 | 4.83 | 3.58 |
| Net Debt / EBITDA | 5.96 | 5.96 | 6.10 | 6.65 | 6.54 | 6.61 | 6.71 | 5.47 | 4.92 | 4.59 | 5.55 |
| Debt / FCF | — | 7.07 | — | — | — | 61.18 | — | — | — | 19.60 | 73.53 |
| Interest Coverage | 2.49 | 2.49 | 2.35 | 2.21 | 2.00 | 1.62 | 2.19 | 2.61 | 2.38 | 2.55 | 2.24 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.00x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.48x to 0.00x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.00 | 0.00 | 0.56 | 0.48 | 0.61 | 0.73 | 0.74 | 0.50 | 0.51 | 0.76 | 0.41 |
| Quick Ratio | 0.00 | 0.00 | 0.45 | 0.38 | 0.50 | 0.67 | 0.68 | 0.44 | 0.46 | 0.65 | 0.33 |
| Cash Ratio | 0.00 | 0.00 | 0.02 | 0.03 | 0.04 | 0.33 | 0.35 | 0.13 | 0.08 | 0.14 | 0.03 |
| Asset Turnover | — | 0.27 | 0.26 | 0.26 | 0.27 | 0.25 | 0.24 | 0.26 | 0.28 | 0.33 | 0.34 |
| Inventory Turnover | 7.97 | — | 7.97 | 9.07 | 10.91 | 13.25 | 9.68 | 12.19 | 14.47 | 7.39 | 6.88 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
FirstEnergy Corp. returns 3.4% to shareholders annually primarily through dividends. The payout ratio of 79.9% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 3.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.4% | 3.9% | 4.2% | 4.3% | 3.7% | 3.7% | 5.1% | 3.1% | 3.8% | 4.7% | 4.6% |
| Payout Ratio | 79.9% | 79.9% | 99.2% | 82.2% | 219.5% | 66.2% | 78.3% | 89.3% | 52.7% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 3.9% | 4.3% | 5.2% | 1.7% | 5.7% | 6.5% | 3.5% | 5.3% | — | — |
| FCF Yield | 100.0% | 14.3% | — | — | — | 1.6% | — | — | — | 7.1% | 2.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.4% | 3.9% | 4.2% | 4.3% | 3.7% | 3.7% | 5.1% | 3.1% | 3.8% | 4.7% | 4.6% |
| Shares Outstanding | — | $578M | $577M | $574M | $572M | $546M | $543M | $542M | $494M | $444M | $426M |
Compare FE with 4 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| FEYou | $697M | 29.1 | 6.1 | 0.2 | 65.3% | 18.8% | 9.2% | 5.4% | 6.0 |
| NGG | $93B | 23.6 | 16.3 | — | 77.4% | 26.8% | 8.6% | 4.6% | 6.7 |
| EXC | $50B | 18.1 | 11.3 | — | 45.9% | 21.2% | 9.9% | 5.1% | 5.7 |
| EIX | $33B | 6.5 | 3.5 | — | — | 36.7% | 26.6% | 13.9% | 0.3 |
| EDN | $529M | 5.2 | 6.1 | — | 19.3% | 2.1% | 19.9% | 1.9% | 2.4 |
| Utilities Median | — | 21.0 | 9.4 | 8.1 | 46.6% | 21.0% | 9.4% | 5.0% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 29 years · Updated daily
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Start ComparisonFirstEnergy Corp.'s current P/E ratio is 29.1x. The historical average is 21.5x. This places it at the 89th percentile of its historical range.
FirstEnergy Corp.'s current EV/EBITDA is 6.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.5x.
FirstEnergy Corp.'s return on equity (ROE) is 9.2%. The historical average is 6.0%.
Based on historical data, FirstEnergy Corp. is trading at a P/E of 29.1x. This is at the 89th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
FirstEnergy Corp.'s current dividend yield is 3.44% with a payout ratio of 79.9%.
FirstEnergy Corp. has 65.3% gross margin and 18.8% operating margin. Operating margin between 10-20% is typical for established companies.
FirstEnergy Corp.'s Debt/EBITDA ratio is 6.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.