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NYSE · Utilities

Firstenergy Corp. (FE)

As-reported financials and SEC filings for Firstenergy Corp. The latest annual period is FY2025. The latest reported quarter is Q1 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Firstenergy Corp.

FirstEnergy Corp operates in the transmission, distribution, and generation of electricity, serving over six million customers primarily in the Midwest and Mid-Atlantic regions of the United States. Its main services include electric distribution through subsidiaries in Ohio, Pennsylvania, New Jersey, Maryland, West Virginia, and New York, as well as transmission operations across multiple states. The company also owns and operates regulated generation capacity, including solar and hydroelectric facilities, and provides corporate support services through its service company.

Snapshot

Revenue
$15.09B
Revenue growth (YoY)
12.0%
Net income
$1.02B
Diluted EPS
$1.76
Gross margin
—
Operating margin
14.6%
Net margin
6.8%
FCF margin
-6.7%
ROE
7.3%
net income / fiscal-year-end equity
P/E
24.7×
trailing when available, otherwise FY EPS
Market cap
$26.70B
Long-term debt / equity
1.83×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Firstenergy

  • Revenue grew 12.0% to $15.1B in FY2025, faster than the 4.7% the year before.
  • Operating margin is 14.6% in FY2025, -0.9 pp against 15.5% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $4.2B, up 11.6% from Q1 FY2025.
  • Free cash flow was negative $1.0B in FY2025.
  • Net income rose 4.3% to $1.0B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Firstenergy’s fundamentals sit among the 86 Utilities companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin14.6%
28th percentile of 77
Net margin6.8%
23rd percentile of 80
FCF margin-6.7%
51st percentile of 66
Revenue growth (YoY)+12.0%
67th percentile of 82
ROE7.3%
29th percentile of 81
P/E24.7×
82nd percentile of 74
Long-term debt / equity1.83×
87th percentile of 77
Short interest8.26d
92nd percentile of 86

Firstenergy’s long-term debt to equity of 1.83 ranks in the 87th percentile of the 77 Utilities companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+5 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
4
2 trimmed, 2 exited
Combined position
$292.4M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$148.2M3.1MReduced
AQR Capital ManagementquantQ2 2026$66.8M1.4MAdded
Renaissance TechnologiesquantQ2 2026$18.3M385.6KAdded
Bridgewater AssociatesQ2 2026$18.1M381.1KNew
Citadel AdvisorsquantQ2 2026$15.7M331.1KAdded
Gotham Asset ManagementQ2 2026$14.8M310.7KAdded
D. E. ShawquantQ2 2026$9.4M197.8KReduced
Soros Fund ManagementQ2 2026$995,77320.9KHeld

No longer held by: Point72 Asset Management (as of Q2 2026), Two Sigma Investments (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
31.9M
settled 2026-09-30
Change vs prior
+6.0%
vs previous settlement
Days to cover
8.26
at avg daily volume
Avg daily volume
3.9M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3031.9M+6.0%8.26
2026-09-1530.1M+3.4%6.74
2026-08-3129.1M+13.9%7.86
2026-08-1425.6M+2.5%6.14
2026-07-3124.9M-12.4%5.22
2026-07-1528.5M+8.1%6.89
2026-06-3026.3M+5.2%5.91
2026-06-1525.0M+7.1%5.26

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$15.09B$13.47B$12.87B$12.46B$11.11B
Gross profit—————
Operating income$2.21B$2.38B$2.27B$1.91B$1.73B
Pre-tax income$1.56B$1.50B$1.46B$1.44B$1.56B
Net income$1.02B$978.0M$1.10B$406.0M$1.28B
Diluted EPS$1.76$1.70$1.92$0.71$2.35

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$3.70B$2.89B$1.39B$2.68B$2.81B
Capital expenditure$4.71B$4.03B$3.36B$2.85B$2.49B
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$4.20B11.6%$405.0M$0.70
Q4 FY202519.6%
Q3 FY2025$4.15B11.2%$441.0M$0.76
Q2 FY2025$3.38B3.0%$268.0M$0.46
Q1 FY2025$3.77B14.5%$360.0M$0.62
Q4 FY20241.0%
Q3 FY2024$3.73B6.9%$419.0M$0.73
Q2 FY2024$3.28B9.1%$45.0M$0.08

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorUtilities
SIC industryElectric Services
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ1 FY2026 (ended March 31, 2026)
Oldest indexed filing2017
SEC CIK1031296

Selected SEC filings

10-K2026-02-18
View on EDGAR →
10-K2025-02-27
View on EDGAR →
10-Q2026-07-28
View on EDGAR →
10-Q2026-04-28
View on EDGAR →
10-Q2025-10-28
View on EDGAR →
10-Q2025-07-30
View on EDGAR →
8-K2026-07-28
View on EDGAR →
8-K2026-06-01
View on EDGAR →

Largest Utilities peers

All Utilities companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.