FE

MKT CAP:$29B

FirstEnergy Corp.

Market Cap

$29B

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Utilities·Regulated Electric·🇺🇸·NYSE

Stock Price

$49.49+$4.23 (+9.35%)

Apr 24, 2026

Company Details

FirstEnergy 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, n...

CEO

Brian X. Tierney

IPO Date

Nov 10, 1997

Website

www.firstenergycorp.com

Key Metrics TTM

Revenue

$12.6B

+15.2% YoY

Net Income

$1.1B

EPS (Diluted)

$2.04

Free Cash Flow

$50M

Revenue / Share

$21.75

Gross Margin

54.5%

Operating Margin

16.0%

Net Margin

9.0%

FCF Margin

0.4%

P/S

2.3x

P/E

25.4x

Earnings Reports

Q1 2026

Apr 28, 2026

PENDING

Q4 2025

Feb 18, 2026

$3.8BEPS -$0.08

Q1 2022

Apr 21, 2022

$3.0B+9.6%EPS $0.50

FY 2021

Feb 16, 2022

$11.1B+3.2%EPS $2.35

Q4 2021

Feb 16, 2022

$2.7B+4.8%EPS $0.78

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 18	$3.1B	$2.1B	$710M
Q4 18	$2.7B	$1.9B	$512M
Q1 19	$2.9B	$2.0B	$629M
Q2 19	$2.5B	$1.8B	$585M
Q3 19	$3.0B	$2.0B	$681M
Q4 19	$2.7B	$1.8B	$615M
Q1 20	$2.7B	$1.9B	$532M
Q2 20	$2.5B	$1.8B	$515M
Q3 20	$3.0B	$2.2B	$721M
Q4 20	$2.5B	$1.8B	$394M
Q1 21	$2.7B	$1.9B	$559M
Q2 21	$2.6B	$1.9B	$312M
Q3 21	$3.1B	$2.1B	$631M
Q4 21	$2.7B	$1.8B	$224M
Q1 22	$3.0B	$2.0B	$559M
Q4 25	$3.8B	$975M	$603M

Valuation

Quarter	P/S	P/E
Q3 18	1.6x	—
Q4 18	1.7x	14.8x
Q1 19	1.9x	73.8x
Q2 19	2.1x	73.7x
Q3 19	2.4x	22.5x
Q4 19	2.4x	28.8x
Q1 20	2.0x	32.9x
Q2 20	1.9x	31.1x
Q3 20	1.4x	21.2x
Q4 20	1.5x	14.9x
Q1 21	1.8x	14.2x
Q2 21	1.9x	19.0x
Q3 21	1.8x	18.2x
Q4 21	2.1x	18.3x
Q1 22	2.3x	20.8x
Q4 25	2.1x	23.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 18	$846M	$211M
Q4 18	$852M	$119M
Q1 19	-$182M	-$736M
Q2 19	$807M	$133M
Q3 19	$1.1B	$428M
Q4 19	$730M	-$23M
Q1 20	-$560M	-$1.2B
Q2 20	$710M	$34M
Q3 20	$701M	$14M
Q4 20	$572M	-$106M
Q1 21	$533M	-$71M
Q2 21	$814M	$192M
Q3 21	$757M	$215M
Q4 21	$707M	$30M
Q1 22	$355M	-$165M
Q4 25	$1.1B	-$30M

Capital Expenditures

Quarter	CapEx
Q3 18	$635M
Q4 18	$733M
Q1 19	$554M
Q2 19	$674M
Q3 19	$684M
Q4 19	$753M
Q1 20	$616M
Q2 20	$676M
Q3 20	$687M
Q4 20	$678M
Q1 21	$604M
Q2 21	$622M
Q3 21	$542M
Q4 21	$677M
Q1 22	$520M
Q4 25	$1.2B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 18	-17.5%	-21.0%
Q4 18	-21.3%	-58.3%
Q1 19	-3.1%	-5.9%
Q2 19	-7.0%	-3.6%
Q3 19	-3.3%	-3.1%
Q4 19	-1.4%	-6.4%
Q1 20	-6.0%	-3.4%
Q2 20	+0.2%	+3.9%
Q3 20	+2.0%	+0.8%
Q4 20	-5.1%	+4.1%
Q1 21	+0.6%	-0.5%
Q2 21	+4.0%	+15.1%
Q3 21	+3.4%	+8.3%
Q4 21	+4.8%	+13.7%
Q1 22	+9.6%	+12.1%
Q4 25	+44.8%	+38.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 18	$0	0.0%
Q4 18	$0	0.0%
Q1 19	$0	0.0%
Q2 19	$0	0.0%
Q3 19	$0	0.0%
Q4 19	$0	0.0%
Q1 20	$0	0.0%
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q4 18	$144M
Q1 20	$423M
Q4 20	$54M

Revenue Segments

Quarter	Regulated Distribution	Regulated Transmission
Q3 18	$2.8B	$346M
Q1 19	$2.6B	$356M
Q2 19	$2.2B	$372M
Q3 19	$2.6B	$375M
Q1 20	$2.4B	$401M
Q2 20	$2.2B	$384M
Q3 20	$2.7B	$413M
Q4 20	$2.2B	$432M
Q1 21	$2.4B	$405M
Q2 21	$2.3B	$419M
Q3 21	$2.8B	$415M
Q4 21	$2.3B	$379M
Q1 22	$2.6B	$453M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$283M	$0	$283M
Q2 22	$478M	$0	$478M
Q3 22	$251M	$0	$251M
Q4 22	$160M	$0	$160M
Q1 23	$177M	$0	$177M
Q2 23	$171M	$0	$171M
Q3 23	$118M	$0	$118M
Q4 23	$137M	$0	$137M
Q1 24	$888M	$0	$888M
Q2 24	$60M	$0	$60M
Q3 24	$439M	$0	$439M
Q4 24	$111M	$0	$111M
Q1 25	$132M	$0	$132M
Q2 25	$569M	$0	$569M
Q3 25	$1.4B	$0	$1.4B
Q4 25	$99M	$0	$99M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 18	505M	+5.4%	+13.2%
Q4 18	515M	+2.0%	+16.0%
Q1 19	533M	+3.5%	+11.5%
Q2 19	533M	0.0%	+11.3%
Q3 19	542M	+1.7%	+7.3%
Q4 19	545M	+0.6%	+5.8%
Q1 20	543M	-0.4%	+1.9%
Q2 20	543M	0.0%	+1.9%
Q3 20	543M	0.0%	+0.2%
Q4 20	543M	0.0%	-0.4%
Q1 21	544M	+0.2%	+0.2%
Q2 21	545M	+0.2%	+0.4%
Q3 21	545M	0.0%	+0.4%
Q4 21	549M	+0.7%	+1.1%
Q1 22	571M	+4.0%	+5.0%
Q4 25	578M	+1.2%	+6.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 18	$196.2K	16K
Q4 18	$216.9K	12K
Q1 19	$230.8K	12K
Q2 19	$201.4K	12K
Q3 19	$237.2K	12K
Q4 19	$217.0K	12K
Q1 20	$220.0K	12K
Q2 20	$204.8K	12K
Q3 20	$245.4K	12K
Q4 20	$208.8K	12K
Q1 21	$224.3K	12K
Q2 21	$215.7K	12K
Q3 21	$257.1K	12K
Q4 21	$214.6K	12K
Q1 22	$241.1K	12K
Q4 25	$339.4K	11K

Revenue / Employee