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FirstEnergy (FE) Financials

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$41.50 +0.31 (+0.75%)
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Annual Income Statements for FirstEnergy

Annual Income Statements for FirstEnergy

This table shows FirstEnergy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
978 1,102 406 1,283 1,079 908 981 -1,724 -6,177 578
Consolidated Net Income / (Loss)
1,127 1,176 439 1,283 1,079 912 1,348 -1,724 -6,177 578
Net Income / (Loss) Continuing Operations
1,127 1,197 439 1,239 1,003 904 1,022 -289 551 578
Total Pre-Tax Income
1,504 1,464 1,439 1,559 1,129 1,117 1,512 1,426 1,078 893
Total Operating Income
2,375 2,266 1,910 1,726 2,162 2,510 2,502 2,428 2,054 2,292
Total Gross Profit
9,096 8,224 7,866 7,687 7,720 10,538 10,723 10,431 6,819 8,748
Total Revenue
13,472 12,870 12,459 11,132 10,790 11,035 11,261 10,928 10,700 15,026
Operating Revenue
13,472 12,870 12,459 11,132 10,790 11,035 11,261 10,928 10,700 15,026
Total Cost of Revenue
4,376 4,646 4,593 3,445 3,070 497 538 497 3,881 6,278
Operating Cost of Revenue
4,376 4,646 4,593 3,445 3,070 497 538 497 3,881 6,278
Total Operating Expenses
6,721 5,958 5,956 5,961 5,558 8,028 8,221 8,003 4,765 6,456
Selling, General & Admin Expense
4,159 3,594 3,817 3,196 3,291 5,879 6,242 5,728 2,579 3,740
Depreciation Expense
1,581 1,461 1,375 1,302 1,274 1,220 1,136 1,027 933 1,282
Other Operating Expenses / (Income)
981 1,164 764 1,073 1,046 1,008 843 940 913 1,220
Total Other Income / (Expense), net
-871 -802 -471 -167 -1,033 -1,393 -990 -1,002 -976 -1,399
Interest Expense
1,096 1,063 1,126 1,066 988 962 1,051 953 918 1,015
Interest & Investment Income
58 175 168 31 2.00 243 205 53 44 -22
Other Income / (Expense), net
167 86 487 868 -47 -674 -144 -102 -102 -362
Income Tax Expense
377 267 1,000 320 126 213 490 1,715 527 315
Net Income / (Loss) Attributable to Noncontrolling Interest
149 74 33 0.00 0.00 4.00 367 0.00 0.00 -
Basic Earnings per Share
$1.70 $1.92 $0.71 $2.35 $1.99 $1.70 $1.99 ($3.88) ($14.49) $1.37
Weighted Average Basic Shares Outstanding
575M 573M 571M 545M 542M 535M 492M 444M 426M 422M
Diluted Earnings per Share
$1.70 $1.92 $0.71 $2.35 $1.99 $1.68 $1.99 ($3.88) ($14.49) $1.37
Weighted Average Diluted Shares Outstanding
577M 574M 572M 546M 543M 542M 494M 444M 426M 424M
Weighted Average Basic & Diluted Shares Outstanding
576.70M 574.44M 572.25M 570.34M 543.22M 540.71M 493M 444.30M 426.30M 421.90M
Cash Dividends to Common per Share
$1.69 $1.58 $1.56 $1.56 $1.56 $1.52 $1.44 $1.44 $1.44 $1.44

Quarterly Income Statements for FirstEnergy

This table shows FirstEnergy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
360 261 419 45 253 175 400 235 292 -403 334
Consolidated Net Income / (Loss)
414 296 466 98 267 192 420 254 310 -385 344
Net Income / (Loss) Continuing Operations
414 296 466 98 267 192 441 254 310 -385 344
Total Pre-Tax Income
540 379 560 163 402 266 470 328 400 378 449
Total Operating Income
754 613 727 423 612 568 666 481 551 399 505
Total Gross Profit
2,528 2,171 2,504 2,275 2,146 2,112 2,166 1,972 1,974 1,909 2,157
Total Revenue
3,765 3,176 3,729 3,280 3,287 3,146 3,487 3,006 3,231 3,177 3,475
Operating Revenue
3,765 3,176 3,729 3,280 3,287 3,146 3,487 3,006 3,231 3,177 3,475
Total Cost of Revenue
1,237 1,005 1,225 1,005 1,141 1,034 1,321 1,034 1,257 1,268 1,318
Operating Cost of Revenue
1,237 1,005 1,225 1,005 1,141 1,034 1,321 1,034 1,257 1,268 1,318
Total Operating Expenses
1,774 1,558 1,777 1,852 1,534 1,544 1,500 1,491 1,423 1,510 1,652
Selling, General & Admin Expense
1,034 884 1,099 1,170 1,006 896 967 885 846 990 1,111
Depreciation Expense
411 403 400 397 381 373 366 361 361 355 332
Other Operating Expenses / (Income)
329 271 278 285 147 536 167 245 216 -1.00 209
Total Other Income / (Expense), net
-214 -234 -167 -260 -210 -302 -196 -153 -151 -21 -56
Interest Expense
250 239 241 341 275 268 263 290 242 242 224
Interest & Investment Income
0.00 -6.00 21 22 21 41 43 35 56 34 57
Other Income / (Expense), net
36 11 53 59 44 -75 24 102 35 187 111
Income Tax Expense
126 83 94 65 135 74 29 74 90 763 105
Net Income / (Loss) Attributable to Noncontrolling Interest
54 35 47 53 14 17 20 19 18 18 10
Basic Earnings per Share
$0.62 $0.45 $0.73 $0.08 $0.44 $0.30 $0.70 $0.41 $0.51 ($0.71) $0.58
Weighted Average Basic Shares Outstanding
577M 575M 576M 575M 574M 573M 573M 573M 572M 571M 571M
Diluted Earnings per Share
$0.62 $0.45 $0.73 $0.08 $0.44 $0.31 $0.69 $0.41 $0.51 ($0.70) $0.58
Weighted Average Diluted Shares Outstanding
578M 577M 577M 576M 576M 574M 574M 574M 573M 572M 572M
Weighted Average Basic & Diluted Shares Outstanding
590.78M 576.70M 576.32M 575.92M 575.52M 574.44M 573.81M 573.36M 572.84M 572.25M 571.75M
Cash Dividends to Common per Share
$0.45 - - - $0.43 - - - $0.39 - $0.39

Annual Cash Flow Statements for FirstEnergy

This table details how cash moves in and out of FirstEnergy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
-25 -27 -1,305 -290 1,122 250 -214 383 47 46
Net Cash From Operating Activities
2,891 1,387 2,683 2,811 1,423 2,467 1,410 3,808 3,383 3,460
Net Cash From Continuing Operating Activities
2,891 1,387 2,683 2,811 1,423 2,467 1,410 3,808 3,383 3,460
Net Income / (Loss) Continuing Operations
1,127 1,176 439 1,283 1,003 912 1,348 -1,724 -6,177 578
Consolidated Net Income / (Loss)
1,127 1,176 439 1,283 1,079 912 1,348 -1,724 -6,177 578
Depreciation Expense
1,588 1,280 1,317 1,664 1,199 1,217 1,384 1,700 1,974 1,826
Non-Cash Adjustments To Reconcile Net Income
244 -140 -321 -704 -834 734 -386 2,609 10,889 556
Changes in Operating Assets and Liabilities, net
-68 -929 1,248 568 55 -396 -936 1,223 -3,303 452
Net Cash From Investing Activities
-4,350 -3,652 -3,076 -2,559 -2,908 -2,873 -3,018 -2,723 -3,302 -3,122
Net Cash From Continuing Investing Activities
-4,350 -3,652 -3,076 -2,559 -2,908 -2,873 -3,018 -2,723 -3,302 -3,122
Purchase of Property, Plant & Equipment
-4,030 -3,356 -2,848 -2,487 -2,657 -2,665 -2,675 -2,587 -2,835 -2,704
Purchase of Investments
-134 -50 -59 -59 -208 -1,675 -1,463 -2,268 -1,789 -1,648
Sale and/or Maturity of Investments
121 38 48 48 186 1,637 909 2,170 1,678 1,534
Other Investing Activities, net
-307 -284 -217 -216 -229 -170 -214 -426 -371 -324
Net Cash From Financing Activities
1,434 2,238 -912 -542 2,607 656 1,394 -702 -34 -292
Net Cash From Continuing Financing Activities
1,434 2,238 -912 -542 2,607 656 1,394 -702 -34 -292
Repayment of Debt
-3,110 -609 -3,157 -2,793 -1,173 -824 -2,724 -4,738 -2,374 -996
Payment of Dividends
-1,056 -978 -912 -849 -845 -820 -772 -639 -611 -607
Issuance of Debt
2,100 3,825 800 2,100 4,625 2,300 2,424 4,675 2,951 1,311
Issuance of Common Equity
0.00 0.00 9.00 1,000 0.00 0.00 850 0.00 0.00 -
Other Financing Activities, net
3,500 0.00 2,348 0.00 0.00 - - - - -
Cash Interest Paid
1,062 1,002 1,021 1,085 970 960 1,071 1,039 1,050 1,028
Cash Income Taxes Paid
161 58 21 -7.00 6.00 12 49 53 -16 37

Quarterly Cash Flow Statements for FirstEnergy

This table details how cash moves in and out of FirstEnergy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
9.00 -311 362 -812 736 35 -70 8.00 0.00 -71 -255
Net Cash From Operating Activities
637 1,044 775 1,112 -40 958 642 -101 -112 846 554
Net Cash From Continuing Operating Activities
637 1,044 775 1,112 -40 958 642 -101 -112 846 554
Net Income / (Loss) Continuing Operations
414 296 466 98 267 192 420 254 310 -385 344
Consolidated Net Income / (Loss)
414 296 466 98 267 192 420 254 310 -385 344
Depreciation Expense
408 391 434 487 276 387 236 370 287 274 348
Non-Cash Adjustments To Reconcile Net Income
25 255 5.00 -27 11 34 -13 -131 -30 -127 -29
Changes in Operating Assets and Liabilities, net
-210 102 -130 554 -594 345 -1.00 -594 -679 1,084 -109
Net Cash From Investing Activities
-1,093 -1,389 -1,085 -1,006 -870 -1,179 -926 -831 -716 -1,073 -722
Net Cash From Continuing Investing Activities
-1,093 -1,389 -1,085 -1,006 -870 -1,179 -926 -831 -716 -1,073 -722
Purchase of Property, Plant & Equipment
-1,005 -1,294 -1,004 -942 -790 -1,090 -848 -769 -649 -996 -666
Purchase of Investments
-30 -20 -90 -8.00 -16 -13 -13 -20 -4.00 -19 -18
Sale and/or Maturity of Investments
27 17 87 4.00 13 10 10 17 1.00 17 15
Other Investing Activities, net
-85 -92 -78 -60 -77 -86 -75 -59 -64 -75 -53
Net Cash From Financing Activities
465 34 672 -918 1,646 256 214 940 828 156 -87
Net Cash From Continuing Financing Activities
465 34 672 -918 1,646 256 214 940 828 156 -87
Repayment of Debt
-351 -586 -1,027 -936 -561 -4.00 -23 -250 -332 -114 -159
Payment of Dividends
-269 -280 -281 -252 -243 -245 -233 -260 -240 -230 -237
Issuance of Debt
1,085 900 780 270 150 505 470 1,450 1,400 500 300
Other Financing Activities, net
0.00 - 1,200 - 2,300 - - - 0.00 - -

Annual Balance Sheets for FirstEnergy

This table presents FirstEnergy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
52,044 48,767 46,108 45,432 44,464 42,301 40,063 42,257 43,148 52,094
Total Current Assets
2,776 2,568 2,415 3,237 3,714 2,444 2,392 3,110 2,950 3,040
Cash & Equivalents
111 137 160 1,462 1,734 627 367 588 199 131
Restricted Cash
43 42 46 49 67 52 62 51 176 70
Accounts Receivable
1,833 1,584 1,571 1,279 1,439 1,322 1,491 1,452 1,615 1,595
Inventories, net
549 512 421 260 317 281 252 236 564 785
Other Current Assets
240 293 217 187 - - 20 - 140 324
Plant, Property, & Equipment, net
41,102 38,412 36,285 34,744 33,294 31,650 29,911 28,101 29,387 37,214
Plant, Property & Equipment, gross
55,650 52,223 49,543 47,416 45,277 43,077 40,704 38,112 45,118 52,374
Accumulated Depreciation
14,548 13,811 13,258 12,672 11,938 11,427 10,793 10,011 15,731 15,160
Total Noncurrent Assets
8,166 7,787 7,408 7,451 7,411 8,207 7,760 11,046 10,811 11,840
Long-Term Investments
652 663 622 655 605 1,181 253 2,130 512 506
Goodwill
5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 6,418
Other Noncurrent Operating Assets
1,896 1,506 1,168 1,178 1,188 1,408 1,889 3,298 4,681 4,916
Total Liabilities & Shareholders' Equity
52,044 48,767 46,108 45,432 44,464 42,301 40,063 42,257 43,148 52,094
Total Liabilities
38,324 37,851 35,465 36,757 37,227 35,326 33,249 38,332 36,907 39,672
Total Current Liabilities
4,997 5,386 3,958 4,416 5,004 4,862 4,634 4,113 7,126 5,602
Short-Term Debt
1,527 2,025 451 1,606 2,346 1,380 1,753 858 4,360 2,874
Accounts Payable
1,575 1,362 1,503 943 827 918 965 827 1,043 1,075
Customer Deposits
233 227 223 214 - - - - - -
Dividends Payable
245 235 223 222 212 - - - - -
Current Deferred & Payable Income Tax Liabilities
727 700 668 647 640 545 533 533 580 519
Current Employee Benefit Liabilities
205 304 272 313 349 258 318 257 363 334
Other Current Liabilities
216 241 364 188 348 1,512 822 660 780 800
Other Current Nonoperating Liabilities
269 292 254 283 282 249 243 978 - -
Total Noncurrent Liabilities
33,327 32,465 31,507 32,341 32,223 30,464 28,615 34,219 29,781 34,070
Long-Term Debt
22,496 22,885 21,203 22,248 22,131 19,618 17,751 18,687 18,192 19,099
Asset Retirement Reserve & Litigation Obligation
995 1,214 1,847 2,124 1,826 2,525 3,310 3,290 1,639 1,410
Noncurrent Deferred & Payable Income Tax Liabilities
5,613 4,530 4,202 3,437 3,095 2,849 2,502 3,171 3,765 6,773
Noncurrent Employee Benefit Liabilities
1,698 1,663 2,335 2,669 3,345 3,065 2,906 3,975 3,719 4,245
Other Noncurrent Operating Liabilities
2,525 2,173 1,920 1,863 1,826 1,716 2,146 1,568 1,709 1,752
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
13,720 10,916 10,643 8,675 7,237 6,975 6,814 3,925 6,241 12,422
Total Preferred & Common Equity
12,455 10,437 10,166 8,675 7,237 6,975 6,814 3,925 6,241 12,421
Total Common Equity
12,455 10,437 10,166 8,675 7,237 6,975 6,743 3,925 6,241 12,421
Common Stock
12,426 10,551 11,379 10,295 10,130 10,922 11,581 10,045 10,599 9,994
Retained Earnings
43 -97 -1,199 -1,605 -2,888 -3,967 -4,879 -6,262 -4,532 2,256
Accumulated Other Comprehensive Income / (Loss)
-14 -17 -14 -15 -5.00 20 41 142 174 171
Noncontrolling Interest
1,265 479 477 0.00 - - - - - 1.00

Quarterly Balance Sheets for FirstEnergy

This table presents FirstEnergy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets
52,771 52,044 50,756 51,021 51,299 48,767 47,471 47,065 46,479 46,108 44,851
Total Current Assets
2,959 2,776 3,068 3,258 4,063 2,568 2,520 2,485 2,507 2,415 2,312
Cash & Equivalents
132 111 439 60 888 137 118 171 177 160 251
Restricted Cash
31 43 26 43 27 42 26 43 29 46 26
Accounts Receivable
1,888 1,833 1,781 1,800 1,669 1,584 1,573 1,461 1,516 1,571 1,446
Inventories, net
567 549 536 536 538 512 481 449 457 421 361
Other Current Assets
341 240 286 369 491 293 322 361 328 217 228
Plant, Property, & Equipment, net
41,701 41,102 40,119 39,410 38,804 38,412 37,678 37,149 36,630 36,285 35,572
Plant, Property & Equipment, gross
56,475 55,650 54,480 53,628 52,795 52,223 51,532 50,820 50,087 49,543 48,647
Accumulated Depreciation
14,774 14,548 14,361 14,218 13,991 13,811 13,854 13,671 13,457 13,258 13,075
Total Noncurrent Assets
8,111 8,166 7,569 8,353 8,432 7,787 7,273 7,431 7,342 7,408 6,967
Long-Term Investments
657 652 688 670 688 663 626 638 632 622 621
Goodwill
5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618
Other Noncurrent Operating Assets
1,836 1,896 1,263 1,315 1,376 1,506 1,029 1,175 1,092 1,168 728
Total Liabilities & Shareholders' Equity
52,771 52,044 50,756 51,021 51,299 48,767 47,471 47,065 46,479 46,108 44,851
Total Liabilities
38,909 38,324 37,064 37,293 37,686 37,851 36,526 36,094 35,748 35,465 33,613
Total Current Liabilities
7,114 4,997 5,473 6,356 6,273 5,386 4,796 4,149 3,700 3,958 3,493
Short-Term Debt
3,563 1,527 2,102 3,120 2,863 2,025 1,572 1,352 602 451 353
Accounts Payable
1,516 1,575 1,520 1,477 1,383 1,362 1,262 1,200 1,238 1,503 1,125
Customer Deposits
236 233 228 228 228 227 225 223 - 223 -
Dividends Payable
257 245 245 0.00 245 235 235 0.00 223 223 223
Current Deferred & Payable Income Tax Liabilities
715 727 729 726 823 700 657 604 701 668 643
Current Employee Benefit Liabilities
257 205 156 197 199 304 252 257 222 272 255
Other Current Liabilities
290 216 221 324 227 241 290 230 229 364 639
Other Current Nonoperating Liabilities
280 269 272 284 305 292 303 283 263 254 255
Total Noncurrent Liabilities
31,795 33,327 31,591 30,937 31,413 32,465 31,730 31,945 32,048 31,507 30,120
Long-Term Debt
21,223 22,496 21,603 20,831 21,652 22,885 22,882 22,656 22,124 21,203 20,905
Asset Retirement Reserve & Litigation Obligation
998 995 916 956 964 1,214 1,316 1,519 1,723 1,847 1,982
Noncurrent Deferred & Payable Income Tax Liabilities
5,740 5,613 5,492 5,389 5,288 4,530 4,449 4,392 4,263 4,202 3,428
Noncurrent Employee Benefit Liabilities
1,698 1,698 1,651 1,655 1,663 1,663 1,512 1,516 2,339 2,335 2,496
Other Noncurrent Operating Liabilities
2,136 2,525 1,929 2,106 1,846 2,173 1,571 1,862 1,599 1,920 1,309
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
13,862 13,720 13,692 13,728 13,613 10,916 10,945 10,971 10,731 10,643 11,238
Total Preferred & Common Equity
12,567 12,455 12,427 12,474 12,397 10,437 10,474 10,510 10,253 10,166 10,774
Total Common Equity
12,567 12,455 12,427 12,474 12,397 10,437 10,474 10,510 10,253 10,166 10,774
Common Stock
12,435 12,426 12,414 12,443 12,414 10,551 10,762 11,197 11,175 11,379 11,583
Retained Earnings
146 43 27 45 0.00 -97 -272 -672 -907 -1,199 -796
Accumulated Other Comprehensive Income / (Loss)
-14 -14 -14 -14 -17 -17 -16 -15 -15 -14 -13
Noncontrolling Interest
1,295 1,265 1,265 1,254 1,216 479 471 461 478 477 464

Annual Metrics And Ratios for FirstEnergy

This table displays calculated financial ratios and metrics derived from FirstEnergy's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
4.68% 3.30% 11.92% 3.17% -2.22% -2.01% 3.05% 2.13% -28.79% -0.15%
EBITDA Growth
13.71% -2.21% -12.78% 28.49% 8.55% -18.41% -7.05% 2.55% 3.21% 40.78%
EBIT Growth
8.08% -1.88% -7.59% 22.65% 15.20% -22.14% 1.38% 19.16% 1.14% 81.73%
NOPAT Growth
-3.94% 217.96% -57.52% -28.58% -5.45% 20.12% 443.68% -146.87% -29.23% 12.15%
Net Income Growth
-4.17% 167.88% -65.78% 18.91% 18.31% -32.34% 178.19% 72.09% -1,168.69% 93.31%
EPS Growth
-11.46% 170.42% -69.79% 18.09% 18.45% -15.58% 151.29% 73.22% -1,157.66% 92.96%
Operating Cash Flow Growth
108.44% -48.30% -4.55% 97.54% -42.32% 74.96% -62.97% 12.56% -2.23% 27.53%
Free Cash Flow Firm Growth
90.64% -245.70% -289.98% 133.07% -194.14% 103.16% -88.54% -47.63% 723.73% 348.51%
Invested Capital Growth
5.46% 11.16% 3.49% 3.73% 10.02% 4.62% 5.20% -14.26% -16.87% 1.92%
Revenue Q/Q Growth
0.22% -0.24% 4.33% 1.12% -1.24% -0.33% 1.54% 38.29% -27.35% 0.39%
EBITDA Q/Q Growth
3.38% 0.55% -7.43% 7.47% 41.02% -18.37% -3.98% -21.54% 39.32% 0.37%
EBIT Q/Q Growth
5.43% -3.80% -5.03% 10.48% 51.29% -19.83% -5.72% -30.09% 117.37% 12.27%
NOPAT Q/Q Growth
3.86% 124.58% -58.76% -8.17% -12.26% 6.27% 676.25% -120.67% 67.02% 23.91%
Net Income Q/Q Growth
10.17% 96.33% -64.91% 16.85% 48.62% -21.45% 204.58% 65.66% -917.63% 16.06%
EPS Q/Q Growth
8.97% 110.99% -67.43% 16.34% 48.51% -19.23% 152.09% 67.26% -913.29% 16.10%
Operating Cash Flow Q/Q Growth
3.07% 8.78% 5.46% 5.04% -9.99% -4.71% -12.09% 7.18% -9.42% 5.07%
Free Cash Flow Firm Q/Q Growth
-234.08% 24.44% -4.01% -76.67% -28.64% 84.65% -80.51% -56.36% 417.16% 56.88%
Invested Capital Q/Q Growth
1.88% 0.98% -0.41% 2.26% -0.18% 0.14% 1.19% -12.10% -15.24% -0.11%
Profitability Metrics
- - - - - - - - - -
Gross Margin
67.52% 63.90% 63.14% 69.05% 71.55% 95.50% 95.22% 95.45% 63.73% 58.22%
EBITDA Margin
30.66% 28.22% 29.81% 38.25% 30.71% 27.67% 33.23% 36.84% 36.69% 25.32%
Operating Margin
17.63% 17.61% 15.33% 15.50% 20.04% 22.75% 22.22% 22.22% 19.20% 15.25%
EBIT Margin
18.87% 18.28% 19.24% 23.30% 19.60% 16.64% 20.94% 21.28% 18.24% 12.84%
Profit (Net Income) Margin
8.37% 9.14% 3.52% 11.53% 10.00% 8.26% 11.97% -15.78% -57.73% 3.85%
Tax Burden Percent
74.93% 80.33% 30.51% 82.30% 95.57% 81.65% 89.15% -120.90% -573.01% 64.73%
Interest Burden Percent
59.17% 62.24% 60.03% 60.10% 53.38% 60.84% 64.12% 61.31% 55.23% 46.27%
Effective Tax Rate
25.07% 18.24% 69.49% 20.53% 11.16% 19.07% 32.41% 120.27% 48.89% 35.27%
Return on Invested Capital (ROIC)
4.88% 5.49% 1.86% 4.53% 6.76% 7.68% 6.71% -1.85% 3.33% 4.34%
ROIC Less NNEP Spread (ROIC-NNEP)
2.18% 2.54% 1.19% 4.13% 2.81% 1.96% 4.98% -7.57% -29.17% 0.18%
Return on Net Nonoperating Assets (RNNOA)
4.27% 5.42% 2.69% 11.60% 8.42% 5.55% 18.40% -32.07% -69.52% 0.31%
Return on Equity (ROE)
9.15% 10.91% 4.55% 16.13% 15.18% 13.23% 25.10% -33.92% -66.20% 4.65%
Cash Return on Invested Capital (CROIC)
-0.44% -5.08% -1.58% 0.86% -2.78% 3.17% 1.63% 13.51% 21.75% 2.44%
Operating Return on Assets (OROA)
5.04% 4.96% 5.24% 5.77% 4.88% 4.46% 5.73% 5.45% 4.10% 3.72%
Return on Assets (ROA)
2.24% 2.48% 0.96% 2.85% 2.49% 2.21% 3.28% -4.04% -12.97% 1.11%
Return on Common Equity (ROCE)
8.50% 10.43% 4.43% 16.13% 15.18% 13.16% 24.94% -33.92% -66.19% 4.65%
Return on Equity Simple (ROE_SIMPLE)
9.05% 11.27% 4.32% 14.79% 14.91% 13.08% 19.78% -43.92% -98.97% 4.65%
Net Operating Profit after Tax (NOPAT)
1,780 1,853 583 1,372 1,921 2,031 1,691 -492 1,050 1,484
NOPAT Margin
13.21% 14.40% 4.68% 12.32% 17.80% 18.41% 15.02% -4.50% 9.81% 9.87%
Net Nonoperating Expense Percent (NNEP)
2.70% 2.95% 0.66% 0.40% 3.95% 5.72% 1.73% 5.72% 32.50% 4.17%
Return On Investment Capital (ROIC_SIMPLE)
4.72% 5.17% 1.80% - - - - - - -
Cost of Revenue to Revenue
32.48% 36.10% 36.86% 30.95% 28.45% 4.50% 4.78% 4.55% 36.27% 41.78%
SG&A Expenses to Revenue
30.87% 27.93% 30.64% 28.71% 30.50% 53.28% 55.43% 52.42% 24.10% 24.89%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
49.89% 46.29% 47.80% 53.55% 51.51% 72.75% 73.00% 73.23% 44.53% 42.97%
Earnings before Interest and Taxes (EBIT)
2,542 2,352 2,397 2,594 2,115 1,836 2,358 2,326 1,952 1,930
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
4,130 3,632 3,714 4,258 3,314 3,053 3,742 4,026 3,926 3,804
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.82 1.91 2.14 2.33 1.96 3.08 2.25 2.63 1.53 0.75
Price to Tangible Book Value (P/TBV)
3.32 4.14 4.79 6.62 8.78 15.85 13.50 0.00 15.31 1.55
Price to Revenue (P/Rev)
1.68 1.55 1.75 1.82 1.32 1.95 1.35 0.95 0.89 0.62
Price to Earnings (P/E)
23.19 18.10 53.71 15.77 13.18 23.69 15.48 0.00 0.00 16.09
Dividend Yield
4.28% 4.55% 4.09% 4.20% 5.95% 3.82% 4.85% 6.20% 6.43% 6.55%
Earnings Yield
4.31% 5.53% 1.86% 6.34% 7.59% 4.22% 6.46% 0.00% 0.00% 6.22%
Enterprise Value to Invested Capital (EV/IC)
1.26 1.25 1.35 1.36 1.22 1.50 1.32 1.10 1.12 0.91
Enterprise Value to Revenue (EV/Rev)
3.50 3.46 3.46 3.77 3.36 3.68 3.03 2.48 2.99 2.09
Enterprise Value to EBITDA (EV/EBITDA)
11.42 12.25 11.61 9.85 10.95 13.32 9.11 6.73 8.14 8.24
Enterprise Value to EBIT (EV/EBIT)
18.55 18.92 17.98 16.16 17.16 22.14 14.45 11.65 16.37 16.25
Enterprise Value to NOPAT (EV/NOPAT)
26.50 24.01 73.98 30.56 18.89 20.01 20.15 0.00 30.44 21.14
Enterprise Value to Operating Cash Flow (EV/OCF)
16.31 32.08 16.07 14.91 25.50 16.48 24.17 7.12 9.45 9.06
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 160.79 0.00 48.55 82.67 7.54 4.66 37.62
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.75 2.28 2.03 2.75 3.38 3.01 2.86 4.98 3.73 1.83
Long-Term Debt to Equity
1.64 2.10 1.99 2.56 3.06 2.81 2.61 4.76 3.04 1.60
Financial Leverage
1.96 2.13 2.25 2.81 3.00 2.84 3.70 4.24 2.38 1.75
Leverage Ratio
4.09 4.40 4.74 5.65 6.11 5.97 7.67 8.40 5.10 4.18
Compound Leverage Factor
2.42 2.74 2.84 3.40 3.26 3.63 4.92 5.15 2.82 1.93
Debt to Total Capital
63.65% 69.53% 67.05% 73.33% 77.18% 75.07% 74.11% 83.28% 78.88% 64.70%
Short-Term Debt to Total Capital
4.05% 5.65% 1.40% 4.94% 7.40% 4.93% 6.66% 3.66% 14.75% 8.17%
Long-Term Debt to Total Capital
59.60% 63.88% 65.65% 68.39% 69.78% 70.13% 67.45% 79.62% 64.13% 56.53%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.27% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
3.35% 1.34% 1.48% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
33.00% 29.13% 31.48% 26.67% 22.82% 24.93% 25.62% 16.72% 21.12% 35.30%
Debt to EBITDA
5.82 6.86 5.83 5.60 7.39 6.88 5.21 4.85 5.94 5.98
Net Debt to EBITDA
5.62 6.63 5.61 5.09 6.66 6.27 5.03 4.17 5.71 5.80
Long-Term Debt to EBITDA
5.45 6.30 5.71 5.23 6.68 6.43 4.74 4.64 4.83 5.23
Debt to NOPAT
13.50 13.45 37.16 17.39 12.74 10.34 11.53 -39.72 22.20 15.34
Net Debt to NOPAT
13.05 12.99 35.74 15.81 11.49 9.42 11.13 -34.09 21.36 14.87
Long-Term Debt to NOPAT
12.64 12.35 36.39 16.22 11.52 9.66 10.50 -37.98 18.05 13.41
Altman Z-Score
0.73 0.67 0.73 0.68 0.50 0.57 0.51 0.37 0.29 0.55
Noncontrolling Interest Sharing Ratio
7.08% 4.43% 2.47% 0.00% 0.00% 0.51% 0.66% 0.00% 0.01% 0.01%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.56 0.48 0.61 0.73 0.74 0.50 0.52 0.76 0.41 0.54
Quick Ratio
0.39 0.32 0.44 0.62 0.63 0.40 0.40 0.50 0.25 0.31
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-160 -1,712 -495 261 -788 837 412 3,596 6,866 834
Operating Cash Flow to CapEx
71.74% 41.33% 94.21% 120.54% 53.56% 92.57% 62.67% 173.17% 119.96% 128.91%
Free Cash Flow to Firm to Interest Expense
-0.15 -1.61 -0.44 0.24 -0.80 0.87 0.39 3.77 7.48 0.82
Operating Cash Flow to Interest Expense
2.64 1.30 2.38 2.64 1.44 2.56 1.34 4.00 3.69 3.41
Operating Cash Flow Less CapEx to Interest Expense
-1.04 -1.85 -0.15 0.45 -1.25 -0.21 -0.80 1.69 0.61 0.76
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.27 0.27 0.27 0.25 0.25 0.27 0.27 0.26 0.22 0.29
Accounts Receivable Turnover
7.89 8.16 8.74 8.19 7.82 7.85 7.65 7.13 6.67 8.91
Inventory Turnover
8.25 9.96 13.49 11.94 10.27 1.86 2.20 1.24 5.75 7.84
Fixed Asset Turnover
0.34 0.34 0.35 0.33 0.33 0.36 0.39 0.38 0.32 0.41
Accounts Payable Turnover
2.98 3.24 3.76 3.89 3.52 0.53 0.60 0.53 3.66 5.33
Days Sales Outstanding (DSO)
46.29 44.74 41.75 44.56 46.70 46.52 47.70 51.22 54.75 40.98
Days Inventory Outstanding (DIO)
44.25 36.65 27.06 30.57 35.55 195.72 165.54 293.76 63.44 46.57
Days Payable Outstanding (DPO)
122.49 112.54 97.19 93.77 103.73 691.44 607.88 686.67 99.60 68.43
Cash Conversion Cycle (CCC)
-31.95 -31.15 -28.38 -18.64 -21.49 -449.20 -394.65 -341.69 18.59 19.12
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
37,451 35,511 31,946 30,868 29,757 27,048 25,854 24,575 28,663 34,479
Invested Capital Turnover
0.37 0.38 0.40 0.37 0.38 0.42 0.45 0.41 0.34 0.44
Increase / (Decrease) in Invested Capital
1,940 3,565 1,078 1,111 2,709 1,194 1,279 -4,088 -5,816 650
Enterprise Value (EV)
47,165 44,491 43,108 41,921 36,291 40,652 34,076 27,105 31,963 31,357
Market Capitalization
22,683 19,944 21,805 20,233 14,220 21,514 15,183 10,329 9,541 9,299
Book Value per Share
$21.61 $18.19 $17.78 $15.93 $13.34 $12.91 $13.18 $8.82 $14.66 $29.36
Tangible Book Value per Share
$11.86 $8.40 $7.95 $5.62 $2.98 $2.51 $2.20 ($3.81) $1.46 $14.19
Total Capital
37,743 35,826 32,297 32,529 31,714 27,973 26,318 23,470 29,550 35,186
Total Debt
24,023 24,910 21,654 23,854 24,477 20,998 19,504 19,545 23,309 22,764
Total Long-Term Debt
22,496 22,885 21,203 22,248 22,131 19,618 17,751 18,687 18,949 19,890
Net Debt
23,217 24,068 20,826 21,688 22,071 19,138 18,822 16,776 22,422 22,057
Capital Expenditures (CapEx)
4,030 3,356 2,848 2,332 2,657 2,665 2,250 2,199 2,820 2,684
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-848 -972 -1,298 -1,084 -745 -1,717 -918 -784 -191 111
Debt-free Net Working Capital (DFNWC)
-694 -793 -1,092 427 1,056 -1,038 -489 -145 184 312
Net Working Capital (NWC)
-2,221 -2,818 -1,543 -1,179 -1,290 -2,418 -2,242 -1,003 -4,176 -2,562
Net Nonoperating Expense (NNE)
653 677 144 89 842 1,119 343 1,232 7,227 906
Net Nonoperating Obligations (NNO)
23,731 24,595 21,303 22,193 22,520 20,073 19,040 20,650 22,422 22,057
Total Depreciation and Amortization (D&A)
1,588 1,280 1,317 1,664 1,199 1,217 1,384 1,700 1,974 1,874
Debt-free, Cash-free Net Working Capital to Revenue
-6.29% -7.55% -10.42% -9.74% -6.90% -15.56% -8.15% -7.17% -1.79% 0.74%
Debt-free Net Working Capital to Revenue
-5.15% -6.16% -8.76% 3.84% 9.79% -9.41% -4.34% -1.33% 1.72% 2.08%
Net Working Capital to Revenue
-16.49% -21.90% -12.38% -10.59% -11.96% -21.91% -19.91% -9.18% -39.03% -17.05%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$1.70 $1.92 $0.71 $2.35 $1.99 $0.00 $0.00 $0.00 ($14.49) $0.00
Adjusted Weighted Average Basic Shares Outstanding
575M 573M 571M 545M 542M 0.00 0.00 0.00 426M 0.00
Adjusted Diluted Earnings per Share
$1.70 $1.92 $0.71 $2.35 $1.99 $0.00 $0.00 $0.00 ($14.49) $0.00
Adjusted Weighted Average Diluted Shares Outstanding
577M 574M 572M 546M 543M 0.00 0.00 0.00 426M 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
576.70M 574.44M 572.25M 570.34M 543.22M 0.00 0.00 0.00 442.48M 0.00
Normalized Net Operating Profit after Tax (NOPAT)
1,780 1,853 1,337 1,468 1,921 2,031 1,691 1,700 1,072 1,511
Normalized NOPAT Margin
13.21% 14.40% 10.73% 13.19% 17.80% 18.41% 15.02% 15.55% 10.02% 10.05%
Pre Tax Income Margin
11.16% 11.38% 11.55% 14.00% 10.46% 10.12% 13.43% 13.05% 10.07% 5.94%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
2.32 2.21 2.13 2.43 2.14 1.91 2.24 2.44 2.13 1.90
NOPAT to Interest Expense
1.62 1.74 0.52 1.29 1.94 2.11 1.61 -0.52 1.14 1.46
EBIT Less CapEx to Interest Expense
-1.36 -0.94 -0.40 0.25 -0.55 -0.86 0.10 0.13 -0.95 -0.74
NOPAT Less CapEx to Interest Expense
-2.05 -1.41 -2.01 -0.90 -0.75 -0.66 -0.53 -2.82 -1.93 -1.18
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
93.70% 83.16% 207.74% 66.17% 78.31% 89.91% 57.27% -37.07% -9.89% 105.02%
Augmented Payout Ratio
93.70% 83.16% 207.74% 66.17% 78.31% 89.91% 57.27% -37.07% -9.89% 105.02%

Quarterly Metrics And Ratios for FirstEnergy

This table displays calculated financial ratios and metrics derived from FirstEnergy's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
14.54% 0.95% 6.94% 9.12% 1.73% -0.98% 0.35% 6.67% 8.10% 19.44% 11.24%
EBITDA Growth
28.54% 15.34% 31.10% 1.68% 6.76% 2.33% -3.94% 8.67% -13.82% -25.73% -16.54%
EBIT Growth
20.43% 26.57% 13.04% -17.32% 11.95% -15.87% 12.01% 7.56% -10.26% -17.81% -19.69%
NOPAT Growth
42.21% 16.77% -3.19% -31.72% -4.81% 200.88% 61.51% 4.60% -1.59% -302.10% -25.71%
Net Income Growth
55.06% 54.17% 10.95% -61.42% -13.87% 149.87% 22.09% 32.29% 7.64% -190.16% -25.70%
EPS Growth
40.91% 45.16% 5.80% -80.49% -13.73% 144.29% 18.97% 24.24% 2.00% -190.91% -31.76%
Operating Cash Flow Growth
1,692.50% 8.98% 20.72% 1,200.99% 64.29% 13.24% 15.88% -110.88% -131.55% 19.66% -26.82%
Free Cash Flow Firm Growth
80.02% 53.69% 59.89% -0.17% -195.00% -112.55% -64.18% -126.58% -7.27% -63.14% -1,137.18%
Invested Capital Growth
3.48% 5.46% 4.53% 8.08% 11.99% 11.16% 9.64% 9.18% 5.20% 3.49% 6.26%
Revenue Q/Q Growth
18.55% -14.83% 13.69% -0.21% 4.48% -9.78% 16.00% -6.96% 1.70% -8.58% 23.31%
EBITDA Q/Q Growth
18.03% -16.39% 25.28% 3.97% 5.91% -4.97% -2.83% 9.16% 1.51% -10.79% 9.92%
EBIT Q/Q Growth
26.60% -20.00% 61.83% -26.52% 33.06% -28.55% 18.35% -0.51% 0.00% -4.87% 13.65%
NOPAT Q/Q Growth
20.74% -20.86% 137.88% -37.43% -0.86% -34.39% 67.77% -12.77% 205.08% -205.04% 8.65%
Net Income Q/Q Growth
39.86% -36.48% 375.51% -63.30% 39.06% -54.29% 65.35% -18.06% 180.52% -211.92% 79.17%
EPS Q/Q Growth
37.78% -38.36% 812.50% -81.82% 41.94% -55.07% 68.29% -19.61% 172.86% -220.69% 75.76%
Operating Cash Flow Q/Q Growth
-38.98% 34.71% -30.31% 2,880.00% -104.18% 49.22% 735.64% 9.82% -113.24% 52.71% -40.30%
Free Cash Flow Firm Q/Q Growth
51.28% -47.75% 60.84% 29.12% -12.95% -27.94% 2.20% -108.74% 18.62% 1.18% -34.97%
Invested Capital Q/Q Growth
2.44% 1.88% -1.15% 0.31% 4.40% 0.98% 2.20% 3.94% 3.63% -0.41% 1.78%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
67.14% 68.36% 67.15% 69.36% 65.29% 67.13% 62.12% 65.60% 61.10% 60.09% 62.07%
EBITDA Margin
31.82% 31.96% 32.56% 29.54% 28.35% 27.97% 26.56% 31.70% 27.02% 27.07% 27.74%
Operating Margin
20.03% 19.30% 19.50% 12.90% 18.62% 18.05% 19.10% 16.00% 17.05% 12.56% 14.53%
EBIT Margin
20.98% 19.65% 20.92% 14.70% 19.96% 15.67% 19.79% 19.39% 18.14% 18.45% 17.73%
Profit (Net Income) Margin
11.00% 9.32% 12.50% 2.99% 8.12% 6.10% 12.04% 8.45% 9.59% -12.12% 9.90%
Tax Burden Percent
76.67% 78.10% 83.21% 60.12% 66.42% 72.18% 89.36% 77.44% 77.50% -101.85% 76.61%
Interest Burden Percent
68.35% 60.74% 71.79% 33.82% 61.28% 53.96% 68.12% 56.26% 68.26% 64.51% 72.89%
Effective Tax Rate
23.33% 21.90% 16.79% 39.88% 33.58% 27.82% 6.17% 22.56% 22.50% 201.85% 23.39%
Return on Invested Capital (ROIC)
5.68% 5.57% 6.06% 2.86% 4.56% 4.97% 6.88% 4.85% 5.20% -5.07% 4.27%
ROIC Less NNEP Spread (ROIC-NNEP)
4.99% 4.81% 5.48% 2.19% 3.95% 4.02% 5.97% 4.30% 4.68% -4.98% 4.07%
Return on Net Nonoperating Assets (RNNOA)
8.72% 9.44% 10.51% 4.16% 7.43% 8.56% 12.12% 8.43% 10.83% -11.20% 9.48%
Return on Equity (ROE)
14.40% 15.00% 16.57% 7.02% 11.99% 13.54% 19.00% 13.27% 16.03% -16.28% 13.75%
Cash Return on Invested Capital (CROIC)
1.76% -0.44% 0.33% -2.90% -6.09% -5.08% -6.74% -6.80% -3.21% -1.58% -1.53%
Operating Return on Assets (OROA)
5.63% 5.25% 5.72% 3.96% 5.28% 4.25% 5.53% 5.42% 5.06% 5.02% 4.77%
Return on Assets (ROA)
2.95% 2.49% 3.42% 0.80% 2.15% 1.66% 3.37% 2.36% 2.68% -3.30% 2.67%
Return on Common Equity (ROCE)
13.08% 13.94% 15.41% 6.53% 11.15% 12.94% 18.20% 12.72% 15.63% -15.88% 13.41%
Return on Equity Simple (ROE_SIMPLE)
10.14% 0.00% 8.23% 7.83% 9.14% 0.00% 5.72% 4.98% 4.50% 0.00% 11.61%
Net Operating Profit after Tax (NOPAT)
578 479 605 254 406 410 625 372 427 -406 387
NOPAT Margin
15.35% 15.07% 16.22% 7.75% 12.37% 13.03% 17.92% 12.39% 13.22% -12.79% 11.13%
Net Nonoperating Expense Percent (NNEP)
0.68% 0.76% 0.59% 0.67% 0.61% 0.95% 0.91% 0.54% 0.52% -0.10% 0.20%
Return On Investment Capital (ROIC_SIMPLE)
1.50% 1.27% - - - 1.14% - - - -1.26% -
Cost of Revenue to Revenue
32.86% 31.64% 32.85% 30.64% 34.71% 32.87% 37.88% 34.40% 38.90% 39.91% 37.93%
SG&A Expenses to Revenue
27.46% 27.83% 29.47% 35.67% 30.61% 28.48% 27.73% 29.44% 26.18% 31.16% 31.97%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
47.12% 49.06% 47.65% 56.46% 46.67% 49.08% 43.02% 49.60% 44.04% 47.53% 47.54%
Earnings before Interest and Taxes (EBIT)
790 624 780 482 656 493 690 583 586 586 616
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,198 1,015 1,214 969 932 880 926 953 873 860 964
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.85 1.82 2.06 1.75 1.75 1.91 1.79 2.01 2.10 2.14 1.80
Price to Tangible Book Value (P/TBV)
3.35 3.32 3.75 3.18 3.20 4.14 3.86 4.31 4.64 4.79 3.77
Price to Revenue (P/Rev)
1.67 1.68 1.90 1.65 1.68 1.55 1.45 1.64 1.69 1.75 1.63
Price to Earnings (P/E)
21.48 23.19 28.63 24.97 20.41 18.10 35.80 46.07 52.43 53.71 15.72
Dividend Yield
4.21% 4.28% 3.77% 4.32% 4.23% 4.55% 4.77% 4.24% 4.15% 4.09% 4.59%
Earnings Yield
4.65% 4.31% 3.49% 4.00% 4.90% 5.53% 2.79% 2.17% 1.91% 1.86% 6.36%
Enterprise Value to Invested Capital (EV/IC)
1.27 1.26 1.34 1.24 1.24 1.25 1.22 1.30 1.33 1.35 1.26
Enterprise Value to Revenue (EV/Rev)
3.48 3.50 3.67 3.50 3.55 3.46 3.33 3.47 3.45 3.46 3.37
Enterprise Value to EBITDA (EV/EBITDA)
11.05 11.42 12.36 12.47 12.42 12.25 11.88 12.25 12.27 11.61 10.03
Enterprise Value to EBIT (EV/EBIT)
18.15 18.55 20.47 19.92 18.92 18.92 17.55 18.86 18.83 17.98 15.95
Enterprise Value to NOPAT (EV/NOPAT)
24.87 26.50 28.80 26.56 25.02 24.01 52.02 68.67 73.44 73.98 28.49
Enterprise Value to Operating Cash Flow (EV/OCF)
13.61 16.31 17.60 17.30 31.41 32.08 33.66 37.67 19.79 16.07 15.82
Enterprise Value to Free Cash Flow (EV/FCFF)
73.27 0.00 412.77 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.79 1.75 1.73 1.74 1.80 2.28 2.23 2.19 2.12 2.03 1.89
Long-Term Debt to Equity
1.53 1.64 1.58 1.52 1.59 2.10 2.09 2.07 2.06 1.99 1.86
Financial Leverage
1.75 1.96 1.92 1.90 1.88 2.13 2.03 1.96 2.31 2.25 2.33
Leverage Ratio
3.79 4.09 3.99 3.97 4.02 4.40 4.16 4.14 4.67 4.74 4.74
Compound Leverage Factor
2.59 2.49 2.86 1.34 2.46 2.37 2.83 2.33 3.19 3.06 3.45
Debt to Total Capital
64.13% 63.65% 63.39% 63.57% 64.30% 69.53% 69.08% 68.64% 67.93% 67.05% 65.42%
Short-Term Debt to Total Capital
9.22% 4.05% 5.62% 8.28% 7.51% 5.65% 4.44% 3.87% 1.80% 1.40% 1.09%
Long-Term Debt to Total Capital
54.91% 59.60% 57.77% 55.29% 56.79% 63.88% 64.64% 64.77% 66.13% 65.65% 64.33%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
3.35% 3.35% 3.38% 3.33% 3.19% 1.34% 1.33% 1.32% 1.43% 1.48% 1.43%
Common Equity to Total Capital
32.52% 33.00% 33.23% 33.11% 32.51% 29.13% 29.59% 30.05% 30.65% 31.48% 33.15%
Debt to EBITDA
5.64 5.82 5.93 6.46 6.64 6.86 6.77 6.58 6.36 5.83 5.30
Net Debt to EBITDA
5.45 5.62 5.65 6.25 6.21 6.63 6.56 6.34 6.12 5.61 5.07
Long-Term Debt to EBITDA
4.83 5.45 5.41 5.62 5.87 6.30 6.34 6.21 6.19 5.71 5.21
Debt to NOPAT
12.69 13.50 13.83 13.76 13.38 13.45 29.64 36.87 38.05 37.16 15.05
Net Debt to NOPAT
12.27 13.05 13.16 13.32 12.51 12.99 28.71 35.56 36.65 35.74 14.41
Long-Term Debt to NOPAT
10.87 12.64 12.61 11.97 11.82 12.35 27.74 34.79 37.04 36.39 14.80
Altman Z-Score
0.58 0.60 0.67 0.57 0.59 0.54 0.56 0.60 0.62 0.60 0.60
Noncontrolling Interest Sharing Ratio
9.14% 7.08% 7.05% 6.94% 6.96% 4.43% 4.21% 4.11% 2.45% 2.47% 2.48%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.42 0.56 0.56 0.51 0.65 0.48 0.53 0.60 0.68 0.61 0.66
Quick Ratio
0.28 0.39 0.41 0.36 0.48 0.32 0.35 0.39 0.46 0.44 0.49
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-712 -1,461 -989 -2,526 -3,564 -3,155 -2,466 -2,522 -1,208 -1,484 -1,502
Operating Cash Flow to CapEx
63.38% 80.68% 77.19% 118.05% -5.06% 87.89% 75.71% -13.13% -17.26% 84.94% 83.18%
Free Cash Flow to Firm to Interest Expense
-2.85 -6.11 -4.10 -7.41 -12.96 -11.77 -9.38 -8.69 -4.99 -6.13 -6.71
Operating Cash Flow to Interest Expense
2.55 4.37 3.22 3.26 -0.15 3.57 2.44 -0.35 -0.46 3.50 2.47
Operating Cash Flow Less CapEx to Interest Expense
-1.47 -1.05 -0.95 0.50 -3.02 -0.49 -0.78 -3.00 -3.14 -0.62 -0.50
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.27 0.27 0.27 0.27 0.26 0.27 0.28 0.28 0.28 0.27 0.27
Accounts Receivable Turnover
7.84 7.89 8.02 8.10 8.12 8.16 8.55 9.08 8.80 8.74 8.50
Inventory Turnover
8.09 8.25 8.66 9.14 9.11 9.96 11.59 12.95 13.25 13.49 13.87
Fixed Asset Turnover
0.35 0.34 0.35 0.34 0.34 0.34 0.35 0.36 0.35 0.35 0.34
Accounts Payable Turnover
3.09 2.98 3.17 3.36 3.46 3.24 4.09 4.09 4.15 3.76 4.20
Days Sales Outstanding (DSO)
46.53 46.29 45.54 45.09 44.97 44.74 42.71 40.18 41.50 41.75 42.94
Days Inventory Outstanding (DIO)
45.09 44.25 42.13 39.94 40.09 36.65 31.49 28.18 27.55 27.06 26.32
Days Payable Outstanding (DPO)
118.31 122.49 115.26 108.54 105.59 112.54 89.27 89.14 87.87 97.19 86.91
Cash Conversion Cycle (CCC)
-26.68 -31.95 -27.59 -23.52 -20.54 -31.15 -15.07 -20.77 -18.82 -28.38 -17.64
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
38,365 37,451 36,761 37,190 37,075 35,511 35,167 34,410 33,105 31,946 32,076
Invested Capital Turnover
0.37 0.37 0.37 0.37 0.37 0.38 0.38 0.39 0.39 0.40 0.38
Increase / (Decrease) in Invested Capital
1,290 1,940 1,594 2,780 3,970 3,565 3,091 2,894 1,635 1,078 1,889
Enterprise Value (EV)
48,571 47,165 49,359 46,235 45,828 44,491 42,916 44,715 43,864 43,108 40,254
Market Capitalization
23,310 22,683 25,542 21,803 21,700 19,944 18,761 21,098 21,498 21,805 19,430
Book Value per Share
$21.79 $21.61 $21.58 $21.67 $21.60 $18.19 $18.27 $18.35 $17.92 $17.78 $18.86
Tangible Book Value per Share
$12.05 $11.86 $11.82 $11.91 $11.81 $8.40 $8.47 $8.54 $8.10 $7.95 $9.02
Total Capital
38,648 37,743 37,397 37,679 38,128 35,826 35,399 34,979 33,457 32,297 32,496
Total Debt
24,786 24,023 23,705 23,951 24,515 24,910 24,454 24,008 22,726 21,654 21,258
Total Long-Term Debt
21,223 22,496 21,603 20,831 21,652 22,885 22,882 22,656 22,124 21,203 20,905
Net Debt
23,966 23,217 22,552 23,178 22,912 24,068 23,684 23,156 21,888 20,826 20,360
Capital Expenditures (CapEx)
1,005 1,294 1,004 942 790 1,090 848 769 649 996 666
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-755 -848 -768 -81 -262 -972 -848 -526 -797 -1,298 -1,105
Debt-free Net Working Capital (DFNWC)
-592 -694 -303 22 653 -793 -704 -312 -591 -1,092 -828
Net Working Capital (NWC)
-4,155 -2,221 -2,405 -3,098 -2,210 -2,818 -2,276 -1,664 -1,193 -1,543 -1,181
Net Nonoperating Expense (NNE)
164 183 139 156 139 218 205 118 117 -21 43
Net Nonoperating Obligations (NNO)
24,503 23,731 23,069 23,462 23,462 24,595 24,222 23,439 22,374 21,303 20,838
Total Depreciation and Amortization (D&A)
408 391 434 487 276 387 236 370 287 274 348
Debt-free, Cash-free Net Working Capital to Revenue
-5.41% -6.29% -5.71% -0.61% -2.03% -7.55% -6.57% -4.08% -6.28% -10.42% -9.25%
Debt-free Net Working Capital to Revenue
-4.24% -5.15% -2.25% 0.17% 5.05% -6.16% -5.46% -2.42% -4.65% -8.76% -6.93%
Net Working Capital to Revenue
-29.78% -16.49% -17.89% -23.47% -17.10% -21.90% -17.64% -12.91% -9.39% -12.38% -9.89%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.62 $0.45 $0.73 $0.08 $0.44 $0.30 $0.70 $0.41 $0.51 ($0.71) $0.58
Adjusted Weighted Average Basic Shares Outstanding
577M 575M 576M 575M 574M 573M 573M 573M 572M 571M 571M
Adjusted Diluted Earnings per Share
$0.62 $0.45 $0.73 $0.08 $0.44 $0.31 $0.69 $0.41 $0.51 ($0.70) $0.58
Adjusted Weighted Average Diluted Shares Outstanding
578M 577M 577M 576M 576M 574M 574M 574M 573M 572M 572M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
590.78M 576.70M 576.32M 575.92M 575.52M 574.44M 573.81M 573.36M 572.84M 572.25M 571.75M
Normalized Net Operating Profit after Tax (NOPAT)
578 479 605 254 406 410 625 372 427 279 387
Normalized NOPAT Margin
15.35% 15.07% 16.22% 7.75% 12.37% 13.03% 17.92% 12.39% 13.22% 8.79% 11.13%
Pre Tax Income Margin
14.34% 11.93% 15.02% 4.97% 12.23% 8.46% 13.48% 10.91% 12.38% 11.90% 12.92%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
3.16 2.61 3.24 1.41 2.39 1.84 2.62 2.01 2.42 2.42 2.75
NOPAT to Interest Expense
2.31 2.00 2.51 0.75 1.48 1.53 2.38 1.28 1.76 -1.68 1.73
EBIT Less CapEx to Interest Expense
-0.86 -2.80 -0.93 -1.35 -0.49 -2.23 -0.60 -0.64 -0.26 -1.69 -0.22
NOPAT Less CapEx to Interest Expense
-1.71 -3.41 -1.66 -2.02 -1.39 -2.54 -0.85 -1.37 -0.92 -5.80 -1.25
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
84.93% 93.70% 99.80% 99.59% 86.58% 83.16% 160.77% 184.89% 201.74% 207.74% 71.54%
Augmented Payout Ratio
84.93% 93.70% 99.80% 99.59% 86.58% 83.16% 160.77% 184.89% 201.74% 207.74% 71.54%

Frequently Asked Questions About FirstEnergy's Financials

When does FirstEnergy's financial year end?

According to the most recent income statement we have on file, FirstEnergy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has FirstEnergy's net income changed over the last 9 years?

FirstEnergy's net income appears to be on an upward trend, with a most recent value of $1.13 billion in 2024, rising from $578 million in 2015. The previous period was $1.18 billion in 2023. Find out what analysts predict for FirstEnergy in the coming months.

What is FirstEnergy's operating income?
FirstEnergy's total operating income in 2024 was $2.38 billion, based on the following breakdown:
  • Total Gross Profit: $9.10 billion
  • Total Operating Expenses: $6.72 billion
How has FirstEnergy revenue changed over the last 9 years?

Over the last 9 years, FirstEnergy's total revenue changed from $15.03 billion in 2015 to $13.47 billion in 2024, a change of -10.3%.

How much debt does FirstEnergy have?

FirstEnergy's total liabilities were at $38.32 billion at the end of 2024, a 1.2% increase from 2023, and a 3.4% decrease since 2015.

How much cash does FirstEnergy have?

In the past 9 years, FirstEnergy's cash and equivalents has ranged from $111 million in 2024 to $1.73 billion in 2020, and is currently $111 million as of their latest financial filing in 2024.

How has FirstEnergy's book value per share changed over the last 9 years?

Over the last 9 years, FirstEnergy's book value per share changed from 29.36 in 2015 to 21.61 in 2024, a change of -26.4%.



This page (NYSE:FE) was last updated on 5/29/2025 by MarketBeat.com Staff
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