MARKETS / NYSE / FE

NYSE · ELECTRIC SERVICES · LARGE CAP

Firstenergy Corp. FE

19 fiscal years on record · USD · FY2025 reported · SEC filings only

3 YEARS OF DIVIDEND GROWTH

Revenue

$15.1B

▲ 12.0% YoY

Net income

$1.0B

▲ 4.3% YoY

Free cash flow

$-1.0B

In brief

What this company does

FirstEnergy and its subsidiaries transmit, distribute, and generate electricity. Its transmission operations include more than 24,000 miles of transmission lines and two regional transmission operation centers. As of December 31, 2025, FirstEnergy had 11,186 employees, all of whom were located in the United States. Its reportable segments are the Distribution Segment, which consists of the Ohio Companies and FE PA; the Integrated Segment, which consists of MP, PE and JCP&L; and the Stand-Alone Transmission Segment, which consists of FE's ownership in FET and KATCo. The Distribution segment, representing $11.1 billion in rate base as of December 31, 2025, distributes electricity through FirstEnergy's electric operating companies in Ohio and Pennsylvania, serving approximately 4.3 million customers there. The Integrated segment includes the distribution and transmission operations of JCP&L, MP and PE, as well as MP's regulated generation operations, representing $10.2 billion in rate base as of December 31, 2025; it distributes electricity to approximately 2 million customers in New Jersey, West Virginia and Maryland, provides transmission infrastructure in New Jersey, West Virginia, Maryland and Virginia, and operates 3,610 MWs of regulated generation capacity located primarily in West Virginia and Virginia.

Written from the business description in FIRSTENERGY CORP's annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth

USD 15.1B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 15.1 · Net income 1.0

Compound annual growth

Revenue

+6.6%

+6.9%

+0.0%

+0.8%

Net income

+35.9%

−1.1%

+5.8%

+2.1%

EPS, diluted

+35.3%

Dividend / share

+4.5%

Returned to shareholders

+4.5%

+3.8%

+5.3%

+2.8%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +6.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

9 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 15.1% · Net 8.7%

ROE

FY2025 · ROE 8.2%

Gross margin—

Operating margin15.1%

Net margin8.7%

Return on assets2.4%

EBITDAUSD 3.9B

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders

USD 1.0B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF -1.0

Net buybacks $B Dividends $B

FY2025 · Dividends 1.0 · Net buybacks —

Dividends paidUSD 1.0B

Net buybacks—

Share of profit99.6%

Consecutive raises3 years (since the 2022 share-count change)

USD 1.0B in dividends — 100% of the year's profit went back to shareholders.

Total assetsUSD 55.9B

EquityUSD 12.5B

CashUSD 57.0M

Gross debtUSD 26.2B

Net debtUSD 26.2B

Current ratio0.57×

Net debt stands at 209% of equity.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

The share count changed between 2014 and 2018, but the exact year can't be marked here — the underlying count wasn't on file for every year in that stretch.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	15.1	13.5	12.9	12.5	11.1	10.8	10.8	10.9	10.9	10.7	15.0	15.0	14.9	15.3	16.1	13.3	13.0	13.6	12.8
Operating income $B	2.2	2.4	2.3	1.9	1.7	2.2	2.5	2.5	2.4	2.1	2.3	1.1	1.6	2.1	1.7	1.7	1.7	2.8	2.8
EBITDA $B	3.9	4.0	3.7	3.3	3.0	3.4	3.7	3.9	4.1	4.0	4.1	2.7	3.6	3.3	3.1	2.5	·	·	·
Income tax $B	0.3	0.4	0.3	1.0	0.3	0.1	0.2	0.5	1.7	0.5	0.3	−0.0	0.2	0.5	0.6	0.5	0.2	0.8	0.9
Net income $B	1.0	1.0	1.1	0.4	1.3	1.1	0.9	1.3	−1.7	−6.2	0.6	0.3	0.4	0.8	0.9	0.7	0.9	1.3	1.3
Free cash flow $B	−1.0	−1.1	−2.0	−0.2	0.3	−1.2	−0.2	−1.3	1.2	0.5	0.8	−0.6	0.0	−0.4	0.9	1.3	0.3	−0.7	0.1
EPS, diluted $	1.76	1.70	1.92	0.71	2.35	1.99	1.68	1.99	−3.88	−14.49	1.37	0.71	0.94	1.84	2.21	2.42	2.85	4.38	4.22
Dividend / sh $	1.78	1.70	1.60	1.56	1.56	1.56	1.53	1.82	1.44	1.44	1.44	1.44	1.65	2.20	2.20	2.20	2.20	·	·
Payout %	100	99	82	219	66	78	89	53	−37	−10	105	202	235	119	100	90	77	50	47
ROE %	8.2	8.5	10.7	4.3	16.1	15.2	13.2	25.1	−33.9	−66.2	4.7	2.4	3.0	5.8	8.0	8.5	10.4	16.2	·
Shares out B	0.58	0.58	0.57	0.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.42	0.42	0.42	0.42	0.30	0.30	0.30	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityElectric Services

Listed onNYSE

Incorporated inOhio

Fiscal year endsDecember 31

Data on record since2007