15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $15.1B | $1.0B | 0.0% | 14.6% | -$1.0B | — | $57M |
| 2024 | $13.5B | $978M | 0.0% | 17.6% | -$1.1B | — | $111M |
| 2023 | $12.9B | $1.1B | 0.0% | 17.6% | -$2.0B | — | $137M |
| 2022 | $12.5B | $406M | 0.0% | 15.3% | -$165M | — | $160M |
| 2021 | $11.1B | $1.3B | 0.0% | 15.5% | $324M | — | $1.5B |
| 2020 | $10.8B | $1.1B | 0.0% | 20.0% | -$1.2B | — | $1.7B |
| 2019 | $11.0B | $912M | 0.0% | 22.7% | -$198M | — | $627M |
| 2018 | $11.3B | $1.3B | 0.0% | 22.2% | -$1.3B | — | $367M |
| 2017 | $10.9B | -$1.7B | 0.0% | 22.2% | $1.2B | — | $588M |
| 2016 | $10.7B | -$6.2B | 0.0% | 19.2% | $548M | — | $199M |
| 2015 | $15.0B | $578M | 0.0% | 15.3% | $756M | — | $131M |
| 2014 | $15.0B | $299M | 0.0% | 7.1% | -$599M | — | $85M |
| 2013 | $14.9B | $392M | 0.0% | 10.6% | — | — | $218M |
| 2012 | $15.3B | $770M | 0.0% | 14.0% | — | — | $172M |
| 2011 | — | $885M | — | — | $934M | — | $202M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $4.2B | $405M | 0.0% | 19.7% | -$1.1B | — | $52M |
| Dec '25 | $3.8B | -$49M | 0.0% | -0.6% | -$30M | — | $57M |
| Sep '25 | $4.1B | $441M | 0.0% | 20.0% | -$471M | — | $1.4B |
| Jun '25 | $3.4B | $268M | 0.0% | 19.1% | -$136M | — | $569M |
| Mar '25 | $3.8B | $360M | 0.0% | 20.0% | -$368M | — | $132M |
| Dec '24 | $3.2B | $261M | 0.0% | 19.3% | -$250M | — | $111M |
| Sep '24 | $3.7B | $419M | 0.0% | 19.5% | -$229M | — | $439M |
| Jun '24 | $3.3B | $45M | 0.0% | 12.9% | $170M | — | $60M |
| Mar '24 | $3.3B | $253M | 0.0% | 18.6% | -$830M | — | $888M |
| Dec '23 | $3.1B | $175M | 0.0% | 18.1% | -$132M | — | $137M |
| Sep '23 | $3.5B | $400M | 0.0% | 19.1% | -$206M | — | $118M |
| Jun '23 | $3.0B | $235M | 0.0% | 16.0% | -$870M | — | $171M |
| Mar '23 | $3.2B | $292M | 0.0% | 17.1% | -$761M | — | $177M |
| Dec '22 | $3.2B | -$403M | 0.0% | 12.6% | -$150M | — | $160M |
| Sep '22 | $3.5B | $334M | 0.0% | 14.5% | -$112M | — | $251M |
| Jun '22 | $2.8B | $187M | 0.0% | 15.9% | $281M | — | $478M |
| Mar '22 | $3.0B | $288M | 0.0% | 18.7% | -$184M | — | $283M |
| Dec '21 | $2.7B | $427M | 0.0% | 8.4% | $30M | — | $1.5B |
| Sep '21 | $3.1B | $463M | 0.0% | 20.2% | $215M | — | $577M |
| Jun '21 | $2.6B | $58M | 0.0% | 11.9% | $192M | — | $1.3B |
How the market has priced FE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, FirstEnergy's revenue has grown 6.9% per year, and net income declined 1.1% per year. These are computed facts, not advice.
As of FY2025, FirstEnergy reported — of total debt against $57M of cash; operating income covered interest expense 1.8×.
In FY2025, gross margin was —, operating margin 14.6%, and net margin 6.8%.
As of Jun '26, FirstEnergy traded at a price-to-earnings ratio of about 27.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.