Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Firstenergy Corp

FE · NYSE · Utilities

Fundamental quality

DEMANDING

39

out of 100

Firstenergy Corp's profile is defined by leverage: it carries high debt (6.98× EBITDA) on thin margins (6.9%), which makes it more sensitive to rates and the cycle. On fundamental quality it scores 39 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its financial strength (net debt 6.98× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

FirstEnergy is the utility of America's eastern industrial valleys: ten distribution companies bringing power to six states between Ohio and New Jersey. After starring in one of the sector's biggest bribery scandals, it reinvented itself as a pure regulated utility on a reputation cure.

What will shape its future

  • Regulated rates across its six states, its only real revenue source.
  • Grid investment, the regulator-approved growth.
  • Post-scandal reputation: every regulatory decision still carries its past.

Breakdown by area

I.Growth
40

EPS growth: -0.2% · Revenue growth: 7.2%

II.Profitability
54

Net margin: 6.9% · ROE: 8.4% · ROIC: 4.6%

III.Financial health
22

Net debt/EBITDA: 6.98x · FCF: -11.2%

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its financial strength drags it down the most.

Versus its sector

Percentile against the other 24 Utilities companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 25%
ROEbeats 13%
Growthbeats 46%
Cash generationbeats 29%
Less debtbeats 5%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Firstenergy Corp strengths

  • Revenue rising without interruption since 2020.

Firstenergy Corp risks and weaknesses

  • Very high leverage (net debt of 6.98× EBITDA): more exposed to rates and to a rough patch.
  • Negative free cash flow: the business burns cash.
  • Declining earnings per share (-0.2% annualized).
  • Erratic free cash flow, with several years in the red.

Firstenergy Corp historical evolution

YearRevenueNet incomeFree cash flowNet debt
202010,7901,079-1,23420,543
202111,1321,28332422,392
202212,459406-16521,394
202312,8701,102-1,96923,998
202413,472978-1,13923,362
202515,0901,020-1,00526,174

Between 2020 and 2025, revenue went from $10,790M to $15,090M (+40%) and net income went from $1,079M to $1,020M (-5%). Meanwhile, its margins have narrowed (from 10% to 7%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+11.6%
  • Net income+12.5%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$1.76

per share, yearly

99.6% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Firstenergy Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Firstenergy Corp a good company to invest in?

In terms of business quality, Firstenergy Corp scores 39 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Firstenergy Corp a profitable company?

Firstenergy Corp is profitable, with a net margin of 6.9%, though a thin one.

Does Firstenergy Corp have a lot of debt?

Yes, its leverage is high: net debt is 6.98 times its EBITDA.

Is Firstenergy Corp growing?

Its revenue has grown 7.2% annualized in recent years, and without interruption since 2020.

Does Firstenergy Corp generate cash?

Over the last twelve months its free cash flow was negative.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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