F

FIRSTENERGY CORP

FE · CIK 0001031296

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$15.09B12.0%
FY2025
Net income (FY)
$1.02B4.3%
FY2025
Free cash flow (FY)
−$1.00B11.8%
FY2025
Diluted EPS (FY)
$1.763.5%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10BFY2007 · Revenue $12.80B · Net income $1.31B · 0001031296-10-000011 · filed 2010-02-19FY07Revenue $12.80BNet income $1.31B0001031296-10-000011 · filed 2010-02-19FY2008 · Revenue $13.63B · Net income $1.34B · 0001031296-10-000011 · filed 2010-02-19 · 0000950123-11-014700 · filed 2011-02-16FY08Revenue $13.63BNet income $1.34B0001031296-10-000011 · filed 2010-02-19 · 0000950123-11-014700 · filed 2011-02-16FY2009 · Revenue $12.97B · Net income $872.0M · 0001031296-10-000011 · filed 2010-02-19 · 0001031296-12-000012 · filed 2012-02-28FY09Revenue $12.97BNet income $872.0M0001031296-10-000011 · filed 2010-02-19 · 0001031296-12-000012 · filed 2012-02-28FY2010 · Revenue $13.34B · Net income $742.0M · 0001031296-13-000010 · filed 2013-02-25FY10Revenue $13.34BNet income $742.0M0001031296-13-000010 · filed 2013-02-25FY2011 · Revenue $16.11B · Net income $885.0M · 0001031296-14-000010 · filed 2014-02-27FY11Revenue $16.11BNet income $885.0M0001031296-14-000010 · filed 2014-02-27FY2012 · Revenue $15.25B · Net income $770.0M · 0001031296-15-000011 · filed 2015-02-17FY12Revenue $15.25BNet income $770.0M0001031296-15-000011 · filed 2015-02-17FY2013 · Revenue $14.89B · Net income $392.0M · 0001031296-16-000071 · filed 2016-02-16FY13Revenue $14.89BNet income $392.0M0001031296-16-000071 · filed 2016-02-16FY2014 · Revenue $15.05B · Net income $299.0M · 0001031296-17-000015 · filed 2017-02-21FY14Revenue $15.05BNet income $299.0M0001031296-17-000015 · filed 2017-02-21FY2015 · Revenue $15.03B · Net income $578.0M · 0001031296-18-000015 · filed 2018-02-20FY15Revenue $15.03BNet income $578.0M0001031296-18-000015 · filed 2018-02-20FY2016 · Revenue $10.70B · Net income −$6.18B · 0001031296-19-000010 · filed 2019-02-19FY16Revenue $10.70BNet income −$6.18B0001031296-19-000010 · filed 2019-02-19FY2017 · Revenue $10.93B · Net income −$1.72B · 0001031296-20-000008 · filed 2020-02-10FY17Revenue $10.93BNet income −$1.72B0001031296-20-000008 · filed 2020-02-10FY2018 · Revenue $10.94B · Net income $1.35B · 0001031296-21-000020 · filed 2021-02-18FY18Revenue $10.94BNet income $1.35B0001031296-21-000020 · filed 2021-02-18FY2019 · Revenue $10.80B · Net income $912.0M · 0001031296-22-000013 · filed 2022-02-16FY19Revenue $10.80BNet income $912.0M0001031296-22-000013 · filed 2022-02-16FY2020 · Revenue $10.70B · Net income $1.08B · 0001031296-22-000013 · filed 2022-02-16 · 0001031296-23-000014 · filed 2023-02-13FY20Revenue $10.70BNet income $1.08B0001031296-22-000013 · filed 2022-02-16 · 0001031296-23-000014 · filed 2023-02-13FY2021 · Revenue $11.11B · Net income $1.28B · 0001031296-22-000013 · filed 2022-02-16 · 0001031296-24-000008 · filed 2024-02-13FY21Revenue $11.11BNet income $1.28B0001031296-22-000013 · filed 2022-02-16 · 0001031296-24-000008 · filed 2024-02-13FY2022 · Revenue $12.46B · Net income $406.0M · 0001031296-25-000006 · filed 2025-02-27FY22Revenue $12.46BNet income $406.0M0001031296-25-000006 · filed 2025-02-27FY2023 · Revenue $12.87B · Net income $1.10B · 0001031296-26-000046 · filed 2026-02-18FY23Revenue $12.87BNet income $1.10B0001031296-26-000046 · filed 2026-02-18FY2024 · Revenue $13.47B · Net income $978.0M · 0001031296-26-000046 · filed 2026-02-18FY24Revenue $13.47BNet income $978.0M0001031296-26-000046 · filed 2026-02-18FY2025 · Revenue $15.09B · Net income $1.02B · 0001031296-26-000046 · filed 2026-02-18FY25Revenue $15.09BNet income $1.02B0001031296-26-000046 · filed 2026-02-18FY25Revenue $15.09BNet income $1.02B0001031296-26-000046 · filed 2026-02-18FY07FY10FY13FY16FY19FY22FY25

revenue 1.2× since FY2007 · net margin 10.2% → 6.8%

MarginsNet marginFCF margin
-60%-40%-20%0%FY2007 · Net margin 10.2% · FCF margin 0.5%FY07Net margin 10.2%FCF margin 0.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 9.8% · FCF margin -4.9%FY08Net margin 9.8%FCF margin -4.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 6.7% · FCF margin 2.0%FY09Net margin 6.7%FCF margin 2.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 5.6% · FCF margin 9.7%FY10Net margin 5.6%FCF margin 9.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 5.5% · FCF margin 5.8%FY11Net margin 5.5%FCF margin 5.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 5.0% · FCF margin -2.3%FY12Net margin 5.0%FCF margin -2.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 2.6% · FCF margin 0.2%FY13Net margin 2.6%FCF margin 0.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 2.0% · FCF margin -4.0%FY14Net margin 2.0%FCF margin -4.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 3.8% · FCF margin 5.0%FY15Net margin 3.8%FCF margin 5.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin -57.7% · FCF margin 5.1%FY16Net margin -57.7%FCF margin 5.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin -15.8% · FCF margin 11.2%FY17Net margin -15.8%FCF margin 11.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 12.3% · FCF margin -11.6%FY18Net margin 12.3%FCF margin -11.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 8.4% · FCF margin -1.8%FY19Net margin 8.4%FCF margin -1.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 10.1% · FCF margin -11.5%FY20Net margin 10.1%FCF margin -11.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 11.5% · FCF margin 2.9%FY21Net margin 11.5%FCF margin 2.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 3.3% · FCF margin -1.3%FY22Net margin 3.3%FCF margin -1.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 8.6% · FCF margin -15.3%FY23Net margin 8.6%FCF margin -15.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 7.3% · FCF margin -8.5%FY24Net margin 7.3%FCF margin -8.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 6.8% · FCF margin -6.7%FY25Net margin 6.8%FCF margin -6.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 6.8%FCF margin -6.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 6.8% · free cash flow -6.7% of revenue

Cash engineOperating cash flowFree cash flow
−$2B$0$2B$4BFY2007 · OCF $1.70B · FCF $66.0M · 0001031296-10-000011 · filed 2010-02-19FY07OCF $1.70BFCF $66.0M0001031296-10-000011 · filed 2010-02-19FY2008 · OCF $2.22B · FCF −$664.0M · 0000950123-11-014700 · filed 2011-02-16FY08OCF $2.22BFCF −$664.0M0000950123-11-014700 · filed 2011-02-16FY2009 · OCF $2.46B · FCF $262.0M · 0001031296-12-000012 · filed 2012-02-28FY09OCF $2.46BFCF $262.0M0001031296-12-000012 · filed 2012-02-28FY2010 · OCF $3.08B · FCF $1.30B · 0001031296-12-000012 · filed 2012-02-28FY10OCF $3.08BFCF $1.30B0001031296-12-000012 · filed 2012-02-28FY2011 · OCF $3.06B · FCF $934.0M · 0001031296-12-000012 · filed 2012-02-28FY11OCF $3.06BFCF $934.0M0001031296-12-000012 · filed 2012-02-28FY2012 · OCF $2.32B · FCF −$358.0M · 0001031296-15-000011 · filed 2015-02-17FY12OCF $2.32BFCF −$358.0M0001031296-15-000011 · filed 2015-02-17FY2013 · OCF $2.66B · FCF $24.0M · 0001031296-16-000071 · filed 2016-02-16FY13OCF $2.66BFCF $24.0M0001031296-16-000071 · filed 2016-02-16FY2014 · OCF $2.71B · FCF −$599.0M · 0001031296-17-000015 · filed 2017-02-21FY14OCF $2.71BFCF −$599.0M0001031296-17-000015 · filed 2017-02-21FY2015 · OCF $3.46B · FCF $756.0M · 0001031296-18-000015 · filed 2018-02-20FY15OCF $3.46BFCF $756.0M0001031296-18-000015 · filed 2018-02-20FY2016 · OCF $3.38B · FCF $548.0M · 0001031296-19-000010 · filed 2019-02-19FY16OCF $3.38BFCF $548.0M0001031296-19-000010 · filed 2019-02-19FY2017 · OCF $3.81B · FCF $1.22B · 0001031296-20-000008 · filed 2020-02-10FY17OCF $3.81BFCF $1.22B0001031296-20-000008 · filed 2020-02-10FY2018 · OCF $1.41B · FCF −$1.26B · 0001031296-21-000020 · filed 2021-02-18FY18OCF $1.41BFCF −$1.26B0001031296-21-000020 · filed 2021-02-18FY2019 · OCF $2.47B · FCF −$198.0M · 0001031296-22-000013 · filed 2022-02-16FY19OCF $2.47BFCF −$198.0M0001031296-22-000013 · filed 2022-02-16FY2020 · OCF $1.42B · FCF −$1.23B · 0001031296-23-000014 · filed 2023-02-13FY20OCF $1.42BFCF −$1.23B0001031296-23-000014 · filed 2023-02-13FY2021 · OCF $2.81B · FCF $324.0M · 0001031296-24-000008 · filed 2024-02-13FY21OCF $2.81BFCF $324.0M0001031296-24-000008 · filed 2024-02-13FY2022 · OCF $2.68B · FCF −$165.0M · 0001031296-25-000006 · filed 2025-02-27FY22OCF $2.68BFCF −$165.0M0001031296-25-000006 · filed 2025-02-27FY2023 · OCF $1.39B · FCF −$1.97B · 0001031296-26-000046 · filed 2026-02-18FY23OCF $1.39BFCF −$1.97B0001031296-26-000046 · filed 2026-02-18FY2024 · OCF $2.89B · FCF −$1.14B · 0001031296-26-000046 · filed 2026-02-18FY24OCF $2.89BFCF −$1.14B0001031296-26-000046 · filed 2026-02-18FY2025 · OCF $3.70B · FCF −$1.00B · 0001031296-26-000046 · filed 2026-02-18FY25OCF $3.70BFCF −$1.00B0001031296-26-000046 · filed 2026-02-18FY25OCF $3.70BFCF −$1.00B0001031296-26-000046 · filed 2026-02-18’09’13’17’21’25

FY2025: $3.70B operating cash − $4.71B capex = −$1.00B free cash flow

Returns on capitalReturn on equityReturn on assets
-100%-50%0%FY2008 · ROE 16.2% · ROA 4.0%FY08ROE 16.2%ROA 4.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 10.2% · ROA 2.5%FY09ROE 10.2%ROA 2.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 8.3% · ROA 2.1%FY10ROE 8.3%ROA 2.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 6.7% · ROA 1.9%FY11ROE 6.7%ROA 1.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 5.9% · ROA 1.5%FY12ROE 5.9%ROA 1.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 3.1% · ROA 0.8%FY13ROE 3.1%ROA 0.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 2.4% · ROA 0.6%FY14ROE 2.4%ROA 0.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 4.7% · ROA 1.1%FY15ROE 4.7%ROA 1.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE -99.0% · ROA -14.3%FY16ROE -99.0%ROA -14.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE -43.9% · ROA -4.1%FY17ROE -43.9%ROA -4.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 19.8% · ROA 3.4%FY18ROE 19.8%ROA 3.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 13.1% · ROA 2.2%FY19ROE 13.1%ROA 2.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 14.9% · ROA 2.4%FY20ROE 14.9%ROA 2.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 14.8% · ROA 2.8%FY21ROE 14.8%ROA 2.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 4.0% · ROA 0.9%FY22ROE 4.0%ROA 0.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 10.6% · ROA 2.3%FY23ROE 10.6%ROA 2.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 7.9% · ROA 1.9%FY24ROE 7.9%ROA 1.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 8.2% · ROA 1.8%FY25ROE 8.2%ROA 1.8%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 8.2%ROA 1.8%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 16% (FY2008) → 8% (FY2025) · on assets 1.8%

Balance sheetLiabilitiesEquity
$0$20B$40BFY2022 · Liabilities $35.47B · Equity $10.17BFY22Liabilities $35.47BEquity $10.17B0001031296-24-000008 · filed 2024-02-13FY2023 · Liabilities $37.85B · Equity $10.44BFY23Liabilities $37.85BEquity $10.44B0001031296-25-000006 · filed 2025-02-27FY2024 · Liabilities $38.32B · Equity $12.46BFY24Liabilities $38.32BEquity $12.46B0001031296-26-000046 · filed 2026-02-18FY2025 · Liabilities $41.98B · Equity $12.51BFY25Liabilities $41.98BEquity $12.51B0001031296-26-000046 · filed 2026-02-18FY25Liabilities $41.98BEquity $12.51B0001031296-26-000046 · filed 2026-02-18’22’23’24’25

FY2025: $55.90B assets · $41.98B liabilities · $12.51B equity

The receipts