FirstEnergy (FE): financials, SEC filings and peers

FirstEnergy (FE) is an electric utilities company in the Utilities sector of the S&P 500, headquartered in Akron, Ohio.

It was founded in 1997 and joined the S&P 500 on November 28, 1997.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “Electric Services”.

FirstEnergy at a glance

Revenue (12 months): $15.5B
Revenue growth: +11.3%
Operating margin: 14.7%
Net income (12 months): $1.1B
Free cash flow (12 months): −$1.7B
Cash: $52M
Debt: $28.1B
Diluted EPS (12 months): $1.83

Twelve months to March 31, 2026, from the 10-Q filed April 28, 2026.

Latest twelve months

Over the twelve months to March 31, 2026, FirstEnergy reported revenue of $15.5 billion, up 11.3% from a year earlier.

Its operating margin was 14.7%, down 3.4 percentage points from a year earlier: for every $100 of sales, about $15 was left as operating profit.

Net income was $1.1 billion (6.9% of revenue), 1.8% lower than a year earlier.

Operating cash flow was $3.2 billion and capital spending $5.0 billion, leaving free cash flow of −$1.7 billion (-11.2% of revenue). Capital spending equal to 32% of revenue is high; the company is investing heavily.

At the end of the period it held $52 million in cash and $28.1 billion in debt, a net debt position of $28.0 billion.

Five-year trend

Revenue went from $10.8 billion in fiscal 2020 to $15.1 billion in fiscal 2025, about 6.9% a year.
Revenue has grown for 5 fiscal years in a row.
Operating margin narrowed from 20.0% to 14.6% over the same years.
Free cash flow was negative in 5 of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$11.1B	$12.5B	$12.9B	$13.5B	$15.1B
Revenue growth	3.2%	11.9%	3.3%	4.7%	12.0%
Operating margin	15.5%	15.3%	17.6%	17.6%	14.6%
Net income	$1.3B	$406M	$1.1B	$978M	$1.0B
Free cash flow	$324M	−$165M	−$2.0B	−$1.1B	−$1.0B
Diluted EPS	$2.35	$0.71	$1.92	$1.70	$1.76

Fiscal years as reported in FirstEnergy’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed July 28, 2026 — quarterly report
8-K filed July 28, 2026 — Earnings results; Regulation FD disclosure
8-K filed June 1, 2026 — Regulation FD disclosure
8-K filed May 20, 2026 — Material agreement; Shareholder vote results
10-Q filed April 28, 2026 — quarterly report
8-K filed April 28, 2026 — Earnings results; Regulation FD disclosure
10-K filed February 18, 2026 — annual report
8-K filed February 17, 2026 — Earnings results; Regulation FD disclosure

All FirstEnergy filings on SEC EDGAR

Companies like FirstEnergy

Other S&P 500 companies in Electric Utilities:

More from Utilities

All 31 Utilities companies →

Questions about FirstEnergy

Is FirstEnergy's revenue growing?

Yes. Revenue for the twelve months to March 31, 2026 was $15.5 billion, up 11.3% from a year earlier, according to its SEC filings.

Is FirstEnergy profitable?

Yes. It earned $1.1 billion in net income over the twelve months to March 31, 2026, a net margin of 6.9%.

Does FirstEnergy have more cash or more debt?

At March 31, 2026 it had $52 million in cash and $28.1 billion in debt, so more debt than cash.

When did FirstEnergy last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on July 28, 2026.

Which companies are similar to FirstEnergy?

In the S&P 500, FirstEnergy is grouped in Electric Utilities within the Utilities sector. American Electric Power (AEP), Constellation Energy (CEG), Duke Energy (DUK), Edison International (EIX), Eversource Energy (ES) are in the same group.

Understand the numbers

Source: FirstEnergy’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.