A Business at a Glance
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Combined Notes to Financial Statements of the Registrants 1. ORGANIZATION AND BASIS OF PRESENTATION Defined terms and abbreviations used herein have the meanings set forth in the accompanying Glossary of Terms. This is a combined set of financial statements filed separately for FirstEnergy and JCP&L. Unless otherwise indicated, the disclosures in these notes apply to each of the Registrants. For clarification purposes, disclosures made herein on behalf of FirstEnergy should be read to be made on behalf of JCP&L unless expressly stated otherwise. FE was incorporated under Ohio law in 1996. FE’s principal business is the holding, directly or indirectly, of all of the outstanding equity of its principal subsidiaries: OE, CEI, TE, FE PA, JCP&L, FESC, MP, AGC, PE and KATCo. Additionally, FET is a VIE of FE, and is the parent company of ATSI, MAIT and TrAIL.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 15.1B | 15.1B | 13.5B | 12.9B | 12.5B | 11.1B |
| Net Income | 1.0B | 1.0B | 978M | 1.1B | 406M | 1.3B |
| EPS | $1.76 | $1.76 | $1.70 | $1.92 | $0.71 | $2.35 |
| Free Cash Flow | -1.0B | -1.0B | -1.1B | -2.0B | -165M | 366M |
| ROIC | 4.4% | 4.8% | 4.9% | 5.3% | 3.6% | 4.6% |
| Gross Margin | 33.3% | 33.3% | 31.4% | 31.5% | 30.5% | 40.7% |
| Debt/Equity | 2.12 | 2.12 | 1.93 | 2.39 | 2.13 | 2.75 |
| Dividends/Share | $1.75 | $1.78 | $1.70 | $1.60 | $1.56 | $1.56 |
| Operating Income | 2.2B | 2.2B | 2.4B | 2.3B | 1.9B | 1.7B |
| Operating Margin | 14.6% | 14.6% | 17.6% | 17.6% | 15.3% | 15.5% |
| ROE | 8.2% | 8.2% | 7.9% | 10.6% | 4.0% | 14.8% |
| Shares Outstanding | 580M | 580M | 575M | 574M | 572M | 546M |
FIRSTENERGY CORP passes 2 of 9 quality checks, indicating weak fundamentals.
FIRSTENERGY CORP trades at 29.0x trailing earnings, compared to its 15-year median P/E of 19.8x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 4.6% with a gross margin of 33.5%. Total shareholder yield (dividends) is 3.4%. At current prices, the estimated annualized return to fair value is -28.4%.
FIRSTENERGY CORP (FE) has a current P/E ratio of 29.0, compared to its historical median P/E of 19.8. The stock is currently considered Fair based on its historical valuation range.
FIRSTENERGY CORP (FE) has a 5-year average return on invested capital (ROIC) of 4.6%. This is below average and may indicate limited pricing power.
FIRSTENERGY CORP (FE) has a market capitalization of $29.6B. It is classified as a large-cap stock.
Yes, FIRSTENERGY CORP (FE) pays a dividend with a trailing twelve-month yield of 3.43%.
Based on historical P/E analysis, FIRSTENERGY CORP (FE) appears fair. The current P/E of 29.0 is 47% above its historical median of 19.8. The estimated fair value CAGR (P/E method) is -1.1%.
FIRSTENERGY CORP (FE) operates in the Electric Services industry, within the Utilities sector.
FIRSTENERGY CORP (FE) reported annual revenue of $15.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
FIRSTENERGY CORP (FE) has a net profit margin of 6.8%. This is a modest margin.
FIRSTENERGY CORP (FE) generated $-1.0 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
FIRSTENERGY CORP (FE) has a debt-to-equity ratio of 2.12. This indicates higher leverage, which may increase financial risk.
FIRSTENERGY CORP (FE) reported earnings per share (EPS) of $1.76 in its most recent fiscal year.
FIRSTENERGY CORP (FE) has a return on equity (ROE) of 8.2%. This indicates moderate shareholder returns.
FIRSTENERGY CORP (FE) has a 5-year average gross margin of 33.5%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for FIRSTENERGY CORP (FE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FIRSTENERGY CORP (FE) has a book value per share of $21.59, based on its most recent annual SEC filing.