FirstEnergy (FE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

FirstEnergy

NYSE•Utilities•Utilities - Regulated Electric

$45.44+0.10(<0.01%)Market open

Market Cap

$26.43B

P/E

24.4x

P/S

1.7x

P/B

2.0x

FirstEnergy Corp., together with its subsidiaries, engages in the generation, distribution, and transmission of electricity in the United States. It operates through Distribution, Integrated, and Stand-Alone Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities. The company operates 252,959 distribution line miles and 24,157 transmission line miles, including overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.

How this company scores

WeakMetricSide Score: 32/100

Strongest: Growth (14/25); weakest: Cash & Earnings Quality (0/25).

Profitability10/25

Growth14/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality0/25

Strengths

Consistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 24.4x5y range 16.0x – 59.1x

Currently near its 20-quarter median.

P/S · 1.7x5y range 1.5x – 2.3x

Currently near its 20-quarter median.

P/B · 2.0x5y range 1.8x – 3.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 26.2% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $26.43B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $15.82B
Q. Revenue: $3.68B
TTM EBITDA: $2.31B
TTM Op. Income: $2.31B
Q. Op. Income: $677.00M
TTM Net Income: $1.08B
Q. Net Income: $288.00M
EPS: $0.5
Shares Out.: $578.00M

$15.82B in TTM revenue grew 12.6% YoY, reaching $3.68B last quarter. TTM EBITDA of $2.31B and TTM operating income of $2.31B show growth is flowing through to the bottom line. TTM net income of $1.08B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 18.4%
Op. Margin: 18.4%
Net Margin: 7.8%

Op. margin of 18.4% is down 0.7% YoY — costs are rising relative to revenue. Net margin at 7.8% Over the past year, operating margin is down 4% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 24.4x
P/S Ratio: 1.7x
P/B Ratio: 2.0x

At 24.4x P/E, the stock trades within typical market levels. P/S of 1.7x and P/B of 2.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 37% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $58.22B
Cash: $63.00M
Long-Term Debt: $27.10B
Book Value: $12.94B
D/E Ratio: 2.1
Debt/EBITDA: 40.0

With $58.22B in assets and $27.10B in long-term debt, D/E is 2.1and book value is $12.94B — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 5 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $989.00M
TTM Free Cash Flow: $-1.96B
FCF Margin: -12.4%
FCF / Net Income: -1.8

TTM FCF of $-1.96B on $989.00M in operating cash flow. The FCF / Net Income ratio of -1.8x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.