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Companies / Utilities / FirstEnergy
FE

FirstEnergy

UtilitiesElectric, Gas & WaterS&P 500
Ticker FEAKRON, OHFiscal year ends DecemberBook value per share $22.30Diluted shares 580.0M

FirstEnergy Corp. (NYSE: FE) is an investor-owned electric utility company engaged in the transmission, distribution and generation of electricity. Its regulated utilities serve more than six million customers across Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York, while its transmission… From the company’s description.

In fiscal 2025, FirstEnergy reported revenue of $15.09B, up 12.0% from fiscal 2024, and net income of $1.27B. Its operating margin was 14.6%, and operations generated $3.70B in cash. Over the twelve months to Jun 30, 2026, revenue was $15.82B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$15.09BFY2025
+12.0% year over year
Last 12 mo $15.82B
14.62%FY2025
−3 percentage points
Last 12 mo 14.60%
$1.27BFY2025
+12.8% year over year
Last 12 mo $1.36B
10.45%FY2025
+1.9 percentage points
Last 12 mo 8.39%
Cash & financing
$3.70BFY2025
+28.0% year over year
Last 12 mo $3.12B
$-1.00BFY2025
+11.8% year over year
Last 12 mo $-1.96B
2.12FY2025
Was 1.93× a year earlier
Last 12 mo 2.24
578.0MFY2025
+0.2% year over year
Last 12 mo 580.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What FirstEnergy does

In the company’s own words

FirstEnergy Corp. (NYSE: FE) is an investor-owned electric utility company engaged in the transmission, distribution and generation of electricity. Its regulated utilities serve more than six million customers across Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York, while its transmission operations span the PJM region. FirstEnergy reports three segments: Distribution, serving customers in Ohio and Pennsylvania; Integrated, combining distribution and transmission operations in New Jersey, West Virginia and Maryland with regulated generation; and Stand-Alone Transmission, comprising its interests in transmission companies. At December 31, 2025, the company’s electric distribution service area covered about 65,000 square miles and its FirstEnergy-owned transmission system included more than 24,000 miles of lines. Its generation operations include 3,610 megawatts of capacity controlled by Monongahela Power and Allegheny Generating, primarily serving regulated utility needs. FirstEnergy consolidated its Pennsylvania electric utilities into FirstEnergy Pennsylvania Electric Company in 2024. The company had 11,186 employees at year-end 2025. Its website is www.firstenergycorp.com.

Company details
Sector
Utilities
Industry (SIC)
Electric, Gas & Water
Headquarters
AKRON, OH
Fiscal year end
December
CIK
1031296
SIC
4911

Financial performance, year by year

Fiscal 2013–2025 · USD
$-8.38B$-1.78B$4.82B$11.42B$18.03B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns FirstEnergy — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

669
funds hold it
0 of 35
superinvestors hold it
$12.92B
held by funds, at market
47.1%
of shares held by funds
28
bond issues held by funds

Largest fund holders · FirstEnergy’s weight in each

—of fund net assets
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.04%of fund net assets
0.45%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

FirstEnergy’s bonds, as funds hold them

Funds report holding 28 issues of FirstEnergy’s debt, $2.43B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.85%, maturing 2027 to 2050.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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