financial statements

The full income statement, balance sheet, and cash-flow statement for FirstEnergy Corp. (FE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	15.1B YoY+12.0%	13.5B YoY+4.7%	12.9B YoY+3.3%	12.5B YoY+12.1%	11.1B YoY+3.8%
Provision for credit losses	—	73.0M YoY+812.5%	8.00M YoY-86.4%	59.0M YoY+9.3%	54.0M YoY-69.0%
Operating income	2.21B YoY-7.1%	2.38B YoY+4.8%	2.27B YoY+18.6%	1.91B YoY+10.7%	1.73B YoY-20.2%
Interest expense	1.22B YoY+6.4%	1.14B YoY+1.8%	1.12B YoY+8.2%	1.04B YoY-8.8%	1.14B YoY+6.9%
Other non-operating income	156M YoY-17.5%	189M YoY+15.2%	164M YoY-60.5%	415M YoY-14.6%	486M YoY+13.0%
Equity-method income	0.00 YoY-100.0%	58.0M YoY-66.9%	175M YoY+4.2%	168M YoY+441.9%	31.0M YoY+1450.0%
Pre-tax income	1.56B YoY+3.7%	1.50B YoY+2.7%	1.46B YoY+1.7%	1.44B YoY-7.7%	1.56B YoY+38.1%
Income tax	288M YoY-23.6%	377M YoY+41.2%	267M YoY-73.3%	1.00B YoY+212.5%	320M YoY+154.0%
	1.02B YoY+4.3%	978M YoY-11.3%	1.10B YoY+171.4%	406M YoY-68.4%	1.28B YoY+18.9%
Income from continuing operations	1.02B YoY+4.3%	978M YoY-12.9%	1.12B YoY+176.6%	406M YoY-67.2%	1.24B
Discontinued operations	—	—	—	0.00 YoY-100.0%	47.0M YoY-38.2%
Net income to non-controlling interest	251M YoY+68.5%	149M YoY+101.4%	74.0M YoY+124.2%	33.0M	0.00
Net income to common	—	—	—	—	1.28B YoY+18.9%
	$1.76 YoY+3.5%	$1.70 YoY-11.5%	$1.92 YoY+170.4%	$0.71 YoY-69.8%	$2.35 YoY+18.1%
EPS (basic)	$1.77 YoY+4.1%	$1.70 YoY-11.5%	$1.92 YoY+170.4%	$0.71 YoY-69.8%	$2.35 YoY+18.1%
Weighted-avg shares (basic)	577M YoY+0.3%	575M YoY+0.3%	573M YoY+0.4%	571M YoY+4.8%	545M YoY+0.6%
Weighted-avg shares (diluted)	578M YoY+0.2%	577M YoY+0.5%	574M YoY+0.3%	572M YoY+4.8%	546M YoY+0.6%
Dividends per share	$1.78 YoY+4.7%	$1.70 YoY+6.2%	$1.60 YoY+2.6%	$1.56 YoY+0.0%	$1.56 YoY+0.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.98B YoY+7.3%	2.78B YoY+8.1%	2.57B YoY+6.3%	2.42B YoY-25.4%	3.24B YoY-12.8%
Cash & equivalents	57.0M YoY-48.6%	111M YoY-19.0%	137M YoY-14.4%	160M YoY-89.1%	1.46B YoY-15.7%
Accounts receivable	1.73B YoY+12.8%	1.53B YoY+16.1%	1.32B YoY+0.0%	1.32B YoY+27.6%	1.03B YoY-14.1%
Inventory	577M YoY+5.1%	549M YoY+7.2%	512M YoY+21.6%	421M YoY+61.9%	260M YoY-18.0%
Other current assets	282M YoY+17.5%	240M YoY-18.1%	293M YoY+35.0%	217M YoY+16.0%	187M YoY+19.1%
	55.9B YoY+7.4%	52.0B YoY+6.7%	48.8B YoY+5.8%	46.1B YoY+1.5%	45.4B YoY+2.2%
Property, plant & equipment	40.1B YoY+0.0%	40.1B YoY+4.4%	38.4B YoY+5.9%	36.3B YoY+4.4%	34.7B YoY+4.4%
Operating lease right-of-use	276M YoY+21.1%	228M YoY+11.2%	205M YoY-21.8%	262M YoY-6.1%	279M YoY+5.3%
Goodwill	5.62B YoY+0.0%	5.62B YoY+0.0%	5.62B YoY+0.0%	5.62B YoY+0.0%	5.62B YoY+0.0%
Intangible assets	73.0M YoY+0.0%	73.0M YoY+0.0%	73.0M YoY+0.0%	73.0M YoY+0.0%	73.0M YoY+0.0%
Long-term investments	641M YoY-1.7%	652M YoY-1.7%	663M YoY+6.6%	622M YoY-5.0%	655M YoY+8.3%
Other non-current assets	1.42B YoY+11.3%	1.28B YoY+12.5%	1.14B YoY+0.2%	1.14B YoY+2.5%	1.11B YoY+0.1%
Total non-current assets	6.76B YoY+0.0%	6.76B YoY+0.0%	6.76B YoY+0.0%	6.76B YoY+0.0%	6.76B YoY+0.0%
	5.27B YoY+5.5%	5.00B YoY-7.2%	5.39B YoY+36.1%	3.96B YoY-10.4%	4.42B YoY-11.8%
Accounts payable	2.00B YoY+27.1%	1.57B YoY+15.6%	1.36B YoY-9.4%	1.50B YoY+59.4%	943M YoY+14.0%
Deferred revenue	250M YoY+7.3%	233M YoY+2.6%	227M YoY+1.8%	223M YoY+4.2%	214M
Short-term & current debt	723M YoY-26.0%	977M YoY-21.8%	1.25B YoY+256.1%	351M YoY-78.1%	1.61B YoY+1000.0%
Current lease liability	60.0M YoY+17.6%	51.0M YoY+8.5%	47.0M YoY-2.1%	48.0M YoY+23.1%	39.0M YoY-7.1%
Other current liabilities	287M YoY+32.9%	216M YoY-10.4%	241M YoY-33.8%	364M YoY+93.6%	188M YoY-46.0%
	42.0B YoY+9.5%	38.3B YoY+1.2%	37.9B YoY+6.7%	35.5B YoY+429.7%	6.70B YoY+0.0%
Non-current lease liability	227M YoY+18.2%	192M YoY+7.3%	179M YoY-27.5%	247M YoY-8.9%	271M YoY+3.0%
Deferred tax liabilities	6.03B YoY+7.5%	5.61B YoY+23.9%	4.53B YoY+7.8%	4.20B YoY+22.3%	3.44B YoY+11.1%
Other non-current liabilities	2.51B YoY-0.5%	2.52B YoY+16.2%	2.17B YoY+13.2%	1.92B YoY+3.1%	1.86B YoY+2.0%
Total non-current liabilities	36.7B YoY+10.1%	33.3B YoY+2.7%	32.5B YoY+3.0%	31.5B YoY+212.2%	10.1B YoY+0.0%
	12.5B YoY+0.4%	12.5B YoY+19.3%	10.4B YoY+2.7%	10.2B YoY+17.2%	8.68B YoY+19.9%
Common stock	850M YoY+0.0%	850M YoY+0.0%	850M YoY+0.0%	850M YoY+0.0%	850M YoY+0.0%
Additional paid-in capital	12.4B YoY+0.5%	12.4B YoY+17.9%	10.5B YoY-7.3%	11.3B YoY+10.6%	10.2B YoY+1.6%
Retained earnings	35.0M YoY-18.6%	43.0M YoY+144.3%	-97.0M YoY+91.9%	-1.20B YoY+25.3%	-1.60B YoY+44.4%
Accumulated other comprehensive income	-14.0M YoY+0.0%	-14.0M YoY+17.6%	-17.0M YoY-21.4%	-14.0M YoY+6.7%	-15.0M YoY-200.0%
Non-controlling interest	1.42B YoY+11.9%	1.26B YoY+164.1%	479M YoY+0.4%	477M	0.00
Total equity incl. non-controlling	13.9B YoY+1.5%	13.7B YoY+25.7%	10.9B YoY+2.6%	10.6B YoY+22.7%	8.68B YoY+19.9%
Total liabilities & equity	55.9B YoY+7.4%	52.0B YoY+6.7%	48.8B YoY+5.8%	46.1B YoY+1.5%	45.4B YoY+2.2%
Common shares issued	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%
Common shares outstanding	578M YoY+0.2%	577M YoY+0.4%	574M YoY+0.4%	572M YoY+0.3%	570M YoY+5.0%
Shares outstanding (cover)	578M YoY+0.2%	576M YoY+0.4%	574M YoY+0.4%	572M YoY+5.0%	544M YoY+0.3%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	3.70B YoY+28.0%	2.89B YoY+108.4%	1.39B YoY-48.3%	2.68B YoY-4.6%	2.81B YoY+97.5%
Depreciation & amortization	1.66B YoY+5.2%	1.58B YoY+8.2%	1.46B YoY+10.9%	1.32B YoY-20.9%	1.66B YoY+38.8%
Deferred income taxes	223M YoY-30.3%	320M YoY+25.5%	255M YoY-74.3%	993M YoY+229.9%	301M YoY+126.3%
Change in inventory	28.0M YoY-24.3%	37.0M YoY-59.3%	91.0M YoY-43.5%	161M YoY+382.5%	-57.0M YoY-278.1%
Other operating activities	-68.0M YoY-718.2%	11.0M YoY+130.6%	-36.0M YoY-165.5%	55.0M YoY+182.1%	-67.0M YoY-157.7%
	-5.07B YoY-16.4%	-4.35B YoY-19.1%	-3.65B YoY-18.7%	-3.08B YoY-20.2%	-2.56B YoY+12.0%
Capital expenditure	4.71B YoY+16.7%	4.03B YoY+20.1%	3.36B YoY+17.8%	2.85B YoY+14.5%	2.49B YoY-6.4%
Other investing activities	-28.0M YoY-1500.0%	2.00M YoY-80.0%	10.0M YoY+150.0%	4.00M YoY+140.0%	-10.0M YoY-300.0%
	1.31B YoY-8.6%	1.43B YoY-35.9%	2.24B YoY+345.4%	-912M YoY-68.3%	-542M YoY-120.8%
Long-term debt issued	5.92B YoY+182.1%	2.10B YoY-33.3%	3.15B YoY+350.0%	700M YoY-66.7%	2.10B YoY-38.7%
Long-term debt repaid	3.13B YoY+13.4%	2.76B YoY+414.0%	537M YoY-82.1%	3.00B YoY+464.8%	532M YoY-52.2%
Common stock issued	—	—	0.00	0.00 YoY-100.0%	1.00B
Dividends paid	1.02B YoY+4.7%	970M YoY+7.1%	906M YoY+1.7%	891M YoY+4.9%	849M YoY+0.5%
Other financing activities	-145M YoY-16.0%	-125M YoY-73.6%	-72.0M YoY+52.6%	-152M YoY-149.2%	-61.0M YoY-10.9%
Net change in cash	-55.0M YoY-120.0%	-25.0M YoY+7.4%	-27.0M YoY+97.9%	-1.30B YoY-350.0%	-290M YoY-125.8%
Interest paid	999M YoY-5.9%	1.06B YoY+6.0%	1.00B YoY-1.9%	1.02B YoY-5.9%	1.08B YoY+11.9%
Income taxes paid	73.0M YoY-54.7%	161M YoY+177.6%	58.0M YoY+176.2%	21.0M YoY+400.0%	-7.00M YoY-216.7%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	25.9B YoY+12.8%	22.9B YoY+9.0%	21.0B YoY-12.3%	24.0B YoY+5.9%	22.6B YoY+36.3%
P/E	25.4× YoY+8.2%	23.4× YoY-41.6%	40.1× YoY+106.9%	19.4× YoY+9.9%	17.6× YoY+14.7%
P/S	1.7× YoY+0.7%	1.7× YoY+4.4%	1.6× YoY-19.0%	2.0× YoY-1.2%	2.0× YoY+31.3%
P/B	2.1× YoY+12.3%	1.8× YoY-8.4%	2.0× YoY-9.8%	2.2× YoY-14.7%	2.6× YoY+13.7%
P/FCF	—	—	—	—	69.9×
Earnings yield	3.9% YoY-7.5%	4.3% YoY+71.3%	2.5% YoY-51.7%	5.2% YoY-9.0%	5.7% YoY-12.8%
FCF yield	—	—	—	—	1.4%
Dividend yield	4.0% YoY-7.0%	4.3% YoY-2.1%	4.4% YoY+17.3%	3.7% YoY-0.8%	3.8% YoY-26.4%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: FE's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FE filings on SEC EDGAR → Not investment advice.

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About this data

financial statements