FirstEnergy Corp. (FE) Financial Statements
FirstEnergy financial statements at a glance
FirstEnergy reported revenue of $15.09 billion for fiscal year 2025 (ended December 31, 2025), up 15.0% from fiscal year 2024. Net income was $1.02 billion, a net margin of 6.8%, and diluted earnings per share were $1.76.
At the end of fiscal year 2025 it had total assets of $55.90 billion, total liabilities of $41.98 billion and shareholders' equity of $12.51 billion, with cash and short-term investments of $57.00 million and total debt of $26.56 billion.
Its operations brought in $3.70 billion of cash; capital spending was $4.71 billion, leaving free cash flow of -$1.01 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
FirstEnergy Corp.
Income Statement
Annual • USD
FirstEnergy key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $15.1B | $13.1B | $12.5B | $11.8B | $11.1B |
| Gross profit | $9.9B | – | – | – | $7.7B |
| Operating income | $2.8B | $2.3B | $2.2B | $1.8B | $1.8B |
| Net income | $1.0B | $978.0M | $1.1B | $406.0M | $1.3B |
| Diluted EPS | $1.76 | – | – | – | $2.35 |
| Total assets | $55.9B | $52.0B | $48.8B | $46.1B | $45.4B |
| Total liabilities | $42.0B | $39.6B | $38.3B | $35.9B | $36.8B |
| Shareholders' equity | $12.5B | $12.5B | $10.4B | $10.2B | $8.7B |
| Cash and short-term investments | $57.0M | – | – | – | $1.5B |
| Total debt | $26.6B | $24.0B | $24.9B | $21.7B | $23.9B |
| Operating cash flow | $3.7B | $2.9B | $1.4B | $2.7B | $2.8B |
| Capital spending | $4.7B | – | – | – | $2.4B |
| Free cash flow | -$1.0B | – | – | – | $2.8B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was FirstEnergy's revenue in fiscal year 2025?
$15.09 billion, up 15.0% from $13.12 billion in fiscal year 2024.
How much profit does FirstEnergy make?
FirstEnergy reported net income of $1.02 billion for fiscal year 2025 (6.8% of revenue); operating income was $2.83 billion.
How much cash and debt does FirstEnergy have?
At the end of fiscal year 2025: cash and short-term investments of $57.00 million and total debt of $26.56 billion.
What is FirstEnergy's free cash flow?
-$1.01 billion in fiscal year 2025 (operating cash flow of $3.70 billion minus capital spending of $4.71 billion).
