Utilities · Electric Utilities

FirstEnergy: revenue, profit and dividends

In fiscal 2025, FirstEnergy had revenue of $15.1B, up 0.0% a year on average since 2015, and net income of $1.02B (6.8% of revenue). Its dividend per share has gone up 3 years in a row, to $1.78. It has 36% more shares than in 2015.

Revenue, fiscal 2025

$15.1B0.0% a year

average annual revenue growth since 2015 · +12.0% vs 2024

Net income, 2025

$1.02B

6.8% of revenue

Diluted EPS, 2025

$1.76

2.5% a year since 2015

Dividend per share, 2025

$1.78

raised 3 years in a row

Revenue growth, 5 years

6.9% a year

since 2020

Shares, 2025

578M

+36.3% since 2015

Free cash flow, 2025

−$1.0B

$3.7B from operations − $4.71B capex

Ticker: FE · NYSE
Sector: Utilities
Sub-industry: Electric Utilities
Headquarters: Akron, Ohio
Founded: 1997
In the S&P 500 since: November 28, 1997
Latest fiscal year: 2025, ended December 31, 2025
SEC filer: Firstenergy Corp · CIK 0001031296

Revenue and net income

Revenue went from $12.8B in 2007 to $15.1B in 2025. Net loss in 2016–2017.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $4.22 in 2007 to $1.76 in 2025. Ten-year growth: 2.5% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 3 years in a row, every year from 2023 to 2025. Ten-year growth: 2.1% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

36.3% more shares in 2025 than in 2015 (424M → 578M): new shares outweighed buybacks.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was −$1.0B in 2025, −6.7% of revenue. Negative in 2008, 2012, 2014, 2018–2020, 2022–2025.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2025	$15.1B	$1.02B	6.8%	$1.76	$1.78	578M	$3.7B	$4.71B	−$1.0B
2024	$13.5B	$978M	7.3%	$1.70	$1.70	577M	$2.89B	$4.03B	−$1.14B
2023	$12.9B	$1.1B	8.6%	$1.92	$1.60	574M	$1.39B	$3.36B	−$1.97B
2022	$12.5B	$406M	3.3%	$0.71	$1.56	572M	$2.68B	$2.85B	−$165M
2021	$11.1B	$1.28B	11.5%	$2.35	$1.56	546M	$2.81B	$2.49B	$324M
2020	$10.8B	$1.08B	10.0%	$1.99	$1.56	543M	$1.42B	$2.66B	−$1.23B
2019	$11B	$912M	8.3%	$1.68	$1.53	542M	$2.47B	$2.67B	−$198M
2018	$11.3B	$1.35B	12.0%	$1.99	$1.82	494M	$1.41B	$2.67B	−$1.26B
2017	$10.9B	−$1.72B	−15.8%	−$3.88	$1.44	444M	$3.81B	$2.59B	$1.22B
2016	$10.7B	−$6.18B	−57.7%	−$14.49	$1.44	426M	$3.38B	$2.83B	$548M
2015	$15B	$578M	3.8%	$1.37	$1.44	424M	$3.46B	$2.7B	$756M
2014	$15B	$299M	2.0%	$0.71	$1.44	421M	$2.71B	$3.31B	−$599M
2013	$14.9B	$392M	2.6%	$0.94	$1.65	419M	$2.66B	$2.64B	$24M
2012	$15.3B	$770M	5.0%	$1.84	$2.20	419M	$2.32B	$2.68B	−$358M
2011	$16.1B	$885M	5.5%	$2.21	$2.20	401M	$3.06B	$2.13B	$934M
2010	$13.3B	$742M	5.6%	$2.42	$2.20	305M	$3.08B	$1.78B	$1.3B
2009	$13B	$872M	6.7%	$2.85	$2.20	306M	$2.46B	$2.2B	$262M
2008	$13.6B	$1.34B	9.8%	$4.38	—	307M	$2.22B	$2.89B	−$664M
2007	$12.8B	$1.31B	10.2%	$4.22	—	310M	$1.7B	$1.63B	$66M