FirstEnergy (FE) Stock Analysis

November 11, 2026

This is a peer-relative look at FirstEnergy (FE): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Utilities peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for FirstEnergy (FE)
Profile Item	FE
Name	FirstEnergy Corp.
Country/Region	United States
GICS Sector	Utilities
GICS Industry Group	Utilities
GICS Industry	Electric Utilities
GICS Sub-Industry	Electric Utilities
Market Capitalization	26.88 billion USD
Currency	USD
Exchange	NYSE
Listing Date	November 10, 1997
Security Type	Common Stock

Price Performance

Cumulative Growth

GSPC

FirstEnergy (FE) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for FirstEnergy (FE) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for FirstEnergy (FE) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

FirstEnergy (FE) metric values compared with Utilities industry-group medians
Metric	Current stock: FE	Industry group median
Total Return (1Y)	5.62%	5.85%
Total Return (3Y, Annualized)	14.20%	15.48%
Total Return (5Y, Annualized)	8.32%	8.14%

Risk Profile

Drawdown History

GSPC

FirstEnergy (FE) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for FirstEnergy (FE) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

FirstEnergy (FE) metric values compared with Utilities industry-group medians
Metric	Current stock: FE	Industry group median
Volatility (1Y, Annualized)	16.31%	22.23%
Beta (5Y)	0.39	0.53
Max Drawdown (5Y)	-28.59%	-36.85%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. FE is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

FirstEnergy (FE) metric values compared with Utilities industry-group medians
Metric	Current stock: FE	Industry group median
Sharpe Ratio (1Y)	0.08	0.08
Sortino Ratio (1Y)	0.11	0.12

Profitability

ROE (TTM)

FirstEnergy (FE) posts ROE of 10.04%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

FE

Utilities industry group

10.04%

Group distribution

Max: 17.99%
Q3: 12.01%
FE: 10.04%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

Largest peers

CEG: 15.06%
NEE: 14.06%
SO: 11.90%
AEP: 10.60%
NGG: 10.31%
DUK: 10.10%
FE: 10.04%

Where FirstEnergy (FE) stands on ROE within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

FirstEnergy (FE) keeps 7.49% of revenue as net profit, in the lower peer quartile for net margin. More of each sales dollar is being absorbed by costs, financing, taxes, or other charges than at most peers.

FE

Utilities industry group

7.49%

Group distribution

Max: 28.78%
Q3: 17.30%
Median: 12.73%
Q1: 9.18%
FE: 7.49%
Min: -0.20%

Largest peers

NEE: 40.37%
NGG: 21.15%
DUK: 16.16%
SO: 16.00%
AEP: 14.21%
CEG: 11.08%
FE: 7.49%

Where FirstEnergy (FE) stands on net margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

FirstEnergy (FE) turns 21.24% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

FE

Utilities industry group

21.24%

Group distribution

Max: 53.83%
Q3: 31.12%
Median: 23.62%
FE: 21.24%
Q1: 15.45%
Min: -4.90%

Largest peers

SO: 36.92%
NEE: 33.00%
DUK: 30.03%
NGG: 28.64%
AEP: 26.89%
FE: 21.24%
CEG: 8.66%

Where FirstEnergy (FE) stands on operating margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

FirstEnergy (FE) metric values compared with Utilities industry-group medians
Metric	Current stock: FE	Industry group median
ROE (TTM)	10.04%	9.44%
ROA (TTM)	3.66%	3.08%
Net Margin (TTM)	7.49%	12.73%
Operating Margin (TTM)	21.24%	23.62%
Gross Margin (TTM)	69.63%	44.03%

Growth

Revenue Growth

FirstEnergy (FE) grew revenue 12.01%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

FirstEnergy (FE): Revenue Growth across different time periods, set against Utilities industry-group medians.

EPS Growth

FirstEnergy (FE) grew earnings per share 3.53%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

FirstEnergy (FE): EPS Growth across different time periods, set against Utilities industry-group medians.

Growth Metrics

FirstEnergy (FE) metric values compared with Utilities industry-group medians
Metric	Current stock: FE	Industry group median
Revenue Growth (YoY)	12.01%	8.45%
Revenue Growth (3Y CAGR)	6.59%	3.87%
EPS Growth (YoY)	3.53%	3.93%
EPS Growth (3Y CAGR)	35.34%	5.25%

Financial Strength

Current Ratio (MRQ)

FirstEnergy (FE) has current ratio of 0.38, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

FE

Utilities industry group

0.38

Group distribution

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
FE: 0.38
Min: 0.29

Largest peers

CEG: 1.46
SO: 0.84
DUK: 0.68
NGG: 0.62
NEE: 0.53
AEP: 0.51
FE: 0.38

Where FirstEnergy (FE) stands on current ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

FirstEnergy (FE) has debt-to-equity ratio of 2.07, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.

FE

Utilities industry group

2.07

Group distribution

Max: 2.63
FE: 2.07
Q3: 1.77
Median: 1.35
Q1: 0.84
Min: 0.00

Largest peers

FE: 2.07
SO: 1.68
DUK: 1.63
AEP: 1.62
NEE: 1.53
NGG: 1.32
CEG: 0.76

Where FirstEnergy (FE) stands on debt-to-equity ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

FirstEnergy (FE) metric values compared with Utilities industry-group medians
Metric	Current stock: FE	Industry group median
Current Ratio (MRQ)	0.38	0.88
Debt / Equity (MRQ)	2.07	1.35
Net Debt / EBITDA	5.85	5.31

Dividends

Dividend Yield (TTM)

FirstEnergy (FE) has dividend yield of 3.90%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

FE

Utilities industry group

3.90%

Group distribution

Max: 6.66%
FE: 3.90%
Q3: 3.58%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

Largest peers

FE: 3.90%
DUK: 3.29%
SO: 3.21%
AEP: 3.00%
NEE: 2.76%
CEG: 0.68%
NGG: 0.57%

Where FirstEnergy (FE) stands on dividend yield within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

FirstEnergy (FE) has payout ratio of 87.92%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

FE

Utilities industry group

87.92%

Group distribution

Max: 113.04%
FE: 87.92%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

Largest peers

FE: 87.92%
NGG: 71.97%
SO: 68.49%
DUK: 62.76%
AEP: 62.09%
NEE: 43.89%
CEG: 15.92%

Where FirstEnergy (FE) stands on payout ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

FirstEnergy (FE) metric values compared with Utilities industry-group medians
Metric	Current stock: FE	Industry group median
Dividend Yield (TTM)	3.90%	2.85%
Dividend Payout Ratio (TTM)	87.92%	56.38%

Valuation

P/E Ratio (TTM)

FirstEnergy (FE) trades at P/E ratio of 22.43, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

FE

Utilities industry group

22.43

Group distribution

Max: 31.22
Q3: 23.30
FE: 22.43
Median: 19.64
Q1: 15.17
Min: 3.34

Largest peers

CEG: 24.43
FE: 22.43
SO: 21.08
AEP: 20.67
DUK: 18.74
NEE: 15.67
NGG: 15.54

Where FirstEnergy (FE) stands on P/E ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

FirstEnergy (FE) trades at 1.68 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

FE

Utilities industry group

1.68

Group distribution

Max: 6.35
Q3: 3.63
Median: 2.63
FE: 1.68
Q1: 1.52
Min: 0.00

Largest peers

NEE: 6.33
NGG: 4.46
SO: 3.45
DUK: 2.99
AEP: 2.92
CEG: 2.83
FE: 1.68

Where FirstEnergy (FE) stands on P/S ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

FirstEnergy (FE) trades at 2.07 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

FE

Utilities industry group

2.07

Group distribution

Max: 3.12
Q3: 2.21
FE: 2.07
Median: 1.83
Q1: 1.46
Min: 0.34

Largest peers

NGG: 9.36
NEE: 2.97
CEG: 2.78
SO: 2.56
AEP: 2.10
FE: 2.07
DUK: 1.83

Where FirstEnergy (FE) stands on P/B ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

FirstEnergy (FE) metric values compared with Utilities industry-group medians
Metric	Current stock: FE	Industry group median
P/E Ratio (TTM)	22.43	19.64
P/S Ratio (TTM)	1.68	2.63
P/B Ratio (MRQ)	2.07	1.83
Free Cash Flow Yield (TTM)	-9.48%	-7.11%