EMA vs. FE: Emera vs. FirstEnergy Stock Comparison

November 11, 2026

How do Emera (EMA) and FirstEnergy (FE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Emera (EMA) and FirstEnergy (FE) are both classified in the Electric Utilities sub-industry within the broader Electric Utilities industry, placing them in the closest GICS peer bucket.

Company profile comparison for Emera (EMA) and FirstEnergy (FE)
Profile Item	EMA	FE
Name	Emera Inc.	FirstEnergy Corp.
Country/Region	Canada	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Electric Utilities	Electric Utilities
GICS Sub-Industry	Electric Utilities	Electric Utilities
Market Capitalization	15.62 billion USD	26.88 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 5, 2010	November 10, 1997
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

EMA

GSPC

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

Trailing Returns

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Trailing total returns for Emera (EMA) and FirstEnergy (FE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Emera (EMA) and FirstEnergy (FE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Emera (EMA) and FirstEnergy (FE)
Metric	EMA	FE
Total Return (1Y)	9.07%	5.62%
Total Return (3Y, Annualized)	18.64%	14.20%
Total Return (5Y, Annualized)	6.45%	8.32%

Risk Profile

Drawdown History

EMA

GSPC

Emera (EMA) vs. FirstEnergy (FE), with S&P 500 (GSPC) for reference: 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

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Distribution of monthly total returns for Emera (EMA) and FirstEnergy (FE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Emera (EMA) and FirstEnergy (FE)
Metric	EMA	FE
Volatility (1Y, Annualized)	16.26%	16.31%
Beta (5Y)	0.40	0.39
Max Drawdown (5Y)	-32.61%	-28.59%
Avg. Volume (3M)	713.97K	4.29M

Risk-Adjusted Performance

Risk-Return Positioning

EMA and FE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Emera (EMA) and FirstEnergy (FE)
Metric	EMA	FE
Sharpe Ratio (1Y)	0.29	0.08
Sortino Ratio (1Y)	0.43	0.11

Profitability

ROE (TTM)

Both Emera (EMA) at 7.56% and FirstEnergy (FE) at 10.04% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

EMA

Utilities industry group

7.56%

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

FE

Utilities industry group

10.04%

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

Emera (EMA) vs. FirstEnergy (FE): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Emera (EMA) at 11.64% keeps about the industry-typical share of revenue as profit, while FirstEnergy (FE) at 7.49% retains only a bottom-quartile share.

EMA

Utilities industry group

11.64%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
EMA: 11.64%
Q1: 9.18%
Min: -0.20%

FE

Utilities industry group

7.49%

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

Emera (EMA) vs. FirstEnergy (FE): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both Emera (EMA) at 17.85% and FirstEnergy (FE) at 21.24% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

EMA

Utilities industry group

17.85%

Max: 53.83%
Q3: 31.12%
Median: 23.62%
EMA: 17.85%
Q1: 15.45%
Min: -4.90%

FE

Utilities industry group

21.24%

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

Emera (EMA) vs. FirstEnergy (FE): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Emera (EMA) and FirstEnergy (FE)
Metric	EMA	FE
ROE (TTM)	7.56%	10.04%
ROA (TTM)	2.91%	3.66%
Net Margin (TTM)	11.64%	7.49%
Operating Margin (TTM)	17.85%	21.24%
Gross Margin (TTM)	43.76%	69.63%

Growth

Revenue Growth

Emera (EMA) at 21.89% sits in the top revenue growth quartile, while FirstEnergy (FE) at 12.01% is closer to the peer norm — faster top-line expansion for EMA.

Emera (EMA) vs. FirstEnergy (FE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Emera (EMA) at 97.66% clears its industry range for EPS growth, a much stronger earnings trajectory than FirstEnergy (FE) at 3.53%, which is closer to a typical peer reading.

Emera (EMA) vs. FirstEnergy (FE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Emera (EMA) and FirstEnergy (FE)
Metric	EMA	FE
Revenue Growth (YoY)	21.89%	12.01%
Revenue Growth (3Y CAGR)	4.97%	6.59%
EPS Growth (YoY)	97.66%	3.53%
EPS Growth (3Y CAGR)	-1.62%	35.34%

Financial Strength

Current Ratio (MRQ)

Emera (EMA) at 0.73 keeps current ratio within its industry’s typical mid-range, while FirstEnergy (FE) at 0.38 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for FE.

EMA

Utilities industry group

0.73

Max: 1.90
Q3: 1.17
Median: 0.88
EMA: 0.73
Q1: 0.66
Min: 0.29

FE

Utilities industry group

0.38

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

Emera (EMA) vs. FirstEnergy (FE): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Emera (EMA) at 1.54 carries an industry-typical debt-to-equity mix, while FirstEnergy (FE) at 2.07 uses more debt funding than most peers.

EMA

Utilities industry group

1.54

Max: 2.63
Q3: 1.77
EMA: 1.54
Median: 1.35
Q1: 0.84
Min: 0.00

FE

Utilities industry group

2.07

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

Emera (EMA) vs. FirstEnergy (FE): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Emera (EMA) and FirstEnergy (FE)
Metric	EMA	FE
Current Ratio (MRQ)	0.73	0.38
Debt / Equity (MRQ)	1.54	2.07
Net Debt / EBITDA	6.38	5.85

Dividends

Dividend Yield (TTM)

Emera (EMA) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile FirstEnergy (FE) reports a yield of 3.90%, ranking against industry peers normally.

EMA

Utilities industry group

0.00%

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

FE

Utilities industry group

3.90%

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

Emera (EMA) vs. FirstEnergy (FE): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both Emera (EMA) at 92.48% and FirstEnergy (FE) at 87.92% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

EMA

Utilities industry group

92.48%

Max: 113.04%
EMA: 92.48%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

FE

Utilities industry group

87.92%

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

Emera (EMA) vs. FirstEnergy (FE): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Emera (EMA) and FirstEnergy (FE)
Metric	EMA	FE
Dividend Yield (TTM)	0.00%	3.90%
Dividend Payout Ratio (TTM)	92.48%	87.92%

Valuation

P/E Ratio (TTM)

FirstEnergy (FE) at 22.43 is near its industry’s usual P/E ratio, while Emera (EMA) at 23.58 sits in the richer quartile — EMA needs stronger growth or earnings quality to justify the premium.

EMA

Utilities industry group

23.58

Max: 31.22
EMA: 23.58
Q3: 23.30
Median: 19.64
Q1: 15.17
Min: 3.34

FE

Utilities industry group

22.43

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

Emera (EMA) vs. FirstEnergy (FE): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Emera (EMA) at 1.75 and FirstEnergy (FE) at 1.68 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

EMA

Utilities industry group

1.75

Max: 6.35
Q3: 3.63
Median: 2.63
EMA: 1.75
Q1: 1.52
Min: 0.00

FE

Utilities industry group

1.68

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

Emera (EMA) vs. FirstEnergy (FE): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Emera (EMA) at 1.80 and FirstEnergy (FE) at 2.07 are valued close to their industries’ norm against book — neither stands out from peers.

EMA

Utilities industry group

1.80

Max: 3.12
Q3: 2.21
Median: 1.83
EMA: 1.80
Q1: 1.46
Min: 0.34

FE

Utilities industry group

2.07

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

Emera (EMA) vs. FirstEnergy (FE): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Emera (EMA) and FirstEnergy (FE)
Metric	EMA	FE
P/E Ratio (TTM)	23.58	22.43
P/S Ratio (TTM)	1.75	1.68
P/B Ratio (MRQ)	1.80	2.07
Free Cash Flow Yield (TTM)	-9.18%	-9.48%