EXC vs. FE: Exelon vs. FirstEnergy Stock Comparison

November 11, 2026

How do Exelon (EXC) 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

Exelon (EXC) 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 Exelon (EXC) and FirstEnergy (FE)
Profile Item	EXC	FE
Name	Exelon Corp.	FirstEnergy Corp.
Country/Region	United States	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	47.21 billion USD	26.88 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	May 2, 1973	November 10, 1997
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

EXC

GSPC

Exelon (EXC) 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 Exelon (EXC) and FirstEnergy (FE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Exelon (EXC) and FirstEnergy (FE)
Metric	EXC	FE
Total Return (1Y)	2.39%	5.62%
Total Return (3Y, Annualized)	9.20%	14.20%
Total Return (5Y, Annualized)	7.16%	8.32%

Risk Profile

Drawdown History

EXC

GSPC

Exelon (EXC) 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 Exelon (EXC) and FirstEnergy (FE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Exelon (EXC) and FirstEnergy (FE)
Metric	EXC	FE
Volatility (1Y, Annualized)	20.24%	16.31%
Beta (5Y)	0.24	0.39
Max Drawdown (5Y)	-29.05%	-28.59%
Avg. Volume (3M)	7.62M	4.29M

Risk-Adjusted Performance

Risk-Return Positioning

EXC 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 Exelon (EXC) and FirstEnergy (FE)
Metric	EXC	FE
Sharpe Ratio (1Y)	-0.09	0.08
Sortino Ratio (1Y)	-0.14	0.11

Profitability

ROE (TTM)

Both Exelon (EXC) at 9.06% 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.

EXC

Utilities industry group

9.06%

Max: 17.99%
Q3: 12.01%
Median: 9.44%
EXC: 9.06%
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%

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

Net Margin (TTM)

Exelon (EXC) at 10.17% keeps about the industry-typical share of revenue as profit, while FirstEnergy (FE) at 7.49% retains only a bottom-quartile share.

EXC

Utilities industry group

10.17%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
EXC: 10.17%
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%

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

Operating Margin (TTM)

Both Exelon (EXC) at 19.18% and FirstEnergy (FE) at 21.24% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

EXC

Utilities industry group

19.18%

Max: 53.83%
Q3: 31.12%
Median: 23.62%
EXC: 19.18%
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%

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

Profitability Metrics

Profitability metrics for Exelon (EXC) and FirstEnergy (FE)
Metric	EXC	FE
ROE (TTM)	9.06%	10.04%
ROA (TTM)	2.72%	3.66%
Net Margin (TTM)	10.17%	7.49%
Operating Margin (TTM)	19.18%	21.24%
Gross Margin (TTM)	41.50%	69.63%

Growth

Revenue Growth

Both Exelon (EXC) at 5.34% and FirstEnergy (FE) at 12.01% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Both Exelon (EXC) at 10.61% and FirstEnergy (FE) at 3.53% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Exelon (EXC) and FirstEnergy (FE)
Metric	EXC	FE
Revenue Growth (YoY)	5.34%	12.01%
Revenue Growth (3Y CAGR)	8.34%	6.59%
EPS Growth (YoY)	10.61%	3.53%
EPS Growth (3Y CAGR)	9.19%	35.34%

Financial Strength

Current Ratio (MRQ)

Exelon (EXC) at 1.03 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.

EXC

Utilities industry group

1.03

Max: 1.90
Q3: 1.17
EXC: 1.03
Median: 0.88
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

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

Debt / Equity (MRQ)

Exelon (EXC) at 1.77 carries an industry-typical debt-to-equity mix, while FirstEnergy (FE) at 2.07 uses more debt funding than most peers.

EXC

Utilities industry group

1.77

Max: 2.63
Q3: 1.77
EXC: 1.77
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

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

Financial Strength Metrics

Financial strength metrics for Exelon (EXC) and FirstEnergy (FE)
Metric	EXC	FE
Current Ratio (MRQ)	1.03	0.38
Debt / Equity (MRQ)	1.77	2.07
Net Debt / EBITDA	6.21	5.85

Dividends

Dividend Yield (TTM)

FirstEnergy (FE) at 3.90% delivers top-quartile income for its industry, while Exelon (EXC) at 3.57% pays a more typical yield — both are credible income propositions, FE the richer one.

EXC

Utilities industry group

3.57%

Max: 6.66%
Q3: 3.58%
EXC: 3.57%
Median: 2.85%
Q1: 0.66%
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%

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

Dividend Payout Ratio (TTM)

Exelon (EXC) at 64.84% pays out a band-typical share of earnings, while FirstEnergy (FE) at 87.92% distributes more than its industry norm — less retained, thinner cover.

EXC

Utilities industry group

64.84%

Max: 113.04%
Q3: 68.72%
EXC: 64.84%
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%

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

Dividend Metrics

Dividend metrics for Exelon (EXC) and FirstEnergy (FE)
Metric	EXC	FE
Dividend Yield (TTM)	3.57%	3.90%
Dividend Payout Ratio (TTM)	64.84%	87.92%

Valuation

P/E Ratio (TTM)

Both Exelon (EXC) at 17.82 and FirstEnergy (FE) at 22.43 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

EXC

Utilities industry group

17.82

Max: 31.22
Q3: 23.30
Median: 19.64
EXC: 17.82
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

Exelon (EXC) 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 Exelon (EXC) at 1.82 and FirstEnergy (FE) at 1.68 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

EXC

Utilities industry group

1.82

Max: 6.35
Q3: 3.63
Median: 2.63
EXC: 1.82
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

Exelon (EXC) 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 Exelon (EXC) at 1.57 and FirstEnergy (FE) at 2.07 are valued close to their industries’ norm against book — neither stands out from peers.

EXC

Utilities industry group

1.57

Max: 3.12
Q3: 2.21
Median: 1.83
EXC: 1.57
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

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

Valuation Metrics

Valuation metrics for Exelon (EXC) and FirstEnergy (FE)
Metric	EXC	FE
P/E Ratio (TTM)	17.82	22.43
P/S Ratio (TTM)	1.82	1.68
P/B Ratio (MRQ)	1.57	2.07
Free Cash Flow Yield (TTM)	-6.97%	-9.48%