FE vs. NGG: FirstEnergy vs. National Grid Stock Comparison

November 11, 2026

How do FirstEnergy (FE) and National Grid (NGG) 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

FirstEnergy (FE) and National Grid (NGG) both fall under the Utilities industry group, but FE is classified in Electric Utilities while NGG is classified in Multi-Utilities.

FirstEnergy (FE) trades as ordinary local shares, while National Grid (NGG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for FirstEnergy (FE) and National Grid (NGG)
Profile Item	FE	NGG
Name	FirstEnergy Corp.	National Grid plc Sponsored ADR
Country/Region	United States	United Kingdom
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Electric Utilities	Multi-Utilities
GICS Sub-Industry	Electric Utilities	Multi-Utilities
Market Capitalization	26.88 billion USD	83.60 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 10, 1997	August 10, 2005
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

NGG

GSPC

FirstEnergy (FE) vs. National Grid (NGG), 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 FirstEnergy (FE) and National Grid (NGG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for FirstEnergy (FE) and National Grid (NGG)
Metric	FE	NGG
Total Return (1Y)	5.62%	13.00%
Total Return (3Y, Annualized)	14.20%	19.82%
Total Return (5Y, Annualized)	8.32%	12.34%

Risk Profile

Drawdown History

NGG

GSPC

FirstEnergy (FE) vs. National Grid (NGG), 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 FirstEnergy (FE) and National Grid (NGG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for FirstEnergy (FE) and National Grid (NGG)
Metric	FE	NGG
Volatility (1Y, Annualized)	16.31%	22.32%
Beta (5Y)	0.39	0.73
Max Drawdown (5Y)	-28.59%	-39.20%
Avg. Volume (3M)	4.29M	911.70K

Risk-Adjusted Performance

Risk-Return Positioning

FE and NGG 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 FirstEnergy (FE) and National Grid (NGG)
Metric	FE	NGG
Sharpe Ratio (1Y)	0.08	0.39
Sortino Ratio (1Y)	0.11	0.54

Profitability

ROE (TTM)

Both FirstEnergy (FE) at 10.04% and National Grid (NGG) at 10.31% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

FE

Utilities industry group

10.04%

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

NGG

Utilities industry group

10.31%

Max: 17.99%
Q3: 12.01%
NGG: 10.31%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

FirstEnergy (FE) vs. National Grid (NGG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

National Grid (NGG) at 21.15% keeps a top-quartile share of each sales dollar as profit, while FirstEnergy (FE) at 7.49% keeps a bottom-quartile share.

FE

Utilities industry group

7.49%

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

NGG

Utilities industry group

21.15%

Max: 28.78%
NGG: 21.15%
Q3: 17.30%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

FirstEnergy (FE) vs. National Grid (NGG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both FirstEnergy (FE) at 21.24% and National Grid (NGG) at 28.64% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FE

Utilities industry group

21.24%

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

NGG

Utilities industry group

28.64%

Max: 53.83%
Q3: 31.12%
NGG: 28.64%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

FirstEnergy (FE) vs. National Grid (NGG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for FirstEnergy (FE) and National Grid (NGG)
Metric	FE	NGG
ROE (TTM)	10.04%	10.31%
ROA (TTM)	3.66%	3.33%
Net Margin (TTM)	7.49%	21.15%
Operating Margin (TTM)	21.24%	28.64%
Gross Margin (TTM)	69.63%	100.00%

Growth

Revenue Growth

FirstEnergy (FE) at 12.01% is around its peer norm for revenue growth, while National Grid (NGG) at -3.76% drops into the bottom quartile, signaling weaker demand or pricing momentum.

FirstEnergy (FE) vs. National Grid (NGG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: FirstEnergy (FE) reports EPS growth of 3.53%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.

FirstEnergy (FE) vs. National Grid (NGG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for FirstEnergy (FE) and National Grid (NGG)
Metric	FE	NGG
Revenue Growth (YoY)	12.01%	-3.76%
Revenue Growth (3Y CAGR)	6.59%	-6.53%
EPS Growth (YoY)	3.53%	--
EPS Growth (3Y CAGR)	35.34%	-30.59%

Financial Strength

Current Ratio (MRQ)

Both FirstEnergy (FE) at 0.38 and National Grid (NGG) at 0.62 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

FE

Utilities industry group

0.38

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

NGG

Utilities industry group

0.62

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
NGG: 0.62
Min: 0.29

FirstEnergy (FE) vs. National Grid (NGG): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

National Grid (NGG) at 1.32 carries an industry-typical debt-to-equity mix, while FirstEnergy (FE) at 2.07 uses more debt funding than most peers.

FE

Utilities industry group

2.07

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

NGG

Utilities industry group

1.32

Max: 2.63
Q3: 1.77
Median: 1.35
NGG: 1.32
Q1: 0.84
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for FirstEnergy (FE) and National Grid (NGG)
Metric	FE	NGG
Current Ratio (MRQ)	0.38	0.62
Debt / Equity (MRQ)	2.07	1.32
Net Debt / EBITDA	5.85	6.32

Dividends

Dividend Yield (TTM)

FirstEnergy (FE) at 3.90% offers top-quartile income, while National Grid (NGG) at 0.57% sits in the bottom quartile — a wide gap in cash returned to shareholders.

FE

Utilities industry group

3.90%

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

NGG

Utilities industry group

0.57%

Max: 6.66%
Q3: 3.58%
Median: 2.85%
Q1: 0.66%
NGG: 0.57%
Min: 0.00%

FirstEnergy (FE) vs. National Grid (NGG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both FirstEnergy (FE) at 87.92% and National Grid (NGG) at 71.97% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

FE

Utilities industry group

87.92%

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

NGG

Utilities industry group

71.97%

Max: 113.04%
NGG: 71.97%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

FirstEnergy (FE) vs. National Grid (NGG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for FirstEnergy (FE) and National Grid (NGG)
Metric	FE	NGG
Dividend Yield (TTM)	3.90%	0.57%
Dividend Payout Ratio (TTM)	87.92%	71.97%

Valuation

P/E Ratio (TTM)

Both FirstEnergy (FE) at 22.43 and National Grid (NGG) at 15.54 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

FE

Utilities industry group

22.43

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

NGG

Utilities industry group

15.54

Max: 31.22
Q3: 23.30
Median: 19.64
NGG: 15.54
Q1: 15.17
Min: 3.34

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

P/S Ratio (TTM)

FirstEnergy (FE) at 1.68 is priced about in line with its industry on P/S ratio, while National Grid (NGG) at 4.46 sits in the pricier quartile — NGG costs more per dollar of sales.

FE

Utilities industry group

1.68

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

NGG

Utilities industry group

4.46

Max: 6.35
NGG: 4.46
Q3: 3.63
Median: 2.63
Q1: 1.52
Min: 0.00

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

P/B Ratio (MRQ)

FirstEnergy (FE) at 2.07 sits near its industry’s typical P/B ratio, while National Grid (NGG) at 9.36 prices above its benchmark range — NGG looks rich relative to book.

FE

Utilities industry group

2.07

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

NGG

Utilities industry group

9.36

NGG: 9.36
Max: 3.12
Q3: 2.21
Median: 1.83
Q1: 1.46
Min: 0.34

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

Valuation Metrics

Valuation metrics for FirstEnergy (FE) and National Grid (NGG)
Metric	FE	NGG
P/E Ratio (TTM)	22.43	15.54
P/S Ratio (TTM)	1.68	4.46
P/B Ratio (MRQ)	2.07	9.36
Free Cash Flow Yield (TTM)	-9.48%	-5.94%