FirstEnergy Corp. (FE) Income Statement

NYSE: FERevenue, profits, margins and EPS over 10 years.

FE 2025 at a glance

Fiscal year ended December 31, 2025 · U.S. dollars
Revenue+12.0%
$15.09B
2025 · hover or tap a bar for each year
2016: $14.56B (−3.1%)2017: $14.02B (−3.7%)2018: $11.26B (−19.7%)2019: $11.04B (−2.0%)2020: $10.79B (−2.2%)2021: $11.13B (+3.2%)2022: $12.46B (+11.9%)2023: $12.87B (+3.3%)2024: $13.47B (+4.7%)2025: $15.09B (+12.0%)
20162025
Gross profit−9.1%
$8.27B
2025 · hover or tap a bar for each year
2016: $6.82B (−22.1%)2017: $7.50B (+10.1%)2018: $7.61B (+1.5%)2019: $7.61B (−0.0%)2020: $7.72B (+1.4%)2021: $7.69B (−0.4%)2022: $7.87B (+2.3%)2023: $8.22B (+4.6%)2024: $9.10B (+10.6%)2025: $8.27B (−9.1%)
20162025
Operating income+19.3%
$2.83B
2025 · hover or tap a bar for each year
2016: $2.05B (−10.4%)2017: $2.43B (+18.2%)2018: $2.50B (+3.0%)2019: $2.51B (+0.3%)2020: $2.16B (−13.9%)2021: $1.73B (−20.2%)2022: $1.91B (+10.7%)2023: $2.27B (+18.6%)2024: $2.38B (+4.8%)2025: $2.83B (+19.3%)
20162025
Net income+4.3%
$1.02B
2025 · hover or tap a bar for each year
2016: −$6.18B (−1,168.7%)2017: −$1.72B2018: $1.35B2019: $912.0M (−32.3%)2020: $1.08B (+18.3%)2021: $1.28B (+18.9%)2022: $406.0M (−68.4%)2023: $1.10B (+171.4%)2024: $978.0M (−11.3%)2025: $1.02B (+4.3%)
20162025
EPS (diluted)−3.4%
$2.54
2025 · hover or tap a bar for each year
2016: $2.63 (−3.0%)2017: $3.07 (+16.7%)2018: $2.59 (−15.6%)2019: $2.59 (0.0%)2020: $2.39 (−7.7%)2021: $2.64 (+10.5%)2022: $2.42 (−8.3%)2023: $2.57 (+6.2%)2024: $2.63 (+2.3%)2025: $2.54 (−3.4%)
20162025
Net profit margin−0.5 pts
6.8%
2025 · hover or tap a point for each year
2016: −42.4% (−46.3 pts)2017: −12.3% (+30.1 pts)2018: 12.0% (+24.3 pts)2019: 8.3% (−3.7 pts)2020: 10.0% (+1.7 pts)2021: 11.5% (+1.5 pts)2022: 3.3% (−8.3 pts)2023: 8.6% (+5.3 pts)2024: 7.3% (−1.3 pts)2025: 6.8% (−0.5 pts)
20162025

FE revenue and net income

RevenueNet incomeNet margin (right axis)

Where FE's revenue goes

2025
Revenue
$15.09B100.0%
Cost of revenue
−$6.83B−45.2%
Gross profit
$8.27B54.8%
Other operating expenses
−$5.43B−36.0%
Operating income
$2.83B18.8%
Interest & other expense
−$1.27B−8.4%
Income taxes
−$288.0M−1.9%
Net income
$1.02B6.8%

Each bar shows an amount and its share of revenue. FE kept 6.8% of revenue as net income.

FE profit margins

GrossOperatingNet

FE growth rates

to 2025
1 year3 years5 years10 years
Revenue+12.0%+6.6%+6.9%+0.0%
Gross profit−9.1%+1.7%+1.4%−0.6%
Operating income+19.3%+14.0%+5.6%+2.1%
Net income+4.3%+35.9%−1.1%+5.8%
EPS (diluted)−3.4%+1.6%+1.2%−0.6%

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

FE quarterly EPS vs estimates

Reported EPSAnalyst estimate

FirstEnergy beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.92).

FE income statement

2025202420232022202120202019201820172016
Revenue$15.09B$13.47B$12.87B$12.46B$11.13B$10.79B$11.04B$11.26B$14.02B$14.56B
Cost of revenue$6.83B$4.38B$4.65B$4.59B$3.44B$3.07B$3.42B$3.65B$3.42B$3.88B
Gross profit$8.27B$9.10B$8.22B$7.87B$7.69B$7.72B$7.61B$7.61B$7.50B$6.82B
Research & development———————$0$0$0
Sales, general & admin——$78.0M$72.0M$382.0M$477.0M$674.0M$144.0M$141.0M$147.0M
Total operating expenses$5.43B$6.72B$5.96B$5.96B$5.96B$5.56B$5.10B$5.11B$5.08B$4.76B
Operating income$2.83B$2.38B$2.27B$1.91B$1.73B$2.16B$2.51B$2.50B$2.43B$2.05B
Interest income$1.03B$929.0M$852.0M$787.0M$1.07B$988.0M$962.0M$1.05B$953.0M$918.0M
Interest expense$1.14B$1.01B$1.03B$955.0M$1.06B$988.0M$962.0M$1.05B$953.0M$918.0M
Income before taxes$1.56B$1.50B$1.46B$1.44B$1.56B$1.13B$1.12B$1.51B$1.43B−$9.23B
Income taxes$288.0M$377.0M$267.0M$1.00B$320.0M$126.0M$213.0M$490.0M$1.72B−$3.06B
Net income$1.02B$978.0M$1.10B$406.0M$1.28B$1.08B$912.0M$1.35B−$1.72B−$6.18B
EBITDA$4.31B$4.10B$3.77B$3.71B$4.29B$3.36B$3.30B$3.95B$4.08B$3.97B
EPS (diluted)$2.54$2.63$2.57$2.42$2.64$2.39$2.59$2.59$3.07$2.63
Gross margin54.8%67.5%63.9%63.1%69.1%71.5%69.0%67.6%53.5%46.8%
Operating margin18.8%17.6%17.6%15.3%15.5%20.0%22.7%22.2%17.3%14.1%
Net margin6.8%7.3%8.6%3.3%11.5%10.0%8.3%12.0%−12.3%−42.4%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FE's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.

FE financial results

In fiscal year 2025 (ended December 31, 2025), FirstEnergy reported revenue of $15.1 billion, up 12.0% from the year before. It had net income of $1.0 billion (up 4.3%), a net profit margin of 6.8%. Diluted earnings per share came to $2.54. Over five years revenue grew at an average rate of 6.9% a year.

See the FE stock overview for the latest quote and news, or the FE chart for price history and technical indicators.

FE income statement FAQ

What is FirstEnergy's annual revenue?

FirstEnergy reported total revenue of $15.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 12.0% from $13.5 billion the previous year.

Is FirstEnergy profitable?

Yes. FirstEnergy reported net income of $1.0 billion in fiscal 2025, a net profit margin of 6.8%; its operating margin was 18.8%.

What is FirstEnergy's gross margin?

FirstEnergy's gross margin was 54.8% in fiscal 2025: for every $100 of revenue, FirstEnergy kept $55 after the direct cost of its products and services.

How fast is FirstEnergy growing?

Revenue grew 6.9% a year on average over the last five fiscal years, from $10.8 billion to $15.1 billion.

What are FirstEnergy's earnings per share?

FirstEnergy earned $2.54 per diluted share in fiscal 2025, compared with $2.63 a year earlier.

When will FirstEnergy report its next earnings?

FirstEnergy is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.

When does FirstEnergy's fiscal year end?

FirstEnergy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.

Utilities - Regulated Electric income statements