FirstEnergy (FE)

Utilities · Utilities - Regulated Electric · S&P 500
$44.26 +1.42% on the day Market cap $25.4B 52-week range $42.67 to $52.34 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

FirstEnergy's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from FE's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation6
Profitability4
Growth6
Financial health1
Cash efficiency0

Key numbers

P/E (trailing)23.9x
P/E (forward)16.2x
Price / free cash flow—
EV / EBITDA12.8x
Price / sales1.64x
Price / book2.03x
Revenue growth+11.6%
Operating margin14.7%
Net margin6.9%
Return on equity8.4%
Dividend yield4.0%
Debt / equity3.38x

Results from SEC filings

Fiscal years, from FirstEnergy's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$11.1B$12.5B$12.9B$13.5B$15.1B
Net income$1.3B$406M$1.1B$978M$1.0B
Free cash flow$324M-$165M-$2.0B-$1.1B-$1.0B
EPS (diluted)$2.35$0.71$1.92$1.70$1.76
Operating margin15.5%15.3%17.6%17.6%14.6%

Where the revenue comes from

Revenue by segments, fiscal 2025.

Distribution$7.5B50%
Integrated$5.7B38%
Integrated$1.9B13%

Superinvestors who own FE

From each investor's latest 13F filing (what a 13F shows). 4 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Added $67M0.02%Q2 2026
Joel Greenblatt
Gotham Asset Management
Added $15M0.03%Q2 2026
Will Nasgovitz
Heartland Advisors
Trimmed $10M0.46%Q2 2026
Mario Gabelli
GAMCO Investors
Trimmed $2M0.02%Q2 2026

Insider buying

Open-market purchases by FirstEnergy's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of FE in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are FirstEnergy insiders buying the stock?

No open-market insider purchases of FE in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own FirstEnergy?

4 of the superinvestors Investingly tracks hold FE in their latest 13F, including Cliff Asness, Joel Greenblatt, Will Nasgovitz.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.