How FirstEnergy (FE) Makes Money: A Visual Guide

FirstEnergy (FE) generated $15.09B in revenue (TTM through Q4 2025), earning $1.02B in net profit (6.8% margin). Its largest revenue source is Regulated Distribution (79.8% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

FirstEnergy (FE) Income Statement Flow

Frequently asked questions

How does FirstEnergy (FE) make money?

FirstEnergy (FE) primarily makes money through Regulated Distribution, which accounts for 79.8% of total revenue. For TTM through Q4 2025, FirstEnergy generated $15.09B in total revenue with a net profit margin of 6.8%.

What is FirstEnergy (FE) gross profit margin?

FirstEnergy (FE) reported a gross profit margin of 54.8% for TTM through Q4 2025, equivalent to $8.27B in gross profit. This means FirstEnergy retains 54.8% of each revenue unit after direct costs of production.

What is FirstEnergy (FE) operating profit margin?

FirstEnergy (FE) reported an operating profit margin of 18.8% for TTM through Q4 2025, equivalent to $2.83B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is FirstEnergy (FE) net profit margin?

FirstEnergy (FE) reported a net profit margin of 6.8% for TTM through Q4 2025, equivalent to $1.02B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does FirstEnergy (FE) spend on capital expenditures?

FirstEnergy (FE) spent $5.61B on capital expenditures in TTM through Q4 2025 (37.2% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is FirstEnergy (FE) free cash flow?

FirstEnergy (FE) generated $2.53B in free cash flow for TTM through Q4 2025 (16.8% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is FirstEnergy (FE) effective tax rate?

FirstEnergy (FE) had an effective tax rate of 18.5% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

About this data

What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
Based on company filings through TTM through Q4 2025.