FirstEnergy Corp.

FENYSEUtilities● Active

$45.93

$-0.49(-1.06%)

Market Cap$26.6B

P/E Ratio—

52W High$52.34

52W Low$39.28

Avg Volume5.0M

Open$46.31

Beta0.46

Free Cash Flow Financials Revenue

FirstEnergy Corp. (FE) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FE · free cash flow · updated Jun 8, 2026

Core FCF metrics

FE · FCF · TTM · margin & CAGR

Free cash flow was −$1.00B for FY2025 (fiscal year ending 2025-12-31), up 11.8% year-over-year The FCF margin was -6.7%.

FY2025 Free Cash Flow−$1.00B▲ +11.8% YoY

Trailing 12M (TTM)$1.79BTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-6.7%−$1.00B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FE · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.70B(4.71B)−$1.00B▲ +11.8%-6.7%

FY2024$2.89B(4.03B)−$1.14B▲ +42.2%-8.4%

FY2023$1.39B(3.36B)−$1.97B▼ 2597.3%-15.3%

FY2022$2.68B(2.76B)−$73.0M▼ 119.9%-0.6%

FY2021$2.81B(2.44B)$366.0M▲ +129.7%3.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FE · P/FCF · FCF yield · FCF per share

FirstEnergy Corp. (FE) trades at a FCF yield of 6.69% and a price-to-free-cash-flow ratio of 14.8x. FCF per share stands at $3.11, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.69%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.11

TTM FCF ÷ Shares Outstanding

Price / FCF

x14.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x30.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FE · cash flow statement · operating / investing / financing

For FY2025, FirstEnergy Corp. generated $3.70B in operating cash flow and spent 4.71B in capital expenditures, yielding −$1.00B in free cash flow.

Operating Activities

+$3.70B

Cash from core business operations

2025-12-31

Investing Activities

−$5.07B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$1.31B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.70B) − |CapEx| (4.71B) = FCF (−$1.00B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

FE vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

FirstEnergy Corp.YOU

−$1.00B+11.8%-6.7%

Loss

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

FirstEnergy Corp. (FE) reported free cash flow of −$1.00B for FY2025 (fiscal year ending 2025-12-31), up 11.8% year-over-year. The FCF margin was -6.7%.

Based on available data, FirstEnergy Corp. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $967.0M in FY2017.

FirstEnergy Corp.'s FCF yield is 6.69% and price-to-FCF ratio is 14.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FE free cash flow · 8 questions

FirstEnergy Corp. free cash flow was −$1.00B for FY2025, up 11.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.79B.

FE free cash flowFE FCFFE FCF 2025FE free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · FirstEnergy Corp. · FirstEnergy Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026