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FirstEnergy Corp.(FE)

F

Financial data as of Dec 31, 2024Declining · Utilities

FCF Margin-8.5%Free Cash Flow / Revenue
Cash Conversion295.6%Operating CF / Net Income
Free Cash Flow-$1.1B
Revenue$13.5B
Net Cash-$23.9BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.56Tight short-term liquidity
YoY FCF Growth-105.7%0 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Current ratio below 1.0 (0.56)
→
-1Negative FCF in 4 of last 4 quarters
→
-1Significant YoY FCF decline (-105.7%)
→
-1Only 0 positive quarters recently
→
FinalF

Analysis Summary

Strengths

  • Excellent cash conversion (296%)

Concerns

  • Negative FCF margin (-8.5%)
  • Net debt position ($23.9B)
  • Current ratio below 1.0 — tight short-term liquidity
  • Only 0 positive FCF quarters recently
  • Significant YoY FCF decline (-105.7%)
  • Significant FCF decline (-105.7% YoY)
Heavy CapEx — Operating cash flow is strong (21% margin) but most is reinvested

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-8.5%
Net Margin7.3%
Operating CF Margin21.5%
CapEx Ratio29.9%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$23.9BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.56Tight liquidity
Debt / Equity1.93Moderate leverage

Quarterly FCF Trend

-105.7% YoYDeclining (-105.7%)

Free cash flow per quarter

Sector Comparison — Utilities

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameFirstEnergy Corp.
SectorUtilities
Free Cash Flow-$1.1B
Revenue$13.5B
Net Income$978.0M
Operating Cash Flow$2.9B
Capital Expenditure$4.0B
FCF Margin-8.5%
Cash Conversion Rate295.6%
Net Margin7.3%
Total Debt$24.0B
Total Cash$111.0M
Net Cash-$23.9B
Current Ratio0.56
Debt / Equity1.93
Debt / FCFN/A
YoY FCF Growth-105.7%
Positive Quarters0 of 5
Trend DirectionDeclining
Report DateDec 31, 2024
GradeF
Data SourceYahoo Finance