FIRSTENERGY CORP

FE · Electric Services · 578.4M shares · +1%/yr ↑ shares · EDGAR filings ↗

Net buyback after stock comp: $949M (gross $969M, SBC $20M)

Reference price $50.60 · est. market cap ~$29.3B — last insider sale, 2026-03-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

C61

Mid-pack electric utility with below-median returns and weak liquidity.

Strengths

Decent revenue growth (+12%, 70th pct) and double-digit operating margin
Large regulated asset base with cash on hand (70th pct)

Risks

Net margin (27th), ROA (33rd), ROE (43rd) all below median; weak current (0.57) and quick (0.46, 11th pct) ratios
High leverage typical of utility plus legacy regulatory/litigation overhang

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Weak liquidityCurrent ratio 0.57 (<1)
Strong balance sheetStrong balance sheet — $698M cash & investments
Insider sellingInsider selling — 4 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$2M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $3.4B2025-09-30 · $4.1B2025-12-31 · $3.8B2026-03-31 · $4.2B

Last 4 quarters · from SEC filings.

Key metrics

Operating margin

14.6%

Net margin

6.8%

Return on equity

8.2%

Return on assets

1.8%

Revenue growth (QoQ)

10.7%

Net-income growth

4.3%

Current ratio

0.6×

Tangible book value

$6.9B

Cash & investments

$698M

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-01	TIERNEY BRIAN X	Tax withheld	17K	$45.90
2026-04-01	SOMERHALDER JOHN W II	Grant	837	$50.73
2026-03-11	ONEIL JAMES F	Sell	7.9K	$50.60
2026-03-10	K. Jon Taylor	Sell	27K	$50.94
2026-03-06	Lisowski Jason	Sell	3.0K	$50.84
2026-03-06	Lisowski Jason	Sell	1.4K	$50.84
2026-03-02	Lisowski Jason	Option exercise	7.4K	—
2026-03-01	TIERNEY BRIAN X	Option exercise	230K	—
2026-03-01	TIERNEY BRIAN X	Tax withheld	68K	$50.97
2026-03-01	TIERNEY BRIAN X	Disposition	76K	$50.97
2026-03-01	K. Jon Taylor	Grant	23K	—
2026-03-01	K. Jon Taylor	Option exercise	67K	—
2026-03-01	K. Jon Taylor	Tax withheld	11K	$50.97
2026-03-01	K. Jon Taylor	Tax withheld	5.7K	$50.97
2026-03-01	K. Jon Taylor	Disposition	22K	$50.97
2026-03-01	Smith Allan Wade	Grant	15K	—
2026-03-01	Smith Allan Wade	Option exercise	34K	—
2026-03-01	Smith Allan Wade	Tax withheld	10K	$50.97
2026-03-01	Smith Allan Wade	Disposition	11K	$50.97
2026-03-01	Park Hyun	Grant	14K	—
2026-03-01	Park Hyun	Option exercise	39K	—
2026-03-01	Park Hyun	Tax withheld	11K	$50.97
2026-03-01	Park Hyun	Disposition	13K	$50.97
2026-03-01	Lisowski Jason	Grant	3.0K	—
2026-03-01	Lisowski Jason	Tax withheld	2.2K	$50.97
2026-03-01	Lisowski Jason	Disposition	2.4K	$50.97
2026-03-01	K. Jon Taylor	Disposition	22K	$50.97
2026-03-01	Thomas Toby L.	Grant	12K	—
2026-03-01	Thomas Toby L.	Option exercise	24K	—
2026-03-01	Thomas Toby L.	Tax withheld	1.5K	$50.97
2026-03-01	Thomas Toby L.	Disposition	8.1K	$50.97
2026-03-01	Thomas Toby L.	Disposition	14K	$50.97
2026-03-01	TIERNEY BRIAN X	Grant	80K	—
2026-01-02	Turner Leslie M	Grant	944	$45.00
2026-01-02	SOMERHALDER JOHN W II	Grant	944	$45.00
2026-01-02	ONEIL JAMES F	Grant	944	$45.00
2025-12-18	Smith Allan Wade	Tax withheld	14K	$44.63
2025-11-30	Thomas Toby L.	Tax withheld	886	$47.39
2025-10-01	SOMERHALDER JOHN W II	Grant	925	$45.93
2025-10-01	Turner Leslie M	Grant	925	$45.93
2025-10-01	ONEIL JAMES F	Grant	925	$45.93
2025-07-01	SOMERHALDER JOHN W II	Grant	1.1K	$40.26
2025-07-01	ONEIL JAMES F	Grant	1.1K	$40.26
2025-07-01	Turner Leslie M	Grant	1.1K	$40.26
2025-06-01	TIERNEY BRIAN X	Tax withheld	17K	$41.75
2025-05-22	Lisowski Jason	Sell	12K	$41.97
2025-05-07	K. Jon Taylor	Sell	12K	$43.03
2025-04-01	SOMERHALDER JOHN W II	Grant	1.1K	$40.23
2025-04-01	Turner Leslie M	Grant	1.1K	$40.23
2025-04-01	ONEIL JAMES F	Grant	1.1K	$40.23
2025-03-19	Smith Allan Wade	Grant	19K	—
2025-03-19	K. Jon Taylor	Grant	29K	—
2025-03-19	Lisowski Jason	Grant	3.8K	—
2025-03-19	TIERNEY BRIAN X	Grant	103K	—
2025-03-19	Thomas Toby L.	Grant	14K	—
2025-03-19	Park Hyun	Grant	17K	—
2025-03-01	Park Hyun	Tax withheld	9.9K	$38.35
2025-03-01	Park Hyun	Disposition	11K	$38.35
2025-03-01	Lisowski Jason	Option exercise	6.3K	—
2025-03-01	Lisowski Jason	Tax withheld	1.9K	$38.35
2025-03-01	Lisowski Jason	Disposition	2.1K	$38.35
2025-03-01	Thomas Toby L.	Tax withheld	1.6K	$38.35
2025-03-01	TIERNEY BRIAN X	Option exercise	134K	—
2025-03-01	TIERNEY BRIAN X	Tax withheld	61K	$38.35
2025-03-01	Thomas Toby L.	Option exercise	13K	—
2025-03-01	Thomas Toby L.	Disposition	11K	$38.35
2025-03-01	K. Jon Taylor	Option exercise	41K	—
2025-03-01	K. Jon Taylor	Grant	14K	—
2025-03-01	K. Jon Taylor	Tax withheld	11K	$38.35
2025-03-01	K. Jon Taylor	Disposition	14K	$38.35
2025-03-01	K. Jon Taylor	Disposition	14K	$38.35
2025-03-01	SOMERHALDER JOHN W II	Option exercise	3.8K	—
2025-03-01	SOMERHALDER JOHN W II	Tax withheld	1.4K	$38.35
2025-03-01	Smith Allan Wade	Option exercise	17K	—
2025-03-01	Smith Allan Wade	Tax withheld	7.8K	$38.35
2025-03-01	Park Hyun	Option exercise	33K	—
2025-01-02	SOMERHALDER JOHN W II	Grant	1.6K	$39.99
2025-01-02	DEMETRIOU STEVEN J.	Grant	1.0K	$39.99

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-01	Reg FDExhibits	filing ↗
2026-05-20	Material agreementShareholder voteExhibits	filing ↗
2026-04-28	ResultsReg FDExhibits	filing ↗
2026-02-17	ResultsReg FD	filing ↗
2026-02-12	Exec/director change	filing ↗
2025-12-09	Reg FDExhibits	filing ↗
2025-11-20	Reg FDExhibits	filing ↗
2025-10-22	ResultsReg FDExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-01	2026-06-01	0001031296-26-000092 ↗
8-K	2026-05-20	2026-05-20	0001031296-26-000089 ↗
10-Q	2026-04-28	2026-03-31	0001031296-26-000085 ↗
8-K	2026-04-28	2026-04-28	0001031296-26-000084 ↗
10-K	2026-02-18	2025-12-31	0001031296-26-000046 ↗
8-K	2026-02-17	2026-02-17	0001031296-26-000041 ↗
8-K	2026-02-12	2026-02-08	0001031296-26-000020 ↗
8-K	2025-12-09	2025-12-09	0001031296-25-000096 ↗
8-K	2025-11-20	2025-11-20	0001031296-25-000089 ↗
10-Q	2025-10-28	2025-09-30	0001031296-25-000085 ↗
8-K	2025-10-22	2025-10-22	0001031296-25-000080 ↗
8-K	2025-09-29	2025-09-23	0001031296-25-000056 ↗