FirstEnergy Corporation (FE) - Net Assets
Based on the latest financial reports, FirstEnergy Corporation (FE) has net assets worth $14.18 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($55.88 Billion) and total liabilities ($41.70 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check FirstEnergy Corporation liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $14.18 Billion |
| % of Total Assets | 25.38% |
| Annual Growth Rate | 4.41% |
| 5-Year Change | 89.58% |
| 10-Year Change | 10.45% |
| Growth Volatility | 24.44 |
FirstEnergy Corporation - Net Assets Trend (1997–2024)
This chart illustrates how FirstEnergy Corporation's net assets have evolved over time, based on quarterly financial data. Also explore FE asset base for the complete picture of this company's asset base.
Annual Net Assets for FirstEnergy Corporation (1997–2024)
The table below shows the annual net assets of FirstEnergy Corporation from 1997 to 2024. For live valuation and market cap data, see FE stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $13.72 Billion | +25.69% |
| 2023-12-31 | $10.92 Billion | +2.57% |
| 2022-12-31 | $10.64 Billion | +22.69% |
| 2021-12-31 | $8.68 Billion | +19.87% |
| 2020-12-31 | $7.24 Billion | +3.76% |
| 2019-12-31 | $6.97 Billion | +2.36% |
| 2018-12-31 | $6.81 Billion | +73.61% |
| 2017-12-31 | $3.92 Billion | -37.11% |
| 2016-12-31 | $6.24 Billion | -49.76% |
| 2015-12-31 | $12.42 Billion | 0.00% |
| 2014-12-31 | $12.42 Billion | -2.15% |
| 2013-12-31 | $12.70 Billion | -3.04% |
| 2012-12-31 | $13.09 Billion | -1.55% |
| 2011-12-31 | $13.30 Billion | +56.22% |
| 2010-12-31 | $8.51 Billion | -0.51% |
| 2009-12-31 | $8.56 Billion | +3.31% |
| 2008-12-31 | $8.28 Billion | -7.73% |
| 2007-12-31 | $8.98 Billion | -0.64% |
| 2006-12-31 | $9.04 Billion | -1.67% |
| 2005-12-31 | $9.19 Billion | +6.97% |
| 2004-12-31 | $8.59 Billion | +3.62% |
| 2003-12-31 | $8.29 Billion | +16.42% |
| 2002-12-31 | $7.12 Billion | -3.76% |
| 2001-12-31 | $7.40 Billion | +55.01% |
| 2000-12-31 | $4.77 Billion | +1.90% |
| 1999-12-31 | $4.68 Billion | +2.51% |
| 1998-12-31 | $4.57 Billion | +6.77% |
| 1997-12-31 | $4.28 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to FirstEnergy Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 93.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $43.00 Million | 0.35% |
| Common Stock | $58.00 Million | 0.47% |
| Other Comprehensive Income | $-14.00 Million | -0.11% |
| Other Components | $12.37 Billion | 99.30% |
| Total Equity | $12.46 Billion | 100.00% |
FirstEnergy Corporation Competitors by Market Cap
The table below lists competitors of FirstEnergy Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Life Insurance Company Limited
F:CHL
|
$27.14 Billion |
|
Fresenius SE & Co. KGaA
XETRA:FRE
|
$27.16 Billion |
|
Shenzhen Inovance Tech
SHE:300124
|
$27.18 Billion |
|
Shengyi Technology Co Ltd
SHG:600183
|
$27.20 Billion |
|
China National Nuclear Power
SHG:601985
|
$27.06 Billion |
|
Shinhan Financial Group Co Ltd
NYSE:SHG
|
$27.03 Billion |
|
Hubbell Inc
NYSE:HUBB
|
$27.03 Billion |
|
EXPERIAN PLC ADR
F:J2BA
|
$27.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FirstEnergy Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,437,000,000 to 12,455,000,000, a change of 2,018,000,000 (19.3%).
- Net income of 978,000,000 contributed positively to equity growth.
- Dividend payments of 970,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,000,000.
- Other factors increased equity by 2,007,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $978.00 Million | +7.85% |
| Dividends Paid | $970.00 Million | -7.79% |
| Other Comprehensive Income | $3.00 Million | +0.02% |
| Other Changes | $2.01 Billion | +16.11% |
| Total Change | $- | 19.34% |
Book Value vs Market Value Analysis
This analysis compares FirstEnergy Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.17x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.72x to 2.17x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $27.28 | $46.92 | x |
| 1998-12-31 | $20.18 | $46.92 | x |
| 1999-12-31 | $20.60 | $46.92 | x |
| 2000-12-31 | $21.43 | $46.92 | x |
| 2001-12-31 | $32.17 | $46.92 | x |
| 2002-12-31 | $24.22 | $46.92 | x |
| 2003-12-31 | $27.18 | $46.92 | x |
| 2004-12-31 | $26.15 | $46.92 | x |
| 2005-12-31 | $27.84 | $46.92 | x |
| 2006-12-31 | $27.63 | $46.92 | x |
| 2007-12-31 | $28.96 | $46.92 | x |
| 2008-12-31 | $26.98 | $46.92 | x |
| 2009-12-31 | $27.96 | $46.92 | x |
| 2010-12-31 | $28.02 | $46.92 | x |
| 2011-12-31 | $33.12 | $46.92 | x |
| 2012-12-31 | $31.23 | $46.92 | x |
| 2013-12-31 | $30.30 | $46.92 | x |
| 2014-12-31 | $29.50 | $46.92 | x |
| 2015-12-31 | $29.30 | $46.92 | x |
| 2016-12-31 | $14.65 | $46.92 | x |
| 2017-12-31 | $8.84 | $46.92 | x |
| 2018-12-31 | $13.79 | $46.92 | x |
| 2019-12-31 | $12.87 | $46.92 | x |
| 2020-12-31 | $13.33 | $46.92 | x |
| 2021-12-31 | $15.89 | $46.92 | x |
| 2022-12-31 | $17.77 | $46.92 | x |
| 2023-12-31 | $18.18 | $46.92 | x |
| 2024-12-31 | $21.59 | $46.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FirstEnergy Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.85%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.26%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 4.18x
- Recent ROE (7.85%) is above the historical average (3.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 7.15% | 10.84% | 0.16x | 4.22x | $-122.16 Million |
| 1998 | 8.99% | 7.01% | 0.32x | 3.95x | $-46.02 Million |
| 1999 | 12.13% | 8.99% | 0.35x | 3.89x | $99.91 Million |
| 2000 | 12.55% | 8.52% | 0.39x | 3.76x | $121.66 Million |
| 2001 | 8.74% | 8.08% | 0.21x | 5.05x | $-93.41 Million |
| 2002 | 7.75% | 4.54% | 0.36x | 4.72x | $-160.00 Million |
| 2003 | 5.09% | 3.43% | 0.37x | 3.97x | $-406.90 Million |
| 2004 | 10.21% | 7.04% | 0.40x | 3.62x | $18.10 Million |
| 2005 | 9.37% | 7.18% | 0.38x | 3.47x | $-57.80 Million |
| 2006 | 13.88% | 10.90% | 0.37x | 3.45x | $350.50 Million |
| 2007 | 14.58% | 10.22% | 0.40x | 3.57x | $411.30 Million |
| 2008 | 16.20% | 9.85% | 0.41x | 4.05x | $513.70 Million |
| 2009 | 11.76% | 7.76% | 0.38x | 4.01x | $150.30 Million |
| 2010 | 8.68% | 5.56% | 0.38x | 4.07x | $-112.50 Million |
| 2011 | 6.66% | 5.44% | 0.34x | 3.56x | $-443.00 Million |
| 2012 | 5.89% | 5.03% | 0.30x | 3.85x | $-538.40 Million |
| 2013 | 3.09% | 2.63% | 0.30x | 3.97x | $-877.50 Million |
| 2014 | 2.41% | 1.99% | 0.29x | 4.20x | $-943.00 Million |
| 2015 | 4.65% | 3.85% | 0.29x | 4.20x | $-664.20 Million |
| 2016 | -98.97% | -42.42% | 0.34x | 6.91x | $-6.80 Billion |
| 2017 | -43.92% | -12.30% | 0.33x | 10.77x | $-2.12 Billion |
| 2018 | 19.78% | 11.97% | 0.28x | 5.88x | $666.60 Million |
| 2019 | 13.08% | 8.26% | 0.26x | 6.06x | $214.50 Million |
| 2020 | 14.91% | 10.00% | 0.24x | 6.14x | $355.30 Million |
| 2021 | 14.79% | 11.53% | 0.25x | 5.24x | $415.50 Million |
| 2022 | 3.99% | 3.26% | 0.27x | 4.54x | $-610.60 Million |
| 2023 | 10.56% | 8.56% | 0.26x | 4.67x | $58.30 Million |
| 2024 | 7.85% | 7.26% | 0.26x | 4.18x | $-267.50 Million |
Industry Comparison
This section compares FirstEnergy Corporation's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $9,327,060,100
- Average return on equity (ROE) among peers: 13.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FirstEnergy Corporation (FE) | $14.18 Billion | 7.15% | 2.94x | $27.10 Billion |
| Ameren Corp (AEE) | $8.20 Billion | 10.10% | 2.53x | $30.51 Billion |
| American Electric Power Co Inc (AEP) | $26.99 Billion | 10.99% | 2.82x | $71.56 Billion |
| CMS Energy Corporation (CMS) | $3.24 Billion | 11.80% | 4.29x | $23.30 Billion |
| CenterPoint Energy Inc (CNP) | $4.69 Billion | 38.23% | 3.85x | $27.76 Billion |
| Dominion Energy Inc (D) | $10.40 Billion | 9.94% | 4.06x | $56.20 Billion |
| DTE Energy Company (DTE) | $4.01 Billion | 11.66% | 2.15x | $30.10 Billion |
| Duke Energy Corporation (DUK) | $21.38 Billion | 7.04% | 1.32x | $100.08 Billion |
| Consolidated Edison Inc (ED) | $5.96 Billion | 11.67% | 1.86x | $40.71 Billion |
| Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) | $2.18 Billion | 4.15% | 1.00x | $519.48 Million |
| Edison International (EIX) | $6.22 Billion | 17.32% | 4.35x | $26.89 Billion |
About FirstEnergy Corporation
FirstEnergy Corp., together with its subsidiaries, engages in the generation, distribution, and transmission of electricity in the United States. It operates through Distribution, Integrated, and Stand-Alone Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities. It operates 252,244 distribution line miles and 24,143 tr… Read more