FirstEnergy
FE · Electric Utilities
$46.15
0.7%Public Service Enterprise Group
PEG · Electric Utilities
$72.02
1.0%The short version
- FirstEnergy is the larger business, with $15.1B of revenue in fiscal 2025 against $12.2B for Public Service Enterprise Group.
- Public Service Enterprise Group grew revenue faster (18.3%, against 12.0%).
- Public Service Enterprise Group kept more of each dollar of sales as operating profit (24.5% operating margin, against 14.6% operating margin).
- Public Service Enterprise Group turned more of its sales into free cash flow (0.2% FCF margin, against −6.7% FCF margin).
- Public Service Enterprise Group earned a higher return on the capital invested in it (6.7%, against 4.6%).
- Investors pay more for each dollar of FirstEnergy’s earnings: a P/E of 25.2x against 17.9x for Public Service Enterprise Group.
| Latest fiscal year | FE · FY25 | PEG · FY25 |
|---|---|---|
| Size | ||
| Market cap | $26.8B | $35.9B |
| Revenue | $15.1B | $12.2B |
| Free cash flow | −$1.0B | $26.0M |
| Net income | $1.0B | $2.1B |
| Growth | ||
| Revenue growth | 12.0% | 18.3% |
| 5-year growth | 6.9% | 4.9% |
| Share count change | 0.2% | 0.2% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 14.6% | 24.5% |
| Net margin | 6.8% | 17.4% |
| FCF margin | −6.7% | 0.2% |
| Return on capital | 4.6% | 6.7% |
| Return on equity | 8.2% | 12.8% |
| Balance sheet | ||
| Net debt | $26.5B | $23.9B |
| Net debt / EBITDA | 6.9x | 5.7x |
| Dividends and buybacks | $1.0B | $1.3B |
| Valuation & quality | ||
| P/E | 25.2x | 17.9x |
| Piotroski F-score | 5 | 7 |
FY16
FE $10.7B
PEG $9.0B
FY17
FE $10.9B
PEG $9.1B
FY18
FE $11.3B
PEG $9.7B
FY19
FE $11.0B
PEG $10.1B
FY20
FE $10.8B
PEG $9.6B
FY21
FE $11.1B
PEG $9.7B
FY22
FE $12.5B
PEG $9.8B
FY23
FE $12.9B
PEG $11.2B
FY24
FE $13.5B
PEG $10.3B
FY25
FE $15.1B
PEG $12.2B
FE
PEG
FY16
FE 19.2%
PEG 17.8%
FY17
FE 22.2%
PEG 15.7%
FY18
FE 22.2%
PEG 23.7%
FY19
FE 22.8%
PEG 19.3%
FY20
FE 20.0%
PEG 23.6%
FY21
FE 15.5%
PEG −8.8%
FY22
FE 15.3%
PEG 14.1%
FY23
FE 17.6%
PEG 32.8%
FY24
FE 17.6%
PEG 22.9%
FY25
FE 14.6%
PEG 24.5%
FE
PEG
FY16
FE $548M
PEG −$886M
FY17
FE $1.2B
PEG −$930M
FY18
FE −$1.3B
PEG −$999M
FY19
FE −$198M
PEG $213M
FY20
FE −$1.2B
PEG $179M
FY21
FE $324M
PEG −$983M
FY22
FE −$165M
PEG −$1.4B
FY23
FE −$2.0B
PEG $481M
FY24
FE −$1.1B
PEG −$1.2B
FY25
FE −$1.0B
PEG $26.0M
FE
PEG
FY16
FE 3.3%
PEG 4.6%
FY17
FE 4.7%
PEG 5.5%
FY18
FE 8.0%
PEG 6.3%
FY19
FE 8.7%
PEG 5.6%
FY20
FE 6.7%
PEG 5.9%
FY21
FE 4.5%
PEG −2.1%
FY22
FE 3.0%
PEG 4.2%
FY23
FE 5.5%
PEG 8.9%
FY24
FE 4.9%
PEG 6.2%
FY25
FE 4.6%
PEG 6.7%
FE
PEG
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.