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| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $10,790 | $11,132 | $12,459 | $12,870 | $13,472 |
| Gross Profit | $2,162 | $1,726 | $1,910 | $2,266 | $2,375 |
| Operating Income | $2,162 | $1,726 | $1,910 | $2,266 | $2,375 |
| Net Income | $1,079 | $1,283 | $406 | $1,102 | $978 |
Over the five-year period, FIRSTENERGY CORP.’s revenue shows a steady upward trend rising from USD 10,790 million in 2020 to USD 13,472 million in 2024. Despite this consistent revenue growth, gross profit and operating income experienced some fluctuations. In 2020, both gross profit and operating income were USD 2,162 million, but 2021 saw a noticeable decline to USD 1,726 million—a drop of about 20%—indicating potential early-stage margin pressure. By 2023, both figures recovered to USD 2,266 million and continued to increase in 2024 to USD 2,375 million. This overall pattern suggests that while the company has been able to grow sales steadily, cost management or pricing pressures may have affected margins, particularly in the immediate post-2020 period. Net income trends are more volatile compared to the other key metrics. After rising from USD 1,079 million in 2020 to USD 1,283 million in 2021, the company experienced a precipitous decline to USD 406 million in 2022—a swing well over 20% that could indicate extraordinary expenses or operational challenges during that year. Net income then improved in 2023 to USD 1,102 million, before a modest decline to USD 978 million in 2024. Given that FIRSTENERGY operates within the heavily regulated and capital-intensive utility sector, these fluctuations may reflect changes in regulatory environments, operational costs, or investment cycles. Overall, despite some short-term profitability challenges, the firm’s steady revenue growth, recovering gross margins, and operational income suggest that FIRSTENERGY maintains a generally sustainable financial footing, warranting a closer look at the drivers of net income volatility.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.