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 |
Edwyn
Over the reviewed five-year period, FirstEnergy Corp. exhibited moderate revenue growth with fluctuations in profitability metrics. Revenue increased from USD 10,790 million in 2020 to USD 13,472 million in 2024, representing an overall growth of about 25% or roughly 4.6% compounded annually. While gross profit showed an upward trend—from USD 2,162 million in 2020 to USD 2,375 million in 2024—the year-over-year changes were intermittent. Notably, gross profit declined by about 20% from 2020 to 2021 before recovering in subsequent years. Operating income, mirroring the gross profit trends, followed a similar fluctuating path, suggesting that operating expenses might have played a role in the margin variability. Net income trends were especially volatile: after an 18.8% rise from USD 1,079 million in 2020 to USD 1,283 million in 2021, the figure plunged by nearly 68% to USD 406 million in 2022, indicating a significant one-year dip that could be attributed to extraordinary operating or non-operating factors. Although net income rebounded by 171% in 2023 reaching USD 1,102 million, it declined by around 11% in 2024. Given FirstEnergy’s position as a major player in the electric utility sector—a typically regulated and relatively stable industry—such swings might reflect temporary operational challenges or market conditions rather than structural problems. Overall, despite some short-term volatility in profitability, FirstEnergy’s consistent revenue growth and resilient turnaround in operating income suggest a generally sustainable financial profile, albeit with some caution warranted regarding its fluctuating net margins.
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.