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FirstEnergy Valuation Multiples
Discover revenue and EBITDA valuation multiples for FirstEnergy and similar public comparables like Naturgy Energy Group, Fortis, Cheniere Energy Partners, PPL Corp. and more.
FirstEnergy Overview
About FirstEnergy
FirstEnergy is an investor-owned holding company with operations across five mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest electric transmission systems.
Founded
1996
HQ
Employees
11.2K
Website
Sectors
Financials (LTM)
EV
$55B
FirstEnergy Financials
FirstEnergy reported last 12-month revenue of $15B and EBITDA of $5B.
In the same LTM period, FirstEnergy generated $10B in gross profit, $5B in EBITDA, and $2B in net income.
Revenue (LTM)
FirstEnergy P&L
In the most recent fiscal year, FirstEnergy reported revenue of $15B and EBITDA of $5B.
FirstEnergy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $15B | XXX | $15B | XXX | XXX | XXX |
| Gross Profit | $10B | XXX | $10B | XXX | XXX | XXX |
| Gross Margin | 66% | XXX | 65% | XXX | XXX | XXX |
| EBITDA | $5B | XXX | $5B | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 30% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | — | — | $26B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
FirstEnergy Stock Performance
FirstEnergy has current market cap of $29B, and enterprise value of $55B.
Market Cap Evolution
FirstEnergy's stock price is $50.10.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $55B | $29B | 0.0% | XXX | XXX | XXX | $2.54 |
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Start Free TrialFirstEnergy Valuation Multiples
FirstEnergy trades at 3.7x EV/Revenue multiple, and 11.9x EV/EBITDA.
EV / Revenue (LTM)
FirstEnergy Financial Valuation Multiples
As of April 20, 2026, FirstEnergy has market cap of $29B and EV of $55B.
Equity research analysts estimate FirstEnergy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
FirstEnergy has a P/E ratio of 18.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $29B | XXX | $29B | XXX | XXX | XXX |
| EV (current) | $55B | XXX | $55B | XXX | XXX | XXX |
| EV/Revenue | 3.7x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBITDA | 11.9x | XXX | 12.3x | XXX | XXX | XXX |
| EV/EBIT | 18.2x | XXX | 18.8x | XXX | XXX | XXX |
| EV/Gross Profit | 5.6x | XXX | 5.6x | XXX | XXX | XXX |
| P/E | 18.9x | XXX | 19.7x | XXX | XXX | XXX |
| EV/FCF | (92.8x) | XXX | (325.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified FirstEnergy Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
FirstEnergy Margins & Growth Rates
FirstEnergy's revenue in the last 12 month grew by 2%.
FirstEnergy's revenue per employee in the last FY averaged $1.4M, while opex per employee averaged $0.6M for the same period.
FirstEnergy's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
FirstEnergy's rule of X is 35% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
FirstEnergy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 30% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 47% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
FirstEnergy Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| FirstEnergy | XXX | XXX | XXX | XXX | XXX | XXX |
| Naturgy Energy Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Fortis | XXX | XXX | XXX | XXX | XXX | XXX |
| Cheniere Energy Partners | XXX | XXX | XXX | XXX | XXX | XXX |
| PPL Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| CenterPoint Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
FirstEnergy M&A Activity
FirstEnergy acquired XXX companies to date.
Last acquisition by FirstEnergy was on XXXXXXXX, XXXXX. FirstEnergy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by FirstEnergy
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFirstEnergy Investment Activity
FirstEnergy invested in XXX companies to date.
FirstEnergy made its latest investment on XXXXXXXX, XXXXX. FirstEnergy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by FirstEnergy
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout FirstEnergy
| When was FirstEnergy founded? | FirstEnergy was founded in 1996. |
| Where is FirstEnergy headquartered? | FirstEnergy is headquartered in United States. |
| How many employees does FirstEnergy have? | As of today, FirstEnergy has over 11K employees. |
| Who is the CEO of FirstEnergy? | FirstEnergy's CEO is Brian X. Tierney. |
| Is FirstEnergy publicly listed? | Yes, FirstEnergy is a public company listed on NYSE. |
| What is the stock symbol of FirstEnergy? | FirstEnergy trades under FE ticker. |
| When did FirstEnergy go public? | FirstEnergy went public in 1997. |
| Who are competitors of FirstEnergy? | FirstEnergy main competitors are Naturgy Energy Group, Fortis, Cheniere Energy Partners, PPL Corp.. |
| What is the current market cap of FirstEnergy? | FirstEnergy's current market cap is $29B. |
| What is the current revenue of FirstEnergy? | FirstEnergy's last 12 months revenue is $15B. |
| What is the current revenue growth of FirstEnergy? | FirstEnergy revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of FirstEnergy? | Current revenue multiple of FirstEnergy is 3.7x. |
| Is FirstEnergy profitable? | Yes, FirstEnergy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of FirstEnergy? | FirstEnergy's last 12 months EBITDA is $5B. |
| What is FirstEnergy's EBITDA margin? | FirstEnergy's last 12 months EBITDA margin is 31%. |
| What is the current EV/EBITDA multiple of FirstEnergy? | Current EBITDA multiple of FirstEnergy is 11.9x. |
| What is the current FCF of FirstEnergy? | FirstEnergy's last 12 months FCF is ($598M). |
| What is FirstEnergy's FCF margin? | FirstEnergy's last 12 months FCF margin is (4%). |
| What is the current EV/FCF multiple of FirstEnergy? | Current FCF multiple of FirstEnergy is (92.8x). |
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