FirstEnergy Corporation (FE)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 978,000 | 1,102,000 | 406,000 | 1,283,000 | 1,079,000 |
| Revenue | US$ in thousands | 13,472,000 | 12,870,000 | 12,459,000 | 11,132,000 | 10,790,000 |
| Net profit margin | 7.26% | 8.56% | 3.26% | 11.53% | 10.00% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $978,000K ÷ $13,472,000K
= 7.26%
FirstEnergy Corporation's net profit margin has exhibited fluctuations over the specified period. Starting at 10.00% as of December 31, 2020, the net profit margin improved to 11.53% by December 31, 2021, indicating stronger profitability. However, there was a significant decline by December 31, 2022, where the net profit margin decreased to 3.26%, suggesting a decrease in profitability. Subsequently, by December 31, 2023, the net profit margin recovered to 8.56%, showing an improved performance. Finally, by December 31, 2024, the net profit margin decreased slightly to 7.26%. It is evident that FirstEnergy Corporation experienced varying levels of profitability over the considered years, with 2022 being a notably challenging year. Further analysis of the company's financial performance and operational strategies could offer insights into these fluctuations.
Peer comparison
Dec 31, 2024