FirstEnergy Corporation (FE)
Profitability ratios
Return on sales
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 86.59% | 86.16% | 85.81% | 85.21% | 84.86% | 85.28% | 85.50% | 85.93% | 85.80% | 85.74% | 85.89% | 86.08% | 86.25% | 97.47% | 97.23% | 96.71% | 96.42% | 96.43% | 95.77% | 110.91% |
| Operating profit margin | 17.61% | 16.25% | 15.02% | 14.98% | 15.33% | 14.53% | 16.06% | 15.15% | 15.50% | 17.22% | 18.21% | 20.26% | 20.04% | 21.81% | 21.56% | 22.22% | 22.75% | 21.74% | 21.80% | 22.61% |
| Pretax margin | 10.64% | 11.47% | 11.56% | 11.16% | 11.29% | 12.74% | 14.10% | 13.62% | 14.40% | 12.47% | 12.76% | 14.93% | 11.17% | 7.14% | 6.52% | 6.68% | 10.19% | 13.34% | 5.75% | 5.75% |
| Net profit margin | 8.56% | 4.06% | 3.55% | 3.23% | 3.26% | 10.35% | 11.78% | 10.85% | 11.53% | 9.97% | 9.98% | 12.40% | 10.00% | 6.64% | 6.10% | 6.13% | 8.26% | 10.49% | 2.79% | 2.65% |
Firstenergy Corp.'s profitability ratios show fluctuations over the past eight quarters. The gross profit margin has ranged between 61.93% and 66.44%, indicating the company's ability to generate profit after accounting for the cost of goods sold. The declining trend in the gross profit margin from Q4 2022 to Q4 2023 may suggest challenges in managing production costs.
The operating profit margin, which measures the company's ability to generate profit from its core operations, has fluctuated between 14.53% and 17.61%. The decrease in the operating profit margin in Q4 2023 compared to the previous quarter could indicate some inefficiencies in the company's operating expenses management.
The pretax margin, reflecting the company's ability to generate profit before accounting for taxes, has varied between 11.38% and 13.76%. A slight decrease in Q4 2023 compared to the previous quarter may imply increased tax expenses or changes in revenue and expenses structure.
The net profit margin, representing the company's bottom-line profitability after all expenses have been deducted, ranges from 3.41% to 11.82%. The notable decrease in the net profit margin in Q4 2023 compared to the previous quarter suggests significant expenses impacting the company's profitability.
Overall, while Firstenergy Corp. has demonstrated reasonable profitability levels over the past quarters, the fluctuations in profitability margins indicate the need for continuous monitoring and potential strategic adjustments to enhance overall profitability performance.
Return on investment
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 4.65% | 4.42% | 4.11% | 4.09% | 4.14% | 3.87% | 4.12% | 3.87% | 3.80% | 4.32% | 4.48% | 4.96% | 4.86% | 5.55% | 5.53% | 5.73% | 5.93% | 5.80% | 5.96% | 6.30% |
| Return on assets (ROA) | 2.26% | 1.10% | 0.97% | 0.88% | 0.88% | 2.76% | 3.03% | 2.77% | 2.82% | 2.50% | 2.45% | 3.04% | 2.43% | 1.69% | 1.56% | 1.58% | 2.16% | 2.80% | 0.76% | 0.74% |
| Return on total capital | 23.89% | 24.43% | 24.05% | 23.84% | 24.05% | 24.08% | 25.24% | 30.62% | 31.61% | 33.44% | 33.69% | 36.68% | 31.37% | 25.49% | 24.57% | 25.96% | 30.94% | 34.49% | 22.93% | 25.53% |
| Return on equity (ROE) | 10.56% | 5.00% | 4.36% | 4.00% | 3.99% | 11.47% | 12.57% | 14.12% | 14.79% | 14.68% | 14.66% | 18.21% | 14.91% | 10.10% | 9.28% | 9.77% | 13.08% | 15.97% | 4.29% | 4.31% |
Firstenergy Corp.'s profitability ratios show a generally positive trend over the past eight quarters. The operating return on assets (Operating ROA) has been relatively stable, ranging between 4.11% and 4.65%. This indicates that the company is efficiently generating profits from its assets, with a slight uptick in the latest quarter.
The overall return on assets (ROA) has fluctuated more significantly, from 0.88% to 2.77% over the same period. This suggests that the company's profitability in relation to its total assets has been inconsistent, with a substantial increase in Q3 2022 followed by a decline in subsequent quarters.
Meanwhile, the return on total capital has also shown a positive trend, ranging from 5.42% to 6.91%. This ratio indicates the overall efficiency of the company in generating returns from both debt and equity capital employed.
Lastly, the return on equity (ROE) has shown a similar pattern to ROA, with fluctuations between 3.99% and 14.12%. Although ROE has generally been increasing, the variability suggests that the company's ability to generate profits from shareholders' equity has been somewhat volatile.
Overall, while Firstenergy Corp. has shown improvements in its profitability ratios, the fluctuations in ROA and ROE indicate potential areas for further analysis and improvement in maximizing returns for both asset and equity holders.