FirstEnergy Corporation (FE)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,102,000 | 524,000 | 458,000 | 410,000 | 406,000 | 1,236,000 | 1,365,000 | 1,236,000 | 1,283,000 | 1,098,000 | 1,089,000 | 1,340,000 | 1,079,000 | 726,000 | 663,000 | 666,000 | 912,000 | 1,161,000 | 312,000 | 299,000 |
| Total stockholders’ equity | US$ in thousands | 10,437,000 | 10,474,000 | 10,510,000 | 10,253,000 | 10,166,000 | 10,774,000 | 10,858,000 | 8,755,000 | 8,675,000 | 7,479,000 | 7,430,000 | 7,360,000 | 7,237,000 | 7,188,000 | 7,143,000 | 6,814,000 | 6,975,000 | 7,272,000 | 7,269,000 | 6,932,000 |
| 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% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,102,000K ÷ $10,437,000K
= 10.56%
Firstenergy Corp.'s return on equity (ROE) has exhibited fluctuations over the past eight quarters. In Q4 2023, the ROE stood at 10.56%, an increase from the previous quarter's 5.17%. It is positive to see this improvement in profitability efficiency. Comparing Q4 2023 to the same period in 2022, there was a notable increase, as the ROE was 3.99% in Q4 2022.
Further analysis reveals that the ROE peaked at 14.12% in Q1 2022, but has since been on a downward trend. The downward trend continued from Q2 2022 to Q4 2023, with the ROE gradually declining.
Overall, while the recent increase in ROE is a positive sign, Firstenergy Corp. has experienced variability in its profitability efficiency over the past eight quarters. It will be important to closely monitor future ROE trends to assess the company's ongoing financial performance and profitability.
Peer comparison
Dec 31, 2023