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FirstEnergy FE Net debt / EBITDA

Net debt / EBITDA at other companies

Public Service Enterprise Group logo
Public Service Enterprise GroupPEG
PPL logo
PPLPPL
5.1×-0.1×
Exelon logo
ExelonEXC
5.3×-0.1×
CNP
CenterPoint EnergyCNP
5.4×-0.2×
Eversource Energy logo
Eversource EnergyES
7.4×-1.3×
PG&E logo
PG&EPCG
6.3×+0.2×

Other financials

Income statement

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Revenue$4.2B+11.6%
Operating income$828.0M+9.8%
Net income$405.0M+12.5%
EPS (diluted)$0.70+12.9%

Balance sheet

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Cash & equivalents$52.0M-60.6%
Total debt$27.6B+20.9%
Total equity$12.7B+0.7%
Total assets$56.9B+7.9%

Cash flow

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Operating cash flow$148.0M-76.8%
CapEx$1.3B+24.9%
Free cash flow-$1.1B-201%

Valuation

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Market cap$26.69B+25.6%
Enterprise value$54.27B+23.5%
P/E24×+4.4×
P/S1.7×+0.2×

Profitability

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Operating margin14.8%-3.2pp
Net margin7.2%-0.6pp

Returns & leverage

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Return on equity8.8%+0.1pp
Debt / equity2.2×+0.4×
Current ratio0.5×+0.1×

Where this comes from

Calculated from FirstEnergy’s reported figures.

Based on the most recent quarter.

The official record: FirstEnergy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FirstEnergy's net debt / EBITDA?
FirstEnergy (FE) reported net debt / EBITDA of 6.9× in Q1 2026.
How has FirstEnergy's net debt / EBITDA changed year-over-year?
FirstEnergy's net debt / EBITDA increased by 26.0% year-over-year, from 5.5× to 6.9×.
What is the long-term trend for FirstEnergy's net debt / EBITDA?
Over 4 years (2021 to 2025), FirstEnergy's net debt / EBITDA has grown at a -2.3% compound annual growth rate (CAGR), from 25.3× to 23×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.