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Firstenergy Corp   (FE)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities


Firstenergy 's ROA from the first quarter of 2024 to the first quarter of 2023 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Firstenergy 's ROA in the first quarter of 2024?
Firstenergy Corp achieved a return on average assets (ROA) of 2.31 % in its first quarter of 2024, this is above FE's average return on assets of 1.3%.
Firstenergy Corp s assets during the 12 months ending in the first quarter of 2024 are valued at $48 billion

ROA fell compared to the fourth quarter of 2023, despite the net income growth of 39.06% from the fourth quarter of 2023.

However, within the Utilities sector 64 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Mar 31 2024 quarter, so far to 1388, from total ROA ranking in the fourth quarter of 2023 at 1590.

What is ROA?


Return On Assets (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Total Assets Change 8.76 % 5.78 % 5.84 % 5.72 % 5.59 %
Y / Y Net Income Change -13.87 % - 22.09 % 32.29 % 7.64 %
Net Income (TTM) in million 1,133 1,176 599 523 461
Return On Assets (TTM) 2.31 % 2.45 % 1.27 % 1.12 % 1 %
FE's Total Ranking # 1388 # 1590 # 2074 # 2266 # 2431
Total Assets (TTM) in million 51,237 49,430 47,471 47,703 47,111
Seq. Total Assets Change 3.66 % 4.13 % -0.49 % 1.26 % 0.82 %
Seq. Net Income Change 39.06 % -54.29 % 65.35 % -18.06 % -



Return On Assets Company Ranking
Within: No.
Industry # 29
Sector # 65
Overall # 1386

Return On Assets Statistics
High Average Low
4.26 %
1.3 %
-13.27 %
(June 30, 2007)   (Mar 31 2017)





Financial Statements
Firstenergy 's Assets $ 51,237 million FE's Balance sheet
Firstenergy 's Income $ 267 million Quarterly FE's Income Statement
FE's Income by Division See FE's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
Y / Y Total Assets Change 7.2 % 1.49 % 2.18 % 5.11 % 5.59 %
Total Assets in million 49,430 46,108 45,432 44,464 42,301
Y / Y Net Income Change 167.88 % -65.78 % 18.91 % 18.83 % -32.64 %
Net Income in million 1,176 439 1,283 1,079 908
Return On Assets 2.38 % 0.95 % 2.82 % 2.43 % 2.15 %




Comment on FE's ROA in the fiscal year ending 2023
In the fiscal year 2023 ROA improved to 2.38 % compared to prior year, due to annual net income growth of 167.88 % to $1,176.00 million, while value of Firstenergy 's overall assets grew just by 7.2 % to $49,430.00 million, compared to $49,430.00 a year before.


More Return On Assets Ratios
FE's' Return on Assets at Yahoo Finance
Electric Utilities Industry Return On Assets Trends and Statistics
Utilities Sector Roa Statistics
Roa Trends for overall market
FE's Roa Ratio versus Electric Utilities Industry, Utilities Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for FE's Competitors
Roa for Firstenergy 's Suppliers
Return On Assets for FE's Customers

You may also want to know
FE's Roi FE's Inventory Turnover Ratio FE's Growth Rates FE's Dividend Comparisons
FE's Profitability Ratios FE's Asset Turnover Ratio FE's Dividend Growth
FE's Roe FE's Valuation Ratios FE's Financial Strength Ratios FE's Dividend Payout Ratio



Companies with similar Return On Assets at Mar 31 2024, within Utilities Sector ROA
Nrg Energy Inc  6.07 %
Oncor Electric Delivery Company Llc  5.91 %
Williams companies inc   5.86 %
Oneok Inc   5.74 %
American States Water Co  5.12 %
Plains All American Pipeline Lp  5.04 %
Energy Transfer Lp  5.01 %
Pure Cycle Corporation  4.89 %
Archrock inc   4.84 %
Dt Midstream Inc   4.64 %
Plains Gp Holdings Lp  4.61 %
Genie Energy Ltd   4.46 %
Summit Midstream Partners Lp  4.40 %
Atmos Energy Corp  4.35 %
Northwest Natural Holding Company  4.30 %
Rgc Resources Inc   4.29 %
New Fortress Energy Inc   4.11 %
Equitrans Midstream Corporation  4.07 %
Sempra  3.85 %
New Jersey Resources Corporation  3.79 %
Wisconsin Public Service Corporation  3.75 %
Nextera Energy Inc   3.69 %
Enlink Midstream Llc  3.67 %
Kinder Morgan Inc   3.66 %
Public Service Enterprise Group Incorporated  3.58 %
Entergy Corporation  3.52 %
Chesapeake Utilities Corp  3.50 %
Essential Utilities Inc   3.45 %
Alliant Energy Corp  3.33 %
Wec Energy Group Inc   3.32 %


Date modified: 2024-04-26T14:30:39+00:00


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