FEFirstEnergy

Utilities · Electric Utilities · NYSE

FE and its subsidiaries are principally involved in the transmission, distribution, and generation of electricity. 10-K, Item 1

Employees: 11,186
Headquarters: Akron, OH
CEO: Brian X. Tierney
Next results: around Feb 16, 2027

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Key numbers

Latest fiscal year, with ten years behind each

RevenueFY2016–25 $15.1B+12.0% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.0B+4.3% FY2024: $978.0M 10-K FY2025 · XBRL Free cash flowFY2016–25 −$1.0B FY2024: −$1.1B 10-K FY2025 · XBRL Operating marginFY2016–25 14.6%−3.0 pts 14.1% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 18, 2026 against Feb 27, 2025

Area	What changed	Source
Risk factors	16 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	11 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 18, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-27. Quoted as filed.

The retail rates for each of the Electric Companies are set by each of its respective regulatory agency for utilities in the state in which it operates - in Maryland by the MDPSC, in New Jersey by the NJBPU, in Ohio by the PUCO, in Pennsylvania by the
10-K, Item 1A

All 16 new paragraphs →

Accounting checks

latest 10-K

11 of 11 clear 0 worth a look. Checks, not verdicts.

✓
Receivables +12.8% vs revenue +12.0% (+0.8 pts)
✓
Cash from operations $3.7B vs net income $1.0B (FY ending 2025-12-31)
✓
Inventory +5.1% vs revenue +12.0% (-6.9 pts)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Accounting for the Effects of Rate Regulation
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 28, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 27, 20268-K Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01

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