Firstenergy
Firstenergy returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 4.56% | 4.58% | -7.22% | 8.42% | 1.93% | 0.2 pp |
| FY 2026 Q1 | Mar 31, 2026 | 4.61% | 4.71% | -2.62% | 8.45% | 1.94% | 0.2 pp |
| FY 2025 Q4 | Dec 31, 2025 | 4.61% | 4.52% | 0.67% | 8.17% | 1.89% | 0.2 pp |
| FY 2025 Q3 | Sep 30, 2025 | 5.94% | 5.95% | 17.57% | 10.55% | 2.49% | 1.5 pp |
| FY 2025 Q2 | Jun 30, 2025 | 5.64% | 5.88% | 23.94% | 10.33% | 2.49% | 1.2 pp |
| FY 2025 Q1 | Mar 31, 2025 | 5.16% | 5.55% | 9.49% | 8.69% | 2.09% | 0.8 pp |
| FY 2024 Q4 | Dec 31, 2024 | 4.85% | 5.25% | -3.76% | 8.54% | 1.94% | 0.5 pp |
| FY 2024 Q3 | Sep 30, 2024 | 4.74% | 5.3% | 52.99% | 7.79% | 1.82% | 0.3 pp |
| FY 2024 Q2 | Jun 30, 2024 | 4.81% | 5.18% | 38.76% | 7.6% | 1.78% | 0.4 pp |
| FY 2024 Q1 | Mar 31, 2024 | 5.2% | 5.3% | 31.17% | 9.39% | 2.17% | 0.8 pp |
| FY 2023 Q4 | Dec 31, 2023 | 5.46% | 5.3% | 35.76% | 10.7% | 2.32% | 1.1 pp |
| FY 2023 Q3 | Sep 30, 2023 | 2.44% | 4.99% | -19.36% | 4.93% | 1.14% | -2 pp |
| FY 2023 Q2 | Jun 30, 2023 | 1.95% | 4.57% | -31.37% | 4.29% | 0.99% | -2.4 pp |
| FY 2023 Q1 | Mar 31, 2023 | 1.84% | 4.58% | -46.51% | 4.31% | 0.9% | -2.6 pp |
| FY 2022 Q4 | Dec 31, 2022 | 1.84% | 4.59% | -73.74% | 4.31% | 0.89% | -2.6 pp |
| FY 2022 Q3 | Sep 30, 2022 | 4.49% | 4.28% | -5.02% | 13.54% | 2.79% | 0.1 pp |
| FY 2022 Q2 | Jun 30, 2022 | 4.96% | 4.53% | 0.07% | 14.93% | 3.05% | 0.6 pp |
| FY 2022 Q1 | Mar 31, 2022 | 4.41% | 4.33% | -32.97% | 15.34% | 2.79% | 0 pp |
| FY 2021 Q4 | Dec 31, 2021 | 4.49% | 4.29% | -50.51% | 16.13% | 2.85% | 0.1 pp |
| FY 2021 Q3 | Sep 30, 2021 | 4.97% | 4.76% | -61.71% | 14.97% | 2.53% | 0.6 pp |
| FY 2021 Q2 | Jun 30, 2021 | 5.19% | 4.94% | -50.07% | 14.95% | 2.51% | 0.8 pp |
| FY 2021 Q1 | Mar 31, 2021 | 6.16% | 5.62% | -22.43% | 18.91% | 3.11% | 1.8 pp |
| FY 2020 Q4 | Dec 31, 2020 | 6.7% | 5.62% | -4.2% | 15.18% | 2.49% | 2.3 pp |
| FY 2020 Q3 | Sep 30, 2020 | 7.7% | 6.18% | 9.42% | 10.04% | 1.72% | 3.3 pp |
| FY 2020 Q2 | Jun 30, 2020 | 7.62% | 6.1% | 11.12% | 9.2% | 1.59% | 3.2 pp |
| FY 2020 Q1 | Mar 31, 2020 | 8.95% | 6.47% | 2.3% | 9.63% | 1.61% | 4.6 pp |
| FY 2019 Q4 | Dec 31, 2019 | 7.62% | 6.89% | 24.39% | 13.17% | 2.21% | 3.2 pp |
| FY 2019 Q3 | Sep 30, 2019 | 8.56% | 6.79% | — | 16.15% | 2.87% | 4.2 pp |
| FY 2019 Q2 | Jun 30, 2019 | 8.48% | 6.88% | — | 3.19% | 0.78% | 4.1 pp |
| FY 2019 Q1 | Mar 31, 2019 | 10.17% | 7.26% | — | 0.91% | 0.75% | 5.8 pp |
| FY 2018 Q4 | Dec 31, 2018 | 6.53% | 6.8% | — | 18.27% | 3.28% | 2.1 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 0.45% | — | -25.06% | -3.1% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 0.93% | — | -10.79% | -1.06% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 0.56% | — | -10.6% | -1.37% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 0.46% | — | -33.92% | -4.04% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | -16.42% | — | -56.07% | -10.5% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | -16.67% | — | -56.83% | -10.63% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | -20.68% | — | -67.73% | -13.14% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | -20% | — | -66.2% | -12.96% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | 1.96% | — | -5.03% | -1.16% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 2.08% | — | -4.95% | -1.13% | — |
| FY 2016 Q1 | Mar 31, 2016 | 4.57% | 5.35% | — | 5.51% | 1.3% | 0.2 pp |
| FY 2015 Q4 | Dec 31, 2015 | 4.33% | 4.92% | — | 4.65% | 1.11% | -0.1 pp |
| FY 2015 Q3 | Sep 30, 2015 | 3.48% | 3.74% | -9.61% | 3.93% | 0.96% | -0.9 pp |
| FY 2015 Q2 | Jun 30, 2015 | 3.31% | 3.34% | 0.97% | 3.46% | 0.84% | -1.1 pp |
| FY 2015 Q1 | Mar 31, 2015 | 3.15% | 2.82% | 13.33% | 2.51% | 0.6% | -1.3 pp |
| FY 2014 Q4 | Dec 31, 2014 | — | 2.38% | — | 2.38% | 0.58% | — |
| FY 2014 Q3 | Sep 30, 2014 | 3.74% | 4.12% | — | 5.92% | 1.47% | -0.7 pp |
| FY 2014 Q2 | Jun 30, 2014 | 3.37% | 3.65% | — | 4.96% | 1.24% | -1 pp |
| FY 2014 Q1 | Mar 31, 2014 | 2.85% | 3.15% | -47.53% | 3.16% | 0.79% | -1.6 pp |
| FY 2013 Q4 | Dec 31, 2013 | 3.24% | 3.76% | -19.82% | 3.04% | 0.78% | -1.2 pp |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | — | — | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | — | — | — |
| FY 2013 Q1 | Mar 31, 2013 | 3.84% | 4.89% | -1.07% | 5.02% | 1.35% | -0.6 pp |
| FY 2012 Q4 | Dec 31, 2012 | 4.05% | 5.1% | 14.97% | 5.84% | 1.58% | -0.3 pp |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | — | — | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | — | — | — |
| FY 2012 Q1 | Mar 31, 2012 | 4.02% | 4.78% | 38.5% | 8.41% | 2.29% | -0.4 pp |
| FY 2011 Q4 | Dec 31, 2011 | 3.88% | 4.68% | -1% | 8.11% | 2.16% | -0.5 pp |
| FY 2011 Q3 | Sep 30, 2011 | 5.11% | 6.35% | 0.59% | 8.52% | 2.28% | 0.7 pp |
| FY 2011 Q2 | Jun 30, 2011 | 3.49% | 4.66% | -5.02% | 5.45% | 1.45% | -0.9 pp |
| FY 2011 Q1 | Mar 31, 2011 | 3.77% | 4.74% | -5.98% | 6.38% | 1.66% | -0.6 pp |
| FY 2010 Q4 | Dec 31, 2010 | 4.92% | 6.11% | — | 9.17% | 2.27% | 0.5 pp |
| FY 2010 Q3 | Sep 30, 2010 | 5.74% | 5.46% | — | 9.74% | 2.42% | 1.3 pp |
| FY 2010 Q2 | Jun 30, 2010 | 5.94% | 5.82% | — | 10.03% | 2.6% | 1.5 pp |
| FY 2010 Q1 | Mar 31, 2010 | 6.71% | — | — | 12.41% | 3.08% | 2.3 pp |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q1 | Mar 31, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 4.4%, rounded from the Utility · General benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · FE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.