Firstenergy annual debt-to-equity ratio
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2025
Firstenergy Debt-to-Equity Ratio Growth & History (FE)
Firstenergy's debt-to-equity ratio was 2.09 for fiscal 2025.
View full Firstenergy company overviewFirstenergy annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.09 | 0.22 | +11.66% |
| 2024 | 2024-12-31 | 1.87 | −0.42 | −18.30% |
| 2023 | 2023-12-31 | 2.29 | 0.16 | +7.72% |
| 2022 | 2022-12-31 | 2.12 | −0.48 | −18.30% |
| 2021 | 2021-12-31 | 2.60 | −0.80 | −23.61% |
| 2020 | 2020-12-31 | 3.40 | 0.41 | +13.66% |
| 2019 | 2019-12-31 | 3.00 | 0.21 | +7.41% |
| 2018 | 2018-12-31 | 2.79 | −2.05 | −42.36% |
| 2017 | 2017-12-31 | 4.84 | 1.49 | +44.68% |
| 2016 | 2016-12-31 | 3.34 | 1.67 | +99.60% |
| 2015 | 2015-12-31 | 1.68 | −0.01 | −0.81% |
| 2014 | 2014-12-31 | 1.69 | 0.17 | +11.43% |
| 2013 | 2013-12-31 | 1.52 | 0.20 | +15.63% |
| 2012 | 2012-12-31 | 1.31 | 0.13 | +10.75% |
| 2011 | 2011-12-31 | 1.18 | −0.29 | −19.93% |
| 2010 | 2010-12-31 | 1.48 | −0.05 | −3.35% |
| 2009 | 2009-12-31 | 1.53 | 0.14 | +10.18% |
| 2008 | 2008-12-31 | 1.39 | — | — |
Firstenergy quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.24 | 0.36 | +19.25% |
| Q1 2026 | 2026-03-31 | 2.18 | 0.37 | +20.07% |
| Q4 2025 | 2025-12-31 | 2.09 | 0.22 | +11.66% |
| Q3 2025 | 2025-09-30 | 2.02 | 0.27 | +15.57% |
| Q2 2025 | 2025-06-30 | 1.88 | 0.15 | +8.38% |
| Q1 2025 | 2025-03-31 | 1.82 | 0.05 | +2.95% |
| Q4 2024 | 2024-12-31 | 1.87 | −0.42 | −18.30% |
| Q3 2024 | 2024-09-30 | 1.74 | −0.47 | −21.08% |
| Q2 2024 | 2024-06-30 | 1.73 | −0.46 | −20.80% |
| Q1 2024 | 2024-03-31 | 1.77 | −0.44 | −20.11% |
| Q4 2023 | 2023-12-31 | 2.29 | 0.16 | +7.72% |
| Q3 2023 | 2023-09-30 | 2.21 | 0.27 | +13.92% |
| Q2 2023 | 2023-06-30 | 2.19 | 0.28 | +14.47% |
| Q1 2023 | 2023-03-31 | 2.21 | −0.31 | −12.41% |
| Q4 2022 | 2022-12-31 | 2.12 | −0.48 | −18.30% |
| Q3 2022 | 2022-09-30 | 1.94 | −1.07 | −35.51% |
| Q2 2022 | 2022-06-30 | 1.91 | −1.25 | −39.61% |
| Q1 2022 | 2022-03-31 | 2.52 | −0.69 | −21.44% |
| Q4 2021 | 2021-12-31 | 2.60 | −0.80 | −23.61% |
| Q3 2021 | 2021-09-30 | 3.01 | −0.12 | −3.89% |
| Q2 2021 | 2021-06-30 | 3.17 | 0.07 | +2.36% |
| Q1 2021 | 2021-03-31 | 3.21 | 0.05 | +1.52% |
| Q4 2020 | 2020-12-31 | 3.40 | 0.41 | +13.66% |
| Q3 2020 | 2020-09-30 | 3.13 | 0.29 | +10.15% |
| Q2 2020 | 2020-06-30 | 3.09 | 0.27 | +9.52% |
| Q1 2020 | 2020-03-31 | 3.17 | 0.23 | +7.93% |
| Q4 2019 | 2019-12-31 | 3.00 | 0.21 | +7.41% |
| Q3 2019 | 2019-09-30 | 2.84 | 0.18 | +6.70% |
| Q2 2019 | 2019-06-30 | 2.82 | 0.47 | +19.97% |
| Q1 2019 | 2019-03-31 | 2.93 | 0.50 | +20.58% |
| Q4 2018 | 2018-12-31 | 2.79 | −2.05 | −42.36% |
| Q3 2018 | 2018-09-30 | 2.66 | −0.71 | −20.96% |
| Q2 2018 | 2018-06-30 | 2.35 | −0.94 | −28.49% |
| Q1 2018 | 2018-03-31 | 2.43 | −0.91 | −27.20% |
| Q4 2017 | 2017-12-31 | 4.84 | 1.49 | +44.68% |
| Q3 2017 | 2017-09-30 | 3.37 | 1.50 | +80.25% |
| Q2 2017 | 2017-06-30 | 3.29 | 1.43 | +76.54% |
| Q1 2017 | 2017-03-31 | 3.34 | 1.66 | +98.27% |
| Q4 2016 | 2016-12-31 | 3.34 | 1.67 | +99.60% |
| Q3 2016 | 2016-09-30 | 1.87 | 0.20 | +12.28% |
| Q2 2016 | 2016-06-30 | 1.86 | 0.15 | +8.80% |
| Q1 2016 | 2016-03-31 | 1.69 | −0.07 | −4.06% |
| Q4 2015 | 2015-12-31 | 1.68 | −0.01 | −0.81% |
| Q3 2015 | 2015-09-30 | 1.67 | 0.08 | +4.96% |
| Q2 2015 | 2015-06-30 | 1.71 | 0.08 | +4.83% |
| Q1 2015 | 2015-03-31 | 1.76 | 0.18 | +11.29% |
| Q4 2014 | 2014-12-31 | 1.69 | 0.17 | +11.43% |
| Q3 2014 | 2014-09-30 | 1.59 | 0.10 | +6.45% |
| Q2 2014 | 2014-06-30 | 1.64 | 0.17 | +11.89% |
| Q1 2014 | 2014-03-31 | 1.58 | 0.20 | +14.18% |
| Q4 2013 | 2013-12-31 | 1.52 | 0.20 | +15.63% |
| Q3 2013 | 2013-09-30 | 1.49 | 0.21 | +16.19% |
| Q2 2013 | 2013-06-30 | 1.46 | 0.20 | +15.68% |
| Q1 2013 | 2013-03-31 | 1.38 | 0.14 | +10.93% |
| Q4 2012 | 2012-12-31 | 1.31 | 0.13 | +10.75% |
| Q3 2012 | 2012-09-30 | 1.28 | 0.07 | +5.76% |
| Q2 2012 | 2012-06-30 | 1.26 | −0.06 | −4.25% |
| Q1 2012 | 2012-03-31 | 1.25 | −0.17 | −11.98% |
| Q4 2011 | 2011-12-31 | 1.18 | −0.29 | −19.93% |
| Q3 2011 | 2011-09-30 | 1.21 | −0.29 | −19.32% |
| Q2 2011 | 2011-06-30 | 1.32 | −0.19 | −12.49% |
| Q1 2011 | 2011-03-31 | 1.42 | −0.07 | −4.98% |
| Q4 2010 | 2010-12-31 | 1.48 | −0.05 | −3.35% |
| Q3 2010 | 2010-09-30 | 1.50 | −0.06 | −4.02% |
| Q2 2010 | 2010-06-30 | 1.51 | 0.08 | +5.70% |
| Q1 2010 | 2010-03-31 | 1.49 | 0.02 | +1.64% |
| Q4 2009 | 2009-12-31 | 1.53 | 0.14 | +10.18% |
| Q3 2009 | 2009-09-30 | 1.57 | — | — |
| Q2 2009 | 2009-06-30 | 1.43 | — | — |
| Q1 2009 | 2009-03-31 | 1.47 | — | — |
| Q4 2008 | 2008-12-31 | 1.39 | — | — |
Firstenergy debt-to-equity ratio trends
Over the last five fiscal years, Firstenergy's debt-to-equity ratio decreased from 3.40 to 2.09, a change of −1.32. The latest reported quarter, Q2 2026, shows 2.24.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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