Distribution Services & Retail Generation was Firstenergy’s largest product and service line in fiscal 2025, bringing in $12.19B of $15.11B (81%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Distribution Services & Retail Generation | $9.92B | $10.41B | $10.98B | $12.19B | ||||||
| Distribution Services | — | — | — | — | ||||||
| Electric Distribution & Electric Generation | — | — | — | — | ||||||
| Retail Generation | — | — | — | — | ||||||
| Transmission | $1.86B | $2.05B | $2.15B | $2.31B | ||||||
| Electric Transmission | — | — | — | — | ||||||
| Other | $680.00M | $416.00M | $348.00M | $590.00M | ||||||
| Other Revenue Unrelated To Contracts With Customers | $72.00M | $75.00M | $80.00M | $82.00M | ||||||
| Other Revenue Unrelated To Contacts With Customers | — | — | — | — | ||||||
| Other Revenue | — | — | — | — | ||||||
| Product & Service, Other | — | — | — | — | ||||||
| Arp | — | — | $10.00M | — | ||||||
| Alternative Revenue Program | — | — | — | — | ||||||
| Derivative Revenue | — | — | — | — | ||||||
| Eliminations & Reconciling Adjustments | -$60.00M | -$63.00M | -$63.00M | -$63.00M | ||||||
| Total | $12.47B | $12.88B | $13.50B | $15.11B |
Firstenergy brought in $15.11B from its five product and service lines in fiscal 2025, the year ended December 31, 2025. Firstenergy regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $13.50B. Distribution Services & Retail Generation was the largest at $12.19B (80.7%), ahead of Transmission at $2.31B (15.3%) and Other at $590.00M (3.9%). The remaining line, Other Revenue Unrelated To Contracts With Customers, brought in $82.00M.
Compared with fiscal 2024, Other grew fastest, up 69.5% to $590.00M. Every line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these lines grew from $12.47B to $15.11B, a compound annual growth rate of 6.6%. Distribution Services & Retail Generation's share of the total rose from 79.5% to 80.7%.
Firstenergy stopped reporting Arp as a separate line after fiscal 2024, when it brought in $10.00M. The total is net of Eliminations & Reconciling Adjustments, which took $63.00M off revenue in fiscal 2025.
Consolidated was Firstenergy’s largest revenue line in fiscal 2016, bringing in $4.40B of $10.64B (41%).
| Legal Entity | FY 2013 | FY 2016 |
|---|---|---|
| Consolidated | — | $4.40B |
| Fes | $6.07B | $4.24B |
| Fgco | $2.40B | — |
| Nuclear Generation Corp | — | $2.00B |
| Total | $8.47B | $10.64B |
Firstenergy brought in $10.64B from its three revenue lines in fiscal 2016, the year ended December 31, 2016. Firstenergy regrouped these revenue lines after fiscal 2013, so the total does not compare directly with that year's $8.47B. Consolidated was the largest at $4.40B (41.3%), ahead of Fes at $4.24B (39.9%) and Nuclear Generation Corp at $2.00B (18.8%).
Firstenergy began breaking out Consolidated in fiscal 2016 and Nuclear Generation Corp in fiscal 2016. Firstenergy stopped reporting Fgco as a separate revenue line after fiscal 2013, when it brought in $2.40B.
Operating Segments was Firstenergy’s largest revenue line in fiscal 2020, bringing in $10.78B of $10.58B (102%).
| Consolidated Entities | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|---|---|
| Operating Segments | $10.91B | $11.24B | $9.70B | $10.78B | |
| Corporate, Non-Segment | — | — | — | $9.00M | |
| Corporate/ Other | $43.00M | $34.00M | $14.00M | — | |
| Reconciling Adjustments | -$199.00M | -$229.00M | -$203.00M | — | |
| Segment Reconciling Items | — | — | — | -$212.00M | |
| Total | $10.75B | $11.04B | $9.51B | $10.58B |
Firstenergy brought in $10.58B from its three revenue lines in fiscal 2020, the year ended December 31, 2020. Firstenergy regrouped these revenue lines after fiscal 2019, so the total does not compare directly with that year's $9.51B. Operating Segments was the largest at $10.78B (101.9%), ahead of Corporate, Non-Segment at $9.00M (0.1%).
Firstenergy began breaking out Corporate, Non-Segment in fiscal 2020 and Segment Reconciling Items in fiscal 2020. Firstenergy stopped reporting Corporate/ Other as a separate revenue line after fiscal 2019, when it brought in $14.00M. The total is net of Segment Reconciling Items, which took $212.00M off revenue in fiscal 2020.
Firstenergy (FE) reports its revenue by product and service, by legal entity and by consolidated entities. In fiscal 2025, Distribution Services & Retail Generation was its largest product and service line, bringing in $12.19B (80.7% of the total), followed by Transmission at $2.31B (15.3%).
Distribution Services & Retail Generation was Firstenergy's largest product and service line in fiscal 2025, bringing in $12.19B, or 80.7% of the $15.11B total across its five product and service lines.
Consolidated was Firstenergy's largest revenue line in fiscal 2016, bringing in $4.40B, or 41.3% of the $10.64B total across its three revenue lines.
Every figure comes from Firstenergy's annual financial filings, as reported. Each line keeps the name Firstenergy gives it, and years follow its fiscal calendar.
Firstenergy's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.