Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $10,790 | $11,132 | $12,459 | $12,870 | $13,472 |
| Gross Profit | $2,162 | $1,726 | $1,910 | $2,266 | $2,375 |
| Operating Income | $2,162 | $1,726 | $1,910 | $2,266 | $2,375 |
| Net Income | $1,079 | $1,283 | $406 | $1,102 | $978 |
Over the five-year period, FirstEnergy Corp. has demonstrated a steady growth in revenue, climbing from USD 10,790 million in 2020 to USD 13,472 million in 2024. This represents roughly a 25% increase overall, indicating a generally expanding market presence despite the operational challenges in the industry. Gross profit—and by extension operating income, which mirrors gross profit—experienced more volatility. In 2021, gross profit dropped nearly 20% from USD 2,162 million in 2020 to USD 1,726 million but rebounded in subsequent years, rising steadily to USD 2,375 million in 2024. This fluctuation could reflect variations in revenue mix, pricing pressures, or cost structure adjustments inherent in the utility sector, where regulatory and input cost factors can significantly sway margins. Net income, a critical gauge of profitability, showed a similar mixed trend with notable swings. After rising slightly from USD 1,079 million in 2020 to USD 1,283 million in 2021, net income sharply declined to USD 406 million in 2022—more than a 70% drop from the prior year—before recovering to USD 1,102 million in 2023 and then settling at USD 978 million in 2024. This dramatic decline in 2022 may have resulted from extraordinary expenses or transient industry challenges rather than a fundamental deterioration of the operating business. Overall, while revenue growth and a recovery in operating metrics suggest resilience and potential for long-term sustainability, the pronounced net income fluctuation in 2022 warrants careful monitoring to ensure that underlying profitability drivers stabilize in the future.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.