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Side-by-side financial comparison of FirstEnergy (FE) and LESAKA TECHNOLOGIES INC (LSAK). Click either name above to swap in a different company.

FirstEnergy is the larger business by last-quarter revenue ($3.8B vs $3.0B, roughly 1.3× LESAKA TECHNOLOGIES INC). LESAKA TECHNOLOGIES INC runs the higher net margin — 0.0% vs -1.3%, a 1.3% gap on every dollar of revenue. On growth, FirstEnergy posted the faster year-over-year revenue change (19.6% vs 0.2%). Over the past eight quarters, LESAKA TECHNOLOGIES INC's revenue compounded faster (352.8% CAGR vs 7.5%).

FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.

Lesaka Technologies is a South-African financial technology company that is listed on the NASDAQ and Johannesburg Stock Exchange. Lesaka’s primary focus is on financial inclusion, offering financial services to previously underserved communities and merchants.

FE vs LSAK — Head-to-Head

Bigger by revenue
FE
FE
1.3× larger
FE
$3.8B
$3.0B
LSAK
Growing faster (revenue YoY)
FE
FE
+19.4% gap
FE
19.6%
0.2%
LSAK
Higher net margin
LSAK
LSAK
1.3% more per $
LSAK
0.0%
-1.3%
FE
Faster 2-yr revenue CAGR
LSAK
LSAK
Annualised
LSAK
352.8%
7.5%
FE

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
FE
FE
LSAK
LSAK
Revenue
$3.8B
$3.0B
Net Profit
$-49.0M
$437.0K
Gross Margin
Operating Margin
-0.6%
2.2%
Net Margin
-1.3%
0.0%
Revenue YoY
19.6%
0.2%
Net Profit YoY
-118.8%
EPS (diluted)
$-0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FE
FE
LSAK
LSAK
Q3 26
$3.0B
Q4 25
$3.8B
$178.7M
Q3 25
$4.1B
$171.4M
Q2 25
$3.4B
$168.5M
Q1 25
$3.8B
$161.4M
Q4 24
$3.2B
$176.2M
Q3 24
$3.7B
$153.6M
Q2 24
$3.3B
$146.0M
Net Profit
FE
FE
LSAK
LSAK
Q3 26
$437.0K
Q4 25
$-49.0M
$3.6M
Q3 25
$441.0M
$-4.3M
Q2 25
$268.0M
$-28.4M
Q1 25
$360.0M
$-22.1M
Q4 24
$261.0M
$-32.5M
Q3 24
$419.0M
$-4.5M
Q2 24
$45.0M
$-5.0M
Gross Margin
FE
FE
LSAK
LSAK
Q3 26
Q4 25
31.4%
Q3 25
30.9%
Q2 25
28.9%
Q1 25
27.5%
Q4 24
25.7%
Q3 24
22.6%
Q2 24
22.6%
Operating Margin
FE
FE
LSAK
LSAK
Q3 26
2.2%
Q4 25
-0.6%
1.2%
Q3 25
20.0%
0.2%
Q2 25
19.1%
-16.7%
Q1 25
20.0%
0.4%
Q4 24
19.3%
0.3%
Q3 24
19.5%
-0.0%
Q2 24
12.9%
0.2%
Net Margin
FE
FE
LSAK
LSAK
Q3 26
0.0%
Q4 25
-1.3%
2.0%
Q3 25
10.6%
-2.5%
Q2 25
7.9%
-16.9%
Q1 25
9.6%
-13.7%
Q4 24
8.2%
-18.4%
Q3 24
11.2%
-3.0%
Q2 24
1.4%
-3.4%
EPS (diluted)
FE
FE
LSAK
LSAK
Q3 26
Q4 25
$-0.08
$0.04
Q3 25
$0.76
$-0.05
Q2 25
$0.46
$-0.40
Q1 25
$0.62
$-0.27
Q4 24
$0.45
$-0.40
Q3 24
$0.73
$-0.07
Q2 24
$0.08
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FE
FE
LSAK
LSAK
Cash + ST InvestmentsLiquidity on hand
$57.0M
$1.5B
Total DebtLower is stronger
$25.5B
$3.2B
Stockholders' EquityBook value
$12.5B
Total Assets
$55.9B
$11.5B
Debt / EquityLower = less leverage
2.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FE
FE
LSAK
LSAK
Q3 26
$1.5B
Q4 25
$57.0M
$69.5M
Q3 25
$1.4B
$72.2M
Q2 25
$569.0M
$76.5M
Q1 25
$132.0M
$71.0M
Q4 24
$111.0M
$60.6M
Q3 24
$439.0M
$49.7M
Q2 24
$60.0M
$59.1M
Total Debt
FE
FE
LSAK
LSAK
Q3 26
$3.2B
Q4 25
$25.5B
$216.8M
Q3 25
$25.5B
$208.1M
Q2 25
$23.7B
$200.8M
Q1 25
$21.2B
$194.7M
Q4 24
$22.5B
$148.7M
Q3 24
$21.6B
$148.5M
Q2 24
$20.8B
$143.2M
Stockholders' Equity
FE
FE
LSAK
LSAK
Q3 26
Q4 25
$12.5B
$180.6M
Q3 25
$12.8B
$170.4M
Q2 25
$12.9B
$161.6M
Q1 25
$12.6B
$185.2M
Q4 24
$12.5B
$193.3M
Q3 24
$12.4B
$184.2M
Q2 24
$12.5B
$175.9M
Total Assets
FE
FE
LSAK
LSAK
Q3 26
$11.5B
Q4 25
$55.9B
$704.6M
Q3 25
$55.9B
$652.9M
Q2 25
$54.2B
$653.7M
Q1 25
$52.8B
$649.2M
Q4 24
$52.0B
$640.6M
Q3 24
$50.8B
$551.9M
Q2 24
$51.0B
$558.5M
Debt / Equity
FE
FE
LSAK
LSAK
Q3 26
Q4 25
2.04×
1.20×
Q3 25
1.99×
1.22×
Q2 25
1.85×
1.24×
Q1 25
1.69×
1.05×
Q4 24
1.81×
0.77×
Q3 24
1.74×
0.81×
Q2 24
1.67×
0.81×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FE
FE
LSAK
LSAK
Operating Cash FlowLast quarter
$1.1B
Free Cash FlowOCF − Capex
$-30.0M
FCF MarginFCF / Revenue
-0.8%
Capex IntensityCapex / Revenue
30.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FE
FE
LSAK
LSAK
Q3 26
Q4 25
$1.1B
$-10.9M
Q3 25
$845.0M
$8.9M
Q2 25
$1.1B
$-9.1M
Q1 25
$637.0M
$10.7M
Q4 24
$1.0B
$-9.2M
Q3 24
$775.0M
$-4.1M
Q2 24
$1.1B
$5.7M
Free Cash Flow
FE
FE
LSAK
LSAK
Q3 26
Q4 25
$-30.0M
$-14.8M
Q3 25
$-471.0M
$4.9M
Q2 25
$-136.0M
$-13.2M
Q1 25
$-368.0M
$7.8M
Q4 24
$-250.0M
$-15.5M
Q3 24
$-229.0M
$-8.1M
Q2 24
$170.0M
$937.0K
FCF Margin
FE
FE
LSAK
LSAK
Q3 26
Q4 25
-0.8%
-8.3%
Q3 25
-11.4%
2.9%
Q2 25
-4.0%
-7.8%
Q1 25
-9.8%
4.9%
Q4 24
-7.9%
-8.8%
Q3 24
-6.1%
-5.3%
Q2 24
5.2%
0.6%
Capex Intensity
FE
FE
LSAK
LSAK
Q3 26
Q4 25
30.7%
2.2%
Q3 25
31.7%
2.3%
Q2 25
36.0%
2.4%
Q1 25
26.7%
1.7%
Q4 24
40.7%
3.6%
Q3 24
26.9%
2.6%
Q2 24
28.7%
3.2%
Cash Conversion
FE
FE
LSAK
LSAK
Q3 26
Q4 25
-2.99×
Q3 25
1.92×
Q2 25
4.04×
Q1 25
1.77×
Q4 24
4.00×
Q3 24
1.85×
Q2 24
24.71×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FE
FE

Integrated Segment$1.4B37%
Other$1.4B36%
Stand Alone Transmission Segment$466.0M12%
Industrial Customers$167.0M4%
Mid Atlantic Interstate Transmission LLC$118.0M3%
Transmission$105.0M3%
Transmission Segment$68.0M2%
Tr AIL$63.0M2%
Internal Customers$10.0M0%
Wholesale Sales$6.0M0%

LSAK
LSAK

Segment breakdown not available.

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