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Side-by-side financial comparison of FirstEnergy (FE) and MARKEL GROUP INC. (MKL). Click either name above to swap in a different company.
FirstEnergy is the larger business by last-quarter revenue ($3.8B vs $3.6B, roughly 1.1× MARKEL GROUP INC.). MARKEL GROUP INC. runs the higher net margin — 16.1% vs -1.3%, a 17.4% gap on every dollar of revenue. On growth, FirstEnergy posted the faster year-over-year revenue change (19.6% vs -6.9%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $-30.0M). Over the past eight quarters, FirstEnergy's revenue compounded faster (7.5% CAGR vs -10.5%).
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.
MARKEL GROUP INC.MKLEarnings & Financial Report
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
FE vs MKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $3.6B |
| Net Profit | $-49.0M | $576.8M |
| Gross Margin | — | — |
| Operating Margin | -0.6% | 22.2% |
| Net Margin | -1.3% | 16.1% |
| Revenue YoY | 19.6% | -6.9% |
| Net Profit YoY | -118.8% | 5.0% |
| EPS (diluted) | $-0.08 | $48.22 |
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.
| Q4 25 | $3.8B | $3.6B | ||
| Q3 25 | $4.1B | $3.9B | ||
| Q2 25 | $3.4B | $4.6B | ||
| Q1 25 | $3.8B | $3.4B | ||
| Q4 24 | $3.2B | $3.8B | ||
| Q3 24 | $3.7B | $4.6B | ||
| Q2 24 | $3.3B | $3.7B | ||
| Q1 24 | $3.3B | $4.5B |
| Q4 25 | $-49.0M | $576.8M | ||
| Q3 25 | $441.0M | $751.3M | ||
| Q2 25 | $268.0M | $657.1M | ||
| Q1 25 | $360.0M | $121.7M | ||
| Q4 24 | $261.0M | $549.2M | ||
| Q3 24 | $419.0M | $905.0M | ||
| Q2 24 | $45.0M | $267.7M | ||
| Q1 24 | $253.0M | $1.0B |
| Q4 25 | -0.6% | 22.2% | ||
| Q3 25 | 20.0% | 25.7% | ||
| Q2 25 | 19.1% | 24.1% | ||
| Q1 25 | 20.0% | 8.3% | ||
| Q4 24 | 19.3% | 15.5% | ||
| Q3 24 | 19.5% | 29.7% | ||
| Q2 24 | 12.9% | 11.1% | ||
| Q1 24 | 18.6% | 29.9% |
| Q4 25 | -1.3% | 16.1% | ||
| Q3 25 | 10.6% | 19.1% | ||
| Q2 25 | 7.9% | 14.3% | ||
| Q1 25 | 9.6% | 3.6% | ||
| Q4 24 | 8.2% | 14.3% | ||
| Q3 24 | 11.2% | 19.6% | ||
| Q2 24 | 1.4% | 7.2% | ||
| Q1 24 | 7.7% | 23.0% |
| Q4 25 | $-0.08 | $48.22 | ||
| Q3 25 | $0.76 | $59.25 | ||
| Q2 25 | $0.46 | $49.67 | ||
| Q1 25 | $0.62 | $12.08 | ||
| Q4 24 | $0.45 | $39.02 | ||
| Q3 24 | $0.73 | $66.25 | ||
| Q2 24 | $0.08 | $18.62 | ||
| Q1 24 | $0.44 | $75.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $57.0M | $4.0B |
| Total DebtLower is stronger | $25.5B | $4.3B |
| Stockholders' EquityBook value | $12.5B | $18.6B |
| Total Assets | $55.9B | $68.9B |
| Debt / EquityLower = less leverage | 2.04× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.0M | $4.0B | ||
| Q3 25 | $1.4B | $4.0B | ||
| Q2 25 | $569.0M | $3.7B | ||
| Q1 25 | $132.0M | $4.2B | ||
| Q4 24 | $111.0M | $3.7B | ||
| Q3 24 | $439.0M | $3.9B | ||
| Q2 24 | $60.0M | $3.5B | ||
| Q1 24 | $888.0M | $3.6B |
| Q4 25 | $25.5B | $4.3B | ||
| Q3 25 | $25.5B | $4.3B | ||
| Q2 25 | $23.7B | $4.4B | ||
| Q1 25 | $21.2B | $4.4B | ||
| Q4 24 | $22.5B | $4.3B | ||
| Q3 24 | $21.6B | $4.4B | ||
| Q2 24 | $20.8B | $4.4B | ||
| Q1 24 | $21.7B | $3.9B |
| Q4 25 | $12.5B | $18.6B | ||
| Q3 25 | $12.8B | $18.0B | ||
| Q2 25 | $12.9B | $17.3B | ||
| Q1 25 | $12.6B | $17.1B | ||
| Q4 24 | $12.5B | $16.9B | ||
| Q3 24 | $12.4B | $17.0B | ||
| Q2 24 | $12.5B | $15.9B | ||
| Q1 24 | $12.4B | $15.7B |
| Q4 25 | $55.9B | $68.9B | ||
| Q3 25 | $55.9B | $67.4B | ||
| Q2 25 | $54.2B | $66.8B | ||
| Q1 25 | $52.8B | $64.6B | ||
| Q4 24 | $52.0B | $61.9B | ||
| Q3 24 | $50.8B | $62.3B | ||
| Q2 24 | $51.0B | $59.7B | ||
| Q1 24 | $51.3B | $57.3B |
| Q4 25 | 2.04× | 0.23× | ||
| Q3 25 | 1.99× | 0.24× | ||
| Q2 25 | 1.85× | 0.25× | ||
| Q1 25 | 1.69× | 0.26× | ||
| Q4 24 | 1.81× | 0.26× | ||
| Q3 24 | 1.74× | 0.26× | ||
| Q2 24 | 1.67× | 0.28× | ||
| Q1 24 | 1.75× | 0.25× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $662.2M |
| Free Cash FlowOCF − Capex | $-30.0M | $599.1M |
| FCF MarginFCF / Revenue | -0.8% | 16.7% |
| Capex IntensityCapex / Revenue | 30.7% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.0B | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $662.2M | ||
| Q3 25 | $845.0M | $1.2B | ||
| Q2 25 | $1.1B | $504.4M | ||
| Q1 25 | $637.0M | $376.2M | ||
| Q4 24 | $1.0B | $493.9M | ||
| Q3 24 | $775.0M | $890.8M | ||
| Q2 24 | $1.1B | $578.6M | ||
| Q1 24 | $-40.0M | $630.7M |
| Q4 25 | $-30.0M | $599.1M | ||
| Q3 25 | $-471.0M | $1.2B | ||
| Q2 25 | $-136.0M | $453.8M | ||
| Q1 25 | $-368.0M | $335.5M | ||
| Q4 24 | $-250.0M | $420.0M | ||
| Q3 24 | $-229.0M | $838.9M | ||
| Q2 24 | $170.0M | $521.4M | ||
| Q1 24 | $-830.0M | $558.7M |
| Q4 25 | -0.8% | 16.7% | ||
| Q3 25 | -11.4% | 29.6% | ||
| Q2 25 | -4.0% | 9.9% | ||
| Q1 25 | -9.8% | 9.9% | ||
| Q4 24 | -7.9% | 10.9% | ||
| Q3 24 | -6.1% | 18.2% | ||
| Q2 24 | 5.2% | 14.1% | ||
| Q1 24 | -25.3% | 12.5% |
| Q4 25 | 30.7% | 1.8% | ||
| Q3 25 | 31.7% | 1.3% | ||
| Q2 25 | 36.0% | 1.1% | ||
| Q1 25 | 26.7% | 1.2% | ||
| Q4 24 | 40.7% | 1.9% | ||
| Q3 24 | 26.9% | 1.1% | ||
| Q2 24 | 28.7% | 1.5% | ||
| Q1 24 | 24.0% | 1.6% |
| Q4 25 | — | 1.15× | ||
| Q3 25 | 1.92× | 1.62× | ||
| Q2 25 | 4.04× | 0.77× | ||
| Q1 25 | 1.77× | 3.09× | ||
| Q4 24 | 4.00× | 0.90× | ||
| Q3 24 | 1.85× | 0.98× | ||
| Q2 24 | 24.71× | 2.16× | ||
| Q1 24 | -0.16× | 0.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 0% |
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
