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Side-by-side financial comparison of FirstEnergy (FE) and PBF Energy Inc. (PBF). Click either name above to swap in a different company.
PBF Energy Inc. is the larger business by last-quarter revenue ($7.9B vs $3.8B, roughly 2.1× FirstEnergy). PBF Energy Inc. runs the higher net margin — 2.5% vs -1.3%, a 3.8% gap on every dollar of revenue. On growth, FirstEnergy posted the faster year-over-year revenue change (19.6% vs 11.9%). Over the past eight quarters, FirstEnergy's revenue compounded faster (7.5% CAGR vs -4.9%).
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
FE vs PBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $7.9B |
| Net Profit | $-49.0M | $200.2M |
| Gross Margin | — | 3.5% |
| Operating Margin | -0.6% | 3.8% |
| Net Margin | -1.3% | 2.5% |
| Revenue YoY | 19.6% | 11.9% |
| Net Profit YoY | -118.8% | 149.4% |
| EPS (diluted) | $-0.08 | $1.65 |
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.
| Q1 26 | — | $7.9B | ||
| Q4 25 | $3.8B | $7.1B | ||
| Q3 25 | $4.1B | $7.7B | ||
| Q2 25 | $3.4B | $7.5B | ||
| Q1 25 | $3.8B | $7.1B | ||
| Q4 24 | $3.2B | $7.4B | ||
| Q3 24 | $3.7B | $8.4B | ||
| Q2 24 | $3.3B | $8.7B |
| Q1 26 | — | $200.2M | ||
| Q4 25 | $-49.0M | $78.4M | ||
| Q3 25 | $441.0M | $170.1M | ||
| Q2 25 | $268.0M | $-5.2M | ||
| Q1 25 | $360.0M | $-401.8M | ||
| Q4 24 | $261.0M | $-289.3M | ||
| Q3 24 | $419.0M | $-285.9M | ||
| Q2 24 | $45.0M | $-65.2M |
| Q1 26 | — | 3.5% | ||
| Q4 25 | — | -1.8% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | -4.2% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | 3.8% | ||
| Q4 25 | -0.6% | 1.8% | ||
| Q3 25 | 20.0% | 3.7% | ||
| Q2 25 | 19.1% | 0.6% | ||
| Q1 25 | 20.0% | -7.2% | ||
| Q4 24 | 19.3% | -5.2% | ||
| Q3 24 | 19.5% | -4.6% | ||
| Q2 24 | 12.9% | -0.9% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | -1.3% | 1.1% | ||
| Q3 25 | 10.6% | 2.2% | ||
| Q2 25 | 7.9% | -0.1% | ||
| Q1 25 | 9.6% | -5.7% | ||
| Q4 24 | 8.2% | -3.9% | ||
| Q3 24 | 11.2% | -3.4% | ||
| Q2 24 | 1.4% | -0.7% |
| Q1 26 | — | $1.65 | ||
| Q4 25 | $-0.08 | $0.74 | ||
| Q3 25 | $0.76 | $1.45 | ||
| Q2 25 | $0.46 | $-0.05 | ||
| Q1 25 | $0.62 | $-3.53 | ||
| Q4 24 | $0.45 | $-2.41 | ||
| Q3 24 | $0.73 | $-2.49 | ||
| Q2 24 | $0.08 | $-0.56 |
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 | $541.8M |
| Total DebtLower is stronger | $25.5B | — |
| Stockholders' EquityBook value | $12.5B | $5.7B |
| Total Assets | $55.9B | $14.7B |
| Debt / EquityLower = less leverage | 2.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $541.8M | ||
| Q4 25 | $57.0M | $527.9M | ||
| Q3 25 | $1.4B | $482.0M | ||
| Q2 25 | $569.0M | $590.7M | ||
| Q1 25 | $132.0M | $468.6M | ||
| Q4 24 | $111.0M | $536.1M | ||
| Q3 24 | $439.0M | $976.7M | ||
| Q2 24 | $60.0M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $25.5B | — | ||
| Q3 25 | $25.5B | — | ||
| Q2 25 | $23.7B | — | ||
| Q1 25 | $21.2B | — | ||
| Q4 24 | $22.5B | — | ||
| Q3 24 | $21.6B | — | ||
| Q2 24 | $20.8B | — |
| Q1 26 | — | $5.7B | ||
| Q4 25 | $12.5B | $5.3B | ||
| Q3 25 | $12.8B | $5.2B | ||
| Q2 25 | $12.9B | $5.1B | ||
| Q1 25 | $12.6B | $5.1B | ||
| Q4 24 | $12.5B | $5.5B | ||
| Q3 24 | $12.4B | $5.9B | ||
| Q2 24 | $12.5B | $6.3B |
| Q1 26 | — | $14.7B | ||
| Q4 25 | $55.9B | $13.0B | ||
| Q3 25 | $55.9B | $13.0B | ||
| Q2 25 | $54.2B | $13.0B | ||
| Q1 25 | $52.8B | $13.0B | ||
| Q4 24 | $52.0B | $12.7B | ||
| Q3 24 | $50.8B | $13.1B | ||
| Q2 24 | $51.0B | $14.1B |
| Q1 26 | — | — | ||
| Q4 25 | 2.04× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.69× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 1.67× | — |
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 | — |
| Free Cash FlowOCF − Capex | $-30.0M | — |
| FCF MarginFCF / Revenue | -0.8% | — |
| Capex IntensityCapex / Revenue | 30.7% | 4.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.0B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $366.6M | ||
| Q3 25 | $845.0M | $25.7M | ||
| Q2 25 | $1.1B | $191.1M | ||
| Q1 25 | $637.0M | $-661.4M | ||
| Q4 24 | $1.0B | $-329.7M | ||
| Q3 24 | $775.0M | $-68.0M | ||
| Q2 24 | $1.1B | $425.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-30.0M | $77.0M | ||
| Q3 25 | $-471.0M | $-122.8M | ||
| Q2 25 | $-136.0M | $35.0M | ||
| Q1 25 | $-368.0M | $-772.4M | ||
| Q4 24 | $-250.0M | $-425.7M | ||
| Q3 24 | $-229.0M | $-169.8M | ||
| Q2 24 | $170.0M | $371.8M |
| Q1 26 | — | — | ||
| Q4 25 | -0.8% | 1.1% | ||
| Q3 25 | -11.4% | -1.6% | ||
| Q2 25 | -4.0% | 0.5% | ||
| Q1 25 | -9.8% | -10.9% | ||
| Q4 24 | -7.9% | -5.8% | ||
| Q3 24 | -6.1% | -2.0% | ||
| Q2 24 | 5.2% | 4.3% |
| Q1 26 | — | 4.0% | ||
| Q4 25 | 30.7% | 4.1% | ||
| Q3 25 | 31.7% | 1.9% | ||
| Q2 25 | 36.0% | 2.1% | ||
| Q1 25 | 26.7% | 1.6% | ||
| Q4 24 | 40.7% | 1.3% | ||
| Q3 24 | 26.9% | 1.2% | ||
| Q2 24 | 28.7% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.68× | ||
| Q3 25 | 1.92× | 0.15× | ||
| 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
| 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% |
PBF
Segment breakdown not available.
