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Side-by-side financial comparison of FirstEnergy (FE) and Regeneron Pharmaceuticals (REGN). Click either name above to swap in a different company.

Regeneron Pharmaceuticals is the larger business by last-quarter revenue ($3.9B vs $3.8B, roughly 1.0× FirstEnergy). Regeneron Pharmaceuticals runs the higher net margin — 21.7% vs -1.3%, a 23.0% gap on every dollar of revenue. On growth, FirstEnergy posted the faster year-over-year revenue change (19.6% vs 2.5%). Regeneron Pharmaceuticals produced more free cash flow last quarter ($922.0M vs $-30.0M). Over the past eight quarters, Regeneron Pharmaceuticals's revenue compounded faster (11.1% 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.

Regeneron Pharmaceuticals, Inc. is an American biotechnology company headquartered in Westchester County, New York. The company was founded in 1988. Originally focused on neurotrophic factors and their regenerative capabilities, giving rise to its present name; the company has since expanded operations into the study of both cytokine and tyrosine kinase receptors, which gave rise to their first product, which is a VEGF-trap.

FE vs REGN — Head-to-Head

Bigger by revenue
REGN
REGN
1.0× larger
REGN
$3.9B
$3.8B
FE
Growing faster (revenue YoY)
FE
FE
+17.0% gap
FE
19.6%
2.5%
REGN
Higher net margin
REGN
REGN
23.0% more per $
REGN
21.7%
-1.3%
FE
More free cash flow
REGN
REGN
$952.0M more FCF
REGN
$922.0M
$-30.0M
FE
Faster 2-yr revenue CAGR
REGN
REGN
Annualised
REGN
11.1%
7.5%
FE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FE
FE
REGN
REGN
Revenue
$3.8B
$3.9B
Net Profit
$-49.0M
$844.6M
Gross Margin
Operating Margin
-0.6%
22.7%
Net Margin
-1.3%
21.7%
Revenue YoY
19.6%
2.5%
Net Profit YoY
-118.8%
-8.0%
EPS (diluted)
$-0.08
$7.78

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
REGN
REGN
Q4 25
$3.8B
$3.9B
Q3 25
$4.1B
$3.8B
Q2 25
$3.4B
$3.7B
Q1 25
$3.8B
$3.0B
Q4 24
$3.2B
$3.8B
Q3 24
$3.7B
$3.7B
Q2 24
$3.3B
$3.5B
Q1 24
$3.3B
$3.1B
Net Profit
FE
FE
REGN
REGN
Q4 25
$-49.0M
$844.6M
Q3 25
$441.0M
$1.5B
Q2 25
$268.0M
$1.4B
Q1 25
$360.0M
$808.7M
Q4 24
$261.0M
$917.7M
Q3 24
$419.0M
$1.3B
Q2 24
$45.0M
$1.4B
Q1 24
$253.0M
$722.0M
Operating Margin
FE
FE
REGN
REGN
Q4 25
-0.6%
22.7%
Q3 25
20.0%
27.3%
Q2 25
19.1%
29.4%
Q1 25
20.0%
19.5%
Q4 24
19.3%
26.1%
Q3 24
19.5%
31.7%
Q2 24
12.9%
30.2%
Q1 24
18.6%
23.9%
Net Margin
FE
FE
REGN
REGN
Q4 25
-1.3%
21.7%
Q3 25
10.6%
38.9%
Q2 25
7.9%
37.9%
Q1 25
9.6%
26.7%
Q4 24
8.2%
24.2%
Q3 24
11.2%
36.0%
Q2 24
1.4%
40.4%
Q1 24
7.7%
23.0%
EPS (diluted)
FE
FE
REGN
REGN
Q4 25
$-0.08
$7.78
Q3 25
$0.76
$13.62
Q2 25
$0.46
$12.81
Q1 25
$0.62
$7.27
Q4 24
$0.45
$8.12
Q3 24
$0.73
$11.54
Q2 24
$0.08
$12.41
Q1 24
$0.44
$6.27

Balance Sheet & Financial Strength

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

Metric
FE
FE
REGN
REGN
Cash + ST InvestmentsLiquidity on hand
$57.0M
$8.6B
Total DebtLower is stronger
$25.5B
Stockholders' EquityBook value
$12.5B
$31.3B
Total Assets
$55.9B
$40.6B
Debt / EquityLower = less leverage
2.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FE
FE
REGN
REGN
Q4 25
$57.0M
$8.6B
Q3 25
$1.4B
$8.4B
Q2 25
$569.0M
$7.5B
Q1 25
$132.0M
$8.3B
Q4 24
$111.0M
$9.0B
Q3 24
$439.0M
$9.8B
Q2 24
$60.0M
$9.8B
Q1 24
$888.0M
$10.5B
Total Debt
FE
FE
REGN
REGN
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 24
$21.7B
Stockholders' Equity
FE
FE
REGN
REGN
Q4 25
$12.5B
$31.3B
Q3 25
$12.8B
$31.0B
Q2 25
$12.9B
$29.9B
Q1 25
$12.6B
$29.4B
Q4 24
$12.5B
$29.4B
Q3 24
$12.4B
$29.3B
Q2 24
$12.5B
$28.2B
Q1 24
$12.4B
$27.0B
Total Assets
FE
FE
REGN
REGN
Q4 25
$55.9B
$40.6B
Q3 25
$55.9B
$40.2B
Q2 25
$54.2B
$38.2B
Q1 25
$52.8B
$37.5B
Q4 24
$52.0B
$37.8B
Q3 24
$50.8B
$37.4B
Q2 24
$51.0B
$36.1B
Q1 24
$51.3B
$34.4B
Debt / Equity
FE
FE
REGN
REGN
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×
Q1 24
1.75×

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
REGN
REGN
Operating Cash FlowLast quarter
$1.1B
$1.2B
Free Cash FlowOCF − Capex
$-30.0M
$922.0M
FCF MarginFCF / Revenue
-0.8%
23.7%
Capex IntensityCapex / Revenue
30.7%
6.4%
Cash ConversionOCF / Net Profit
1.39×
TTM Free Cash FlowTrailing 4 quarters
$-1.0B
$4.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FE
FE
REGN
REGN
Q4 25
$1.1B
$1.2B
Q3 25
$845.0M
$1.6B
Q2 25
$1.1B
$1.1B
Q1 25
$637.0M
$1.0B
Q4 24
$1.0B
$1.3B
Q3 24
$775.0M
$1.3B
Q2 24
$1.1B
$354.0M
Q1 24
$-40.0M
$1.5B
Free Cash Flow
FE
FE
REGN
REGN
Q4 25
$-30.0M
$922.0M
Q3 25
$-471.0M
$1.4B
Q2 25
$-136.0M
$925.4M
Q1 25
$-368.0M
$815.8M
Q4 24
$-250.0M
$1.1B
Q3 24
$-229.0M
$1.0B
Q2 24
$170.0M
$173.5M
Q1 24
$-830.0M
$1.4B
FCF Margin
FE
FE
REGN
REGN
Q4 25
-0.8%
23.7%
Q3 25
-11.4%
37.8%
Q2 25
-4.0%
25.2%
Q1 25
-9.8%
26.9%
Q4 24
-7.9%
28.1%
Q3 24
-6.1%
28.2%
Q2 24
5.2%
4.9%
Q1 24
-25.3%
43.8%
Capex Intensity
FE
FE
REGN
REGN
Q4 25
30.7%
6.4%
Q3 25
31.7%
5.4%
Q2 25
36.0%
6.0%
Q1 25
26.7%
7.6%
Q4 24
40.7%
5.3%
Q3 24
26.9%
6.5%
Q2 24
28.7%
5.1%
Q1 24
24.0%
4.3%
Cash Conversion
FE
FE
REGN
REGN
Q4 25
1.39×
Q3 25
1.92×
1.11×
Q2 25
4.04×
0.82×
Q1 25
1.77×
1.29×
Q4 24
4.00×
1.38×
Q3 24
1.85×
0.96×
Q2 24
24.71×
0.25×
Q1 24
-0.16×
2.09×

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%

REGN
REGN

Segment breakdown not available.

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