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Side-by-side financial comparison of FirstEnergy (FE) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
FirstEnergy is the larger business by last-quarter revenue ($3.8B vs $2.2B, roughly 1.7× RENAISSANCERE HOLDINGS LTD). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs -1.3%, a 24.8% gap on every dollar of revenue. On growth, FirstEnergy posted the faster year-over-year revenue change (19.6% vs -36.8%). Over the past eight quarters, FirstEnergy's revenue compounded faster (7.5% CAGR vs -11.9%).
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
FE vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $2.2B |
| Net Profit | $-49.0M | $515.8M |
| Gross Margin | — | — |
| Operating Margin | -0.6% | — |
| Net Margin | -1.3% | 23.5% |
| Revenue YoY | 19.6% | -36.8% |
| Net Profit YoY | -118.8% | 72.6% |
| EPS (diluted) | $-0.08 | $6.57 |
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 | — | $2.2B | ||
| Q4 25 | $3.8B | $3.0B | ||
| Q3 25 | $4.1B | $3.2B | ||
| Q2 25 | $3.4B | $3.2B | ||
| Q1 25 | $3.8B | $3.5B | ||
| Q4 24 | $3.2B | $2.3B | ||
| Q3 24 | $3.7B | $4.0B | ||
| Q2 24 | $3.3B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $-49.0M | $760.5M | ||
| Q3 25 | $441.0M | $916.5M | ||
| Q2 25 | $268.0M | $835.4M | ||
| Q1 25 | $360.0M | $170.0M | ||
| Q4 24 | $261.0M | $-189.7M | ||
| Q3 24 | $419.0M | $1.2B | ||
| Q2 24 | $45.0M | $503.9M |
| Q1 26 | — | — | ||
| Q4 25 | -0.6% | 42.5% | ||
| Q3 25 | 20.0% | 46.3% | ||
| Q2 25 | 19.1% | 41.8% | ||
| Q1 25 | 20.0% | -2.0% | ||
| Q4 24 | 19.3% | -3.6% | ||
| Q3 24 | 19.5% | 43.7% | ||
| Q2 24 | 12.9% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | -1.3% | 25.6% | ||
| Q3 25 | 10.6% | 28.7% | ||
| Q2 25 | 7.9% | 26.1% | ||
| Q1 25 | 9.6% | 4.9% | ||
| Q4 24 | 8.2% | -8.3% | ||
| Q3 24 | 11.2% | 29.8% | ||
| Q2 24 | 1.4% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $-0.08 | $16.16 | ||
| Q3 25 | $0.76 | $19.40 | ||
| Q2 25 | $0.46 | $17.20 | ||
| Q1 25 | $0.62 | $3.27 | ||
| Q4 24 | $0.45 | $-3.76 | ||
| Q3 24 | $0.73 | $22.62 | ||
| Q2 24 | $0.08 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | $25.5B | — |
| Stockholders' EquityBook value | $12.5B | $4.3B |
| Total Assets | $55.9B | $53.7B |
| Debt / EquityLower = less leverage | 2.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $57.0M | $1.7B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $569.0M | $1.4B | ||
| Q1 25 | $132.0M | $1.6B | ||
| Q4 24 | $111.0M | $1.7B | ||
| Q3 24 | $439.0M | $1.6B | ||
| Q2 24 | $60.0M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $25.5B | $2.3B | ||
| Q3 25 | $25.5B | $2.2B | ||
| Q2 25 | $23.7B | $2.3B | ||
| Q1 25 | $21.2B | $2.8B | ||
| Q4 24 | $22.5B | $1.9B | ||
| Q3 24 | $21.6B | $1.9B | ||
| Q2 24 | $20.8B | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $12.5B | $11.6B | ||
| Q3 25 | $12.8B | $11.5B | ||
| Q2 25 | $12.9B | $10.8B | ||
| Q1 25 | $12.6B | $10.3B | ||
| Q4 24 | $12.5B | $10.6B | ||
| Q3 24 | $12.4B | $11.2B | ||
| Q2 24 | $12.5B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $55.9B | $53.8B | ||
| Q3 25 | $55.9B | $54.5B | ||
| Q2 25 | $54.2B | $54.7B | ||
| Q1 25 | $52.8B | $53.6B | ||
| Q4 24 | $52.0B | $50.7B | ||
| Q3 24 | $50.8B | $52.8B | ||
| Q2 24 | $51.0B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | 2.04× | 0.20× | ||
| Q3 25 | 1.99× | 0.19× | ||
| Q2 25 | 1.85× | 0.21× | ||
| Q1 25 | 1.69× | 0.27× | ||
| Q4 24 | 1.81× | 0.18× | ||
| Q3 24 | 1.74× | 0.17× | ||
| Q2 24 | 1.67× | 0.19× |
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% | — |
| 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 | $483.0M | ||
| Q3 25 | $845.0M | $1.6B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $637.0M | $157.8M | ||
| Q4 24 | $1.0B | $778.9M | ||
| Q3 24 | $775.0M | $1.5B | ||
| Q2 24 | $1.1B | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $-30.0M | — | ||
| Q3 25 | $-471.0M | — | ||
| Q2 25 | $-136.0M | — | ||
| Q1 25 | $-368.0M | — | ||
| Q4 24 | $-250.0M | — | ||
| Q3 24 | $-229.0M | — | ||
| Q2 24 | $170.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.8% | — | ||
| Q3 25 | -11.4% | — | ||
| Q2 25 | -4.0% | — | ||
| Q1 25 | -9.8% | — | ||
| Q4 24 | -7.9% | — | ||
| Q3 24 | -6.1% | — | ||
| Q2 24 | 5.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 30.7% | — | ||
| Q3 25 | 31.7% | — | ||
| Q2 25 | 36.0% | — | ||
| Q1 25 | 26.7% | — | ||
| Q4 24 | 40.7% | — | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 28.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | 1.92× | 1.73× | ||
| Q2 25 | 4.04× | 1.76× | ||
| Q1 25 | 1.77× | 0.93× | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 1.85× | 1.26× | ||
| Q2 24 | 24.71× | 2.41× |
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% |
RNR
Segment breakdown not available.
