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Side-by-side financial comparison of FirstEnergy (FE) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

FirstEnergy is the larger business by last-quarter revenue ($3.8B vs $3.1B, roughly 1.2× Molson Coors Beverage Company). Molson Coors Beverage Company runs the higher net margin — 7.6% vs -1.3%, a 8.9% gap on every dollar of revenue. On growth, FirstEnergy posted the faster year-over-year revenue change (19.6% vs -3.6%). Molson Coors Beverage Company produced more free cash flow last quarter ($357.8M vs $-30.0M). Over the past eight quarters, FirstEnergy's revenue compounded faster (7.5% CAGR vs 1.2%).

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

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

FE vs TAP — Head-to-Head

Bigger by revenue
FE
FE
1.2× larger
FE
$3.8B
$3.1B
TAP
Growing faster (revenue YoY)
FE
FE
+23.2% gap
FE
19.6%
-3.6%
TAP
Higher net margin
TAP
TAP
8.9% more per $
TAP
7.6%
-1.3%
FE
More free cash flow
TAP
TAP
$387.8M more FCF
TAP
$357.8M
$-30.0M
FE
Faster 2-yr revenue CAGR
FE
FE
Annualised
FE
7.5%
1.2%
TAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FE
FE
TAP
TAP
Revenue
$3.8B
$3.1B
Net Profit
$-49.0M
$238.3M
Gross Margin
31.0%
Operating Margin
-0.6%
10.4%
Net Margin
-1.3%
7.6%
Revenue YoY
19.6%
-3.6%
Net Profit YoY
-118.8%
-17.2%
EPS (diluted)
$-0.08
$1.32

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
TAP
TAP
Q4 25
$3.8B
$3.1B
Q3 25
$4.1B
$3.5B
Q2 25
$3.4B
$3.7B
Q1 25
$3.8B
$2.7B
Q4 24
$3.2B
$3.2B
Q3 24
$3.7B
$3.6B
Q2 24
$3.3B
$3.8B
Q1 24
$3.3B
$3.0B
Net Profit
FE
FE
TAP
TAP
Q4 25
$-49.0M
$238.3M
Q3 25
$441.0M
$-2.9B
Q2 25
$268.0M
$428.7M
Q1 25
$360.0M
$121.0M
Q4 24
$261.0M
$287.8M
Q3 24
$419.0M
$199.8M
Q2 24
$45.0M
$427.0M
Q1 24
$253.0M
$207.8M
Gross Margin
FE
FE
TAP
TAP
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Q1 24
31.6%
Operating Margin
FE
FE
TAP
TAP
Q4 25
-0.6%
10.4%
Q3 25
20.0%
-98.5%
Q2 25
19.1%
15.6%
Q1 25
20.0%
6.9%
Q4 24
19.3%
12.0%
Q3 24
19.5%
12.5%
Q2 24
12.9%
15.6%
Q1 24
18.6%
10.3%
Net Margin
FE
FE
TAP
TAP
Q4 25
-1.3%
7.6%
Q3 25
10.6%
-84.0%
Q2 25
7.9%
11.5%
Q1 25
9.6%
4.5%
Q4 24
8.2%
8.9%
Q3 24
11.2%
5.5%
Q2 24
1.4%
11.1%
Q1 24
7.7%
6.8%
EPS (diluted)
FE
FE
TAP
TAP
Q4 25
$-0.08
$1.32
Q3 25
$0.76
$-14.79
Q2 25
$0.46
$2.13
Q1 25
$0.62
$0.59
Q4 24
$0.45
$1.39
Q3 24
$0.73
$0.96
Q2 24
$0.08
$2.03
Q1 24
$0.44
$0.97

Balance Sheet & Financial Strength

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

Metric
FE
FE
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$57.0M
$896.5M
Total DebtLower is stronger
$25.5B
$6.3B
Stockholders' EquityBook value
$12.5B
$10.2B
Total Assets
$55.9B
$22.7B
Debt / EquityLower = less leverage
2.04×
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FE
FE
TAP
TAP
Q4 25
$57.0M
$896.5M
Q3 25
$1.4B
$950.2M
Q2 25
$569.0M
$613.8M
Q1 25
$132.0M
$412.7M
Q4 24
$111.0M
$969.3M
Q3 24
$439.0M
$1.0B
Q2 24
$60.0M
$1.6B
Q1 24
$888.0M
$458.4M
Total Debt
FE
FE
TAP
TAP
Q4 25
$25.5B
$6.3B
Q3 25
$25.5B
$6.3B
Q2 25
$23.7B
$6.3B
Q1 25
$21.2B
$6.2B
Q4 24
$22.5B
$6.1B
Q3 24
$21.6B
$6.2B
Q2 24
$20.8B
$7.0B
Q1 24
$21.7B
$6.2B
Stockholders' Equity
FE
FE
TAP
TAP
Q4 25
$12.5B
$10.2B
Q3 25
$12.8B
$10.3B
Q2 25
$12.9B
$13.4B
Q1 25
$12.6B
$13.1B
Q4 24
$12.5B
$13.1B
Q3 24
$12.4B
$13.3B
Q2 24
$12.5B
$13.2B
Q1 24
$12.4B
$13.1B
Total Assets
FE
FE
TAP
TAP
Q4 25
$55.9B
$22.7B
Q3 25
$55.9B
$22.9B
Q2 25
$54.2B
$26.8B
Q1 25
$52.8B
$25.9B
Q4 24
$52.0B
$26.1B
Q3 24
$50.8B
$26.6B
Q2 24
$51.0B
$27.4B
Q1 24
$51.3B
$26.1B
Debt / Equity
FE
FE
TAP
TAP
Q4 25
2.04×
0.61×
Q3 25
1.99×
0.61×
Q2 25
1.85×
0.47×
Q1 25
1.69×
0.47×
Q4 24
1.81×
0.47×
Q3 24
1.74×
0.47×
Q2 24
1.67×
0.53×
Q1 24
1.75×
0.47×

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
TAP
TAP
Operating Cash FlowLast quarter
$1.1B
$540.7M
Free Cash FlowOCF − Capex
$-30.0M
$357.8M
FCF MarginFCF / Revenue
-0.8%
11.4%
Capex IntensityCapex / Revenue
30.7%
5.9%
Cash ConversionOCF / Net Profit
2.27×
TTM Free Cash FlowTrailing 4 quarters
$-1.0B
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FE
FE
TAP
TAP
Q4 25
$1.1B
$540.7M
Q3 25
$845.0M
$616.1M
Q2 25
$1.1B
$718.3M
Q1 25
$637.0M
$-90.7M
Q4 24
$1.0B
$494.5M
Q3 24
$775.0M
$521.2M
Q2 24
$1.1B
$869.2M
Q1 24
$-40.0M
$25.4M
Free Cash Flow
FE
FE
TAP
TAP
Q4 25
$-30.0M
$357.8M
Q3 25
$-471.0M
$483.0M
Q2 25
$-136.0M
$555.0M
Q1 25
$-368.0M
$-328.0M
Q4 24
$-250.0M
$383.4M
Q3 24
$-229.0M
$350.4M
Q2 24
$170.0M
$691.7M
Q1 24
$-830.0M
$-189.3M
FCF Margin
FE
FE
TAP
TAP
Q4 25
-0.8%
11.4%
Q3 25
-11.4%
13.9%
Q2 25
-4.0%
14.8%
Q1 25
-9.8%
-12.2%
Q4 24
-7.9%
11.8%
Q3 24
-6.1%
9.7%
Q2 24
5.2%
18.0%
Q1 24
-25.3%
-6.2%
Capex Intensity
FE
FE
TAP
TAP
Q4 25
30.7%
5.9%
Q3 25
31.7%
3.8%
Q2 25
36.0%
4.4%
Q1 25
26.7%
8.8%
Q4 24
40.7%
3.4%
Q3 24
26.9%
4.7%
Q2 24
28.7%
4.6%
Q1 24
24.0%
7.0%
Cash Conversion
FE
FE
TAP
TAP
Q4 25
2.27×
Q3 25
1.92×
Q2 25
4.04×
1.68×
Q1 25
1.77×
-0.75×
Q4 24
4.00×
1.72×
Q3 24
1.85×
2.61×
Q2 24
24.71×
2.04×
Q1 24
-0.16×
0.12×

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%

TAP
TAP

Segment breakdown not available.

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