#### FirstEnergy Corp. Peer Comparison

Metric | Value | Ranking | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

Market Cap | $23.1 Billion | 12/16 | SO $86.8B |
DUK $79.4B |
AEP $48.8B |
D $44.7B |
EXC $38.6B |
PEG $37.0B |
ED $33.5B |
XEL $31.0B |
EIX $29.2B |
ETR $24.2B |
DTE $24.2B |
FE $23.1B |
AEE $20.0B |
CNP $19.2B |
LNT $13.3B |
PNW $8.8B |

Gross Margin | 67% | 4/16 | PNW 100% |
LNT 77% |
SO 73% |
FE 67% |
AEP 57% |
D 51% |
ED 50% |
EIX 47% |
AEE 46% |
EXC 43% |
PEG 38% |
CNP 37% |
ETR 37% |
DUK 30% |
XEL 24% |
DTE 20% |

Profit Margin | 6% | 15/16 | ETR 36% |
PEG 21% |
SO 17% |
LNT 15% |
DUK 15% |
XEL 12% |
EXC 11% |
EIX 11% |
ED 10% |
AEE 10% |
CNP 9% |
DTE 9% |
D 7% |
AEP 7% |
FE 6% |
PNW -1% |

EBITDA margin | 29% | 13/16 | LNT 50% |
D 45% |
DUK 44% |
EIX 42% |
PEG 42% |
AEE 40% |
EXC 38% |
XEL 37% |
AEP 36% |
ED 33% |
CNP 31% |
PNW 30% |
FE 29% |
DTE 29% |
SO 27% |
ETR 21% |

Quarterly Revenue | $3.1 Billion | 10/16 | DUK $7.7B |
SO $6.6B |
EXC $5.4B |
AEP $4.6B |
EIX $3.7B |
ED $3.4B |
XEL $3.4B |
DTE $3.3B |
D $3.3B |
FE $3.1B |
ETR $2.7B |
PEG $2.6B |
CNP $2.2B |
AEE $1.6B |
PNW $991.6M |
LNT $798.0M |

Quarterly Earnings | $175.0 Million | 13/16 | DUK $1.1B |
SO $1.1B |
ETR $982.5M |
EXC $617.0M |
PEG $546.0M |
EIX $421.0M |
XEL $409.0M |
AEP $336.2M |
ED $334.0M |
DTE $313.0M |
D $235.0M |
CNP $192.0M |
FE $175.0M |
AEE $158.0M |
LNT $121.0M |
PNW -$12.9M |

Quarterly Free Cash Flow | -$132.0 Million | 5/16 | ETR $903.2M |
SO $248.0M |
DTE -$6.0M |
PNW -$69.3M |
FE -$132.0M |
PEG -$255.0M |
CNP -$270.0M |
ED -$281.0M |
AEP -$342.0M |
EXC -$457.0M |
EIX -$602.0M |
AEE -$604.0M |
XEL -$640.0M |
DUK -$734.0M |
D -$1.7B |
LNT -$0 |

Trailing 4 Quarters Revenue | $12.9 Billion | 9/16 | DUK $29.5B |
SO $25.4B |
EXC $21.7B |
AEP $19.0B |
EIX $16.5B |
D $16.1B |
ED $14.8B |
XEL $14.2B |
FE $12.9B |
DTE $12.3B |
ETR $12.1B |
PEG $11.2B |
CNP $8.7B |
AEE $7.5B |
PNW $4.7B |
LNT $3.9B |

Trailing 4 Quarters Earnings | $1.1 Billion | 13/16 | DUK $7.7B |
SO $6.6B |
EXC $5.4B |
AEP $4.6B |
EIX $3.7B |
ED $3.4B |
XEL $3.4B |
DTE $3.3B |
D $3.3B |
FE $3.1B |
ETR $2.7B |
PEG $2.6B |
CNP $2.2B |
AEE $1.6B |
PNW $991.6M |
LNT $798.0M |

Quarterly Earnings Growth | 145% | 3/16 | ETR 906% |
D 753% |
FE 145% |
CNP 43% |
EXC 43% |
DUK 42% |
PNW 34% |
SO 31% |
LNT 12% |
XEL 8% |
AEE -3% |
EIX -10% |
AEP -13% |
DTE -30% |
PEG -31% |
ED -46% |

Annual Earnings Growth | 73% | 5/16 | ETR 2313% |
SO 847% |
EIX 254% |
PEG 127% |
FE 73% |
ED 58% |
CNP 24% |
DTE 2% |
DUK 1% |
EXC -5% |
AEP -10% |
LNT -11% |
D -13% |
XEL -24% |
AEE -24% |
PNW -49% |

Quarterly Revenue Growth | -1% | 4/16 | EXC 15% |
DUK 5% |
SO 3% |
FE -1% |
PNW -2% |
AEP -6% |
EIX -8% |
DTE -12% |
XEL -15% |
PEG -17% |
ED -17% |
ETR -17% |
CNP -20% |
AEE -21% |
LNT -25% |
D -34% |

Annual Revenue Growth | -5% | 9/16 | PNW 365% |
ETR 271% |
LNT 265% |
CNP 221% |
EXC 13% |
PEG 13% |
DUK 4% |
ED 3% |
FE -5% |
SO -8% |
D -11% |
AEP -12% |
XEL -13% |
EIX -16% |
AEE -16% |
DTE -29% |

Cash On Hand | $137.0 Million | 8/16 | ED $1.2B |
DUK $492.0M |
EXC $445.0M |
DTE $349.0M |
EIX $345.0M |
AEP $330.1M |
D $268.0M |
FE $137.0M |
XEL $129.0M |
CNP $90.0M |
LNT $62.0M |
PEG $54.0M |
AEE $25.0M |
PNW $9,000 |
SO -$0 |
ETR -$0 |

Short Term Debt | $2.0 Billion | 12/16 | D $11.0B |
LNT $9.5B |
DUK $6.4B |
AEP $5.4B |
EXC $3.9B |
EIX $3.9B |
ETR $3.2B |
DTE $2.7B |
ED $2.7B |
SO $2.6B |
PEG $2.4B |
FE $2.0B |
XEL $1.3B |
CNP $1.1B |
AEE $849.0M |
PNW $76.8M |

Long Term Debt | $22.9 Billion | 9/16 | DUK $75.0B |
SO $60.7B |
EXC $40.1B |
AEP $38.2B |
D $33.0B |
EIX $31.4B |
XEL $24.9B |
ETR $23.0B |
FE $22.9B |
ED $22.4B |
DTE $19.2B |
PEG $18.0B |
CNP $17.6B |
AEE $15.1B |
PNW $500.1M |
LNT $0 |

PE | 20.65 | 6/16 | DUK 24.01 |
D 22.41 |
AEP 22.26 |
EIX 21.62 |
CNP 20.89 |
FE 20.65 |
SO 20.45 |
DTE 19.12 |
LNT 18.95 |
PNW 17.93 |
XEL 17.52 |
AEE 17.34 |
EXC 16.58 |
ED 15.35 |
PEG 14.42 |
ETR 10.27 |

PS | 1.80 | 14/16 | LNT 3.45 |
SO 3.41 |
PEG 3.29 |
D 2.77 |
DUK 2.69 |
AEE 2.66 |
AEP 2.57 |
ED 2.26 |
CNP 2.20 |
XEL 2.18 |
ETR 1.99 |
DTE 1.97 |
PNW 1.88 |
FE 1.80 |
EXC 1.78 |
EIX 1.77 |

PB | 2.12 | 4/16 | ETR 5.87 |
PEG 2.39 |
DTE 2.16 |
FE 2.12 |
CNP 1.98 |
AEP 1.93 |
XEL 1.76 |
AEE 1.74 |
EIX 1.63 |
D 1.62 |
ED 1.58 |
DUK 1.57 |
EXC 1.50 |
PNW 1.41 |
LNT 1.14 |
SO 0.00 |

PC | 168.96 | 7/16 | PNW 981906.82 |
AEE 798.94 |
PEG 684.58 |
XEL 240.56 |
LNT 214.90 |
CNP 212.81 |
FE 168.96 |
D 166.70 |
DUK 161.32 |
AEP 147.77 |
EXC 86.79 |
EIX 84.60 |
DTE 69.24 |
ED 28.19 |
SO -1.00 |
ETR -1.00 |

Liabilities to Equity | 3.63 | 2/16 | EIX 4.12 |
FE 3.63 |
CNP 3.11 |
DTE 3.11 |
D 2.96 |
EXC 2.94 |
SO 2.93 |
AEP 2.83 |
XEL 2.64 |
AEE 2.59 |
DUK 2.58 |
PEG 2.28 |
ED 2.14 |
PNW 0.22 |
ETR 0.01 |
LNT 0.00 |

ROA | 0.02 | 10/16 | ETR 56% | SO 38% | PNW 6% | PEG 5% | LNT 3% | XEL 3% | ED 3% | AEE 3% | DTE 3% | FE 2% | D 2% | AEP 2% | CNP 2% | DUK 2% | EXC 2% | EIX 2% |

ROE | 0.11 | 4/16 | PEG 17% |
ETR 16% |
SO 12% |
FE 11% |
DTE 11% |
XEL 10% |
ED 10% |
AEE 10% |
AEP 9% |
CNP 9% |
EXC 9% |
EIX 9% |
PNW 8% |
D 7% |
DUK 7% |
LNT -100% |

Current Ratio | 1.29 | 14/16 | ETR 35.25 |
PNW 5.65 |
LNT 2.23 |
ED 1.47 |
PEG 1.44 |
DUK 1.40 |
AEE 1.39 |
XEL 1.38 |
AEP 1.35 |
D 1.34 |
EXC 1.34 |
CNP 1.32 |
DTE 1.32 |
FE 1.29 |
EIX 1.28 |
SO 0.11 |

Quick Ratio | 0.00 | 8/16 | DUK 24.01 |
D 22.41 |
AEP 22.26 |
EIX 21.62 |
CNP 20.89 |
FE 20.65 |
SO 20.45 |
DTE 19.12 |
LNT 18.95 |
PNW 17.93 |
XEL 17.52 |
AEE 17.34 |
EXC 16.58 |
ED 15.35 |
PEG 14.42 |
ETR 10.27 |

Long Term Debt to Equity | 2.19 | 1/16 | FE} 2.19 |
EIX} 2.03 |
CNP} 1.82 |
DTE} 1.72 |
SO} 1.70 |
ETR} 1.57 |
EXC} 1.56 |
AEP} 1.51 |
DUK} 1.51 |
XEL} 1.41 |
AEE} 1.33 |
D} 1.20 |
PEG} 1.16 |
ED} 1.06 |
PNW} 0.08 |
LNT} -1.00 |

Debt to Equity | 2.39 | 1/16 | FE 2.39 |
EIX 2.28 |
DTE 1.98 |
CNP 1.93 |
ETR 1.79 |
SO 1.78 |
AEP 1.73 |
EXC 1.71 |
DUK 1.66 |
D 1.63 |
XEL 1.49 |
AEE 1.41 |
PEG 1.32 |
ED 1.18 |
PNW 0.09 |
LNT -1.00 |

Burn Rate | 0.11 | 9/16 | ED 0.97 |
DTE 0.31 |
EXC 0.23 |
EIX 0.19 |
DUK 0.14 |
XEL 0.14 |
AEP 0.13 |
CNP 0.12 |
FE 0.11 |
D 0.07 |
PEG 0.07 |
AEE 0.04 |
LNT 0.03 |
SO 0.00 |
PNW 0.00 |
ETR 0.00 |

Cash to Cap | 0.01 | 2/16 | ED 0.04 |
FE 0.01 |
D 0.01 |
AEP 0.01 |
DUK 0.01 |
EXC 0.01 |
EIX 0.01 |
DTE 0.01 |
LNT 0.00 |
SO 0.00 |
CNP 0.00 |
XEL 0.00 |
PNW 0.00 |
PEG 0.00 |
AEE 0.00 |
ETR 0.00 |

CCR | -0.75 | 8/16 | PNW 5.36 |
ETR 0.92 |
SO 0.22 |
DTE -0.02 |
PEG -0.47 |
DUK -0.64 |
EXC -0.74 |
FE -0.75 |
ED -0.84 |
AEP -1.02 |
CNP -1.41 |
EIX -1.43 |
XEL -1.56 |
AEE -3.82 |
D -7.10 |
LNT |

EV to EBITDA | 52.03 | 9/16 | ETR} 87.73 |
SO} 84.60 |
D} 60.88 |
LNT} 56.79 |
AEE} 55.69 |
CNP} 55.58 |
AEP} 55.32 |
PEG} 52.68 |
FE} 52.03 |
ED} 49.81 |
DUK} 48.28 |
DTE} 47.28 |
XEL} 44.34 |
EIX} 40.94 |
EXC} 40.11 |
PNW} 31.37 |

EV to Revenue | 3.72 | 15/16 | SO 5.90 |
LNT 5.89 |
D 5.54 |
DUK 5.47 |
PEG 5.10 |
AEP 4.85 |
AEE 4.79 |
CNP 4.33 |
ETR 4.15 |
XEL 4.02 |
EIX 3.89 |
ED 3.87 |
EXC 3.78 |
DTE 3.74 |
FE 3.72 |
PNW 2.00 |