Firstenergy Corp. FE
Revenue Intelligence Report • 9 quarters of SEC filing data • Updated 2026-03-15
Firstenergy Corp. has a forecasted full-year revenue of $12B, a -7.5% year-over-year change, based on 9 quarters of SEC filing data. Key revenue drivers include SG&A ($1.77 per $1). The ARDL model achieves strong accuracy at 4.4% MAPE.
Investment Thesis
The econometric model achieves strong accuracy (4.4% MAPE), suggesting Firstenergy Corp.'s revenue trajectory is well-characterized by its spending patterns. Each $1 of SG&A spending generates $1.77 in revenue, reflecting strong commercial efficiency.
Next FY Revenue
$12.0B
-7.5% YoY
SG&A Multiplier
$1.77 per $1
Model Accuracy
4.4% MAPE
Holdout validation: The model predicted $3.2B vs the actual $3.3B — an error of 4.3%.
Note:
Firstenergy Corp. does not report R&D expenses separately. This analysis uses SG&A spending only.
Revenue Forecast
Quarterly Detail
| Quarter | Model Forecast | Actual | 95% Range | YoY Growth | Status |
|---|---|---|---|---|---|
| Q2 2010 | $3.2B | $3.3B | $2.8B – $3.5B | -5.3% | ✓ In range |
| Q3 2010 | $3.1B | $2.5B – $3.6B | -6.5% | ||
| Q4 2010 | $3.0B | $2.4B – $3.7B | -11.4% | ||
| Q1 2011 | $3.0B | $2.2B – $3.7B | +0.4% | ||
| Q2 2011 | $2.9B | $2.1B – $3.8B | -11.6% |
How Spending Drives Revenue
Reading this chart:
Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.
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