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Firstenergy vs Tennessee Valley Authority: FE and TVE compared
Firstenergy is the larger company: $3.7B of revenue in its latest quarter (Q2 2026) against $3.4B for Tennessee Valley Authority (Q3 FY26). Firstenergy is growing faster (+9% against +4% a year earlier). Firstenergy is more profitable, with an operating margin of 18.4% against 17.8%.
Where the money goes: FE and TVE
Firstenergy (FE) · Q2 2026
Firstenergy, Q2 2026: revenue $3.7B (+9% year over year), operating margin 18.4%, net earnings $288M, operating cash flow $989M. The chart follows the revenue to costs, profit and cash.
Tennessee Valley Authority (TVE) · Q3 FY26
Tennessee Valley Authority, Q3 FY26: revenue $3.4B (+4% year over year), operating margin 17.8%, net earnings $307M, operating cash flow $777M. The chart follows the revenue to costs, profit and cash.
| Firstenergy (FE) | Tennessee Valley Authority (TVE) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 FY26 |
| Revenue | $3.7B | $3.4B |
| Revenue growth, Y/Y | +9% | +4% |
| Operating margin | 18.4% | 17.8% |
| Net earnings | $288M | $307M |
| Net margin | 7.8% | 8.9% |
| Operating cash flow | $989M | $777M |
| Market value | $27.3B | — |
| P/E | 20.1× | — |
| Analysts’ mean target | $50.64 | — |
Where the revenue comes from
Firstenergy
- Distribution services and retail generation: $2.8B (76%)
- Transmission: $686M (19%)
- Other: $205M (6%)
Questions
Which is bigger, Firstenergy or Tennessee Valley Authority?
Firstenergy is the larger company: $3.7B of revenue in its latest quarter (Q2 2026) against $3.4B for Tennessee Valley Authority (Q3 FY26).
Is Firstenergy or Tennessee Valley Authority growing faster?
Firstenergy is growing faster (+9% against +4% a year earlier).
Which is more profitable, Firstenergy or Tennessee Valley Authority?
Firstenergy is more profitable, with an operating margin of 18.4% against 17.8%.
More: Firstenergy earnings · how Firstenergy makes money · Tennessee Valley Authority earnings · how Tennessee Valley Authority makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Jul 28, 2026; 10-Q filed Aug 4, 2026). Fiscal quarters can end on different dates. Not investment advice.