Friday 6 November 2026 Export CFR’s income statement to Excel — free account

Cullen/Frost Bankers, Inc.

Cullen/Frost Bankers, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 2.46% from fiscal 2024.

Revenue: +2.95%
EPS: +6.37%
Free cash flow: +21.4%
Total debt: +0.10%

Quarter to September 2026, against a year earlier

156.62 3.07 −1.92%

Follow CFR

Alert me

Market cap: $9.7B
P/E: 14.6×
Fwd P/E: 14.2×
Dividend yield: 2.59%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Cullen/Frost Bankers, Inc. (CFR) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Cullen/Frost Bankers, Inc. (CFR) trades at a price to free cash flow of 16.5×. Over the past ten years it has ranged from 6.1× (April 2020) to 528× (December 2025); the current reading is higher than 76% of that period. That is above the Banks Regional industry median of 10.6× and above the Financial sector median of 9.7×.

Embed this chart

Code for your page

<iframe src="https://stockrow.com/embed/CFR/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Cullen/Frost Bankers, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/CFR/metrics/price-to-free-cash-flow">Cullen/Frost Bankers, Inc. (CFR) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	63.2×	532.98%
FY2024	10.0×	(54.09%)
FY2023	21.8×	61.46%
FY2022	13.5×	(0.96%)
FY2021	13.6×	8.11%
FY2020	12.6×	(10.69%)
FY2019	14.1×	24.93%
FY2018	11.3×	(5.44%)
FY2017	11.9×	(2.98%)
FY2016	12.3×	(18.29%)

Period	Price to free cash flow	Change
Sep 2026	16.1×	(9.31%)
Jun 2026	17.8×	36.58%
Mar 2026	13.0×	(79.41%)
Dec 2025	63.2×	(87.69%)
43 more quarters	Free account

Against its own ten years

Low 6.1× High 528×

Ten-year median 13.2×

Current reading's percentile 76

Company	Price to free cash flow
ZION Zions Bancorporation, N.A. compare	5.6×
WTFC Wintrust Financial Corporation compare	6.5×
SSB SouthState Bank Corporation compare	6.5×
UMBF UMB Financial Corporation compare	9.0×
ONB Old National Bancorp compare	9.7×
BPOP Popular, Inc. compare	12.3×
CFR Cullen/Frost Bankers, Inc.	16.5×
CBC Central Bancompany compare	18.5×
CIB Grupo Cibest S.A. - Sponsored ADR compare	21.3×
Banks Regional industry median	10.6×
Financial sector median	9.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Cullen/Frost Bankers, Inc. (CFR) Price to free cash flow

Price to free cash flow, daily

Annual newest first

Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on CFR

Price to free cash flow, daily

Annual newest first

Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on CFR

Stockrow Weekly