Saturday 17 October 2026
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First Horizon Corporation
First Horizon Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.0 billion, down 0.95% from fiscal 2024. In the quarter to September 2026, revenue fell 39.6%, EPS fell 133.3%, free cash flow grew 664.9% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
22.88
0.02
+0.09%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
21.28 | 28.25 | 7.93 | 11.91 | 8.08 | 9.23 | 15.10 | 9.15 | 14.70 | 12.65 |
Piotroski F-Score |
7 | 2 | 6 | 6 | 5 | 4 | 5 | 7 | 5 | 5 |
P/S ratio |
3.40 | 3.27 | 1.88 | 2.28 | 1.63 | 2.76 | 3.74 | 1.58 | 2.16 | 2.42 |
P/FCF ratio |
36.12 | 0.00 | 19.76 | 6.48 | 43.76 | 12.50 | 5.74 | 6.27 | 8.83 | 20.19 |
P/Operating CF |
10.52 | 17.15 | 11.70 | 45.79 | 12.39 | 56.83 | 2,617.38 | 21.71 | 56.97 | 30.49 |
P/B ratio |
1.78 | 1.08 | 0.91 | 1.04 | 0.70 | 1.12 | 1.74 | 0.90 | 1.25 | 1.37 |
Price to Tangible BV |
1.94 | 1.66 | 1.38 | 1.52 | 0.92 | 1.45 | 2.26 | 1.12 | 1.55 | 1.68 |
EV/Sales |
1.97 | 1.36 | 0.58 | 1.27 | (1.18) | (2.41) | 2.97 | 0.92 | 1.51 | 1.76 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
15.00 | (69.70) | 5.59 | 3.48 | (23.20) | (10.74) | 4.53 | 3.54 | 6.01 | 13.96 |
EV/FCF |
20.96 | (25.59) | 6.06 | 3.61 | (31.68) | (10.90) | 4.55 | 3.64 | 6.18 | 14.66 |
Quick Ratio |
0.12 | 0.12 | 0.12 | 0.08 | 0.15 | 0.24 | 0.06 | 0.06 | 0.06 | 0.06 |
Current Ratio |
0.93 | 0.92 | 0.94 | 0.95 | 0.96 | 0.95 | 0.94 | 0.95 | 0.96 | 0.96 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
3.64% | 2.94% | 2.87% | 1.83% | 1.98% | 1.78% | 2.02% | 1.41% | 1.45% | 1.57% |
Debt/Equity |
0.38 | 0.27 | 0.24 | 0.16 | 0.20 | 0.19 | 0.19 | 0.12 | 0.13 | 0.14 |
Asset Turnover |
0.05 | 0.04 | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 | 0.06 | 0.06 | 0.06 |
Operating CF/Net income |
0.82 | (0.18) | 0.43 | 1.91 | 0.21 | 0.75 | 2.64 | 1.50 | 1.72 | 0.66 |
Capex/Depreciation |
(0.79) | (0.70) | (0.31) | (0.44) | (0.74) | (0.24) | (0.12) | (0.35) | (0.36) | (0.47) |
| 8.57% | 4.49% | 11.75% | 9.00% | 12.83% | 12.17% | 11.19% | 10.61% | 8.46% | 10.94% | |
| 0.81% | 0.46% | 1.31% | 1.03% | 1.29% | 1.11% | 1.03% | 1.08% | 0.90% | 1.15% | |
ROIC |
28.74% | 11.07% | 24.45% | 13.73% | 0.00% | 0.00% | 12.40% | 11.81% | 10.75% | 13.70% |
Return on Tangible Assets |
(16.43%) | (7.52%) | (37.07%) | (30.02%) | (35.62%) | (30.80%) | (25.46%) | (31.39%) | (33.64%) | (40.77%) |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
67.94% | 68.57% | 53.02% | 53.99% | 64.13% | 52.44% | 57.09% | 45.59% | 42.56% | 42.16% |
Intangible Assets out of Total Assets |
0.01 | 0.04 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
Share Based Compensation of Revenue |
1.28% | 1.39% | 1.01% | 0.97% | 0.94% | 1.33% | 2.14% | 0.72% | 1.17% | 1.22% |
Graham Net Nets |
(0.71) | (0.94) | (0.90) | (0.71) | (1.17) | (0.78) | (0.62) | (0.87) | (0.58) | (0.52) |
Graham Number |
15.40 | 17.23 | 23.24 | 22.28 | 25.39 | 24.11 | 22.65 | 23.84 | 22.26 | 27.21 |
Earnings Yield |
4.70% | 3.54% | 12.61% | 8.39% | 12.38% | 10.84% | 6.62% | 10.93% | 6.80% | 7.91% |
Free Cash Flow Yield |
2.77% | (1.62%) | 5.06% | 15.42% | 2.29% | 8.00% | 17.43% | 15.94% | 11.32% | 4.95% |
Revenue per Share |
5.89 | 6.13 | 7.00 | 7.26 | 7.85 | 5.92 | 6.54 | 9.17 | 9.31 | 9.86 |
Operating CF per Share |
0.77 | (0.12) | 0.72 | 2.65 | 0.40 | 1.33 | 4.28 | 2.37 | 2.35 | 1.24 |
Capex per Share |
(0.22) | (0.21) | (0.06) | (0.09) | (0.11) | (0.02) | (0.02) | (0.07) | (0.07) | (0.06) |
Free Cash Flow per Share |
0.55 | (0.32) | 0.67 | 2.55 | 0.29 | 1.31 | 4.26 | 2.30 | 2.28 | 1.18 |
Cash per Share |
12.87 | 16.79 | 12.74 | 9.87 | 25.86 | 33.49 | 8.04 | 8.15 | 8.26 | 9.15 |
Shareholders Equity per Share |
11.62 | 18.97 | 14.75 | 16.18 | 19.22 | 15.55 | 15.97 | 16.94 | 16.86 | 18.10 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
11.62 | 18.97 | 14.75 | 16.18 | 19.22 | 15.55 | 15.97 | 16.94 | 16.86 | 18.10 |
Free Cash Flow |
128.83 | (78.43) | 216.00 | 801.00 | 126.00 | 714.00 | 2,281.00 | 1,263.00 | 1,232.00 | 598.00 |
Working Capital |
(1,633.64) | (2,650.08) | (1,948.07) | (1,904.00) | (3,067.00) | (3,788.00) | (4,021.00) | (3,346.00) | (2,768.00) | (2,889.00) |
Capital Expenditures |
(51.16) | (49.63) | (18.00) | (29.00) | (46.00) | (11.00) | (10.00) | (36.00) | (36.00) | (30.00) |
Net Current Asset Value |
(3,299.14) | (4,551.47) | (3,842.66) | (3,685.00) | (6,436.00) | (6,941.00) | (8,097.00) | (6,878.00) | (6,278.00) | (6,286.00) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.04 | 0.03 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
Price to Operating Income |
13.48 | 15.53 | 6.21 | 8.65 | 5.87 | 6.65 | 11.29 | 7.03 | 10.83 | 9.43 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.22 | 0.13 | 0.12 | 0.15 | 0.08 | 0.07 | 0.14 | 0.17 | 0.18 | 0.12 |
Cash ROIC |
1.91% | (0.80%) | 2.14% | 8.94% | 0.60% | 2.52% | 15.79% | 8.47% | 8.34% | 3.96% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 | 0.02 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
93,165.34 | 75,712.87 | 36,592.92 | 28,591.67 | 108,234.87 | 166,687.04 | 79,633.97 | 15,390.83 | 13,002.21 | 15,747.28 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
21,319.92 | 26,646.36 | 31,651.68 | 32,556.50 | 51,206.00 | 72,438.50 | 69,192.00 | 64,634.50 | 65,680.50 | 66,528.50 |
Average Assets |
27,373.94 | 34,989.31 | 41,127.83 | 42,071.63 | 63,760.00 | 86,650.50 | 84,022.50 | 80,307.00 | 81,906.50 | 83,014.00 |
Average Common Equity |
2,576.71 | 3,547.16 | 4,587.31 | 4,834.88 | 6,408.50 | 7,905.50 | 7,753.50 | 8,152.00 | 8,728.00 | 8,739.00 |
Columns are period end dates · fundamentals updated 16 Oct 2026