stockrowFirst Merchants Corporation
FRME Financial Banks Regional
First Merchants Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, down 2.04% from fiscal 2024.
- Revenue
- +12.9%
- EPS
- +11.2%
- Free cash flow
- −10.5%
- Total debt
- +27.1%
Quarter to September 2026, against a year earlier
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First Merchants Corporation (FRME) Free cash flow margin
First Merchants Corporation's free cash flow margin over the twelve months to 30 September 2026 was 27.2%, up 0.2 percentage points from fiscal 2025 (27.0%). Over the past ten years it has ranged from 19.5% (fiscal 2015) to 39.9% (fiscal 2022); the current reading is higher than 36% of that period. That is above the Banks Regional industry median of 18.0% and above the Financial sector median of 11.4%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 27.0% | 2.17 |
| FY2024 | 24.8% | (1.10) |
| FY2023 | 25.9% | (13.98) |
| FY2022 | 39.9% | 1.15 |
| FY2021 | 38.7% | 2.23 |
| FY2020 | 36.5% | 4.49 |
| FY2019 | 32.0% | (5.20) |
| FY2018 | 37.2% | 4.43 |
| FY2017 | 32.8% | 0.22 |
| FY2016 | 32.6% | 13.09 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| FBNC First Bancorp compare | 46.4% |
| SYBT Stock Yards Bancorp, Inc. compare | 33.9% |
| BANR Banner Corporation compare | 27.4% |
| FRME First Merchants Corporation | 27.2% |
| BOH Bank of Hawaii Corporation compare | 24.9% |
| FBK FB Financial Corporation compare | 17.1% |
| BBT Beacon Financial Corporation compare | 0.00% |
| TRMK Trustmark Corporation compare | 0.00% |
| NBTB NBT Bancorp Inc. compare | 0.00% |
| Banks Regional industry median | 18.0% |
| Financial sector median | 11.4% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on FRME
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement