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) Gross margin
First Merchants Corporation's gross margin over the twelve months to 30 September 2026 was 64.4%, up 1.4 percentage points from fiscal 2025 (63.0%). Over the past ten years it has ranged from 60.2% (fiscal 2024) to 93.5% (fiscal 2021); the current reading is higher than 18% of that period. That is below the Banks Regional industry median of 69.8% and below the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 63.0% | 2.79 |
| FY2024 | 60.2% | (4.89) |
| FY2023 | 65.1% | (22.98) |
| FY2022 | 88.1% | (5.42) |
| FY2021 | 93.5% | 5.42 |
| FY2020 | 88.1% | 7.81 |
| FY2019 | 80.3% | (5.44) |
| FY2018 | 85.7% | (4.51) |
| FY2017 | 90.3% | (1.32) |
| FY2016 | 91.6% | 0.09 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 65.9% | 0.12 |
| Jun 2026 | 65.8% | 4.04 |
| Mar 2026 | 61.8% | (1.87) |
| Dec 2025 | 63.6% | 1.55 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| NBTB NBT Bancorp Inc. compare | 78.9% |
| BANR Banner Corporation compare | 77.3% |
| FBNC First Bancorp compare | 75.7% |
| TRMK Trustmark Corporation compare | 73.8% |
| SYBT Stock Yards Bancorp, Inc. compare | 73.0% |
| BOH Bank of Hawaii Corporation compare | 72.3% |
| FBK FB Financial Corporation compare | 67.9% |
| BBT Beacon Financial Corporation compare | 67.8% |
| FRME First Merchants Corporation | 64.4% |
| Banks Regional industry median | 69.8% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on FRME
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow 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