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M&T Bank Corporation

M&T Bank Corporation’s revenue for fiscal 2025 (year ended December 2025) was $13.2 billion, down 1.67% from fiscal 2024.

Revenue: −0.64%
EPS: +4.74%
Free cash flow: +52.4%
Total debt: +5.57%

Quarter to September 2026, against a year earlier

218.03 1.75 −0.80%

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Market cap: $31.7B
P/E: 11.4×
Fwd P/E: 11.3×
Dividend yield: 2.73%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

M&T Bank Corporation (MTB) Price to free cash flow

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As of 5 November 2026, M&T Bank Corporation (MTB) trades at a price to free cash flow of 9.3×. Over the past ten years it has ranged from 4.2× (March 2023) to 33.8× (February 2021); the current reading is higher than 38% of that period. That is below the Banks Regional industry median of 10.6× and in line with the Financial sector median of 9.7×.

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<iframe src="https://stockrow.com/embed/MTB/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="M&amp;T Bank Corporation price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MTB/metrics/price-to-free-cash-flow">M&amp;T Bank Corporation (MTB) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	11.1×	20.60%
FY2024	9.2×	45.49%
FY2023	6.3×	16.83%
FY2022	5.4×	(29.54%)
FY2021	7.7×	(70.99%)
FY2020	26.5×	153.54%
FY2019	10.5×	1.20%
FY2018	10.3×	7.35%
FY2017	9.6×	(57.81%)
FY2016	22.8×	128.81%

Period	Price to free cash flow	Change
Sep 2026	9.2×	(4.40%)
Jun 2026	9.7×	(0.87%)
Mar 2026	9.7×	(12.39%)
Dec 2025	11.1×	44.14%
43 more quarters	Free account

Against its own ten years

Low 4.2× High 33.8×

Ten-year median 10.4×

Current reading's percentile 38

Company	Price to free cash flow
SHG Shinhan Financial Group Co Ltd compare	2.0×
ITUB Itau Unibanco Holding S.A. compare	2.8×
BBDO Banco Bradesco SA compare	2.8×
BAP Credicorp Ltd. compare	3.3×
MTB M&T Bank Corporation	9.3×
KB KB Financial Group Inc compare	9.4×
FCNCA First Citizens BancShares, Inc. compare	10.6×
HBAN Huntington Bancshares Incorporated compare	10.8×
CFG Citizens Financial Group, Inc. compare	33.0×
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 →

M&T Bank Corporation (MTB) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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