M&T Bank Corporation

MTB Financial Banks Regional

M&T Bank Corporation’s revenue for fiscal 2025 (year ended December 2025) was $13.2 billion, down 1.67% from fiscal 2024. In the quarter to June 2026, revenue grew 2.07%, EPS grew 25.6%, free cash flow grew 52.4% and total debt rose 9.60%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.

215.28 3.37 −1.54%
Market cap
$31.6B
P/E
11.3×
Fwd P/E
11.9×
Dividend yield
2.79%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

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

Alert me on Price to free cash flow

As of 16 October 2026, M&T Bank Corporation (MTB) trades at a price to free cash flow of 8.7×. Over the past ten years it has ranged from 4.2× (March 2023) to 33.8× (February 2021); the current reading is higher than 31% of that period. That is below the Banks Regional industry median of 10.6× and below the Financial sector median of 9.9×.

Price to free cash flow, daily

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Annual newest first

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%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 9.7× (0.87%)
Mar 2026 9.7× (12.39%)
Dec 2025 11.1× 44.14%
Sep 2025 7.7× (26.03%)
42 more quarters

Against its own ten years

Low 4.2× High 33.8×
Ten-year median 10.4×
Current reading's percentile 31

Price to free cash flow against peers

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 →

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