The PNC Financial Services Group, Inc

PNC Financial Banks Regional

The PNC Financial Services Group, Inc’s revenue for fiscal 2025 (year ended December 2025) was $34.0 billion, down 1.29% from fiscal 2024.

Revenue
+6.44%
EPS
+14.2%
Free cash flow
+15.4%
Total debt
+36.8%

Quarter to September 2026, against a year earlier

227.50 5.95 −2.55%
Market cap
$90.0B
P/E
12.1×
Fwd P/E
12.0×
Dividend yield
3.25%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

The PNC Financial Services Group, Inc (PNC) Free cash flow margin

Alert me on Free cash flow margin

The PNC Financial Services Group, Inc's free cash flow margin over the twelve months to 30 September 2026 was 21.8%, up 8.9 percentage points from fiscal 2025 (12.9%). Over the past ten years it has ranged from 12.9% (fiscal 2025) to 41.2% (fiscal 2018) — the current reading is the lowest in ten years. 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 12.9% (9.98)
FY2024 22.9% (8.83)
FY2023 31.7% (6.87)
FY2022 38.6% 1.96
FY2021 36.6% 11.11
FY2020 25.5% (10.17)
FY2019 35.7% (5.47)
FY2018 41.2% 10.22
FY2017 30.9% 9.62
FY2016 21.3% (12.65)

Against its own ten years

Low 12.9% High 41.2%
Ten-year median 31.7%
Current reading's percentile 9

Free cash flow margin against peers

Company Free cash flow margin
DB Deutsche Bank Aktiengesellschaft compare 82.7%
PNC The PNC Financial Services Group, Inc 21.8%
TFC Truist Financial Corporation compare 21.1%
MFG Mizuho Financial Group, Inc. compare 0.00%
IBN ICICI Bank Limited compare 0.00%
NWG NatWest Group plc compare 0.00%
HDB HDFC Bank Limited compare 0.00%
LYG Lloyds Banking Group PLC compare 0.00%
USB U.S. Bancorp 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

The full definition of Free cash flow margin →

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