Western Alliance Bancorporation

WAL Financial Banks Regional

Western Alliance Bancorporation’s revenue for fiscal 2025 (year ended December 2025) was $5.4 billion, up 5.64% from fiscal 2024.

Revenue
+3.58%
EPS
+6.52%
Free cash flow
+218.5%
Total debt
+46.7%

Quarter to September 2026, against a year earlier

75.96 3.28 −4.14%
Market cap
$8.2B
P/E
8.4×
Fwd P/E
8.5×
Dividend yield
2.21%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Western Alliance Bancorporation (WAL) Free cash flow margin

Alert me on Free cash flow margin

Western Alliance Bancorporation's free cash flow margin over the twelve months to 30 September 2026 was −4.92%, up 47.1 percentage points from fiscal 2025 (−52.0%). Over the past ten years it has ranged from −132.0% (fiscal 2021) to 69.8% (fiscal 2022); the current reading is higher than 27% of that period. That is below the Banks Regional industry median of 18.0% and below 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 −52.0% 3.58
FY2024 −55.6% (45.32)
FY2023 −10.3% (80.02)
FY2022 69.8% 201.78
FY2021 −132.0% (180.30)
FY2020 48.3% (4.74)
FY2019 53.0% 2.95
FY2018 50.1% 5.60
FY2017 44.5% 8.14
FY2016 36.3% (1.43)

Against its own ten years

Low −132.0% High 69.8%
Ten-year median 37.8%
Current reading's percentile 27

Free cash flow margin against peers

Company Free cash flow margin
CBC Central Bancompany compare 38.2%
BOKF BOK Financial Corporation compare 24.5%
ONB Old National Bancorp compare 23.9%
ZION Zions Bancorporation, N.A. compare 0.00%
COLB Columbia Banking System, Inc. compare 0.00%
VLY Valley National Bancorp compare 0.00%
CBSH Commerce Bancshares, Inc. compare 0.00%
PB Prosperity Bancshares, Inc. compare 0.00%
WAL Western Alliance Bancorporation −4.92%
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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