← FIRST MERCHANTS CORP FRME
Market Price
$43.71
Market Cap
$2.73B
P/E Ratio
11.27
Revenue (FY 2025)
↑2.5% YoY
$662.95M
3-Yr CAGR: 1.8%
Net Income
↑12.2% YoY
$226.00M
Net Margin: 34.1%
Free Cash Flow
↑6.5% YoY
$283.65M
FCF Yield: 10.38%
EPS (Diluted)
↑13.8% YoY
$3.88
Basic: $3.90
Return on Equity
Efficiency
9.2%
ROA: 1,637.7%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (FRME)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $242.6M | — | $215.8M | $81.1M | — | $1.98 | — | $106.9M | $106.9M | — |
| FY 2017 | $296.3M | +22.2% | $258.7M | $96.1M | +18.5% | $2.12 | +7.1% | $126.5M | $126.5M | +18.4% |
| FY 2018 | $358.0M | +20.8% | $288.9M | $159.1M | +65.6% | $3.22 | +51.9% | $180.2M | $180.2M | +42.5% |
| FY 2019 | $380.9M | +6.4% | $272.2M | $164.5M | +3.3% | $3.19 | -0.9% | $178.4M | $178.4M | -1.0% |
| FY 2020 | $409.6M | +7.5% | $343.2M | $148.6M | -9.6% | $2.74 | -14.1% | $204.8M | $204.8M | +14.8% |
| FY 2021 | $520.0M | +27.0% | $484.1M | $205.5M | +38.3% | $3.81 | +39.1% | $207.4M | $207.4M | +1.3% |
| FY 2022 | $628.1M | +20.8% | $543.3M | $222.1M | +8.1% | $3.81 | 0.0% | $268.0M | $268.0M | +29.3% |
| FY 2023 | $651.0M | +3.6% | $302.5M | $223.8M | +0.8% | $3.73 | -2.1% | $258.8M | $258.8M | -3.4% |
| FY 2024 | $646.7M | -0.7% | $219.8M | $201.4M | -10.0% | $3.41 | -8.6% | $266.2M | $266.2M | +2.9% |
| FY 2025 | $662.9M | +2.5% | $274.2M | $226.0M | +12.2% | $3.88 | +13.8% | $283.6M | $283.6M | +6.5% |
Valuation
Market Price
$43.71
Market Cap
$2.73B
Enterprise Value
N/A
P/E Ratio
11.27
P/B Ratio
1.12
FCF Yield
10.38%
Dividend Yield
N/A
Shares Outstanding
Profitability & Margins
Gross Margin
41.36%
Operating Margin
39.09%
Net Margin
34.09%
Return on Equity (ROE)
9.16%
Return on Assets (ROA)
1,637.69%
Asset Turnover
48.04x
Revenue 3-Yr CAGR
1.81%
Financial Health & Liquidity
Current Ratio
N/A
Cash Ratio
N/A
Debt / Equity
N/A
Debt / Assets
N/A
Cash & Equivalents
$177.20M
Total Debt
N/A
Book Value / Share
$39.14
Cash Flow Efficiency
Operating Cash Flow
$283.65M
Capital Expenditures (CapEx)
N/A
Free Cash Flow
$283.65M
OCF / Revenue
42.79%
FCF / Revenue
42.79%
FCF 3-Yr CAGR
1.90%
Per Share Metrics
EPS (Diluted)
$3.88
EPS (Basic)
$3.90
Dividends / Share
N/A
Book Value / Share
$39.14
EPS YoY Growth
13.78%
Balance Sheet (FY 2025)
Total Assets
$13.80M
Total Liabilities
$16.56B
Stockholders' Equity
$2.47B
Current Assets
N/A
Current Liabilities
N/A