First Merchants (FRME) FCF Margin (2009 - 2026)
First Merchants (FRME) posted FCF Margin of 44.89% for Q2 2026, up 12.23 percentage points from 32.67% a year earlier and up 7.61 percentage points from the prior quarter.
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Analysis
First Merchants (FRME) FCF Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at First Merchants was 45.54%, up 6.05 percentage points year-over-year; for FY2025, it was 42.79%, up 1.62 percentage points from FY2024.
- Annual FCF Margin shows a five-year change of +1.36 percentage points (FY2020 to FY2025).
- In prior years, First Merchants' FCF Margin was 41.16% in FY2024 (+1.41 pp), 39.76% in FY2023 (-5.50 pp), 45.26% in FY2022 (+3.85 pp) and 41.41% in FY2021 (-0.01 pp).
- Quarterly FCF Margin has run from a low of 15.45% in Q2 2023 to a high of 80.65% in Q4 2022 over five years.
- On a year-over-year basis, FCF Margin increased in four of the last eight quarters, with an average year-over-year change of +1.55 percentage points.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q4 2022, with a gain of 38.31 percentage points; the weakest was Q4 2023, with a drop of 38.72 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was 37.29% (Q1 2026), 46.88% (Q4 2025) and 52.70% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 66.09% |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | -21.69% |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | -230.94% |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 189.34% |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 19.57% |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 40.54% |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | - |
| 10 | First Merchants | 256.31 Mn | 256.31 Mn | - | 39.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 39.38% |
| Jun 30, 2026 | 44.89% |
| Mar 31, 2026 | -1,531.13% |
| Dec 31, 2025 | 46.38% |
| Sep 30, 2025 | 51.76% |
| Jun 30, 2025 | 32.42% |
| Mar 31, 2025 | 38.33% |
| Dec 31, 2024 | 38.05% |
| Sep 30, 2024 | 48.95% |
| Jun 30, 2024 | 39.36% |
| Mar 31, 2024 | 38.20% |
| Dec 31, 2023 | 41.92% |
| Sep 30, 2023 | 49.68% |
| Jun 30, 2023 | 15.45% |
| Mar 31, 2023 | 51.17% |
| Dec 31, 2022 | 76.91% |
| Sep 30, 2022 | 29.20% |
| Jun 30, 2022 | -1,567.41% |
| Mar 31, 2022 | 34.60% |
| Dec 31, 2021 | 42.10% |
API Access
First Merchants FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "FRME", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();