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.
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 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
| 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% |
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_KEY
import 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();