First Merchants growth metrics data for the quarter ended Jun 2026. These growth metrics cover 64 quarters of results from Sep 2010 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Growth Metrics | Sep2010 | Dec2010 | Mar2011 | Jun2011 | Sep2011 | Dec2011 | Mar2012 | Jun2012 | Sep2012 | Dec2012 | Mar2013 | Jun2013 | Sep2013 | Dec2013 | Mar2014 | Jun2014 | Sep2014 | Dec2014 | Mar2015 | Jun2015 | Sep2015 | Dec2015 | Mar2016 | Jun2016 | Sep2016 | Dec2016 | Mar2017 | Jun2017 | Sep2017 | Dec2017 | Mar2018 | Jun2018 | Sep2018 | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
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| Growth Ratios | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dividend Coverage Ratio Growth (1y)Div. Cover Growth (1y) | 30.81% | -4.50% | -11.08% | -42.54% | -1.13% | 20.70% | 7.06% | 47.02% | -17.24% | -44.02% | -29.34% | -35.22% | -13.65% | 51.10% | 13.72% | 40.54% | 14.00% | -12.86% | -54.70% | -30.86% | ||||||||||||||||||||||||||||||||||||||||||||
| Dividend Coverage Ratio Growth (3y)Div. Cover Growth (3y) | -3.72% | -7.15% | -4.29% | -13.97% | 5.37% | 3.75% | 11.54% | 8.27% | 2.29% | -13.59% | -12.38% | -18.21% | -10.93% | 0.69% | -4.89% | 10.21% | -6.60% | -9.67% | -28.60% | -14.30% | ||||||||||||||||||||||||||||||||||||||||||||
| Dividend Coverage Ratio Growth (5y)Div. Cover Growth (5y) | -1.68% | -3.27% | -3.64% | -8.11% | 3.97% | 6.15% | -4.13% | -3.93% | -6.09% | -11.57% | -7.88% | -9.52% | -3.52% | -1.13% | 2.20% | 2.94% | 1.05% | -3.21% | -19.10% | -11.87% | ||||||||||||||||||||||||||||||||||||||||||||
| Dividend Coverage Ratio (QoQ)Div. Cover (QoQ) | -4.64% | -9.05% | 1.88% | -34.97% | 64.08% | 11.03% | -9.63% | -10.70% | -7.64% | -24.89% | 14.07% | -18.14% | 23.12% | 31.42% | -14.15% | 1.17% | -0.13% | 0.45% | -55.37% | 54.41% | ||||||||||||||||||||||||||||||||||||||||||||
| EBITDA Margin Growth (1y) | 12,335.00 | 13,920.00 | 5,028.00 | -34619.00 | -37420.00 | -18852.00 | -21225.00 | 8,462.00 | 16,138.00 | -20171.00 | 1,197.00 | 14,329.00 | 7,500.00 | 29,858.00 | 10,633.00 | -2656.00 | 2,539.00 | 3,100.00 | -20715.00 | -13889.00 | ||||||||||||||||||||||||||||||||||||||||||||
| EBITDA Margin Growth (3y) | 711.00 | 1,741.00 | 13,592.00 | -17405.00 | -24323.00 | -18131.00 | -7899.00 | -18100.00 | -8947.00 | -25103.00 | -15000.00 | -11829.00 | -13781.00 | -9165.00 | -9394.00 | 20,134.00 | 26,178.00 | 12,788.00 | -8885.00 | -2216.00 | ||||||||||||||||||||||||||||||||||||||||||||
| EBITDA Margin Growth (5y) | -94099.00 | -99876.00 | -94604.00 | -123254.00 | -18378.00 | -9709.00 | -6634.00 | -10795.00 | -20570.00 | -37281.00 | -6436.00 | 5,385.00 | -684.00 | -8443.00 | 3,931.00 | -6427.00 | 1,092.00 | 7,856.00 | -25082.00 | -28374.00 | ||||||||||||||||||||||||||||||||||||||||||||
| EBITDA Margin (QoQ) | -5610.00 | -5565.00 | 5,292.00 | -28737.00 | -8410.00 | 13,003.00 | 2,920.00 | 949.00 | -734.00 | -23306.00 | 24,288.00 | 14,081.00 | -7562.00 | -948.00 | 5,063.00 | 792.00 | -2367.00 | -387.00 | -18753.00 | 7,618.00 | ||||||||||||||||||||||||||||||||||||||||||||
| EBIT Margin Growth (1y) | 12,335.00 | 13,920.00 | 5,028.00 | -34619.00 | -37420.00 | -18852.00 | -21225.00 | 8,462.00 | 16,138.00 | -20171.00 | 1,197.00 | 14,329.00 | 7,500.00 | 29,858.00 | 10,633.00 | -2656.00 | 2,539.00 | 3,100.00 | -20715.00 | -13889.00 | ||||||||||||||||||||||||||||||||||||||||||||
| EBIT Margin Growth (3y) | 711.00 | 1,741.00 | 13,592.00 | -17405.00 | -24323.00 | -18131.00 | -7899.00 | -18100.00 | -8947.00 | -25103.00 | -15000.00 | -11829.00 | -13781.00 | -9165.00 | -9394.00 | 20,134.00 | 26,178.00 | 12,788.00 | -8885.00 | -2216.00 | ||||||||||||||||||||||||||||||||||||||||||||
| EBIT Margin Growth (5y) | -94099.00 | -99876.00 | -94604.00 | -123254.00 | -18378.00 | -9709.00 | -6634.00 | -10795.00 | -20570.00 | -37281.00 | -6436.00 | 5,385.00 | -684.00 | -8443.00 | 3,931.00 | -6427.00 | 1,092.00 | 7,856.00 | -25082.00 | -28374.00 | ||||||||||||||||||||||||||||||||||||||||||||
| EBIT Margin (QoQ) | -5610.00 | -5565.00 | 5,292.00 | -28737.00 | -8410.00 | 13,003.00 | 2,920.00 | 949.00 | -734.00 | -23306.00 | 24,288.00 | 14,081.00 | -7562.00 | -948.00 | 5,063.00 | 792.00 | -2367.00 | -387.00 | -18753.00 | 7,618.00 | ||||||||||||||||||||||||||||||||||||||||||||
| EBT Margin Growth (1y) | 13,322.00 | -7169.00 | -14794.00 | -31939.00 | 17,746.00 | 33,935.00 | 19,724.00 | 35,844.00 | -19879.00 | -50225.00 | -29111.00 | -41743.00 | -15874.00 | 27,458.00 | 6,345.00 | 23,890.00 | 7,081.00 | -17041.00 | -45402.00 | -24196.00 | ||||||||||||||||||||||||||||||||||||||||||||
| EBT Margin Growth (3y) | -4154.00 | -9148.00 | -13634.00 | -34017.00 | 31,284.00 | 22,272.00 | 32,820.00 | 29,898.00 | 11,190.00 | -23458.00 | -24182.00 | -37838.00 | -18006.00 | 11,169.00 | -3043.00 | 17,991.00 | -28672.00 | -39807.00 | -68169.00 | -42049.00 | ||||||||||||||||||||||||||||||||||||||||||||
| EBT Margin Growth (5y) | 80,275.00 | 73,213.00 | 72,173.00 | 51,904.00 | 37,818.00 | 33,040.00 | 5,278.00 | -2880.00 | -6286.00 | -25437.00 | -23022.00 | -39915.00 | -4469.00 | -495.00 | 10,053.00 | 12,045.00 | 2,397.00 | -13041.00 | -63240.00 | -38144.00 | ||||||||||||||||||||||||||||||||||||||||||||
| EBT Margin (QoQ) | -3585.00 | -6843.00 | -1083.00 | -20428.00 | 46,101.00 | 9,346.00 | -15295.00 | -4307.00 | -9622.00 | -21000.00 | 5,818.00 | -16939.00 | 16,247.00 | 22,332.00 | -15295.00 | 606.00 | -562.00 | -1789.00 | -43657.00 | 21,813.00 | ||||||||||||||||||||||||||||||||||||||||||||
| FCF Margin Growth (1y) | 40,194.00 | -19156.00 | -13737.00 | 1,979.00 | -21613.00 | 110,085.00 | 42,938.00 | -25850.00 | 31,904.00 | -100823.00 | -39668.00 | 38,955.00 | -10496.00 | -7388.00 | -387.00 | -10638.00 | 8,025.00 | 10,065.00 | -11396.00 | 30,563.00 | ||||||||||||||||||||||||||||||||||||||||||||
| FCF Margin Growth (3y) | -6544.00 | -3883.00 | -33449.00 | 1,173.00 | -18923.00 | 122,430.00 | -8020.00 | -38402.00 | 50,485.00 | -9895.00 | -10467.00 | 15,084.00 | -205.00 | 1,874.00 | 2,883.00 | 2,467.00 | 29,433.00 | -98146.00 | -51451.00 | 58,880.00 | ||||||||||||||||||||||||||||||||||||||||||||
| FCF Margin Growth (5y) | 83,874.00 | 72,953.00 | 63,838.00 | 55,595.00 | 25,362.00 | 93,065.00 | 46,545.00 | -68221.00 | 3,748.00 | 5,379.00 | -30179.00 | 14,279.00 | 2,486.00 | 14,219.00 | -48075.00 | -10086.00 | 48,014.00 | -7217.00 | -22250.00 | 35,009.00 | ||||||||||||||||||||||||||||||||||||||||||||
| FCF Margin (QoQ) | 33,995.00 | -14299.00 | -7534.00 | -10182.00 | 10,403.00 | 117,399.00 | -74682.00 | -78970.00 | 68,157.00 | -15329.00 | -13526.00 | -347.00 | 18,706.00 | -12220.00 | -6525.00 | -10599.00 | 37,369.00 | -10180.00 | -27987.00 | 31,361.00 | ||||||||||||||||||||||||||||||||||||||||||||
| FCF Payout Ratio Growth (1y)FCF Cover Growth (1y) | -50.29% | 22.44% | 16.15% | 13.84% | 62.33% | -52.97% | -29.90% | 88.53% | -34.00% | 127.14% | 57.23% | -59.41% | 5.41% | -2.18% | -3.06% | 19.35% | -11.06% | -14.96% | 17.30% | -31.92% | ||||||||||||||||||||||||||||||||||||||||||||
| FCF Payout Ratio Growth (3y)FCF Cover Growth (3y) | 5.63% | 5.40% | 13.87% | 0.69% | 16.65% | -27.64% | 2.97% | 34.93% | -18.94% | 9.36% | 8.58% | -4.50% | 4.14% | 1.48% | 2.23% | -2.98% | -14.78% | 23.63% | 21.37% | -30.91% | ||||||||||||||||||||||||||||||||||||||||||||
| FCF Payout Ratio Growth (5y)FCF Cover Growth (5y) | 14.60% | 1.49% | 12.14% | 3.79% | -1.18% | -6.30% | -5.40% | 30.08% | 4.78% | 4.58% | 10.23% | -4.82% | 2.01% | -3.38% | 10.72% | 3.54% | -12.97% | 1.70% | 7.80% | -6.68% | ||||||||||||||||||||||||||||||||||||||||||||
| FCF Payout Ratio (QoQ)FCF Cover (QoQ) | -36.54% | 22.73% | 7.05% | 36.55% | -9.52% | -64.44% | 59.57% | 267.23% | -68.32% | 22.37% | 10.45% | -5.20% | -17.73% | 13.56% | 9.46% | 16.71% | -38.69% | 8.57% | 50.99% | -32.26% | ||||||||||||||||||||||||||||||||||||||||||||
| Gross Margin Growth (1y) | -61.00 | 221.00 | 746.00 | -345.00 | -1045.00 | -1609.00 | -661.00 | 428.00 | 354.00 | 768.00 | 204.00 | -599.00 | 817.00 | 461.00 | -104.00 | -252.00 | -223.00 | 447.00 | -74.00 | -198.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Gross Margin Growth (3y) | -116.00 | -593.00 | 1,104.00 | 3,223.00 | -1144.00 | -1845.00 | 746.00 | 2,021.00 | -752.00 | -620.00 | 289.00 | -515.00 | 126.00 | -380.00 | -561.00 | -423.00 | 949.00 | 1,676.00 | 26.00 | -1049.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Gross Margin Growth (5y) | -1301.00 | -1522.00 | 186.00 | 1,515.00 | -806.00 | -1434.00 | 647.00 | 3,053.00 | 27.00 | -616.00 | 846.00 | 1,170.00 | -158.00 | 287.00 | 111.00 | -965.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Gross Margin (QoQ) | -786.00 | -320.00 | 1,596.00 | -835.00 | -1486.00 | -884.00 | 2,544.00 | 255.00 | -1560.00 | -470.00 | 1,980.00 | -548.00 | -145.00 | -826.00 | 1,415.00 | -696.00 | -115.00 | -157.00 | 894.00 | -820.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Interest Coverage Ratio Growth (1y)Interest Cover Growth (1y) | -64.64% | -23.59% | -39.79% | -4.45% | 46.56% | 73.64% | 84.54% | 85.90% | 76.82% | 52.55% | 40.96% | 23.89% | 13.24% | 6.66% | -12.31% | -14.64% | -10.67% | -4.71% | -29.59% | -18.24% | ||||||||||||||||||||||||||||||||||||||||||||
| Interest Coverage Ratio Growth (3y)Interest Cover Growth (3y) | -39.10% | -44.24% | -60.34% | -53.74% | -22.87% | 1.70% | 16.18% | 33.20% | 41.13% | 46.33% | 49.66% | 51.78% | 52.45% | 51.13% | 53.20% | 50.26% | 39.39% | 22.59% | 4.93% | -1.04% | ||||||||||||||||||||||||||||||||||||||||||||
| Interest Coverage Ratio Growth (5y)Interest Cover Growth (5y) | -27.83% | -27.65% | -30.20% | -28.74% | 5.39% | 14.91% | 17.37% | 19.62% | 19.72% | 17.80% | 17.76% | 17.17% | 17.89% | 15.90% | 17.15% | 23.61% | 27.82% | 31.48% | 28.59% | 31.40% | ||||||||||||||||||||||||||||||||||||||||||||
| Interest Coverage Ratio (QoQ)Interest Cover (QoQ) | -6.56% | -3.59% | -17.48% | 19.46% | 45.48% | 48.91% | 31.09% | 26.54% | 10.36% | -4.57% | 14.27% | 5.30% | -2.19% | -12.50% | -3.16% | 3.34% | 1.35% | -6.44% | -27.68% | 11.81% | ||||||||||||||||||||||||||||||||||||||||||||
| Net Margin Growth (1y) | 10,507.00 | -4766.00 | -10765.00 | -23886.00 | 15,861.00 | 26,272.00 | 14,642.00 | 27,204.00 | -17546.00 | -39102.00 | -23015.00 | -32589.00 | -12943.00 | 19,114.00 | 5,585.00 | 19,115.00 | 5,958.00 | -12037.00 | -35133.00 | -18679.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Net Margin Growth (3y) | -1391.00 | -8183.00 | -9921.00 | -25419.00 | 27,449.00 | 17,934.00 | 23,660.00 | 23,186.00 | 8,823.00 | -17596.00 | -19138.00 | -29271.00 | -14628.00 | 6,283.00 | -2788.00 | 13,730.00 | -24531.00 | -32025.00 | -52564.00 | -32153.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Net Margin Growth (5y) | 68,951.00 | 64,446.00 | 63,208.00 | 47,133.00 | 39,346.00 | 45,579.00 | 4,126.00 | -1372.00 | -3076.00 | -21014.00 | -18294.00 | -30803.00 | -3040.00 | -2054.00 | 6,229.00 | 9,712.00 | 1,837.00 | -10519.00 | -48686.00 | -28835.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Net Margin (QoQ) | -2204.00 | -4338.00 | -1173.00 | -16172.00 | 37,544.00 | 6,073.00 | -12802.00 | -3610.00 | -7207.00 | -15483.00 | 3,285.00 | -13183.00 | 12,439.00 | 16,573.00 | -10244.00 | 346.00 | -718.00 | -1421.00 | -33340.00 | 16,801.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Operating Margin Growth (1y) | 12,335.00 | 13,920.00 | 5,028.00 | -34619.00 | -37420.00 | -18852.00 | -21225.00 | 8,462.00 | 16,138.00 | -20171.00 | 1,197.00 | 14,329.00 | 7,500.00 | 29,858.00 | 10,633.00 | -2656.00 | 2,539.00 | 3,100.00 | -20715.00 | -13889.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Operating Margin Growth (3y) | 711.00 | 1,741.00 | 13,592.00 | -17405.00 | -24323.00 | -18131.00 | -7899.00 | -18100.00 | -8947.00 | -25103.00 | -15000.00 | -11829.00 | -13781.00 | -9165.00 | -9394.00 | 20,134.00 | 26,178.00 | 12,788.00 | -8885.00 | -2216.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Operating Margin Growth (5y) | -18378.00 | -9709.00 | -6634.00 | -10795.00 | -20570.00 | -37281.00 | -6436.00 | 5,385.00 | -684.00 | -8443.00 | 3,931.00 | -6427.00 | 1,092.00 | 7,856.00 | -25082.00 | -28374.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Margin (QoQ) | -5610.00 | -5565.00 | 5,292.00 | -28737.00 | -8410.00 | 13,003.00 | 2,920.00 | 949.00 | -734.00 | -23306.00 | 24,288.00 | 14,081.00 | -7562.00 | -948.00 | 5,063.00 | 792.00 | -2367.00 | -387.00 | -18753.00 | 7,618.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Return on Assets [ROA] Growth (1y)ROA Growth (1y) | 26.00 | 28.00 | 18.00 | -13.00 | -23.00 | -10.00 | -1.00 | 30.00 | 28.00 | -1.00 | -18.00 | -42.00 | -42.00 | -13.00 | 1.00 | 20.00 | 27.00 | 10.00 | -14.00 | -34.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Return on Assets [ROA] Growth (3y)ROA Growth (3y) | -10.00 | -27.00 | -28.00 | -42.00 | -25.00 | -8.00 | 4.00 | 29.00 | 30.00 | 16.00 | -1.00 | -24.00 | -37.00 | -25.00 | -19.00 | 9.00 | 13.00 | -5.00 | -32.00 | -56.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Return on Assets [ROA] Growth (5y)ROA Growth (5y) | 31.00 | 21.00 | 13.00 | -7.00 | 1.00 | 20.00 | 15.00 | 13.00 | -5.00 | -39.00 | -47.00 | -53.00 | -39.00 | -23.00 | -14.00 | 7.00 | 15.00 | 13.00 | -15.00 | -38.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Return on Assets [ROA] (QoQ)ROA (QoQ) | 9.00 | -1.00 | -2.00 | -19.00 | -1.00 | 12.00 | 7.00 | 12.00 | -3.00 | -17.00 | -10.00 | -11.00 | -4.00 | 12.00 | 4.00 | 8.00 | 3.00 | -5.00 | -20.00 | -11.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Return on Invested Capital [ROIC] Growth (1y)ROIC Growth (1y) | -57.00 | -29.00 | -80.00 | -97.00 | -87.00 | -87.00 | -26.00 | 51.00 | 38.00 | -19.00 | -46.00 | -72.00 | -9.00 | 113.00 | 161.00 | 175.00 | 109.00 | 23.00 | -11.00 | 12.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Return on Invested Capital [ROIC] Growth (3y)ROIC Growth (3y) | -93.00 | 8.00 | -38.00 | -125.00 | -140.00 | -149.00 | -119.00 | -91.00 | -106.00 | -136.00 | -152.00 | -118.00 | -58.00 | 6.00 | 89.00 | 154.00 | 138.00 | 116.00 | 105.00 | 116.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Return on Invested Capital [ROIC] Growth (5y)ROIC Growth (5y) | -1782.00 | -1827.00 | -1896.00 | -1939.00 | -1376.00 | -945.00 | -551.00 | -137.00 | -142.00 | -98.00 | -111.00 | -146.00 | -111.00 | -56.00 | -3.00 | 12.00 | -6.00 | 0.00 | -1.00 | 69.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Return on Invested Capital [ROIC] (QoQ)ROIC (QoQ) | -11.00 | 8.00 | -45.00 | -49.00 | -1.00 | 8.00 | 15.00 | 29.00 | -14.00 | -50.00 | -11.00 | 2.00 | 49.00 | 72.00 | 37.00 | 17.00 | -18.00 | -14.00 | 4.00 | 40.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Return on Sales [ROS] Growth (1y)ROS Growth (1y) | 12,335.00 | 13,920.00 | 5,028.00 | -34619.00 | -37420.00 | -18852.00 | -21225.00 | 8,462.00 | 16,138.00 | -20171.00 | 1,197.00 | 14,329.00 | 7,500.00 | 29,858.00 | 10,633.00 | -2656.00 | 2,539.00 | 3,100.00 | -20715.00 | -13889.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Return on Sales [ROS] Growth (3y)ROS Growth (3y) | 711.00 | 1,741.00 | 13,592.00 | -17405.00 | -24323.00 | -18131.00 | -7899.00 | -18100.00 | -8947.00 | -25103.00 | -15000.00 | -11829.00 | -13781.00 | -9165.00 | -9394.00 | 20,134.00 | 26,178.00 | 12,788.00 | -8885.00 | -2216.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Return on Sales [ROS] Growth (5y)ROS Growth (5y) | -94099.00 | -99876.00 | -94604.00 | -123254.00 | -18378.00 | -9709.00 | -6634.00 | -10795.00 | -20570.00 | -37281.00 | -6436.00 | 5,385.00 | -684.00 | -8443.00 | 3,931.00 | -6427.00 | 1,092.00 | 7,856.00 | -25082.00 | -28374.00 | ||||||||||||||||||||||||||||||||||||||||||||
| Return on Sales [ROS] (QoQ)ROS (QoQ) | -5610.00 | -5565.00 | 5,292.00 | -28737.00 | -8410.00 | 13,003.00 | 2,920.00 | 949.00 | -734.00 | -23306.00 | 24,288.00 | 14,081.00 | -7562.00 | -948.00 | 5,063.00 | 792.00 | -2367.00 | -387.00 | -18753.00 | 7,618.00 |