Market Valuation & Earnings Multiples
Market capitalization, P/E ratios, and enterprise value
Market Cap2.56B
Enterprise Value2.63B
Trailing P/E12.95
Forward P/E13.00
FRME
(NASDAQ)First Merchants Corporation
$41.91-- (--)
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First Merchants (FRME) Key Statistics & Financial Metrics
Complete stock analysis with 40+ metrics: valuation ratios, profitability margins, financial health indicators, and dividend data.
Stock Valuation Metrics
Market value, earnings multiples, and pricing ratios
Price-Based Ratios
Valuation ratios based on stock price
Price/Sales (ttm)3.96
Forward Price/Sales3.78
Price/Book (mrq)0.96
Price/Tangible Book (mrq)1.38
Price/FCF (ttm)9.11
Price/OCF (ttm)9.11
Enterprise Value Ratios
EV-based valuation multiples
EV/Revenue4.08
EV/Earnings13.32
EV/EBITDA121.82
EV/FCF9.37
Stock Price
Current price, 52-week range, and moving averages
Current Price$41.91
1-Day Change1.75%
52-Week High$43.22
52-Week Low$34.66
52-Week Change13.00%
YTD Change11.76%
1-Year Change12.51%
50-Day MA$40.38
200-Day MA$38.84
Avg Volume (30 day)338.45K
Share Statistics
Outstanding shares, float, and per-share metrics
Shares Outstanding61.01M
Book Value per Share$43.81
Net Cash per Share$-1.19
FCF per Share$4.60
Analyst Price Targets & Consensus
Wall Street analyst ratings and 12-month price targets (90 days)
Analyst ConsensusBuy
Analyst Count1
Profitability & Financial Performance
Profit margins, return metrics, and earnings analysis
Profit Margins
Profitability margins across income statement
Gross Margin98.60%
EBITDA Margin (ttm)3.35%
Operating Margin (ttm)34.57%
Pretax Margin (ttm)34.57%
Profit Margin (ttm)30.61%
FCF Margin (ttm)43.50%
Return on Investment Metrics
ROE, ROA, ROIC, and capital efficiency ratios
Return on Equity (ttm)7.39%
Return on Assets (ttm)0.94%
Income Statement (TTM)
Trailing twelve months revenue and earnings
Revenue644.96M
Gross Profit635.94M
Operating Income222.99M
Pretax Income222.99M
Net Income197.41M
EBITDA21.58M
Diluted EPS$3.38
Cash Flow (TTM)
Operating cash flow and free cash flow metrics
Operating Cash Flow280.54M
Free Cash Flow280.54M
Growth Rates (YoY)
Year-over-year growth metrics
Revenue Growth17.71%
Dividend Growth2.84%
Financial Health & Dividends
Balance sheet analysis, debt ratios, and dividend metrics
Assets & Cash
Total assets and cash positions
Total Assets (mrq)21.07B
Cash & Securities (mrq)273.44M
Net Cash (mrq)-72.37M
Net Cash per Share$-1.19
Debt & Liabilities
Liabilities, debt, equity, and working capital
Total Debt (mrq)345.80M
Working Capital (mrq)1.31B
Total Equity (mrq)2.67B
Book Value per Share$43.81
Liquidity & Leverage
Liquidity, leverage, and debt coverage ratios
Current Ratio (mrq)6.04
Quick Ratio (mrq)6.04
Debt/Equity (mrq)0.13
Debt/EBITDA (ttm)16.02
Debt/FCF (ttm)1.23
Dividend History & Payout Analysis
Dividend yield, payout ratios, and growth metrics
Dividend per Share (TTM)$1.45
Dividend Yield3.46%
Payout Ratio (Earnings)42.91%
Payout Ratio (FCF)31.53%
Dividend Growth (YoY)2.84%
Years of Dividend Growth14
Ex-Dividend DateJun 5, 2026
Pay DateJun 19, 2026
Dividend FrequencyQuarterly
Yield Metrics
Earnings, FCF, buyback, and shareholder yields
Earnings Yield7.72%
FCF Yield10.97%
Buyback Yield2.37%
Total Shareholder Yield5.83%
Financial Health Scores
Risk assessment and quality metrics
Altman Z-Score-0.17
Piotroski F-Score8/9
Dividend Score82.00
Fair Value & Intrinsic Value
Lynch fair value, Graham number, and valuation models
Lynch Fair Value$61.72
Lynch Upside/Downside47.27%
Graham Number$57.71
Graham Upside/Downside37.71%
Frequently Asked Questions About First Merchants Statistics
What are the key financial metrics for FRME?
First Merchants Corporation (FRME) statistics include 40+ financial metrics organized into valuation ratios (P/E, P/S, P/B, PEG), profitability margins (gross, operating, net), return metrics (ROE, ROA, ROIC), and financial health indicators. These are updated regularly based on the latest filings and market data.
What is FRME's valuation analysis?
The valuation section covers market capitalization, earnings multiples like trailing and forward P/E, price-based ratios (P/S, P/B, Price/FCF), and enterprise value ratios (EV/EBITDA, EV/Revenue, EV/FCF). Compare these against sector averages to assess whether First Merchants is overvalued or undervalued.
How do I read FRME's profitability ratios?
First Merchants's profitability is measured through profit margins (gross, EBITDA, operating, net) and return metrics (ROE, ROA, ROIC, ROCE). Higher margins indicate better cost control, while higher returns show efficient capital deployment. The income statement and cash flow sections provide the underlying revenue and earnings data.
What do FRME's debt ratios indicate?
The financial health section shows First Merchants's leverage through debt-to-equity, debt-to-assets, debt-to-EBITDA, and debt-to-FCF ratios, plus liquidity via the current and quick ratios. Lower debt ratios and higher liquidity ratios generally indicate stronger financial stability and lower default risk.
What is FRME's dividend analysis?
The dividend section covers First Merchants's dividend yield, payout ratios (earnings-based and FCF-based), year-over-year dividend growth, years of consecutive growth, ex-dividend and pay dates, and payment frequency. The yield metrics section also includes earnings yield, FCF yield, buyback yield, and total shareholder yield.