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FRMEP

Market Cap: $2.79B

FC

First Merchants Corporation

FRMEP

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Cashu

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By Cashu Markets. Providing market news, analysis, and research for investors worldwide.

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© 2026 Cashu Technologies Pty Ltd. All rights reserved. Cashu Markets is a trademark of Cashu Technologies Pty Ltd.

The content published on Cashu Markets is for informational purposes only and should not be construed as investment advice, a recommendation, or an offer to buy or sell any securities. All opinions expressed are those of the authors and do not reflect the official position of Cashu Technologies Pty Ltd or its affiliates. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.

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Financials

Profitability

Gross Profit Margin58.78%

EBITDA Margin20.99%

EBIT Margin18.91%

Pre-tax Margin18.91%

Net Profit Margin17.10%

Earnings Yield6.88%

Valuation Multiples

Price / Book1.00

Price / Sales2.50

Price / Earnings13.80

PEG-0.72

Forward PEG0.50

EV / Sales3.41

EV / EBITDA16.24

EV / Operating Cash Flow13.22

EV / Free Cash Flow13.22

Price / Free Cash Flow9.70

Price / Operating Cash Flow9.63

Cash Flow & Capital

Free Cash Flow / Share$4.48

Operating Cash Flow / Share$4.48

Free Cash Flow Yield10.31%

Capex / Revenue0.00%

Capex / Operating Cash Flow0.00%

Capex / Depreciation0.00

Stock Compensation / Revenue0.68%

Dividend Payout Ratio46.85%

Dividend Yield3.36%

Liquidity & Leverage

Current Ratio0.24

Quick Ratio0.24

Cash Ratio0.04

Debt / Assets0.08

Debt / Capital0.37

Debt / Equity0.59

Long-Term Debt / Capital0.36

Debt / Market Cap58.93%

Net Debt / EBITDA4.33

Solvency Ratio0.01

Financial Leverage7.92

Efficiency & Working Capital

Asset Turnover0.05

Fixed Asset Turnover7.34

Inventory Turnover0.00

Receivables Turnover10.67

Payables Turnover0.00

Days Sales Outstanding34.21

Days Inventory Outstanding0

Days Payables Outstanding0

Operating Cycle34.21

Cash Conversion Cycle34.21

Working Capital Turnover-0.19

Returns & Quality

Return on Equity7.26%

Return on Assets0.87%

Return on Invested Capital4.06%

ROCE4.60%

Return on Tangible Assets0.91%

Operating Return on Assets0.97%

Income Quality1.41

Tax Burden0.90

Interest Burden1.00

Balance Sheet & Intrinsic Metrics

Enterprise Value$3.71B

Invested Capital$-11.81B

Working Capital$-12.79B

Tangible Asset Value$1.87B

Net Current Asset Value$-14.56B

Graham Number$53.69

Graham Net-Net-$234.39

Book Value / Share$43.1

Tangible Book Value / Share$29.88

Cash / Share$62.46

Financial Health Scores

Piotroski Score5

Altman Z-Score0.34

Revenue$1.05B

EBIT$149.86M

Market Cap$2.79B

Working Capital$1.57B

Retained Earnings$1.44B

Total Assets$21.35B

Total Liabilities$18.65B