First Merchants Corporation (FRME) — Financial ratios
Profitability, liquidity, leverage, and valuation ratios for First Merchants Corporation, with annual and quarterly history.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| P/E Ratio | 9.57x | 11.55x | 9.83x | 10.68x | 10.96x | 13.61x |
| P/B Ratio | 0.88x | 1.01x | 0.98x | 1.17x | 1.18x | 1.08x |
| P/S Ratio | 2.06x | 2.21x | 2.20x | 3.33x | 4.05x | 3.62x |
| Profitability | ||||||
| Gross Margin | 61.0% | 56.1% | 64.8% | 85.8% | 93.5% | 77.6% |
| Operating Margin | 24.7% | 22.0% | 25.9% | 35.9% | 43.3% | 30.4% |
| Net Margin | 21.5% | 19.1% | 22.4% | 31.2% | 37.0% | 26.6% |
| EBITDA Margin | 27.5% | 24.5% | 27.1% | 37.5% | 45.2% | 32.4% |
| Liquidity | ||||||
| Current Ratio | 0.20x | 0.13x | 0.15x | 0.16x | 0.24x | 0.22x |
| Quick Ratio | 0.20x | 0.13x | 0.15x | 0.16x | 0.24x | 0.22x |
| Leverage | ||||||
| Debt/Equity | 0.41x | 0.50x | 0.46x | 0.65x | 0.33x | 0.37x |
YoY = year-over-year change. Source: FMP..