First Merchants Corporation Depository Shares Cash Flow Quality Index
First Merchants Corporation Depository Shares cash flow quality index. First Merchants Corporation Depository Shares (FRMEP) has a Cash Flow Quality Index of 2.00x as of June 2026. Operating cash flow of $88.04 Million exceeds net income of $43.98 Million, indicating high earnings quality where cash backs reported profits. See how financially flexible is First Merchants Corporation Depository S to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of First Merchants Corporation Depository Shares (1989–2025)
Cash flow quality index of First Merchants Corporation Depository Shares from 1989 to 2025. Historical Cash Flow Quality Index for First Merchants Corporation Depository Shares across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore First Merchants Corporation Depository S cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
First Merchants Corporation Depository Shares Cash Flow Quality Index by Year (1989–2025)
First Merchants Corporation Depository Shares cash flow quality index by year from 1989 to 2025. Year-by-year earnings quality comparison for First Merchants Corporation Depository Shares. For the full cash flow conversion analysis, see First Merchants Corporation Depository S cash flow conversion.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.26x | $283.65 Million | $226.00 Million | ▼ -5.0% |
| 2024 | 1.32x | $266.21 Million | $201.40 Million | ▲ +14.3% |
| 2023 | 1.16x | $258.83 Million | $223.79 Million | ▼ -4.2% |
| 2022 | 1.21x | $268.05 Million | $222.09 Million | ▲ +19.6% |
| 2021 | 1.01x | $207.38 Million | $205.53 Million | ▼ -26.8% |
| 2020 | 1.38x | $204.81 Million | $148.60 Million | ▲ +27.1% |
| 2019 | 1.08x | $178.41 Million | $164.46 Million | ▼ -4.2% |
| 2018 | 1.13x | $180.24 Million | $159.14 Million | ▼ -14.0% |
| 2017 | 1.32x | $126.50 Million | $96.07 Million | ▲ +2.9% |
| 2016 | 1.28x | $103.72 Million | $81.05 Million | ▲ +47.7% |
| 2015 | 0.87x | $56.66 Million | $65.38 Million | ▼ -31.3% |
| 2014 | 1.26x | $75.84 Million | $60.16 Million | ▼ -69.3% |
| 2013 | 4.11x | $183.13 Million | $44.53 Million | ▲ +164.1% |
| 2012 | 1.56x | $70.27 Million | $45.12 Million | ▼ -54.0% |
| 2011 | 3.39x | $85.48 Million | $25.25 Million | ▼ -71.1% |
| 2010 | 11.73x | $81.05 Million | $6.91 Million | ▲ +520.6% |
| 2008 | 1.89x | $39.01 Million | $20.64 Million | ▲ +20.5% |
| 2007 | 1.57x | $49.61 Million | $31.64 Million | ▲ +30.5% |
| 2006 | 1.20x | $36.28 Million | $30.20 Million | ▼ -21.9% |
| 2005 | 1.54x | $46.49 Million | $30.24 Million | ▲ +13.2% |
| 2004 | 1.36x | $39.95 Million | $29.41 Million | ▼ -43.0% |
| 2003 | 2.38x | $65.67 Million | $27.57 Million | ▲ +274.7% |
| 2002 | 0.64x | $17.70 Million | $27.84 Million | ▼ -54.8% |
| 2001 | 1.41x | $31.21 Million | $22.21 Million | ▼ -5.9% |
| 2000 | 1.49x | $29.79 Million | $19.94 Million | ▲ +11.0% |
| 1999 | 1.35x | $25.70 Million | $19.10 Million | ▲ +24.2% |
| 1998 | 1.08x | $19.40 Million | $17.90 Million | ▼ -7.3% |
| 1997 | 1.17x | $19.30 Million | $16.50 Million | ▼ -8.8% |
| 1996 | 1.28x | $16.80 Million | $13.10 Million | ▲ +7.6% |
| 1995 | 1.19x | $11.80 Million | $9.90 Million | ▼ -12.3% |
| 1994 | 1.36x | $12.50 Million | $9.20 Million | ▲ +2.2% |
| 1993 | 1.33x | $11.30 Million | $8.50 Million | ▼ -3.1% |
| 1992 | 1.37x | $10.70 Million | $7.80 Million | ▼ -1.8% |
| 1991 | 1.40x | $9.50 Million | $6.80 Million | ▲ +7.5% |
| 1990 | 1.30x | $7.80 Million | $6.00 Million | ▼ -2.5% |
| 1989 | 1.33x | $7.60 Million | $5.70 Million | — |