First Merchants Corporation Depository Shares (FRMEP) — Cash Flow Quality Index
First Merchants Corporation Depository Shares (FRMEP) has a Cash Flow Quality Index of 2.08x as of March 2026. Operating cash flow of $58.59 Million exceeds net income of $28.16 Million, indicating high earnings quality where cash backs reported profits. Explore cash efficiency ratio of First Merchants Corporation Depository S to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
First Merchants Corporation Depository Shares Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for First Merchants Corporation Depository Shares across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check First Merchants Corporation Depository S investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for First Merchants Corporation Depository Shares (1989–2025)
Year-by-year earnings quality comparison for First Merchants Corporation Depository Shares. For live market cap and the full company financial profile, see market cap of First Merchants Corporation Depository S.
| 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 | — |