First Merchants Corporation (FRME) — Free Cash Flow Generation Index
First Merchants Corporation (FRME) has a Free Cash Flow Generation Index of 1.00x as of December 2025. Free cash flow of $80.71 Million represents 1% of operating cash flow ($80.71 Million). See First Merchants Corporation (FRME) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
First Merchants Corporation Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for First Merchants Corporation across 37 annual periods. Explore FRME operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for First Merchants Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for First Merchants Corporation. For the full company profile including market capitalisation, see how much is First Merchants Corporation worth.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.00x | $283.65 Million | $283.65 Million | $0.00 | ▲ +0.0% |
| 2024 | 1.00x | $266.21 Million | $266.21 Million | $0.00 | ▲ +0.0% |
| 2023 | 1.00x | $258.83 Million | $258.83 Million | $0.00 | ▲ +0.0% |
| 2022 | 1.00x | $268.05 Million | $268.05 Million | $0.00 | ▲ +44.9% |
| 2021 | 0.69x | $143.11 Million | $207.38 Million | $64.27 Million | ▼ -31.0% |
| 2020 | 1.00x | $204.81 Million | $204.81 Million | $0.00 | ▲ +233.1% |
| 2019 | -0.75x | $-134.03 Million | $178.41 Million | $312.44 Million | ▼ -175.1% |
| 2018 | 1.00x | $180.24 Million | $180.24 Million | $9.12 Million | ▲ +0.0% |
| 2017 | 1.00x | $126.50 Million | $126.50 Million | $432.06 Million | ▲ +0.0% |
| 2016 | 1.00x | $103.72 Million | $103.72 Million | $9.97 Million | ▲ +0.0% |
| 2015 | 1.00x | $56.66 Million | $56.66 Million | $325.37 Million | ▲ +0.0% |
| 2014 | 1.00x | $75.84 Million | $75.84 Million | $146.03 Million | ▲ +0.0% |
| 2013 | 1.00x | $183.13 Million | $183.13 Million | $53.89 Million | ▲ +0.0% |
| 2012 | 1.00x | $70.27 Million | $70.27 Million | $108.63 Million | ▲ +0.0% |
| 2011 | 1.00x | $85.48 Million | $85.48 Million | $13.61 Million | ▲ +0.0% |
| 2010 | 1.00x | $81.05 Million | $81.05 Million | $0.00 | ▲ +0.0% |
| 2009 | 1.00x | $17.61 Million | $17.61 Million | $0.00 | ▲ +0.0% |
| 2008 | 1.00x | $39.01 Million | $39.01 Million | $0.00 | ▲ +0.0% |
| 2007 | 1.00x | $49.61 Million | $49.61 Million | $0.00 | ▲ +0.0% |
| 2006 | 1.00x | $36.28 Million | $36.28 Million | $0.00 | ▲ +0.0% |
| 2005 | 1.00x | $46.49 Million | $46.49 Million | $0.00 | ▲ +0.0% |
| 2004 | 1.00x | $39.95 Million | $39.95 Million | $0.00 | ▲ +0.0% |
| 2003 | 1.00x | $65.67 Million | $65.67 Million | $0.00 | ▲ +37.8% |
| 2002 | 0.73x | $12.84 Million | $17.70 Million | $4.85 Million | ▼ -21.3% |
| 2001 | 0.92x | $28.77 Million | $31.21 Million | $2.44 Million | ▲ +8.2% |
| 2000 | 0.85x | $25.38 Million | $29.79 Million | $4.41 Million | ▼ -0.5% |
| 1999 | 0.86x | $22.00 Million | $25.70 Million | $3.70 Million | ▲ +17.0% |
| 1998 | 0.73x | $14.20 Million | $19.40 Million | $5.20 Million | ▼ -15.4% |
| 1997 | 0.87x | $16.70 Million | $19.30 Million | $2.60 Million | ▼ -1.1% |
| 1996 | 0.88x | $14.70 Million | $16.80 Million | $2.10 Million | ▲ +6.4% |
| 1995 | 0.82x | $9.70 Million | $11.80 Million | $2.10 Million | ▼ -9.1% |
| 1994 | 0.90x | $11.30 Million | $12.50 Million | $1.20 Million | ▲ +17.4% |
| 1993 | 0.77x | $8.70 Million | $11.30 Million | $2.60 Million | ▼ -11.4% |
| 1992 | 0.87x | $9.30 Million | $10.70 Million | $1.40 Million | ▼ -1.7% |
| 1991 | 0.88x | $8.40 Million | $9.50 Million | $1.10 Million | ▼ -5.5% |
| 1990 | 0.94x | $7.30 Million | $7.80 Million | $500.00K | ▲ +3.1% |
| 1989 | 0.91x | $6.90 Million | $7.60 Million | $700.00K | — |