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). Read FRME total debt and obligations for a breakdown of total debt and financial obligations.
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 capital reinvestment ratio of First Merchants Corporation to see what proportion of operating cash flow is directed to capital expenditures.
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 First Merchants Corporation market cap and net 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 | — |