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). Explore First Merchants Corporation (FRME) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see FRME cash flow conversion.
Annual Free Cash Flow Generation for First Merchants Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for First Merchants Corporation. Check First Merchants Corporation investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |