Cullen/Frost Bankers Inc (CFR) — Free Cash Flow Generation Index
Cullen/Frost Bankers Inc (CFR) has a Free Cash Flow Generation Index of 1.27x as of September 2025. Free cash flow of $315.80 Million represents 1% of operating cash flow ($248.58 Million). Explore Cullen/Frost Bankers Inc capital 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
Cullen/Frost Bankers Inc Free Cash Flow Generation Index (1990–2024)
Historical FCF Generation Index trend for Cullen/Frost Bankers Inc across 34 annual periods. For the full cash flow conversion analysis, see CFR cash generation efficiency.
Annual Free Cash Flow Generation for Cullen/Frost Bankers Inc (1990–2024)
Year-by-year Free Cash Flow Generation Index for Cullen/Frost Bankers Inc. Check Cullen/Frost Bankers Inc cash flow 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 |
|---|---|---|---|---|---|
| 2024 | 0.87x | $861.76 Million | $989.53 Million | $127.78 Million | ▲ +30.2% |
| 2023 | 0.67x | $320.21 Million | $478.85 Million | $158.63 Million | ▼ -22.1% |
| 2022 | 0.86x | $620.08 Million | $722.58 Million | $102.50 Million | ▼ -4.5% |
| 2021 | 0.90x | $582.44 Million | $648.29 Million | $65.85 Million | ▲ +9.8% |
| 2020 | 0.82x | $428.82 Million | $524.24 Million | $95.42 Million | ▲ +21.4% |
| 2019 | 0.67x | $427.37 Million | $634.09 Million | $206.72 Million | ▼ -21.5% |
| 2018 | 0.86x | $483.12 Million | $562.39 Million | $79.27 Million | ▼ -8.3% |
| 2017 | 0.94x | $503.99 Million | $538.08 Million | $34.09 Million | ▲ +6.7% |
| 2016 | 0.88x | $384.19 Million | $437.84 Million | $53.65 Million | ▲ +39.9% |
| 2015 | 0.63x | $247.73 Million | $394.86 Million | $147.13 Million | ▲ +15.2% |
| 2014 | 0.54x | $157.88 Million | $289.85 Million | $131.97 Million | ▼ -29.4% |
| 2013 | 0.77x | $134.01 Million | $173.61 Million | $39.60 Million | ▼ -15.8% |
| 2012 | 0.92x | $275.11 Million | $300.00 Million | $24.89 Million | ▲ +1.6% |
| 2011 | 0.90x | $247.65 Million | $274.37 Million | $26.72 Million | ▼ -6.0% |
| 2010 | 0.96x | $407.71 Million | $424.53 Million | $16.83 Million | ▲ +34.4% |
| 2009 | 0.71x | $195.67 Million | $273.93 Million | $78.26 Million | ▲ +0.3% |
| 2008 | 0.71x | $166.90 Million | $234.37 Million | $67.47 Million | ▼ -20.5% |
| 2007 | 0.90x | $180.22 Million | $201.28 Million | $21.07 Million | ▲ +3.7% |
| 2005 | 0.86x | $114.34 Million | $132.44 Million | $18.10 Million | ▼ -1.9% |
| 2004 | 0.88x | $113.38 Million | $128.78 Million | $15.40 Million | ▼ -6.2% |
| 2003 | 0.94x | $189.85 Million | $202.36 Million | $12.51 Million | ▲ +10.4% |
| 2002 | 0.85x | $231.25 Million | $272.20 Million | $40.95 Million | ▲ +5.0% |
| 2001 | 0.81x | $74.04 Million | $91.52 Million | $17.48 Million | ▲ +0.3% |
| 2000 | 0.81x | $104.98 Million | $130.20 Million | $25.21 Million | ▼ -5.3% |
| 1999 | 0.85x | $116.30 Million | $136.60 Million | $20.30 Million | ▲ +1.7% |
| 1998 | 0.84x | $96.50 Million | $115.30 Million | $18.80 Million | ▲ +34.0% |
| 1997 | 0.62x | $30.10 Million | $48.20 Million | $18.10 Million | ▼ -13.3% |
| 1996 | 0.72x | $55.20 Million | $76.60 Million | $21.40 Million | ▼ -22.1% |
| 1995 | 0.93x | $79.50 Million | $85.90 Million | $6.40 Million | ▲ +42.0% |
| 1994 | 0.65x | $30.70 Million | $47.10 Million | $16.40 Million | ▼ -5.6% |
| 1993 | 0.69x | $29.70 Million | $43.00 Million | $13.30 Million | ▼ -12.2% |
| 1992 | 0.79x | $43.20 Million | $54.90 Million | $11.70 Million | ▲ +15.7% |
| 1991 | 0.68x | $22.10 Million | $32.50 Million | $10.40 Million | ▼ -21.8% |
| 1990 | 0.87x | $39.50 Million | $45.40 Million | $5.90 Million | — |