First Horizon Corporation (FHN) — Free Cash Flow Generation Index
First Horizon Corporation (FHN) has a Free Cash Flow Generation Index of 0.99x as of December 2025. Free cash flow of $731.00 Million represents 1% of operating cash flow ($738.00 Million). See FHN net working capital 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 Horizon Corporation Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for First Horizon Corporation across 29 annual periods. Explore First Horizon Corporation (FHN) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for First Horizon Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for First Horizon Corporation. For the full company profile including market capitalisation, see market cap of First Horizon Corporation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.97x | $955.00 Million | $988.00 Million | $33.00 Million | ▲ +0.1% |
| 2024 | 0.97x | $1.22 Billion | $1.27 Billion | $44.00 Million | ▼ -0.6% |
| 2023 | 0.97x | $1.26 Billion | $1.30 Billion | $37.00 Million | ▼ -1.7% |
| 2022 | 0.99x | $2.28 Billion | $2.31 Billion | $28.00 Million | ▲ +6.4% |
| 2021 | 0.93x | $688.00 Million | $741.00 Million | $53.00 Million | ▲ +40.1% |
| 2020 | 0.66x | $114.00 Million | $172.00 Million | $58.00 Million | ▼ -29.5% |
| 2019 | 0.94x | $781.13 Million | $830.29 Million | $49.16 Million | ▲ +18.3% |
| 2018 | 0.80x | $186.32 Million | $234.31 Million | $48.00 Million | ▲ +21.9% |
| 2016 | 0.65x | $117.44 Million | $179.99 Million | $62.55 Million | ▼ -26.8% |
| 2015 | 0.89x | $327.22 Million | $367.16 Million | $39.95 Million | ▼ -6.7% |
| 2014 | 0.96x | $673.33 Million | $704.71 Million | $31.40 Million | ▲ +2.0% |
| 2013 | 0.94x | $404.02 Million | $431.37 Million | $27.35 Million | ▼ -0.5% |
| 2012 | 0.94x | $349.69 Million | $371.55 Million | $21.86 Million | ▲ +383.2% |
| 2011 | 0.19x | $8.56 Million | $43.97 Million | $35.41 Million | ▼ -79.4% |
| 2010 | 0.94x | $725.44 Million | $768.07 Million | $42.63 Million | ▼ -2.9% |
| 2009 | 0.97x | $763.09 Million | $784.27 Million | $21.18 Million | ▼ -2.2% |
| 2008 | 0.99x | $4.25 Billion | $4.28 Billion | $23.67 Million | ▲ +41.3% |
| 2007 | 0.70x | $79.66 Million | $113.20 Million | $33.54 Million | ▼ -25.0% |
| 2006 | 0.94x | $1.53 Billion | $1.63 Billion | $100.21 Million | ▲ +16.1% |
| 2005 | 0.81x | $403.07 Million | $498.73 Million | $95.66 Million | ▼ -13.8% |
| 2003 | 0.94x | $2.23 Billion | $2.38 Billion | $149.60 Million | ▲ +3.2% |
| 2000 | 0.91x | $443.21 Million | $488.23 Million | $44.88 Million | ▼ -3.8% |
| 1999 | 0.94x | $1.88 Billion | $2.00 Billion | $106.40 Million | ▲ +52.0% |
| 1996 | 0.62x | $61.30 Million | $98.80 Million | $37.50 Million | ▼ -35.1% |
| 1994 | 0.96x | $831.10 Million | $869.60 Million | $38.50 Million | ▲ +10.5% |
| 1992 | 0.86x | $104.40 Million | $120.70 Million | $16.30 Million | ▲ +4.5% |
| 1991 | 0.83x | $96.10 Million | $116.10 Million | $20.00 Million | ▼ -6.4% |
| 1990 | 0.88x | $164.20 Million | $185.60 Million | $21.40 Million | ▲ +11.6% |
| 1989 | 0.79x | $68.70 Million | $86.70 Million | $18.00 Million | — |