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First Horizon FHN Free cash flow margin

Free cash flow margin at other companies

Citizens Financial Group logo
Citizens Financial GroupCFG
33.7%+7.3pp
First Citizens BancShares logo
First Citizens BancSharesFCNCA
23.5%+0.8pp
Old National Bancorp logo
Old National BancorpONB
26.6%-4.4pp
Huntington Bancshares logo
Huntington BancsharesHBAN
24.4%+0.6pp
Webster Financial Corporation logo
Webster Financial CorporationWBS
41%-5.3pp
Fifth Third Bank logo
Fifth Third BankFITB
16.1%

Other financials

Income statement

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Revenue$862.0M+6.2%
Net income$262.0M+20.2%
EPS (diluted)$0.53+29.3%

Balance sheet

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Cash & equivalents$1.9B
Total debt$5.5B0.0%
Total equity$9.2B+4.8%
Total assets$84.1B+3.2%

Cash flow

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Operating cash flow$278.0M-20.3%
CapEx$8.0M-11.1%
Free cash flow$270.0M-20.6%

Valuation

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Market cap$11.78B+8.9%
P/E11.5×-2.0×
P/S3.4×0.0×

Profitability

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Net margin29.6%+4.4pp

Returns & leverage

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Return on equity11.5%+2.4pp
Debt / equity0.6×0.0×

Where this comes from

Calculated from First Horizon’s reported figures.

Based on trailing twelve months.

The official record: First Horizon’s 10-Q, filed August 7, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Horizon's free cash flow margin?
First Horizon (FHN) reported free cash flow margin of 30.4% in Q2 2025.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.