Where do First Merchants Corporation's ratios come from?

Every ratio is computed from First Merchants Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	FY'25	FY'24	FY'23	FY'22
Profitability
Net margin	34.1%+2.9pp	31.1%-3.2pp	34.4%-1.0pp	35.4%-5.4pp
Returns
Return on equity	9.5%+0.6pp	8.8%-1.6pp	10.5%-0.8pp	11.3%+0.1pp
Return on assets	1.2%+0.1pp	1.1%-0.1pp	1.2%-0.1pp	1.3%-0.1pp
Efficiency
Asset turnover	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Leverage
Debt-to-equity	0.4×-0.1×	0.5×0.0×	0.5×-0.2×	0.7×+0.3×
Debt-to-assets	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Per Share
Book value per share	$42.73+8.5%	$39.38+4.2%	$37.78+7.6%	$35.11—
Valuation
Market capitalization	$2.17B-7.4%	$2.34B+5.5%	$2.22B-9.4%	$2.45B+8.4%
Enterprise value	$3.1B-9.7%	$3.43B+8.8%	$3.16B-13.9%	$3.67B+33.5%
Price / earnings	9.6×-2.0×	11.6×+1.7×	9.9×-1.1×	11×+0.4×
Price / sales	3.3×-0.3×	3.6×+0.2×	3.4×-0.5×	3.9×-0.4×
Price / book	0.9×-0.1×	1×0.0×	1×-0.2×	1.2×0.0×
EV / sales	4.7×-0.6×	5.3×+0.5×	4.9×-1.0×	5.8×+0.6×
Earnings yield	10.4%+1.8pp	8.6%-1.5pp	10.1%+1.0pp	9.1%-0.3pp
Dividend yield	3.8%+0.3pp	3.5%-0.1pp	3.6%+0.6pp	3%+0.3pp
PEG ratio	0.8×—	——	13×+10.7×	2.3×+2.1×

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Where do First Merchants Corporation's ratios come from?: Every ratio is computed from First Merchants Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.