First Merchants Corporation

NAS:FRMEPFinancial Services

$25.37−0.08%At closeAt close · Tue 20 Oct · ≈ AED 93.17 · Market cap $2.47B · Next earnings Wed 21 Oct

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	77.6%	93.5%	85.8%	64.8%	56.1%	61.0%	—	—
Operating margin	30.4%	43.3%	35.9%	25.9%	22.0%	24.7%	24.7%	+0.0 pts
Net margin	26.6%	37.0%	31.2%	22.4%	19.1%	21.5%	21.5%	+0.0 pts
EBITDA margin	32.4%	45.2%	37.5%	27.1%	24.5%	27.5%	—	—
Return on equity	7.9%	10.7%	10.9%	10.0%	8.7%	9.2%	9.2%	+0.0 pts
Return on assets	1.1%	1.3%	1.2%	1.2%	1.1%	1.2%	1.2%	+0.0 pts
Return on capital employed	6.7%	9.5%	8.0%	7.6%	6.6%	2.3%	—	—
Debt / equity	0.4×	0.3×	0.6×	0.5×	0.5×	0.4×	0.4×	+0.0%
Debt / assets	4.9%	4.1%	7.3%	5.6%	6.3%	5.3%	—	—
Interest coverage	2.6×	6.7×	3.0×	0.7×	0.5×	0.7×	—	—
Current ratio	0.2×	0.2×	0.2×	0.2×	0.1×	0.2×	0.2×	+0.0%
Quick ratio	0.2×	0.2×	0.2×	0.2×	0.1×	0.2×	—	—
Cash ratio	0.1×	0.0×	0.0×	0.0×	0.0×	0.0×	0.0×	+0.0%
Asset turnover	0.0×	0.0×	0.0×	0.1×	0.1×	0.1×	—	—
Receivables turnover	10.4×	9.7×	8.4×	10.2×	11.5×	11.2×	—	—
Dividend payout	38.0%	29.8%	33.4%	36.6%	41.5%	37.5%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

ⓘ

Current snapshot ratios have no reporting date and are shown separately from fiscal periods.