15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $122M | $649M | 0.0% | 0.0% | 14.2% | 1.2% | $127M | — | $8.9B |
| 2024 | $106M | $583M | 0.0% | 0.0% | 14.9% | 1.1% | $862M | — | $10.2B |
| 2023 | $94M | $598M | 0.0% | 0.0% | 16.1% | 1.2% | $320M | — | $8.7B |
| 2022 | $92M | $579M | 0.0% | 0.0% | 18.5% | 1.1% | $620M | — | $12.0B |
| 2021 | $83M | $443M | 0.0% | 0.0% | 10.0% | 0.9% | $582M | — | $16.6B |
| 2020 | $81M | $331M | 0.0% | 0.0% | 7.7% | 0.8% | $429M | — | $10.3B |
| 2019 | $89M | $444M | 0.0% | 0.0% | 11.3% | 1.3% | $427M | — | $3.8B |
| 2018 | $85M | $455M | 0.0% | 0.0% | 13.5% | 1.4% | $483M | — | — |
| 2017 | — | $364M | — | — | 11.0% | 1.1% | $504M | — | — |
| 2016 | — | $304M | — | — | 10.1% | 1.0% | — | — | — |
| 2015 | — | $279M | — | — | 9.7% | 1.0% | — | — | — |
| 2014 | — | $278M | — | — | 9.7% | 1.0% | — | — | — |
| 2013 | — | $238M | — | — | 9.5% | 1.0% | — | — | — |
| 2012 | — | $238M | — | — | 9.8% | 1.0% | — | — | — |
| 2011 | — | $218M | — | — | 9.5% | 1.1% | $248M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $34M | $172M | 0.0% | 0.0% | 3.7% | 0.3% | -$7M | — | $6.5B |
| Mar '26 | $32M | $171M | 0.0% | 0.0% | 3.8% | 0.3% | $199M | — | $7.1B |
| Dec '25 | $32M | $166M | 0.0% | 0.0% | 3.6% | 0.3% | $138M | — | $8.9B |
| Sep '25 | $31M | $174M | 0.0% | 0.0% | 3.9% | 0.3% | $212M | — | $7.9B |
| Jun '25 | $29M | $157M | 0.0% | 0.0% | 3.7% | 0.3% | $115M | — | $7.1B |
| Mar '25 | $29M | $151M | 0.0% | 0.0% | 3.7% | 0.3% | -$337M | — | $7.9B |
| Dec '24 | $28M | $155M | 0.0% | 0.0% | 4.0% | 0.3% | $27M | — | $10.2B |
| Sep '24 | $27M | $147M | 0.0% | 0.0% | 3.5% | 0.3% | $282M | — | $9.2B |
| Jun '24 | $26M | $145M | 0.0% | 0.0% | 4.0% | 0.3% | $103M | — | $7.1B |
| Mar '24 | $25M | $136M | 0.0% | 0.0% | 3.7% | 0.3% | $450M | — | $8.5B |
| Dec '23 | $25M | $103M | 0.0% | 0.0% | 2.8% | 0.2% | -$124M | — | $8.7B |
| Sep '23 | $24M | $156M | 0.0% | 0.0% | 5.2% | 0.3% | $206M | — | $7.6B |
| Jun '23 | $23M | $162M | 0.0% | 0.0% | 4.8% | 0.3% | $116M | — | $7.1B |
| Mar '23 | $22M | $178M | 0.0% | 0.0% | 5.1% | 0.3% | $122M | — | $9.3B |
| Dec '22 | $22M | $191M | 0.0% | 0.0% | 6.1% | 0.4% | $136M | — | $12.0B |
| Sep '22 | $23M | $170M | 0.0% | 0.0% | 6.0% | 0.3% | $217M | — | $13.6B |
| Jun '22 | $24M | $119M | 0.0% | 0.0% | 3.6% | 0.2% | -$53M | — | $13.7B |
| Mar '22 | $23M | $99M | 0.0% | 0.0% | 2.6% | 0.2% | $320M | — | $14.5B |
| Dec '21 | $22M | $101M | 0.0% | 0.0% | 2.3% | 0.2% | $67M | — | $16.6B |
| Sep '21 | $21M | $108M | 0.0% | 0.0% | 2.5% | 0.2% | $195M | — | $16.3B |
How the market has priced CFR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Cullen/Frost Bankers, Inc.'s revenue has grown 8.5% per year, and net income grown 14.4% per year. These are computed facts, not advice.
As of FY2025, Cullen/Frost Bankers, Inc. reported — of total debt against $8.9B of cash.
In FY2025, gross margin was —, operating margin —, and net margin 533.5%.
As of Sep '26, Cullen/Frost Bankers, Inc. traded at a price-to-earnings ratio of about 15.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.