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 →
Growth & profitability
Revenue has grown 2.2% per year over the past 5 years.
Net income has grown faster than revenue (3.1% vs 2.2% per year).
Free cash flow has declined 35.9% per year over the past 5 years.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 32.0% of earnings and 52.8% of free cash flow.
The dividend has grown 7.2% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$3.4B
$982M
0.0%
0.0%
$595M
—
$1.6B
2024
$3.2B
$775M
0.0%
0.0%
$1.2B
—
$1.5B
2023
$3.5B
$897M
0.0%
0.0%
$1.3B
—
$1.7B
2022
$3.2B
$900M
0.0%
0.0%
$2.3B
—
$1.5B
2021
—
$999M
—
—
—
—
$1.8B
2020
—
$845M
—
—
—
—
$1.6B
2019
$1.8B
$441M
0.0%
0.0%
—
—
$1.3B
2018
$1.9B
$545M
0.0%
0.0%
—
—
$1.4B
2017
$1.3B
$166M
0.0%
0.0%
—
—
$1.5B
2016
$1.3B
$227M
0.0%
0.0%
$117M
—
$1.0B
2015
$1.2B
$86M
0.0%
0.0%
$324M
—
—
2014
$1.2B
$223M
0.0%
0.0%
$666M
—
—
2013
$1.2B
$27M
0.0%
0.0%
$390M
—
—
2012
$1.3B
-$27M
0.0%
0.0%
$350M
—
—
2011
$1.4B
$131M
0.0%
0.0%
$9M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$862M
$262M
0.0%
0.0%
$270M
—
$1.6B
Dec '25
$888M
$262M
0.0%
0.0%
$389M
—
$1.6B
Sep '25
$889M
$262M
0.0%
0.0%
-$208M
—
$1.7B
Jun '25
$830M
$241M
0.0%
0.0%
$74M
—
$1.5B
Mar '25
$812M
$218M
0.0%
0.0%
$340M
—
$1.6B
Dec '24
$728M
$166M
0.0%
0.0%
$174M
—
$1.5B
Sep '24
$827M
$218M
0.0%
0.0%
$383M
—
$2.0B
Jun '24
$815M
$199M
0.0%
0.0%
-$161M
—
$1.5B
Mar '24
$819M
$192M
0.0%
0.0%
$828M
—
$1.6B
Dec '23
—
$184M
—
—
$351M
—
$1.7B
Sep '23
—
$137M
—
—
—
—
$1.4B
Jun '23
—
$325M
—
—
—
—
$1.4B
Mar '23
—
$251M
—
—
—
—
$1.3B
Dec '22
—
$266M
—
—
—
—
$1.5B
Sep '22
—
$265M
—
—
—
—
$1.9B
Jun '22
—
$174M
—
—
—
—
$1.8B
Mar '22
—
$195M
—
—
—
—
$1.9B
Dec '21
—
$227M
—
—
—
—
$1.8B
Sep '21
—
$232M
—
—
—
—
$1.6B
Jun '21
—
$308M
—
—
—
—
$1.9B
Valuation over time
How the market has priced FHN 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.
The price-to-earnings ratio has risen from 9.4× (Mar '23) to 12.4× (Jun '26).
The price-to-sales ratio has risen from 2.6× (Mar '23) to 3.5× (Jun '26).
The dividend yield has fallen from 3.8% (Mar '23) to 2.6% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is FHN growing its revenue and profit?
Over the past 5 years, First Horizon Corp's revenue has grown 2.2% per year, and net income grown 3.1% per year. These are computed facts, not advice.
How much debt does FHN have?
As of FY2025, First Horizon Corp reported — of total debt against $1.6B of cash.
What is FHN's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 28.7%.
What is FHN's P/E ratio?
As of Jun '26, First Horizon Corp traded at a price-to-earnings ratio of about 12.4× (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.
Where does this data come from?
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.