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
Free cash flow has grown 3.3% per year over the past 5 years.
Financial health
Total debt ($188M) exceeds cash ($130M); net debt is $58M.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 30.5% of earnings and 28.0% of free cash flow.
The dividend has grown 11.1% per year over the past 5 years.
Net income
Net income
Return on equity & assets (ROE / ROA)
ROEROA
Shareholders' equity (book value)
Equity
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
ROE
ROA
FCF
Total debt
Cash
2025
—
$79M
—
—
12.2%
1.4%
$86M
$188M
$130M
2024
—
$47M
—
—
8.6%
0.9%
$54M
$28M
$94M
2023
—
$61M
—
—
11.5%
1.3%
$80M
$109M
$77M
2022
—
$71M
—
—
15.0%
1.4%
$77M
$10M
$223M
2021
—
$53M
—
—
9.1%
1.0%
$51M
$109M
$688M
2020
—
$54M
—
—
9.0%
1.2%
$74M
$6000
$657M
2019
—
$49M
—
—
8.9%
1.2%
$49M
$31000
$127M
2018
—
$47M
—
—
10.5%
1.5%
$55M
$0
$74M
2017
—
$29M
—
—
7.0%
1.0%
$47M
$0
$74M
2016
—
$38M
—
—
9.3%
1.3%
—
$132000
$75M
2015
—
$30M
—
—
7.4%
1.0%
—
$13M
—
2014
—
$34M
—
—
8.6%
1.1%
—
$13M
—
2013
—
$32M
—
—
8.2%
1.0%
—
$58M
—
2012
—
$33M
—
—
8.8%
1.1%
—
$119705
—
2011
—
$37M
—
—
10.7%
1.3%
—
—
—
Net income
Net income
Return on equity & assets (ROE / ROA)
ROEROA
Shareholders' equity (book value)
Equity
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
ROE
ROA
FCF
Total debt
Cash
Mar '26
—
$20M
—
—
3.0%
0.3%
$22M
$209M
$97M
Dec '25
—
$21M
—
—
3.3%
0.4%
$29M
$188M
$130M
Sep '25
—
$21M
—
—
3.3%
0.4%
$26M
$170M
$87M
Jun '25
—
$19M
—
—
3.2%
0.3%
$12M
$123M
$97M
Mar '25
—
$18M
—
—
3.2%
0.3%
$20M
$125M
$86M
Dec '24
—
$16M
—
—
3.0%
0.3%
$15M
$28M
$94M
Sep '24
—
$9M
—
—
1.5%
0.2%
$20M
$30M
$77M
Jun '24
—
$11M
—
—
2.1%
0.2%
$8M
$109M
$75M
Mar '24
—
$11M
—
—
2.1%
0.2%
$11M
$59M
$69M
Dec '23
—
$12M
—
—
2.4%
0.3%
$19M
$109M
$77M
Sep '23
—
$16M
—
—
3.5%
0.3%
$27M
$85M
$75M
Jun '23
—
$16M
—
—
3.2%
0.3%
$14M
$135M
$82M
Mar '23
—
$16M
—
—
3.2%
0.3%
$21M
—
$83M
Dec '22
—
$17M
—
—
3.5%
0.3%
$27M
$10M
$223M
Sep '22
—
$18M
—
—
4.1%
0.4%
$19M
—
$328M
Jun '22
—
$16M
—
—
3.4%
0.3%
$12M
—
$415M
Mar '22
—
$21M
—
—
4.0%
0.4%
$19M
—
$602M
Dec '21
—
$7M
—
—
1.3%
0.1%
$13M
$109M
$688M
Sep '21
—
$16M
—
—
2.7%
0.3%
$15M
—
$758M
Jun '21
—
$17M
—
—
2.8%
0.3%
$10M
—
$678M
Valuation over time
How the market has priced THFF 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 6.3× (Mar '23) to 11.6× (Nov '26).
The dividend yield has fallen from 3.2% (Mar '23) to 2.6% (Nov '26).
Price / earnings (P/E)
P/E
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is THFF growing its revenue and profit?
See the revenue and net-income charts above for First Financial Corp /In/'s multi-year trend.
How much debt does THFF have?
As of FY2025, First Financial Corp /In/ reported $188M of total debt against $130M of cash.
What is THFF's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is THFF's P/E ratio?
First Financial Corp /In/'s P/E (TTM) is 10.88 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the THFF stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 11.6× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.