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FIRST HORIZON CORP FHN

NYSE · stock · National Commercial Banks · website · IPO 1999-07-28 · LEI

FIRST HORIZON CORP statistics & valuation

Market cap$12.1B
P / E12.4×
P / S3.6×
P / B1.3×
P / FCF20.4×
Dividend yield2.59%
Net margin28.7%
Return on equity10.7%
FCF margin17.4%
Graham number +6%$27.43

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($27.43); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
17.90% 12.40% 28.10% 24.30% 28.10% 25.90% 24.30% 28.70% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
8.40% 3.60% 11.40% 8.70% 10.20% 11.80% 10.50% 9.70% 8.50% 10.70% 2016201720182019202020212022202320242025
Shares outstanding
235.3M 244.5M 327.4M 315.7M 433.7M 551.2M 566.0M 561.7M 544.3M 511.1M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.80% 0.40% 1.30% 1.00% 1.00% 1.10% 1.10% 1.10% 0.90% 1.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
9.20% 70.60% 36.40% 38.40% 17.40% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$0.94 $0.65 $1.65 $1.38 $1.89 $1.74 $1.53 $1.54 $1.36 $1.87 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FIRST HORIZON CORP trades at about 13.8× earnings — near its 10-year norm (10-year range 7.3×–30.6×, median 13.1×).

7.3× 30.6×

Shaded band = 10-year range (7.3×–30.6×); dot = today's 13.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin28.7%24.3%25.9%28.1%——24.3%28.1%12.4%17.9%
FCF margin17.4%38.4%36.4%70.6%—————9.2%
Return on assets1.2%0.9%1.1%1.1%1.1%1.0%1.0%1.3%0.4%0.8%
Return on equity10.7%8.5%9.7%10.5%11.8%10.2%8.7%11.4%3.6%8.4%

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.