First Horizon financials
$23.10−0.39%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.98B | $5.03B | $5.03B | $3.50B | $3.23B | $3.39B | $2.28B | $2.27B | $1.48B | $1.37B |
| Gross profit | $3.42B | $3.19B | $3.47B | $3.21B | $3.07B | $3.15B | $1.86B | $1.94B | $1.33B | $1.28B |
| Gross margin | 68.6% | 63.4% | 69.0% | 91.7% | 94.9% | 93.0% | 81.8% | 85.6% | 90.0% | 93.5% |
| Operating income | $1.28B | $1.00B | $1.13B | $1.16B | $1.28B | $933.0M | $586.0M | $714.0M | $308.9M | $345.3M |
| Net income | $956.0M | $738.0M | $865.0M | $868.0M | $962.0M | $822.0M | $435.0M | $539.0M | $159.3M | $220.8M |
| Net margin | 19.2% | 14.7% | 17.2% | 24.8% | 29.7% | 24.2% | 19.1% | 23.8% | 10.8% | 16.1% |
| Diluted EPS | $1.87 | $1.36 | $1.54 | $1.53 | $1.74 | $1.89 | $1.38 | $1.65 | $0.65 | $0.94 |
| EBITDA | $1.28B | $1.00B | $1.13B | $1.16B | $1.32B | $940.0M | $609.0M | $714.0M | $308.9M | $345.3M |
| Operating cash flow | $628.0M | $1.27B | $1.30B | $2.29B | $725.0M | $172.0M | $830.0M | $234.0M | -$28.8M | $180.0M |
| Free cash flow | $598.0M | $1.23B | $1.26B | $2.28B | $714.0M | $126.0M | $810.0M | $204.0M | -$32.2M | $168.6M |
| Diluted shares | 511.1M | 544.3M | 561.7M | 566.0M | 551.2M | 433.7M | 315.7M | 327.4M | 244.5M | 235.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $961.0M | $906.0M | $1.01B | $1.06B | $1.15B | $1.20B |
| Short-term investments | $13.04B | $12.72B | $13.17B | $13.45B | $26.57B | $18.03B |
| Total debt | $4.58B | $4.59B | $3.70B | $4.10B | $3.71B | $3.87B |
| Total assets | $83.88B | $82.15B | $81.66B | $78.95B | $89.09B | $84.21B |
| Total liabilities | $74.73B | $73.04B | $72.37B | $70.41B | $80.60B | $75.90B |
| Shareholders' equity | $9.14B | $9.11B | $9.29B | $8.55B | $8.49B | $8.31B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology