First Merchants (FRME) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 48.0%
EBITDA Margin: 25.7%
Op. Margin: 24.4%
Net Margin: 22.4%

Op. margin of 24.4% is down 15.3% YoY — costs are rising relative to revenue. Net margin at 22.4% and gross margin of 48.0% show how much of each revenue dollar survives to profit.

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit