NYSE:FHN · New York Stock Exchange
-$0.20 today
Vol 2.55M · Avg 4.57M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:FHN · Revenue to Net Income
Key Ratios
Analysis
$4.6B of revenue converted into $1.0B of net income for the selected period. Gross margin is 75.8% and net margin is 22.9%, showing how much revenue survives after costs and taxes. EPS is $2.00, tying the income statement back to per-share earnings.
Revenue
—
Operating Income
—
Net Income
—
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0B +1.0% | $4.9B +4.7% | $4.7B +38.2% | $3.4B +8.1% | $3.2B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.6B -18.2% | $2.0B +9.4% | $1.8B +371.5% | $386.0M +364.4% | -$146.0M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $3.4B +13.9% | $2.9B +1.8% | $2.9B -4.3% | $3.0B -8.3% | $3.3B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 67.3% +7.7pp | 59.7% -1.7pp | 61.4% -27.3pp | 88.7% -15.9pp | 104.6% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $1.5B +13.8% | $1.3B -3.1% | $1.3B +8.5% | $1.2B -7.5% | $1.3B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $2.1B +6.9% | $1.9B +9.8% | $1.8B -5.3% | $1.9B -7.4% | $2.0B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $56.0M -44.6% | $101.0M -1.0% | $102.0M +20.0% | $85.0M +88.9% | $45.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $1.3B +20.9% | $1.1B -10.1% | $1.2B -1.1% | $1.2B -6.4% | $1.3B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 26.8% +4.4pp | 22.4% -3.7pp | 26.1% -10.4pp | 36.5% -5.7pp | 42.1% | 5.6% | 46.3% | 42.0% |
| Operating Income | $1.3B +27.5% | $1.0B -10.9% | $1.1B -2.7% | $1.2B -9.7% | $1.3B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 25.7% +5.3pp | 20.4% -3.6pp | 23.9% -10.1pp | 34.0% -6.7pp | 40.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $4.2B -3.8% | $4.4B +6.1% | $4.1B +52.8% | $2.7B +24.3% | $2.2B | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $1.6B -15.0% | $1.8B +18.0% | $1.6B +436.1% | $291.0M +77.4% | $164.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $1.3B +27.5% | $1.0B -10.9% | $1.1B -2.7% | $1.2B -9.7% | $1.3B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 25.7% +5.3pp | 20.4% -3.6pp | 23.9% -10.1pp | 34.0% -6.7pp | 40.7% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $282.0M +33.6% | $211.0M -0.5% | $212.0M -14.2% | $247.0M -9.9% | $274.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $983.0M +26.8% | $775.0M -13.6% | $897.0M -0.3% | $900.0M -9.9% | $999.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | 19.7% +4.0pp | 15.7% -3.3pp | 19.0% -7.4pp | 26.4% -5.3pp | 31.7% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $2 +38.0% | $1 -13.3% | $2 -2.5% | $2 -8.0% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $2 +38.2% | $1 -11.7% | $2 +0.7% | $2 -12.1% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $491.0M -9.1% | $540.3M -1.4% | $548.0M +2.4% | $535.0M -2.1% | $546.4M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $496.0M -8.9% | $544.3M -3.1% | $561.7M -0.8% | $566.0M +2.7% | $551.2M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Banco Santander-Chile
NYSE:BSAC
$15.39B
Assurant, Inc.
NYSE:AIZ
$13.85B
Webster Financial Corporation
NYSE:WBS
$12.43B
American Financial Group, Inc.
NYSE:AFG
$11.86B
Wintrust Financial Corporation
NASDAQ:WTFC
$10.87B
Jefferies Financial Group Inc.
NYSE:JEF
$10.76B
SouthState Bank Corp.
NYSE:SSB
$9.78B
Cullen/Frost Bankers, Inc.
NYSE:CFR
$9.72B
Grupo Financiero Galicia S.A.
NASDAQ:GGAL
$8.09B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does FHN generate?
First Horizon Corporation (FHN) reported $4.99B of revenue in fiscal 2025.
Is FHN profitable?
First Horizon Corporation (FHN) reported $983.00M of net income, with a net margin of 19.7%.
Explore More
Continue the stock analysis
Jump to another research area for this company.