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FIRST MERCHANTS CORP（FRME）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
FIRST MERCHANTS CORP的季度营收约是null的1.6倍（$157.1M vs $100.0M），FIRST MERCHANTS CORP净利率更高（17.9% vs -7.0%，领先24.9%），过去两年FIRST MERCHANTS CORP的营收复合增速更高（-0.9% vs -4.9%）
第一商人集团是总部位于美国印第安纳州曼西的金融控股公司，业务覆盖印第安纳州中部地区，旗下拥有第一商人银行、第一商人私人财富顾问两大板块，在纳斯达克上市，股票代码为FRME。截至2023年3月，集团总资产达182亿美元，为客户提供商业银行、个人银行及投资顾问服务。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
FRME vs SWIM — 直观对比
营收规模更大
FRME
是对方的1.6倍
$100.0M
净利率更高
FRME
高出24.9%
-7.0%
两年增速更快
FRME
近两年复合增速
-4.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $157.1M | $100.0M |
| 净利润 | $28.2M | $-7.0M |
| 毛利率 | — | 28.0% |
| 营业利润率 | — | -10.7% |
| 净利率 | 17.9% | -7.0% |
| 营收同比 | — | 14.5% |
| 净利润同比 | -49.1% | 76.0% |
| 每股收益（稀释后） | $0.45 | $-0.06 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FRMESWIM
| Q1 26 | $157.1M | — | ||
| Q4 25 | $172.2M | $100.0M | ||
| Q3 25 | $166.1M | $161.9M | ||
| Q2 25 | $164.3M | $172.6M | ||
| Q1 25 | $160.3M | $111.4M | ||
| Q4 24 | $177.1M | $87.3M | ||
| Q3 24 | $156.0M | $150.5M | ||
| Q2 24 | $159.9M | $160.1M |
净利润FRMESWIM
| Q1 26 | $28.2M | — | ||
| Q4 25 | $57.1M | $-7.0M | ||
| Q3 25 | $56.8M | $8.1M | ||
| Q2 25 | $56.8M | $16.0M | ||
| Q1 25 | $55.3M | $-6.0M | ||
| Q4 24 | $64.3M | $-29.2M | ||
| Q3 24 | $49.2M | $5.9M | ||
| Q2 24 | $39.9M | $13.3M |
毛利率FRMESWIM
| Q1 26 | — | — | ||
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% |
营业利润率FRMESWIM
| Q1 26 | — | — | ||
| Q4 25 | 38.0% | -10.7% | ||
| Q3 25 | 39.3% | 13.3% | ||
| Q2 25 | 39.6% | 14.3% | ||
| Q1 25 | 39.4% | -4.4% | ||
| Q4 24 | 43.3% | -14.9% | ||
| Q3 24 | 36.1% | 8.9% | ||
| Q2 24 | 27.5% | 12.5% |
净利率FRMESWIM
| Q1 26 | 17.9% | — | ||
| Q4 25 | 33.1% | -7.0% | ||
| Q3 25 | 34.2% | 5.0% | ||
| Q2 25 | 34.6% | 9.3% | ||
| Q1 25 | 34.5% | -5.4% | ||
| Q4 24 | 36.3% | -33.4% | ||
| Q3 24 | 31.5% | 3.9% | ||
| Q2 24 | 25.0% | 8.3% |
每股收益（稀释后）FRMESWIM
| Q1 26 | $0.45 | — | ||
| Q4 25 | $0.98 | $-0.06 | ||
| Q3 25 | $0.98 | $0.07 | ||
| Q2 25 | $0.98 | $0.13 | ||
| Q1 25 | $0.94 | $-0.05 | ||
| Q4 24 | $1.09 | $-0.24 | ||
| Q3 24 | $0.84 | $0.05 | ||
| Q2 24 | $0.68 | $0.11 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $2.7B | $405.9M |
| 总资产 | $21.1B | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
总债务FRMESWIM
| Q1 26 | — | — | ||
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
股东权益FRMESWIM
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.5B | $405.9M | ||
| Q3 25 | $2.4B | $408.4M | ||
| Q2 25 | $2.3B | $398.4M | ||
| Q1 25 | $2.3B | $381.1M | ||
| Q4 24 | $2.3B | $387.2M | ||
| Q3 24 | $2.3B | $416.6M | ||
| Q2 24 | $2.2B | $408.1M |
总资产FRMESWIM
| Q1 26 | $21.1B | — | ||
| Q4 25 | $19.0B | $823.2M | ||
| Q3 25 | $18.8B | $844.4M | ||
| Q2 25 | $18.6B | $822.1M | ||
| Q1 25 | $18.4B | $824.6M | ||
| Q4 24 | $18.3B | $794.2M | ||
| Q3 24 | $18.3B | $853.4M | ||
| Q2 24 | $18.3B | $830.0M |
负债/权益比FRMESWIM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $14.1M |
| 自由现金流率自由现金流/营收 | — | 14.1% |
| 资本支出强度资本支出/营收 | — | 9.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $38.0M |
8季度趋势，按日历期对齐
经营现金流FRMESWIM
| Q1 26 | — | — | ||
| Q4 25 | $283.6M | $23.3M | ||
| Q3 25 | $87.6M | $51.0M | ||
| Q2 25 | $53.7M | $36.0M | ||
| Q1 25 | $61.7M | $-46.9M | ||
| Q4 24 | $266.2M | $6.2M | ||
| Q3 24 | $76.8M | $37.2M | ||
| Q2 24 | $63.0M | $52.4M |
自由现金流FRMESWIM
| Q1 26 | — | — | ||
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M |
自由现金流率FRMESWIM
| Q1 26 | — | — | ||
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% |
资本支出强度FRMESWIM
| Q1 26 | — | — | ||
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% |
现金转化率FRMESWIM
| Q1 26 | — | — | ||
| Q4 25 | 4.97× | — | ||
| Q3 25 | 1.54× | 6.29× | ||
| Q2 25 | 0.94× | 2.25× | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 4.14× | — | ||
| Q3 24 | 1.56× | 6.32× | ||
| Q2 24 | 1.58× | 3.95× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FRME
| Net Interest Income | $151.3M | 96% |
| Noninterest Income | $5.8M | 4% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
