FIRST HORIZON CORP

FHN

CIK 0000036966 · Quarterly mode · latest period FY2025 (Q4) (ending 2025-12-31) · sourced from SEC EDGAR

At a glance · FY2025 (Q4)

Revenue
$888M
↑+22.0% +$160Mvs FY2024 (Q4)
Operating Income
$871M
↑+22.8% +$162Mvs FY2024 (Q4)
Net Income
$262M
↑+57.8% +$96Mvs FY2024 (Q4)
Gross Profit
$888M
↑+22.0% +$160Mvs FY2024 (Q4)

Quality Score

Quality score

6-dimension fundamental snapshot · latest annual filed values · S&P 500 calibration

Poor
22/100
  • Profitability
    0Insufficient data
  • Liquidity
    0Insufficient data
  • Leverage
    40D/E 1.21 (under 0.5 = conservative)
  • Efficiency
    0Asset Turnover 0.04x (1.0+ = capital-efficient)
  • Growth
    90Revenue YoY +22.0% (10% = solid, 25%+ = elite)
  • Margin Trend
    0Insufficient data

Calibrated to S&P 500 medians. Each sub-score is computed from a single CFA-grade ratio (Profitability = ROIC, Liquidity = Current Ratio, Leverage = D/E, Efficiency = Asset Turnover, Growth = Revenue YoY, Margin Trend = 4Q operating-margin avg vs prior 4Q). Overall = simple mean.

DCF intrinsic value

DCF intrinsic value

two-stage Gordon model

Project FHN's free cash flow forward, discount back at your hurdle rate, divide by diluted shares. Edit the assumptions to see how sensitive the intrinsic value is.

3%

Trailing 3-yr CAGR was -35.9%

10%

10% is a common all-equity benchmark for US large-caps

2.5%

Should be ≤ long-run GDP growth (~2.5% nominal)

5

5-year explicit projection + perpetuity terminal

Intrinsic value per share
$16.25
Total enterprise IV
$8.31B
Diluted shares
0.51B
Terminal PV
$5.85B (70% of total)
Year-5 FCF
$690M
YearProjected FCFDiscounted PV
+1$613M$557M
+2$631M$522M
+3$650M$488M
+4$670M$457M
+5$690M$428M
Terminal$9.43B$5.85B

DCF outputs are HIGHLY sensitive to growth + WACC assumptions. A 1pp WACC change can shift IV by 20%+. Use this as a sanity-check vs market price, not a target — and always cross-check the underlying FCF source (EDGAR cashflow statement, latest annual). Margin of safety convention: 30-50% discount to IV before buying.

Capital allocation · trailing 4 quarters

how the company spent its cash
Capex (TTM)
$33M
investment in PP&E
Dividends paid (TTM)
$314M
cash returned to holders
Stock buybacks (TTM)
$918M
share count reduction
Stock-based comp (TTM)
$61M
non-cash dilution

Balance sheet · 2025-12-31

latest filed snapshot
Total assets
$83.88B
everything owned
Total liabilities
$74.73B
everything owed
Stockholders' equity
$8.85B
shareholder claim
Net debt
$2.26B
LT debt minus cash

Recent performance · 68 quarters

Revenue↑+22.0% +$160M
$888M
Net Income↑+57.8% +$96M
$262M
Free Cash Flow↑+123.6% +$215M
$389M

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