Financial Institutions, Inc. (FISI) Key Metrics
FISI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $774.7M
- Enterprise value
- $983.6M
- P/E (TTM)
- 9.8 10-yr median 9.4
- Forward P/E
- 11.3
- PEG ratio
- 1.41
- Price / sales
- 3.2 10-yr median 2.3
- Price / book
- 1.3 10-yr median 1.0
- EV / EBITDA
- — 10-yr median 6.6
- Dividend yield
- 3.26% $1.28 a year
- Beta
- 0.64
FISI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFISI valuation Price multiples at each fiscal year-end price.
FISI returns How much profit the business earns on the capital it uses.
FISI per-share figures Results divided by the shares outstanding at year-end.
FISI financial health Debt, liquidity and how easily interest is covered.
FISI efficiency & capital use Working capital cycle and where the cash goes.
FISI valuation history
FISI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FISI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FISI cash returned to shareholders
FISI price vs earnings per share
FISI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $633.3M | $428.0M | $329.6M | $376.9M | $506.8M | $361.4M | $514.6M | $410.1M | $469.1M | $495.6M |
| Enterprise value | $858.8M | $597.3M | −$339.2M | −$395.5M | −$676.4M | −$281.6M | $298.5M | $370.3M | $330.3M | $255.0M |
| P/E ratio | 8.5 | — | 6.6 | 6.7 | 6.5 | 9.4 | 10.5 | 10.4 | 14.0 | 15.5 |
| Price / sales | 1.7 | 1.6 | 6.8 | 1.6 | 2.4 | 1.8 | 2.5 | 2.2 | 2.8 | 3.3 |
| Price / book | 1.0 | 0.8 | 0.7 | 0.9 | — | 169.8 | — | 1.0 | 1.2 | 1.5 |
| Price / free cash flow | 47.8 | 5.9 | 41.7 | 3.0 | 8.0 | 9.2 | 9.5 | 6.6 | 12.2 | 12.7 |
| Price / operating cash flow | 33.7 | 5.5 | 30.3 | 2.8 | 6.9 | 8.3 | 8.9 | 6.3 | 10.1 | 10.6 |
| EV / sales | 2.3 | 2.3 | -7.0 | -1.6 | -3.2 | -1.4 | 1.4 | 2.0 | 2.0 | 1.7 |
| EV / EBITDA | 8.7 | — | — | — | — | — | 4.4 | 6.6 | 6.7 | 5.1 |
| EV / free cash flow | 64.8 | 8.3 | — | — | — | — | 5.5 | 5.9 | 8.6 | 6.5 |
| Earnings yield | 11.8% | −9.7% | 15.2% | 15.0% | 15.3% | 10.6% | 9.5% | 9.6% | 7.1% | 6.4% |
| Free cash flow yield | 2.1% | 16.9% | 2.4% | 33.2% | 12.5% | 10.8% | 10.5% | 15.2% | 8.2% | 7.9% |
| Dividend yield | 4.1% | 4.7% | 6.0% | 5.1% | 3.6% | 5.0% | 3.4% | 4.0% | 3.0% | 2.6% |
| Shareholder yield (dividends + buybacks) | 5.9% | 4.8% | 6.2% | 9.1% | 5.5% | 5.0% | 3.4% | 4.0% | 3.0% | 2.6% |
| Share price at fiscal year-end | $31.17 | $27.29 | $21.30 | $24.36 | $31.80 | $22.50 | $32.10 | $25.70 | $31.10 | $34.20 |
| Per share | ||||||||||
| Revenue per share | $18.60 | $16.84 | $3.12 | $15.58 | $13.30 | $12.72 | $13.03 | $11.78 | $10.92 | $10.40 |
| Earnings per share | $3.68 | −$2.66 | $3.25 | $3.66 | $4.88 | $2.39 | $3.05 | $2.48 | $2.22 | $2.20 |
| Operating cash flow per share | $0.93 | $4.92 | $0.70 | $8.63 | $4.58 | $2.71 | $3.60 | $4.08 | $3.07 | $3.22 |
| Free cash flow per share | $0.65 | $4.60 | $0.51 | $8.09 | $3.99 | $2.44 | $3.37 | $3.90 | $2.55 | $2.70 |
| Cash per share | $5.35 | $5.57 | $65.41 | $70.12 | $78.91 | $44.94 | $33.11 | $34.37 | $41.38 | $42.18 |
| Book value per share | $30.95 | $36.28 | $29.39 | $26.22 | −$0.85 | $0.13 | −$0.91 | $24.84 | $25.27 | $22.09 |
| Tangible book value per share | $27.98 | $32.41 | $24.70 | $21.47 | −$5.52 | −$4.46 | −$5.58 | $20.06 | $20.32 | $16.87 |
| Dividends per share | $1.29 | $1.27 | $1.28 | $1.23 | $1.16 | $1.12 | $1.08 | $1.03 | $0.93 | $0.89 |
| Capex per share | $0.27 | $0.32 | $0.19 | $0.54 | $0.59 | $0.27 | $0.23 | $0.18 | $0.51 | $0.53 |
| Debt per share | $16.45 | $16.36 | $22.19 | $20.20 | $4.67 | $4.91 | $19.64 | $31.88 | $32.17 | $25.57 |
| Shares outstanding | 20.3M | 15.7M | 15.5M | 15.5M | 15.9M | 16.1M | 16.0M | 16.0M | 15.1M | 14.5M |
| Change in shares outstanding | +29.6% | +1.3% | +0.0% | −2.9% | −0.8% | +0.2% | +0.5% | +5.8% | +4.1% | +2.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.5% | −8.1% | 11.7% | 28.9% | — | — | — | 10.2% | 9.6% | 10.4% |
| Return on invested capital (ROIC) | 9.4% | −20.5% | — | — | — | — | — | 13.2% | 20.8% | 63.3% |
| Return on assets (ROA) | 1.2% | −0.7% | 0.8% | 1.0% | 1.6% | 0.9% | 1.2% | 0.9% | 0.9% | 0.9% |
| Return on tangible assets | 1.2% | −0.7% | 0.8% | 1.0% | 1.6% | 0.9% | 1.3% | 0.9% | 0.8% | 0.9% |
| Free cash flow margin | 3.5% | 27.3% | 16.4% | 51.9% | 30.0% | 19.2% | 25.9% | 33.1% | 23.4% | 25.9% |
| Income quality (OCF / net income) | 0.25 | — | 0.22 | 2.36 | 0.94 | 1.13 | 1.18 | 1.65 | 1.38 | 1.46 |
| Financial health | ||||||||||
| Total debt | $334.2M | $256.6M | $343.3M | $312.5M | $74.4M | $78.9M | $314.8M | $508.7M | $485.3M | $370.6M |
| Cash & short-term investments | $108.8M | $87.3M | $1.01B | $1.08B | $1.26B | $721.9M | $530.9M | $548.4M | $624.2M | $611.2M |
| Net debt | $225.5M | $169.3M | −$668.9M | −$772.4M | −$1.18B | −$643.0M | −$216.1M | −$39.7M | −$138.8M | −$240.6M |
| Debt / equity | 0.53 | 0.45 | 0.75 | 0.77 | — | 37.09 | — | 1.28 | 1.27 | 1.16 |
| Debt / assets | 0.05 | 0.04 | 0.06 | 0.05 | 0.01 | 0.02 | 0.08 | 0.12 | 0.12 | 0.10 |
| Net debt / EBITDA | 2.27 | — | −10.61 | −9.77 | −11.24 | −11.99 | −3.20 | −0.71 | −2.80 | −4.80 |
| Current ratio | 0.03 | 0.02 | 0.19 | 0.21 | — | 136.21 | 1.93 | 7.03 | 6.60 | 7.57 |
| Quick ratio | 0.03 | 0.02 | 0.17 | 0.24 | — | 163.92 | 1.93 | 7.03 | 6.60 | 7.57 |
| Interest coverage | 0.7 | -0.5 | 0.5 | 2.5 | 7.8 | 2.0 | 1.5 | 1.7 | 2.5 | 3.5 |
| Working capital | −$5.20B | −$5.12B | −$4.38B | −$4.04B | $1.31B | $716.6M | $255.4M | $2.83B | $2.50B | $2.18B |
| Invested capital | $854.3M | $738.3M | −$214.1M | −$366.8M | −$1.20B | −$640.9M | −$230.6M | $356.6M | $242.3M | $79.4M |
| Tangible asset value | $568.5M | $508.2M | $382.3M | $332.2M | −$88.0M | −$71.7M | −$89.4M | $320.1M | $306.5M | $244.4M |
| Net current asset value | −$5.51B | −$5.44B | −$4.67B | −$4.29B | −$3.70B | −$3.72B | −$3.41B | −$615.0M | −$780.2M | −$881.2M |
| Graham number | $50.66 | — | $46.34 | $46.44 | — | $2.67 | — | $37.21 | $35.55 | $33.09 |
| Graham net-net per share | −$271.57 | −$347.06 | −$298.91 | −$282.33 | −$236.17 | −$234.68 | −$212.97 | −$211.01 | −$205.49 | −$191.78 |
| Capital allocation | ||||||||||
| Dividends paid | $26.2M | $20.0M | $19.7M | $19.1M | $18.5M | $18.0M | $17.3M | $16.4M | $14.0M | $12.9M |
| Share buybacks (net) | $11.4M | $433,000 | $571,000 | $15.3M | $9.3M | $209,000 | $293,000 | $113,000 | $157,000 | $0 |
| Dividend payout ratio | 35.0% | — | 39.3% | 33.7% | 23.7% | 46.8% | 35.3% | 41.5% | 41.6% | 40.5% |
| Dividends + buybacks / free cash flow | 283.6% | 28.3% | 257.1% | 27.5% | 43.6% | 46.4% | 32.5% | 26.5% | 36.6% | 33.1% |
| Capex / revenue | 1.5% | 1.9% | 6.2% | 3.5% | 4.4% | 2.1% | 1.7% | 1.5% | 4.7% | 5.1% |
| Capex / operating cash flow | 29.5% | 6.4% | 27.5% | 6.3% | 12.9% | 9.8% | 6.3% | 4.4% | 16.7% | 16.3% |
| Capex / depreciation | 0.70 | 0.65 | 0.37 | 1.03 | 1.17 | 0.54 | 0.44 | 0.44 | 1.25 | 1.28 |
| Stock-based compensation / revenue | 0.8% | 0.6% | 3.5% | 1.1% | 0.8% | 0.7% | 0.7% | 0.7% | 0.7% | 0.6% |
| SG&A / revenue | 23.8% | 28.4% | 166.8% | 31.5% | 31.6% | 32.4% | 34.9% | 38.2% | 36.2% | 36.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 23.6 | 33.3 | 165.9 | 57.8 | 78.7 | 61.4 | — | — | — | — |
| Days of inventory on hand | — | — | -33.1 | -1,058.8 | -10,758.8 | -539.7 | 2.7 | 1.8 | 1.5 | 2.2 |
| Days payables outstanding | 59.7 | 46.9 | 16.4 | 20,591.5 | 401,484.9 | 28,884.3 | 26,919.2 | 30,934.4 | 36,702.3 | 47,114.4 |
| Cash conversion cycle (days) | -36.1 | -13.6 | 116.4 | -21,592.5 | -412,165.0 | -29,362.6 | — | — | — | — |
| Receivables turnover | 15.47 | 10.95 | 2.20 | 6.31 | 4.64 | 5.95 | — | — | — | — |
| Payables turnover | 6.12 | 7.78 | 22.29 | 0.02 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventory turnover | — | — | — | — | — | — | 134.48 | 205.30 | 242.01 | 164.29 |
| Asset turnover | 0.06 | 0.04 | 0.01 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 |
| Average receivables | $24.4M | $24.1M | $21.9M | $38.2M | $45.7M | $34.4M | — | — | — | — |
| Average payables | $23.6M | $22.6M | $12.7M | $2.42B | $4.55B | $3.92B | $3.46B | $3.29B | $3.10B | $2.86B |
| Average inventory | — | — | −$25.7M | −$124.3M | −$122.0M | −$73.2M | $349,000 | $189,000 | $127,500 | $135,000 |
| Intangibles / total assets | 1.0% | 1.0% | 1.2% | 1.3% | 1.5% | 1.7% | 1.9% | 1.8% | 1.8% | 2.0% |
Computed from FISI's annual financial statements (latest annual report filed March 9, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FISI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Financial Institutions traded at 8.5 times earnings, against a 10-year median of 9.4. Based on the latest twelve months, the trailing P/E is 9.8 and the forward P/E is 11.3. Financial Institutions earned a return on equity of 12.5% and a return on invested capital of 9.4% in fiscal 2025. It ended the year with $334.2 million of debt and $108.8 million in cash and short-term investments, net debt of $225.5 million. It returned $37.6 million to shareholders: $26.2 million in dividends and $11.4 million in share buybacks, 284% of free cash flow. The share count rose 40.2% from 14.5M to 20.3M over 9 years.
See the FISI income statement, the FISI chart for price history, or the FISI stock overview for the latest quote and news.
FISI key metrics FAQ
What is Financial Institutions's P/E ratio?
Financial Institutions's trailing P/E ratio is 9.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.3. At the end of fiscal 2025 it was 8.5, compared with a 10-year median of 9.4.
What is Financial Institutions's EV/EBITDA?
Financial Institutions's enterprise value was 8.7 times EBITDA at the end of fiscal 2025 (enterprise value $858.8 million, EBITDA $99.2 million).
What is Financial Institutions's return on equity?
Financial Institutions's return on equity (ROE) was 12.5% in fiscal 2025: net income of $74.9 million on average shareholders' equity of $598.9 million.
What is Financial Institutions's ROIC?
Financial Institutions's return on invested capital was 9.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Financial Institutions have?
Financial Institutions had total debt of $334.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.53 and $225.5 million of net debt (2.27 times EBITDA).
What is Financial Institutions's dividend yield?
Financial Institutions's forward dividend yield is 3.26%. Financial Institutions paid $26.2 million in dividends in fiscal 2025 ($1.29 per share), a payout ratio of 35.0%.
Does Financial Institutions buy back its shares?
Yes. Financial Institutions spent $11.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +29.6% over the year, to 20.3M..
What is Financial Institutions's free cash flow yield?
Financial Institutions generated $13.3 million of free cash flow in fiscal 2025, a free cash flow yield of 2.1% on its market value at year-end ($633.3 million).
What is Financial Institutions's current ratio?
Financial Institutions's current ratio was 0.03 at the end of fiscal 2025: current assets were 0.03 times current liabilities.