The First Bancorp, Inc. (FNLC) Key Metrics
FNLC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $387.8M
- Enterprise value
- $568.5M
- P/E (TTM)
- 10.2 10-yr median 10.9
- Forward P/E
- 12.2
- PEG ratio
- —
- Price / sales
- 3.9 10-yr median 3.2
- Price / book
- 1.3 10-yr median 1.4
- EV / EBITDA
- — 10-yr median 4.2
- Dividend yield
- 4.42% $1.52 a year
- Beta
- 0.48
FNLC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFNLC valuation Price multiples at each fiscal year-end price.
FNLC returns How much profit the business earns on the capital it uses.
FNLC per-share figures Results divided by the shares outstanding at year-end.
FNLC financial health Debt, liquidity and how easily interest is covered.
FNLC efficiency & capital use Working capital cycle and where the cash goes.
FNLC valuation history
FNLC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FNLC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FNLC cash returned to shareholders
FNLC price vs earnings per share
FNLC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $296.4M | $304.7M | $312.7M | $330.3M | $345.0M | $277.7M | $329.2M | $285.2M | $294.7M | $359.1M |
| Enterprise value | $187.9M | $126.5M | $64.9M | $122.9M | $73.5M | $144.0M | $127.9M | $146.9M | $203.2M | $319.9M |
| P/E ratio | 8.6 | 11.3 | 10.6 | 8.5 | 9.5 | 10.2 | 12.9 | 12.1 | 15.0 | 19.9 |
| Price / sales | 1.7 | 1.8 | 2.4 | 3.0 | 3.6 | 2.9 | 3.5 | 3.4 | 4.0 | 5.4 |
| Price / book | 1.0 | 1.2 | 1.3 | 1.4 | 1.4 | 1.2 | 1.5 | 1.5 | 1.6 | 2.1 |
| Price / free cash flow | 8.6 | 12.4 | 9.1 | 8.3 | 6.5 | 13.8 | 13.4 | 8.8 | 14.9 | 18.8 |
| Price / operating cash flow | 7.8 | 11.7 | 8.5 | 8.0 | 6.1 | 12.2 | 12.6 | 8.4 | 13.2 | 16.9 |
| EV / sales | 1.1 | 0.8 | 0.5 | 1.1 | 0.8 | 1.5 | 1.4 | 1.8 | 2.8 | 4.8 |
| EV / EBITDA | 4.3 | 3.6 | 24.0 | 2.5 | 1.6 | 4.2 | 4.0 | 5.0 | 7.2 | 12.2 |
| EV / free cash flow | 5.4 | 5.1 | 1.9 | 3.1 | 1.4 | 7.1 | 5.2 | 4.5 | 10.3 | 16.8 |
| Earnings yield | 11.6% | 8.9% | 9.4% | 11.8% | 10.5% | 9.8% | 7.8% | 8.3% | 6.6% | 5.0% |
| Free cash flow yield | 11.7% | 8.1% | 11.0% | 12.1% | 15.3% | 7.3% | 7.4% | 11.3% | 6.7% | 5.3% |
| Dividend yield | 5.5% | 5.2% | 4.9% | 4.5% | 4.0% | 4.8% | 3.9% | 4.2% | 3.9% | 2.7% |
| Shareholder yield (dividends + buybacks) | 5.6% | 5.3% | 5.0% | 4.6% | 4.1% | 4.9% | 4.0% | 4.3% | 3.9% | 2.8% |
| Share price at fiscal year-end | $26.44 | $27.35 | $28.22 | $29.94 | $31.40 | $25.40 | $30.23 | $26.30 | $27.23 | $33.10 |
| Per share | ||||||||||
| Revenue per share | $15.84 | $14.85 | $11.57 | $9.96 | $8.78 | $8.71 | $8.53 | $7.67 | $6.78 | $6.11 |
| Earnings per share | $3.07 | $2.43 | $2.66 | $3.53 | $3.30 | $2.48 | $2.34 | $2.17 | $1.81 | $1.66 |
| Operating cash flow per share | $3.37 | $2.34 | $3.33 | $3.74 | $5.16 | $2.08 | $2.39 | $3.12 | $2.06 | $1.95 |
| Free cash flow per share | $3.09 | $2.21 | $3.09 | $3.61 | $4.82 | $1.84 | $2.25 | $2.98 | $1.82 | $1.76 |
| Cash per share | $26.43 | $29.12 | $28.65 | $28.19 | $37.12 | $36.20 | $35.47 | $32.14 | $29.59 | $29.32 |
| Book value per share | $25.25 | $22.67 | $21.93 | $20.75 | $22.36 | $20.46 | $19.52 | $17.66 | $16.75 | $15.90 |
| Tangible book value per share | $22.52 | $19.92 | $18.97 | $17.75 | $19.33 | $17.48 | $16.64 | $14.79 | $13.88 | $13.05 |
| Dividends per share | $1.46 | $1.42 | $1.39 | $1.34 | $1.27 | $1.22 | $1.19 | $1.11 | $1.06 | $0.90 |
| Capex per share | $0.29 | $0.13 | $0.24 | $0.13 | $0.34 | $0.23 | $0.14 | $0.14 | $0.23 | $0.20 |
| Debt per share | $16.75 | $13.13 | $6.29 | $9.39 | $12.41 | $23.97 | $16.99 | $19.39 | $21.14 | $25.71 |
| Shares outstanding | 11.2M | 11.1M | 11.1M | 11.0M | 11.0M | 10.9M | 10.9M | 10.8M | 10.8M | 10.8M |
| Change in shares outstanding | +0.7% | +0.5% | +0.5% | +0.4% | +0.5% | +0.4% | +0.4% | +0.2% | −0.2% | +1.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.8% | 10.9% | 12.5% | 16.4% | 15.5% | 12.4% | 12.6% | 12.6% | 11.1% | 10.6% |
| Return on invested capital (ROIC) | 27.6% | 77.7% | — | — | — | 53.6% | 79.2% | 32.9% | 17.6% | 9.1% |
| Return on assets (ROA) | 1.1% | 0.9% | 1.0% | 1.5% | 1.5% | 1.2% | 1.3% | 1.2% | 1.1% | 1.1% |
| Return on tangible assets | 1.1% | 0.9% | 1.0% | 1.4% | 1.5% | 1.2% | 1.3% | 1.2% | 1.1% | 1.1% |
| Free cash flow margin | 19.5% | 14.9% | 26.7% | 36.2% | 54.9% | 21.2% | 26.4% | 38.9% | 26.9% | 28.8% |
| Income quality (OCF / net income) | 1.10 | 0.96 | 1.25 | 1.06 | 1.56 | 0.84 | 1.02 | 1.44 | 1.14 | 1.18 |
| Financial health | ||||||||||
| Total debt | $187.8M | $146.3M | $69.7M | $103.6M | $136.3M | $262.0M | $185.0M | $210.3M | $228.8M | $278.9M |
| Cash & short-term investments | $296.4M | $324.4M | $317.5M | $310.9M | $407.9M | $395.7M | $386.3M | $348.6M | $320.2M | $318.1M |
| Net debt | −$108.6M | −$178.1M | −$247.8M | −$207.3M | −$271.5M | −$133.7M | −$201.3M | −$138.3M | −$91.5M | −$39.2M |
| Debt / equity | 0.66 | 0.58 | 0.29 | 0.45 | 0.56 | 1.17 | 0.87 | 1.10 | 1.26 | 1.62 |
| Debt / assets | 0.06 | 0.05 | 0.02 | 0.04 | 0.05 | 0.11 | 0.09 | 0.11 | 0.12 | 0.16 |
| Net debt / EBITDA | −2.46 | −5.12 | −91.82 | −4.20 | −5.91 | −3.88 | −6.25 | −4.67 | −3.26 | −1.49 |
| Current ratio | 0.11 | 0.12 | 0.12 | 0.18 | 0.19 | 0.20 | 0.22 | 0.21 | 0.21 | 0.23 |
| Quick ratio | 0.11 | 0.12 | 0.12 | 0.20 | 0.23 | 0.24 | 0.23 | 0.21 | 0.21 | 0.23 |
| Interest coverage | 0.5 | 0.4 | 0.0 | 2.8 | 4.1 | 1.9 | 1.2 | 1.4 | 1.9 | 2.3 |
| Working capital | −$2.45B | −$2.44B | −$2.34B | −$1.47B | −$1.79B | −$1.65B | −$1.43B | −$1.32B | −$1.21B | −$1.08B |
| Invested capital | $174.6M | $74.4M | −$4.8M | $21.6M | −$25.9M | $90.0M | $11.2M | $53.2M | $89.8M | $133.3M |
| Tangible asset value | $252.5M | $221.8M | $210.3M | $195.8M | $212.3M | $191.1M | $181.2M | $160.4M | $150.2M | $141.6M |
| Net current asset value | −$2.57B | −$2.57B | −$2.37B | −$2.19B | −$1.87B | −$1.73B | −$1.46B | −$1.40B | −$1.34B | −$1.22B |
| Graham number | $41.75 | $35.19 | $36.26 | $40.63 | $40.75 | $33.80 | $32.08 | $29.36 | $26.12 | $24.37 |
| Graham net-net per share | −$229.77 | −$230.69 | −$213.66 | −$200.36 | −$174.33 | −$162.91 | −$136.03 | −$129.09 | −$123.48 | −$112.26 |
| Capital allocation | ||||||||||
| Dividends paid | $16.3M | $15.8M | $15.4M | $14.8M | $13.9M | $13.3M | $13.0M | $12.1M | $11.5M | $9.8M |
| Share buybacks (net) | $282,000 | $212,000 | $250,000 | $277,000 | $253,000 | $156,000 | $183,000 | $168,000 | $154,000 | $129,000 |
| Dividend payout ratio | 47.5% | 58.4% | 52.2% | 37.9% | 38.5% | 49.1% | 50.8% | 51.2% | 58.5% | 54.5% |
| Dividends + buybacks / free cash flow | 48.1% | 65.2% | 45.7% | 37.8% | 26.8% | 66.9% | 53.7% | 37.8% | 58.8% | 52.1% |
| Capex / revenue | 1.8% | 0.9% | 2.1% | 1.3% | 3.9% | 2.7% | 1.7% | 1.8% | 3.4% | 3.2% |
| Capex / operating cash flow | 8.5% | 5.7% | 7.1% | 3.4% | 6.6% | 11.2% | 6.0% | 4.4% | 11.4% | 10.1% |
| Capex / depreciation | 1.46 | 0.67 | 1.25 | 0.71 | 1.84 | 1.14 | 0.81 | 0.83 | 1.36 | 1.22 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.6% | 0.7% | 0.9% | 0.7% | 0.6% | 0.5% | 0.5% | 0.4% |
| SG&A / revenue | 20.4% | 16.1% | 18.6% | 23.4% | 24.0% | 23.2% | 21.6% | 24.1% | 25.6% | 25.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 28.9 | 28.5 | 30.9 | 28.8 | 31.9 | 31.6 | 27.2 | 27.5 | 28.3 | 28.8 |
| Days of inventory on hand | — | — | -205.6 | -1,285.1 | -3,288.0 | -983.5 | -217.1 | 13.3 | 16.3 | 28.0 |
| Days payables outstanding | — | — | — | 44,129.5 | 69,609.1 | 27,333.4 | 21,158.2 | 24,623.9 | 31,282.4 | 33,614.4 |
| Cash conversion cycle (days) | — | — | — | -45,385.7 | -72,865.2 | -28,285.3 | -21,348.1 | -24,583.1 | -31,237.8 | -33,557.6 |
| Receivables turnover | 12.61 | 12.79 | 11.80 | 12.65 | 11.46 | 11.57 | 13.43 | 13.27 | 12.87 | 12.69 |
| Payables turnover | — | — | — | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 |
| Inventory turnover | — | — | — | — | — | — | — | 27.36 | 22.39 | 13.02 |
| Asset turnover | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| Average receivables | $14.1M | $12.9M | $10.9M | $8.7M | $8.4M | $8.2M | $6.9M | $6.3M | $5.7M | $5.2M |
| Average payables | — | — | — | $2.25B | $1.98B | $1.75B | $1.59B | $1.47B | $1.33B | $1.14B |
| Average inventory | — | — | −$8.7M | −$65.6M | −$93.7M | −$62.9M | −$16.3M | $798,000 | $693,500 | $953,500 |
| Intangibles / total assets | 1.0% | 1.0% | 1.1% | 1.2% | 1.3% | 1.4% | 1.5% | 1.6% | 1.7% | 1.8% |
Computed from FNLC's annual financial statements (latest annual report filed March 6, 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.
FNLC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), First Bancorp traded at 8.6 times earnings, against a 10-year median of 10.9. Based on the latest twelve months, the trailing P/E is 10.2 and the forward P/E is 12.2. First Bancorp earned a return on equity of 12.8% and a return on invested capital of 27.6% in fiscal 2025. It ended the year with $187.8 million of debt and $296.4 million in cash and short-term investments, a net cash position of $108.6 million. It returned $16.6 million to shareholders: $16.3 million in dividends and $0.3 million in share buybacks, 48% of free cash flow. The share count rose 3.3% from 10.8M to 11.2M over 9 years.
See the FNLC income statement, the FNLC chart for price history, or the FNLC stock overview for the latest quote and news.
FNLC key metrics FAQ
What is First Bancorp's P/E ratio?
First Bancorp's trailing P/E ratio is 10.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.2. At the end of fiscal 2025 it was 8.6, compared with a 10-year median of 10.9.
What is First Bancorp's EV/EBITDA?
First Bancorp's enterprise value was 4.3 times EBITDA at the end of fiscal 2025 (enterprise value $187.9 million, EBITDA $44.1 million).
What is First Bancorp's return on equity?
First Bancorp's return on equity (ROE) was 12.8% in fiscal 2025: net income of $34.4 million on average shareholders' equity of $267.8 million.
What is First Bancorp's ROIC?
First Bancorp's return on invested capital was 27.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does First Bancorp have?
First Bancorp had total debt of $187.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.66 and more cash than debt.
What is First Bancorp's dividend yield?
First Bancorp's forward dividend yield is 4.42%. First Bancorp paid $16.3 million in dividends in fiscal 2025 ($1.46 per share), a payout ratio of 47.5%.
Does First Bancorp buy back its shares?
Yes. First Bancorp spent $0.3 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.7% over the year, to 11.2M..
What is First Bancorp's free cash flow yield?
First Bancorp generated $34.6 million of free cash flow in fiscal 2025, a free cash flow yield of 11.7% on its market value at year-end ($296.4 million).
What is First Bancorp's current ratio?
First Bancorp's current ratio was 0.11 at the end of fiscal 2025: current assets were 0.11 times current liabilities.