Glacier Bancorp, Inc. (GBCI) Key Metrics
GBCI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.71B
- Enterprise value
- $6.92B
- P/E (TTM)
- 18.0 10-yr median 20.2
- Forward P/E
- 21.4
- PEG ratio
- 1.75
- Price / sales
- 5.1 10-yr median 5.8
- Price / book
- 1.3 10-yr median 1.9
- EV / EBITDA
- — 10-yr median 7.9
- Dividend yield
- 3.19% $1.40 a year
- Beta
- 0.77
GBCI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGBCI valuation Price multiples at each fiscal year-end price.
GBCI returns How much profit the business earns on the capital it uses.
GBCI per-share figures Results divided by the shares outstanding at year-end.
GBCI financial health Debt, liquidity and how easily interest is covered.
GBCI efficiency & capital use Working capital cycle and where the cash goes.
GBCI valuation history
GBCI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GBCI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GBCI cash returned to shareholders
GBCI price vs earnings per share
GBCI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $5.73B | $5.69B | $4.58B | $5.48B | $5.64B | $4.37B | $4.06B | $3.32B | $3.06B | $2.77B |
| Enterprise value | $4.30B | $4.93B | $2.88B | $2.73B | −$2.77B | −$420.8M | $1.93B | $1.37B | $1.78B | $833.2M |
| P/E ratio | 24.0 | 29.9 | 20.6 | 18.1 | 19.8 | 16.4 | 19.3 | 18.2 | 26.3 | 22.8 |
| Price / sales | 4.0 | 4.6 | 4.1 | 5.9 | 6.9 | 5.5 | 6.2 | 5.7 | 6.4 | 6.3 |
| Price / book | 1.4 | 1.8 | 1.5 | 1.9 | 1.8 | 1.9 | 2.1 | 2.2 | 2.5 | 2.5 |
| Price / free cash flow | 16.5 | 27.1 | 10.1 | 12.2 | 10.0 | 24.6 | 19.3 | 12.7 | 12.5 | 15.0 |
| Price / operating cash flow | 15.3 | 22.0 | 9.2 | 11.6 | 9.9 | 23.0 | 17.9 | 11.8 | 12.0 | 14.3 |
| EV / sales | 3.0 | 4.0 | 2.6 | 2.9 | -3.4 | -0.5 | 3.0 | 2.4 | 3.7 | 1.9 |
| EV / EBITDA | 11.5 | 18.4 | 9.5 | 6.7 | — | — | 6.7 | 5.6 | 9.0 | 4.7 |
| EV / free cash flow | 12.4 | 23.5 | 6.4 | 6.1 | — | — | 9.2 | 5.2 | 7.3 | 4.5 |
| Earnings yield | 4.2% | 3.3% | 4.9% | 5.5% | 5.1% | 6.1% | 5.2% | 5.5% | 3.8% | 4.4% |
| Free cash flow yield | 6.1% | 3.7% | 9.9% | 8.2% | 10.0% | 4.1% | 5.2% | 7.9% | 8.0% | 6.7% |
| Dividend yield | 2.8% | 2.6% | 3.2% | 2.9% | 2.6% | 3.0% | 3.1% | 2.6% | 3.7% | 3.0% |
| Shareholder yield (dividends + buybacks) | 2.8% | 2.7% | 3.2% | 2.9% | 2.6% | 3.0% | 3.1% | 2.6% | 3.7% | 3.0% |
| Share price at fiscal year-end | $44.05 | $50.22 | $41.32 | $49.42 | $56.70 | $46.01 | $45.99 | $39.62 | $39.39 | $36.23 |
| Per share | ||||||||||
| Revenue per share | $10.95 | $11.00 | $10.06 | $8.42 | $8.18 | $8.32 | $7.39 | $6.92 | $6.12 | $5.74 |
| Earnings per share | $1.84 | $1.68 | $2.01 | $2.74 | $2.86 | $2.81 | $2.38 | $2.17 | $1.50 | $1.59 |
| Operating cash flow per share | $2.88 | $2.28 | $4.52 | $4.25 | $5.76 | $2.00 | $2.56 | $3.35 | $3.28 | $2.53 |
| Free cash flow per share | $2.67 | $1.85 | $4.07 | $4.04 | $5.66 | $1.87 | $2.38 | $3.13 | $3.15 | $2.42 |
| Cash per share | $33.26 | $40.22 | $55.37 | $51.52 | $96.67 | $62.90 | $32.88 | $33.17 | $25.49 | $33.77 |
| Book value per share | $32.38 | $28.47 | $27.24 | $25.66 | $31.97 | $24.30 | $22.18 | $18.12 | $15.45 | $14.63 |
| Tangible book value per share | $20.98 | $18.73 | $18.06 | $16.39 | $21.53 | $18.30 | $16.30 | $14.07 | $12.98 | $12.54 |
| Dividends per share | $1.25 | $1.32 | $1.32 | $1.42 | $1.46 | $1.38 | $1.41 | $1.02 | $1.44 | $1.10 |
| Capex per share | $0.21 | $0.43 | $0.45 | $0.21 | $0.09 | $0.12 | $0.19 | $0.22 | $0.13 | $0.11 |
| Debt per share | $22.26 | $33.50 | $40.05 | $26.73 | $12.10 | $12.45 | $8.74 | $9.93 | $8.99 | $8.45 |
| Shares outstanding | 130.1M | 113.2M | 110.9M | 110.8M | 99.4M | 94.9M | 88.4M | 83.7M | 77.6M | 76.3M |
| Change in shares outstanding | +14.9% | +2.1% | +0.1% | +11.5% | +4.7% | +7.4% | +5.6% | +7.8% | +1.7% | +1.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.4% | 6.1% | 7.6% | 10.1% | 10.4% | 12.5% | 12.1% | 13.4% | 10.1% | 11.0% |
| Return on invested capital (ROIC) | 10.2% | 10.0% | 31.4% | — | — | — | — | — | — | — |
| Return on assets (ROA) | 0.8% | 0.7% | 0.8% | 1.2% | 1.3% | 1.7% | 1.6% | 1.7% | 1.2% | 1.3% |
| Return on tangible assets | 0.8% | 0.7% | 0.8% | 1.2% | 1.1% | 1.5% | 1.6% | 1.5% | 1.2% | 1.3% |
| Free cash flow margin | 24.4% | 16.8% | 40.5% | 47.9% | 69.2% | 22.5% | 32.2% | 45.2% | 51.5% | 42.1% |
| Income quality (OCF / net income) | 1.57 | 1.36 | 2.25 | 1.55 | 2.01 | 0.71 | 1.08 | 1.54 | 2.19 | 1.59 |
| Financial health | ||||||||||
| Total debt | $2.90B | $3.79B | $4.44B | $2.96B | $1.20B | $1.18B | $772.6M | $830.8M | $697.9M | $645.4M |
| Cash & short-term investments | $4.33B | $4.55B | $6.14B | $5.71B | $9.61B | $5.97B | $2.91B | $2.78B | $1.98B | $2.58B |
| Net debt | −$1.43B | −$760.8M | −$1.70B | −$2.75B | −$8.41B | −$4.79B | −$2.13B | −$1.94B | −$1.28B | −$1.93B |
| Debt / equity | 0.69 | 1.18 | 1.47 | 1.04 | 0.38 | 0.51 | 0.39 | 0.55 | 0.58 | 0.58 |
| Debt / assets | 0.09 | 0.14 | 0.16 | 0.11 | 0.05 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 |
| Net debt / EBITDA | −3.82 | −2.84 | −5.57 | −6.75 | −22.03 | −13.35 | −7.45 | −7.95 | −6.46 | −10.79 |
| Current ratio | 307.57 | 0.21 | 0.29 | — | — | — | 632.15 | — | — | — |
| Quick ratio | 307.57 | 0.21 | 1.10 | — | — | — | 715.84 | — | — | — |
| Interest coverage | 0.8 | 0.5 | 0.8 | 9.0 | 18.8 | 12.0 | 6.1 | 6.3 | 6.1 | 5.4 |
| Working capital | $25.04B | −$17.70B | −$15.31B | $5.79B | $9.68B | $6.04B | $2.96B | $8.63B | $6.88B | $5.98B |
| Invested capital | $2.78B | $2.46B | $1.32B | $97.0M | −$5.23B | −$2.48B | −$172.8M | −$428.8M | −$81.3M | −$815.8M |
| Tangible asset value | $2.73B | $2.12B | $2.00B | $1.82B | $2.14B | $1.74B | $1.44B | $1.18B | $1.01B | $957.5M |
| Net current asset value | −$2.64B | −$20.03B | −$18.49B | −$18.00B | −$13.08B | −$10.15B | −$8.76B | −$1.96B | −$1.63B | −$2.35B |
| Graham number | $36.58 | $32.80 | $35.10 | $39.74 | $45.39 | $39.17 | $34.48 | $29.76 | $22.83 | $22.85 |
| Graham net-net per share | −$60.25 | −$177.05 | −$245.64 | −$164.79 | −$134.35 | −$110.87 | −$101.50 | −$92.97 | −$83.61 | −$74.81 |
| Capital allocation | ||||||||||
| Dividends paid | $162.7M | $150.0M | $146.7M | $157.5M | $145.6M | $131.3M | $124.5M | $85.5M | $111.7M | $84.0M |
| Share buybacks (net) | — | $1.6M | $1.8M | $0 | $0 | $0 | $0 | $1.2M | $1.5M | $0 |
| Dividend payout ratio | 68.1% | 78.9% | 65.8% | 52.0% | 51.1% | 49.3% | 59.1% | 47.0% | 96.0% | 69.4% |
| Dividends + buybacks / free cash flow | 46.8% | 72.3% | 32.9% | 35.2% | 25.9% | 73.8% | 59.2% | 33.1% | 46.3% | 45.5% |
| Capex / revenue | 1.9% | 3.9% | 4.4% | 2.5% | 1.2% | 1.5% | 2.5% | 3.2% | 2.1% | 1.9% |
| Capex / operating cash flow | 7.2% | 18.7% | 9.9% | 4.9% | 1.6% | 6.2% | 7.2% | 6.6% | 4.0% | 4.3% |
| Capex / depreciation | 0.55 | 1.16 | 1.33 | 0.64 | 0.29 | 0.38 | 0.61 | 0.84 | 0.59 | 0.45 |
| Stock-based compensation / revenue | 0.4% | 0.5% | 0.5% | 0.6% | 0.5% | 0.5% | 1.1% | 0.5% | 0.6% | 0.4% |
| SG&A / revenue | 31.8% | 30.8% | 32.2% | 37.7% | 36.2% | 34.3% | 36.5% | 36.1% | 36.4% | 37.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 2,674.6 | 28.4 | 29.1 | 31.3 | 34.2 | 30.4 | 30.9 | 31.2 | 34.7 | 37.6 |
| Days of inventory on hand | — | — | -9,607.7 | -2,980.7 | -5,368.7 | -2,999.6 | -1,639.1 | 87.3 | 158.0 | 272.7 |
| Days payables outstanding | 27.4 | 62.8 | 69.7 | 20.1 | 25.0 | 21.7 | 38.1 | 30.9 | 31.5 | 40.5 |
| Cash conversion cycle (days) | 2,647.2 | -34.4 | -9,648.3 | -2,969.4 | -5,359.5 | -2,990.9 | -1,646.3 | 87.5 | 161.1 | 269.8 |
| Receivables turnover | 0.14 | 12.85 | 12.53 | 11.65 | 10.68 | 12.01 | 11.83 | 11.72 | 10.53 | 9.71 |
| Payables turnover | 13.33 | 5.81 | 5.23 | 18.17 | 14.57 | 16.79 | 9.58 | 11.81 | 11.57 | 9.00 |
| Inventory turnover | — | — | — | — | — | — | — | 4.18 | 2.31 | 1.34 |
| Asset turnover | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Average receivables | $10.45B | $96.9M | $89.0M | $80.1M | $76.1M | $65.8M | $55.2M | $49.4M | $45.1M | $45.2M |
| Average payables | $33.2M | $79.8M | $65.1M | $3.4M | $2.9M | $4.0M | $4.5M | $3.9M | $3.5M | $3.6M |
| Average inventory | — | — | −$8.97B | −$500.0M | −$612.4M | −$551.3M | −$192.3M | $10.9M | $17.6M | $23.9M |
| Intangibles / total assets | 4.6% | 4.0% | 3.7% | 3.9% | 4.0% | 3.1% | 3.8% | 2.8% | 2.0% | 1.7% |
Computed from GBCI's annual financial statements (latest annual report filed February 25, 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.
GBCI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Glacier Bancorp traded at 24.0 times earnings, against a 10-year median of 20.2. Based on the latest twelve months, the trailing P/E is 18.0 and the forward P/E is 21.4. Glacier Bancorp earned a return on equity of 6.4% and a return on invested capital of 10.2% in fiscal 2025. It ended the year with $2.9 billion of debt and $4.3 billion in cash and short-term investments, a net cash position of $1.4 billion. It returned $162.7 million to shareholders: $162.7 million in dividends and $0 in share buybacks, 47% of free cash flow. The share count rose 70.5% from 76.3M to 130.1M over 9 years.
See the GBCI income statement, the GBCI chart for price history, or the GBCI stock overview for the latest quote and news.
GBCI key metrics FAQ
What is Glacier Bancorp's P/E ratio?
Glacier Bancorp's trailing P/E ratio is 18.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 21.4. At the end of fiscal 2025 it was 24.0, compared with a 10-year median of 20.2.
What is Glacier Bancorp's EV/EBITDA?
Glacier Bancorp's enterprise value was 11.5 times EBITDA at the end of fiscal 2025 (enterprise value $4.3 billion, EBITDA $374.8 million).
What is Glacier Bancorp's return on equity?
Glacier Bancorp's return on equity (ROE) was 6.4% in fiscal 2025: net income of $239.0 million on average shareholders' equity of $3.7 billion.
What is Glacier Bancorp's ROIC?
Glacier Bancorp's return on invested capital was 10.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Glacier Bancorp have?
Glacier Bancorp had total debt of $2.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.69 and more cash than debt.
What is Glacier Bancorp's dividend yield?
Glacier Bancorp's forward dividend yield is 3.19%. Glacier Bancorp paid $162.7 million in dividends in fiscal 2025 ($1.25 per share), a payout ratio of 68.1%.
What is Glacier Bancorp's free cash flow yield?
Glacier Bancorp generated $347.6 million of free cash flow in fiscal 2025, a free cash flow yield of 6.1% on its market value at year-end ($5.7 billion).
What is Glacier Bancorp's current ratio?
Glacier Bancorp's current ratio was 307.57 at the end of fiscal 2025: current assets were 307.57 times current liabilities.