Huntington Bancshares Incorporated (HBAN) Key Metrics
HBAN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $30.85B
- Enterprise value
- $39.78B
- P/E (TTM)
- 11.7 10-yr median 12.1
- Forward P/E
- 8.6
- PEG ratio
- 1.63
- Price / sales
- 3.4 10-yr median 2.5
- Price / book
- 1.0 10-yr median 1.1
- EV / EBITDA
- — 10-yr median 8.7
- Dividend yield
- 4.06% $0.62 a year
- Beta
- 0.97
HBAN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHBAN valuation Price multiples at each fiscal year-end price.
HBAN returns How much profit the business earns on the capital it uses.
HBAN per-share figures Results divided by the shares outstanding at year-end.
HBAN financial health Debt, liquidity and how easily interest is covered.
HBAN efficiency & capital use Working capital cycle and where the cash goes.
HBAN valuation history
HBAN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HBAN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HBAN cash returned to shareholders
HBAN price vs earnings per share
HBAN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $26.11B | $24.02B | $18.67B | $20.66B | $19.84B | $13.04B | $15.93B | $12.48B | $16.54B | $12.15B |
| Enterprise value | $16.68B | $23.38B | $17.99B | $24.94B | $21.00B | $14.56B | $26.88B | $20.21B | $14.37B | $21.92B |
| P/E ratio | 11.8 | 12.4 | 9.6 | 9.2 | 15.3 | 16.0 | 11.3 | 9.0 | 13.9 | 17.1 |
| Price / sales | 2.1 | 2.0 | 1.7 | 2.6 | 3.3 | 2.5 | 2.8 | 2.4 | 3.5 | 3.2 |
| Price / book | 1.1 | 1.2 | 1.0 | 1.2 | 1.0 | 1.0 | 1.4 | 1.1 | 1.5 | 1.2 |
| Price / free cash flow | 11.5 | 14.4 | 7.4 | 5.4 | 10.9 | 10.8 | 10.9 | 7.7 | 9.4 | 11.1 |
| Price / operating cash flow | 10.3 | 13.2 | 7.0 | 5.1 | 9.6 | 9.9 | 10.1 | 7.2 | 8.5 | 10.0 |
| EV / sales | 1.3 | 2.0 | 1.7 | 3.1 | 3.5 | 2.8 | 4.8 | 3.8 | 3.0 | 5.8 |
| EV / EBITDA | 4.8 | 7.7 | 5.7 | 7.7 | 10.6 | 10.9 | 13.1 | 9.5 | 8.0 | 16.9 |
| EV / free cash flow | 7.3 | 14.0 | 7.1 | 6.5 | 11.6 | 12.1 | 18.3 | 12.5 | 8.2 | 20.0 |
| Earnings yield | 8.5% | 8.1% | 10.4% | 10.8% | 6.5% | 6.3% | 8.9% | 11.2% | 7.2% | 5.9% |
| Free cash flow yield | 8.7% | 7.0% | 13.5% | 18.5% | 9.1% | 9.2% | 9.2% | 13.0% | 10.6% | 9.0% |
| Dividend yield | 3.9% | 4.4% | 5.5% | 4.9% | 4.5% | 5.4% | 4.2% | 4.7% | 2.6% | 2.5% |
| Shareholder yield (dividends + buybacks) | 3.9% | 6.1% | 6.0% | 6.1% | 11.3% | 6.1% | 7.0% | 12.2% | 4.1% | 2.5% |
| Share price at fiscal year-end | $17.35 | $16.27 | $12.72 | $14.10 | $15.42 | $12.63 | $15.08 | $11.92 | $14.56 | $13.22 |
| Per share | ||||||||||
| Revenue per share | $8.30 | $8.10 | $7.34 | $5.43 | $4.73 | $5.07 | $5.35 | $5.03 | $4.17 | $4.12 |
| Earnings per share | $1.47 | $1.31 | $1.33 | $1.53 | $1.01 | $0.79 | $1.34 | $1.33 | $1.04 | $0.77 |
| Operating cash flow per share | $1.69 | $1.23 | $1.81 | $2.75 | $1.60 | $1.28 | $1.49 | $1.65 | $1.72 | $1.32 |
| Free cash flow per share | $1.51 | $1.13 | $1.71 | $2.60 | $1.41 | $1.17 | $1.39 | $1.54 | $1.55 | $1.19 |
| Cash per share | $18.55 | $11.66 | $9.33 | $5.07 | $4.89 | $6.79 | $1.42 | $2.78 | $14.47 | $2.43 |
| Book value per share | $16.17 | $13.37 | $13.18 | $12.10 | $15.00 | $12.58 | $11.17 | $10.61 | $9.52 | $11.22 |
| Tangible book value per share | $11.69 | $9.14 | $8.94 | $7.81 | $10.37 | $10.24 | $8.83 | $8.19 | $7.25 | $8.37 |
| Dividends per share | $0.68 | $0.71 | $0.70 | $0.69 | $0.69 | $0.68 | $0.64 | $0.56 | $0.37 | $0.33 |
| Capex per share | $0.18 | $0.10 | $0.10 | $0.15 | $0.19 | $0.12 | $0.10 | $0.11 | $0.17 | $0.13 |
| Debt per share | $12.28 | $11.22 | $8.87 | $7.99 | $5.78 | $8.26 | $11.79 | $10.17 | $12.55 | $13.06 |
| Shares outstanding | 1.50B | 1.48B | 1.47B | 1.47B | 1.29B | 1.03B | 1.06B | 1.05B | 1.14B | 918.8M |
| Change in shares outstanding | +1.9% | +0.6% | +0.2% | +13.9% | +24.6% | −2.2% | +0.9% | −7.9% | +23.7% | +12.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.0% | 9.9% | 10.5% | 12.1% | 8.0% | 6.6% | 12.3% | 12.7% | 11.2% | 8.4% |
| Return on invested capital (ROIC) | 13.1% | 10.4% | 9.7% | 10.6% | 7.4% | 4.4% | 6.8% | 10.1% | 8.3% | 4.3% |
| Return on assets (ROA) | 1.0% | 1.0% | 1.0% | 1.3% | 0.9% | 0.7% | 1.3% | 1.3% | 1.2% | 0.8% |
| Return on tangible assets | 1.0% | 1.0% | 1.1% | 1.3% | 0.8% | 0.7% | 1.3% | 1.3% | 1.2% | 0.7% |
| Free cash flow margin | 18.2% | 14.0% | 23.3% | 48.0% | 29.9% | 23.0% | 25.9% | 30.7% | 37.1% | 29.0% |
| Income quality (OCF / net income) | 1.15 | 0.94 | 1.36 | 1.80 | 1.59 | 1.62 | 1.12 | 1.24 | 1.65 | 1.71 |
| Financial health | ||||||||||
| Total debt | $18.48B | $16.57B | $13.01B | $11.71B | $7.44B | $8.54B | $12.46B | $10.64B | $14.26B | $12.00B |
| Cash & short-term investments | $27.91B | $17.21B | $13.70B | $7.43B | $6.29B | $7.02B | $1.50B | $2.91B | $16.44B | $2.23B |
| Net debt | −$9.43B | −$638.0M | −$682.0M | $4.28B | $1.15B | $1.52B | $10.95B | $7.73B | −$2.17B | $9.77B |
| Debt / equity | 0.76 | 0.84 | 0.67 | 0.66 | 0.39 | 0.66 | 1.06 | 0.96 | 1.32 | 1.16 |
| Debt / assets | 0.08 | 0.08 | 0.07 | 0.06 | 0.04 | 0.07 | 0.11 | 0.10 | 0.14 | 0.12 |
| Net debt / EBITDA | −2.73 | −0.21 | −0.21 | 1.32 | 0.58 | 1.13 | 5.36 | 3.65 | −1.20 | 7.52 |
| Current ratio | 0.19 | 0.15 | 0.14 | 0.09 | 0.09 | 0.09 | 0.02 | 0.03 | 0.22 | 0.05 |
| Quick ratio | 0.19 | 0.15 | 0.25 | 0.19 | 0.13 | 0.18 | 0.02 | 0.03 | 0.24 | 0.07 |
| Interest coverage | 0.6 | 0.5 | 0.7 | 4.0 | 17.9 | 2.3 | 1.7 | 2.1 | 3.2 | 3.5 |
| Working capital | −$119.18B | −$137.80B | −$131.33B | −$135.72B | −$130.99B | −$89.95B | −$83.45B | −$83.88B | −$65.49B | −$76.81B |
| Invested capital | $14.91B | $19.10B | $18.67B | $22.02B | $20.45B | $14.51B | $22.75B | $18.83B | $8.64B | $20.08B |
| Tangible asset value | $17.63B | $13.54B | $13.16B | $11.49B | $13.36B | $10.57B | $9.33B | $8.58B | $8.24B | $7.69B |
| Net current asset value | −$172.81B | −$159.60B | −$149.45B | −$150.92B | −$142.14B | −$100.87B | −$95.71B | −$94.77B | −$74.70B | −$85.11B |
| Graham number | $23.12 | $19.88 | $19.85 | $20.39 | $18.43 | $14.97 | $18.32 | $17.82 | $14.95 | $13.99 |
| Graham net-net per share | −$114.83 | −$109.42 | −$108.82 | −$108.85 | −$114.19 | −$102.54 | −$90.62 | −$90.52 | −$67.04 | −$94.08 |
| Capital allocation | ||||||||||
| Dividends paid | $1.02B | $1.05B | $1.03B | $1.01B | $888.0M | $698.0M | $671.0M | $584.0M | $425.0M | $299.0M |
| Share buybacks (net) | $0 | $410.0M | $82.0M | $250.0M | $1.35B | $92.0M | $441.0M | $939.0M | $260.0M | $0 |
| Dividend payout ratio | 46.0% | 53.9% | 53.0% | 45.1% | 68.6% | 85.4% | 47.6% | 41.9% | 35.8% | 42.0% |
| Dividends + buybacks / free cash flow | 44.6% | 87.1% | 44.3% | 33.0% | 123.3% | 65.6% | 75.8% | 94.2% | 38.9% | 27.3% |
| Capex / revenue | 2.1% | 1.2% | 1.3% | 2.7% | 4.1% | 2.3% | 1.9% | 2.1% | 4.1% | 3.2% |
| Capex / operating cash flow | 10.5% | 7.9% | 5.3% | 5.3% | 12.0% | 9.0% | 6.8% | 6.4% | 9.9% | 9.9% |
| Capex / depreciation | 0.35 | 0.23 | 0.18 | 0.44 | 0.63 | 0.32 | 0.28 | 0.22 | 0.47 | 0.32 |
| Stock-based compensation / revenue | 0.9% | 0.9% | 0.9% | 1.3% | 2.1% | 1.5% | 1.5% | 1.5% | 1.9% | 1.7% |
| SG&A / revenue | 28.0% | 24.5% | 27.3% | 32.2% | 40.7% | 33.6% | 30.5% | 31.8% | 35.1% | 38.8% |
| Efficiency | ||||||||||
| Days sales outstanding | — | 219.8 | 230.2 | 299.5 | 253.2 | 150.7 | — | — | 162.3 | 178.2 |
| Days of inventory on hand | — | — | -1,453.6 | -3,720.2 | -24,546.2 | -1,111.3 | 4.9 | -305.0 | -956.8 | -643.1 |
| Days payables outstanding | — | — | — | 53,949.0 | 387,750.1 | 22,492.4 | 23,921.2 | 29,679.6 | 44,079.8 | 52,620.7 |
| Cash conversion cycle (days) | — | — | — | -57,369.7 | -412,043.1 | -23,453.0 | — | — | -44,874.3 | -53,085.6 |
| Receivables turnover | — | 1.66 | 1.59 | 1.22 | 1.44 | 2.42 | — | — | 2.25 | 2.05 |
| Payables turnover | — | — | — | 0.01 | 0.00 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Inventory turnover | — | — | — | — | — | — | 75.00 | — | — | — |
| Asset turnover | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 |
| Average receivables | — | $7.20B | $6.80B | $6.52B | $4.22B | $2.16B | — | — | $2.11B | $1.85B |
| Average payables | — | — | — | $145.59B | $121.11B | $90.65B | $83.56B | $80.91B | $76.32B | $65.45B |
| Average inventory | — | — | −$15.45B | −$10.04B | −$7.67B | −$4.48B | $17.0M | −$831.5M | −$1.66B | −$800.0M |
| Intangibles / total assets | 3.0% | 3.1% | 3.3% | 3.4% | 3.4% | 2.0% | 2.3% | 2.3% | 2.5% | 2.6% |
Computed from HBAN's annual financial statements (latest annual report filed February 13, 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.
HBAN valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Huntington Bancshares traded at 11.8 times earnings, against a 10-year median of 12.1. Based on the latest twelve months, the trailing P/E is 11.7 and the forward P/E is 8.6. Huntington Bancshares earned a return on equity of 10.0% and a return on invested capital of 13.1% in fiscal 2025. It ended the year with $18.5 billion of debt and $27.9 billion in cash and short-term investments, a net cash position of $9.4 billion. It returned $1.0 billion to shareholders: $1.0 billion in dividends and $0 in share buybacks, 45% of free cash flow. The share count rose 63.8% from 918.8M to 1.50B over 9 years.
See the HBAN income statement, the HBAN chart for price history, or the HBAN stock overview for the latest quote and news.
HBAN key metrics FAQ
What is Huntington Bancshares's P/E ratio?
Huntington Bancshares's trailing P/E ratio is 11.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.6. At the end of fiscal 2025 it was 11.8, compared with a 10-year median of 12.1.
What is Huntington Bancshares's EV/EBITDA?
Huntington Bancshares's enterprise value was 4.8 times EBITDA at the end of fiscal 2025 (enterprise value $16.7 billion, EBITDA $3.5 billion).
What is Huntington Bancshares's return on equity?
Huntington Bancshares's return on equity (ROE) was 10.0% in fiscal 2025: net income of $2.2 billion on average shareholders' equity of $22.0 billion.
What is Huntington Bancshares's ROIC?
Huntington Bancshares's return on invested capital was 13.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Huntington Bancshares have?
Huntington Bancshares had total debt of $18.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.76 and more cash than debt.
What is Huntington Bancshares's dividend yield?
Huntington Bancshares's forward dividend yield is 4.06%. Huntington Bancshares paid $1.0 billion in dividends in fiscal 2025 ($0.68 per share), a payout ratio of 46.0%.
What is Huntington Bancshares's free cash flow yield?
Huntington Bancshares generated $2.3 billion of free cash flow in fiscal 2025, a free cash flow yield of 8.7% on its market value at year-end ($26.1 billion).
What is Huntington Bancshares's current ratio?
Huntington Bancshares's current ratio was 0.19 at the end of fiscal 2025: current assets were 0.19 times current liabilities.