1st Source Corporation (SRCE) Key Metrics
SRCE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.07B
- Enterprise value
- $2.28B
- P/E (TTM)
- 12.3 10-yr median 11.8
- Forward P/E
- 13.7
- PEG ratio
- 1.37
- Price / sales
- 4.7 10-yr median 3.2
- Price / book
- 1.6 10-yr median 1.4
- EV / EBITDA
- — 10-yr median 2.5
- Dividend yield
- 1.96% $1.68 a year
- Beta
- 0.56
SRCE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSRCE valuation Price multiples at each fiscal year-end price.
SRCE returns How much profit the business earns on the capital it uses.
SRCE per-share figures Results divided by the shares outstanding at year-end.
SRCE financial health Debt, liquidity and how easily interest is covered.
SRCE efficiency & capital use Working capital cycle and where the cash goes.
SRCE valuation history
SRCE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SRCE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SRCE cash returned to shareholders
SRCE price vs earnings per share
SRCE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.52B | $1.43B | $1.35B | $1.31B | $1.24B | $1.03B | $1.33B | $1.05B | $1.28B | $1.16B |
| Enterprise value | $273.2M | $733.6M | $50.0M | −$246.3M | −$366.1M | $28.0M | $478.7M | $274.0M | $628.8M | $671.7M |
| P/E ratio | 9.6 | 10.8 | 10.8 | 10.9 | 10.5 | 12.6 | 14.4 | 12.7 | 18.8 | 20.0 |
| Price / sales | 2.5 | 2.5 | 2.7 | 3.4 | 3.5 | 2.8 | 3.5 | 3.0 | 4.1 | 4.1 |
| Price / book | 1.2 | 1.3 | 1.4 | 1.5 | 1.4 | 1.2 | 1.6 | 1.4 | 1.8 | 1.7 |
| Price / free cash flow | 7.2 | 7.9 | 7.4 | 7.6 | 7.6 | 6.8 | 8.6 | 7.7 | 14.5 | 19.6 |
| Price / operating cash flow | 6.8 | 7.4 | 7.2 | 7.5 | 7.4 | 6.7 | 8.1 | 6.6 | 9.2 | 11.8 |
| EV / sales | 0.5 | 1.3 | 0.1 | -0.6 | -1.0 | 0.1 | 1.2 | 0.8 | 2.0 | 2.4 |
| EV / EBITDA | 1.3 | 4.0 | 0.3 | — | — | 0.2 | 3.1 | 2.0 | 4.7 | 5.7 |
| EV / free cash flow | 1.3 | 4.0 | 0.3 | — | — | 0.2 | 3.1 | 2.0 | 7.1 | 11.4 |
| Earnings yield | 10.4% | 9.3% | 9.2% | 9.2% | 9.5% | 7.9% | 6.9% | 7.9% | 5.3% | 5.0% |
| Free cash flow yield | 14.0% | 12.7% | 13.5% | 13.2% | 13.2% | 14.7% | 11.6% | 13.0% | 6.9% | 5.1% |
| Dividend yield | 2.5% | 2.5% | 2.4% | 2.4% | 2.5% | 2.9% | 2.2% | 2.5% | 1.6% | 1.7% |
| Shareholder yield (dividends + buybacks) | 3.4% | 2.5% | 3.4% | 3.0% | 5.2% | 3.5% | 3.3% | 3.3% | 1.6% | 2.4% |
| Share price at fiscal year-end | $62.49 | $58.38 | $54.95 | $53.09 | $49.60 | $40.30 | $51.88 | $40.34 | $49.45 | $44.66 |
| Per share | ||||||||||
| Revenue per share | $24.60 | $23.28 | $20.62 | $15.60 | $14.17 | $14.37 | $15.00 | $13.66 | $12.00 | $10.85 |
| Earnings per share | $6.49 | $5.41 | $5.08 | $4.88 | $4.73 | $3.19 | $3.59 | $3.18 | $2.62 | $2.23 |
| Operating cash flow per share | $9.15 | $7.91 | $7.63 | $7.11 | $6.66 | $6.05 | $6.43 | $6.16 | $5.39 | $3.79 |
| Free cash flow per share | $8.73 | $7.41 | $7.39 | $7.01 | $6.55 | $5.94 | $6.02 | $5.23 | $3.40 | $2.28 |
| Cash per share | $65.26 | $41.70 | $69.06 | $75.34 | $76.58 | $49.82 | $43.27 | $41.83 | $37.71 | $35.13 |
| Book value per share | $52.27 | $45.36 | $40.20 | $35.00 | $36.59 | $34.74 | $32.35 | $29.38 | $27.71 | $25.99 |
| Tangible book value per share | $48.83 | $41.93 | $36.79 | $31.60 | $33.24 | $31.45 | $29.07 | $26.14 | $24.48 | $19.51 |
| Dividends per share | $1.58 | $1.44 | $1.34 | $1.30 | $1.25 | $1.17 | $1.13 | $0.99 | $0.79 | $0.75 |
| Capex per share | $0.41 | $0.50 | $0.24 | $0.10 | $0.12 | $0.11 | $0.41 | $0.93 | $1.98 | $1.51 |
| Debt per share | $13.97 | $13.27 | $16.14 | $12.27 | $12.36 | $10.61 | $10.09 | $12.06 | $12.52 | $16.42 |
| Shares outstanding | 24.4M | 24.5M | 24.6M | 24.7M | 25.0M | 25.5M | 25.6M | 25.9M | 25.9M | 25.9M |
| Change in shares outstanding | −0.4% | −0.5% | −0.3% | −1.4% | −1.9% | −0.3% | −1.3% | +0.0% | +0.2% | −1.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.3% | 12.6% | 13.5% | 13.5% | 13.1% | 9.5% | 11.6% | 11.1% | 9.8% | 8.8% |
| Return on invested capital (ROIC) | 72.4% | 261.4% | — | — | — | — | — | — | 53.6% | 35.5% |
| Return on assets (ROA) | 1.8% | 1.5% | 1.5% | 1.5% | 1.5% | 1.2% | 1.4% | 1.4% | 1.2% | 1.1% |
| Return on tangible assets | 1.8% | 1.5% | 1.4% | 1.5% | 1.5% | 1.1% | 1.4% | 1.3% | 1.2% | 1.1% |
| Free cash flow margin | 35.5% | 31.8% | 35.9% | 45.0% | 46.2% | 41.3% | 40.1% | 38.2% | 28.4% | 21.0% |
| Income quality (OCF / net income) | 1.41 | 1.46 | 1.50 | 1.46 | 1.41 | 1.90 | 1.79 | 1.94 | 2.05 | 1.70 |
| Financial health | ||||||||||
| Total debt | $340.7M | $325.0M | $397.4M | $302.9M | $309.4M | $270.9M | $258.3M | $312.7M | $324.5M | $425.0M |
| Cash & short-term investments | $1.59B | $1.02B | $1.70B | $1.86B | $1.92B | $1.27B | $1.11B | $1.09B | $977.7M | $909.0M |
| Net debt | −$1.25B | −$696.5M | −$1.30B | −$1.56B | −$1.61B | −$1.00B | −$849.5M | −$772.3M | −$653.2M | −$484.0M |
| Debt / equity | 0.27 | 0.29 | 0.40 | 0.35 | 0.34 | 0.31 | 0.31 | 0.41 | 0.45 | 0.63 |
| Debt / assets | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.08 |
| Net debt / EBITDA | −5.78 | −3.80 | −7.35 | −8.85 | −8.99 | −7.28 | −5.47 | −5.60 | −4.90 | −4.12 |
| Current ratio | 12.62 | 0.14 | 0.23 | 0.31 | 0.31 | 0.25 | 0.24 | 0.23 | 0.22 | 0.22 |
| Quick ratio | 12.62 | 0.14 | 0.23 | 0.33 | 0.39 | 0.29 | 0.25 | 0.23 | 0.22 | 0.22 |
| Interest coverage | 1.2 | 0.9 | 1.2 | 5.2 | 8.5 | 2.9 | 2.0 | 2.4 | 3.8 | 4.0 |
| Working capital | $1.47B | −$6.46B | −$5.65B | −$5.07B | −$4.81B | −$4.68B | −$4.31B | −$4.16B | −$3.91B | −$3.64B |
| Invested capital | $24.0M | $414.6M | −$313.1M | −$692.8M | −$691.8M | −$113.9M | −$21.2M | −$10.3M | $65.3M | $188.6M |
| Tangible asset value | $1.23B | $1.10B | $984.3M | $839.9M | $885.5M | $846.7M | $764.7M | $679.6M | $634.8M | $504.9M |
| Net current asset value | −$6.15B | −$6.73B | −$5.96B | −$5.18B | −$4.94B | −$4.83B | −$4.44B | −$4.29B | −$4.04B | −$3.77B |
| Graham number | $87.36 | $74.33 | $67.75 | $62.00 | $62.43 | $49.94 | $51.14 | $45.83 | $40.46 | $36.14 |
| Graham net-net per share | −$251.95 | −$274.69 | −$242.10 | −$216.50 | −$210.85 | −$197.06 | −$177.41 | −$166.64 | −$156.94 | −$146.91 |
| Capital allocation | ||||||||||
| Dividends paid | $38.4M | $35.4M | $33.1M | $32.1M | $31.3M | $29.8M | $29.0M | $25.7M | $20.4M | $19.4M |
| Share buybacks (net) | $13.9M | $178,000 | $12.5M | $6.8M | $33.1M | $6.4M | $15.1M | $9.3M | $41,000 | $8.0M |
| Dividend payout ratio | 24.3% | 26.7% | 26.5% | 26.6% | 26.4% | 36.5% | 31.6% | 31.2% | 30.0% | 33.6% |
| Dividends + buybacks / free cash flow | 24.5% | 19.6% | 25.0% | 22.5% | 39.3% | 23.9% | 28.6% | 25.8% | 23.2% | 46.5% |
| Capex / revenue | 1.7% | 2.2% | 1.2% | 0.6% | 0.8% | 0.8% | 2.7% | 6.8% | 16.5% | 13.9% |
| Capex / operating cash flow | 4.5% | 6.4% | 3.2% | 1.4% | 1.7% | 1.8% | 6.4% | 15.1% | 36.8% | 39.8% |
| Capex / depreciation | 0.89 | 1.00 | 0.39 | 0.12 | 0.12 | 0.09 | 0.30 | 0.74 | 1.61 | 1.37 |
| Stock-based compensation / revenue | 1.0% | 1.0% | 1.0% | 0.9% | 1.2% | 0.9% | 0.7% | 1.0% | 1.0% | 1.0% |
| SG&A / revenue | 18.5% | 23.7% | 25.4% | 29.7% | 32.8% | 31.0% | 30.7% | 32.5% | 35.3% | 37.4% |
| Efficiency | ||||||||||
| Days sales outstanding | — | — | — | 307.8 | 287.0 | 256.9 | 184.0 | 162.1 | 167.5 | 169.0 |
| Days of inventory on hand | — | — | — | -2,896.2 | -10,680.5 | -892.7 | -208.6 | 53.4 | 109.8 | 115.9 |
| Days payables outstanding | — | — | — | 56,967.7 | 166,588.1 | 28,176.6 | 25,553.6 | 28,664.5 | 46,406.3 | 55,355.9 |
| Cash conversion cycle (days) | — | — | — | -59,556.1 | -176,981.5 | -28,812.4 | -25,578.2 | -28,449.1 | -46,129.1 | -55,071.1 |
| Receivables turnover | — | — | — | 1.19 | 1.27 | 1.42 | 1.98 | 2.25 | 2.18 | 2.16 |
| Payables turnover | — | — | — | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventory turnover | — | — | — | — | — | — | — | 6.84 | 3.32 | 3.15 |
| Asset turnover | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.05 | 0.05 |
| Average receivables | — | — | — | $324.7M | $279.0M | $258.3M | $193.6M | $157.3M | $142.7M | $130.0M |
| Average payables | — | — | — | $6.80B | $6.31B | $5.65B | $5.24B | $4.94B | $4.54B | $4.24B |
| Average inventory | — | — | — | −$345.9M | −$404.7M | −$179.1M | −$42.8M | $9.2M | $10.8M | $8.9M |
| Intangibles / total assets | 0.9% | 0.9% | 1.0% | 1.0% | 1.0% | 1.1% | 1.3% | 1.3% | 1.4% | 3.1% |
Computed from SRCE's annual financial statements (latest annual report filed February 17, 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.
SRCE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), 1st Source traded at 9.6 times earnings, against a 10-year median of 11.8. Based on the latest twelve months, the trailing P/E is 12.3 and the forward P/E is 13.7. 1st Source earned a return on equity of 13.3% and a return on invested capital of 72.4% in fiscal 2025. It ended the year with $340.7 million of debt and $1.6 billion in cash and short-term investments, a net cash position of $1.3 billion. It returned $52.3 million to shareholders: $38.4 million in dividends and $13.9 million in share buybacks, 25% of free cash flow. The share count fell 5.7% from 25.9M to 24.4M over 9 years.
See the SRCE income statement, the SRCE chart for price history, or the SRCE stock overview for the latest quote and news.
SRCE key metrics FAQ
What is 1st Source's P/E ratio?
1st Source's trailing P/E ratio is 12.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.7. At the end of fiscal 2025 it was 9.6, compared with a 10-year median of 11.8.
What is 1st Source's EV/EBITDA?
1st Source's enterprise value was 1.3 times EBITDA at the end of fiscal 2025 (enterprise value $273.2 million, EBITDA $216.4 million).
What is 1st Source's return on equity?
1st Source's return on equity (ROE) was 13.3% in fiscal 2025: net income of $158.3 million on average shareholders' equity of $1.2 billion.
What is 1st Source's ROIC?
1st Source's return on invested capital was 72.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does 1st Source have?
1st Source had total debt of $340.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.27 and more cash than debt.
What is 1st Source's dividend yield?
1st Source's forward dividend yield is 1.96%. 1st Source paid $38.4 million in dividends in fiscal 2025 ($1.58 per share), a payout ratio of 24.3%.
Does 1st Source buy back its shares?
Yes. 1st Source spent $13.9 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.4% over the year, to 24.4M..
What is 1st Source's free cash flow yield?
1st Source generated $213.0 million of free cash flow in fiscal 2025, a free cash flow yield of 14.0% on its market value at year-end ($1.5 billion).
What is 1st Source's current ratio?
1st Source's current ratio was 12.62 at the end of fiscal 2025: current assets were 12.62 times current liabilities.