Analyst Ratings

Date	Action	Analyst	Rating	Target
Apr-07-26	Downgrade	UBS	Buy → Neutral
Feb-04-26	Reiterated	UBS	Buy	$28 → $29
Jan-16-26	Reiterated	National Bank		$28 → $27
Jan-16-26	Reiterated	Stephens		$28 → $29
Jan-16-26	Reiterated	Barclays	Overweight	$28 → $30
Jan-16-26	Reiterated	DA Davidson	Neutral	$24 → $27
Jan-12-26	Reiterated	RBC Capital	Outperform	$27 → $28
Jan-09-26	Reiterated	Truist Financial		$26 → $27
Jan-06-26	Reiterated	UBS	Buy	$26 → $28
Jan-06-26	Reiterated	Goldman Sachs	Neutral	$24 → $27

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	4,603	4,985	4,937	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	1,206	1,629	1,991
Gross Profit	3,397	3,356	2,946
Selling, General and Administrative Excl. Other	1,474	1,479	1,300
Research and Development	0	0	0
Other Operating Expense	570	596	641
Operating Income	1,353	1,281	1,005
Interest Expense	1,518	1,564	1,841
Unusual Expense	—	—	—
Non-Operating Income (Expense)	0	0	0
Net Income Before Taxes	1,338	1,281	1,005
Income Taxes	296	282	211
Consolidated Net Income	1,027	983	775
Net Income From Continuing Operations	1,042	999	794
Net Income	1,027	983	775
EPS (Recurring)	2.02	1.89	1.37
EPS (Basic, Before Extraordinaries)	2.02	1.89	1.37
EPS (Diluted)	2.00	1.88	1.36
EBITDA	1,395	1,337	1,106
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	12.41	12.71	—
Price To Sales Ratio	2.59	2.35	—
Gross Margin	73.80	67.32	59.67
Operating Margin	29.39	25.70	20.36
Net Margin	22.31	19.72	15.70
Shares Outstanding	480	491	540
Market Capitalization	11,909	11,735	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Restel Anthony J	SEVP, Chief Banking Officer	Jan 29 '26	Option Exercise	16.01	10,121	162,036	623,238	Feb 02 12:00 AM
Restel Anthony J	SEVP, Chief Banking Officer	Jan 29 '26	Sale	24.35	5,719	139,238	619,132	Feb 02 12:00 AM
JORDAN D BRYAN	Chairman, President & CEO	Jan 29 '26	Option Exercise	15.43	233,310	3,599,974	938,172	Feb 02 12:00 AM
JORDAN D BRYAN	Chairman, President & CEO	Jan 29 '26	Sale	24.16	85,009	2,054,165	853,163	Feb 02 12:00 AM
Fleming Jeff L.	EVP & Chief Accounting Officer	Nov 12 '25	Option Exercise	15.43	19,530	301,348	136,245	Nov 13 12:00 AM
Fleming Jeff L.	EVP & Chief Accounting Officer	Nov 12 '25	Sale	21.74	7,619	165,660	128,626	Nov 13 12:00 AM
POPWELL DAVID T	SEVP Sr Strategic Executive	Nov 04 '25	Sale	21.31	155,149	3,306,567	307,432	Nov 05 12:00 AM
POPWELL DAVID T	SEVP Sr Strategic Executive	Aug 22 '25	Sale	22.50	100,000	2,249,520	462,581	Aug 26 12:00 AM
POPWELL DAVID T	SEVP Sr Strategic Executive	Jul 22 '25	Option Exercise	15.75	76,020	1,196,992	575,546	Jul 23 12:00 AM
POPWELL DAVID T	SEVP Sr Strategic Executive	Jul 22 '25	Sale	22.20	38,010	843,864	550,011	Jul 23 12:00 AM
LoCascio Tammy	SEVP, Chief Operating Officer	Jul 18 '25	Option Exercise	15.76	24,984	393,780	352,336	Jul 21 12:00 AM
LoCascio Tammy	SEVP, Chief Operating Officer	Jul 18 '25	Sale	22.25	10,285	228,813	342,051	Jul 21 12:00 AM
JORDAN D BRYAN	Chairman, President & CEO	Jan 22 '25	Option Exercise	18.69	240,770	4,499,992	1,971,361	Jan 23 12:00 AM
JORDAN D BRYAN	Chairman, President & CEO	Jan 22 '25	Sale	21.13	109,980	2,323,651	1,861,381	Jan 23 12:00 AM
Fleming Jeff L.	EVP & Chief Accounting Officer	Nov 22 '24	Option Exercise	18.69	16,050	299,974	132,724	Nov 26 12:00 AM


Market Cap	11.74B	Forward P/E	10.58	EPS next Y	2.34	Insider Trans	0.03%	Shs Float	-	Perf Month	5.17%


Enterprise Value	23.01B	PEG	0.29	EPS next Q	0.52	Inst Own	-	Short Float	-	Perf Quarter	14.17%


Income	1.02B	P/S	2.55	EPS this Y	7.23%	Inst Trans	-	Short Ratio	-	Perf Half Y	4.82%


Sales	4.60B	P/B	1.29	EPS next Y	9.32%	ROA	1.22%	Short Interest	-	Perf YTD	3.81%


Book/sh	19.94	P/C	13.20	EPS next 5Y	11.07%	ROE	11.43%	52W High	26.56 -6.59%	Perf Year	28.95%


Cash/sh	8.04	P/FCF	13.14	EPS past 3/5Y	-	ROIC	4.25%	52W Low	19.18 29.35%	Perf 3Y	-


Dividend Est.	0.64 (2.58%)	EV/EBITDA	16.49	Sales past 3/5Y	13.48% 12.22%	Gross Margin	73.80%	Volatility	1.33% 1.35%	Perf 5Y	-


Dividend TTM	0.64 (2.58%)	EV/Sales	5.00	EPS Y/Y TTM	47.79%	Oper. Margin	29.39%	ATR (14)	0.51	Perf 10Y	-


Dividend Ex-Date	Jun 12, 2026	Quick Ratio	0.96	Sales Y/Y TTM	-6.77%	Profit Margin	22.31%	RSI (14)	56.04	Recom	2.55


Dividend Gr. 3/5Y	0.00% 0.00%	Current Ratio	0.96	EPS Q/Q	26.19%	SMA20	1.66%	Beta	0.90	Target Price	28.00


Payout	32.13%	Debt/Eq	1.45	Sales Q/Q	-26.45%	SMA50	1.86%	Rel Volume	1.47	Prev Close	24.73


Employees	7,200	LT Debt/Eq	0.14	Earnings	Jul 15	SMA200	6.18%	Avg Volume	4.53M	Price	24.81


IPO Date	Mar 17, 1980	Option/Short	Yes / Yes	EPS/Sales Surpr.	8.16% -0.58%	Net Debt/EBITDA	8.08	Volume	6,647,536	Change	0.32%

FHN