GERMAN AMERICAN BANCORP, INC.
GABC· Nasdaq· State Commercial Banks
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 31.6%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- –
We record prices for the companies we cover; GABC is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 36.8M
- Revenue
- $487.4M
- Free cash flow
- $154.0M
- Owner earnings
- $151.1M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 23.1%
- Free cash flow
- 31.6%
- Owner earnings
- 31.0%
- Stock pay
- 0.6%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 9.7%
- ROE, 5 yr avg
- 12.3%
Growth (CAGR)
- Revenue, 3 yr
- 20.6%
- Revenue, 5 yr
- –
- Revenue, 9 yr
- –
- Diluted EPS, 3 yr
- 3.3%
- Diluted EPS, 5 yr
- 5.5%
- Diluted EPS, 9 yr
- 7.7%
- Free cash flow, 3 yr
- 14.7%
- Free cash flow, 5 yr
- 12.5%
- Free cash flow, 9 yr
- 17.3%
Financial health · FY2025
- Cash and investments
- $118.4M
- Total debt
- $100.0M
- Net cash
- $18.4M
- Debt/Equity
- 0.1x
- Debt/FCF
- 0.6x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 38.4%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 6.8%
Financials: ten years from the 10-Ks
Revenue
$487.4M
+20.6% a year over 9 years
FY2016FY2025
Margins
23.1%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$154.0MOwner earnings$151.1M
Free cash flow +17.3% a year
FY2016FY2025
Diluted shares
36.8M
+64.3% over 9 years, net dilution
FY2016FY2025
Net cash
$18.4M
$18.4M more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | – | – | – | – | – | – | $278.1M | $316.9M | $353.7M | $487.4M |
| Revenue growth | – | – | – | – | – | – | – | 14.0% | 11.6% | 37.8% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | $35.2M | $40.7M | $46.5M | $59.2M | $62.2M | $84.1M | $81.8M | $85.9M | $83.8M | $112.6M |
| Net margin | – | – | – | – | – | – | 29.4% | 27.1% | 23.7% | 23.1% |
| Diluted EPS | $1.57 | $1.77 | $1.99 | $2.29 | $2.34 | $3.17 | $2.78 | $2.91 | $2.83 | $3.06 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $41.9M | $54.9M | $62.3M | $65.2M | $92.4M | $100.8M | $110.0M | $107.2M | $95.8M | $159.3M |
| Capital expenditure | $5.2M | $11.2M | $15.2M | $9.4M | $7.1M | $4.7M | $7.9M | $5.7M | $5.0M | $5.3M |
| Free cash flow | $36.7M | $43.7M | $47.1M | $55.9M | $85.3M | $96.2M | $102.2M | $101.5M | $90.7M | $154.0M |
| Stock-based compensation | $1.4M | $1.2M | $1.4M | $1.3M | $1.1M | $1.7M | $2.3M | $2.3M | $2.9M | $2.9M |
| Owner earnings? | $35.3M | $42.4M | $45.8M | $54.6M | $84.3M | $94.4M | $99.9M | $99.2M | $87.8M | $151.1M |
| Free cash flow per share | $1.64 | $1.91 | $2.02 | $2.16 | $3.22 | $3.62 | $3.47 | $3.43 | $3.06 | $4.19 |
| Capital allocation | ||||||||||
| Dividends paid | $10.6M | $11.8M | $14.1M | $17.6M | $20.1M | $22.2M | $27.0M | $29.4M | $31.8M | $43.3M |
| Share repurchases | – | – | – | – | – | – | – | – | – | – |
| Diluted shares | 22.4M | 22.9M | 23.4M | 25.8M | 26.5M | 26.5M | 29.5M | 29.6M | 29.7M | 36.8M |
| Share count change? | 12.6% | 2.4% | 2.0% | 10.4% | 2.8% | 0.0% | 11.0% | 0.3% | 0.3% | 24.1% |
| Balance sheet | ||||||||||
| Cash and equivalents | – | $70.4M | $96.5M | $103.9M | $344.1M | $395.2M | $117.4M | $115.3M | $188.8M | $118.4M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $258.1M | $275.2M | $376.4M | $349.7M | $194.5M | $152.2M | $64.5M | $89.5M | $114.6M | $100.0M |
| Net debt | – | $204.9M | $279.9M | $245.8M | -$149.5M | -$243.0M | -$52.9M | -$25.8M | -$74.2M | -$18.4M |
| Shareholders' equity | $330.3M | $364.6M | $458.6M | $573.8M | $624.7M | $668.5M | $558.4M | $663.6M | $715.1M | $1.2B |
Latest filings
| 2026-10-26 | 8-K | Earnings release |
| 2026-08-06 | 10-Q | Quarterly report |
| 2026-07-27 | 8-K | Earnings release |
| 2026-05-06 | 10-Q | Quarterly report |
| 2026-04-27 | 8-K | Earnings release |
| 2026-03-18 | DEF 14A | Proxy statement |
| 2026-02-27 | 10-K | Annual report |
| 2026-01-26 | 8-K | Earnings release |
| 2025-11-05 | 10-Q | Quarterly report |
| 2025-10-27 | 8-K | Earnings release |
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