Cullen/frost Bankers annual free cash flow
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2025
Cullen/frost Bankers Free Cash Flow (FCF) History (CFR)
Cullen/frost Bankers reported $127.3M in free cash flow for fiscal 2025, a decrease of 85.22% from the previous fiscal year, with a free cash flow margin of 104.73%.
View full Cullen/frost Bankers company overviewCullen/frost Bankers free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $127.3M | −$734.4M | −85.22% | +104.73% |
| 2024 | 2024-12-31 | $861.8M | $541.5M | +169.12% | +811.22% |
| 2023 | 2023-12-31 | $320.2M | −$299.9M | −48.36% | +342.46% |
| 2022 | 2022-12-31 | $620.1M | $37.6M | +6.46% | +674.80% |
| 2021 | 2021-12-31 | $582.4M | $153.6M | +35.82% | +699.28% |
| 2020 | 2020-12-31 | $428.8M | $1.4M | +0.34% | +530.24% |
| 2019 | 2019-12-31 | $427.4M | −$55.7M | −11.54% | +480.29% |
| 2018 | 2018-12-31 | $483.1M | −$20.9M | −4.14% | +567.13% |
| 2017 | 2017-12-31 | $504.0M | $119.8M | +31.18% | +41.90% |
| 2016 | 2016-12-31 | $384.2M | $136.5M | +55.09% | +34.12% |
| 2015 | 2015-12-31 | $247.7M | $89.8M | +56.91% | +23.25% |
| 2014 | 2014-12-31 | $157.9M | $23.9M | +17.82% | +15.68% |
| 2013 | 2013-12-31 | $134.0M | −$141.1M | −51.29% | +14.51% |
| 2012 | 2012-12-31 | $275.1M | $27.5M | +11.09% | +30.78% |
| 2011 | 2011-12-31 | $247.7M | −$160.1M | −39.26% | +28.41% |
| 2010 | 2010-12-31 | $407.7M | $212.0M | +108.37% | +48.22% |
| 2009 | 2009-12-31 | $195.7M | $28.8M | +17.23% | +23.56% |
| 2008 | 2008-12-31 | $166.9M | — | — | +20.32% |
Cullen/frost Bankers quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$7.1M | −$121.6M | — | −20.88% |
| Q1 2026 | 2026-03-31 | $198.7M | $535.8M | — | +617.96% |
| Q4 2025 | 2025-12-31 | $138.2M | $111.6M | +418.55% | +427.13% |
| Q3 2025 | 2025-09-30 | $211.7M | −$70.2M | −24.91% | +673.23% |
| Q2 2025 | 2025-06-30 | $114.5M | $11.5M | +11.21% | +392.81% |
| Q1 2025 | 2025-03-31 | −$337.1M | −$787.3M | — | −1177.68% |
| Q4 2024 | 2024-12-31 | $26.7M | $150.2M | — | +95.51% |
| Q3 2024 | 2024-09-30 | $281.9M | $76.1M | +36.98% | +1028.34% |
| Q2 2024 | 2024-06-30 | $103.0M | −$12.8M | −11.05% | +394.28% |
| Q1 2024 | 2024-03-31 | $450.3M | $328.0M | +268.32% | +1815.89% |
| Q4 2023 | 2023-12-31 | −$123.6M | −$259.4M | — | −503.64% |
| Q3 2023 | 2023-09-30 | $205.8M | −$11.5M | −5.27% | +871.85% |
| Q2 2023 | 2023-06-30 | $115.8M | $169.2M | — | +492.86% |
| Q1 2023 | 2023-03-31 | $122.2M | −$198.2M | −61.85% | +558.72% |
| Q4 2022 | 2022-12-31 | $135.8M | $68.9M | +102.94% | +608.41% |
| Q3 2022 | 2022-09-30 | $217.2M | $22.3M | +11.41% | +946.16% |
| Q2 2022 | 2022-06-30 | −$53.4M | −$167.0M | — | −223.77% |
| Q1 2022 | 2022-03-31 | $320.5M | $113.5M | +54.84% | +1409.20% |
| Q4 2021 | 2021-12-31 | $66.9M | $31.3M | +88.03% | +300.97% |
| Q3 2021 | 2021-09-30 | $195.0M | −$43.3M | −18.18% | +919.06% |
| Q2 2021 | 2021-06-30 | $113.6M | $175.8M | — | +572.25% |
| Q1 2021 | 2021-03-31 | $207.0M | −$10.2M | −4.71% | +1035.12% |
| Q4 2020 | 2020-12-31 | $35.6M | $25.1M | +238.81% | +170.85% |
| Q3 2020 | 2020-09-30 | $238.3M | $14.7M | +6.59% | +1202.85% |
| Q2 2020 | 2020-06-30 | −$62.3M | −$153.5M | — | −354.12% |
| Q1 2020 | 2020-03-31 | $217.2M | $115.1M | +112.73% | +958.81% |
| Q4 2019 | 2019-12-31 | $10.5M | −$69.2M | −86.83% | — |
| Q3 2019 | 2019-09-30 | $223.6M | $28.4M | +14.57% | +974.57% |
| Q2 2019 | 2019-06-30 | $91.2M | $76.9M | +538.39% | +27.14% |
| Q1 2019 | 2019-03-31 | $102.1M | −$91.9M | −47.36% | +29.74% |
| Q4 2018 | 2018-12-31 | $79.7M | −$92.6M | −53.74% | — |
| Q3 2018 | 2018-09-30 | $195.2M | $37.5M | +23.77% | +59.26% |
| Q2 2018 | 2018-06-30 | $14.3M | −$36.4M | −71.79% | +4.43% |
| Q1 2018 | 2018-03-31 | $193.9M | $70.6M | +57.24% | +60.38% |
| Q4 2017 | 2017-12-31 | $172.3M | $90.5M | +110.51% | +54.89% |
| Q3 2017 | 2017-09-30 | $157.7M | $11.7M | +8.03% | +52.41% |
| Q2 2017 | 2017-06-30 | $50.6M | $17.0M | +50.63% | +17.11% |
| Q1 2017 | 2017-03-31 | $123.3M | $580,000 | +0.47% | +42.21% |
| Q4 2016 | 2016-12-31 | $81.9M | $73.8M | +920.66% | +27.75% |
| Q3 2016 | 2016-09-30 | $145.9M | −$74.3M | −33.72% | +52.76% |
| Q2 2016 | 2016-06-30 | $33.6M | $17.1M | +103.45% | +12.52% |
| Q1 2016 | 2016-03-31 | $122.8M | $119.8M | +4026.52% | +42.94% |
| Q4 2015 | 2015-12-31 | $8.0M | −$55.6M | −87.39% | +2.98% |
| Q3 2015 | 2015-09-30 | $220.2M | $181.5M | +469.21% | +81.45% |
| Q2 2015 | 2015-06-30 | $16.5M | $20.3M | — | +6.31% |
| Q1 2015 | 2015-03-31 | $3.0M | −$56.4M | −94.99% | +1.13% |
| Q4 2014 | 2014-12-31 | $63.6M | $5.1M | +8.74% | +24.31% |
| Q3 2014 | 2014-09-30 | $38.7M | −$88.6M | −69.61% | +14.97% |
| Q2 2014 | 2014-06-30 | −$3.8M | −$4.0M | — | −1.51% |
| Q1 2014 | 2014-03-31 | $59.4M | $111.4M | — | +24.96% |
| Q4 2013 | 2013-12-31 | $58.5M | $32.9M | +128.40% | +24.60% |
| Q3 2013 | 2013-09-30 | $127.3M | $29.2M | +29.79% | +55.50% |
| Q2 2013 | 2013-06-30 | $229,000 | −$57.6M | −99.60% | +0.10% |
| Q1 2013 | 2013-03-31 | −$52.0M | −$145.6M | — | −22.55% |
| Q4 2012 | 2012-12-31 | $25.6M | $14.0M | +121.22% | +11.12% |
| Q3 2012 | 2012-09-30 | $98.1M | $15.4M | +18.63% | +44.04% |
| Q2 2012 | 2012-06-30 | $57.8M | −$28.0M | −32.61% | +26.39% |
| Q1 2012 | 2012-03-31 | $93.6M | $26.0M | +38.41% | +42.24% |
| Q4 2011 | 2011-12-31 | $11.6M | −$122.8M | −91.38% | +5.31% |
| Q3 2011 | 2011-09-30 | $82.7M | −$39.2M | −32.18% | +36.81% |
| Q2 2011 | 2011-06-30 | $85.7M | $15.1M | +21.29% | +39.86% |
| Q1 2011 | 2011-03-31 | $67.7M | −$13.1M | −16.22% | +31.60% |
| Q4 2010 | 2010-12-31 | $134.4M | $67.2M | +99.94% | +63.43% |
| Q3 2010 | 2010-09-30 | $121.9M | — | — | +57.27% |
| Q2 2010 | 2010-06-30 | $70.7M | — | — | +33.37% |
| Q1 2010 | 2010-03-31 | $80.7M | — | — | +38.64% |
| Q3 2009 | 2009-09-30 | $67.2M | — | — | +33.03% |
Cullen/frost Bankers free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $428.8M to $127.3M, a compound annual decline of 21.56%. Cullen/frost Bankers's latest reported quarter, Q2 2026, generated −$7.1M in free cash flow, a decrease of $121.6M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Cullen/frost Bankers filings at SEC.gov ↗