NYSE:CFR | Free Cash Flow | CULLEN/FROST BANKERS, INC.

Free cash flow is operating cash flow less capital expenditure. FCF / net income requires positive matching-period earnings.

Available history
2008-12-31 to 2026-03-31
Data captured

Historical Free Cash Flow

DateOperating cash flowCapital expenditureFree cash flowFCF / net income
2026-03-31$237.32M$38.61M$198.72M116.22%
2025-12-31$180.74M$42.52M$138.22M83.14%
2025-03-31-$296.11M$40.95M-$337.06M-223.34%
2024-12-31$64.3M$37.65M$26.66M17.21%
2024-03-31$488.43M$38.18M$450.25M331.82%
2023-12-31-$83M$40.57M-$123.57M-120.50%
2023-03-31$168.35M$46.1M$122.24M68.81%
2022-12-31$182.67M$46.87M$135.8M71.04%
2022-03-31$332.83M$12.37M$320.45M323.35%
2021-12-31$95.68M$28.76M$66.92M66.24%
2021-03-31$219.77M$12.81M$206.95M178.38%
2020-12-31$49.15M$13.56M$35.59M40.32%
2020-03-31$248.93M$31.75M$217.18M396.65%
2019-12-31$48.89M$38.39M$10.5M10.13%
2019-03-31$146.13M$44.04M$102.09M87.64%
2018-12-31$102.22M$22.49M$79.73M66.86%
2018-03-31$210.71M$16.76M$193.95M182.15%
2017-12-31$182.64M$10.29M$172.34M171.44%
2017-03-31$129.66M$6.31M$123.34M145.21%
2016-12-31$102.87M$21M$81.87M97.79%
2016-03-31$130.13M$7.37M$122.76M178.39%
2015-12-31$36.1M$28.08M$8.02M13.77%
2015-03-31$54.78M$51.8M$2.98M4.12%
2014-12-31$115.02M$51.41M$63.6M87.48%
2014-03-31$72.58M$13.22M$59.37M97.03%
2013-12-31$73.31M$14.82M$58.49M93.48%
2013-03-31-$45.17M$6.83M-$52.01M-94.23%
2012-12-31$30.78M$5.17M$25.61M42.55%
2012-03-31$101.91M$8.28M$93.63M153.42%
2011-12-31$15.03M$3.45M$11.58M20.89%
2011-03-31$71.24M$3.59M$67.65M130.28%
2010-12-31$141.83M$7.46M$134.37M253.28%
2010-03-31$85.19M$4.44M$80.75M168.86%
2009-12-31$60.37M$15.8M$44.57M86.55%

Annual Free Cash Flow

DateOperating cash flowCapital expenditureFree cash flowFCF / net income
2025-12-31$273.98M$146.65M$127.33M19.63%
2024-12-31$989.53M$127.78M$861.76M147.93%
2023-12-31$478.85M$158.63M$320.22M53.55%
2022-12-31$722.58M$102.5M$620.08M107.07%
2021-12-31$648.29M$65.85M$582.44M131.45%
2020-12-31$524.24M$95.42M$428.82M129.49%
2019-12-31$634.09M$206.72M$427.37M96.34%
2018-12-31$562.39M$79.27M$483.12M106.20%
2017-12-31$538.08M$34.09M$503.99M138.40%
2016-12-31$437.84M$53.65M$384.19M126.27%
2015-12-31$394.86M$147.13M$247.73M88.69%
2014-12-31$289.85M$131.97M$157.88M56.80%
2013-12-31$173.61M$39.6M$134.01M56.34%
2012-12-31$300M$24.89M$275.11M115.61%
2011-12-31$274.37M$26.72M$247.65M113.84%
2010-12-31$424.53M$16.83M$407.71M195.30%
2009-12-31$273.93M$78.26M$195.67M109.29%
2008-12-31$234.37M$67.47M$166.9M80.53%