First Interstate BancSystem
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
11.739.74
Price/Sales ratio
1.771.60
Earnings per Share (EPS)
$2.59$3.12

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
14.7015.1319.7919.3413.1814.7416.0813.0519.7412.3914.1613.18
Price/Sales ratio
3.443.394.594.183.664.133.963.923.603.113.304.13
Price/Book Value ratio
1.361.381.921.441.241.321.321.261.290.980.991.32
Price/Cash Flow ratio
10.2211.3816.0413.319.5920.959.668.887.467.4510.159.59
Price/Free Cash Flow ratio
9.2512.0017.8317.809.8624.1010.899.217.617.9811.169.86
Price/Earnings Growth ratio
-3.239.531.65-5.190.385.83-1.470.55-0.530.462.910.38
Dividend Yield
2.30%2.76%2.07%2.35%3.03%2.96%4.95%4.05%4.56%6.11%5.80%3.03%
Profitability Indicator Ratios
Gross Profit Margin
100%99.61%99.98%100%100%100%100%100%93.69%93.02%72.86%100%
Operating Profit Margin
45.24%42.25%43.42%40.20%42.93%36.45%32.01%38.79%33.96%32.83%33.35%36.45%
Pretax Profit Margin
36.01%33.73%35.24%31.88%35.82%36.45%32.01%38.79%23.25%32.83%30.09%36.45%
Net Profit Margin
23.45%22.44%23.21%21.66%27.82%28.06%24.65%30.07%18.28%25.10%22.95%28.06%
Effective Tax Rate
34.88%33.46%34.16%32.03%22.34%23.01%22.98%22.47%21.35%23.54%23.74%22.34%
Return on Assets
0.98%0.99%1.05%0.87%1.20%1.23%0.91%0.97%0.62%0.83%0.79%1.23%
Return On Equity
9.28%9.13%9.73%7.46%9.45%8.98%8.22%9.66%6.57%7.97%7.22%8.98%
Return on Capital Employed
1.90%1.88%1.98%1.63%1.87%1.62%1.19%1.26%1.18%1.09%2.30%1.87%
Liquidity Ratios
Current Ratio
0.010.010.0118.370.020.011.81N/AN/AN/A0.660.02
Quick Ratio
81.87107.74129.1995.0195.6436.8057.7063.1619.40N/A0.6636.80
Cash ratio
11.0913.4515.538.238.067.5915.1515.411.89N/A0.047.59
Days of Sales Outstanding
27.4426.1626.4328.2328.46N/AN/AN/AN/AN/A45.3028.46
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/A-5.24KN/AN/AN/A
Operating Cycle
N/A26.1626.43N/AN/AN/AN/AN/A-5.24KN/A45.30N/A
Days of Payables Outstanding
N/A14.35K417.62KN/AN/AN/AN/AN/A2.41K2.20K553.99N/A
Cash Conversion Cycle
N/A-14.32K-417.59KN/AN/AN/AN/AN/A-7.65K-2.20K-508.69N/A
Debt Ratios
Debt Ratio
0.000.000.000.000.000.000.010.010.150.090.080.00
Debt Equity Ratio
0.040.040.020.000.050.040.100.091.600.890.700.05
Long-term Debt to Capitalization
0.040.040.020.000.050.040.090.090.450.080.080.05
Total Debt to Capitalization
0.040.040.020.000.050.040.090.090.610.470.410.05
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.63N/A
Cash Flow to Debt Ratio
3.182.584.1819.332.171.271.351.420.100.140.131.27
Company Equity Multiplier
9.479.189.228.557.857.279.009.9010.509.508.797.85
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.330.290.280.310.380.190.410.440.480.410.320.19
Free Cash Flow / Operating Cash Flow Ratio
1.100.940.890.740.970.860.880.960.980.930.920.86
Cash Flow Coverage Ratio
3.182.584.1819.332.171.271.351.420.100.140.131.27
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/A0.220.160.15N/A
Dividend Payout Ratio
33.91%41.81%41.12%45.61%40.01%43.75%79.77%52.88%90.05%75.76%83.09%40.01%